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 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.42% | 0.75% | 0.66% | 0.67% | 0.46% | 0.73% | 0.81% | 0.82% | +14 bps | |
| Return on Equity | 15.25% | 8.09% | 7.22% | 7.53% | 5.21% | 8.44% | 9.39% | 9.47% | +194 bps | |
| Net Interest Margin | 3.01% | 2.50% | 2.28% | 2.18% | 2.06% | 2.03% | 2.04% | 2.08% | -10 bps | |
| Efficiency Ratio | 44.86% | 60.07% | 63.06% | 62.33% | 62.18% | 51.32% | 52.93% | 51.77% | -1,056 bps | |
| Non-Interest Burden | 1.09% | 1.34% | 1.29% | 1.22% | 1.15% | 0.78% | 0.84% | 0.86% | -36 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 4.48% | 6.19% | 14.05% | 12.53% | 18.60% | 18.74% | 13.23% | 14.02% | +149 bps | |
| Loan Growth (YoY) | 10.21% | 13.24% | 21.30% | 24.89% | 24.19% | 26.08% | 24.41% | 23.07% | -182 bps | |
| Deposit Growth (YoY) | -5.25% | -7.76% | 0.31% | -2.74% | 6.53% | 5.54% | -1.54% | -7.76% | -502 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.26% | 0.24% | 0.19% | 0.21% | 0.16% | 0.17% | 0.18% | 0.18% | -2 bps | |
| Net Charge-Offs / Loans | 0.12% | 0.04% | 0.03% | 0.03% | 0.02% | 0.06% | 0.20% | 0.14% | +11 bps | |
| Allowance / Loans | 1.18% | 1.19% | 1.16% | 1.12% | 1.11% | 1.14% | 1.03% | 1.03% | -9 bps | |
| Allowance Coverage of NPLs | 4.5x | 5.0x | 6.2x | 5.4x | 6.8x | 6.5x | 5.7x | 5.6x | +0.2x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.51% | 10.64% | 10.23% | 9.97% | 9.58% | 9.40% | 9.38% | 9.41% | -57 bps | |
| Total Risk-Based Capital | 15.54% | 15.15% | 14.63% | 14.33% | 13.73% | 13.62% | 13.39% | 13.24% | -108 bps | |
| Equity / Assets | 9.22% | 9.34% | 8.80% | 8.55% | 8.65% | 8.55% | 8.66% | 8.75% | +20 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 96.02% | 99.94% | 99.32% | 101.41% | 111.93% | 119.39% | 125.50% | 135.30% | +3,389 bps | |
| Liquid Assets / Assets | 3.31% | 4.08% | 5.58% | 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 | n/a | n/a | n/a |