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Letter portraitLegal landscapeQuarterYTD

First Savings Bank

Woodbridge, NJ · Cert 30255

FDIC

Q2 2004

$2.2BAssets
$1.2BLoans
$1.4BDeposits
$219.7MEquity
Deposit mix
93%Interest-bearing $1.3B7%Noninterest $0.1BQ3 2002Q2 2004

Executive Summary

  • Earnings: ROA of 1.05%, down 12 bps year over year; NIM at 2.68%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 86.78% of deposits as of Q2 2004.

Return on Assets (YTD, annualized)

1.05%-12 bps YoY

Net Interest Margin (YTD, annualized)

2.68%+18 bps YoY

Efficiency Ratio (YTD, annualized)

46.87%+474 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.66%Q2 ’024.88%Q2 ’034.74%Q2 ’04-9%+7%

Non-interest income vs. expense

1.17%Q2 ’021.21%Q2 ’031.43%Q2 ’04+6%+24%

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets1.23%1.21%1.19%1.16%1.15%0.89%1.26%1.05%-12 bps
Return on Equity13.03%12.88%13.30%12.96%12.71%9.66%12.62%10.44%-251 bps
Net Interest Margin2.76%2.71%2.56%2.50%2.52%2.54%2.71%2.68%+18 bps
Efficiency Ratio37.36%38.43%42.08%42.13%41.69%50.58%40.92%46.87%+474 bps
Non-Interest Burden0.88%0.91%0.95%0.92%0.91%1.12%0.98%1.14%+22 bps
Growth
Asset Growth (YoY)9.44%5.78%5.07%0.95%-0.03%-2.34%-5.07%-3.95%-490 bps
Loan Growth (YoY)1.55%-3.33%-2.87%-3.91%-2.94%0.78%0.62%-2.28%+163 bps
Deposit Growth (YoY)6.49%4.74%4.86%1.90%1.09%-3.54%-4.35%-3.04%-493 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.15%0.12%0.00%0.01%0.01%0.01%0.00%0.00%-1 bps
Allowance / Loans1.03%1.06%1.04%1.04%1.05%1.04%1.03%1.08%+4 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital18.92%19.03%17.87%18.63%19.03%19.43%20.05%20.67%+203 bps
Equity / Assets9.26%9.20%8.73%9.03%9.26%9.70%10.29%10.14%+111 bps
Liquidity & Funding
Loans / Deposits89.60%86.02%85.78%86.12%86.03%89.87%90.24%86.78%+67 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a