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Newmil Bank

New Milford, CT · Cert 18259

FDIC

Q3 2006

$710.5MAssets
$508.1MLoans
$593.6MDeposits
$66.2MEquity
Deposit mix
97%Interest-bearing $574.6M3%Noninterest $19.0MQ3 2005Q3 2006

NIM

4.88%Q3 ’044.76%Q3 ’055.50%Q3 ’06-12%-7%

Non-interest income vs. expense

2.41%Q3 ’042.09%Q3 ’052.14%Q3 ’06-14%+1%

Executive Summary

  • Earnings: ROA of 0.74%, down 55 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 85.60% of deposits as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

0.74%-55 bps YoY

Net Interest Margin (YTD, annualized)

3.03%-22 bps YoY

Efficiency Ratio (YTD, annualized)

59.96%+429 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets1.29%1.25%1.11%1.07%0.74%-55 bps
Return on Equity16.22%16.06%15.63%15.00%9.70%-651 bps
Net Interest Margin3.25%3.14%2.97%2.96%3.03%-22 bps
Efficiency Ratio55.67%56.25%56.39%58.26%59.96%+429 bps
Non-Interest Burden1.62%1.56%1.48%1.54%1.63%+1 bps
Growth
Asset Growth (YoY)17.36%17.24%11.12%6.35%-17.13%-3,450 bps
Loan Growth (YoY)3.25%3.32%7.11%3.92%1.31%-194 bps
Deposit Growth (YoY)2.37%4.77%2.34%3.14%-1.36%-373 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%-0.01%0.01%0.02%0.06%+8 bps
Allowance / Loans0.99%0.99%0.96%0.95%0.93%-6 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital13.03%13.03%13.13%13.60%14.35%+133 bps
Equity / Assets7.36%7.17%7.06%7.16%9.31%+195 bps
Liquidity & Funding
Loans / Deposits83.34%80.75%83.33%82.63%85.60%+226 bps
Liquid Assets / Assets1.30%1.20%1.18%1.18%1.27%-3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a