PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Prudential Bank and Trust, FSB

Hartford, CT · Cert 32957

FDIC · 1 branch

Q4 2022

$33.6MAssets
n/aLoans
n/aDeposits
$26.9MEquity
Deposit mix
100%Interest-bearing $00%Noninterest $0Q4 2021Q4 2022

NIM

1.50%Q4 ’201.50%Q4 ’212.29%Q4 ’22-2%+57%

Non-interest income vs. expense

7.87%Q4 ’2011.53%Q4 ’2124.94%Q4 ’22-81%+75%

Market Position · Hartford-East Hartford-Middletown, CT · 2022 SOD (annual) · 0.0% share · #27 of 28 inst. · $0.0B of $57.0B

Executive Summary

  • Earnings: ROA of 14.05%, down 2,247 bps year over year; NIM at 2.27%.
  • Capital: tier 1 leverage ratio of 97.74%, up 1,688 bps from a year ago.

Financial Results

Return on Assets (YTD, annualized)

14.05%-2,247 bps YoY

Net Interest Margin (YTD, annualized)

2.27%+82 bps YoY

Efficiency Ratio (YTD, annualized)

57.65%+4,285 bps YoY

Tier 1 Leverage Ratio

97.74%+1,688 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2021Q1 2022Q2 2022Q3 2022Q4 2022YoY ΔTrend
Earnings
Return on Assets36.52%51.83%25.66%17.32%14.05%-2,247 bps
Return on Equity44.06%60.18%29.78%20.33%16.74%-2,732 bps
Net Interest Margin1.45%1.31%1.39%1.76%2.27%+82 bps
Efficiency Ratio14.81%13.02%40.82%52.45%57.65%+4,285 bps
Non-Interest Burden-61.11%-66.44%-37.43%-19.29%-15.45%+4,566 bps
Growth
Asset Growth (YoY)-24.65%-30.43%8.99%80.50%88.29%+11,294 bps
Loan Growth (YoY)n/an/an/an/an/an/an/a
Deposit Growth (YoY)0.19%0.19%-4.92%-5.27%-100.00%-10,019 bps
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio80.86%91.91%133.75%98.62%97.74%+1,688 bps
Total Risk-Based Capital387%418%403%447%421%+3,415 bps
Equity / Assets81.02%91.20%86.17%83.09%80.15%-86 bps
Liquidity & Funding
Loans / Deposits0.00%0.00%0.00%0.00%n/an/a
Liquid Assets / Assets0.04%0.04%0.00%0.00%0.00%-4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a