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Geddes Federal Savings and Loan Association

Syracuse, NY · Cert 30397

State savings bank · OCC · 1 branch

Q2 2026

$685.7MAssets
$580.8MLoans
$512.0MDeposits
$100.1MEquity
Loan mix
100%RE $567.8M0%C&I $0.0M0%Consumer $0.3MQ2 2025Q2 2026
Deposit mix
95%Interest-bearing $487.8M5%Noninterest $24.2MQ2 2025Q2 2026

NIM

3.96%Q2 ’244.23%Q2 ’254.33%Q2 ’26+19%+17%

Non-interest income vs. expense

1.28%Q2 ’241.39%Q2 ’251.37%Q2 ’26+10%-2%

Market Position · Syracuse, NY · 2026 SOD (annual) · 3.2% share · #9 of 15 inst. · $0.5B of $16.2B

Executive Summary

  • Earnings: ROA of 0.32%, up 25 bps year over year; NIM at 1.77%.
  • Asset quality: problem loans at 0.44% of loans (+35 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 14.70%, down 68 bps from a year ago.
  • Funding: loans stand at 113.42% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.32%+25 bps YoY

Net Interest Margin (quarter, annualized)

1.77%+25 bps YoY

Efficiency Ratio (quarter, annualized)

76.75%-1,421 bps YoY

Tier 1 Leverage Ratio

14.70%-68 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.07%0.15%-0.14%0.32%0.32%+25 bps
Return on Equity0.47%0.98%-0.89%2.10%2.16%+169 bps
Net Interest Margin1.51%1.66%1.51%1.71%1.77%+25 bps
Efficiency Ratio90.96%89.52%109.84%79.30%76.75%-1,421 bps
Non-Interest Burden1.37%1.49%1.66%1.35%1.35%-2 bps
Growth
Asset Growth (YoY)-2.16%-1.01%-0.05%4.41%5.82%+798 bps
Loan Growth (YoY)4.75%3.47%3.99%4.32%3.69%-106 bps
Deposit Growth (YoY)1.30%2.93%4.66%5.70%7.26%+596 bps
Asset Quality
Nonperforming Loans / Loans0.09%0.12%0.25%0.41%0.44%+35 bps
Net Charge-Offs / Loans0.00%0.00%0.04%0.00%0.00%0 bps
Allowance / Loans0.20%0.20%0.20%0.19%0.19%0 bps
Allowance Coverage of NPLs2.3x1.7x0.8x0.5x0.4x-1.9x
Capital
Tier 1 Leverage Ratio15.38%15.25%15.29%15.14%14.70%-68 bps
Total Risk-Based Capital15.38%15.25%15.29%15.14%14.70%-68 bps
Equity / Assets15.27%15.44%15.17%14.86%14.59%-68 bps
Liquidity & Funding
Loans / Deposits117.33%118.08%116.86%116.78%113.42%-390 bps
Liquid Assets / Assets7.48%7.72%7.63%7.39%7.08%-40 bps
CRE / Total Capitaln/a2.06%3.58%1.98%n/an/a