Sparta, NJ · Cert 57837
FDIC
Q3 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2008, the quarter ended September 30, 2008, 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.
Sparta, NJ · Cert 57837
FDIC
Q3 2008
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 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -4.92% | -3.03% | -3.03% | -2.94% | -2.82% | -2.26% | -3.27% | -2.97% | -3 bps | |
| Return on Equity | -14.57% | -13.29% | -14.30% | -14.47% | -14.41% | -13.69% | -22.77% | -22.44% | -797 bps | |
| Net Interest Margin | 2.54% | 2.65% | 2.53% | 2.51% | 2.56% | 2.80% | 2.46% | 2.57% | +6 bps | |
| Efficiency Ratio | 237% | 205% | 202% | 196.64% | 192.15% | 180.57% | 193.33% | 167.15% | -2,949 bps | |
| Non-Interest Burden | 6.05% | 5.47% | 5.15% | 4.98% | 4.97% | 5.09% | 4.80% | 4.32% | -66 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 64.74% | 64.40% | 77.84% | 35.20% | 23.06% | 17.59% | 34.07% | 31.79% | -340 bps | |
| Loan Growth (YoY) | 108.61% | 33.38% | 13.11% | 62.82% | 61.98% | 82.12% | 78.40% | 58.06% | -476 bps | |
| Deposit Growth (YoY) | 129.74% | 120.44% | 138.68% | 54.42% | 34.67% | 25.80% | 34.95% | 32.80% | -2,161 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 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 1.27% | 1.34% | 1.39% | 1.25% | 1.19% | 1.02% | 1.39% | 1.43% | +18 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 | 38.69% | 36.87% | 32.77% | 26.71% | 24.45% | 21.55% | 17.65% | 16.33% | -1,038 bps | |
| Equity / Assets | 23.85% | 21.74% | 18.53% | 17.79% | 16.80% | 16.16% | 11.03% | 10.35% | -744 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 62.04% | 58.43% | 56.34% | 66.31% | 74.63% | 84.59% | 74.48% | 78.92% | +1,261 bps | |
| Liquid Assets / Assets | 10.39% | 10.78% | 9.71% | 13.36% | 14.66% | 13.08% | 10.10% | 5.73% | -763 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |