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Canaan National Bank, The

Canaan, CT · Cert 2489

FDIC

Q2 2004

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2004, the quarter ended June 30, 2004, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Canaan National Bank, The

Canaan, CT · Cert 2489

FDIC

Q2 2004

$105.6MAssets
$55.1MLoans
$75.1MDeposits
$8.1MEquity
Loan mix
80%RE $29.6M17%C&I $6.1M3%Consumer $1.0MQ2 2003Q2 2004
Deposit mix
79%Interest-bearing $59.5M21%Noninterest $15.6MQ2 2003Q2 2004

NIM

6.01%Q2 ’025.24%Q2 ’034.85%Q2 ’04-8%-1%

Non-interest income vs. expense

2.73%Q2 ’022.99%Q2 ’032.66%Q2 ’04-6%-5%

Executive Summary

  • Earnings: ROA of 0.72%, up 4 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 0.04%.
  • Funding: loans stand at 73.40% of deposits as of Q2 2004.

Financial Results

Return on Assets (YTD, annualized)

0.72%+4 bps YoY

Net Interest Margin (YTD, annualized)

3.03%-3 bps YoY

Efficiency Ratio (YTD, annualized)

73.82%-366 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.68%0.67%0.70%0.77%0.72%+4 bps
Return on Equity8.60%8.56%8.98%9.87%9.32%+71 bps
Net Interest Margin3.06%2.93%2.99%3.12%3.03%-3 bps
Efficiency Ratio77.48%78.55%74.71%71.36%73.82%-366 bps
Non-Interest Burden2.19%2.08%1.97%2.06%2.09%-10 bps
Growth
Asset Growth (YoY)1.96%2.58%3.49%6.39%-1.52%-348 bps
Loan Growth (YoY)1.94%-6.87%-7.21%-5.77%-11.83%-1,378 bps
Deposit Growth (YoY)3.59%3.84%2.92%2.26%-2.22%-581 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%-0.01%0.03%0.05%0.04%+8 bps
Allowance / Loans1.12%1.20%1.22%1.21%1.26%+14 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 Capital13.07%13.61%12.83%14.42%12.71%-36 bps
Equity / Assets7.68%7.69%7.65%7.90%7.71%+3 bps
Liquidity & Funding
Loans / Deposits81.40%75.18%76.11%77.43%73.40%-800 bps
Liquid Assets / Assets0.75%0.71%0.71%0.73%0.64%-11 bps
CRE / Total Capitaln/an/an/an/an/an/an/a