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Letter portraitLegal landscapeQuarterYTD

Bank of the Somerset Hills, The

Bernardsville, NJ · Cert 34720

FDIC

Q1 2013

$355.5MAssets
$247.6MLoans
$308.1MDeposits
$40.8MEquity
Loan mix
91%RE $172.4M9%C&I $16.7M0%Consumer $0.5MQ1 2012Q1 2013
Deposit mix
73%Interest-bearing $224.7M27%Noninterest $83.4MQ1 2012Q1 2013

NIM

4.19%Q1 ’113.94%Q1 ’123.35%Q1 ’13-2%-13%

Non-interest income vs. expense

2.93%Q1 ’112.60%Q1 ’122.81%Q1 ’13-19%+13%

Executive Summary

  • Earnings: ROA of 0.47%, down 49 bps year over year; NIM at 3.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 80.37% of deposits as of Q1 2013.

Financial Results

Return on Assets (YTD, annualized)

0.47%-49 bps YoY

Net Interest Margin (YTD, annualized)

3.09%-45 bps YoY

Efficiency Ratio (YTD, annualized)

76.51%+1,399 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets0.95%1.00%0.98%0.97%0.47%-49 bps
Return on Equity8.83%9.15%8.88%8.78%4.15%-468 bps
Net Interest Margin3.54%3.50%3.42%3.25%3.09%-45 bps
Efficiency Ratio62.52%61.94%61.86%64.12%76.51%+1,399 bps
Non-Interest Burden1.98%1.93%1.87%1.86%2.23%+25 bps
Growth
Asset Growth (YoY)6.12%4.57%2.12%1.32%3.54%-258 bps
Loan Growth (YoY)5.76%6.99%1.87%5.72%6.30%+54 bps
Deposit Growth (YoY)7.31%5.30%1.34%1.22%4.09%-321 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.10%0.05%0.03%0.05%-0.01%-11 bps
Allowance / Loans1.29%1.28%1.32%1.27%1.29%0 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 Capital15.33%15.67%16.22%16.30%16.23%+89 bps
Equity / Assets11.24%11.16%11.46%11.07%11.46%+23 bps
Liquidity & Funding
Loans / Deposits78.70%78.97%79.64%77.48%80.37%+167 bps
Liquid Assets / Assets13.96%16.78%17.62%23.01%21.27%+731 bps
CRE / Total Capitaln/an/an/an/an/an/an/a