EX-99.2 3 a04-12625_2ex99d2.htm EX-99.2































 

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Super
Community

Bank
Conference
Nov 4 - 5
2004

 


 

Forward-Looking Statement

 

This presentation contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the company’s control and could impede its ability to achieve these goals. These factors include general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, and results of regulatory exams, among other factors.

 


 

Unity Company Profile

 

•                  State Chartered - Opened 1991

•                  Assets of $500 million

•                  Deposits of $425 million

•                  13 branches, headquartered in Clinton, NJ

•                  Strategic commercial lending focus

•                  Nationally recognized SBA lender

 


 

Unity Footprint

 

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Unity “Commandments”

 

•                  Treat all employees and customers with dignity and respect

•                  Provide the highest level of service for our customers

•                  Increase the profits of the bank

•                  Always do the right thing

 


 

Experienced Management Team

 

Name

 

Title

 

Years Banking Experience

 

 

 

 

 

Jim Hughes, CPA

 

President and CEO

 

22

 

 

 

 

 

Alan Bedner, CPA

 

Executive VP, CFO

 

11

 

 

 

 

 

Mike Bono

 

Executive VP, Retail

 

36

 

 

 

 

 

Mike Downes

 

Executive VP, CLO

 

19

 

 

 

 

 

John Kauchak

 

Executive VP, COO

 

24

 

 

 

 

 

Kelly Stashko

 

Executive VP,
Communications Group

 

18

 


 

Performance Ratios

 

 

 

 

 

 

 

YTD

 

QTD

 

 

 

2002

 

2003

 

9/30/04

 

9/30/04

 

Earnings Per Diluted Share

 

$

0.60

 

$

0.77

 

$

0.65

 

$

0.23

 

Return on Assets

 

0.91

%

1.04

%

1.11

%

1.17

%

Return on Common Equity

 

13.95

%

16.05

%

16.61

%

17.39

%

Efficiency Ratio

 

66.18

%

66.59

%

64.60

%

62.55

%

 


 

Total Assets

 

In millions

 

[CHART]

 


 

Total Loans

 

In millions

 

[CHART]

 


 

Loans by Type

(5 quarters)

 

In millions

 

[CHART]

 


 

Prudent Credit Culture

 

•                  Experienced Lenders

•                  Comprehensive Approval Process

•                  Reliance on Cash Flow and Collateral

•                  External and Internal Loan Review Process

•                  Experienced Asset Management Process

 


 

Non-performing Assets Allowance for Loan Losses

 

In millions

 

[CHART]

 


 

Credit Quality & Net Charge-offs

 

[CHART]

 


 

Total Deposits

 

In millions

 

[CHART]

 


 

Deposits

 

In millions

 

[CHART]

 


 

Business of the Month

 

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Kids Corner

 

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Café Unity

 

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Cyber Café

 

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Advertisements

 

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Shareholders’ Equity

 

In millions

 

[CHART]

 


 

Capital Ratios

 

[CHART]

 


 

Statement of Operations

 

In thousands

 

 

 

Year end December 31,

 

Q1 - Q3

 

 

 

2000

 

2001

 

2002

 

2003

 

2004 YTD

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

11,695

 

$

12,190

 

$

15,723

 

$

17,867

 

$

14,091

 

Provision for loan losses

 

716

 

1,400

 

2,350

 

1,600

 

825

 

Non-interest income

 

7,666

 

5,391

 

7,991

 

8,343

 

5,761

 

Non-interest expense

 

23,718

 

14,522

 

15,544

 

17,329

 

12,778

 

Net income (loss) before

 

(5,073

)

1,659

 

5,820

 

7,281

 

6,248

 

Tax expense (benefit)

 

839

 

(382

)

2,111

 

2,698

 

2,277

 

Net income (loss)

 

$

(5,912

)

$

2,041

 

$

3,709

 

$

4,583

 

$

3,971

 

 


 

In thousands

 

 

 

Quarters Ended

 

Q3

 

 

 

9/30/2003

 

12/31/03

 

3/31/2004

 

06/30/04

 

9/30/2004

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

4,466

 

$

4,619

 

$

4,618

 

$

4,494

 

$

4,979

 

Provision for loan losses

 

375

 

375

 

250

 

250

 

325

 

Non-interest income

 

2,125

 

2,123

 

1,881

 

1,895

 

1,985

 

Non-interest expense

 

4,167

 

4,906

 

4,403

 

4,019

 

4,356

 

Net income before tax

 

2,049

 

1,461

 

1,846

 

2,120

 

2,283

 

Tax expense

 

747

 

547

 

652

 

773

 

852

 

Net income

 

$

1,302

 

$

914

 

$

1,194

 

$

1,347

 

$

1,431

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

0.22

 

0.15

 

0.20

 

0.22

 

0.23

 

 


 

Net Interest Margin

(5 Quarters)

 

[CHART]

 


 

Non-interest Income

(5 Quarters)

 

In thousands

 

 

 

09/30/03

 

12/31/03

 

03/31/04

 

06/30/04

 

09/30/04

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposit Svc Charges

 

$

436

 

$

448

 

$

406

 

$

483

 

$

383

 

Loan and servicing fees

 

574

 

477

 

471

 

510

 

448

 

Sale of SBA loans

 

831

 

738

 

738

 

669

 

948

 

Other income

 

309

 

378

 

213

 

215

 

206

 

Gain on sale of securities

 

(25

)

82

 

53

 

18

 

—

 

Total non-interest income

 

2,125

 

2,123

 

1,881

 

1,895

 

1,985

 

 


 

Non-interest Expense

(5 Quarters)

 

In thousands

 

 

 

09/30/03

 

12/31/03

 

03/31/04

 

06/30/04

 

09/30/04

 

 

 

 

 

 

 

 

 

 

 

 

 

Comp. and benefits

 

$

2,135

 

$

2,304

 

$

2,239

 

$

2,060

 

$

1,956

 

Occupancy

 

436

 

510

 

529

 

511

 

533

 

Processing and comm.

 

274

 

242

 

252

 

252

 

258

 

Item Processing

 

242

 

220

 

221

 

223

 

228

 

Furniture and equipment

 

257

 

285

 

263

 

258

 

308

 

Professional fees

 

217

 

877

 

231

 

161

 

125

 

Deposit insurance

 

16

 

15

 

15

 

16

 

15

 

Loan servicing costs

 

225

 

140

 

180

 

156

 

169

 

Other expenses

 

365

 

313

 

473

 

382

 

764

 

Total non-int expense

 

4,167

 

4,906

 

4,403

 

4,019

 

4,356

 

 


 

Key Investment Appeals

 

•                  Top Quartile Performance Ratios

•                  Continued Earnings Momentum

•                  Focus on Deposit and Loan Growth

•                  Leader in SBA Lending

•                  Insider Ownership

•                  Attractive Valuation

 


 

Ratios

 

 

 

Unity

 

Peer Avg

 

Performance Ratios (%):

 

 

 

 

 

ROAA

 

1.17

 

0.90

 

ROAE

 

17.39

 

11.30

 

Net Interest Margin

 

4.30

 

3.99

 

Efficiency Ratio

 

62.55

 

67.00

 

Loans / Deposits

 

81.12

 

69.34

 

 

 

 

 

 

 

Market Ratios:

 

 

 

 

 

Price/Earnings (x)

 

13.36

 

18.14

 

Price/Book (%)

 

206.19

 

199.23

 

Dividend Yield (%)

 

1.30

 

1.33

 

 


 

Stock Price

 

[CHART]

 


 

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