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Fairport Savings Bank

Fairport, NY · Cert 30056

FDIC · 5 branches

Q1 2020

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 2020, the quarter ended March 31, 2020, 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

Fairport Savings Bank

Fairport, NY · Cert 30056

FDIC · 5 branches

Q1 2020

$318.7MAssets
$276.4MLoans
$233.5MDeposits
$29.5MEquity
Loan mix
97%RE $254.5M3%C&I $8.2M0%Consumer $0.0MQ1 2019Q1 2020
Deposit mix
95%Interest-bearing $220.8M5%Noninterest $12.7MQ1 2019Q1 2020

NIM

3.99%Q1 ’184.15%Q1 ’194.05%Q1 ’20-8%-3%

Non-interest income vs. expense

3.27%Q1 ’182.84%Q1 ’193.31%Q1 ’20-4%+19%

Market Position · Rochester, NY · 2019 SOD (annual) · 1.2% share · #12 of 19 inst. · $0.2B of $19.2B

Executive Summary

  • Earnings: ROA of -0.43%, down 58 bps year over year; NIM at 2.60%.
  • Asset quality: problem loans at 0.31% of loans (+18 bps YoY), with net charge-offs at 0.22%.
  • Capital: tier 1 leverage ratio of 9.08%, down 4 bps from a year ago.
  • Funding: loans stand at 118.37% of deposits as of Q1 2020.

Financial Results

Return on Assets (YTD, annualized)

-0.43%-58 bps YoY

Net Interest Margin (YTD, annualized)

2.60%-7 bps YoY

Efficiency Ratio (YTD, annualized)

109.47%+1,741 bps YoY

Tier 1 Leverage Ratio

9.08%-4 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2019Q2 2019Q3 2019Q4 2019Q1 2020YoY ΔTrend
Earnings
Return on Assets0.15%0.11%0.11%-0.03%-0.43%-58 bps
Return on Equity1.63%1.25%1.22%-0.35%-4.64%-627 bps
Net Interest Margin2.67%2.62%2.61%2.60%2.60%-7 bps
Efficiency Ratio92.06%94.34%94.05%99.11%109.47%+1,741 bps
Non-Interest Burden2.42%2.45%2.42%2.57%2.88%+46 bps
Growth
Asset Growth (YoY)3.88%1.02%-0.66%-1.48%-1.95%-583 bps
Loan Growth (YoY)4.48%0.85%-1.08%-2.48%-2.06%-654 bps
Deposit Growth (YoY)3.99%4.74%6.16%5.81%3.60%-39 bps
Asset Quality
Nonperforming Loans / Loans0.12%0.47%0.37%0.38%0.31%+18 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.08%0.22%+22 bps
Allowance / Loans0.58%0.59%0.62%0.59%0.60%+2 bps
Allowance Coverage of NPLs4.7x1.3x1.7x1.5x2.0x-2.7x
Capital
Tier 1 Leverage Ratio9.12%9.13%9.13%9.01%9.08%-4 bps
Total Risk-Based Capital15.73%15.68%16.53%15.32%9.08%-665 bps
Equity / Assets9.19%9.23%9.33%9.26%9.24%+5 bps
Liquidity & Funding
Loans / Deposits125.21%121.15%121.15%118.16%118.37%-684 bps
Liquid Assets / Assets2.86%3.03%2.56%3.09%3.40%+55 bps
CRE / Total Capitaln/an/an/an/an/an/an/a