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Highlands State Bank

Vernon, NJ · Cert 58048

FDIC · 4 branches

Q4 2018

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: Q4 2018, the quarter ended December 31, 2018, 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

Highlands State Bank

Vernon, NJ · Cert 58048

FDIC · 4 branches

Q4 2018

$484.8MAssets
$439.6MLoans
$410.8MDeposits
$43.7MEquity
Loan mix
85%RE $252.6M15%C&I $45.8M0%Consumer $0.2MQ4 2017Q4 2018
Deposit mix
79%Interest-bearing $326.1M21%Noninterest $84.7MQ4 2017Q4 2018

NIM

3.73%Q4 ’163.92%Q4 ’174.25%Q4 ’18+1%+3%

Non-interest income vs. expense

3.08%Q4 ’162.61%Q4 ’172.54%Q4 ’18-8%+2%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2018 SOD (annual) · 0.0% share · #118 of 201 inst. · $0.4B of $1824.0B

1.2% Passaic
4.7% Sussex
0.3% Morris

Executive Summary

  • Earnings: ROA of 0.98%, up 36 bps year over year; NIM at 3.32%.
  • Asset quality: problem loans at 0.65% of loans (-11 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.93%, up 22 bps from a year ago.
  • Funding: loans stand at 107.02% of deposits as of Q4 2018.

Financial Results

Return on Assets (YTD, annualized)

0.98%+36 bps YoY

Net Interest Margin (YTD, annualized)

3.32%+9 bps YoY

Efficiency Ratio (YTD, annualized)

64.82%-141 bps YoY

Tier 1 Leverage Ratio

8.93%+22 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets0.62%0.89%0.91%0.93%0.98%+36 bps
Return on Equity6.61%10.16%10.46%10.72%11.15%+454 bps
Net Interest Margin3.23%3.37%3.31%3.31%3.32%+9 bps
Efficiency Ratio66.23%69.16%67.13%66.35%64.82%-141 bps
Non-Interest Burden1.88%2.09%1.98%1.97%1.93%+5 bps
Growth
Asset Growth (YoY)13.67%12.93%17.39%13.34%7.97%-570 bps
Loan Growth (YoY)19.25%13.76%14.77%13.47%8.38%-1,087 bps
Deposit Growth (YoY)13.59%10.74%11.10%6.43%4.99%-860 bps
Asset Quality
Nonperforming Loans / Loans0.76%0.71%0.62%0.65%0.65%-11 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.00%0.00%-1 bps
Allowance / Loans1.05%1.07%1.06%1.08%1.10%+4 bps
Allowance Coverage of NPLs1.4x1.5x1.7x1.7x1.7x+0.3x
Capital
Tier 1 Leverage Ratio8.71%8.76%8.67%8.73%8.93%+22 bps
Total Risk-Based Capital10.78%10.83%10.82%11.11%11.33%+55 bps
Equity / Assets8.83%8.76%8.47%8.70%9.01%+18 bps
Liquidity & Funding
Loans / Deposits103.67%102.89%107.19%105.97%107.02%+335 bps
Liquid Assets / Assets3.48%3.40%3.57%1.18%1.03%-245 bps
CRE / Total Capitaln/an/an/an/an/an/an/a