New Jersey Community Bank Reports First Quarter 2014 Results

FREEHOLD, NJ–(Marketwired – Apr 30, 2014) – New Jersey Community Bank (OTCQB: NJCB) (the “Bank”) reported net loss of $8 thousand for the three months ended March 31, 2014, compared with a net income of $90 thousand, or $0.05 per common share, for the same period in the prior year. The earnings for the quarter were negatively impacted due to increased levels of non-accruing loans, which in turn affected the interest income on loans. Net interest margin decreased 16 basis points year over year largely due to a decline of 23 basis points in yield of interest-earning assets.