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Letter portraitLegal landscapeQuarterYTD

Ocean National Bank of Kennebunk, The

Kennebunk, ME · Cert 4264

FDIC

Q4 2008

$2.2BAssets
$1.3BLoans
$1.4BDeposits
n/aEquity
Loan mix
88%RE $1.0B12%C&I $0.1B0%Consumer $0.0BQ4 2007Q4 2008
Deposit mix
82%Interest-bearing $1.2B18%Noninterest $0.3BQ4 2007Q4 2008

NIM

5.57%Q4 ’065.76%Q4 ’07+2%

Non-interest income vs. expense

2.68%Q4 ’063.82%Q4 ’07+59%

Executive Summary

  • Earnings: ROA of 0.64%, up 24 bps year over year.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Funding: loans stand at 92.77% of deposits as of Q4 2008.

Financial Results

Return on Assets (quarter, annualized)

0.64%+24 bps YoY

Net Interest Margin (quarter, annualized)

n/a

Efficiency Ratio (quarter, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets0.40%0.52%0.63%0.66%0.64%+24 bps
Return on Equity1.94%n/an/an/an/an/a
Net Interest Margin3.87%n/an/an/an/an/a
Efficiency Ratio83.19%n/an/an/an/an/a
Non-Interest Burden3.26%n/an/an/an/an/a
Growth
Asset Growth (YoY)27.81%43.82%43.85%46.26%9.84%-1,797 bps
Loan Growth (YoY)38.08%30.85%29.37%24.99%-6.91%-4,499 bps
Deposit Growth (YoY)28.89%29.85%27.74%26.63%-5.19%-3,408 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.25%n/an/an/an/an/a
Allowance / Loans1.35%n/an/an/an/an/a
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 Capital11.35%n/an/an/an/an/a
Equity / Assets21.12%n/an/an/an/an/a
Liquidity & Funding
Loans / Deposits94.48%90.68%88.66%89.42%92.77%-171 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a