PackageTrendsPeer
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Bank of Gloucester County, The

Woodbury, NJ · Cert 27614

FDIC · 64 branches

Q1 2019

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: Q1 2019, the quarter ended March 31, 2019, 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

Bank of Gloucester County, The

Woodbury, NJ · Cert 27614

FDIC · 64 branches

Q1 2019

$4.2BAssets
$2.9BLoans
$3.6BDeposits
$532.4MEquity
Loan mix
74%RE $1.6B21%C&I $0.5B5%Consumer $0.1BQ1 2018Q1 2019
Deposit mix
74%Interest-bearing $2.7B26%Noninterest $0.9BQ1 2018Q1 2019

NIM

3.30%Q1 ’173.45%Q1 ’183.83%Q1 ’19+2%+5%

Non-interest income vs. expense

2.58%Q1 ’172.76%Q1 ’182.48%Q1 ’19+7%-10%

Market Position · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD · 2018 SOD (annual) · 0.3% share · #23 of 117 inst. · $1.5B of $486.3B

13.8% Gloucester
3.0% Somerset
1.5% Morris
33.8% Salem

Executive Summary

  • Earnings: ROA of 1.09%, down 2 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 0.94% of loans (-14 bps YoY), with net charge-offs at 0.09%.
  • Capital: tier 1 leverage ratio of 9.28%, up 9 bps from a year ago.
  • Funding: loans stand at 81.21% of deposits as of Q1 2019.

Financial Results

Return on Assets (YTD, annualized)

1.09%-2 bps YoY

Net Interest Margin (YTD, annualized)

3.40%+15 bps YoY

Efficiency Ratio (YTD, annualized)

62.01%-822 bps YoY

Tier 1 Leverage Ratio

9.28%+9 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2018Q2 2018Q3 2018Q4 2018Q1 2019YoY ΔTrend
Earnings
Return on Assets1.10%0.99%1.21%1.16%1.09%-2 bps
Return on Equity8.76%7.83%9.53%9.17%8.61%-15 bps
Net Interest Margin3.25%3.33%3.31%3.24%3.40%+15 bps
Efficiency Ratio70.23%68.63%67.34%66.60%62.01%-822 bps
Non-Interest Burden1.95%1.94%1.89%1.82%1.74%-20 bps
Growth
Asset Growth (YoY)4.19%0.67%2.29%3.01%6.48%+229 bps
Loan Growth (YoY)2.77%2.07%3.97%1.91%3.17%+40 bps
Deposit Growth (YoY)4.56%1.01%2.69%3.03%6.10%+154 bps
Asset Quality
Nonperforming Loans / Loans1.08%1.05%1.11%0.96%0.94%-14 bps
Net Charge-Offs / Loans0.07%0.06%0.02%0.12%0.09%+2 bps
Allowance / Loans1.67%1.68%1.45%1.40%1.43%-24 bps
Allowance Coverage of NPLs1.5x1.6x1.3x1.5x1.5x0.0x
Capital
Tier 1 Leverage Ratio9.18%9.44%9.55%9.35%9.28%+9 bps
Total Risk-Based Capital12.94%12.85%13.05%13.33%13.00%+7 bps
Equity / Assets12.73%12.84%12.56%12.67%12.56%-17 bps
Liquidity & Funding
Loans / Deposits83.52%84.67%82.94%81.40%81.21%-230 bps
Liquid Assets / Assets0.14%0.07%5.68%5.47%5.33%+519 bps
CRE / Total Capitaln/an/an/an/an/an/an/a