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Country Bank

Carmel, NY · Cert 27226

FDIC · 6 branches

Q4 2019

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: Q4 2019, the quarter ended December 31, 2019, 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

Country Bank

Carmel, NY · Cert 27226

FDIC · 6 branches

Q4 2019

$795.7MAssets
$621.8MLoans
$650.7MDeposits
$88.2MEquity
Loan mix
97%RE $452.2M3%C&I $12.9M1%Consumer $3.2MQ4 2018Q4 2019
Deposit mix
84%Interest-bearing $548.0M16%Noninterest $102.7MQ4 2018Q4 2019

NIM

4.79%Q4 ’175.12%Q4 ’185.01%Q4 ’19+5%-10%

Non-interest income vs. expense

2.17%Q4 ’172.18%Q4 ’182.04%Q4 ’19+0%-6%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2019 SOD (annual) · 0.0% share · #90 of 187 inst. · $0.7B of $1861.3B

0.0% New York
1.9% Bronx
0.1% Westchester

Executive Summary

  • Earnings: ROA of 1.29%, down 18 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.68% of loans (+4 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.85%, down 17 bps from a year ago.
  • Funding: loans stand at 95.57% of deposits as of Q4 2019.

Financial Results

Return on Assets (YTD, annualized)

1.29%-18 bps YoY

Net Interest Margin (YTD, annualized)

3.58%-38 bps YoY

Efficiency Ratio (YTD, annualized)

55.90%+184 bps YoY

Tier 1 Leverage Ratio

9.85%-17 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2018Q1 2019Q2 2019Q3 2019Q4 2019YoY ΔTrend
Earnings
Return on Assets1.47%1.59%1.48%1.40%1.29%-18 bps
Return on Equity14.71%15.46%14.12%13.09%11.99%-272 bps
Net Interest Margin3.96%3.87%3.69%3.60%3.58%-38 bps
Efficiency Ratio54.06%50.33%52.17%53.05%55.90%+184 bps
Non-Interest Burden2.11%1.92%1.90%1.88%1.97%-13 bps
Growth
Asset Growth (YoY)6.02%10.86%11.10%10.66%9.35%+333 bps
Loan Growth (YoY)9.77%10.29%11.49%11.48%10.56%+79 bps
Deposit Growth (YoY)6.19%9.69%9.28%7.63%7.00%+81 bps
Asset Quality
Nonperforming Loans / Loans0.63%0.60%0.80%0.70%0.68%+4 bps
Net Charge-Offs / Loans0.02%0.03%0.02%0.00%0.01%-1 bps
Allowance / Loans1.26%1.24%1.21%1.22%1.21%-5 bps
Allowance Coverage of NPLs2.0x2.1x1.5x1.7x1.8x-0.2x
Capital
Tier 1 Leverage Ratio10.02%9.81%9.73%9.82%9.85%-17 bps
Total Risk-Based Capital13.59%13.49%13.25%13.29%13.04%-55 bps
Equity / Assets10.16%10.44%10.83%11.30%11.08%+93 bps
Liquidity & Funding
Loans / Deposits92.49%90.27%91.11%92.51%95.57%+308 bps
Liquid Assets / Assets1.82%2.84%2.43%1.74%1.99%+17 bps
CRE / Total Capitaln/an/an/an/an/an/an/a