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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 $83.8MQ4 2008Q3 2010

Executive Summary

  • Earnings: ROA of 0.61%, up 625 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.25%.
  • Funding: loans stand at 76.05% of deposits as of Q3 2010.

Return on Assets (YTD, annualized)

0.61%+625 bps YoY

Net Interest Margin (YTD, annualized)

3.27%+10 bps YoY

Efficiency Ratio (YTD, annualized)

74.07%-134 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.33%Q3 ’084.60%Q3 ’094.15%Q3 ’10-7%+3%

Non-interest income vs. expense

2.87%Q3 ’088.89%Q3 ’092.82%Q3 ’10+243%-72%

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets0.58%0.24%1-8.73%-5.64%-4.36%0.54%0.68%0.61%+625 bps
Return on Equity4.07%1.60%-65.46%-44.33%-35.40%4.96%6.21%5.58%+4,991 bps
Net Interest Margin3.25%3.24%2.97%3.17%3.15%3.32%3.35%3.27%+10 bps
Efficiency Ratio73.00%76.44%77.18%75.41%79.40%77.22%71.34%74.07%-134 bps
Non-Interest Burden2.36%2.49%11.04%8.50%7.11%2.56%2.30%2.36%-614 bps
Growth
Asset Growth (YoY)19.06%9.52%13.05%4.09%-3.60%-0.92%-4.34%2.09%-200 bps
Loan Growth (YoY)14.43%12.63%14.18%9.56%4.89%2.40%-3.70%-5.33%-1,488 bps
Deposit Growth (YoY)3.85%7.93%9.49%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.77%0.31%0.20%0.35%0.34%0.37%0.25%+5 bps
Allowance / Loans1.31%1.98%2.02%2.28%2.54%2.51%2.46%2.48%+20 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 Capital15.24%14.66%13.16%14.23%14.00%14.33%14.43%13.72%-51 bps
Equity / Assets14.70%15.20%10.19%10.86%10.65%10.93%11.17%11.01%+15 bps
Liquidity & Funding
Loans / Deposits86.29%84.04%84.63%82.68%81.02%81.24%77.99%76.05%-663 bps
Liquid Assets / Assets2.45%2.08%1.73%1.70%1.25%6.52%6.19%4.94%+324 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a