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Hopewell Valley Community Bank

Pennington, NJ · Cert 34942

FDIC · 10 branches

Q4 2015

$508.3MAssets
$351.6MLoans
$454.9MDeposits
$47.8MEquity
Loan mix
92%RE $250.1M8%C&I $21.8M0%Consumer $0.8MQ4 2014Q4 2015
Deposit mix
79%Interest-bearing $361.4M21%Noninterest $93.5MQ4 2014Q4 2015

NIM

3.68%Q4 ’133.68%Q4 ’143.63%Q4 ’15+2%0%

Non-interest income vs. expense

3.33%Q4 ’132.66%Q4 ’142.65%Q4 ’15-22%+2%

Market Position · Trenton, NJ · 2015 SOD (annual) · 2.3% share · #12 of 25 inst. · $0.3B of $15.0B

2.3% Mercer
2.5% Hunterdon
0.0% Somerset

Executive Summary

  • Earnings: ROA of 0.42%, down 13 bps year over year; NIM at 3.26%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.50%.
  • Funding: loans stand at 77.31% of deposits as of Q4 2015.

Financial Results

Return on Assets (YTD, annualized)

0.42%-13 bps YoY

Net Interest Margin (YTD, annualized)

3.26%-2 bps YoY

Efficiency Ratio (YTD, annualized)

77.44%+159 bps YoY

Tier 1 Leverage Ratio

9.50%

Year to date, annualized, through each quarter.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015YoY ΔTrend
Earnings
Return on Assets0.54%0.53%0.49%0.49%0.42%-13 bps
Return on Equity5.74%5.60%5.14%5.22%4.41%-134 bps
Net Interest Margin3.28%3.37%3.31%3.30%3.26%-2 bps
Efficiency Ratio75.85%77.80%77.32%77.36%77.44%+159 bps
Non-Interest Burden2.43%2.58%2.52%2.51%2.49%+6 bps
Growth
Asset Growth (YoY)10.30%8.30%4.77%3.72%5.16%-514 bps
Loan Growth (YoY)8.54%7.93%7.59%5.39%2.02%-652 bps
Deposit Growth (YoY)10.98%8.71%4.72%3.48%5.32%-566 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%0.00%0.00%0.00%0.00%-6 bps
Allowance / Loans1.21%1.25%1.29%1.32%1.61%+40 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/a9.55%9.43%9.38%9.50%n/a
Total Risk-Based Capital13.70%13.68%13.56%13.81%14.28%+58 bps
Equity / Assets9.44%9.54%9.36%9.38%9.41%-3 bps
Liquidity & Funding
Loans / Deposits79.81%79.65%80.22%79.30%77.31%-250 bps
Liquid Assets / Assets14.14%14.38%14.21%15.87%18.55%+442 bps
CRE / Total Capitaln/an/an/an/an/an/an/a