Morristown, NJ · Cert 19975
FDIC
Q1 2007
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2007, the quarter ended March 31, 2007, 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.
Morristown, NJ · Cert 19975
FDIC
Q1 2007
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 2005 | Q3 2005 | Q4 2005 | Q1 2006 | Q2 2006 | Q3 2006 | Q4 2006 | Q1 2007 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.68% | 0.66% | 0.64% | 0.56% | 0.20% | 0.31% | 0.31% | -1.21% | -177 bps | |
| Return on Equity | 11.12% | 10.79% | 10.59% | 8.60% | 2.98% | 4.67% | 4.58% | -16.87% | -2,547 bps | |
| Net Interest Margin | 3.01% | 2.91% | 2.83% | 2.75% | 2.73% | 2.70% | 2.62% | 2.53% | -22 bps | |
| Efficiency Ratio | 70.38% | 71.52% | 72.02% | 75.29% | 78.27% | 76.71% | 78.01% | 159.01% | +8,372 bps | |
| Non-Interest Burden | 2.01% | 1.98% | 1.93% | 1.97% | 2.05% | 1.97% | 1.95% | 4.29% | +232 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 7.55% | 2.69% | 7.77% | 6.06% | 2.27% | -0.47% | 0.61% | -1.57% | -763 bps | |
| Loan Growth (YoY) | 16.19% | 20.01% | 21.59% | 23.34% | 14.78% | 12.35% | 10.48% | 8.89% | -1,445 bps | |
| Deposit Growth (YoY) | 6.47% | 2.19% | 7.89% | 5.40% | 3.42% | -1.62% | 0.52% | -1.46% | -686 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.01% | 0.01% | 0.00% | 0.04% | 0.03% | 0.09% | -0.01% | -1 bps | |
| Allowance / Loans | 1.16% | 1.09% | 1.03% | 1.01% | 0.98% | 0.94% | 0.84% | 0.84% | -17 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 12.01% | 11.82% | 11.58% | 13.04% | 12.79% | 12.75% | 12.37% | 11.96% | -107 bps | |
| Equity / Assets | 6.18% | 6.08% | 6.01% | 7.05% | 6.65% | 7.17% | 7.18% | 7.13% | +8 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 54.25% | 55.53% | 58.21% | 60.21% | 60.21% | 63.42% | 63.97% | 66.54% | +633 bps | |
| Liquid Assets / Assets | 25.64% | 24.15% | 22.15% | 20.69% | 0.25% | 0.27% | 0.41% | 7.16% | -1,353 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |