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Saratoga National Bank and Trust Company

Saratoga Springs, NY · Cert 27290

FDIC · 11 branches

Q3 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

Basis

Quarter: Q3 2024, the quarter ended September 30, 2024, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating in a single state (n=281 to 282). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

34

Q2 2024Q3 2024peer median (50)

Asset Quality

42

Q2 2024Q3 2024peer median (50)

Profitability

33

Q2 2024Q3 2024peer median (50)

Liquidity

0

Q2 2024Q3 2024peer median

Efficiency

86

Q2 2024Q3 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

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

Saratoga National Bank and Trust Company

Saratoga Springs, NY · Cert 27290

FDIC · 11 branches

Q3 2024

$1.2BAssets
$973.9MLoans
$719.8MDeposits
$101.0MEquity
Loan mix
61%RE $527.3M6%C&I $51.8M33%Consumer $278.9MQ3 2023Q3 2024
Deposit mix
78%Interest-bearing $559.8M22%Noninterest $160.0MQ3 2023Q3 2024

NIM

3.23%Q3 ’223.78%Q3 ’234.65%Q3 ’24-28%-4%

Non-interest income vs. expense

1.58%Q3 ’221.59%Q3 ’231.31%Q3 ’24+11%-29%

Market Position · Albany-Schenectady-Troy, NY · 2024 SOD (annual) · 2.5% share · #10 of 24 inst. · $0.7B of $29.6B

8.9% Saratoga
0.5% Albany
0.9% Schenectady
1.0% Rensselaer

Executive Summary

  • Earnings: ROA of 0.82%, up 14 bps year over year; NIM at 2.08%.
  • Asset quality: problem loans at 0.18% of loans (-2 bps YoY), with net charge-offs at 0.14%.
  • Capital: tier 1 leverage ratio of 9.41%, down 57 bps from a year ago.
  • Funding: loans stand at 135.30% of deposits as of Q3 2024.

Financial Results

Return on Assets (YTD, annualized)

0.82%+14 bps YoY

Net Interest Margin (YTD, annualized)

2.08%-10 bps YoY

Efficiency Ratio (YTD, annualized)

51.77%-1,056 bps YoY

Tier 1 Leverage Ratio

9.41%-57 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.67%0.46%0.73%0.81%0.82%+14 bps
Return on Equity7.53%5.21%8.44%9.39%9.47%+194 bps
Net Interest Margin2.18%2.06%2.03%2.04%2.08%-10 bps
Efficiency Ratio62.33%62.18%51.32%52.93%51.77%-1,056 bps
Non-Interest Burden1.22%1.15%0.78%0.84%0.86%-36 bps
Growth
Asset Growth (YoY)12.53%18.60%18.74%13.23%14.02%+149 bps
Loan Growth (YoY)24.89%24.19%26.08%24.41%23.07%-182 bps
Deposit Growth (YoY)-2.74%6.53%5.54%-1.54%-7.76%-502 bps
Asset Quality
Nonperforming Loans / Loans0.21%0.16%0.17%0.18%0.18%-2 bps
Net Charge-Offs / Loans0.03%0.02%0.06%0.20%0.14%+11 bps
Allowance / Loans1.12%1.11%1.14%1.03%1.03%-9 bps
Allowance Coverage of NPLs5.4x6.8x6.5x5.7x5.6x+0.2x
Capital
Tier 1 Leverage Ratio9.97%9.58%9.40%9.38%9.41%-57 bps
Total Risk-Based Capital14.33%13.73%13.62%13.39%13.24%-108 bps
Equity / Assets8.55%8.65%8.55%8.66%8.75%+20 bps
Liquidity & Funding
Loans / Deposits101.41%111.93%119.39%125.50%135.30%+3,389 bps
Liquid Assets / Assets4.61%4.45%4.18%3.36%3.71%-90 bps
CRE / Total Capitaln/an/an/an/an/an/an/a

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. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Saratoga National Bank and Trust Company

Saratoga Springs, NY · Cert 27290 · Peer group: banks $1B-$10B in assets operating in a single state (n=281-282)

FDIC · 11 branches

Q3 2024

$1.2BAssets
$973.9MLoans
$719.8MDeposits
$101.0MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 86% of banks $1B-$10B in assets operating in a single state (rank 40 of 282).
  • Widest gap: net interest margin trails 90% of banks $1B-$10B in assets operating in a single state (rank 254 of 282).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.78%

Rank 167 of 282

Net Interest Margin

2.08%

Rank 254 of 282

Efficiency Ratio

51.77%

Rank 40 of 282

Equity / Assets

8.75%

Rank 196 of 282

Non-interest income vs. expense

$5.2M$15.0MINCOMEEXPENSE
Unfavorable gap of $9.8M · efficiency ratio beats 86% of banks $1B-$10B in assets operating in a single state
Bank 51.77%Peer median 67.1%Q2 2024Q3 2024Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.78%0.53%0.88%1.23%Beats 41%167 / 282
Return on Equity8.96%5.95%8.98%12.11%Beats 49%142 / 281
Net Interest Margin2.08%2.48%2.88%3.44%Beats 10%254 / 282
Efficiency Ratio51.77%57.32%67.09%76.33%Beats 86%40 / 282
Asset Quality
Nonperforming Loans / Loans0.18%0.13%0.34%0.82%Beats 66%96 / 282
Net Charge-Offs / Loans0.17%0.01%0.03%0.10%Beats 17%235 / 282
Capital
Tier 1 Capital Ratio12.04%11.48%13.06%14.94%Beats 33%188 / 282
Total Risk-Based Capital Ratio13.24%12.24%13.97%15.89%Beats 38%174 / 282
Equity / Assets8.75%8.47%9.60%11.29%Beats 30%196 / 282
Liquidity & Funding
Loans / Deposits135.30%71.71%84.91%96.69%98th pctl5 / 282
Loans / Assets84.32%62.45%70.53%79.09%92nd pctl23 / 282
Brokered Deposits / Depositsn/aNot reported for this institution