Saratoga Springs, NY · Cert 27290
FDIC · 11 branches
Q3 2024
Market Position · Albany-Schenectady-Troy, NY · 2024 SOD (annual) · 2.5% share · #10 of 24 inst. · $0.7B of $29.6B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.67% | 0.46% | 0.73% | 0.81% | 0.82% | +14 bps | |
| Return on Equity | 7.53% | 5.21% | 8.44% | 9.39% | 9.47% | +194 bps | |
| Net Interest Margin | 2.18% | 2.06% | 2.03% | 2.04% | 2.08% | -10 bps | |
| Efficiency Ratio | 62.33% | 62.18% | 51.32% | 52.93% | 51.77% | -1,056 bps | |
| Non-Interest Burden | 1.22% | 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 / Loans | 0.21% | 0.16% | 0.17% | 0.18% | 0.18% | -2 bps | |
| Net Charge-Offs / Loans | 0.03% | 0.02% | 0.06% | 0.20% | 0.14% | +11 bps | |
| Allowance / Loans | 1.12% | 1.11% | 1.14% | 1.03% | 1.03% | -9 bps | |
| Allowance Coverage of NPLs | 5.4x | 6.8x | 6.5x | 5.7x | 5.6x | +0.2x | |
| Capital | |||||||
| Tier 1 Leverage Ratio | 9.97% | 9.58% | 9.40% | 9.38% | 9.41% | -57 bps | |
| Total Risk-Based Capital | 14.33% | 13.73% | 13.62% | 13.39% | 13.24% | -108 bps | |
| Equity / Assets | 8.55% | 8.65% | 8.55% | 8.66% | 8.75% | +20 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 101.41% | 111.93% | 119.39% | 125.50% | 135.30% | +3,389 bps | |
| Liquid Assets / Assets | 4.61% | 4.45% | 4.18% | 3.36% | 3.71% | -90 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a |