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Ocean City Home Bank

Ocean City, NJ · Cert 30273

FDIC · 11 branches

Q3 2016

$1.1BAssets
$796.3MLoans
$869.3MDeposits
$105.9MEquity
Loan mix
99%RE $761.3M1%C&I $7.3M0%Consumer $0.4MQ4 2014Q3 2016
Deposit mix
76%Interest-bearing $663.0M24%Noninterest $206.3MQ4 2014Q3 2016

Market Position · Atlantic City-Hammonton, NJ · 2016 SOD (annual) · 9.4% share · #5 of 16 inst. · $0.5B of $5.8B

9.4% Atlantic
9.2% Cape May

Executive Summary

  • Earnings: ROA of 0.66%, down 4 bps year over year; NIM at 2.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 9.47%, up 26 bps from a year ago.
  • Funding: loans stand at 91.60% of deposits as of Q3 2016.

Return on Assets (YTD, annualized)

0.66%-4 bps YoY

Net Interest Margin (YTD, annualized)

2.72%+1 bps YoY

Efficiency Ratio (YTD, annualized)

66.86%+186 bps YoY

Tier 1 Leverage Ratio

9.47%+26 bps YoY

NIM

3.43%Q3 ’143.30%Q3 ’153.28%Q3 ’16-2%+0%

Non-interest income vs. expense

2.11%Q3 ’142.02%Q3 ’152.06%Q3 ’16-6%+4%

Year to date, annualized, through each quarter.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets0.66%0.71%0.72%0.70%0.69%0.67%0.68%0.66%-4 bps
Return on Equity6.45%6.98%7.01%6.97%6.92%6.82%6.82%6.69%-29 bps
Net Interest Margin2.75%2.81%2.80%2.71%2.71%2.77%2.77%2.72%+1 bps
Efficiency Ratio66.39%65.41%64.72%65.00%65.47%66.13%66.18%66.86%+186 bps
Non-Interest Burden1.69%1.69%1.66%1.61%1.63%1.70%1.70%1.68%+7 bps
Growth
Asset Growth (YoY)0.69%0.95%0.84%2.86%2.00%2.28%2.47%2.79%-8 bps
Loan Growth (YoY)3.90%1.62%1.46%1.49%1.20%2.89%1.31%0.96%-53 bps
Deposit Growth (YoY)0.69%1.20%1.15%3.55%3.43%3.62%3.90%3.57%+1 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 / Loans0.06%0.27%0.18%0.19%0.16%0.06%0.06%0.06%-13 bps
Allowance / Loans0.48%0.44%0.43%0.40%0.41%0.40%0.41%0.42%+2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/a9.77%9.89%9.21%9.30%9.51%9.55%9.47%+26 bps
Total Risk-Based Capital19.41%19.77%19.73%18.20%18.52%18.69%18.99%19.23%+103 bps
Equity / Assets10.13%10.20%10.39%9.58%9.85%9.90%10.10%9.68%+9 bps
Liquidity & Funding
Loans / Deposits98.01%96.82%99.69%93.96%95.90%96.14%97.21%91.60%-236 bps
Liquid Assets / Assets7.12%7.84%5.56%10.08%7.78%8.22%7.38%12.61%+253 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a