Nuvo Bank & Trust Company

Nuvo Bank & Trust Company is headquartered in Springfield and is the 148^th largest bank in the state of Massachusetts. It is also the 5,506^th largest bank in the nation. It was established in 2008 and as of September of 2011, it had grown to 13 employees at 1 location. Nuvo Bank & Trust Company's savings rates are 4X the national average, and it boasts a 5-star health rating.

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Data for Q3 2011

Institution Statistics Nuvo Bank & Trust Company FDIC Certificate # 58621 BankRate Report View Year Established 2008 Employees 13 Primary Regulator FDIC Assets and Liabilities Assets $80.01 million Loans $67.98 million Deposits $70.17 million Equity Capital $7.45 million Loan Loss Allowance $891,000 Unbacked Noncurrent Loans $611,000 Historic Data - September 2010 Assets $61.18 million Equity Capital $5.72 million Loan Loss Allowance $526,000 Unbacked Noncurrent Loans $784,000 Profit Margin - Quarterly Net Interest Margin 3.65% Return on Assets 0.08% Return on Equity 0.86% Interest Income $2.53 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Nuvo Bank & Trust Company had $611,000 in non-current loans and owned real-estate with $8.34 million in equity and loan loss allowances on hand to cover it. This gives Nuvo Bank & Trust Company a Texas Ratio of 7.33% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Nuvo Bank & Trust Company decreased significantly from 12.56% as of September 30, 2010 to 7.33% as of September 30, 2011, resulting in a positive change of 41.65%.This indicates that the balance sheet and financial strength for Nuvo Bank & Trust Company has improved significantly in recent periods. Deposit Growth In the past year, Nuvo Bank & Trust Company has increased its total deposits by $15.02 million, resulting in 27.24% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Nuvo Bank & Trust Company has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Nuvo Bank & Trust Company has $80.01 million in assets with $8.34 million in equity, resulting in a capitalization level of 10.42%, which is above average.