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Rock Community Bank

Glen Rock, NJ · Cert 34981

FDIC

Q4 2005

$73.5MAssets
$21.6MLoans
$67.9MDeposits
$5.3MEquity
Loan mix
89%RE $14.4M11%C&I $1.8M0%Consumer $0.0MQ4 2004Q4 2005
Deposit mix
86%Interest-bearing $58.2M14%Noninterest $9.7MQ4 2004Q4 2005

NIM

4.82%Q4 ’034.91%Q4 ’044.63%Q4 ’05+3%-44%

Non-interest income vs. expense

2.75%Q4 ’031.90%Q4 ’041.35%Q4 ’05-36%-28%

Executive Summary

  • Earnings: ROA of 0.77%, down 100 bps year over year; NIM at 2.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 31.77% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

0.77%-100 bps YoY

Net Interest Margin (quarter, annualized)

2.24%-179 bps YoY

Efficiency Ratio (quarter, annualized)

56.51%+1,197 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.77%0.87%0.58%0.69%0.77%-100 bps
Return on Equity11.48%6.09%5.08%6.49%8.80%-268 bps
Net Interest Margin4.04%3.91%2.92%2.71%2.24%-179 bps
Efficiency Ratio44.54%55.84%67.25%59.59%56.51%+1,197 bps
Non-Interest Burden1.68%2.12%1.91%1.55%1.21%-47 bps
Growth
Asset Growth (YoY)-7.73%19.63%43.92%32.50%111.58%+11,931 bps
Loan Growth (YoY)-9.20%-8.49%-11.41%-18.31%-16.85%-765 bps
Deposit Growth (YoY)-18.03%9.61%75.77%81.33%194.17%+21,220 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.00%-0.02%0.00%0.00%+2 bps
Allowance / Loans2.09%2.21%2.28%2.35%2.59%+50 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 Capital20.87%20.51%19.47%21.33%19.20%-168 bps
Equity / Assets15.78%13.18%10.08%11.10%7.25%-853 bps
Liquidity & Funding
Loans / Deposits112.38%77.76%53.62%57.36%31.77%-8,062 bps
Liquid Assets / Assets7.35%7.56%5.66%6.24%3.62%-373 bps
CRE / Total Capitaln/an/an/an/an/an/an/a