SCHEDULE 14A
(Rule 14A-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14 (a) of the
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YARDVILLE NATIONAL BANCORP
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(Name of Registrant as Specified In Its Charter)
COMMITTEE TO PRESERVE SHAREHOLDER VALUE
Seidman and Associates, L.L.C.
Seidman Investment Partnership, L.P.
Seidman Investment Partnership II, L.P.
Broad Park Investors, L.L.C.
Federal Holdings, L.L.C.
Pollack Investment Partnership, L.P.
Lawrence Seidman
Dennis Pollack
Patrick Robinson
Harold Schechter
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(Name of Person (s) filing Proxy Statement, if other than the Registrant)
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This table compares Yardville National Bancorp (YANB) to 177 public commercial
banks with total assets between $1 billion and $5 billion. In each of the
categories, YANB is below the group median. For Return on Average Assets in
2005, YANB's 0.72% places it in the 11th percentile within the peer group. For
Return on Average Equity in 2005, YANB scores better, but still only places in
the 45th percentile. For Net Interest Margin in 2005, YANB's 3.05% is near the
bottom of the group, ranking the company in the seventh percentile.
ROAA ROAE NET INTEREST MARGIN
2005 Y 2005 Y 2005 Y
COMPANY NAME TICKER (%) (%) (%)
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Yardville National Bancorp YANB 0.72 12.57 3.05
Yardville percentile rank 11 45 7
Median for commercial banks between $1B and $5B in assets 1.14 13.29 4.04
First Oak Brook Bancshares, Inc. FOBB 0.78 12.46 2.56
Century Bancorp, Inc. CNBKA 0.41 6.57 2.58
Intervest Bancshares Corporation IBCA 1.20 16.91 2.70
Signature Bank SBNY 0.42 4.63 2.78
Washington Trust Bancorp, Inc. WASH 0.98 14.80 2.79
Southside Bancshares, Inc. SBSI 0.86 13.88 2.85
Center Bancorp, Inc. CNBC 0.69 8.91 2.89
Cardinal Financial Corporation CFNL 0.74 7.67 2.92
Beverly Hills Bancorp Inc. BHBC 1.08 8.70 2.94
Camco Financial Corporation CAFI 0.82 9.73 3.00
First Charter Corporation FCTR 0.56 7.86 3.05
Great Southern Bancorp, Inc. GSBC 1.14 15.11 3.13
Fidelity Southern Corporation LION 0.79 12.59 3.17
Southern Community Financial Corp. SCMF 0.64 6.03 3.21
1st Source Corporation SRCE 1.00 10.12 3.21
QCR Holdings, Inc. QCRH 0.51 9.14 3.25
EuroBancshares, Inc. EUBK 0.74 10.00 3.26
Peapack-Gladstone Financial Corporation PGC 1.12 13.49 3.27
Harleysville National Corporation HNBC 1.28 14.22 3.27
Peoples Bancorp Inc. PEBO 1.12 11.52 3.28
Horizon Bancorp HBNC 0.71 13.67 3.28
Oriental Financial Group Inc. OFG 1.39 16.22 3.28
Midwest Banc Holdings, Inc. MBHI 0.26 3.54 3.31
Bancorp Rhode Island, Inc. BARI 0.71 9.98 3.35
Cascade Financial Corporation CASB 1.13 13.13 3.35
