Newfoundland, NJ · Cert 19953
FDIC · 69 branches
Q1 2024
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2024, the quarter ended March 31, 2024, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Newfoundland, NJ · Cert 19953
FDIC · 69 branches
Q1 2024
Market Position · New York-Newark-Jersey City, NY-NJ · 2023 SOD (annual) · 0.3% share · #25 of 156 inst. · $8.2B of $2583.1B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.99% | 1.06% | 1.13% | 0.80% | 0.84% | 0.81% | 0.84% | 0.77% | -3 bps | |
| Return on Equity | 8.39% | 8.97% | 9.63% | 6.89% | 7.29% | 7.06% | 7.24% | 6.51% | -38 bps | |
| Net Interest Margin | 3.09% | 3.10% | 3.08% | 2.97% | 2.86% | 2.78% | 2.69% | 2.42% | -55 bps | |
| Efficiency Ratio | 55.51% | 54.47% | 53.14% | 57.03% | 57.36% | 57.24% | 57.25% | 63.09% | +606 bps | |
| Non-Interest Burden | 1.56% | 1.54% | 1.49% | 1.57% | 1.51% | 1.47% | 1.42% | 1.43% | -14 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 32.09% | 28.61% | 31.51% | 5.45% | 5.01% | 6.28% | 3.27% | 1.15% | -430 bps | |
| Loan Growth (YoY) | 23.71% | 28.70% | 31.59% | 11.38% | 9.34% | 9.59% | 6.08% | 4.63% | -675 bps | |
| Deposit Growth (YoY) | 26.64% | 25.05% | 22.98% | -2.34% | -0.57% | -0.84% | 0.15% | -0.48% | +186 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.30% | 0.24% | 0.22% | 0.21% | 0.20% | 0.16% | 0.31% | 0.18% | -3 bps | |
| Net Charge-Offs / Loans | 0.20% | 0.13% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | +2 bps | |
| Allowance / Loans | 0.93% | 0.91% | 0.89% | 0.90% | 0.91% | 0.91% | 0.92% | 0.92% | +3 bps | |
| Allowance Coverage of NPLs | 3.1x | 3.7x | 4.0x | 4.2x | 4.6x | 5.6x | 3.0x | 5.2x | +0.9x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.03% | 10.01% | 10.03% | 9.95% | 10.01% | 10.04% | 10.09% | 10.29% | +34 bps | |
| Total Risk-Based Capital | 13.16% | 13.12% | 13.15% | 13.21% | 13.34% | 13.16% | 13.43% | 13.64% | +43 bps | |
| Equity / Assets | 11.87% | 11.60% | 11.53% | 11.60% | 11.60% | 11.33% | 11.69% | 11.97% | +37 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 86.73% | 86.78% | 91.30% | 92.61% | 95.38% | 95.90% | 96.70% | 97.36% | +476 bps | |
| Liquid Assets / Assets | 10.74% | 10.51% | 10.11% | 10.11% | 9.42% | 10.17% | 9.80% | 8.96% | -115 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |