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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

6.33%Q3 ’085.71%Q3 ’095.45%Q3 ’10+3%+9%

Non-interest income vs. expense

2.60%Q3 ’082.73%Q3 ’093.20%Q3 ’10+0%+23%

Executive Summary

  • Earnings: ROA of 0.08%, up 4 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.55%.
  • Funding: loans stand at 99.35% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

0.08%+4 bps YoY

Net Interest Margin (quarter, annualized)

3.73%+31 bps YoY

Efficiency Ratio (quarter, annualized)

80.74%+783 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets0.04%1-0.48%0.24%0.07%0.08%+4 bps
Return on Equity0.53%-6.13%3.08%0.85%0.90%+37 bps
Net Interest Margin3.42%3.64%3.72%3.44%3.73%+31 bps
Efficiency Ratio72.92%63.00%71.41%77.27%80.74%+783 bps
Non-Interest Burden2.41%2.19%2.59%2.61%2.97%+56 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 / Loans0.58%4.70%0.19%1.46%1.55%+97 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