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1st Constitution Bank

Cranbury, NJ · Cert 27552

FDIC · 26 branches

Q4 2021

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 2021, the quarter ended December 31, 2021, 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

1st Constitution Bank

Cranbury, NJ · Cert 27552

FDIC · 26 branches

Q4 2021

$1.9BAssets
$1.1BLoans
$1.7BDeposits
$220.0MEquity
Loan mix
68%RE $563.6M32%C&I $267.7M0%Consumer $1.0MQ4 2020Q4 2021
Deposit mix
69%Interest-bearing $1.1B31%Noninterest $0.5BQ4 2020Q4 2021

NIM

4.09%Q4 ’193.77%Q4 ’203.34%Q4 ’21-1%-6%

Non-interest income vs. expense

2.40%Q4 ’192.26%Q4 ’202.23%Q4 ’21-20%+1%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2021 SOD (annual) · 0.1% share · #67 of 173 inst. · $1.4B of $2606.2B

1.0% Middlesex
1.5% Ocean
1.0% Monmouth
1.3% Somerset

Executive Summary

  • Earnings: ROA of 1.12%, up 4 bps year over year; NIM at 3.13%.
  • Asset quality: problem loans at 1.04% of loans (-17 bps YoY), with net charge-offs at 0.09%.
  • Capital: tier 1 leverage ratio of 9.75%, up 35 bps from a year ago.
  • Funding: loans stand at 68.11% of deposits as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

1.12%+4 bps YoY

Net Interest Margin (YTD, annualized)

3.13%-19 bps YoY

Efficiency Ratio (YTD, annualized)

57.96%+228 bps YoY

Tier 1 Leverage Ratio

9.75%+35 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets1.07%1.11%1.13%1.15%1.12%+4 bps
Return on Equity9.41%9.64%9.76%9.91%9.65%+24 bps
Net Interest Margin3.32%3.45%3.39%3.29%3.13%-19 bps
Efficiency Ratio55.67%56.15%56.40%56.49%57.96%+228 bps
Non-Interest Burden1.48%1.55%1.53%1.50%1.50%+2 bps
Growth
Asset Growth (YoY)13.91%12.13%2.77%3.61%5.36%-855 bps
Loan Growth (YoY)19.77%6.60%-9.15%-18.78%-22.80%-4,257 bps
Deposit Growth (YoY)22.32%20.26%9.69%8.44%6.11%-1,621 bps
Asset Quality
Nonperforming Loans / Loans1.21%1.20%1.01%1.02%1.04%-17 bps
Net Charge-Offs / Loans0.02%0.00%0.12%0.12%0.09%+7 bps
Allowance / Loans1.07%1.30%1.36%1.42%1.48%+41 bps
Allowance Coverage of NPLs0.9x1.1x1.4x1.4x1.4x+0.5x
Capital
Tier 1 Leverage Ratio9.40%9.63%9.96%9.94%9.75%+35 bps
Total Risk-Based Capital12.15%13.37%14.01%14.31%14.45%+230 bps
Equity / Assets11.37%11.58%11.93%11.40%11.56%+19 bps
Liquidity & Funding
Loans / Deposits93.62%83.93%80.28%73.53%68.11%-2,551 bps
Liquid Assets / Assets6.14%14.06%16.51%20.12%22.49%+1,635 bps
CRE / Total Capitaln/an/an/an/an/an/an/a