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Community's Bank the

Bridgeport, CT · Cert 57041

FDIC

Q2 2013

$26.4MAssets
$15.1MLoans
$25.7MDeposits
$-31KEquity
Loan mix
90%RE $11.1M8%C&I $1.0M2%Consumer $0.3MQ2 2012Q2 2013
Deposit mix
88%Interest-bearing $22.6M12%Noninterest $3.1MQ2 2012Q2 2013

NIM

4.76%Q2 ’114.99%Q2 ’124.42%Q2 ’13+10%-8%

Non-interest income vs. expense

5.81%Q2 ’116.09%Q2 ’128.14%Q2 ’13+5%+62%

Executive Summary

  • Earnings: ROA of -14.92%, up 37 bps year over year; NIM at 3.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 58.83% of deposits as of Q2 2013.

Financial Results

Return on Assets (quarter, annualized)

-14.92%+37 bps YoY

Net Interest Margin (quarter, annualized)

3.52%-29 bps YoY

Efficiency Ratio (quarter, annualized)

388%+23,543 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets-15.28%-2.53%-3.15%-4.64%-14.92%+37 bps
Return on Equity-183.38%-38.59%-51.83%-88.16%-616%-43,279 bps
Net Interest Margin3.82%3.45%3.48%3.56%3.52%-29 bps
Efficiency Ratio152.16%163.13%181.98%222%388%+23,543 bps
Non-Interest Burden5.90%6.03%6.51%8.25%9.56%+366 bps
Growth
Asset Growth (YoY)-16.68%-21.22%-18.02%-15.85%-18.23%-155 bps
Loan Growth (YoY)-22.56%-20.73%-16.61%-12.05%-13.00%+956 bps
Deposit Growth (YoY)-10.40%-14.75%-9.79%-6.06%-6.83%+357 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.87%-0.10%-0.02%0.64%-0.03%-90 bps
Allowance / Loans1.53%1.61%1.63%1.50%1.63%+10 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 Capital9.52%8.77%7.52%5.68%3.14%-638 bps
Equity / Assets6.67%6.42%5.72%4.79%-0.12%-679 bps
Liquidity & Funding
Loans / Deposits63.00%63.35%62.56%63.42%58.83%-417 bps
Liquid Assets / Assets6.49%10.31%6.02%7.18%6.52%+3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a