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Advantage Bank

Branchburg, NJ · Cert 34939

FDIC

Q4 2005

$168.1MAssets
$125.8MLoans
$152.1MDeposits
$14.4MEquity
Loan mix
61%RE $29.5M39%C&I $19.2M0%Consumer $0.1MQ4 2004Q4 2005
Deposit mix
80%Interest-bearing $121.7M20%Noninterest $30.4MQ4 2004Q4 2005

NIM

5.19%Q4 ’035.18%Q4 ’045.65%Q4 ’05-1%-9%

Non-interest income vs. expense

3.15%Q4 ’032.96%Q4 ’042.72%Q4 ’05-3%-4%

Executive Summary

  • Earnings: ROA of 0.41%, down 32 bps year over year; NIM at 3.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.27%.
  • Funding: loans stand at 82.71% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

0.41%-32 bps YoY

Net Interest Margin (quarter, annualized)

3.57%-36 bps YoY

Efficiency Ratio (quarter, annualized)

73.11%+298 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets0.73%0.46%0.49%0.52%0.41%-32 bps
Return on Equity8.05%5.13%5.76%6.28%4.86%-319 bps
Net Interest Margin3.94%3.75%3.57%3.59%3.57%-36 bps
Efficiency Ratio70.13%77.98%75.91%73.74%73.11%+298 bps
Non-Interest Burden2.68%2.86%2.67%2.59%2.57%-10 bps
Growth
Asset Growth (YoY)14.52%14.52%21.67%15.16%14.48%-4 bps
Loan Growth (YoY)16.10%17.75%13.45%15.43%14.73%-137 bps
Deposit Growth (YoY)15.29%15.56%23.13%15.98%14.52%-78 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%-0.01%0.00%0.01%0.27%+24 bps
Allowance / Loans1.00%1.00%1.00%1.00%1.01%+1 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 Capital12.70%12.54%12.22%12.11%12.16%-54 bps
Equity / Assets9.23%8.78%8.38%8.29%8.57%-66 bps
Liquidity & Funding
Loans / Deposits82.56%81.08%77.25%78.12%82.71%+15 bps
Liquid Assets / Assets14.16%12.53%14.49%15.09%14.87%+70 bps
CRE / Total Capitaln/an/an/an/an/an/an/a