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Noble Community Bank

Sparta, NJ · Cert 57837

FDIC

Q3 2008

$44.9MAssets
$29.2MLoans
$36.9MDeposits
$4.6MEquity
Deposit mix
93%Interest-bearing $34.3M7%Noninterest $2.7MQ3 2007Q3 2008

NIM

5.23%Q3 ’065.71%Q3 ’075.20%Q3 ’08-18%+2%

Non-interest income vs. expense

7.58%Q3 ’065.03%Q3 ’074.37%Q3 ’08-34%-13%

Executive Summary

  • Earnings: ROA of -2.97%, down 3 bps year over year; NIM at 2.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 78.92% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-2.97%-3 bps YoY

Net Interest Margin (YTD, annualized)

2.57%+6 bps YoY

Efficiency Ratio (YTD, annualized)

167.15%-2,949 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets-2.94%-2.82%-2.26%-3.27%-2.97%-3 bps
Return on Equity-14.47%-14.41%-13.69%-22.77%-22.44%-797 bps
Net Interest Margin2.51%2.56%2.80%2.46%2.57%+6 bps
Efficiency Ratio196.64%192.15%180.57%193.33%167.15%-2,949 bps
Non-Interest Burden4.98%4.97%5.09%4.80%4.32%-66 bps
Growth
Asset Growth (YoY)35.20%23.06%17.59%34.07%31.79%-340 bps
Loan Growth (YoY)62.82%61.98%82.12%78.40%58.06%-476 bps
Deposit Growth (YoY)54.42%34.67%25.80%34.95%32.80%-2,161 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.25%1.19%1.02%1.39%1.43%+18 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 Capital26.71%24.45%21.55%17.65%16.33%-1,038 bps
Equity / Assets17.79%16.80%16.16%11.03%10.35%-744 bps
Liquidity & Funding
Loans / Deposits66.31%74.63%84.59%74.48%78.92%+1,261 bps
Liquid Assets / Assets13.36%14.66%13.08%10.10%5.73%-763 bps
CRE / Total Capitaln/an/an/an/an/an/an/a