Harmony Bank

Harmony Bank is headquartered in Jackson and is the 100^th largest bank in the state of New Jersey. It is also the 4,157^th largest bank in the nation. It was established in 2008 and as of March of 2012, it had grown to 24 employees at 2 locations. Harmony Bank has a 5-star health rating.

Harmony Bank Routing Number: 031207979

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Data for Q1 2012

Institution Statistics Harmony Bank FDIC Certificate # 58713 BankRate Report View Year Established 2008 Employees 24 Primary Regulator FDIC Assets and Liabilities Assets $134.38 million Loans $94.79 million Deposits $117.78 million Equity Capital $16.13 million Loan Loss Allowance $1.27 million Unbacked Noncurrent Loans $954,000 Historic Data - March 2011 Assets $95.50 million Equity Capital $12.01 million Loan Loss Allowance $989,000 Unbacked Noncurrent Loans $250,000 Profit Margin - Quarterly Net Interest Margin 3.8% Return on Assets 0.47% Return on Equity 3.79% Interest Income $1.46 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Harmony Bank had $954,000 in non-current loans and owned real-estate with $17.4 million in equity and loan loss allowances on hand to cover it. This gives Harmony Bank a Texas Ratio of 5.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Harmony Bank held steady from 1.92% as of March 31, 2011 to 5.48% as of March 31, 2012, resulting in a negative change of 185.17%. This indicates that the balance sheet and financial strength for Harmony Bank has held steady in recent periods. Deposit Growth In the past year, Harmony Bank has increased its total deposits by $34.58 million, resulting in 41.57% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Harmony Bank has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Harmony Bank has $134.38 million in assets with $17.4 million in equity, resulting in a capitalization level of 12.95%, which is excellent.

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