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Nuvo Bank and Trust

Springfield, MA · Cert 58621

FDIC · 1 branch

Q3 2015

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: Q3 2015, the quarter ended September 30, 2015, 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 2026-10-10

Nuvo Bank and Trust

Springfield, MA · Cert 58621

FDIC · 1 branch

Q3 2015

$162.2MAssets
$147.6MLoans
$142.2MDeposits
$15.4MEquity
Loan mix
64%RE $84.6M29%C&I $38.9M7%Consumer $9.3MQ3 2014Q3 2015
Deposit mix
87%Interest-bearing $123.8M13%Noninterest $18.4MQ3 2014Q3 2015

NIM

4.02%Q3 ’134.02%Q3 ’144.05%Q3 ’15+3%0%

Non-interest income vs. expense

2.77%Q3 ’132.62%Q3 ’142.96%Q3 ’15-6%+12%

Market Position · Springfield, MA · 2015 SOD (annual) · 1.1% share · #15 of 20 inst. · $0.1B of $13.3B

Executive Summary

  • Earnings: ROA of 0.08%, down 13 bps year over year; NIM at 3.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 9.09%.
  • Funding: loans stand at 103.76% of deposits as of Q3 2015.

Financial Results

Return on Assets (YTD, annualized)

0.08%-13 bps YoY

Net Interest Margin (YTD, annualized)

3.30%0 bps YoY

Efficiency Ratio (YTD, annualized)

83.70%+906 bps YoY

Tier 1 Leverage Ratio

9.09%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets0.21%0.28%0.28%0.00%0.08%-13 bps
Return on Equity2.12%2.83%2.86%0.03%0.85%-127 bps
Net Interest Margin3.30%3.32%3.38%3.34%3.30%0 bps
Efficiency Ratio74.64%73.41%84.15%86.80%83.70%+906 bps
Non-Interest Burden2.41%2.38%2.75%2.83%2.70%+30 bps
Growth
Asset Growth (YoY)16.15%13.53%8.94%7.19%4.87%-1,129 bps
Loan Growth (YoY)19.39%16.87%12.07%13.22%10.34%-905 bps
Deposit Growth (YoY)19.67%15.24%9.74%6.70%4.22%-1,544 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.46%0.34%0.00%0.00%0.02%-44 bps
Allowance / Loans1.24%1.24%1.25%1.33%1.38%+14 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a8.71%8.81%9.09%n/a
Total Risk-Based Capital10.99%11.10%11.22%11.32%11.76%+77 bps
Equity / Assets9.68%9.90%9.70%9.39%9.48%-19 bps
Liquidity & Funding
Loans / Deposits98.01%103.74%103.04%103.44%103.76%+575 bps
Liquid Assets / Assets4.14%3.73%3.33%3.01%2.79%-135 bps
CRE / Total Capitaln/an/an/an/an/an/an/a