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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

5.98%Q3 ’066.18%Q3 ’075.81%Q3 ’08-15%+10%

Non-interest income vs. expense

7.78%Q3 ’065.29%Q3 ’073.90%Q3 ’08-32%-26%

Executive Summary

  • Earnings: ROA of -2.35%, up 36 bps year over year; NIM at 3.04%.
  • 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 (quarter, annualized)

-2.35%+36 bps YoY

Net Interest Margin (quarter, annualized)

3.04%+28 bps YoY

Efficiency Ratio (quarter, annualized)

126.65%-6,049 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets-2.71%-2.47%-2.26%-4.28%-2.35%+36 bps
Return on Equity-14.90%-14.26%-13.69%-32.18%-21.96%-705 bps
Net Interest Margin2.75%2.71%2.80%2.66%3.04%+28 bps
Efficiency Ratio187.14%179.75%180.57%204%126.65%-6,049 bps
Non-Interest Burden5.21%4.93%5.09%5.49%3.86%-136 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