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Castle Bank and Trust Company

Meriden, CT · Cert 35159

FDIC

Q2 2009

$76.3MAssets
$51.8MLoans
$56.7MDeposits
$7.2MEquity
Deposit mix
75%Interest-bearing $42.4M25%Noninterest $14.3MQ2 2008Q2 2009

NIM

6.29%Q2 ’075.91%Q2 ’085.08%Q2 ’09-17%-15%

Non-interest income vs. expense

5.33%Q2 ’074.59%Q2 ’083.54%Q2 ’09-15%-24%

Executive Summary

  • Earnings: ROA of -0.09%, up 44 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 91.33% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

-0.09%+44 bps YoY

Net Interest Margin (quarter, annualized)

3.20%-57 bps YoY

Efficiency Ratio (quarter, annualized)

98.10%-991 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-0.53%-0.37%-3.89%-2.02%-0.09%+44 bps
Return on Equity-3.99%-3.13%-35.47%-19.73%-0.88%+311 bps
Net Interest Margin3.77%3.58%3.38%3.29%3.20%-57 bps
Efficiency Ratio108.01%104.72%121.90%179.02%98.10%-991 bps
Non-Interest Burden4.33%3.97%7.15%6.26%3.31%-102 bps
Growth
Asset Growth (YoY)9.02%21.25%23.18%19.60%14.01%+498 bps
Loan Growth (YoY)18.63%24.70%26.63%17.06%8.87%-976 bps
Deposit Growth (YoY)14.61%33.64%36.74%30.97%20.48%+588 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.05%1.59%0.00%0.06%+7 bps
Allowance / Loans1.36%1.31%0.87%0.92%0.92%-44 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 Capital11.04%10.31%9.37%8.83%8.75%-229 bps
Equity / Assets12.47%11.50%10.45%9.98%9.49%-298 bps
Liquidity & Funding
Loans / Deposits101.07%99.65%99.28%98.53%91.33%-974 bps
Liquid Assets / Assets1.88%3.04%3.00%3.26%2.99%+111 bps
CRE / Total Capitaln/an/an/an/an/an/an/a