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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

7.34%Q2 ’067.32%Q2 ’075.77%Q2 ’08-17%-13%

Non-interest income vs. expense

3.53%Q2 ’064.06%Q2 ’074.88%Q2 ’08+10%+29%

Executive Summary

  • Earnings: ROA of -5.18%, down 475 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.78%.
  • Funding: loans stand at 91.89% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

-5.18%-475 bps YoY

Net Interest Margin (quarter, annualized)

2.93%-43 bps YoY

Efficiency Ratio (quarter, annualized)

159.33%+5,077 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets-0.43%-0.81%-4.67%-1.78%-5.18%-475 bps
Return on Equity-6.51%-13.08%-79.42%-34.12%-113.21%-10,670 bps
Net Interest Margin3.36%3.32%2.96%3.52%2.93%-43 bps
Efficiency Ratio108.56%124.15%150.80%141.45%159.33%+5,077 bps
Non-Interest Burden3.68%4.18%4.57%5.05%4.74%+107 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 / Loans0.00%0.07%0.00%-0.35%2.78%+278 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