Bernardsville, NJ · Cert 34720
FDIC
Q1 2013
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2013, the quarter ended March 31, 2013, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Bernardsville, NJ · Cert 34720
FDIC
Q1 2013
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q2 2011 | Q3 2011 | Q4 2011 | Q1 2012 | Q2 2012 | Q3 2012 | Q4 2012 | Q1 2013 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.76% | 0.80% | 0.84% | 0.95% | 1.00% | 0.98% | 0.97% | 0.47% | -49 bps | |
| Return on Equity | 7.12% | 7.49% | 7.87% | 8.83% | 9.15% | 8.88% | 8.78% | 4.15% | -468 bps | |
| Net Interest Margin | 3.49% | 3.42% | 3.25% | 3.54% | 3.50% | 3.42% | 3.25% | 3.09% | -45 bps | |
| Efficiency Ratio | 69.94% | 70.73% | 68.79% | 62.52% | 61.94% | 61.86% | 64.12% | 76.51% | +1,399 bps | |
| Non-Interest Burden | 2.30% | 2.25% | 2.07% | 1.98% | 1.93% | 1.87% | 1.86% | 2.23% | +25 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 6.89% | 6.52% | 10.79% | 6.12% | 4.57% | 2.12% | 1.32% | 3.54% | -258 bps | |
| Loan Growth (YoY) | 7.42% | 10.43% | 12.42% | 5.76% | 6.99% | 1.87% | 5.72% | 6.30% | +54 bps | |
| Deposit Growth (YoY) | 7.15% | 7.99% | 12.85% | 7.31% | 5.30% | 1.34% | 1.22% | 4.09% | -321 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | -0.01% | 0.06% | 0.05% | 0.10% | 0.05% | 0.03% | 0.05% | -0.01% | -11 bps | |
| Allowance / Loans | 1.33% | 1.26% | 1.27% | 1.29% | 1.28% | 1.32% | 1.27% | 1.29% | 0 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 15.00% | 14.70% | 15.03% | 15.33% | 15.67% | 16.22% | 16.30% | 16.23% | +89 bps | |
| Equity / Assets | 10.71% | 10.77% | 10.39% | 11.24% | 11.16% | 11.46% | 11.07% | 11.46% | +23 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 77.72% | 79.22% | 74.18% | 78.70% | 78.97% | 79.64% | 77.48% | 80.37% | +167 bps | |
| Liquid Assets / Assets | 16.97% | 14.37% | 18.19% | 13.96% | 16.78% | 17.62% | 23.01% | 21.27% | +731 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |