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Gouverneur Savings and Loan Association

Gouverneur, NY · Cert 30976 · Gouverneur Bcorp Inc.

SL · FDIC · 1 affiliate bank · 4 branches (8 in holding)

Q2 2026

$198.9MAssets
$136.4MLoans
$157.6MDeposits
$32.0MEquity
Loan mix
92%RE $122.5M5%C&I $6.6M3%Consumer $3.6MQ3 2024Q2 2026
Deposit mix
88%Interest-bearing $139.0M12%Noninterest $18.7MQ3 2024Q2 2026

Market Position · Watertown-Fort Drum, NY · 2026 SOD (annual) · 4.2% share · #6 of 8 inst. · $0.1B of $2.2B

4.2% Jefferson
3.8% St. Lawrence

Executive Summary

  • Earnings: ROA of 0.62%, up 5 bps year over year; NIM at 3.88%.
  • Asset quality: problem loans at 1.00% of loans (+57 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 14.53%, up 76 bps from a year ago.
  • Funding: loans stand at 86.55% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

0.62%+5 bps YoY

Net Interest Margin (quarter, annualized)

3.88%+12 bps YoY

Efficiency Ratio (quarter, annualized)

80.80%+205 bps YoY

Tier 1 Leverage Ratio

14.53%+76 bps YoY

NIM

4.32%Q2 ’244.37%Q2 ’254.54%Q2 ’26+3%+3%

Non-interest income vs. expense

3.47%Q2 ’243.44%Q2 ’253.67%Q2 ’26-4%+5%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.40%0.39%0.51%0.58%0.64%0.67%0.61%0.62%+5 bps
Return on Equity2.64%2.57%3.38%3.80%4.17%4.28%3.85%3.89%+9 bps
Net Interest Margin3.69%3.58%3.64%3.76%3.79%3.64%3.82%3.88%+12 bps
Efficiency Ratio86.11%85.04%83.41%78.75%81.60%79.50%81.22%80.80%+205 bps
Non-Interest Burden3.22%3.06%3.06%2.96%3.10%2.82%3.10%3.11%+14 bps
Growth
Asset Growth (YoY)-3.86%-4.01%-3.14%0.81%0.59%2.52%0.41%0.91%+10 bps
Loan Growth (YoY)-0.58%0.25%1.33%2.28%5.81%6.56%5.44%7.42%+514 bps
Deposit Growth (YoY)-0.61%-0.60%-1.14%3.15%-3.85%-1.25%-1.54%-2.76%-591 bps
Asset Quality
Nonperforming Loans / Loans0.70%0.55%0.87%0.43%0.53%0.74%0.73%1.00%+57 bps
Net Charge-Offs / Loans0.01%0.06%0.00%0.00%0.02%0.00%0.00%0.01%+1 bps
Allowance / Loans0.85%0.84%0.84%0.84%0.83%0.83%0.84%0.83%-2 bps
Allowance Coverage of NPLs1.2x1.5x1.0x1.9x1.6x1.1x1.2x0.8x-1.1x
Capital
Tier 1 Leverage Ratio13.28%13.40%13.57%13.77%13.92%13.95%14.30%14.53%+76 bps
Total Risk-Based Capital24.26%24.45%24.59%24.86%25.18%25.51%26.05%25.74%+88 bps
Equity / Assets15.38%14.94%15.07%15.23%15.52%15.59%16.03%16.10%+87 bps
Liquidity & Funding
Loans / Deposits76.97%77.12%77.09%78.35%84.70%83.22%82.56%86.55%+820 bps
Liquid Assets / Assets1.03%1.69%1.66%0.86%0.34%0.53%1.11%0.99%+13 bps
CRE / Total Capitaln/an/an/an/a31.13%30.07%30.19%n/an/a