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Fort Lee Federal Savings Bank, FSB

Fort Lee, NJ · Cert 35527

FDIC

Q1 2012

$48.9MAssets
$26.8MLoans
$47.8MDeposits
$797KEquity
Loan mix
80%RE $16.8M5%C&I $1.1M15%Consumer $3.2MQ1 2011Q1 2012
Deposit mix
80%Interest-bearing $38.5M20%Noninterest $9.3MQ1 2011Q1 2012

NIM

Non-interest income vs. expense

Executive Summary

  • Earnings: ROA of -1.88%, down 43 bps year over year; NIM at 1.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 12.75%.
  • Funding: loans stand at 56.01% of deposits as of Q1 2012.

Financial Results

Return on Assets (YTD, annualized)

-1.88%-43 bps YoY

Net Interest Margin (YTD, annualized)

1.27%

Efficiency Ratio (YTD, annualized)

185.25%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets-1.45%-1.70%-1.67%-5.05%-1.88%-43 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/an/an/an/a1.27%n/an/a
Efficiency Ration/an/an/an/a185.25%n/an/a
Non-Interest Burdenn/an/an/an/a3.22%n/an/a
Growth
Asset Growth (YoY)-15.49%-22.24%-13.97%-7.85%-16.66%-117 bps
Loan Growth (YoY)-30.16%-30.49%-32.14%-27.66%-22.39%+777 bps
Deposit Growth (YoY)-14.03%-20.92%-10.94%-2.87%-12.86%+117 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/a12.75%n/an/a
Allowance / Loansn/an/an/an/a2.01%n/an/a
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 Capitaln/an/an/an/a4.90%n/an/a
Equity / Assetsn/an/an/an/a1.63%n/an/a
Liquidity & Funding
Loans / Deposits62.88%59.84%58.11%54.65%56.01%-687 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%5.22%+522 bps
CRE / Total Capitaln/an/an/an/an/an/an/a