Western New England Bancorp, Inc. · NASDAQ:WNEB
Western New England Bancorp — Westfield Financial — Shareholder Meeting (May 2014)
15 slides from Western New England Bancorp's shareholder meeting presentation, May 15, 2014
Slide 1: Westfield Financial, Inc. Annual Meeting of Shareholders May 15, 2014
W ESTFIELD F INANCIAL , I NC . A NNUAL M EETING OF S HAREHOLDERS M AY 15, 2014
Slide 2: Agenda
AGENDA 1. Welcoming Remarks 2. Introductions 3. Procedural Matters Relating to the Conduct of the Annual Meeting 4. Presentation of the Four Proposals before the Annual Meeting 5. Opening of Polls and Balloting 6. Closing of Polls 7. Annual Report of the Company 8. Report of the Inspector of Electio
Slide 3: Forward-Looking Statements
F ORWARD – LOOKING STATEMENTS Today’s presentation may contain forward - looking statements, which may be identified by the use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated” and “potential . ” Examples of forward - looking statements include, but are not limite
Slide 4: James C. Hagan, President and Chief Executive Officer
J AMES C. H AGAN P RESIDENT AND C HIEF E XECUTIVE O FFICER
Slide 5: Westfield Financial Highlights December 2013 vs December 2012
W ESTFIELD F INANCIAL H IGHLIGHTS D ECEMBER 2013 VS D ECEMBER 2012 ▪ Earnings Per Share 2013: $0.34 Increase of $0.08, or 31% ▪ Total Loans: $637 million Increase of $43 million, or 7.1% ▪ Total Deposits: $817 million Increase of $64 million, or 8.5% ▪ Capital Ratios and Credit Quality remain strong
Slide 6: Northern Connecticut Banking Center
N ORTHERN C ONNECTICUT B ANKING C ENTER F IRST ENTRY INTO THE C ONNECTICUT M ARKET ▪ Full service banking center in Granby, CT . o Commercial lending reach through North Central Connecticut . o Bloomfield, East Granby, Windsor, West Hartford and greater Hartford . o Targeting areas with more affluen
Slide 7: Wealth Management & Insurance: New Source of Non-Interest Income
▪ First Quarter 2014 announced the launch of Westfield Wealth Management and Insurance Group. ▪ Formed a strategic alliance with Charter Oak Insurance Agency, a general agency of Massachusetts Mutual Insurance Co. o Charter Oak and Mass Mutual are within the Westfield Bank footprint. o Mass Mutual T
Slide 8: Selected Financial Highlights
SELECTED FINANCIAL HIGHLIGHTS Leo R. Sagan Jr., Chief Financial Officer
Slide 9: Quarterly Diluted Earnings Per Share
Q UARTERLY D ILUTED E ARNINGS P ER S HARE C REATING POSITIVE EPS MOMENTUM $0.04 $0.06 $0.07 $0.08 $0.08 $0.08 $0.09 $0.09 $0.00 $0.02 $0.04 $0.06 $0.08 $0.10 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
Slide 10: Favorable Shift by Increasing Loans and Reducing Securities
C REATING A FAVORABLE SHIFT BY INCREASING LOANS AND REDUCING SECURITIES 584 583 595 596 607 620 637 648 654 664 636 631 607 558 554 542 $500 $550 $600 $650 $700 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Loans Securities $ in millions
Slide 11: Commercial Loans Growth of 10.3% from 1Q 2013
C OMMERCIAL L OANS G ROWTH OF 10.3% FROM 1Q 2013 $320 $340 $360 $380 $400 $420 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 358 355 372 369 372 383 399 407 $ in millions
Slide 12: Consistently Strong Credit Quality
C ONSISTENTLY S TRONG C REDIT Q UALITY Mar 31, 2014 Dec 31, 2013 Mar 31, 2013 Allowance for loan losses as a 1.17% 1.17% 1.27% percentage of total loans Nonperforming loans as a 0.48% 0.41% 0.50% percentage of total loans Nonperforming assets as a 0.24% 0.20% 0.23% percentage of total assets
Slide 13: Total Deposits: Steady Growth
T OTAL D EPOSITS S TEADY GROWTH WHICH IMPROVES FRANCHISE VALUE $700 $725 $750 $775 $800 $825 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 748 754 753 772 783 794 817 807 $ in millions
Slide 14: Strong Capital Base
S TRONG C APITAL B ASE As of December 31, 2013 Total Capital/Risk Weighted Assets Tier 1 Capital/Risk Weighted Assets Tier 1 Capital/Total Adjusted Assets 5.00% 12.28% 0.00% 3.00% 6.00% 9.00% 12.00% 15.00% 18.00% 21.00% 24.00% Well Capitalized Westfield Financial 6.00% 20.21% 0.00% 3.00% 6.00% 9.00%
Slide 15: Thank You
T HANK Y OU