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Monmouth Community Bank

Long Branch, NJ · Cert 34612

FDIC

Q3 2010

$590.5MAssets
$360.0MLoans
$473.3MDeposits
$65.0MEquity
Deposit mix
82%Interest-bearing $389.5M18%Noninterest $83.8MQ3 2009Q3 2010

NIM

5.48%Q3 ’084.54%Q3 ’094.12%Q3 ’10-13%+0%

Non-interest income vs. expense

2.94%Q3 ’082.78%Q3 ’092.96%Q3 ’10-12%+13%

Executive Summary

  • Earnings: ROA of 0.48%, down 17 bps year over year; NIM at 3.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 76.05% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

0.48%-17 bps YoY

Net Interest Margin (quarter, annualized)

3.25%0 bps YoY

Efficiency Ratio (quarter, annualized)

79.75%+760 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets0.65%1-0.46%0.54%0.82%0.48%-17 bps
Return on Equity6.14%-4.27%4.96%7.45%4.32%-181 bps
Net Interest Margin3.25%3.07%3.32%3.40%3.25%0 bps
Efficiency Ratio72.15%92.08%77.22%66.30%79.75%+760 bps
Non-Interest Burden2.27%2.87%2.56%2.06%2.58%+30 bps
Growth
Asset Growth (YoY)4.09%-3.60%-0.92%-4.34%2.09%-200 bps
Loan Growth (YoY)9.56%4.89%2.40%-3.70%-5.33%-1,488 bps
Deposit Growth (YoY)13.18%11.71%5.94%4.50%2.93%-1,024 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.81%0.34%0.40%-0.01%+1 bps
Allowance / Loans2.28%2.54%2.51%2.46%2.48%+20 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 Capital14.23%14.00%14.33%14.43%13.72%-51 bps
Equity / Assets10.86%10.65%10.93%11.17%11.01%+15 bps
Liquidity & Funding
Loans / Deposits82.68%81.02%81.24%77.99%76.05%-663 bps
Liquid Assets / Assets1.70%1.25%6.52%6.19%4.94%+324 bps
CRE / Total Capitaln/an/an/an/an/an/an/a