Attached files
| file | filename |
|---|---|
| 8-K - UNITY BANCORP FORM 8-K: 2011 SHAREHOLDERS' MEETING - UNITY BANCORP INC /NJ/ | form8k.htm |
Exhibit 99.1
UNITY’S Accomplishments!
® Despite this challenging environment, Unity’s
performance in 2010 included the following
accomplishments:
performance in 2010 included the following
accomplishments:
vStrategic reduction in certain products
v SBA loans down 11.50%
v Time deposits down 38%
v14% Increase in non-interest bearing deposits
vNet interest margin - 3.67% from 3.22%
vImprovement in total capital - 14.30% from 13.01%
vFurther development of sales culture
vContinued improvements in infrastructure
How the Economy Affected
UNITY
UNITY
® Unity’s 2010 results were affected by:
vHigh provision for loan losses
vElevated level of past due accounts
vElevated level of collection costs
vElevated level of FDIC insurance
vWeak loan demand
vLow yielding investments
UNITY’S Strategic Direction
® Focus on relationship-based business banking
® Reaffirm lending footprint
® Improve net interest margin
® Stabilize credit quality
® Effective cost control
® Branch realignment
UNITY’S Branch Network
New Jersey
® Hunterdon County
v Clinton
v Flemington
v Whitehouse
® Middlesex County
v Colonia
v Edison
v Highland Park
v Middlesex
v South Plainfield
® Somerset County
v North Plainfield
® Union/Essex County
v Linden
v Scotch Plains
v Springfield
v Union
® Warren County
v Phillipsburg
v Washington (In Progress)
Pennsylvania
® Northampton County
v Forks Township
v William Penn
UNITY’S Recent and Future
Highlights
Highlights
® Expand Residential Mortgage Division
® Streamlined Loan Payment Processing
® Online Banking Product
® Mobile Money Smart Phone Banking
® Digital Signature Cards & Document Storage
® New Unity Bank Credit Card Program
® In-house electronic check presentments
® Enhanced Customer Call Center Phone System
® Upgrade of ATM Machines
eStatements
® Over 2600 Accounts on eStatements
® Reduced Cost in paper & postage
® Convenient & Secure
® Environmentally Friendly
® View, download and print the last 15 months of statements
UNITY’S Marketing Initiatives
Ucare Charitable Giving Program
® Launched in April 2011
® 25 Partners by Year-End
Key Bank Ratios
|
For the year ended 12/31/2010
|
||
|
|
Unity
|
Public Companies
$300 million - $2.5 billion |
|
Return on Average Assets
|
0.26%
|
-0.13%
|
|
Return on Average Equity
|
3.24%
|
-5.25%
|
|
Net Interest Margin
|
3.67%
|
3.71%
|
|
Total Nonperforming Assets to
Total Assets
|
2.93%
|
4.27%
|
|
Net Charge-offs to
Average Loans
|
1.05%
|
1.50%
|
Income Statement
(dollars in thousands)
(dollars in thousands)
Net Interest Margin
|
Prime Rate
|
7.25%
|
8.25%
|
7.25%
|
3.25%
|
3.25%
|
Total Assets
(dollars in millions)
(dollars in millions)
Total Loans Outstanding
(dollars in millions)
(dollars in millions)
Nonperforming Assets by Category
(dollars in thousands)
(dollars in thousands)
|
|
12/31/2010
|
12/31/2009
|
||
|
Category
|
$ Value
|
# of Loans
|
$ Value
|
# of Loans
|
|
SBA 7(a)
|
8,162
|
76
|
6,559
|
75
|
|
SBA 504
|
2,714
|
4
|
5,575
|
2
|
|
Commercial
|
5,452
|
19
|
7,397
|
21
|
|
Residential Mortgage
|
5,085
|
16
|
5,578
|
13
|
|
Consumer
|
249
|
3
|
387
|
6
|
|
OREO
|
2,346
|
7
|
1,530
|
5
|
|
Total
|
24,008
|
125
|
27,026
|
122
|
|
Selected Ratios
|
12/31/2010
|
12/31/2009
|
||
|
Nonperforming Assets to Total
Loans |
2.93%
|
2.90%
|
||
|
Allowance for Loan Losses to
Total Loans |
2.33%
|
2.11%
|
||
Total Deposits
(dollars in millions)
(dollars in millions)
Capital Ratios
Unity Bancorp, Inc.
FDIC-Insured Commercial
Banks
Banks
Compelling Investment
Considerations
® Discount to book
® Knowledgeable and experienced management
team
team
® Attractive branch franchise
® Improving bank fundamentals
® Positioned for economic rebound
® Insider ownership
UNITY’S Stock Price to Book
The previous slides contained data from the following sources:
® FDIC-Insured Commercial Banks:
v Obtained from FDIC.gov Quarterly Banking Profile
® SNL