PackageTrendsPeer
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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 $0.8MQ2 2005Q1 2007
Deposit mix
91%Interest-bearing $381.2M9%Noninterest $35.7MQ2 2005Q1 2007

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.

Return on Assets (quarter, annualized)

0.35%-40 bps YoY

Net Interest Margin (quarter, annualized)

2.72%-47 bps YoY

Efficiency Ratio (quarter, annualized)

78.96%+1,648 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

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%

Discrete quarter, annualized.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets0.75%-0.71%0.70%0.74%0.68%0.55%0.54%0.35%-40 bps
Return on Equity10.50%-6.03%4.28%4.39%4.07%3.31%3.31%2.09%-230 bps
Net Interest Margin3.32%-2.45%3.16%3.19%3.26%3.05%2.78%2.72%-47 bps
Efficiency Ratio70.98%74.89%63.41%62.48%64.96%71.67%69.28%78.96%+1,648 bps
Non-Interest Burden2.26%-1.50%2.13%2.12%2.28%2.35%2.06%2.30%+18 bps
Growth
Asset Growth (YoY)10.53%26.27%17.07%19.51%7.01%-3.40%1.84%-3.47%-2,298 bps
Loan Growth (YoY)12.37%5.17%-0.50%2.33%-0.57%0.20%3.73%3.29%+97 bps
Deposit Growth (YoY)10.50%14.37%8.61%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%-0.01%0.00%0.11%0.02%0.04%0.07%-0.04%-14 bps
Allowance / Loans1.01%1.01%1.03%0.99%0.99%0.97%0.94%0.95%-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 Capital10.54%10.82%11.42%11.35%11.57%11.38%10.73%11.13%-22 bps
Equity / Assets6.91%15.96%17.00%16.84%16.67%16.47%16.17%17.06%+22 bps
Liquidity & Funding
Loans / Deposits64.38%63.79%66.85%68.64%67.97%70.44%77.41%75.66%+701 bps
Liquid Assets / Assets16.36%0.21%0.53%0.13%0.03%0.83%0.01%0.04%-9 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a