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Prudential Savings Bank

Philadelphia, PA · Cert 30011

FDIC · 10 branches

Q3 2022

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 2022, the quarter ended September 30, 2022, 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

Prudential Savings Bank

Philadelphia, PA · Cert 30011

FDIC · 10 branches

Q3 2022

$827.2MAssets
$544.4MLoans
$401.1MDeposits
$100.8MEquity
Loan mix
86%RE $361.5M14%C&I $58.2M0%Consumer $0.4MQ3 2021Q3 2022
Deposit mix
92%Interest-bearing $369.8M8%Noninterest $31.3MQ3 2021Q3 2022

NIM

3.43%Q3 ’203.43%Q3 ’214.11%Q3 ’22+14%+33%

Non-interest income vs. expense

1.41%Q3 ’201.61%Q3 ’213.14%Q3 ’22+16%+67%

Market Position · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD · 2022 SOD (annual) · 0.1% share · #35 of 100 inst. · $0.5B of $598.9B

0.7% Philadelphia
0.2% Delaware
0.1% Montgomery

Executive Summary

  • Earnings: ROA of -1.18%, down 190 bps year over year; NIM at 2.85%.
  • Asset quality: problem loans at 0.39% of loans (-95 bps YoY), with net charge-offs at 0.91%.
  • Capital: tier 1 leverage ratio of 13.42%, up 212 bps from a year ago.
  • Funding: loans stand at 135.74% of deposits as of Q3 2022.

Financial Results

Return on Assets (YTD, annualized)

-1.18%-190 bps YoY

Net Interest Margin (YTD, annualized)

2.85%+72 bps YoY

Efficiency Ratio (YTD, annualized)

86.74%+1,778 bps YoY

Tier 1 Leverage Ratio

13.42%+212 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets0.72%0.72%-2.45%-0.44%-1.18%-190 bps
Return on Equity6.50%6.35%-20.48%-3.68%-9.87%-1,637 bps
Net Interest Margin2.13%2.19%2.19%2.40%2.85%+72 bps
Efficiency Ratio68.96%67.91%188.17%104.63%86.74%+1,778 bps
Non-Interest Burden1.41%1.43%4.22%2.54%2.36%+95 bps
Growth
Asset Growth (YoY)-10.04%-9.14%-16.20%-16.36%-24.83%-1,478 bps
Loan Growth (YoY)5.05%-3.36%-11.25%-7.29%-13.13%-1,818 bps
Deposit Growth (YoY)-7.83%-3.70%-15.51%-26.89%-43.83%-3,601 bps
Asset Quality
Nonperforming Loans / Loans1.34%1.36%0.58%0.39%0.39%-95 bps
Net Charge-Offs / Loans0.00%0.02%2.41%1.17%0.91%+91 bps
Allowance / Loans1.36%1.41%1.42%1.28%1.28%-7 bps
Allowance Coverage of NPLs1.0x1.0x2.5x3.3x3.3x+2.3x
Capital
Tier 1 Leverage Ratio11.30%11.73%11.44%12.48%13.42%+212 bps
Total Risk-Based Capital17.55%18.51%18.28%18.42%20.55%+300 bps
Equity / Assets11.63%12.16%11.73%11.69%12.19%+55 bps
Liquidity & Funding
Loans / Deposits87.77%82.02%83.03%106.73%135.74%+4,797 bps
Liquid Assets / Assets9.08%11.82%8.44%1.99%2.52%-656 bps
CRE / Total Capitaln/an/an/an/an/an/an/a