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Insurbanc

Farmington, CT · Cert 57020

FDIC

Q1 2013

$178.4MAssets
$88.0MLoans
$146.0MDeposits
$21.0MEquity
Loan mix
56%RE $44.7M44%C&I $35.6M0%Consumer $0.1MQ1 2012Q1 2013
Deposit mix
51%Interest-bearing $74.4M49%Noninterest $71.6MQ1 2012Q1 2013

NIM

3.24%Q1 ’123.07%Q1 ’13+6%

Non-interest income vs. expense

2.05%Q1 ’122.10%Q1 ’13+4%

Executive Summary

  • Earnings: ROA of 0.37%, up 21 bps year over year; NIM at 2.53%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Funding: loans stand at 60.23% of deposits as of Q1 2013.

Financial Results

Return on Assets (quarter, annualized)

0.37%+21 bps YoY

Net Interest Margin (quarter, annualized)

2.53%+13 bps YoY

Efficiency Ratio (quarter, annualized)

81.18%-162 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets0.16%0.20%0.33%0.41%0.37%+21 bps
Return on Equityn/a1.80%3.00%3.61%3.12%n/a
Net Interest Margin2.39%2.41%2.45%2.67%2.53%+13 bps
Efficiency Ratio82.80%81.51%78.60%75.70%81.18%-162 bps
Non-Interest Burden1.96%1.95%1.93%1.98%2.04%+7 bps
Growth
Asset Growth (YoY)4.98%4.73%5.99%4.11%-0.56%-555 bps
Loan Growth (YoY)5.71%6.60%13.23%17.76%6.86%+115 bps
Deposit Growth (YoY)6.58%7.91%10.10%10.51%3.98%-259 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.41%0.00%1.63%0.72%0.15%-26 bps
Allowance / Loans1.57%1.60%1.16%0.93%0.92%-65 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 Capital23.68%23.52%22.79%22.33%24.03%+35 bps
Equity / Assets11.37%10.94%11.27%11.64%11.76%+39 bps
Liquidity & Funding
Loans / Deposits58.61%56.74%59.45%62.68%60.23%+162 bps
Liquid Assets / Assets11.22%14.37%11.62%10.06%16.88%+566 bps
CRE / Total Capitaln/an/an/an/an/an/an/a