PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of Southern Connecticut, The

New Haven, CT · Cert 57251

FDIC

Q1 2013

$121.1MAssets
$100.2MLoans
$106.8MDeposits
$10.7MEquity
Loan mix
72%RE $55.1M28%C&I $21.1M0%Consumer $0.3MQ1 2012Q1 2013
Deposit mix
76%Interest-bearing $80.6M24%Noninterest $26.1MQ1 2012Q1 2013

NIM

4.68%Q1 ’114.45%Q1 ’124.54%Q1 ’13+3%+8%

Non-interest income vs. expense

3.43%Q1 ’114.01%Q1 ’124.41%Q1 ’13+14%+13%

Executive Summary

  • Earnings: ROA of -0.19%, down 8 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 93.82% of deposits as of Q1 2013.

Financial Results

Return on Assets (YTD, annualized)

-0.19%-8 bps YoY

Net Interest Margin (YTD, annualized)

3.80%+29 bps YoY

Efficiency Ratio (YTD, annualized)

104.52%+401 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets-0.11%-0.02%0.17%-0.03%-0.19%-8 bps
Return on Equity-1.38%-0.22%2.13%-0.31%-2.13%-75 bps
Net Interest Margin3.51%3.98%4.12%4.00%3.80%+29 bps
Efficiency Ratio100.50%93.09%90.38%92.11%104.52%+401 bps
Non-Interest Burden3.53%3.67%3.68%3.64%3.99%+46 bps
Growth
Asset Growth (YoY)-15.27%-19.02%-22.31%-16.79%-9.45%+582 bps
Loan Growth (YoY)-11.44%-11.69%-11.28%-7.40%-8.11%+333 bps
Deposit Growth (YoY)-15.37%-19.17%-23.23%-18.24%-11.94%+343 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.26%0.61%0.39%0.52%-0.02%+24 bps
Allowance / Loans2.20%2.06%2.10%2.11%2.23%+3 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 Capital11.09%11.44%11.73%11.60%12.06%+98 bps
Equity / Assets8.03%8.47%8.97%8.89%8.82%+79 bps
Liquidity & Funding
Loans / Deposits89.91%92.74%97.14%97.18%93.82%+391 bps
Liquid Assets / Assets10.78%8.19%6.03%5.56%9.07%-171 bps
CRE / Total Capitaln/an/an/an/an/an/an/a