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First City Bank

New Britain, CT · Cert 32721

FDIC

Q3 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: Q3 2004, the quarter ended September 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 2026-10-11

First City Bank

New Britain, CT · Cert 32721

FDIC

Q3 2004

$185.6MAssets
$101.4MLoans
$166.7MDeposits
$14.5MEquity
Deposit mix
84%Interest-bearing $140.5M16%Noninterest $26.2MQ3 2003Q3 2004

NIM

5.44%Q3 ’025.09%Q3 ’034.91%Q3 ’04+7%+7%

Non-interest income vs. expense

2.36%Q3 ’022.32%Q3 ’032.61%Q3 ’04+0%+11%

Executive Summary

  • Earnings: ROA of 0.87%, down 26 bps year over year; NIM at 3.59%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 60.82% of deposits as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

0.87%-26 bps YoY

Net Interest Margin (YTD, annualized)

3.59%+23 bps YoY

Efficiency Ratio (YTD, annualized)

68.48%+290 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets1.12%1.04%0.89%0.88%0.87%-26 bps
Return on Equity16.41%14.99%12.20%12.29%11.81%-460 bps
Net Interest Margin3.36%3.50%3.57%3.56%3.59%+23 bps
Efficiency Ratio65.58%66.92%68.60%67.47%68.48%+290 bps
Non-Interest Burden2.15%2.28%2.37%2.34%2.39%+25 bps
Growth
Asset Growth (YoY)3.10%1.15%3.26%-4.01%-3.19%-630 bps
Loan Growth (YoY)6.18%-0.96%1.85%1.26%2.19%-400 bps
Deposit Growth (YoY)4.79%0.23%-0.04%-5.47%-5.95%-1,073 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.02%0.02%0.01%0.01%-1 bps
Allowance / Loans1.32%1.38%1.46%1.46%1.44%+13 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 Capital13.12%13.71%13.92%14.19%14.56%+144 bps
Equity / Assets6.94%7.19%7.40%6.98%7.81%+87 bps
Liquidity & Funding
Loans / Deposits55.98%57.63%58.07%59.40%60.82%+484 bps
Liquid Assets / Assets0.03%0.04%0.01%0.01%0.00%-3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a