Slide 1: 2025 Shareholders' Meeting
2025 Shareholders’ Meeting April 24, 2025
Slide 2: 2024 vs. 2023 Results
1 2024 vs. 2023 Results Net income Net income (in thousands) $ 41,450 $ 39,707 Net income per common share - Diluted 4.06 3.84 Operating Ratios Return on average assets 1.68 % 1.63 % Return on average equity 14.99 16.05 Net interest margin 4.16 4.06 Noninterest expense / average assets 1.98 1.93 FY
Slide 3: 1st Quarter Results
2 1 st Quarter Results Net income Net income (in thousands) $ 11,598 $ 11,505 Net income per common share - Diluted 1.13 1.13 Operating Ratios Return on average assets 1.83 % 1.83 % Return on average equity 15.56 15.77 Net interest margin 4.46 4.37 Noninterest expense / average assets 1.99 2.01 1Q20
Slide 4: Unity Bank's Footprint
3 Unity Bank’s Footprint 21 Unity Bank Locations New Jersey Bergen County: 1) Emerson, NJ - O 2) Fort Lee, NJ - L Hunterdon County: 3) Clinton, NJ - O 4) Flemington, NJ - O 5) Whitehouse Station, NJ - O Middlesex County: 6) Edison, NJ - O 7) Highland Park, NJ - O 8) Middlesex, NJ - O 9) South Plainf
Slide 5: Loan and Deposit Growth
4 Loan and Deposit Growth (dollars in thousands, except percentages) SBA $ 50,472 $ 59,144 (14.7) % Commercial 1,411,629 1,277,460 10.5 Residential Mortgage 630,927 631,506 (0.1) Consumer 76,711 72,676 5.6 Residential Construction 90,918 131,277 (30.7) Total Gross Loans $ 2,260,657 $ 2,172,063 4.1 %
Slide 6: Asset Quality Remains Strong
5 Asset Quality Remains Strong Net Charge-Offs as a percentage of Average Loans were 0.09%, 0.07% and 0.09% for the periods FY2023, FY 2024, and Q1 2025 (annualized), respectively.
Slide 7: Summary Income Statement
6 Summary Income Statement (dollars in thousands) 2024 2023 Net Interest Income $ 98,611 $ 94,997 3.8 % Provision for Credit Losses 3,168 3,949 24.7 Noninterest Income 8,142 8,469 4.0 Noninterest Expense 48,741 46,976 3.8 Provision for Income Taxes 12,940 13,288 (2.6) Net Income $ 41,450 $ 4.4 39,70
Slide 8: Net Interest Margin
7 Net Interest Margin 4.71% 4.58% 4.92% 6.13% 6.57% 3.85% 4.16% 4.40% 4.06% 4.16% 0.92% 0.45% 0.56% 2.24% 2.65% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 2020 2021 2022 2023 2024 Yield on Earning Assets Net Interest Margin Cost of Funds
Slide 9: Noninterest Income – Area of Focus
8 Noninterest Income – Area of Focus (dollars in thousands)
Slide 10: Noninterest Expense
9 Noninterest Expense (dollars in thousands) Compensation $ 25,166 $ % 25,476 Benefits 4,583 3,575 Processing and communications 3,473 2,994 Occupancy 3,184 3,087 Furniture and equipment 3,140 2,780 Professional services 1,683 1,563 Advertising 1,611 1,436 Loan related expenses 1,138 918 Deposit ins
Slide 11: Consistent Book Value Growth
10 Consistent Book Value Growth $16.63 $19.80 $22.60 $25.98 $29.48 $17.55 $26.25 $27.33 $29.59 $43.61 $- $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00 $45.00 $50.00 2020 2021 2022 2023 2024 Book Value Per Share Stock Price
Slide 12: Unity's Strategy & Vision
11 Unity’s Strategy & Vision Diversified Business Model Experienced & Proven Management Team High Levels of Management & Board Stock Ownership Best In Class Financial Performance Strong Capital Management Practices
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