EX-99.2 3 a05-9907_1ex99d2.htm EX-99.2

























 

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2005
Shareholders’
Meeting

 

 


 

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Performance Ratios

 

 

 

 

 

 

 

Q1

 

Q1

 

 

 

2003

 

2004

 

3/31/2004

 

3/31/2005

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

4,583

 

$

5,330

 

$

1,194

 

$

1,310

 

Earnings Per Diluted Share

 

$

0.77

 

$

0.87

 

$

0.20

 

$

0.21

 

Return on Assets

 

1.04

%

1.10

%

1.04

%

1.03

%

Return on Common Equity

 

16.05

%

16.32

%

15.32

%

14.63

%

Efficiency Ratio

 

66.59

%

64.51

%

68.31

%

66.37

%

 


 

 

2004 Highlights

 

•  Unity recorded record profits - $5.3 million, ROE 16.32%

 

•  9th consecutive year of SBA Awards

•  #1 lender among NJ mid-size banks

•  34th largest SBA lender in the United States

•  Silver award – 3rd largest SBA lender in NJ

•  Bronze award from New York City

•  Long Island Development Corp Lender of the Year

 

•  Granted Preferred SBA Lender status in Connecticut, Maine, and Rhode Island

 


 

Strategic Objectives

 

•  Consistently outperform our peers Return on Equity

 

•  Focus on Deposit & Loan Growth / Margin Management

 

•  Continue to be a leader in SBA lending

 

•  Grow our branch network at 1 to 3 branches per year

 


 

Unity Footprint

 

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Total Assets

 

In millions

 

[CHART]

 


 

Total Loans

 

In millions

 

[CHART]

 


 

Loans by Type

 

In millions

 

[CHART]

 


 

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]

 


 

New Product:
Opportunity Savings

 

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CD Promotion

 

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High Yield CDs

 

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Shareholders’ Equity

 

In millions

 

[CHART]

 


 

Capital Ratios

 

[CHART]

 


 

Statement of Operations

 

In thousands

 

 

 

 

 

 

 

 

 

Q1

 

Q1

 

 

 

2002

 

2003

 

2004

 

3/31/2004

 

3/31/2005

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

15,723

 

$

17,867

 

$

19,158

 

$

4,618

 

$

5,265

 

Provision for loan losses

 

2,350

 

1,600

 

1,175

 

250

 

300

 

Non-interest income

 

7,991

 

8,343

 

7,629

 

1,881

 

1,791

 

Non-interest expense

 

15,544

 

17,329

 

17,230

 

4,403

 

4,648

 

Net income (pre-tax)

 

5,820

 

7,281

 

8,382

 

1,846

 

2,108

 

Tax expense

 

2,111

 

2,698

 

3,052

 

652

 

798

 

Net income

 

$

3,709

 

$

4,583

 

$

5,330

 

$

1,194

 

$

1,310

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective tax rate

 

36.3

%

37.1

%

36.4

%

35.3

%

37.9

%

 


 

Net Interest Income

 

In millions

 

[CHART]

 


 

Net Interest Margin

 

[CHART]

 


 

Non-interest Income

 

In thousands

 

 

 

 

 

 

 

 

 

Q1

 

Q1

 

 

 

12/31/02

 

12/31/03

 

12/31/04

 

03/31/04

 

03/31/05

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposit Svc Charges

 

$

1,547

 

$

1,977

 

$

1,618

 

$

406

 

$

430

 

Loan and servicing fees

 

1,497

 

1,956

 

1,831

 

471

 

536

 

Sale of SBA loans

 

3,627

 

3,075

 

3,217

 

738

 

460

 

Other income

 

1,092

 

1,150

 

887

 

213

 

312

 

Gain on sale of securities

 

228

 

185

 

76

 

53

 

53

 

Total non-interest income

 

7,991

 

8,343

 

7,629

 

1,881

 

1,791

 

 


 

Non-interest Expense

 

In thousands

 

 

 

 

 

 

 

 

 

Q1

 

Q1

 

 

 

12/31/02

 

12/31/03

 

12/31/04

 

03/31/04

 

03/31/05

 

 

 

 

 

 

 

 

 

 

 

 

 

Comp. and benefits

 

$

7,498

 

$

8,301

 

$

8,435

 

$

2,239

 

$

2,397

 

Occupancy

 

1,671

 

1,884

 

2,085

 

529

 

593

 

Processing and comm.

 

1,139

 

1,120

 

993

 

253

 

246

 

Item Processing

 

1,097

 

980

 

926

 

221

 

220

 

Furniture and equipment

 

1,075

 

1,061

 

1,146

 

263

 

329

 

Professional fees

 

668

 

1,541

 

593

 

231

 

109

 

Deposit insurance

 

161

 

62

 

61

 

15

 

15

 

Loan servicing costs

 

436

 

651

 

738

 

180

 

177

 

Other expenses

 

1,799

 

1,729

 

2,253

 

472

 

562

 

Total non-int expense

 

15,544

 

17,329

 

17,230

 

4,403

 

4,648

 

 


 

Stock Price

 

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