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Metuchen Savings Bank

Metuchen, NJ · Cert 30099

FDIC · 2 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

Metuchen Savings Bank

Metuchen, NJ · Cert 30099

FDIC · 2 branches

Q1 2019

$256.9MAssets
$180.7MLoans
$224.5MDeposits
$29.6MEquity
Loan mix
93%RE $102.7M7%C&I $7.7M0%Consumer $0.0MQ1 2018Q1 2019
Deposit mix
91%Interest-bearing $204.2M9%Noninterest $20.3MQ1 2018Q1 2019

NIM

2.83%Q1 ’173.25%Q1 ’184.40%Q1 ’19+17%+28%

Non-interest income vs. expense

2.50%Q1 ’172.63%Q1 ’183.24%Q1 ’19+2%+29%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2018 SOD (annual) · 0.0% share · #145 of 201 inst. · $0.2B of $1824.0B

Executive Summary

  • Earnings: ROA of 0.25%, down 5 bps year over year; NIM at 3.67%.
  • Asset quality: problem loans at 0.25% of loans (+8 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.48%, down 66 bps from a year ago.
  • Funding: loans stand at 80.49% of deposits as of Q1 2019.

Financial Results

Return on Assets (YTD, annualized)

0.25%-5 bps YoY

Net Interest Margin (YTD, annualized)

3.67%+79 bps YoY

Efficiency Ratio (YTD, annualized)

77.01%-789 bps YoY

Tier 1 Leverage Ratio

10.48%-66 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2018Q2 2018Q3 2018Q4 2018Q1 2019YoY ΔTrend
Earnings
Return on Assets0.30%0.23%0.22%0.15%0.25%-5 bps
Return on Equity2.88%2.21%2.06%1.38%2.14%-74 bps
Net Interest Margin2.88%2.89%2.98%0.72%3.67%+79 bps
Efficiency Ratio84.90%88.37%87.92%68.73%77.01%-789 bps
Non-Interest Burden2.41%2.53%2.59%0.54%3.10%+69 bps
Growth
Asset Growth (YoY)-2.00%-3.00%-5.62%-4.70%-0.80%+119 bps
Loan Growth (YoY)11.59%14.09%16.01%11.85%9.34%-226 bps
Deposit Growth (YoY)-1.63%-2.87%-6.03%-5.75%-1.58%+5 bps
Asset Quality
Nonperforming Loans / Loans0.17%0.35%0.34%0.26%0.25%+8 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.77%0.77%0.77%0.01%0.05%-72 bps
Allowance Coverage of NPLs4.5x2.2x2.3x0.0x0.2x-4.3x
Capital
Tier 1 Leverage Ratio11.14%11.23%11.58%10.59%10.48%-66 bps
Total Risk-Based Capital20.88%20.47%20.13%16.84%16.30%-458 bps
Equity / Assets10.26%10.50%10.82%11.91%11.52%+126 bps
Liquidity & Funding
Loans / Deposits72.45%76.15%81.16%82.78%80.49%+803 bps
Liquid Assets / Assets4.54%3.73%3.60%18.13%17.32%+1,278 bps
CRE / Total Capitaln/an/an/an/an/an/an/a