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Bank of New Jersey

Fort Lee, NJ · Cert 58175

FDIC · 9 branches

Q4 2019

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 2019, the quarter ended December 31, 2019, 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

Bank of New Jersey

Fort Lee, NJ · Cert 58175

FDIC · 9 branches

Q4 2019

$939.9MAssets
$780.9MLoans
$778.8MDeposits
$97.2MEquity
Loan mix
95%RE $442.3M5%C&I $24.5M0%Consumer $0.5MQ4 2018Q4 2019
Deposit mix
83%Interest-bearing $649.1M17%Noninterest $129.6MQ4 2018Q4 2019

NIM

3.74%Q4 ’174.06%Q4 ’184.09%Q4 ’19+5%-11%

Non-interest income vs. expense

2.04%Q4 ’172.13%Q4 ’182.12%Q4 ’19+4%-1%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2019 SOD (annual) · 0.0% share · #85 of 187 inst. · $0.8B of $1861.3B

Executive Summary

  • Earnings: ROA of 0.39%, down 24 bps year over year; NIM at 2.68%.
  • Asset quality: problem loans at 2.32% of loans (+99 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 10.18%, up 12 bps from a year ago.
  • Funding: loans stand at 100.27% of deposits as of Q4 2019.

Financial Results

Return on Assets (YTD, annualized)

0.39%-24 bps YoY

Net Interest Margin (YTD, annualized)

2.68%-33 bps YoY

Efficiency Ratio (YTD, annualized)

77.42%+782 bps YoY

Tier 1 Leverage Ratio

10.18%+12 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2018Q1 2019Q2 2019Q3 2019Q4 2019YoY ΔTrend
Earnings
Return on Assets0.62%0.70%0.64%0.50%0.39%-24 bps
Return on Equity6.36%6.94%6.33%4.96%3.83%-254 bps
Net Interest Margin3.01%2.86%2.79%2.70%2.68%-33 bps
Efficiency Ratio69.60%69.42%70.84%74.50%77.42%+782 bps
Non-Interest Burden2.08%1.97%1.96%2.00%2.06%-2 bps
Growth
Asset Growth (YoY)-0.41%6.47%5.87%7.86%6.36%+677 bps
Loan Growth (YoY)6.19%6.88%5.58%7.27%2.08%-411 bps
Deposit Growth (YoY)-6.54%-2.11%0.93%3.49%5.71%+1,225 bps
Asset Quality
Nonperforming Loans / Loans1.34%1.25%1.27%1.35%2.32%+99 bps
Net Charge-Offs / Loans0.14%0.01%0.00%0.01%-0.01%-15 bps
Allowance / Loans1.10%1.08%1.09%1.09%1.13%+4 bps
Allowance Coverage of NPLs0.8x0.9x0.9x0.8x0.5x-0.3x
Capital
Tier 1 Leverage Ratio10.06%10.20%10.42%10.01%10.18%+12 bps
Total Risk-Based Capital12.26%12.10%12.48%12.34%12.81%+55 bps
Equity / Assets10.08%9.96%10.33%10.00%10.34%+26 bps
Liquidity & Funding
Loans / Deposits103.84%104.00%102.56%99.67%100.27%-357 bps
Liquid Assets / Assets7.40%8.16%8.73%10.67%11.22%+382 bps
CRE / Total Capitaln/an/an/an/an/an/an/a