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Minotola National Bank

Vineland, NJ · Cert 6480

FDIC

Q1 2006

$632.0MAssets
$495.7MLoans
$545.7MDeposits
$81.6MEquity
Loan mix
62%RE $89.8M38%C&I $55.0M0%Consumer $0.4MQ1 2005Q1 2006
Deposit mix
74%Interest-bearing $404.6M26%Noninterest $141.0MQ1 2005Q1 2006

NIM

5.18%Q1 ’045.37%Q1 ’055.63%Q1 ’06+3%-5%

Non-interest income vs. expense

3.69%Q1 ’043.83%Q1 ’053.74%Q1 ’06+7%-6%

Executive Summary

  • Earnings: ROA of 0.93%, down 6 bps year over year; NIM at 4.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 90.85% of deposits as of Q1 2006.

Financial Results

Return on Assets (quarter, annualized)

0.93%-6 bps YoY

Net Interest Margin (quarter, annualized)

4.33%-21 bps YoY

Efficiency Ratio (quarter, annualized)

70.72%-22 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets1.00%1.06%1.20%0.86%0.93%-6 bps
Return on Equity7.59%8.17%9.21%6.69%7.26%-34 bps
Net Interest Margin4.53%4.48%4.43%4.58%4.33%-21 bps
Efficiency Ratio70.94%68.50%66.33%73.97%70.72%-22 bps
Non-Interest Burden2.98%2.72%2.49%3.14%2.79%-19 bps
Growth
Asset Growth (YoY)5.26%3.35%5.60%7.27%3.77%-150 bps
Loan Growth (YoY)13.36%10.21%7.75%3.05%0.29%-1,307 bps
Deposit Growth (YoY)5.59%3.21%6.58%9.06%3.77%-182 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.03%0.02%0.03%0.13%+13 bps
Allowance / Loans1.03%1.02%1.03%1.04%0.98%-4 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 Capital15.47%15.58%15.94%16.15%16.15%+68 bps
Equity / Assets12.94%13.04%12.95%12.81%12.91%-3 bps
Liquidity & Funding
Loans / Deposits94.00%96.28%91.99%89.29%90.85%-316 bps
Liquid Assets / Assets0.65%0.54%0.61%0.55%0.37%-28 bps
CRE / Total Capitaln/an/an/an/an/an/an/a