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First Signature Bank and Trust Company

Portsmouth, NH · Cert 26479

FDIC

Q4 2005

$424.9MAssets
$10.3MLoans
$376.2MDeposits
$35.4MEquity
Deposit mix
100%Interest-bearing $376.1M0%Noninterest $0.1MQ1 2004Q4 2005

Executive Summary

  • Earnings: ROA of -0.03%, down 43 bps year over year; NIM at 1.51%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.81%.
  • Funding: loans stand at 2.75% of deposits as of Q4 2005.

Return on Assets (quarter, annualized)

-0.03%-43 bps YoY

Net Interest Margin (quarter, annualized)

1.51%+24 bps YoY

Efficiency Ratio (quarter, annualized)

120.83%+6,780 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

2.16%Q4 ’033.17%Q4 ’045.17%Q4 ’05+16%+19%

Non-interest income vs. expense

1.36%Q4 ’030.77%Q4 ’041.52%Q4 ’05-46%+198%

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets-0.07%0.38%0.20%0.40%0.46%0.34%0.47%-0.03%-43 bps
Return on Equity-0.87%5.17%2.94%6.30%7.18%4.98%6.50%-0.34%-664 bps
Net Interest Margin1.03%1.08%1.22%1.28%1.37%1.47%1.47%1.51%+24 bps
Efficiency Ratio110.02%55.56%68.76%53.03%50.75%57.72%56.17%120.83%+6,780 bps
Non-Interest Burden1.16%0.44%0.85%0.60%0.58%0.85%0.75%1.77%+118 bps
Growth
Asset Growth (YoY)328%356%371%60.18%20.43%8.05%-2.19%-25.23%-8,541 bps
Loan Growth (YoY)6.55%-4.18%-10.46%-12.34%-12.82%-5.43%-8.23%-16.11%-377 bps
Deposit Growth (YoY)843%1181%805%76.08%22.25%13.35%-2.80%-19.52%-9,560 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.41%0.62%1.15%0.62%0.17%0.46%0.59%0.81%+20 bps
Allowance / Loans0.83%0.87%0.84%0.82%0.79%0.77%0.78%0.32%-50 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital19.63%18.05%15.56%11.81%15.32%15.55%16.14%18.76%+695 bps
Equity / Assets7.70%7.13%6.64%6.06%6.71%7.09%7.33%8.33%+228 bps
Liquidity & Funding
Loans / Deposits3.78%3.36%2.94%2.64%2.70%2.80%2.77%2.75%+11 bps
Liquid Assets / Assets1.21%1.24%1.08%0.93%0.00%0.00%0.79%1.68%+75 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a