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Wilton Bank, The

Wilton, CT · Cert 26948

FDIC

Q3 2013

$69.6MAssets
$29.8MLoans
$62.7MDeposits
$6.5MEquity
Loan mix
87%RE $21.8M10%C&I $2.4M3%Consumer $0.7MQ3 2012Q3 2013
Deposit mix
79%Interest-bearing $49.3M21%Noninterest $13.4MQ3 2012Q3 2013

NIM

2.77%Q3 ’112.57%Q3 ’122.02%Q3 ’13-5%-22%

Non-interest income vs. expense

4.64%Q3 ’114.66%Q3 ’125.27%Q3 ’13+282%+5%

Executive Summary

  • Earnings: ROA of -2.87%, down 71 bps year over year; NIM at 1.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.07%.
  • Funding: loans stand at 47.57% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

-2.87%-71 bps YoY

Net Interest Margin (quarter, annualized)

1.83%-51 bps YoY

Efficiency Ratio (quarter, annualized)

226%+3,595 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets-2.16%-3.26%-2.48%-2.64%-2.87%-71 bps
Return on Equity-17.84%-29.04%-24.06%-27.13%-30.56%-1,272 bps
Net Interest Margin2.34%2.24%2.71%1.85%1.83%-51 bps
Efficiency Ratio189.95%365%210%248%226%+3,595 bps
Non-Interest Burden4.54%5.49%4.80%4.92%4.77%+22 bps
Growth
Asset Growth (YoY)-5.68%-0.38%2.52%2.42%-3.67%+201 bps
Loan Growth (YoY)-11.47%-18.56%-20.00%-19.89%-20.92%-945 bps
Deposit Growth (YoY)-3.96%2.16%5.82%5.77%-1.09%+287 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.29%2.88%0.16%-0.07%-7 bps
Allowance / Loans3.02%3.31%3.09%2.95%2.96%-6 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 Capital19.04%19.70%18.90%18.72%18.10%-94 bps
Equity / Assets11.95%10.55%10.07%9.40%9.41%-255 bps
Liquidity & Funding
Loans / Deposits59.50%49.51%46.22%43.72%47.57%-1,193 bps
Liquid Assets / Assets35.01%44.25%45.45%49.46%46.30%+1,129 bps
CRE / Total Capitaln/an/an/an/an/an/an/a