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Letter portraitLegal landscapeQuarterYTD

Connecticut Bank & Trust Company, The

Hartford, CT · Cert 57690

FDIC

Q1 2012

$278.2MAssets
$214.6MLoans
$217.2MDeposits
$22.1MEquity
Loan mix
67%RE $117.2M30%C&I $53.2M3%Consumer $4.8MQ1 2011Q1 2012
Deposit mix
77%Interest-bearing $166.7M23%Noninterest $50.5MQ1 2011Q1 2012

NIM

5.14%Q1 ’104.77%Q1 ’114.41%Q1 ’12-4%-7%

Non-interest income vs. expense

3.43%Q1 ’103.73%Q1 ’113.89%Q1 ’12+7%+4%

Executive Summary

  • Earnings: ROA of -2.06%, down 324 bps year over year; NIM at 3.42%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.20%.
  • Funding: loans stand at 98.79% of deposits as of Q1 2012.

Financial Results

Return on Assets (YTD, annualized)

-2.06%-324 bps YoY

Net Interest Margin (YTD, annualized)

3.42%-26 bps YoY

Efficiency Ratio (YTD, annualized)

103.80%+1,027 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets1.18%0.67%-0.51%-0.52%-2.06%-324 bps
Return on Equity12.80%7.25%-5.72%-5.93%-25.35%-3,814 bps
Net Interest Margin3.68%3.62%3.49%3.45%3.42%-26 bps
Efficiency Ratio93.52%93.56%92.63%96.58%103.80%+1,027 bps
Non-Interest Burden3.42%3.37%3.21%3.32%3.57%+14 bps
Growth
Asset Growth (YoY)2.61%5.89%3.57%2.29%1.67%-95 bps
Loan Growth (YoY)7.85%6.52%1.19%1.46%-3.06%-1,091 bps
Deposit Growth (YoY)2.34%7.00%4.50%2.91%2.14%-20 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.27%0.22%0.57%0.93%3.20%+293 bps
Allowance / Loans1.53%1.53%2.38%1.87%1.80%+28 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 Capital12.75%12.70%11.62%11.14%11.00%-174 bps
Equity / Assets9.33%9.14%8.38%8.33%7.93%-140 bps
Liquidity & Funding
Loans / Deposits104.09%99.78%99.48%103.35%98.79%-530 bps
Liquid Assets / Assets3.72%5.13%2.74%0.51%5.02%+130 bps
CRE / Total Capitaln/an/an/an/an/an/an/a