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Rivergreen Bank

Kennebunk, ME · Cert 57467

FDIC

Q2 2008

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2008, the quarter ended June 30, 2008, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Rivergreen Bank

Kennebunk, ME · Cert 57467

FDIC

Q2 2008

$97.9MAssets
$85.4MLoans
$92.9MDeposits
$4.1MEquity
Loan mix
79%RE $67.1M21%C&I $17.8M0%Consumer $0.0MQ2 2007Q2 2008
Deposit mix
93%Interest-bearing $86.0M7%Noninterest $6.9MQ2 2007Q2 2008

NIM

6.94%Q2 ’067.25%Q2 ’076.08%Q2 ’08-11%-10%

Non-interest income vs. expense

3.48%Q2 ’064.22%Q2 ’074.92%Q2 ’08+21%+21%

Executive Summary

  • Earnings: ROA of -3.51%, down 304 bps year over year; NIM at 3.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.21%.
  • Funding: loans stand at 91.89% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

-3.51%-304 bps YoY

Net Interest Margin (YTD, annualized)

3.13%-34 bps YoY

Efficiency Ratio (YTD, annualized)

149.79%+3,748 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets-0.47%-0.59%-1.64%-1.78%-3.51%-304 bps
Return on Equity-7.02%-9.00%-25.60%-34.12%-71.35%-6,433 bps
Net Interest Margin3.47%3.30%3.27%3.52%3.13%-34 bps
Efficiency Ratio112.30%116.22%124.04%141.45%149.79%+3,748 bps
Non-Interest Burden3.93%3.88%4.12%5.05%4.76%+83 bps
Growth
Asset Growth (YoY)21.20%15.48%7.47%9.43%-11.47%-3,267 bps
Loan Growth (YoY)11.26%6.52%4.91%6.21%-2.64%-1,389 bps
Deposit Growth (YoY)29.08%23.57%15.27%12.47%-6.00%-3,508 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%0.17%0.13%-0.35%1.21%+99 bps
Allowance / Loans0.93%1.03%1.10%1.28%1.60%+67 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 Capital8.36%8.12%7.82%7.25%6.11%-225 bps
Equity / Assets6.31%6.15%5.61%4.86%4.24%-207 bps
Liquidity & Funding
Loans / Deposits88.71%86.35%89.02%85.66%91.89%+318 bps
Liquid Assets / Assets0.79%1.02%0.78%0.97%1.42%+63 bps
CRE / Total Capitaln/an/an/an/an/an/an/a