ITLA Capital Corporation ITLA 0.90 12.12 3.43
Integra Bank Corporation IBNK 0.99 12.62 3.44
WesBanco, Inc. WSBC 0.95 10.13 3.48
First United Corporation FUNC 0.95 13.61 3.49
Sun Bancorp, Inc. SNBC 0.63 6.76 3.50
Exchange National Bancshares, Inc. EXJF 0.91 10.47 3.50
Mercantile Bank Corporation MBWM 1.05 12.05 3.50
Hills Bancorporation HBIA 1.12 14.47 3.51
Summit Financial Group, Inc. SMMF 1.16 15.87 3.51
Pinnacle Financial Partners, Inc. PNFP 0.93 13.23 3.53
Mercantile Bancorp, Inc. MBR 0.88 10.59 3.55
ROAA ROAE NET INTEREST MARGIN
2005 Y 2005 Y 2005 Y
COMPANY NAME TICKER (%) (%) (%)
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Yardville National Bancorp YANB 0.72 12.57 3.05
Yardville percentile rank 11 45 7
Median for commercial banks between $1B and $5B in assets 1.14 13.29 4.04
PrivateBancorp, Inc. PVTB 1.12 15.70 3.55
IBERIABANK Corporation IBKC 0.81 8.41 3.56
MBT Financial Corporation MBTF 1.13 11.57 3.57
Baylake Corp. BYLK 0.82 11.51 3.60
U.S.B. Holding Co., Inc. UBH 1.19 17.16 3.60
Citizens & Northern Corporation CZNC 1.13 9.80 3.62
West Bancorporation, Inc. WTBA 1.68 20.00 3.62
First National Community Bancorp, Inc. FNCB 1.18 13.96 3.64
Arrow Financial Corporation AROW 1.28 15.94 3.64
Old Second Bancorp, Inc. OSBC 1.24 19.11 3.64
Financial Institutions, Inc. FISI 0.10 1.22 3.65
Main Street Trust, Inc. MSTI 1.24 13.40 3.67
Republic Bancorp, Inc. RBCAA 1.33 16.56 3.67
Camden National Corporation CAC 1.34 16.99 3.68
Oak Hill Financial, Inc. OAKF 0.96 12.39 3.70
Lakeland Financial Corporation LKFN 1.20 16.59 3.70
Wilson Bank Holding Company WBHC 1.12 12.59 3.71
Merchants and Manufacturers Bancorporation, Inc. MMBI 0.36 5.41 3.72
Farmers Capital Bank Corporation FFKT 1.08 11.74 3.72
First Busey Corporation BUSE 1.28 17.97 3.72
Lakeland Bancorp, Incorporated LBAI 0.94 10.55 3.73
Community Banks, Inc. CMTY 0.96 8.04 3.76
NBC Capital Corporation NBY 0.97 11.79 3.76
Banner Corporation BANR 0.41 5.62 3.79
Commercial Bankshares, Inc. CLBK 1.27 15.53 3.79
Pennsylvania Commerce Bancorp, Inc. COBH 0.61 9.91 3.80
Macatawa Bank Corporation MCBC 1.17 15.30 3.80
Taylor Capital Group, Inc. TAYC 1.05 17.41 3.80
Prosperity Bancshares, Inc. PRSP 1.42 11.56 3.81
Colony Bankcorp, Inc. CBAN 0.87 13.78 3.81
National Penn Bancshares, Inc. NPBC 1.31 13.69 3.82
First National Lincoln Corporation FNLC 1.36 12.98 3.84
First Indiana Corporation FINB 1.32 14.39 3.85
First Mariner Bancorp FMAR 0.59 11.44 3.88
Texas Capital Bancshares, Inc. TCBI 0.97 13.29 3.88
Independent Bank Corp. INDB 1.11 15.10 3.88
Omega Financial Corporation OMEF 1.15 7.13 3.92
First Financial Corporation THFF 1.07 8.52 3.92
FNB Corporation FNBP 1.22 11.35 3.94
First Merchants Corporation FRME 0.95 9.58 3.95
Heartland Financial USA, Inc. HTLF 0.84 12.55 3.95
First Financial Bancorp FFBC 1.00 10.40 3.96
Seacoast Banking Corporation of Florida SBCF 1.07 14.95 3.97
MainSource Financial Group, Inc. MSFG 1.04 11.27 3.99
Northern Empire Bancshares NREB 1.47 17.33 3.99
ROAA ROAE NET INTEREST MARGIN
2005 Y 2005 Y 2005 Y
COMPANY NAME TICKER (%) (%) (%)
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Yardville National Bancorp YANB 0.72 12.57 3.05
Yardville percentile rank 11 45 7
Median for commercial banks between $1B and $5B in assets 1.14 13.29 4.04
NBT Bancorp Inc. NBTB 1.21 15.86 4.01
Mechanics Bank MCHB 0.98 10.79 4.03
Community Trust Bancorp, Inc. CTBI 1.22 13.98 4.03
Merchants Bancshares, Inc. MBVT 1.13 18.26 4.03
Royal Bancshares of Pennsylvania, Inc. RBPAA 2.55 22.01 4.03
Chemical Financial Corporation CHFC 1.40 10.72 4.04
Univest Corporation of Pennsylvania UVSP 1.46 14.87 4.04
Southern Bancshares (North Carolina), Inc. SBNC 0.92 9.56 4.05
Renasant Corporation RNST 1.03 10.29 4.05
Interchange Financial Services Corporation IFCJ 1.28 12.38 4.05
S&T Bancorp, Inc. STBA 1.90 16.57 4.05
Glacier Bancorp, Inc. GBCI 1.52 17.61 4.06
Yadkin Valley Bank and Trust Company YAVY 1.14 9.78 4.10
Enterprise Financial Services Corp EFSC 0.98 13.86 4.11
Tompkins Trustco, Inc. TMP 1.36 15.82 4.11
Simmons First National Corporation SFNC 1.08 11.24 4.13
FNB Financial Services Corporation FNBF 0.08 1.09 4.15
FNB Corp. FNBN 1.06 11.25 4.16
State Bancorp, Inc. STBC -2.41 -36.35 4.17
Community Bank System, Inc. CBU 1.19 10.89 4.17
First M & F Corporation FMFC 1.04 10.88 4.18
Bank of the Ozarks, Inc. OZRK 1.65 22.95 4.18
Dacotah Banks, Inc. DBIN 1.06 10.91 4.21
SCBT Financial Corporation SCBT 1.00 13.19 4.23
CoBiz Inc. COBZ 1.10 15.42 4.23
Burke & Herbert Bank & Trust Company BHRB 1.64 16.46 4.24
S.Y. Bancorp, Inc. SYBT 1.70 17.80 4.25
GB&T Bancshares, Inc. GBTB 0.80 6.06 4.26
Canandaigua National Corporation CNND 1.10 15.54 4.28
TowneBank TOWN 1.09 8.72 4.29
Virginia Financial Group, Inc. VFGI 1.23 13.86 4.29
Southwest Bancorp, Inc. OKSB 1.01 13.78 4.30
Virginia Commerce Bancorp, Inc. VCBI 1.45 19.44 4.30
Ameris Bancorp ABCB 1.04 10.87 4.32
Main Street Banks, Inc. MSBK 1.24 10.23 4.33
First Bancorp FBNC 0.94 10.39 4.33
Horizon Financial Corp. HRZB 1.43 12.11 4.34
TIB Financial Corp. TIBB 1.22 16.76 4.38
First Community Bancshares, Inc. FCBC 1.37 13.79 4.39
Sandy Spring Bancorp, Inc. SASR 1.41 16.21 4.39
Firstbank Corporation FBMI 1.15 12.77 4.40
Western Alliance Bancorporation WAL 1.13 14.37 4.40
PAB Bankshares, Inc. PABK 1.31 14.58 4.40
F & M Bancorporation FMBC 1.18 15.98 4.43
Columbia Banking System, Inc. COLB 1.29 13.81 4.44
ROAA ROAE NET INTEREST MARGIN
2005 Y 2005 Y 2005 Y
COMPANY NAME TICKER (%) (%) (%)
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Yardville National Bancorp YANB 0.72 12.57 3.05
