Slide 1: Unity Bancorp
@ Unity Bancorp 6/30/2022 NASDAQ: UNTY
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain forwardooking statements with respect to Unity Bancorp’s financial condition, results of operations and business. Do not unduly rely on forwatdoking statements. Forward looking statements can be identifiedby the use ofwords such as “may,” “sho
Slide 3: Company Snapshot
Company Snapshot « Founded September 16, 1991 * Headquartered in Clinton, New Jersey * Approximately $2.1 billion in assets and $1.7 billion in deposits * Unity Bank provides financial services to retail, corporate and small business customers through its 20 retail service offices located in Bergen,
Slide 4: Bank Franchise
Bank Franchise UNITY BANK BRANCH LOCATIONS ia Northampton County: 1) Bethlchem, PA 2) Forks, PA New Jersey Bergen County: 3) Emerson, NJ 4) Ramsey, NJ Hunterdon County: 5) Clinton, NJ 6) Flemington, NJ 7) Whitehouse Station, NJ Middlesex County: 8) Edison, NJ 9) Highland Park, NJ 10) Middlesex, NJ 1
Slide 5: Executive Management Team
Executive Management Team James A. Hughes, CPA George Boyan John J. Kauchak Janice Bolomey President Chief Financial Officer Chief Operating Officer Director of Sales/ Chief Executive Officer ChiefAdministrative Officer ae _ Joined in 2000 Joined in 2021 Joined in 1996 Joined in 2001 Summit Bancorp,
Slide 6: Engaged Board of Directors
Engaged Board of Directors @ David Dallas, Chairman of the Board, and Robert Dallas, Board Member, both founding members of the Bank @ Average tenure of Board Members is 15 years Diverse experience including financial industry, medical professionals and business ownership Director and Executive Offi
Slide 7: Recent Financial Performance
© Recent Financial Performance
Slide 8: Financial Highlights
Financial Highlights $1,801.6 $1.74 $1,758.9 1,698.0 $1.60 al $1,649. 6/30/2021 6/30/2022 YTD YTD 12/31/2021 6/30/2022 = Diluted EPS Total Loans Total Deposits Total Loans — 9.2% increase ¢ Total Deposits — 3.5% decrease ¢ 17.7% increase in residential mortgage loans * 6.2% decrease in time deposits
Slide 9: Historical Growth
Historical Growth (dollars in millions) SHTI89 2018 = 2019-2020 20216302022 2018 201920202021 63072022 2020 © 20216302022
Slide 10: Loan Mix
Loan Mix (dollars in millions) $2,000.00 Loan Composition - Regulatory Classification —in N $1,8016 ate $1,800.00 Coe 2018 2019 2020 2021 6730/2022 ‘Commercial «Residential Consumer construction u Consumer PPP uSBA
Slide 11: Deposit Trend
Deposit Trend (dollars in millions) $2,000.00 $1,800.00 $1,7500 soso Deposit Composition . umbo CDs. Money Market, $1,600.00 $1,558.0 $5292 $1,400.00 = got s12077 812601 $4507 $1,200.00 s270p «$2798 $1,000.00 $800.00 $600.00 $400.00 $200.00 $ 2018 2019 2020 2021 6/30/2022 Savings deposits Time depos
Slide 12: Summary Income Statement and Profitability
Summary Income Statement and Profitability (dollars in millions) 6/30/2021 YTD 6/30/2022 YTD ‘Net Interest Income 36.5 417 Provision for Loan Losses 0.5 10 ‘Noninterest Income 6.6 5.0 ‘Noninterest Expense 20.3 211 Provision for Income Taxes 54 6.0 (Net Income 16.9 18.6 Diluted Earnings Per Share 1.6
Slide 13: Net Interest Income & Net Interest Margin
Net Interest Income & Net Interest Margin (dollars in millions) $90.00 450% | $90.00 428%5 450%) 416% soy ng $80.00 $80.00 4.00%) $70.00 $70.00 3.50% $60.00 $60.00 3.00% $50.00 $50.00 2.50% sr $10.00 $40.00 S368 2.00% $30.00 $30.00 1.50% $20.00 $20.00 1.004 $10.00 $10.00 0.50% cS s 0.00% 6302021 630
Slide 14: Noninterest Income
Noninterest Income (dollars in millions) $14.00 $7.00 so $6.6 $i2t $12.00 $6.00 sso r sos ’ $10.00 = $5.00 $8.00 $4.00 $6.00 $3.00 $4.00 $2.00 $2.00 $1.00 s. —_— s. 2018 2019 2020 2021 6/30/2021 6/30/2022 ‘uNoninterest income “Noninterest Income
Slide 15: Noninterest Expense
Noninterest Expense (dollars in millions) $50.00 23305 2.50% $25.00 2.50% : 225% 2.24% aie $45.00 ee — ial a 2.05% $40.00 + 2.00% $20.00 2.00% $35.00 $30.00 } + 1.50% S100 rae $25.00 } $10.00 1.00% $20.00 } 1.00% $15.00 } $5.00 4 0.50% $10.00 } + 0.50% $5.00 s 4 0.00% s 4 | 0.00% 6302021 6/30/2022 2
Slide 16: Profitability Progression
Profitability Progression $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 S $136 : 2018 $2.14 S219 HW 2019 2020 2021 Dividends Per Share Diluted EPS $1.80 SLI $1.60 $1.20 $1.00 f $0.80 | $0.60 $0.40 5 0.17 m. $0.20 oul $0.21 $ 2021 6/30/2021 6/30/2022 Dividends Per Share Diluted EPS
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