The First Bank of Greenwich

The First Bank of Greenwich is headquartered in Cos Cob and is the 48^th largest bank in the state of Connecticut. It is also the 5,398^th largest bank in the nation. It was established in 2006 and as of March of 2012, it had grown to 19 employees at 2 locations. The First Bank of Greenwich has a 4-star health rating.

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Data for Q1 2012

Institution Statistics The First Bank of Greenwich FDIC Certificate # 58307 BankRate Report View Year Established 2006 Employees 19 Primary Regulator FDIC Assets and Liabilities Assets $83.12 million Loans $60.80 million Deposits $63.67 million Equity Capital $7.53 million Loan Loss Allowance $790,000 Unbacked Noncurrent Loans $1.45 million Historic Data - March 2011 Assets $55.90 million Equity Capital $8.06 million Loan Loss Allowance $771,000 Unbacked Noncurrent Loans $1.22 million Profit Margin - Quarterly Net Interest Margin 4.22% Return on Assets -0.38% Return on Equity -3.97% Interest Income $903,000

Institution Health Overall Score: 4 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 March 31, 2012 The First Bank of Greenwich had $1.45 million in non-current loans and owned real-estate with $8.32 million in equity and loan loss allowances on hand to cover it. This gives The First Bank of Greenwich a Texas Ratio of 17.42% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The First Bank of Greenwich held steady from 13.80% as of March 31, 2011 to 17.42% as of March 31, 2012, resulting in a negative change of 26.29%. This indicates that the balance sheet and financial strength for The First Bank of Greenwich has held steady in recent periods. Deposit Growth In the past year, The First Bank of Greenwich has increased its total deposits by $16.1 million, resulting in 33.86% 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 The First Bank of Greenwich 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. The First Bank of Greenwich has $83.12 million in assets with $8.32 million in equity, resulting in a capitalization level of 10.01%, which is above average.

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