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First State Bank

Cranford, NJ · Cert 58046

FDIC

Q3 2011

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2011, the quarter ended September 30, 2011, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First State Bank

Cranford, NJ · Cert 58046

FDIC

Q3 2011

$191.9MAssets
$143.9MLoans
$188.1MDeposits
$2.0MEquity
Loan mix
82%RE $92.5M14%C&I $15.8M4%Consumer $4.5MQ3 2010Q3 2011
Deposit mix
95%Interest-bearing $178.3M5%Noninterest $9.8MQ3 2010Q3 2011

NIM

5.46%Q3 ’095.58%Q3 ’105.25%Q3 ’11+39%-1%

Non-interest income vs. expense

3.06%Q3 ’093.25%Q3 ’104.49%Q3 ’11+4%+43%

Executive Summary

  • Earnings: ROA of -0.82%, up 7 bps year over year; NIM at 3.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.67%.
  • Funding: loans stand at 76.49% of deposits as of Q3 2011.

Financial Results

Return on Assets (YTD, annualized)

-0.82%+7 bps YoY

Net Interest Margin (YTD, annualized)

3.32%-3 bps YoY

Efficiency Ratio (YTD, annualized)

127.42%+3,710 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets-0.89%-4.55%1.39%-0.88%-0.82%+7 bps
Return on Equity-16.94%-99.57%94.00%-65.87%-64.20%-4,726 bps
Net Interest Margin3.35%3.62%3.34%3.32%3.32%-3 bps
Efficiency Ratio90.32%102.47%91.17%141.79%127.42%+3,710 bps
Non-Interest Burden3.00%3.72%3.02%4.33%4.28%+128 bps
Growth
Asset Growth (YoY)0.56%-15.24%-17.16%-21.22%-22.76%-2,333 bps
Loan Growth (YoY)-7.09%-12.28%-15.17%-26.34%-23.62%-1,653 bps
Deposit Growth (YoY)2.19%-11.81%-13.64%-18.00%-19.74%-2,193 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.18%4.76%0.67%0.73%0.67%-151 bps
Allowance / Loans2.03%4.00%3.69%4.45%4.64%+261 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 Capital7.86%2.95%3.45%2.59%2.18%-568 bps
Equity / Assets5.11%1.29%1.68%1.03%1.07%-404 bps
Liquidity & Funding
Loans / Deposits80.38%82.17%79.99%73.23%76.49%-389 bps
Liquid Assets / Assets5.11%5.14%12.16%11.54%11.51%+640 bps
CRE / Total Capitaln/an/an/an/an/an/an/a