Morristown, NJ · Cert 34974
FDIC
Q1 2005
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2005, the quarter ended March 31, 2005, 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.
Morristown, NJ · Cert 34974
FDIC
Q1 2005
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 2003 | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | Q3 2004 | Q4 2004 | Q1 2005 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.63% | 0.62% | 0.63% | 0.57% | 0.56% | 0.67% | 0.80% | 0.47% | -10 bps | |
| Return on Equity | 8.29% | 6.85% | 6.39% | 4.67% | 4.66% | 5.49% | 6.53% | 3.58% | -108 bps | |
| Net Interest Margin | 3.90% | 3.48% | 3.30% | 3.35% | 3.31% | 3.44% | 3.63% | 3.98% | +63 bps | |
| Efficiency Ratio | 71.11% | 73.31% | 73.11% | 77.68% | 74.94% | 74.13% | 72.14% | 85.58% | +790 bps | |
| Non-Interest Burden | 2.74% | 2.51% | 2.38% | 2.59% | 2.46% | 2.53% | 2.60% | 3.40% | +81 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 18.05% | 22.87% | 28.76% | 31.52% | 23.97% | 10.29% | 5.87% | -0.13% | -3,164 bps | |
| Loan Growth (YoY) | 17.40% | 14.84% | 18.42% | 13.38% | 21.15% | 16.57% | 13.14% | 13.36% | -3 bps | |
| Deposit Growth (YoY) | 13.76% | 10.19% | 16.15% | 20.82% | 13.90% | 6.63% | 4.18% | -6.54% | -2,736 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 | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.05% | 0.04% | 0.00% | 0 bps | |
| Allowance / Loans | 1.45% | 1.45% | 1.50% | 1.50% | 1.49% | 1.51% | 1.56% | 1.53% | +3 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 | 10.04% | 16.62% | 16.43% | 14.51% | 14.43% | 15.33% | 15.69% | 15.98% | +147 bps | |
| Equity / Assets | 7.32% | 12.80% | 12.63% | 11.85% | 11.85% | 12.25% | 12.73% | 13.32% | +147 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 105.58% | 104.53% | 107.17% | 104.17% | 112.30% | 114.27% | 116.38% | 126.35% | +2,217 bps | |
| Liquid Assets / Assets | 5.52% | 2.09% | 3.68% | 5.86% | 4.51% | 8.31% | 7.52% | 4.74% | -112 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |