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Community First Bank

Somerset, NJ · Cert 58782

FDIC · 3 branches

Q1 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: Q1 2016, the quarter ended March 31, 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

Community First Bank

Somerset, NJ · Cert 58782

FDIC · 3 branches

Q1 2016

$87.6MAssets
$80.1MLoans
$79.1MDeposits
$8.2MEquity
Loan mix
88%RE $60.0M10%C&I $7.0M1%Consumer $0.8MQ1 2015Q1 2016
Deposit mix
85%Interest-bearing $66.9M15%Noninterest $12.1MQ1 2015Q1 2016

NIM

4.33%Q1 ’144.32%Q1 ’154.42%Q1 ’16-3%+0%

Non-interest income vs. expense

4.41%Q1 ’144.55%Q1 ’155.59%Q1 ’16-3%+44%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2015 SOD (annual) · 0.0% share · #187 of 219 inst. · $0.1B of $1502.0B

0.4% Somerset
0.2% Union

Executive Summary

  • Earnings: ROA of -1.18%, down 130 bps year over year; NIM at 3.71%.
  • 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 9.14%, down 33 bps from a year ago.
  • Funding: loans stand at 101.34% of deposits as of Q1 2016.

Financial Results

Return on Assets (YTD, annualized)

-1.18%-130 bps YoY

Net Interest Margin (YTD, annualized)

3.71%+2 bps YoY

Efficiency Ratio (YTD, annualized)

127.98%+3,346 bps YoY

Tier 1 Leverage Ratio

9.14%-33 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2015Q2 2015Q3 2015Q4 2015Q1 2016YoY ΔTrend
Earnings
Return on Assets0.13%-0.14%-0.46%-0.55%-1.18%-130 bps
Return on Equity1.35%-1.56%-5.09%-6.05%-12.83%-1,418 bps
Net Interest Margin3.69%3.54%3.66%3.64%3.71%+2 bps
Efficiency Ratio94.53%94.19%98.75%103.61%127.98%+3,346 bps
Non-Interest Burden3.43%3.27%3.60%3.79%4.93%+150 bps
Growth
Asset Growth (YoY)14.62%12.02%4.98%1.23%-12.00%-2,662 bps
Loan Growth (YoY)15.74%15.36%4.78%-0.21%-0.82%-1,656 bps
Deposit Growth (YoY)16.32%13.14%5.68%1.85%-12.26%-2,859 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.21%0.16%0.00%-1 bps
Allowance / Loans1.18%1.33%1.39%1.43%1.47%+28 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.47%9.04%9.05%8.83%9.14%-33 bps
Total Risk-Based Capital12.12%11.67%11.31%11.68%12.17%+5 bps
Equity / Assets9.00%8.94%8.88%8.99%9.36%+36 bps
Liquidity & Funding
Loans / Deposits89.65%94.74%95.33%97.03%101.34%+1,169 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a