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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 $0.0BQ3 2024Q2 2026
Deposit mix
89%Interest-bearing $2.7B11%Noninterest $0.3BQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.34%0.33%0.42%0.46%0.45%0.44%0.62%0.63%+17 bps
Return on Equity3.08%3.02%3.85%4.17%4.01%3.94%5.34%5.41%+123 bps
Net Interest Margin1.91%1.89%2.07%2.21%2.26%2.30%2.64%2.66%+44 bps
Efficiency Ratio81.11%81.55%76.03%75.11%76.34%75.81%66.81%66.68%-843 bps
Non-Interest Burden1.50%1.50%1.52%1.61%1.67%1.69%1.70%1.70%+9 bps
Growth
Asset Growth (YoY)2.36%3.85%3.56%2.90%1.18%0.73%-0.94%1.35%-154 bps
Loan Growth (YoY)-1.58%-0.62%-1.13%-0.91%1.53%2.07%3.10%3.30%+421 bps
Deposit Growth (YoY)4.24%7.10%10.57%8.06%2.28%2.05%-1.01%-1.47%-953 bps
Asset Quality
Nonperforming Loans / Loans0.22%0.28%0.48%0.66%0.66%0.58%0.52%0.58%-8 bps
Net Charge-Offs / Loans0.02%0.01%0.00%0.00%0.01%0.03%0.02%0.02%+2 bps
Allowance / Loans0.90%0.88%0.88%0.88%0.86%0.84%0.85%0.84%-4 bps
Allowance Coverage of NPLs4.2x3.1x1.8x1.3x1.3x1.5x1.6x1.5x+0.1x
Capital
Tier 1 Leverage Ratio10.69%10.58%10.48%10.76%10.94%10.96%11.11%11.23%+47 bps
Total Risk-Based Capital16.51%17.10%17.40%17.62%17.67%17.76%17.80%17.86%+23 bps
Equity / Assets11.05%10.95%11.00%11.39%11.50%11.59%11.75%11.86%+46 bps
Liquidity & Funding
Loans / Deposits106.30%103.47%100.98%103.28%105.52%103.50%105.17%108.28%+500 bps
Liquid Assets / Assets3.80%4.15%4.11%1.88%1.49%2.02%1.27%1.31%-56 bps
CRE / Total Capitaln/an/an/an/a594%596%592%n/an/a