Livingston, NJ · Cert 58574
FDIC · 11 branches
Q2 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2023, the quarter ended June 30, 2023, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Livingston, NJ · Cert 58574
FDIC · 11 branches
Q2 2023
Market Position · New York-Newark-Jersey City, NY-NJ · 2023 SOD (annual) · 0.0% share · #107 of 156 inst. · $0.4B of $2583.1B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.59% | 0.60% | 0.61% | 0.63% | 0.70% | 0.69% | 2.77% | 1.58% | +95 bps | |
| Return on Equity | 6.20% | 6.28% | 6.09% | 6.16% | 6.65% | 6.36% | 22.55% | 12.62% | +646 bps | |
| Net Interest Margin | 2.68% | 2.70% | 2.91% | 3.01% | 3.16% | 3.35% | 3.30% | 3.53% | +52 bps | |
| Efficiency Ratio | 70.45% | 70.32% | 71.71% | 69.98% | 67.80% | 69.12% | 47.92% | 65.23% | -475 bps | |
| Non-Interest Burden | 1.85% | 1.85% | 2.03% | 2.05% | 2.11% | 2.27% | 1.53% | 2.26% | +21 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 6.38% | 1.95% | -4.64% | -6.53% | -14.80% | -14.10% | -12.96% | -14.18% | -764 bps | |
| Loan Growth (YoY) | -12.76% | -8.05% | -11.18% | -8.57% | -6.51% | -4.63% | -1.14% | -1.05% | +752 bps | |
| Deposit Growth (YoY) | 10.66% | 2.68% | -4.77% | -6.94% | -16.80% | -16.40% | -16.37% | -17.88% | -1,094 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.28% | 0.06% | 0.06% | 0.06% | 0.33% | 0.15% | 0.15% | 0.10% | +4 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 1.54% | 1.55% | 1.60% | 1.63% | 1.64% | 1.63% | 1.17% | 1.20% | -43 bps | |
| Allowance Coverage of NPLs | 5.5x | 26.0x | 27.9x | 28.8x | 4.9x | 10.5x | 7.6x | 12.1x | -16.7x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.50% | 9.63% | 10.12% | 10.85% | 11.28% | 11.78% | 12.43% | 13.35% | +251 bps | |
| Total Risk-Based Capital | 9.50% | 9.63% | 10.12% | 10.85% | 11.28% | 11.78% | 12.43% | 13.35% | +251 bps | |
| Equity / Assets | 9.50% | 9.79% | 10.40% | 10.62% | 11.60% | 11.85% | 12.71% | 13.11% | +249 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 70.01% | 70.94% | 73.08% | 72.66% | 78.67% | 80.92% | 86.40% | 87.55% | +1,489 bps | |
| Liquid Assets / Assets | 30.37% | 29.23% | 27.73% | 28.96% | 21.60% | 20.83% | 18.08% | 16.11% | -1,285 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |