Newark, NJ · Cert 35280
FDIC
Q3 2010
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2010, the quarter ended September 30, 2010, 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.
Newark, NJ · Cert 35280
FDIC
Q3 2010
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 | Q4 2008 | Q1 2009 | Q2 2009 | Q3 2009 | Q4 2009 | Q1 2010 | Q2 2010 | Q3 2010 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -0.97% | -0.92% | -1.83% | -1.86% | -1.63% | -1.14% | -0.92% | -3.21% | -135 bps | |
| Return on Equity | -9.87% | -9.73% | -19.02% | -19.33% | -17.10% | -11.74% | -9.31% | -32.75% | -1,342 bps | |
| Net Interest Margin | 3.37% | 2.89% | 2.88% | 2.87% | 2.98% | 3.21% | 3.47% | 3.40% | +53 bps | |
| Efficiency Ratio | 95.57% | 103.19% | 104.58% | 103.26% | 102.79% | 95.37% | 103.72% | 154.08% | +5,082 bps | |
| Non-Interest Burden | 3.17% | 3.02% | 3.06% | 3.00% | 3.10% | 3.01% | 3.65% | 5.81% | +280 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -10.12% | -4.19% | -2.40% | -2.38% | 3.20% | -10.18% | -12.39% | -12.35% | -997 bps | |
| Loan Growth (YoY) | 4.48% | 2.18% | -1.10% | -3.57% | -8.68% | -15.18% | -16.87% | -18.54% | -1,497 bps | |
| Deposit Growth (YoY) | -13.83% | -2.57% | -1.53% | -1.97% | 5.89% | -7.57% | -9.49% | -9.62% | -765 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 | 0.55% | 0.78% | 0.79% | 1.11% | 1.22% | 2.14% | 1.24% | 2.28% | +117 bps | |
| Allowance / Loans | 1.51% | 1.75% | 2.35% | 2.59% | 2.71% | 2.89% | 2.96% | 2.44% | -14 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 | 14.38% | 14.34% | 15.81% | 15.44% | 15.73% | 16.65% | 17.14% | 17.07% | +163 bps | |
| Equity / Assets | 9.65% | 9.27% | 9.93% | 9.60% | 9.27% | 10.18% | 10.16% | 9.65% | +5 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 97.60% | 92.29% | 90.98% | 89.26% | 84.18% | 84.69% | 83.56% | 80.45% | -881 bps | |
| Liquid Assets / Assets | 1.37% | 10.48% | 11.61% | 10.80% | 17.06% | 12.24% | 17.32% | 23.40% | +1,261 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |