Hudson City Savings Bank

Paramus, NJ · Cert 13074

FDIC · 135 branches

Q3 2015

$35.1BAssets

$19.2BLoans

$18.0BDeposits

$4.4BEquity

Loan mix

Deposit mix

NIM

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2015 SOD (annual) · 1.1% share · #16 of 219 inst. · $16.3B of $1502.0B

9.1% Bergen

13.6% Ocean

8.5% Morris

5.9% Monmouth

Earnings: ROA of -0.10%, down 48 bps year over year; NIM at 0.47%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.

Return on Assets (quarter, annualized)

-0.10%-48 bps YoY

Net Interest Margin (quarter, annualized)

0.47%-62 bps YoY

Efficiency Ratio (quarter, annualized)

179.70%+11,235 bps YoY

Tier 1 Leverage Ratio

12.22%

Discrete quarter, annualized.

Metric	Q3 2014	Q4 2014	Q1 2015	Q2 2015	Q3 2015	YoY Δ	Trend
Earnings
Return on Assets	0.38%	0.41%¹	0.05%¹	0.38%¹	-0.10%	-48 bps
Return on Equity	3.18%	3.40%	0.39%	3.07%	-0.81%	-399 bps
Net Interest Margin	1.09%	0.92%	0.81%	0.61%	0.47%	-62 bps
Efficiency Ratio	67.35%	80.87%	100.28%	119.63%	179.70%	+11,235 bps
Non-Interest Burden	0.73%	0.74%	0.81%	0.72%	0.86%	+13 bps
Growth
Asset Growth (YoY)	-5.18%	-5.29%	-5.50%	-6.05%	-5.54%	-36 bps
Loan Growth (YoY)	-9.25%	-10.55%	-12.35%	-14.55%	-14.12%	-487 bps
Deposit Growth (YoY)	-9.49%	-9.70%	-10.17%	-11.31%	-10.48%	-100 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.17%	0.13%	0.09%	0.10%	0.09%	-7 bps
Allowance / Loans	1.08%	1.09%	1.10%	1.13%	1.15%	+7 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	11.83%	12.14%	12.22%	n/a
Total Risk-Based Capital	27.93%	28.75%	31.36%	33.48%	34.48%	+655 bps
Equity / Assets	12.00%	12.11%	12.25%	12.62%	12.64%	+64 bps
Liquidity & Funding
Loans / Deposits	111.35%	111.11%	109.81%	108.61%	106.83%	-452 bps
Liquid Assets / Assets	18.93%	20.40%	20.17%	18.61%	20.07%	+114 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a