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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

5.63%Q2 ’035.23%Q2 ’045.65%Q2 ’05-3%+5%

Non-interest income vs. expense

3.34%Q2 ’033.21%Q2 ’043.07%Q2 ’05-2%-5%

Executive Summary

  • Earnings: ROA of 1.11%, up 31 bps year over year; NIM at 4.48%.
  • 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 (quarter, annualized)

1.11%+31 bps YoY

Net Interest Margin (quarter, annualized)

4.48%+19 bps YoY

Efficiency Ratio (quarter, annualized)

64.14%-567 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets0.80%0.88%0.91%1.00%1.11%+31 bps
Return on Equity11.06%12.24%11.77%12.38%13.08%+202 bps
Net Interest Margin4.29%4.34%4.48%4.34%4.48%+19 bps
Efficiency Ratio69.81%67.28%66.68%65.84%64.14%-567 bps
Non-Interest Burden2.90%2.82%2.88%2.76%2.77%-14 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