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Clifton Savings Bank

Clifton, NJ · Cert 28633

FDIC · 12 branches

Q1 2018

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: Q1 2018, the quarter ended March 31, 2018, 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

Clifton Savings Bank

Clifton, NJ · Cert 28633

FDIC · 12 branches

Q1 2018

$1.7BAssets
$1.2BLoans
$969.5MDeposits
$262.3MEquity
Loan mix
100%RE $1.0B0%C&I $0.0B0%Consumer $0.0BQ1 2017Q1 2018
Deposit mix
94%Interest-bearing $910.2M6%Noninterest $59.3MQ1 2017Q1 2018

NIM

3.04%Q1 ’163.09%Q1 ’173.19%Q1 ’18-2%-6%

Non-interest income vs. expense

1.67%Q1 ’161.56%Q1 ’171.33%Q1 ’18-6%-15%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2017 SOD (annual) · 0.1% share · #74 of 210 inst. · $0.9B of $1816.5B

4.7% Passaic
0.4% Bergen
0.1% Hudson
0.1% Essex

Executive Summary

  • Earnings: ROA of 0.58%, up 22 bps year over year; NIM at 2.01%.
  • Asset quality: problem loans at 0.51% of loans (+9 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 15.74%, down 228 bps from a year ago.
  • Funding: loans stand at 122.94% of deposits as of Q1 2018.

Financial Results

Return on Assets (YTD, annualized)

0.58%+22 bps YoY

Net Interest Margin (YTD, annualized)

2.01%-12 bps YoY

Efficiency Ratio (YTD, annualized)

62.77%-639 bps YoY

Tier 1 Leverage Ratio

15.74%-228 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets0.36%0.38%0.46%0.36%0.58%+22 bps
Return on Equity2.02%2.15%2.69%2.19%3.78%+176 bps
Net Interest Margin2.13%2.06%2.02%1.93%2.01%-12 bps
Efficiency Ratio69.16%67.56%65.21%63.59%62.77%-639 bps
Non-Interest Burden1.44%1.36%1.28%1.18%1.22%-21 bps
Growth
Asset Growth (YoY)14.78%18.79%18.62%21.89%16.16%+138 bps
Loan Growth (YoY)29.22%30.07%29.42%25.61%17.53%-1,169 bps
Deposit Growth (YoY)17.46%19.42%15.22%13.33%9.52%-795 bps
Asset Quality
Nonperforming Loans / Loans0.42%0.40%0.42%0.43%0.51%+9 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.00%0.00%-1 bps
Allowance / Loans0.60%0.62%0.64%0.68%0.67%+7 bps
Allowance Coverage of NPLs1.4x1.5x1.5x1.6x1.3x-0.1x
Capital
Tier 1 Leverage Ratio18.02%17.22%16.17%15.41%15.74%-228 bps
Total Risk-Based Capital31.40%29.40%28.17%25.77%26.22%-518 bps
Equity / Assets17.60%16.66%16.04%15.04%15.82%-177 bps
Liquidity & Funding
Loans / Deposits114.56%116.60%121.38%122.70%122.94%+838 bps
Liquid Assets / Assets22.27%22.62%19.84%19.03%17.42%-486 bps
CRE / Total Capitaln/an/an/an/an/an/an/a