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Provident Bank

Montebello, NY · Cert 30337

FDIC · 74 branches

Q4 2021

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: Q4 2021, the quarter ended December 31, 2021, 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

Provident Bank

Montebello, NY · Cert 30337

FDIC · 74 branches

Q4 2021

$29.6BAssets
$21.4BLoans
$23.0BDeposits
$5.2BEquity
Loan mix
57%RE $7.3B43%C&I $5.6B0%Consumer $0.0BQ4 2020Q4 2021
Deposit mix
72%Interest-bearing $16.5B28%Noninterest $6.4BQ4 2020Q4 2021

NIM

3.98%Q4 ’193.40%Q4 ’203.10%Q4 ’21-4%+2%

Non-interest income vs. expense

1.48%Q4 ’191.57%Q4 ’201.56%Q4 ’21+15%-4%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2021 SOD (annual) · 0.9% share · #18 of 173 inst. · $22.4B of $2606.2B

43.4% Rockland
2.1% Westchester
2.7% Nassau
2.6% Queens

Executive Summary

  • Earnings: ROA of 1.51%, up 66 bps year over year; NIM at 3.17%.
  • Asset quality: problem loans at 0.73% of loans (-3 bps YoY), with net charge-offs at 0.21%.
  • Capital: tier 1 leverage ratio of 12.75%, up 142 bps from a year ago.
  • Funding: loans stand at 93.05% of deposits as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

1.51%+66 bps YoY

Net Interest Margin (YTD, annualized)

3.17%+6 bps YoY

Efficiency Ratio (YTD, annualized)

43.80%-120 bps YoY

Tier 1 Leverage Ratio

12.75%+142 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets0.85%1.47%1.47%1.45%1.51%+66 bps
Return on Equity5.54%8.92%8.81%8.65%8.89%+335 bps
Net Interest Margin3.12%3.21%3.23%3.24%3.17%+6 bps
Efficiency Ratio45.00%42.19%42.69%43.70%43.80%-120 bps
Non-Interest Burden1.16%1.08%1.11%1.15%1.11%-5 bps
Growth
Asset Growth (YoY)-2.70%-1.41%-5.54%-1.97%-0.61%+210 bps
Loan Growth (YoY)1.92%-2.44%-7.15%-4.67%-2.27%-419 bps
Deposit Growth (YoY)2.49%4.95%-1.72%-1.24%-1.50%-398 bps
Asset Quality
Nonperforming Loans / Loans0.76%0.80%0.84%0.97%0.73%-3 bps
Net Charge-Offs / Loans0.56%0.24%0.26%0.20%0.21%-35 bps
Allowance / Loans1.49%1.53%1.52%1.46%1.30%-19 bps
Allowance Coverage of NPLs2.0x1.9x1.8x1.5x1.8x-0.2x
Capital
Tier 1 Leverage Ratio11.33%11.76%12.10%12.60%12.75%+142 bps
Total Risk-Based Capital14.73%15.42%15.22%15.26%15.65%+92 bps
Equity / Assets16.42%16.51%17.22%17.03%17.61%+119 bps
Liquidity & Funding
Loans / Deposits93.79%88.12%88.85%88.17%93.05%-74 bps
Liquid Assets / Assets6.43%8.46%7.03%7.94%6.28%-15 bps
CRE / Total Capitaln/an/an/an/an/an/an/a