PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

GCF Bank

Sewell, NJ · Cert 28126

FDIC

Q4 2013

$289.4MAssets
$204.9MLoans
$257.6MDeposits
$24.9MEquity
Loan mix
89%RE $172.0M1%C&I $1.4M10%Consumer $19.8MQ4 2012Q4 2013
Deposit mix
97%Interest-bearing $248.6M3%Noninterest $9.0MQ4 2012Q4 2013

NIM

4.24%Q1 ’124.26%Q4 ’123.94%Q4 ’13+3%-2%

Non-interest income vs. expense

2.81%Q1 ’122.90%Q4 ’122.91%Q4 ’13+5%-1%

Executive Summary

  • Earnings: ROA of 0.16%, up 151 bps year over year; NIM at 3.16%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.28%.
  • Funding: loans stand at 79.53% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.16%+151 bps YoY

Net Interest Margin (YTD, annualized)

3.16%-6 bps YoY

Efficiency Ratio (YTD, annualized)

87.00%+98 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-1.35%0.05%0.07%0.15%0.16%+151 bps
Return on Equityn/a0.68%0.91%1.92%1.94%n/a
Net Interest Margin3.21%3.01%3.02%3.05%3.16%-6 bps
Efficiency Ratio86.02%87.74%87.86%86.44%87.00%+98 bps
Non-Interest Burden2.74%2.61%2.63%2.61%2.72%-2 bps
Growth
Asset Growth (YoY)-8.60%-8.19%-4.77%-4.09%-6.57%+204 bps
Loan Growth (YoY)-2.38%-4.72%-8.07%-4.66%-2.93%-56 bps
Deposit Growth (YoY)-7.04%-6.77%-2.82%-3.55%-7.55%-51 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.77%0.13%0.22%0.28%0.28%-49 bps
Allowance / Loans1.20%1.28%1.32%1.29%1.31%+11 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 Capital15.63%15.91%16.19%16.53%16.93%+130 bps
Equity / Assets7.92%7.98%8.03%8.26%8.59%+67 bps
Liquidity & Funding
Loans / Deposits75.75%75.56%75.59%76.93%79.53%+378 bps
Liquid Assets / Assets14.10%14.76%15.48%14.20%12.77%-133 bps
CRE / Total Capitaln/an/an/an/an/an/an/a