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Harmony Bank

Jackson Township, NJ · Cert 58713

FDIC · 3 branches

Q2 2016

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: Q2 2016, the quarter ended June 30, 2016, 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

Harmony Bank

Jackson Township, NJ · Cert 58713

FDIC · 3 branches

Q2 2016

$313.7MAssets
$261.3MLoans
$277.5MDeposits
$24.9MEquity
Loan mix
89%RE $146.2M11%C&I $18.4M0%Consumer $0.1MQ2 2015Q2 2016
Deposit mix
84%Interest-bearing $233.8M16%Noninterest $43.7MQ2 2015Q2 2016

NIM

4.04%Q2 ’144.02%Q2 ’154.07%Q2 ’160%+2%

Non-interest income vs. expense

2.97%Q2 ’142.66%Q2 ’154.50%Q2 ’16-7%+79%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2016 SOD (annual) · 0.0% share · #136 of 214 inst. · $0.3B of $1658.1B

Executive Summary

  • Earnings: ROA of -0.71%, down 119 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 7.89%, down 217 bps from a year ago.
  • Funding: loans stand at 94.17% of deposits as of Q2 2016.

Financial Results

Return on Assets (YTD, annualized)

-0.71%-119 bps YoY

Net Interest Margin (YTD, annualized)

3.34%+6 bps YoY

Efficiency Ratio (YTD, annualized)

122.76%+4,895 bps YoY

Tier 1 Leverage Ratio

7.89%-217 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets0.47%0.50%0.55%0.48%-0.71%-119 bps
Return on Equity4.81%5.08%5.65%5.14%-8.03%-1,284 bps
Net Interest Margin3.28%3.20%3.17%3.32%3.34%+6 bps
Efficiency Ratio73.80%73.43%71.50%74.11%122.76%+4,895 bps
Non-Interest Burden2.34%2.25%2.17%2.40%4.17%+184 bps
Growth
Asset Growth (YoY)22.39%14.27%10.88%13.30%15.21%-718 bps
Loan Growth (YoY)25.12%21.40%24.76%19.53%19.59%-553 bps
Deposit Growth (YoY)22.84%15.98%11.82%14.41%17.79%-505 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.35%1.34%1.31%1.32%1.29%-6 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.06%9.75%9.67%9.51%7.89%-217 bps
Total Risk-Based Capital12.68%12.76%12.21%12.35%10.56%-212 bps
Equity / Assets9.86%9.77%9.43%9.35%7.93%-193 bps
Liquidity & Funding
Loans / Deposits92.75%93.50%94.96%93.18%94.17%+142 bps
Liquid Assets / Assets9.09%10.00%7.34%10.18%5.13%-396 bps
CRE / Total Capitaln/an/an/an/an/an/an/a