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Bridge View Bank

Englewood Cliffs, NJ · Cert 32869

FDIC

Q1 2003

$301.1MAssets
$186.1MLoans
$269.5MDeposits
$30.3MEquity
Loan mix
68%RE $61.5M31%C&I $27.9M1%Consumer $0.8MQ1 2002Q1 2003
Deposit mix
59%Interest-bearing $160.1M41%Noninterest $109.4MQ1 2002Q1 2003

NIM

6.85%Q1 ’015.75%Q1 ’025.10%Q1 ’03+4%-13%

Non-interest income vs. expense

2.84%Q1 ’013.05%Q1 ’022.98%Q1 ’03+5%0%

Executive Summary

  • Earnings: ROA of 1.27%, down 43 bps year over year; NIM at 4.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 69.04% of deposits as of Q1 2003.

Financial Results

Return on Assets (YTD, annualized)

1.27%-43 bps YoY

Net Interest Margin (YTD, annualized)

4.43%-63 bps YoY

Efficiency Ratio (YTD, annualized)

58.43%+581 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets1.70%1.67%1.50%1.29%1.27%-43 bps
Return on Equity15.26%15.07%13.71%11.97%12.46%-279 bps
Net Interest Margin5.07%4.91%4.80%4.58%4.43%-63 bps
Efficiency Ratio52.62%54.57%55.23%59.97%58.43%+581 bps
Non-Interest Burden2.32%2.36%2.34%2.45%2.31%-1 bps
Growth
Asset Growth (YoY)7.94%11.42%19.32%18.53%20.50%+1,256 bps
Loan Growth (YoY)23.27%26.06%28.57%26.38%14.30%-897 bps
Deposit Growth (YoY)8.40%12.36%21.89%19.76%21.74%+1,333 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.30%0.20%0.14%-0.01%-1 bps
Allowance / Loans1.02%0.91%0.95%1.00%1.04%+2 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 Capital16.73%16.46%16.15%15.42%15.93%-80 bps
Equity / Assets10.97%10.90%10.55%10.32%10.06%-91 bps
Liquidity & Funding
Loans / Deposits73.54%74.17%72.60%75.97%69.04%-449 bps
Liquid Assets / Assets5.45%4.43%2.06%1.03%1.01%-444 bps
CRE / Total Capitaln/an/an/an/an/an/an/a