Meriden, CT · Cert 35159
FDIC
Q2 2009
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2009, the quarter ended June 30, 2009, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Meriden, CT · Cert 35159
FDIC
Q2 2009
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | Q1 2009 | Q2 2009 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -0.40% | -0.31% | -0.58% | -0.55% | -0.49% | -1.42% | -2.02% | -1.03% | -48 bps | |
| Return on Equity | -2.87% | -2.21% | -4.08% | -4.04% | -3.74% | -11.38% | -19.73% | -10.38% | -634 bps | |
| Net Interest Margin | 4.49% | 4.49% | 4.04% | 3.86% | 3.54% | 3.35% | 3.29% | 3.22% | -64 bps | |
| Efficiency Ratio | 106.13% | 102.99% | 105.55% | 106.76% | 106.06% | 110.11% | 179.02% | 138.63% | +3,187 bps | |
| Non-Interest Burden | 5.07% | 4.92% | 4.55% | 4.38% | 3.99% | 4.61% | 6.26% | 4.73% | +34 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -6.38% | -3.87% | 0.74% | 9.02% | 21.25% | 23.18% | 19.60% | 14.01% | +498 bps | |
| Loan Growth (YoY) | -1.40% | 2.50% | 8.10% | 18.63% | 24.70% | 26.63% | 17.06% | 8.87% | -976 bps | |
| Deposit Growth (YoY) | -6.63% | -1.88% | 0.41% | 14.61% | 33.64% | 36.74% | 30.97% | 20.48% | +588 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 | 0.06% | 0.06% | -0.01% | -0.01% | 0.01% | 0.41% | 0.00% | 0.03% | +4 bps | |
| Allowance / Loans | 1.33% | 1.31% | 1.36% | 1.36% | 1.31% | 0.87% | 0.92% | 0.92% | -44 bps | |
| 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 | 12.59% | 12.71% | 11.86% | 11.04% | 10.31% | 9.37% | 8.83% | 8.75% | -229 bps | |
| Equity / Assets | 14.34% | 14.52% | 13.97% | 12.47% | 11.50% | 10.45% | 9.98% | 9.49% | -298 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 106.80% | 107.20% | 110.24% | 101.07% | 99.65% | 99.28% | 98.53% | 91.33% | -974 bps | |
| Liquid Assets / Assets | 0.85% | 1.44% | 0.87% | 1.88% | 3.04% | 3.00% | 3.26% | 2.99% | +111 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |