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First Bank of Central Jersey

North Brunswick, NJ · Cert 34690

FDIC

Q4 2002

$54.9MAssets
$23.0MLoans
$52.9MDeposits
$1.7MEquity
Deposit mix
91%Interest-bearing $48.1M9%Noninterest $4.8MQ4 2001Q4 2002

NIM

7.77%Q1 ’017.39%Q4 ’016.50%Q4 ’02+8%+5%

Non-interest income vs. expense

3.80%Q1 ’014.13%Q4 ’015.24%Q4 ’02+65%+38%

Executive Summary

  • Earnings: ROA of -1.41%, up 512 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 10.07%.
  • Funding: loans stand at 43.56% of deposits as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

-1.41%+512 bps YoY

Net Interest Margin (YTD, annualized)

3.44%+17 bps YoY

Efficiency Ratio (YTD, annualized)

143.77%+3,386 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets-6.52%-0.54%-1.15%-1.07%-1.41%+512 bps
Return on Equityn/a-15.61%-32.96%-30.34%-40.85%n/a
Net Interest Margin3.27%3.71%3.56%3.50%3.44%+17 bps
Efficiency Ratio109.91%113.95%132.20%134.45%143.77%+3,386 bps
Non-Interest Burden3.64%4.24%4.68%4.77%5.03%+139 bps
Growth
Asset Growth (YoY)-0.40%-5.14%-7.73%-11.41%-11.68%-1,128 bps
Loan Growth (YoY)18.40%7.27%-37.35%-42.33%-51.18%-6,959 bps
Deposit Growth (YoY)8.73%3.95%-0.24%-6.88%-11.29%-2,001 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.69%3.73%8.31%10.41%10.07%+738 bps
Allowance / Loans6.72%6.27%7.23%3.99%3.70%-302 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 Capital6.11%6.27%7.27%6.58%6.24%+13 bps
Equity / Assets3.55%3.40%3.53%3.57%3.15%-40 bps
Liquidity & Funding
Loans / Deposits79.16%76.09%50.48%49.11%43.56%-3,560 bps
Liquid Assets / Assets8.86%8.13%20.54%22.82%21.60%+1,274 bps
CRE / Total Capitaln/an/an/an/an/an/an/a