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Yardville National Bank

Yardville, NJ · Cert 6515

FDIC

Q4 2007

$2.8BAssets
$1.8BLoans
$1.9BDeposits
$436.8MEquity
Loan mix
75%RE $976.6M25%C&I $325.7M0%Consumer $0.7MQ4 2006Q4 2007
Deposit mix
89%Interest-bearing $1.7B11%Noninterest $0.2BQ4 2006Q4 2007

NIM

6.18%Q4 ’056.63%Q4 ’06-15.06%Q4 ’07+0%-339%

Non-interest income vs. expense

1.62%Q4 ’054.08%Q4 ’06-4.46%Q4 ’07+171%-203%

Executive Summary

  • Earnings: ROA of -6.18%, down 489 bps year over year; NIM at -7.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.94%.
  • Funding: loans stand at 94.05% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

-6.18%-489 bps YoY

Net Interest Margin (quarter, annualized)

-7.43%-1,055 bps YoY

Efficiency Ratio (quarter, annualized)

82.74%-3,668 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets-1.29%0.96%0.76%0.50%-6.18%-489 bps
Return on Equity-16.06%11.33%8.91%5.73%-49.84%-3,378 bps
Net Interest Margin3.11%3.37%3.21%3.22%-7.43%-1,055 bps
Efficiency Ratio119.42%60.10%61.76%62.95%82.74%-3,668 bps
Non-Interest Burden3.78%1.93%1.88%1.94%-3.91%-769 bps
Growth
Asset Growth (YoY)-11.64%-9.80%-15.39%-13.90%5.76%+1,740 bps
Loan Growth (YoY)0.00%0.33%-6.59%-3.01%-8.24%-824 bps
Deposit Growth (YoY)1.68%4.49%-2.24%-3.93%-4.69%-637 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.59%0.11%0.38%0.42%-0.94%-153 bps
Allowance / Loans1.25%1.24%1.30%1.41%3.27%+203 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 Capital11.20%11.22%11.78%11.80%11.45%+25 bps
Equity / Assets8.49%8.46%8.70%8.71%15.84%+735 bps
Liquidity & Funding
Loans / Deposits97.68%96.14%94.25%98.32%94.05%-364 bps
Liquid Assets / Assets4.92%5.80%4.30%4.90%0.23%-469 bps
CRE / Total Capitaln/an/an/an/an/an/an/a