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Spencer Savings Bank, Savings and Loan Association

Elmwood Park, NJ · Cert 30076

SL · FDIC · 28 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets in the New York-Newark-Jersey City, NY-NJ area3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets in the New York-Newark-Jersey City, NY-NJ area (n=35 to 36). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

58

Q2 2024Q2 2026peer median (50)

Asset Quality

64

Q2 2024Q2 2026peer median (50)

Profitability

22

Q2 2024Q2 2026peer median (50)

Liquidity

53

Q2 2024Q2 2026peer median

Efficiency

46

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

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

Spencer Savings Bank, Savings and Loan Association

Elmwood Park, NJ · Cert 30076

SL · FDIC · 28 branches

Q2 2026

$4.0BAssets
$3.3BLoans
$3.0BDeposits
$478.5MEquity
Loan mix
98%RE $3.2B2%C&I $0.1B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
89%Interest-bearing $2.7B11%Noninterest $0.3BQ2 2025Q2 2026

NIM

4.36%Q2 ’244.59%Q2 ’254.73%Q2 ’26+16%+20%

Non-interest income vs. expense

1.71%Q2 ’241.78%Q2 ’251.87%Q2 ’26+10%+6%

Market Position · New York-Newark-Jersey City, NY-NJ · 2026 SOD (annual) · 0.1% share · #48 of 151 inst. · $3.0B of $2921.1B

2.6% Bergen
1.8% Union
1.2% Passaic
0.8% Essex

Executive Summary

  • Earnings: ROA of 0.63%, up 17 bps year over year; NIM at 2.66%.
  • Asset quality: problem loans at 0.58% of loans (-8 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 11.23%, up 47 bps from a year ago.
  • Funding: loans stand at 108.28% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.63%+17 bps YoY

Net Interest Margin (YTD, annualized)

2.66%+44 bps YoY

Efficiency Ratio (YTD, annualized)

66.68%-843 bps YoY

Tier 1 Leverage Ratio

11.23%+47 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.46%0.45%0.44%0.62%0.63%+17 bps
Return on Equity4.17%4.01%3.94%5.34%5.41%+123 bps
Net Interest Margin2.21%2.26%2.30%2.64%2.66%+44 bps
Efficiency Ratio75.11%76.34%75.81%66.81%66.68%-843 bps
Non-Interest Burden1.61%1.67%1.69%1.70%1.70%+9 bps
Growth
Asset Growth (YoY)2.90%1.18%0.73%-0.94%1.35%-154 bps
Loan Growth (YoY)-0.91%1.53%2.07%3.10%3.30%+421 bps
Deposit Growth (YoY)8.06%2.28%2.05%-1.01%-1.47%-953 bps
Asset Quality
Nonperforming Loans / Loans0.66%0.66%0.58%0.52%0.58%-8 bps
Net Charge-Offs / Loans0.00%0.01%0.03%0.02%0.02%+2 bps
Allowance / Loans0.88%0.86%0.84%0.85%0.84%-4 bps
Allowance Coverage of NPLs1.3x1.3x1.5x1.6x1.5x+0.1x
Capital
Tier 1 Leverage Ratio10.76%10.94%10.96%11.11%11.23%+47 bps
Total Risk-Based Capital17.62%17.67%17.76%17.80%17.86%+23 bps
Equity / Assets11.39%11.50%11.59%11.75%11.86%+46 bps
Liquidity & Funding
Loans / Deposits103.28%105.52%103.50%105.17%108.28%+500 bps
Liquid Assets / Assets1.88%1.49%2.02%1.27%1.31%-56 bps
CRE / Total Capitaln/a594%596%592%n/an/a

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. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Spencer Savings Bank, Savings and Loan Association

Elmwood Park, NJ · Cert 30076 · Peer group: banks $1B-$10B in assets in the New York-Newark-Jersey City, NY-NJ area (n=35-36)

SL · FDIC · 28 branches

Q2 2026

$4.0BAssets
$3.3BLoans
$3.0BDeposits
$478.5MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 72% of banks $1B-$10B in assets in the New York-Newark-Jersey City, NY-NJ area (rank 11 of 36).
  • Widest gap: return on assets trails 81% of banks $1B-$10B in assets in the New York-Newark-Jersey City, NY-NJ area (rank 29 of 36).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.63%

Rank 29 of 36

Net Interest Margin

2.66%

Rank 27 of 36

Efficiency Ratio

66.80%

Rank 20 of 35

Equity / Assets

11.86%

Rank 15 of 36

Non-interest income vs. expense

$6.9M$75.9MINCOMEEXPENSE
Unfavorable gap of $69.1M · efficiency ratio beats 46% of banks $1B-$10B in assets in the New York-Newark-Jersey City, NY-NJ area
Bank 66.80%Peer median 63.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.63%0.65%1.00%1.72%Beats 19%29 / 36
Return on Equity5.35%5.35%9.30%13.56%Beats 23%27 / 35
Net Interest Margin2.66%2.66%3.13%3.63%Beats 25%27 / 36
Efficiency Ratio66.80%52.19%63.09%75.14%Beats 46%20 / 35
Asset Quality
Nonperforming Loans / Loans0.58%0.46%0.84%1.59%Beats 72%11 / 36
Net Charge-Offs / Loans0.01%n/a0.03%0.14%Beats 56%17 / 36
Capital
Tier 1 Capital Ratio16.80%13.13%14.78%18.34%Beats 58%15 / 36
Total Risk-Based Capital Ratio17.86%13.73%15.96%19.27%Beats 58%15 / 36
Equity / Assets11.86%9.80%11.58%14.82%Beats 58%15 / 36
Liquidity & Funding
Loans / Deposits108.28%81.12%95.13%103.24%78th pctl8 / 36
Loans / Assets81.55%67.44%76.31%84.79%58th pctl15 / 36
Brokered Deposits / Depositsn/aNot reported for this institution