two businessmen chatting while walking.

Peer Analysis

Performance Ratios (%) FRBA Peer Median Peer Average
ROAA 0.79 1.03 1.19
ROAE 7.07 10.13 12.55
Net Interest Margin 3.35 3.62 3.57
Efficiency Ratio 59.40 64.00 58.69
Loans / Deposits 105.52 97.93 97.41
Asset Quality Ratios (%)
NPAs / Assets 0.81 0.59 0.80
NCOs / Avg Loans 0.10 0.06 0.05
Reserves / Loans 0.99 1.08 1.06
Reserves / NPAs 103.83 128.46 128.40
Capital Ratios (%)
Tier 1 Capital 10.36 12.76 12.48
Tangible Equity / Tangible Assets 9.98 8.74 8.84
Total Equity / Total Assets 10.91 10.28 9.87
Market Ratios
Price / Earnings (x) 15.09 11.59 11.70
Price / Book (%) 103.72 116.06 129.33
Dividend Yield (%) 1.06 2.00 1.85
Data for trailing four quarters

First Bank's peer group consists of the following: CB Financial Services, Inc. (CBFV), DNB Financial Corporation, Mid Penn Bancorp, Inc. (MPB), Parke Bancorp, Inc. (PKBK), Royal Bancshares of Pennsylvania, Inc. (RBPAA), SB One Bancorp (SBBX), Stewardship Financial Corporation (SSFN), Unity Bancorp, Inc. (UNTY)

First Bank's financial data is as of 9/30/2019.

Peer financial data is as of 9/30/2019 except for these companies:

Royal Bancshares of Pennsylvania, Inc.'s financial data is as of 9/30/2017.
Stewardship Financial Corporation's financial data is as of 6/30/2019.
First Bank's peer group consists of the following. Two River Bancorp (NASDAQ: TRCB), 1st Constitution Bancorp (NASDAQ: FCCY), Stewardship Financial Corporation (NASDAQ: SSFN), Royal Bancshares of Pennsylvania, Inc. (NASDAQ: RBPAA), Unity Bancorp, Inc. (NASDAQ: UNTY), Parke Bancorp, Inc. (NASDAQ: PKBK), Sussex Bancorp (NASDAQ: SBBX), Mid Penn Bancorp, Inc. (NASDAQ: MPB), CB Financial Services, Inc. (NASDAQ: CBFV), and DNB Financial Corporation (NASDAQ: DNBF). The peer group of First Bank was determined on 2/3/2014 using the following criteria.

Industry: Bank
Geography: Located within Northeastern or Middle Atlantic states
Total Assets: Between $750M - $1.5B
Stock listing on national exchange