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First Niagara Bank

Lockport, NY · Cert 16004

FDIC · 404 branches

Q3 2016

$32.9BAssets
$23.0BLoans
$27.3BDeposits
$4.4BEquity
Loan mix
61%RE $11.5B23%C&I $4.3B16%Consumer $2.9BQ4 2014Q3 2016
Deposit mix
79%Interest-bearing $21.5B21%Noninterest $5.9BQ4 2014Q3 2016

Market Position · Buffalo-Cheektowaga-Niagara Falls, NY · 2016 SOD (annual) · 23.3% share · #2 of 16 inst. · $9.8B of $42.1B

22.0% Erie
2.2% Allegheny
6.3% New Haven
5.1% Montgomery

Executive Summary

  • Earnings: ROA of -0.01%, down 72 bps year over year; NIM at 0.70%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 8.47%, up 35 bps from a year ago.
  • Funding: loans stand at 84.09% of deposits as of Q3 2016.

Return on Assets (YTD, annualized)

-0.01%-72 bps YoY

Net Interest Margin (YTD, annualized)

0.70%-224 bps YoY

Efficiency Ratio (YTD, annualized)

91.90%+2,483 bps YoY

Tier 1 Leverage Ratio

8.47%+35 bps YoY

NIM

3.16%Q3 ’143.08%Q3 ’150.71%Q3 ’16-1%-76%

Non-interest income vs. expense

6.50%Q3 ’142.51%Q3 ’150.81%Q3 ’16-71%-63%

Year to date, annualized, through each quarter.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets-1.76%0.64%0.70%0.71%0.70%0.62%0.62%-0.01%-72 bps
Return on Equity-13.66%5.67%6.18%6.30%6.27%5.57%5.60%-0.10%-640 bps
Net Interest Margin2.98%2.97%2.95%2.94%2.91%2.92%2.87%0.70%-224 bps
Efficiency Ratio68.08%69.49%67.59%67.07%67.24%68.47%68.22%91.90%+2,483 bps
Non-Interest Burden4.72%1.82%1.72%1.68%1.67%1.73%1.68%0.62%-106 bps
Growth
Asset Growth (YoY)2.44%2.42%1.14%3.81%3.55%2.99%2.37%-16.34%-2,016 bps
Loan Growth (YoY)7.39%6.34%4.63%4.02%4.36%4.48%4.08%-3.05%-706 bps
Deposit Growth (YoY)4.10%2.37%3.56%4.08%3.29%4.50%1.69%-6.83%-1,091 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.30%0.30%0.28%0.28%0.28%0.19%0.20%0.01%-26 bps
Allowance / Loans1.02%1.00%1.01%1.01%1.00%1.04%1.04%0.06%-94 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/a8.03%8.07%8.12%8.05%8.00%8.00%8.47%+35 bps
Total Risk-Based Capital11.37%11.53%11.54%11.56%11.55%11.67%11.80%11.26%-30 bps
Equity / Assets11.35%11.33%11.28%11.22%11.03%11.07%11.22%13.46%+224 bps
Liquidity & Funding
Loans / Deposits81.60%80.55%80.90%80.80%82.45%80.53%82.80%84.09%+328 bps
Liquid Assets / Assets15.56%16.09%16.19%16.09%16.80%16.93%15.99%4.37%-1,172 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a