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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

4.64%Q4 ’114.49%Q4 ’124.44%Q4 ’13+3%+2%

Non-interest income vs. expense

2.88%Q4 ’113.78%Q4 ’123.25%Q4 ’13+41%-14%

Executive Summary

  • Earnings: ROA of 0.34%, up 833 bps year over year; NIM at 3.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.70%.
  • Funding: loans stand at 90.24% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

0.34%+833 bps YoY

Net Interest Margin (quarter, annualized)

3.94%+8 bps YoY

Efficiency Ratio (quarter, annualized)

77.31%-1,339 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-7.99%0.02%-0.18%0.30%0.34%+833 bps
Return on Equity-105.02%0.33%-2.71%4.44%4.76%+10,978 bps
Net Interest Margin3.86%4.06%4.23%4.10%3.94%+8 bps
Efficiency Ratio90.69%88.97%67.08%91.17%77.31%-1,339 bps
Non-Interest Burden3.47%3.57%2.74%3.71%2.99%-49 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 / Loans3.93%-0.13%4.31%-0.04%0.70%-323 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