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Sun National Bank

Vineland, NJ · Cert 26240

FDIC · 31 branches

Q4 2017

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: Q4 2017, the quarter ended December 31, 2017, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Sun National Bank

Vineland, NJ · Cert 26240

FDIC · 31 branches

Q4 2017

$2.1BAssets
$1.6BLoans
$1.7BDeposits
$378.8MEquity
Loan mix
82%RE $970.9M18%C&I $207.3M0%Consumer $0.8MQ4 2016Q4 2017
Deposit mix
75%Interest-bearing $1.3B25%Noninterest $0.4BQ4 2016Q4 2017

NIM

3.07%Q4 ’153.17%Q4 ’163.41%Q4 ’17+4%+8%

Non-interest income vs. expense

3.50%Q4 ’152.95%Q4 ’162.98%Q4 ’17+0%+3%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2017 SOD (annual) · 0.0% share · #97 of 210 inst. · $0.6B of $1816.5B

5.2% Atlantic
1.1% Monmouth
2.4% Burlington
7.8% Cumberland

Executive Summary

  • Earnings: ROA of 0.63%, down 223 bps year over year; NIM at 3.12%.
  • Asset quality: problem loans at 0.23% of loans (+23 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 14.55%, up 5 bps from a year ago.
  • Funding: loans stand at 94.83% of deposits as of Q4 2017.

Financial Results

Return on Assets (YTD, annualized)

0.63%-223 bps YoY

Net Interest Margin (YTD, annualized)

3.12%+23 bps YoY

Efficiency Ratio (YTD, annualized)

84.02%-332 bps YoY

Tier 1 Leverage Ratio

14.55%+5 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2016Q1 2017Q2 2017Q3 2017Q4 2017YoY ΔTrend
Earnings
Return on Assets2.86%0.33%0.34%0.42%0.63%-223 bps
Return on Equity18.92%2.02%2.04%2.55%3.76%-1,517 bps
Net Interest Margin2.89%2.86%2.92%3.02%3.12%+23 bps
Efficiency Ratio87.34%84.99%85.40%81.98%84.02%-332 bps
Non-Interest Burden2.37%2.26%2.33%2.29%2.44%+7 bps
Growth
Asset Growth (YoY)2.42%4.09%1.51%-0.80%-5.15%-758 bps
Loan Growth (YoY)3.97%2.06%1.54%1.34%-2.15%-612 bps
Deposit Growth (YoY)-0.28%3.17%0.30%-2.84%-6.06%-578 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.25%0.28%0.27%0.23%+23 bps
Net Charge-Offs / Loans0.05%-0.04%-0.03%0.00%0.00%-5 bps
Allowance / Loans0.97%0.98%0.94%0.92%0.89%-7 bps
Allowance Coverage of NPLsn/a3.9x3.4x3.4x3.9xn/a
Capital
Tier 1 Leverage Ratio14.50%13.43%13.64%14.16%14.55%+5 bps
Total Risk-Based Capital19.85%18.82%19.27%19.59%19.84%0 bps
Equity / Assets16.81%16.09%16.49%17.05%17.68%+86 bps
Liquidity & Funding
Loans / Deposits91.04%90.10%90.97%93.70%94.83%+379 bps
Liquid Assets / Assets5.08%4.81%4.78%3.39%3.17%-191 bps
CRE / Total Capitaln/an/an/an/an/an/an/a