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Pemigewasset National Bank of Plymouth, The

Plymouth, NH · Cert 6247

FDIC

Q3 2005

$236.1MAssets
$157.3MLoans
$181.3MDeposits
$24.2MEquity
Loan mix
92%RE $65.4M8%C&I $5.5M0%Consumer $0.2MQ3 2004Q3 2005
Deposit mix
79%Interest-bearing $143.5M21%Noninterest $37.8MQ3 2004Q3 2005

NIM

5.02%Q3 ’034.65%Q3 ’044.96%Q3 ’05-5%+0%

Non-interest income vs. expense

4.12%Q3 ’033.98%Q3 ’044.10%Q3 ’05-10%+1%

Executive Summary

  • Earnings: ROA of 0.50%, up 5 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 86.76% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

0.50%+5 bps YoY

Net Interest Margin (quarter, annualized)

3.80%+1 bps YoY

Efficiency Ratio (quarter, annualized)

80.19%+87 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.45%0.44%0.44%0.43%0.50%+5 bps
Return on Equity4.44%4.26%4.12%3.98%4.81%+38 bps
Net Interest Margin3.78%3.94%3.93%3.92%3.80%+1 bps
Efficiency Ratio79.31%78.91%80.58%82.98%80.19%+87 bps
Non-Interest Burden3.08%3.19%3.29%3.37%3.12%+4 bps
Growth
Asset Growth (YoY)4.24%4.21%-4.28%-3.56%0.55%-369 bps
Loan Growth (YoY)15.19%16.19%7.26%-4.12%-7.92%-2,311 bps
Deposit Growth (YoY)-1.22%1.40%-3.27%-3.93%3.89%+511 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%0.19%-0.13%0.00%0.04%+8 bps
Allowance / Loans1.05%1.07%1.14%1.16%1.19%+14 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 Capital12.17%12.79%13.41%13.73%14.17%+200 bps
Equity / Assets10.29%10.51%10.80%10.59%10.26%-2 bps
Liquidity & Funding
Loans / Deposits97.88%95.49%100.81%92.91%86.76%-1,112 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a