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Bank of Westport

Westport, CT · Cert 34859

FDIC

Q1 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: Q1 2004, the quarter ended March 31, 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

Bank of Westport

Westport, CT · Cert 34859

FDIC

Q1 2004

$81.8MAssets
$49.2MLoans
$74.1MDeposits
$6.6MEquity
Loan mix
74%RE $20.6M26%C&I $7.3M0%Consumer $0.0MQ1 2003Q1 2004
Deposit mix
75%Interest-bearing $55.7M25%Noninterest $18.3MQ1 2003Q1 2004

NIM

5.73%Q1 ’025.07%Q1 ’034.79%Q1 ’04-6%-5%

Non-interest income vs. expense

4.45%Q1 ’023.43%Q1 ’033.97%Q1 ’04-23%+18%

Executive Summary

  • Earnings: ROA of 0.06%, down 46 bps year over year; NIM at 3.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 66.38% of deposits as of Q1 2004.

Financial Results

Return on Assets (YTD, annualized)

0.06%1-46 bps YoY

Net Interest Margin (YTD, annualized)

3.79%-18 bps YoY

Efficiency Ratio (YTD, annualized)

98.69%+1,778 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets0.52%0.48%0.19%0.10%0.06%1-46 bps
Return on Equity4.94%4.61%1.89%0.99%0.67%-427 bps
Net Interest Margin3.97%3.81%3.73%3.59%3.79%-18 bps
Efficiency Ratio80.91%82.38%88.55%90.79%98.69%+1,778 bps
Non-Interest Burden3.16%3.09%3.27%3.24%3.74%+58 bps
Growth
Asset Growth (YoY)45.24%37.10%32.31%18.82%27.90%-1,734 bps
Loan Growth (YoY)25.43%17.14%14.01%23.21%13.04%-1,239 bps
Deposit Growth (YoY)41.93%33.05%32.34%19.52%31.75%-1,017 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.13%-0.03%-3 bps
Allowance / Loans1.04%1.15%1.20%1.04%1.15%+11 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 Capital16.22%16.82%16.18%14.66%14.45%-178 bps
Equity / Assets10.31%10.17%9.71%9.05%8.10%-221 bps
Liquidity & Funding
Loans / Deposits77.37%75.13%75.85%79.70%66.38%-1,099 bps
Liquid Assets / Assets0.22%0.20%0.19%0.17%0.14%-8 bps
CRE / Total Capitaln/an/an/an/an/an/an/a