PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Connecticut Bank of Commerce

Stamford, CT · Cert 19183

FDIC

Q1 2002

$384.2MAssets
$314.8MLoans
$322.2MDeposits
$29.6MEquity
Loan mix
17%RE $44.7M83%C&I $222.3M0%Consumer $0.1MQ1 2001Q1 2002
Deposit mix
83%Interest-bearing $267.9M17%Noninterest $54.4MQ1 2001Q1 2002

NIM

9.15%Q1 ’017.28%Q1 ’02-11%

Non-interest income vs. expense

6.22%Q1 ’015.74%Q1 ’02-65%

Executive Summary

  • Earnings: ROA of 1.31%, up 285 bps year over year; NIM at 4.60%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.45%.
  • Funding: loans stand at 97.70% of deposits as of Q1 2002.

Financial Results

Return on Assets (quarter, annualized)

1.31%+285 bps YoY

Net Interest Margin (quarter, annualized)

4.60%-56 bps YoY

Efficiency Ratio (quarter, annualized)

62.69%-1,545 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets-1.54%0.36%-4.01%1.30%1.31%+285 bps
Return on Equityn/a4.55%-57.53%20.07%18.22%n/a
Net Interest Margin5.16%4.52%4.39%5.10%4.60%-56 bps
Efficiency Ratio78.14%83.76%73.98%59.96%62.69%-1,545 bps
Non-Interest Burden3.41%3.37%2.56%1.46%1.18%-224 bps
Growth
Asset Growth (YoY)-4.38%8.11%8.73%-0.01%-3.89%+49 bps
Loan Growth (YoY)25.84%32.55%26.94%22.29%10.46%-1,538 bps
Deposit Growth (YoY)-6.68%7.22%11.08%-4.91%6.40%+1,307 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.87%1.41%4.94%1.90%0.45%-41 bps
Allowance / Loansn/an/an/an/an/an/an/a
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 Capital11.12%10.05%8.33%9.15%10.08%-104 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits94.10%101.63%97.32%96.47%97.70%+359 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a