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American Bank of Connecticut

Waterbury, CT · Cert 26498

FDIC

Q4 2001

$925.5MAssets
$424.2MLoans
$731.5MDeposits
$84.2MEquity
Deposit mix
99%Interest-bearing $724.4M1%Noninterest $7.1MQ4 2000Q4 2001

NIM

6.85%Q1 ’016.29%Q3 ’015.78%Q4 ’01+3%-1%

Non-interest income vs. expense

1.75%Q1 ’011.74%Q3 ’012.49%Q4 ’01-40%+151%

Executive Summary

  • Earnings: ROA of -0.26%, down 157 bps year over year; NIM at 2.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 57.98% of deposits as of Q4 2001.

Financial Results

Return on Assets (quarter, annualized)

-0.26%-157 bps YoY

Net Interest Margin (quarter, annualized)

2.69%

Efficiency Ratio (quarter, annualized)

74.47%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets1.31%1.22%1.24%1.29%-0.26%-157 bps
Return on Equityn/an/a14.89%14.84%-2.85%n/a
Net Interest Marginn/a2.63%2.67%2.71%2.69%n/a
Efficiency Ration/a55.38%52.99%46.81%74.47%n/a
Non-Interest Burdenn/a1.22%1.21%0.73%1.84%n/a
Growth
Asset Growth (YoY)18.86%15.55%12.55%2.12%2.02%-1,684 bps
Loan Growth (YoY)4.53%5.90%5.01%4.01%1.79%-273 bps
Deposit Growth (YoY)33.18%30.96%27.37%4.22%1.98%-3,121 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.04%0.00%-0.05%0.07%n/a
Allowance / Loansn/a1.75%1.80%1.87%1.98%n/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 Capitaln/a11.94%12.52%13.97%14.88%n/a
Equity / Assetsn/a8.19%8.43%8.98%9.10%n/a
Liquidity & Funding
Loans / Deposits58.09%58.06%57.45%57.98%57.98%-11 bps
Liquid Assets / Assets0.00%0.03%0.02%0.08%0.09%+9 bps
CRE / Total Capitaln/an/an/an/an/an/an/a