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Astoria Federal Savings and Loan Association

Long Island City, NY · Cert 29805

FDIC · 88 branches

Q3 2017

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: Q3 2017, the quarter ended September 30, 2017, 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

Astoria Federal Savings and Loan Association

Long Island City, NY · Cert 29805

FDIC · 88 branches

Q3 2017

$13.9BAssets
$9.5BLoans
$9.2BDeposits
$1.9BEquity
Loan mix
99%RE $8.9B1%C&I $0.1B0%Consumer $0.0BQ3 2016Q3 2017
Deposit mix
86%Interest-bearing $7.9B14%Noninterest $1.3BQ3 2016Q3 2017

NIM

3.16%Q3 ’153.09%Q3 ’163.13%Q3 ’170%+1%

Non-interest income vs. expense

1.83%Q3 ’151.79%Q3 ’162.26%Q3 ’17+1%+30%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2017 SOD (annual) · 0.5% share · #23 of 210 inst. · $9.1B of $1816.5B

4.5% Nassau
3.5% Queens
3.6% Suffolk
2.2% Kings

Executive Summary

  • Earnings: ROA of 0.35%, down 22 bps year over year; NIM at 2.39%.
  • Asset quality: problem loans at 1.45% of loans (+145 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 12.45%, up 70 bps from a year ago.
  • Funding: loans stand at 103.38% of deposits as of Q3 2017.

Financial Results

Return on Assets (YTD, annualized)

0.35%-22 bps YoY

Net Interest Margin (YTD, annualized)

2.39%+2 bps YoY

Efficiency Ratio (YTD, annualized)

85.48%+1,701 bps YoY

Tier 1 Leverage Ratio

12.45%+70 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2016Q4 2016Q1 2017Q2 2017Q3 2017YoY ΔTrend
Earnings
Return on Assets0.57%0.57%0.50%0.55%0.35%-22 bps
Return on Equity4.66%4.57%3.78%4.14%2.65%-201 bps
Net Interest Margin2.37%2.40%2.36%2.37%2.39%+2 bps
Efficiency Ratio68.47%68.12%72.68%69.81%85.48%+1,701 bps
Non-Interest Burden1.51%1.52%1.61%1.54%1.97%+46 bps
Growth
Asset Growth (YoY)-1.74%-3.32%-4.31%-5.68%-5.68%-394 bps
Loan Growth (YoY)-5.54%-6.57%-7.32%-8.66%-10.25%-471 bps
Deposit Growth (YoY)-1.37%-2.50%-0.80%-0.75%1.11%+247 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%1.36%1.40%1.45%+145 bps
Net Charge-Offs / Loans0.04%0.03%0.04%0.03%0.03%-1 bps
Allowance / Loans0.82%0.83%0.81%0.80%0.83%+1 bps
Allowance Coverage of NPLsn/an/a0.6x0.6x0.6xn/a
Capital
Tier 1 Leverage Ratio11.75%12.09%12.44%12.28%12.45%+70 bps
Total Risk-Based Capital22.14%21.88%22.89%23.32%24.19%+204 bps
Equity / Assets12.67%13.01%13.34%13.21%13.33%+66 bps
Liquidity & Funding
Loans / Deposits116.45%115.15%110.86%109.10%103.38%-1,307 bps
Liquid Assets / Assets18.53%18.81%19.46%20.51%21.91%+338 bps
CRE / Total Capitaln/an/an/an/an/an/an/a