Yardville percentile rank 11 45 7
Median for commercial banks between $1B and $5B in assets 1.14 13.29 4.04
Security Bank Corporation SBKC 1.31 12.80 4.46
Union Bankshares Corporation UBSH 1.43 14.50 4.46
Vineyard National Bancorp VNBC 1.21 19.60 4.47
First Financial Bankshares, Inc. FFIN 1.80 16.17 4.49
City Holding Company CHCO 2.09 18.98 4.49
FLAG Financial Corporation FLAG 0.99 11.12 4.50
MetroCorp Bancshares, Inc. MCBI 1.12 12.08 4.51
Farmers & Merchants Bank of Long Beach FMBL 1.84 9.56 4.54
Preferred Bank PFBC 1.67 15.26 4.54
Heritage Commerce Corp HTBK 1.27 13.73 4.58
Summit Bancshares, Inc. SBIT 1.28 16.89 4.58
Greene County Bancshares, Inc. GCBS 1.02 11.09 4.61
Sterling Bancshares, Inc. SBIB 1.02 11.07 4.63
First State Bancorporation FSNM 1.08 14.01 4.64
Wilshire Bancorp Inc. WIBC 1.92 27.21 4.66
Capital Corp of the West CCOW 1.36 18.54 4.69
BancTrust Financial Group, Inc. BTFG 1.19 11.86 4.71
Center Financial Corporation CLFC 1.69 24.04 4.72
Sterling Bancorp STL 1.24 16.04 4.75
BancFirst Corporation BANF 1.39 14.80 4.76
Hanmi Financial Corporation HAFC 1.79 13.94 4.77
Hudson Valley Holding Corp. HUVL 1.58 18.54 4.80
Independent Bank Corporation IBCP 1.45 19.12 4.80
Sterling Financial Corporation SLFI 1.39 13.62 4.81
Texas United Bancshares, Incorporated TXUI 0.87 9.80 4.92
W.T.B. Financial Corporation WTBFB 1.33 14.79 4.94
Bank of Granite Corporation GRAN 1.41 10.70 4.95
Nara Bancorp, Inc. NARA 1.59 22.23 4.95
West Coast Bancorp WCBO 1.28 15.76 4.99
Suffolk Bancorp SUBK 1.59 22.18 5.05
Capital City Bank Group, Inc. CCBG 1.22 10.56 5.08
Capitol Bancorp Ltd. CBC 1.08 13.34 5.09
Farmers & Merchants Bancorp FMCB 1.46 15.26 5.12
TriCo Bancshares TCBK 1.38 16.30 5.14
First Security Group, Inc. FSGI 1.08 8.86 5.15
First National Bank Alaska FBAK 1.61 8.16 5.18
Placer Sierra Bancshares PLSB 1.34 12.51 5.23
Mid-State Bancshares MDST 1.58 13.56 5.32
State National Bancshares, Inc. SNBI 1.17 9.73 5.34
Western Sierra Bancorp WSBA 1.43 14.82 5.37
AmericanWest Bancorporation AWBC 1.29 12.34 5.47
Frontier Financial Corporation FTBK 2.09 18.75 5.48
Centennial Bank Holdings, Inc. CBHI 0.57 2.71 5.51
Exchange Bank of Santa Rosa, California EXSR 1.45 16.35 5.57
Sierra Bancorp BSRR 1.59 21.47 5.63
ROAA ROAE NET INTEREST MARGIN
2005 Y 2005 Y 2005 Y
COMPANY NAME TICKER (%) (%) (%)
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Yardville National Bancorp YANB 0.72 12.57 3.05
Yardville percentile rank 11 45 7
Median for commercial banks between $1B and $5B in assets 1.14 13.29 4.04
Cascade Bancorp CACB 1.97 24.04 5.66
First Regional Bancorp FRGB 1.79 29.32 5.97
First Community Bancorp FCBP 1.68 12.10 6.37
Capital Crossing Bank CAPX 1.56 19.88 6.53
CIB Marine Bancshares, Inc. CIBH NA NA NA
Marquette National Corporation MNAT NA NA NA