American Bank of Connecticut

Waterbury, CT · Cert 26498

FDIC

Q4 2001

$925.5MAssets

$424.2MLoans

$731.5MDeposits

$84.2MEquity

Deposit mix

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.

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.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	1.39%	1.37%	1.33%	1.31%	1.22%	1.24%	1.29%	-0.26%	-157 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	14.89%	14.84%	-2.85%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	2.63%	2.67%	2.71%	2.69%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	55.38%	52.99%	46.81%	74.47%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	1.22%	1.21%	0.73%	1.84%	n/a
Growth
Asset Growth (YoY)	14.81%	12.94%	22.79%	18.86%	15.55%	12.55%	2.12%	2.02%	-1,684 bps
Loan Growth (YoY)	2.30%	3.05%	4.14%	4.53%	5.90%	5.01%	4.01%	1.79%	-273 bps
Deposit Growth (YoY)	11.84%	11.15%	33.95%	33.18%	30.96%	27.37%	4.22%	1.98%	-3,121 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	0.04%	0.00%	-0.05%	0.07%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	1.75%	1.80%	1.87%	1.98%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	11.94%	12.52%	13.97%	14.88%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	8.19%	8.43%	8.98%	9.10%	n/a
Liquidity & Funding
Loans / Deposits	71.80%	69.69%	58.10%	58.09%	58.06%	57.45%	57.98%	57.98%	-11 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.03%	0.02%	0.08%	0.09%	+9 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a