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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

4.91%Q3 ’044.97%Q3 ’055.51%Q3 ’06-13%-8%

Non-interest income vs. expense

2.39%Q3 ’042.11%Q3 ’052.25%Q3 ’06-10%+2%

Executive Summary

  • Earnings: ROA of -0.03%, down 119 bps year over year; NIM at 2.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 85.60% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

-0.03%-119 bps YoY

Net Interest Margin (quarter, annualized)

2.94%-25 bps YoY

Efficiency Ratio (quarter, annualized)

63.41%+641 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets1.16%1.13%1.11%1.02%-0.03%-119 bps
Return on Equity15.24%15.58%15.63%14.38%-0.41%-1,565 bps
Net Interest Margin3.19%3.11%2.97%2.91%2.94%-25 bps
Efficiency Ratio57.00%57.93%56.39%60.21%63.41%+641 bps
Non-Interest Burden1.63%1.55%1.48%1.60%1.66%+3 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-0.11%0.03%0.01%0.03%0.13%+24 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