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Letter portraitLegal landscapeQuarterYTD

Allegiance Community Bank

South Orange, NJ · Cert 35265

FDIC

Q3 2011

$130.6MAssets
$87.3MLoans
$108.7MDeposits
$7.6MEquity
Loan mix
95%RE $56.9M5%C&I $3.1M0%Consumer $0.1MQ3 2010Q3 2011
Deposit mix
95%Interest-bearing $103.6M5%Noninterest $5.1MQ3 2010Q3 2011

NIM

5.08%Q3 ’094.75%Q3 ’104.42%Q3 ’11+35%+2%

Non-interest income vs. expense

2.98%Q3 ’092.73%Q3 ’102.67%Q3 ’11-6%-1%

Executive Summary

  • Earnings: ROA of 0.48%, up 1 bps year over year; NIM at 3.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.82%.
  • Funding: loans stand at 80.29% of deposits as of Q3 2011.

Financial Results

Return on Assets (YTD, annualized)

0.48%+1 bps YoY

Net Interest Margin (YTD, annualized)

3.00%+6 bps YoY

Efficiency Ratio (YTD, annualized)

85.63%-292 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets0.48%0.32%10.33%0.45%0.48%+1 bps
Return on Equity7.98%5.46%5.65%7.80%8.28%+30 bps
Net Interest Margin2.94%2.91%3.00%3.07%3.00%+6 bps
Efficiency Ratio88.55%87.15%88.12%87.41%85.63%-292 bps
Non-Interest Burden2.59%2.53%2.63%2.67%2.55%-3 bps
Growth
Asset Growth (YoY)8.55%7.65%6.16%7.76%9.58%+103 bps
Loan Growth (YoY)6.77%4.66%5.07%1.29%4.27%-250 bps
Deposit Growth (YoY)9.86%8.93%7.25%9.16%11.38%+153 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.03%1.43%0.82%0.82%+83 bps
Allowance / Loans1.22%1.49%1.16%1.16%1.10%-12 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 Capital10.54%10.56%11.02%11.24%11.05%+50 bps
Equity / Assets6.09%5.78%5.74%5.90%5.84%-26 bps
Liquidity & Funding
Loans / Deposits85.77%84.04%81.38%80.26%80.29%-548 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