PackageTrendsPeer
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United National Bank

Bridgewater, NJ · Cert 6308

FDIC

Q4 2003

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: Q4 2003, the quarter ended December 31, 2003, 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

United National Bank

Bridgewater, NJ · Cert 6308

FDIC

Q4 2003

$2.9BAssets
$2.0BLoans
$2.3BDeposits
$293.8MEquity
Loan mix
65%RE $829.8M35%C&I $451.2M0%Consumer $5.1MQ4 2002Q4 2003
Deposit mix
83%Interest-bearing $1.9B17%Noninterest $0.4BQ4 2002Q4 2003

NIM

7.14%Q4 ’014.58%Q4 ’024.70%Q4 ’03-25%+12%

Non-interest income vs. expense

2.95%Q4 ’012.35%Q4 ’023.19%Q4 ’03-12%+52%

Executive Summary

  • Earnings: ROA of 0.53%, down 43 bps year over year; NIM at 3.26%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.49%.
  • Funding: loans stand at 87.49% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

0.53%-43 bps YoY

Net Interest Margin (YTD, annualized)

3.26%+36 bps YoY

Efficiency Ratio (YTD, annualized)

76.18%+1,450 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.97%0.82%0.94%0.76%0.53%-43 bps
Return on Equity10.28%7.76%9.04%7.51%5.28%-500 bps
Net Interest Margin2.90%3.38%3.36%3.28%3.26%+36 bps
Efficiency Ratio61.68%75.13%67.85%72.67%76.18%+1,450 bps
Non-Interest Burden1.57%2.45%2.13%2.27%2.39%+82 bps
Growth
Asset Growth (YoY)46.27%49.17%47.36%9.15%2.94%-4,333 bps
Loan Growth (YoY)34.61%38.35%52.07%20.27%19.53%-1,508 bps
Deposit Growth (YoY)50.41%52.25%50.91%2.73%5.47%-4,494 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.56%0.09%0.15%0.15%0.49%-7 bps
Allowance / Loans1.22%1.23%1.16%1.16%1.13%-9 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 Capital11.16%11.23%10.45%10.17%10.26%-90 bps
Equity / Assets10.69%10.45%10.08%9.50%9.97%-73 bps
Liquidity & Funding
Loans / Deposits77.20%79.84%85.68%88.99%87.49%+1,029 bps
Liquid Assets / Assets1.58%1.18%2.07%1.87%1.76%+18 bps
CRE / Total Capitaln/an/an/an/an/an/an/a