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Letter portraitLegal landscapeQuarterYTD

Towne Center Bank, The

Lodi, NJ · Cert 35240

FDIC

Q3 2004

$45.6MAssets
$41.9MLoans
$30.1MDeposits
$9.2MEquity
Loan mix
66%RE $11.2M34%C&I $5.6M0%Consumer $0.0MQ3 2003Q3 2004
Deposit mix
66%Interest-bearing $19.9M34%Noninterest $10.2MQ3 2003Q3 2004

NIM

5.96%Q3 ’026.49%Q3 ’036.48%Q3 ’04+23%+11%

Non-interest income vs. expense

4.16%Q3 ’024.37%Q3 ’034.42%Q3 ’04+1%+10%

Executive Summary

  • Earnings: ROA of 0.83%, up 11 bps year over year; NIM at 5.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 139.55% of deposits as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

0.83%+11 bps YoY

Net Interest Margin (YTD, annualized)

5.69%+56 bps YoY

Efficiency Ratio (YTD, annualized)

74.34%-209 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets0.72%0.77%0.72%0.88%0.83%+11 bps
Return on Equity3.76%4.04%3.70%4.51%4.20%+44 bps
Net Interest Margin5.13%5.36%5.71%5.70%5.69%+56 bps
Efficiency Ratio76.43%76.63%76.54%72.18%74.34%-209 bps
Non-Interest Burden3.79%4.01%4.32%4.06%4.16%+38 bps
Growth
Asset Growth (YoY)4.58%8.05%-3.97%0.23%-1.28%-585 bps
Loan Growth (YoY)8.96%10.00%3.65%5.34%5.41%-355 bps
Deposit Growth (YoY)5.17%1.45%-15.70%-21.33%-18.87%-2,404 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.12%1.05%1.12%1.16%1.18%+6 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 Capital25.73%24.36%24.66%24.52%24.78%-94 bps
Equity / Assets19.08%19.13%19.67%19.86%20.19%+112 bps
Liquidity & Funding
Loans / Deposits107.40%121.58%127.09%144.29%139.55%+3,214 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a