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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 ’124.00%Q4 ’123.81%Q4 ’13-1%+2%

Non-interest income vs. expense

2.81%Q1 ’122.69%Q4 ’122.96%Q4 ’13-5%+12%

Executive Summary

  • Earnings: ROA of 0.17%, up 468 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 0.26%.
  • Funding: loans stand at 79.53% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

0.17%+468 bps YoY

Net Interest Margin (quarter, annualized)

3.16%+7 bps YoY

Efficiency Ratio (quarter, annualized)

88.71%+691 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-4.51%0.05%0.09%0.32%0.17%+468 bps
Return on Equity-53.57%0.68%1.13%3.95%1.98%+5,555 bps
Net Interest Margin3.09%3.01%3.00%3.04%3.16%+7 bps
Efficiency Ratio81.80%87.74%87.97%83.61%88.71%+691 bps
Non-Interest Burden2.49%2.61%2.62%2.51%2.78%+29 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 / Loans1.03%0.13%0.31%0.39%0.26%-78 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