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Somerset Valley Bank

Somerville, NJ · Cert 33540

FDIC

Q1 2007

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 2007, the quarter ended March 31, 2007, 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

Somerset Valley Bank

Somerville, NJ · Cert 33540

FDIC

Q1 2007

$549.5MAssets
$315.4MLoans
$416.9MDeposits
$93.8MEquity
Loan mix
85%RE $187.1M15%C&I $32.2M0%Consumer $0.8MQ1 2006Q1 2007
Deposit mix
91%Interest-bearing $381.2M9%Noninterest $35.7MQ1 2006Q1 2007

NIM

4.84%Q1 ’055.06%Q1 ’065.37%Q1 ’07-5%-15%

Non-interest income vs. expense

2.61%Q1 ’052.43%Q1 ’062.60%Q1 ’07-6%+8%

Executive Summary

  • Earnings: ROA of 0.35%, down 40 bps year over year; NIM at 2.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
  • Funding: loans stand at 75.66% of deposits as of Q1 2007.

Financial Results

Return on Assets (YTD, annualized)

0.35%-40 bps YoY

Net Interest Margin (YTD, annualized)

2.72%-47 bps YoY

Efficiency Ratio (YTD, annualized)

78.96%+1,648 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets0.74%0.71%0.66%0.63%0.35%-40 bps
Return on Equity4.39%4.24%3.93%3.78%2.09%-230 bps
Net Interest Margin3.19%3.23%3.16%3.06%2.72%-47 bps
Efficiency Ratio62.48%63.72%66.30%66.99%78.96%+1,648 bps
Non-Interest Burden2.12%2.20%2.24%2.19%2.30%+18 bps
Growth
Asset Growth (YoY)19.51%7.01%-3.40%1.84%-3.47%-2,298 bps
Loan Growth (YoY)2.33%-0.57%0.20%3.73%3.29%+97 bps
Deposit Growth (YoY)6.89%-5.83%-9.26%-10.43%-6.28%-1,317 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.06%0.05%0.06%-0.04%-14 bps
Allowance / Loans0.99%0.99%0.97%0.94%0.95%-4 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 Capital11.35%11.57%11.38%10.73%11.13%-22 bps
Equity / Assets16.84%16.67%16.47%16.17%17.06%+22 bps
Liquidity & Funding
Loans / Deposits68.64%67.97%70.44%77.41%75.66%+701 bps
Liquid Assets / Assets0.13%0.03%0.83%0.01%0.04%-9 bps
CRE / Total Capitaln/an/an/an/an/an/an/a