PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Great Falls Bank

Totowa, NJ · Cert 26480

FDIC

Q2 2008

$961.6MAssets
$811.0MLoans
$715.8MDeposits
$92.7MEquity
Loan mix
91%RE $355.7M9%C&I $37.1M0%Consumer $0.1MQ2 2007Q2 2008
Deposit mix
76%Interest-bearing $547.5M24%Noninterest $168.3MQ2 2007Q2 2008

NIM

6.09%Q2 ’066.25%Q2 ’075.85%Q2 ’08-12%+5%

Non-interest income vs. expense

2.76%Q2 ’062.33%Q2 ’072.76%Q2 ’08-15%+26%

Executive Summary

  • Earnings: ROA of 0.51%, down 106 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 113.29% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

0.51%-106 bps YoY

Net Interest Margin (quarter, annualized)

3.58%+18 bps YoY

Efficiency Ratio (quarter, annualized)

67.23%+854 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.57%0.91%0.72%0.87%0.51%-106 bps
Return on Equity17.08%9.68%7.58%9.16%5.39%-1,169 bps
Net Interest Margin3.40%3.42%3.49%3.51%3.58%+18 bps
Efficiency Ratio58.69%60.83%63.78%64.62%67.23%+854 bps
Non-Interest Burden1.77%1.83%2.02%2.06%2.24%+47 bps
Growth
Asset Growth (YoY)10.05%9.46%2.98%2.51%-0.47%-1,052 bps
Loan Growth (YoY)9.83%12.81%11.26%8.28%6.39%-344 bps
Deposit Growth (YoY)9.39%7.19%3.09%-1.24%-6.15%-1,553 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.18%0.00%0.09%0.02%+2 bps
Allowance / Loans1.39%1.37%1.39%1.40%1.41%+2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital11.29%11.15%11.22%11.07%11.18%-10 bps
Equity / Assets9.35%9.42%9.64%9.43%9.64%+29 bps
Liquidity & Funding
Loans / Deposits99.94%104.19%106.85%107.86%113.29%+1,335 bps
Liquid Assets / Assets3.67%2.65%1.82%1.65%1.55%-212 bps
CRE / Total Capitaln/an/an/an/an/an/an/a