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Elmira Savings Bank, FSB, The

Elmira, NY · Cert 16001

FDIC · 12 branches

Q1 2022

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2022, the quarter ended March 31, 2022, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Elmira Savings Bank, FSB, The

Elmira, NY · Cert 16001

FDIC · 12 branches

Q1 2022

$613.6MAssets
$458.5MLoans
$524.4MDeposits
$64.6MEquity
Loan mix
90%RE $376.4M4%C&I $17.5M6%Consumer $24.9MQ1 2021Q1 2022
Deposit mix
78%Interest-bearing $408.3M22%Noninterest $116.0MQ1 2021Q1 2022

NIM

3.95%Q1 ’203.35%Q1 ’212.90%Q1 ’22-2%-5%

Non-interest income vs. expense

2.72%Q1 ’202.90%Q1 ’212.27%Q1 ’22-13%-1%

Market Position · Elmira, NY · 2021 SOD (annual) · 23.8% share · #2 of 7 inst. · $0.3B of $1.4B

23.8% Chemung
4.8% Tompkins
3.8% Steuben
1.7% Cayuga

Executive Summary

  • Earnings: ROA of 0.75%, up 1 bps year over year; NIM at 2.69%.
  • Asset quality: problem loans at 0.82% of loans (-30 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 9.04%, up 92 bps from a year ago.
  • Funding: loans stand at 87.44% of deposits as of Q1 2022.

Financial Results

Return on Assets (YTD, annualized)

0.75%+1 bps YoY

Net Interest Margin (YTD, annualized)

2.69%-14 bps YoY

Efficiency Ratio (YTD, annualized)

70.36%-256 bps YoY

Tier 1 Leverage Ratio

9.04%+92 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2021Q2 2021Q3 2021Q4 2021Q1 2022YoY ΔTrend
Earnings
Return on Assets0.74%0.80%0.85%0.81%0.75%+1 bps
Return on Equity7.89%8.48%8.86%8.37%7.27%-62 bps
Net Interest Margin2.83%2.75%2.82%2.88%2.69%-14 bps
Efficiency Ratio72.93%70.97%70.19%71.29%70.36%-256 bps
Non-Interest Burden1.71%1.63%1.65%1.75%1.69%-2 bps
Growth
Asset Growth (YoY)10.26%-4.02%-4.52%-1.92%-6.98%-1,723 bps
Loan Growth (YoY)-5.49%-9.61%-10.24%-4.61%-5.66%-17 bps
Deposit Growth (YoY)11.68%0.04%-0.90%-1.81%-6.54%-1,822 bps
Asset Quality
Nonperforming Loans / Loans1.11%1.05%0.68%0.70%0.82%-30 bps
Net Charge-Offs / Loans0.03%0.05%0.08%0.06%0.04%+1 bps
Allowance / Loans1.21%1.21%1.20%1.20%1.21%+1 bps
Allowance Coverage of NPLs1.1x1.2x1.8x1.7x1.5x+0.4x
Capital
Tier 1 Leverage Ratio8.11%8.19%8.40%8.73%9.04%+92 bps
Total Risk-Based Capital14.37%14.98%15.37%15.52%15.99%+162 bps
Equity / Assets9.31%9.60%9.84%10.11%10.53%+122 bps
Liquidity & Funding
Loans / Deposits86.64%86.35%85.41%86.77%87.44%+81 bps
Liquid Assets / Assets16.17%16.40%17.12%16.22%14.66%-151 bps
CRE / Total Capitaln/an/an/an/an/an/an/a