PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Heritage Community Bank

Randolph, NJ · Cert 58213

FDIC

Q4 2013

$134.5MAssets
$112.2MLoans
$124.3MDeposits
$9.7MEquity
Loan mix
53%RE $49.4M47%C&I $43.5M0%Consumer $0.2MQ4 2012Q4 2013
Deposit mix
83%Interest-bearing $103.1M17%Noninterest $21.3MQ4 2012Q4 2013

NIM

4.76%Q4 ’114.69%Q4 ’124.76%Q4 ’13+4%+5%

Non-interest income vs. expense

2.85%Q4 ’113.23%Q4 ’123.67%Q4 ’13+12%+17%

Executive Summary

  • Earnings: ROA of 0.12%, up 286 bps year over year; NIM at 4.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.32%.
  • Funding: loans stand at 90.24% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.12%+286 bps YoY

Net Interest Margin (YTD, annualized)

4.20%+22 bps YoY

Efficiency Ratio (YTD, annualized)

81.13%+675 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-2.75%0.02%-0.08%0.05%0.12%+286 bps
Return on Equity-32.81%0.33%-1.18%0.68%1.70%+3,451 bps
Net Interest Margin3.98%4.06%4.16%4.21%4.20%+22 bps
Efficiency Ratio74.38%88.97%78.04%82.29%81.13%+675 bps
Non-Interest Burden2.87%3.57%3.17%3.40%3.34%+48 bps
Growth
Asset Growth (YoY)-6.78%-5.57%-6.64%-6.47%-7.15%-37 bps
Loan Growth (YoY)-0.72%-1.05%-1.91%-3.71%-9.66%-893 bps
Deposit Growth (YoY)-5.43%-3.04%-4.24%-4.71%-6.88%-145 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.31%-0.13%2.09%1.44%1.32%-199 bps
Allowance / Loans2.72%2.87%2.30%2.43%2.59%-13 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 Capital9.02%9.05%9.03%9.35%10.09%+108 bps
Equity / Assets6.70%6.63%6.73%6.90%7.22%+52 bps
Liquidity & Funding
Loans / Deposits93.01%92.06%94.65%92.33%90.24%-278 bps
Liquid Assets / Assets6.14%7.30%5.75%5.59%9.20%+306 bps
CRE / Total Capitaln/an/an/an/an/an/an/a