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Rumson-Fair Haven Bank and Trust Company

Fair Haven, NJ · Cert 35381

FDIC

Q4 2013

$230.3MAssets
$149.4MLoans
$200.4MDeposits
$19.0MEquity
Loan mix
81%RE $94.9M19%C&I $21.9M0%Consumer $0.0MQ4 2012Q4 2013
Deposit mix
80%Interest-bearing $160.2M20%Noninterest $40.1MQ4 2012Q4 2013

NIM

3.06%Q4 ’113.53%Q4 ’123.39%Q4 ’13+23%+2%

Non-interest income vs. expense

2.22%Q4 ’112.59%Q4 ’122.71%Q4 ’13+17%+0%

Executive Summary

  • Earnings: ROA of 0.23%, down 21 bps year over year; NIM at 2.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
  • Funding: loans stand at 74.55% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.23%-21 bps YoY

Net Interest Margin (YTD, annualized)

2.77%+5 bps YoY

Efficiency Ratio (YTD, annualized)

85.40%-90 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.44%10.47%0.38%0.38%0.23%-21 bps
Return on Equity5.52%5.70%4.56%4.40%2.73%-279 bps
Net Interest Margin2.72%2.74%2.72%2.79%2.77%+5 bps
Efficiency Ratio86.29%77.02%80.10%79.93%85.40%-90 bps
Non-Interest Burden2.30%2.02%2.11%2.15%2.30%0 bps
Growth
Asset Growth (YoY)-6.38%4.35%-4.99%3.42%8.29%+1,467 bps
Loan Growth (YoY)35.39%32.96%26.55%29.48%26.93%-846 bps
Deposit Growth (YoY)-8.15%4.56%-5.38%4.36%10.37%+1,852 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%-0.03%-0.03%-0.06%-0.05%-2 bps
Allowance / Loans1.30%1.28%1.25%1.21%1.17%-13 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 Capital11.38%11.88%11.40%11.26%11.39%0 bps
Equity / Assets8.69%7.92%8.78%8.87%8.24%-44 bps
Liquidity & Funding
Loans / Deposits64.83%60.95%72.13%77.09%74.55%+973 bps
Liquid Assets / Assets14.16%21.10%9.64%6.77%11.65%-251 bps
CRE / Total Capitaln/an/an/an/an/an/an/a