PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Greenpoint Bank

Brooklyn, NY · Cert 15960

FDIC

Q4 2004

$32.5BAssets
$19.8BLoans
$12.9BDeposits
$6.8BEquity
Deposit mix
94%Interest-bearing $12.2B6%Noninterest $0.7BQ4 2003Q4 2004

NIM

5.76%Q4 ’024.98%Q4 ’03-8.52%Q4 ’04-11%-269%

Non-interest income vs. expense

2.15%Q4 ’022.07%Q4 ’03-4.82%Q4 ’04-96%+133%

Executive Summary

  • Earnings: ROA of -1.13%, down 317 bps year over year; NIM at -5.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
  • Funding: loans stand at 153.15% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

-1.13%-317 bps YoY

Net Interest Margin (quarter, annualized)

-5.14%-819 bps YoY

Efficiency Ratio (quarter, annualized)

44.69%+593 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets2.04%1.99%2.03%-0.87%-1.13%-317 bps
Return on Equity21.24%20.42%21.60%-9.78%-7.33%-2,856 bps
Net Interest Margin3.04%3.16%2.93%3.04%-5.14%-819 bps
Efficiency Ratio38.76%40.98%40.40%60.34%44.69%+593 bps
Non-Interest Burden-0.22%-0.14%-0.32%1.13%0.07%+29 bps
Growth
Asset Growth (YoY)5.33%6.40%14.46%17.87%41.34%+3,602 bps
Loan Growth (YoY)-5.60%0.68%10.18%15.26%34.10%+3,971 bps
Deposit Growth (YoY)5.89%2.82%5.49%2.80%1.43%-446 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%0.04%0.02%0.02%-0.05%-10 bps
Allowance / Loansn/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital14.35%14.18%13.90%13.56%12.57%-178 bps
Equity / Assetsn/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits115.83%116.03%128.38%137.11%153.15%+3,732 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a