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Connecticut River Community Bank

Wethersfield, CT · Cert 57475

FDIC

Q3 2010

$165.6MAssets
$129.3MLoans
$130.1MDeposits
$14.1MEquity
Loan mix
84%RE $76.4M15%C&I $13.8M1%Consumer $0.9MQ3 2009Q3 2010
Deposit mix
87%Interest-bearing $112.9M13%Noninterest $17.2MQ3 2009Q3 2010

NIM

6.27%Q3 ’085.70%Q3 ’095.49%Q3 ’10+1%+15%

Non-interest income vs. expense

2.50%Q3 ’082.70%Q3 ’092.99%Q3 ’10+3%+13%

Executive Summary

  • Earnings: ROA of 0.13%, up 9 bps year over year; NIM at 3.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.08%.
  • Funding: loans stand at 99.35% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

0.13%+9 bps YoY

Net Interest Margin (YTD, annualized)

3.67%+49 bps YoY

Efficiency Ratio (YTD, annualized)

76.43%-203 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets0.04%1-0.08%0.24%0.16%0.13%+9 bps
Return on Equity0.56%-1.10%3.08%1.96%1.61%+105 bps
Net Interest Margin3.18%3.41%3.72%3.56%3.67%+49 bps
Efficiency Ratio78.46%74.35%71.41%74.23%76.43%-203 bps
Non-Interest Burden2.44%2.46%2.59%2.58%2.75%+31 bps
Growth
Asset Growth (YoY)10.25%-0.53%-6.78%-9.97%-9.95%-2,020 bps
Loan Growth (YoY)8.76%1.01%-0.63%-2.53%-5.62%-1,438 bps
Deposit Growth (YoY)13.07%-0.92%-5.15%-8.29%-9.36%-2,243 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.68%1.69%0.19%0.82%1.08%+40 bps
Allowance / Loans1.91%1.73%1.94%1.84%1.70%-21 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 Capital11.00%11.06%11.14%11.47%11.79%+79 bps
Equity / Assets7.76%7.89%7.98%8.11%8.54%+78 bps
Liquidity & Funding
Loans / Deposits95.42%101.35%97.99%95.66%99.35%+394 bps
Liquid Assets / Assets1.78%0.91%0.35%0.35%1.18%-60 bps
CRE / Total Capitaln/an/an/an/an/an/an/a