Morris County Employees

Morristown, NJ · Charter 20912

Q2 2000

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2

Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2000, the quarter ended June 30, 2000, 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 · Charter 20912

Q2 2000

$5.8MAssets

$1.4MLoans

$4.8MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

1.88%-172 bps YoY

Net Interest Margin (YTD, annualized)

3.89%

Efficiency Ratio (YTD, annualized)

52.45%

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q2 1998	Q4 1998	Q2 1999	Q4 1999	Q2 2000	YoY Δ	Trend
Earnings
Return on Assets	3.59%	3.70%	2.33%	0.58%	1.88%	-172 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	3.41%	3.89%	n/a
Efficiency Ratio	n/a	n/a	n/a	69.68%	52.45%	n/a
Growth
Asset Growth (YoY)	9.11%	7.70%	12.09%	8.71%	11.00%	+189 bps
Loan Growth (YoY)	-20.37%	-32.62%	-34.20%	-37.42%	-32.67%	-1,230 bps
Share Growth (YoY)	6.70%	5.24%	11.78%	9.08%	11.30%	+459 bps
Asset Quality
Delinquent Loans / Loans	4.64%	7.49%	3.76%	5.03%	3.63%	-101 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	2.11%	2.18%	2.88%	3.31%	2.19%	+9 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Worth / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Shares	46.80%	44.34%	33.41%	32.79%	28.32%	-1,849 bps
Liquid Assets / Assets	35.79%	51.37%	58.69%	68.62%	57.95%	+2,216 bps