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Allaire Community Bank

Wall Township, NJ · Cert 34388

FDIC

Q2 2005

$200.4MAssets
$119.3MLoans
$180.8MDeposits
$17.4MEquity
Loan mix
69%RE $31.1M30%C&I $13.5M2%Consumer $0.7MQ2 2004Q2 2005
Deposit mix
75%Interest-bearing $136.0M25%Noninterest $44.8MQ2 2004Q2 2005

NIM

5.53%Q2 ’035.15%Q2 ’045.53%Q2 ’05-3%+5%

Non-interest income vs. expense

3.23%Q2 ’033.07%Q2 ’043.06%Q2 ’05-5%+0%

Executive Summary

  • Earnings: ROA of 1.05%, up 16 bps year over year; NIM at 4.42%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 66.01% of deposits as of Q2 2005.

Financial Results

Return on Assets (YTD, annualized)

1.05%+16 bps YoY

Net Interest Margin (YTD, annualized)

4.42%+20 bps YoY

Efficiency Ratio (YTD, annualized)

64.98%-285 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets0.89%0.89%0.90%1.00%1.05%+16 bps
Return on Equity12.07%12.00%11.96%12.38%12.69%+62 bps
Net Interest Margin4.22%4.12%4.26%4.34%4.42%+20 bps
Efficiency Ratio67.83%67.64%67.39%65.84%64.98%-285 bps
Non-Interest Burden2.77%2.69%2.77%2.76%2.77%0 bps
Growth
Asset Growth (YoY)21.94%17.91%10.34%4.31%-2.69%-2,463 bps
Loan Growth (YoY)15.13%14.01%10.28%6.00%1.41%-1,372 bps
Deposit Growth (YoY)22.74%18.98%7.88%-4.54%-4.94%-2,768 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.98%0.99%1.00%1.00%1.02%+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 Capital11.51%11.93%12.22%12.58%12.93%+142 bps
Equity / Assets6.77%7.54%7.89%8.25%8.70%+193 bps
Liquidity & Funding
Loans / Deposits61.88%62.66%70.98%74.04%66.01%+413 bps
Liquid Assets / Assets8.59%7.04%6.19%5.57%7.03%-156 bps
CRE / Total Capitaln/an/an/an/an/an/an/a