Western New England Bancorp, Inc. · NASDAQ:WNEB
Western New England Bancorp — Westfield Financial — Investor Presentation (February 2009)
24 slides from Western New England Bancorp's investor presentation, Feb 9, 2009
Slide 1: Westfield Financial, Inc. Investor Presentation February 2009
WESTFIELD FINANCIAL, INC, Investor Presentation February 2009
Slide 2: Forward-Looking Statements
FORWARD - LOOKING STATEMENTS Today’s presentation may contain “forward-looking statements” which may be dante fielliatienaetct ester 7 ” “anticipate,” “should,” “planned,” “estimated.” and “potential.” Examples of forward-looking statements include, but are not limited to, estimates with respect to
Slide 3: Overview
Overview Headquartered in Westfield, MA 11 branch offices located throughout Hampden County Strategic Focus is Commercial & Industrial Relationships Westfield Bank has not conducted any subprime lending programs
Slide 4: Strategic Focus
Strategic Focus * Commercial and Industrial Relationships (C&D + Non-Real Estate + Owner-Occupied Commercial Real Estate + $5 million - $15 million niche for “mid-sized businesses” + WB has developed the capital, expe! culture, & reputation to support business development.
Slide 5: 2008 Financial Highlights
2008 Financial Highlights * Very well capitalized. Stockholders’ equity/total asset ratio of 23.52% * Net income of $8.0 million, or $0.27 diluted EPS * Commercial & Industrial loan growth of $37.3 million, or 32% * Commercial real estate loan growth of $33.9 million, or 18%
Slide 6: Stable Net Interest Margin of 3.23%
¢ Stable Net Interest Margin of 3.23% * Nonperforming loans/total loans of 0.69% ¢ Allowance loan loss/total loans of 1.43%
Slide 7: Capital Management
Capital Management ble uses of capital: * Pay dividends to shareholders * Repurchase shares of our common stock *Fund organic growth or leverage the balance sheet «Finance acquisitions of other financial institutions or other businesses related to banking
Slide 8: Stock Repurchase Plan
Stock Repurchase Plan On January 22, 2008 the Board of Directors approved a repurchase plan to buy back 3,194,00 shares or 10% __ As of December 31, 2008 Westfield Financial had repurchases of 1,058,778 shares
Slide 9: Total Assets
Total Assets 1,110 1,039 4,000 aa $900 seoo 795 797 BUS $700 i | a Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08
Slide 10: Stockholders' Equity / Total Assets
Stockholders’ Equity / Total Assets The decrease in equity was primarily due fo the stock repurchase program, along with regular and special 40.00 dividends 30.00 29.03 27.56 23.52 20.00 15.69 144.83 14.39 | ll | i 0.00 Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08
Slide 11: Total Loan Portfolio
Total Loan Portfolio December 2008 Jollars in milli Residential Rea Commersial & (non-owner accupies) 396.3 20%
Slide 12: Commercial & Industrial Loans
Commercial & Industrial Loans $150 - 154 117 100 100 $100 - as “ li | ; : $0 ; Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08
Slide 13: Commercial Real Estate Loans
Commercial Real Estate Loans 224 190 170 175 131 ike) $50 $0 Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08
Slide 14: Nonperforming Loans
Nonperforming Loans 18 2249 40.12 | ao $0 T Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08
Slide 15: Asset Quality Ratios
Asset Quality Ratios = Allowance far tom loswsusa percent “ftoratloane 0.69 oe = Nonperformt 0.51 0.5 ra, 0.26 0.29 stat ete 2003 2004 2005 2006 2007 2008,
Slide 16: Securities Portfolio
Securities Portfolio December 2008 ‘Massachusetts Enterprise Debt__ ____ Municipal Bonds $612 — = 12%, Kquity Securities_____——, $6.1 SE. Mortgage sacked Securities $364.6
Slide 17: Balance Sheet Funding
Balance Sheet Funding December 2008 (dollars in millions) Retail Cheeking 12% Savings & Money | Markets st
Slide 18: Total Deposits
Total Deposits ‘Management placed less emphasis on gather time Millions $640 - 639 623 627 $615 613 ae $590 - $565 $540 deposits in favor of alternative funding Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08
Slide 19: Focus on Growing Checking and Savings Accounts
Focus on Growing Checking and Savings Accounts sis 00 3350 sus 00 sim . 880 g F 5 Eh Ss = s200 F 00 sso 100 $28 sa ” w Checking Savings Money Market Time Deposits 2007 2008 2007 = 2008
Slide 20: Short and Long Term Borrowings
Short and Long Term Borrowings $250 $200 $150 223 140 $100 60 60 te » —. | Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08
Slide 21: Net Income
Net Income 6.3 6.2 47 3.7 «$2.0 7 $0.0 + Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08
Slide 22: Net Interest Margin
Net Interest Margin (fully taxable equivalent basis) 4.00 3.00 | Zz - a || Tl Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08
Slide 23: Total Return
Total Return =— Performance____ 12/313 12/31/04 Westfield Financial 12/31/05 12/31/06 12/31/07 12/31/08 Russell 2000 = --NASDAQ Bank
Slide 24: Thank You
Wp | WESTFIELD fies = FINANCIAL, INC Thank You
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