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Troy Savings Bank, The

Troy, NY · Cert 16073

FDIC

Q4 2003

$1.1BAssets
$753.5MLoans
$827.1MDeposits
$134.7MEquity
Loan mix
80%RE $357.4M20%C&I $87.5M0%Consumer $1.0MQ4 2002Q4 2003
Deposit mix
98%Interest-bearing $813.2M2%Noninterest $13.9MQ4 2002Q4 2003

NIM

6.38%Q4 ’015.70%Q4 ’024.76%Q4 ’03+2%-9%

Non-interest income vs. expense

2.49%Q4 ’012.71%Q4 ’022.92%Q4 ’03+6%+14%

Executive Summary

  • Earnings: ROA of 0.55%, down 48 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 91.11% of deposits as of Q4 2003.

Financial Results

Return on Assets (quarter, annualized)

0.55%-48 bps YoY

Net Interest Margin (quarter, annualized)

3.46%-36 bps YoY

Efficiency Ratio (quarter, annualized)

72.13%+1,173 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets1.04%1.11%1.11%1.11%0.55%-48 bps
Return on Equity9.31%9.18%9.17%9.59%4.74%-456 bps
Net Interest Margin3.82%3.79%3.80%3.52%3.46%-36 bps
Efficiency Ratio60.41%59.18%59.50%66.40%72.13%+1,173 bps
Non-Interest Burden2.05%1.98%2.00%2.14%2.34%+29 bps
Growth
Asset Growth (YoY)0.95%3.21%3.65%-0.09%0.61%-34 bps
Loan Growth (YoY)2.22%2.97%0.69%-0.69%-3.35%-557 bps
Deposit Growth (YoY)1.33%0.86%-0.20%1.19%2.04%+71 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.06%0.05%0.07%0.14%+10 bps
Allowance / Loans1.87%1.87%1.90%1.93%1.94%+7 bps
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 Capital14.08%14.20%14.24%14.54%15.38%+130 bps
Equity / Assets12.07%12.17%12.05%11.07%12.40%+32 bps
Liquidity & Funding
Loans / Deposits96.18%96.99%94.68%91.40%91.11%-508 bps
Liquid Assets / Assets0.14%0.10%0.25%5.18%5.32%+518 bps
CRE / Total Capitaln/an/an/an/an/an/an/a