Bridgewater, NJ · Cert 6308
FDIC
Q4 2003
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Bridgewater, NJ · Cert 6308
FDIC
Q4 2003
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 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.93% | 0.83% | 0.87% | 0.97% | 0.82% | 0.94% | 0.76% | 0.53% | -43 bps | |
| Return on Equity | 11.25% | 10.19% | 9.69% | 10.28% | 7.76% | 9.04% | 7.51% | 5.28% | -500 bps | |
| Net Interest Margin | 3.83% | 3.70% | 2.70% | 2.90% | 3.38% | 3.36% | 3.28% | 3.26% | +36 bps | |
| Efficiency Ratio | 55.30% | 59.62% | 60.78% | 61.68% | 75.13% | 67.85% | 72.67% | 76.18% | +1,450 bps | |
| Non-Interest Burden | 1.66% | 1.81% | 1.40% | 1.57% | 2.45% | 2.13% | 2.27% | 2.39% | +82 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -3.65% | 1.67% | 48.16% | 46.27% | 49.17% | 47.36% | 9.15% | 2.94% | -4,333 bps | |
| Loan Growth (YoY) | -1.33% | 1.48% | 39.97% | 34.61% | 38.35% | 52.07% | 20.27% | 19.53% | -1,508 bps | |
| Deposit Growth (YoY) | -7.05% | 7.32% | 51.47% | 50.41% | 52.25% | 50.91% | 2.73% | 5.47% | -4,494 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.24% | 1.02% | 0.63% | 0.56% | 0.09% | 0.15% | 0.15% | 0.49% | -7 bps | |
| Allowance / Loans | 1.30% | 1.20% | 1.26% | 1.22% | 1.23% | 1.16% | 1.16% | 1.13% | -9 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 11.24% | 10.44% | 11.09% | 11.16% | 11.23% | 10.45% | 10.17% | 10.26% | -90 bps | |
| Equity / Assets | 8.13% | 7.85% | 10.84% | 10.69% | 10.45% | 10.08% | 9.50% | 9.97% | -73 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 87.86% | 85.03% | 76.01% | 77.20% | 79.84% | 85.68% | 88.99% | 87.49% | +1,029 bps | |
| Liquid Assets / Assets | 2.07% | 2.03% | 1.76% | 1.58% | 1.18% | 2.07% | 1.87% | 1.76% | +18 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |