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Community State Bank

Teaneck, NJ · Cert 34366

FDIC

Q2 2003

$139.6MAssets
$92.4MLoans
$122.7MDeposits
$12.0MEquity
Loan mix
67%RE $23.1M33%C&I $11.4M0%Consumer $0.1MQ2 2002Q2 2003
Deposit mix
87%Interest-bearing $106.2M13%Noninterest $16.4MQ2 2002Q2 2003

NIM

6.88%Q2 ’015.66%Q2 ’025.19%Q2 ’03-3%-1%

Non-interest income vs. expense

3.63%Q2 ’013.10%Q2 ’022.74%Q2 ’03-22%-22%

Executive Summary

  • Earnings: ROA of 0.86%, up 9 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 75.32% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

0.86%+9 bps YoY

Net Interest Margin (YTD, annualized)

3.45%-3 bps YoY

Efficiency Ratio (YTD, annualized)

64.45%-1,108 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.78%0.95%0.95%0.87%0.86%+9 bps
Return on Equity8.12%9.92%9.97%10.05%9.99%+187 bps
Net Interest Margin3.48%3.28%3.27%3.47%3.45%-3 bps
Efficiency Ratio75.54%73.53%73.65%63.37%64.45%-1,108 bps
Non-Interest Burden2.48%2.23%2.23%1.86%1.94%-54 bps
Growth
Asset Growth (YoY)39.39%31.93%20.52%36.10%15.15%-2,424 bps
Loan Growth (YoY)30.21%30.62%40.66%28.84%23.98%-623 bps
Deposit Growth (YoY)43.76%34.45%20.37%37.91%16.29%-2,747 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.07%0.04%0.02%+1 bps
Allowance / Loans1.11%1.03%0.92%0.94%0.94%-17 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 Capital15.17%14.27%13.32%12.58%13.21%-196 bps
Equity / Assets8.97%9.51%9.46%8.04%8.60%-37 bps
Liquidity & Funding
Loans / Deposits70.65%79.52%83.96%72.31%75.32%+467 bps
Liquid Assets / Assets11.06%7.33%5.55%14.12%6.18%-489 bps
CRE / Total Capitaln/an/an/an/an/an/an/a