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Millington Savings Bank

Millington, NJ · Cert 30022

FDIC · 4 branches

Q2 2020

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: Q2 2020, the quarter ended June 30, 2020, 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

Millington Savings Bank

Millington, NJ · Cert 30022

FDIC · 4 branches

Q2 2020

$609.2MAssets
$535.7MLoans
$452.2MDeposits
$63.1MEquity
Loan mix
77%RE $280.4M23%C&I $85.4M0%Consumer $0.3MQ2 2019Q2 2020
Deposit mix
88%Interest-bearing $398.9M12%Noninterest $53.3MQ2 2019Q2 2020

NIM

3.92%Q2 ’184.29%Q2 ’193.99%Q2 ’20+1%-2%

Non-interest income vs. expense

2.02%Q2 ’182.23%Q2 ’192.11%Q2 ’20+12%-6%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2020 SOD (annual) · 0.0% share · #107 of 180 inst. · $0.5B of $2319.6B

1.3% Morris
0.7% Somerset

Executive Summary

  • Earnings: ROA of 0.67%, down 2 bps year over year; NIM at 3.01%.
  • Asset quality: problem loans at 0.81% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.46%, up 10 bps from a year ago.
  • Funding: loans stand at 118.46% of deposits as of Q2 2020.

Financial Results

Return on Assets (YTD, annualized)

0.67%-2 bps YoY

Net Interest Margin (YTD, annualized)

3.01%-7 bps YoY

Efficiency Ratio (YTD, annualized)

67.14%-248 bps YoY

Tier 1 Leverage Ratio

10.46%+10 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2019Q3 2019Q4 2019Q1 2020Q2 2020YoY ΔTrend
Earnings
Return on Assets0.69%0.74%0.77%0.55%0.67%-2 bps
Return on Equity6.54%7.01%7.33%5.25%6.40%-14 bps
Net Interest Margin3.07%3.02%3.02%3.03%3.01%-7 bps
Efficiency Ratio69.62%67.48%66.46%70.56%67.14%-248 bps
Non-Interest Burden2.10%1.99%1.95%2.09%1.97%-13 bps
Growth
Asset Growth (YoY)-3.28%0.14%1.46%5.69%4.76%+803 bps
Loan Growth (YoY)-2.99%2.48%1.14%6.83%7.17%+1,016 bps
Deposit Growth (YoY)-7.52%7.20%12.19%3.23%7.15%+1,467 bps
Asset Quality
Nonperforming Loans / Loans0.81%0.67%0.60%0.64%0.81%0 bps
Net Charge-Offs / Loans0.00%0.00%-0.01%0.01%0.00%0 bps
Allowance / Loans1.13%1.10%1.11%1.13%1.13%-1 bps
Allowance Coverage of NPLs1.4x1.6x1.8x1.8x1.4x0.0x
Capital
Tier 1 Leverage Ratio10.36%10.47%10.70%10.50%10.46%+10 bps
Total Risk-Based Capital12.41%12.56%12.51%12.39%12.69%+28 bps
Equity / Assets10.20%10.26%10.45%10.47%10.36%+16 bps
Liquidity & Funding
Loans / Deposits118.44%107.46%108.19%117.71%118.46%+2 bps
Liquid Assets / Assets9.12%8.46%8.78%7.32%6.56%-256 bps
CRE / Total Capitaln/an/an/an/an/an/an/a