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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 $0.3MQ3 2024Q2 2026
Deposit mix
95%Interest-bearing $487.8M5%Noninterest $24.2MQ3 2024Q2 2026

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 1.71%.
  • 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.

Return on Assets (YTD, annualized)

0.32%+25 bps YoY

Net Interest Margin (YTD, annualized)

1.71%+26 bps YoY

Efficiency Ratio (YTD, annualized)

77.99%-1,522 bps YoY

Tier 1 Leverage Ratio

14.70%-68 bps YoY

NIM

3.87%Q2 ’244.18%Q2 ’254.23%Q2 ’26+14%+18%

Non-interest income vs. expense

1.26%Q2 ’241.37%Q2 ’251.35%Q2 ’26+14%-2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.05%-0.01%0.07%0.07%0.10%0.04%0.32%0.32%+25 bps
Return on Equity0.35%-0.04%0.43%0.45%0.63%0.25%2.10%2.13%+168 bps
Net Interest Margin1.27%1.29%1.38%1.45%1.51%1.51%1.71%1.71%+26 bps
Efficiency Ratio95.92%101.52%95.63%93.20%91.85%96.33%79.30%77.99%-1,522 bps
Non-Interest Burden1.22%1.31%1.32%1.35%1.39%1.46%1.35%1.33%-2 bps
Growth
Asset Growth (YoY)2.42%0.43%-1.25%-2.16%-1.01%-0.05%4.41%5.82%+798 bps
Loan Growth (YoY)0.22%1.34%3.61%4.75%3.47%3.99%4.32%3.69%-106 bps
Deposit Growth (YoY)7.22%4.00%2.72%1.30%2.93%4.66%5.70%7.26%+596 bps
Asset Quality
Nonperforming Loans / Loans0.12%0.09%0.10%0.09%0.12%0.25%0.41%0.44%+35 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0 bps
Allowance / Loans0.20%0.19%0.19%0.20%0.20%0.20%0.19%0.19%0 bps
Allowance Coverage of NPLs1.7x2.0x1.9x2.3x1.7x0.8x0.5x0.4x-1.9x
Capital
Tier 1 Leverage Ratio14.99%15.18%15.31%15.38%15.25%15.29%15.14%14.70%-68 bps
Total Risk-Based Capital14.99%15.18%15.31%15.38%15.25%15.29%15.14%14.70%-68 bps
Equity / Assets15.26%15.13%15.42%15.27%15.44%15.17%14.86%14.59%-68 bps
Liquidity & Funding
Loans / Deposits117.46%117.61%118.33%117.33%118.08%116.86%116.78%113.42%-390 bps
Liquid Assets / Assets8.10%7.99%7.50%7.48%7.72%7.63%7.39%7.08%-40 bps
CRE / Total Capitaln/an/an/an/a2.06%3.58%1.98%n/an/a