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Union Center National Bank

Union, NJ · Cert 6431

FDIC · 15 branches

Q2 2014

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 2014, the quarter ended June 30, 2014, 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

Union Center National Bank

Union, NJ · Cert 6431

FDIC · 15 branches

Q2 2014

$1.7BAssets
$1.0BLoans
$1.3BDeposits
$181.9MEquity
Loan mix
66%RE $367.8M34%C&I $192.6M0%Consumer $0.6MQ2 2013Q2 2014
Deposit mix
96%Interest-bearing $1.2B4%Noninterest $0.1BQ2 2013Q2 2014

NIM

3.59%Q2 ’123.48%Q2 ’133.47%Q2 ’14+0%+0%

Non-interest income vs. expense

1.51%Q2 ’121.54%Q2 ’131.68%Q2 ’14-2%+17%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2014 SOD (annual) · 0.1% share · #62 of 226 inst. · $1.3B of $1405.9B

3.6% Union
1.2% Morris
0.3% Bergen
0.1% Mercer

Executive Summary

  • Earnings: ROA of 1.08%, down 16 bps year over year; NIM at 2.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 78.95% of deposits as of Q2 2014.

Financial Results

Return on Assets (YTD, annualized)

1.08%-16 bps YoY

Net Interest Margin (YTD, annualized)

2.82%+1 bps YoY

Efficiency Ratio (YTD, annualized)

54.44%+550 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2013Q3 2013Q4 2013Q1 2014Q2 2014YoY ΔTrend
Earnings
Return on Assets1.24%1.25%1.24%1.08%1.08%-16 bps
Return on Equity12.00%12.10%12.02%10.28%10.12%-189 bps
Net Interest Margin2.81%2.78%2.79%2.78%2.82%+1 bps
Efficiency Ratio48.94%48.23%48.16%57.43%54.44%+550 bps
Non-Interest Burden1.21%1.18%1.19%1.49%1.41%+20 bps
Growth
Asset Growth (YoY)6.97%2.01%2.66%4.12%3.77%-321 bps
Loan Growth (YoY)11.88%9.94%7.83%12.20%11.44%-45 bps
Deposit Growth (YoY)9.00%1.63%2.66%4.47%-0.47%-948 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.03%0.13%0.08%+8 bps
Allowance / Loans1.13%1.06%1.08%1.08%1.08%-5 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 Capital12.63%12.48%12.90%13.22%13.32%+69 bps
Equity / Assets10.36%10.35%10.38%10.69%10.92%+57 bps
Liquidity & Funding
Loans / Deposits70.51%72.83%71.59%73.70%78.95%+844 bps
Liquid Assets / Assets9.24%10.20%13.94%13.91%15.45%+621 bps
CRE / Total Capitaln/an/an/an/an/an/an/a