Hudson Valley Bank

Yonkers, NY · Cert 20693

FDIC · 28 branches

Q1 2015

$3.2BAssets

$2.0BLoans

$2.9BDeposits

$297.4MEquity

Loan mix

Deposit mix

NIM

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2014 SOD (annual) · 0.2% share · #36 of 226 inst. · $2.9B of $1405.9B

3.4% Westchester

0.0% New York

1.9% Bronx

0.9% Rockland

Earnings: ROA of 0.64%, up 44 bps year over year; NIM at 3.06%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.

Return on Assets (YTD, annualized)

0.64%+44 bps YoY

Net Interest Margin (YTD, annualized)

3.06%+10 bps YoY

Efficiency Ratio (YTD, annualized)

73.46%-1,761 bps YoY

Tier 1 Leverage Ratio

9.26%

Year to date, annualized, through each quarter.

Metric	Q1 2014	Q2 2014	Q3 2014	Q4 2014	Q1 2015	YoY Δ	Trend
Earnings
Return on Assets	0.20%	0.25%	0.31%	0.27%	0.64%	+44 bps
Return on Equity	2.12%	2.72%	3.32%	2.89%	6.90%	+478 bps
Net Interest Margin	2.96%	2.86%	2.81%	2.93%	3.06%	+10 bps
Efficiency Ratio	91.06%	88.05%	85.42%	86.76%	73.46%	-1,761 bps
Non-Interest Burden	2.65%	2.46%	2.33%	2.49%	2.16%	-49 bps
Growth
Asset Growth (YoY)	2.67%	8.13%	3.24%	4.63%	10.42%	+775 bps
Loan Growth (YoY)	17.29%	19.52%	15.83%	18.13%	18.82%	+153 bps
Deposit Growth (YoY)	3.99%	8.95%	3.91%	5.58%	11.53%	+755 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	-0.20%	-0.08%	-0.04%	0.02%	0.07%	+27 bps
Allowance / Loans	1.62%	1.54%	1.52%	1.42%	1.44%	-18 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	n/a	n/a	9.26%	n/a	n/a
Total Risk-Based Capital	17.16%	15.66%	15.25%	14.84%	14.89%	-227 bps
Equity / Assets	9.68%	8.85%	9.13%	9.27%	9.29%	-39 bps
Liquidity & Funding
Loans / Deposits	64.75%	61.83%	65.99%	69.31%	68.98%	+423 bps
Liquid Assets / Assets	19.26%	14.25%	9.52%	8.41%	10.21%	-905 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a