Western New England Bancorp, Inc. · NASDAQ:WNEB
Western New England Bancorp — Westfield Financial — Shareholder Meeting (May 2012)
19 slides from Western New England Bancorp's shareholder meeting presentation, May 17, 2012
Slide 1: Westfield Financial, Inc. Annual Meeting of Shareholders May 17, 2012
WESTFIELD FINANCIAL, INC. ANNUAL MEETING OF SHAREHOLDERS MAY 17, 2012
Slide 2: Forward-Looking Statements
FORWARD – 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 limited to,
Slide 3: Highlights and Achievements
Highlights and Achievements James C. Hagan, President and Chief Executive Officer
Slide 4: Highlights
HIGHLIGHTS Well-capitalized. Tier 1 Capital ratio of 15.73%. We continue to have some of the highest capital ratios in Massachusetts. Deposits total $749 million, with an increase of $41 million for the twelve months ended March 31, 2012. Total loans have reached $558 million, representing 6.3% grow
Slide 5: Highlights
HIGHLIGHTS New products/ services and initiatives including: Non-Profit and Government Banking deposit accounts WB Performance Checking and Money Market Ready Set Grow – redesigned Student Savings program Selected to join the Massachusetts State Treasurers Small Business Partnership Program Promote
Slide 6: Consumer Lending
CONSUMER LENDING New Residential Mortgage and Consumer Loan Center opened June 2011.
Slide 7: Technology
TECHNOLOGY We’re leveraging technology to fulfill our customers needs for alternative ways to bank. Coming soon – A new App for iPad, iPhone and Droid phones.
Slide 8: Commitment to Community
COMMITMENT TO COMMUNITY The Bank’s Future Fund supported area charities and organizations with over $300,000 in donations The Bank provided emergency contribution relief to the Red Cross after the June Tornado We encourage employee involvement in the community All full-time employees are encouraged
Slide 9: Selected Financial Highlights
SELECTED FINANCIAL HIGHLIGHTS Leo R. Sagan Jr., Chief Financial Officer
Slide 10: Solid Performance Despite a Slow Economy
SOLID PERFORMANCE DESPITE A SLOW ECONOMY Continue to generate positive earnings: 2011 Net Income of $5.9 million or $0.22 per share, up from $0.11 in 2010. 1st Q 2012 Net Income of $2.3 million, or $0.09 per share. Credit Quality remains strong: Nonperforming loans of 0.49%
Slide 11: Total Assets
TOTAL ASSETS 400 500 600 700 800 900 1,000 1,100 1,200 1,300 1,400 2007 2008 2009 2010 2011 Mar 12 1,040 1,119 1,191 1,239 1,263 1,294 $ in millions
Slide 12: Total Deposits
TOTAL DEPOSITS $ in millions 400 450 500 550 600 650 700 750 800 2007 2008 2009 2010 2011 Mar 12 603 588 648 700 733 749 $ in millions
Slide 13: Total Loans
TOTAL LOANS 400 420 440 460 480 500 520 540 560 580 600 2007 2008 2009 2010 2011 Mar 12 421 481 477 509 554 558 6.9% compound annual growth
Slide 14: Diversified Loan Portfolio as of March 31, 2012
Commercial real estate (owner occupied) $110.4 20% Commercial real estate (non-owner occupied) $123.5 22% Consumer loans $2.3 1% Residential real estate $165.4 30% Home equity $36.6 6% Commercial and industrial $120.3 21% DIVERSIFIED LOAN PORTFOLIO AS OF MARCH 31, 2012 $ in millions
Slide 15: Capital Management
Fund organic growth Finance acquisitions Repurchase shares of our common stock Pay dividends to shareholders CAPITAL MANAGEMENT We try to effectively balance leveraging our capital to earn a return on our shareholders’ investment versus returning the capital dollar-for-dollar in repurchases and divi
Slide 16: Capital Management: Cumulative Return of Capital
In December 2011, the Board of Directors authorized our current repurchase program of 1.3 million shares, or 5% of shares outstanding, which commenced in January 2012. CAPITAL MANAGEMENT CUMULATIVE RETURN OF CAPITAL SINCE SECOND STEP CONVERSION 0 25,000 50,000 75,000 100,000 125,000 150,000 2007 200
Slide 17: Total Return Performance
TOTAL RETURN PERFORMANCE 25 50 75 100 125 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 Index Value Westfield Financial, Inc. Russell 2000 NASDAQ Bank
Slide 18: Two Year Total Return versus SNL Thrift Index
*Source: SNL Financial, Inc. (30.00) (25.00) (20.00) (15.00) (10.00) (5.00) 0.00 5.00 10.00 WFD SNL U.S. Thrift TOTAL RETURN PERFORMANCE * TWO YEAR TOTAL RETURN VERSUS SNL THRIFT INDEX
Slide 19: Thank you
Thank you