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Letter portraitLegal landscapeQuarterYTD

New Haven Savings Bank, The

New Haven, CT · Cert 18261

FDIC

Q1 2011

$9.0BAssets
$5.2BLoans
$5.5BDeposits
$1.3BEquity
Loan mix
88%RE $3.6B12%C&I $0.5B0%Consumer $0.0BQ1 2010Q1 2011
Deposit mix
88%Interest-bearing $4.8B12%Noninterest $0.6BQ1 2010Q1 2011

NIM

4.54%Q1 ’094.17%Q1 ’103.85%Q1 ’11+15%+2%

Non-interest income vs. expense

1.81%Q1 ’091.83%Q1 ’101.94%Q1 ’11-5%+23%

Executive Summary

  • Earnings: ROA of 0.78%, down 8 bps year over year; NIM at 2.70%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 94.98% of deposits as of Q1 2011.

Financial Results

Return on Assets (YTD, annualized)

0.78%-8 bps YoY

Net Interest Margin (YTD, annualized)

2.70%+5 bps YoY

Efficiency Ratio (YTD, annualized)

57.69%+525 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets0.86%0.85%0.80%0.79%0.78%-8 bps
Return on Equity5.51%5.41%5.13%5.17%5.37%-14 bps
Net Interest Margin2.65%2.65%2.65%2.63%2.70%+5 bps
Efficiency Ratio52.43%52.72%55.41%54.62%57.69%+525 bps
Non-Interest Burden1.16%1.16%1.27%1.24%1.43%+27 bps
Growth
Asset Growth (YoY)0.07%1.57%3.35%7.07%6.35%+628 bps
Loan Growth (YoY)-3.06%0.73%5.71%7.49%8.12%+1,118 bps
Deposit Growth (YoY)7.46%4.64%2.37%4.71%4.96%-250 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.26%0.32%0.32%0.28%0.13%-12 bps
Allowance / Loans1.13%1.11%1.07%1.08%1.06%-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 Capital18.04%18.54%18.45%17.09%17.14%-90 bps
Equity / Assets15.61%15.68%15.65%14.44%14.58%-103 bps
Liquidity & Funding
Loans / Deposits92.20%93.76%96.83%94.69%94.98%+278 bps
Liquid Assets / Assets3.62%3.99%3.90%3.55%3.03%-59 bps
CRE / Total Capitaln/an/an/an/an/an/an/a