At June 30, 2013, non-performing loans amounted to $636 thousand as compared with $1.0 million at June 30, 2012. The ALLL is 1.26% of total loans.Stockholders' equity increased by $1.5 million or 8.80% to $18.8 million at June 30, 2013 from $17.3 million at June 30, 2012. Tangible book value amounted to $5.80 per share. The Bank is a New Jersey State-chartered bank with five branches; 20 Bingham Avenue, Rumson; 636 River Road, Fair Haven, 500 Broad Street, Shrewsbury, 251 East Main Street, Oceanport and 511 Cookman Avenue, Asbury Park. Please visit our website at www.rfhbank.com for additional information. Statements about the future expectations of the Bank are forward-looking statements: Since these statements involve risks and uncertainties and are subject to change at any time, the Bank's actual results could differ materially from expected results. Among these risks, trends and uncertainties are the effect of governmental regulation on the Bank, the availability of working capital, the cost of personnel, and the competitive market in which the Bank operates.
CONTACT: Gayle S. Hoffman Senior Vice President and Chief Financial Officer (732) 933-4445