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Community Bank of Orange, National Association

Middletown, NY · Cert 57145

FDIC · 7 branches

Q4 2018

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 2018, the quarter ended December 31, 2018, 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

Community Bank of Orange, National Association

Middletown, NY · Cert 57145

FDIC · 7 branches

Q4 2018

$537.9MAssets
$387.3MLoans
$413.9MDeposits
$55.4MEquity
Loan mix
64%RE $175.2M36%C&I $96.9M0%Consumer $0.2MQ4 2017Q4 2018
Deposit mix
82%Interest-bearing $339.3M18%Noninterest $74.6MQ4 2017Q4 2018

NIM

3.73%Q4 ’164.08%Q4 ’174.21%Q4 ’18+9%-3%

Non-interest income vs. expense

2.16%Q4 ’162.49%Q4 ’172.70%Q4 ’18+10%+12%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2018 SOD (annual) · 0.0% share · #117 of 201 inst. · $0.4B of $1824.0B

2.0% Orange
1.0% Rockland
0.1% Westchester

Executive Summary

  • Earnings: ROA of -0.30%, down 81 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 3.49% of loans (+164 bps YoY), with net charge-offs at 0.70%.
  • Capital: tier 1 leverage ratio of 10.55%, down 141 bps from a year ago.
  • Funding: loans stand at 93.57% of deposits as of Q4 2018.

Financial Results

Return on Assets (YTD, annualized)

-0.30%-81 bps YoY

Net Interest Margin (YTD, annualized)

3.27%-11 bps YoY

Efficiency Ratio (YTD, annualized)

78.54%+953 bps YoY

Tier 1 Leverage Ratio

10.55%-141 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets0.51%0.17%-1.41%-0.72%-0.30%-81 bps
Return on Equity4.38%1.43%-12.72%-6.61%-2.84%-722 bps
Net Interest Margin3.37%3.35%3.34%3.32%3.27%-11 bps
Efficiency Ratio69.01%81.45%81.20%79.45%78.54%+953 bps
Non-Interest Burden2.25%2.68%2.67%2.60%2.52%+27 bps
Growth
Asset Growth (YoY)-4.52%-0.22%7.44%10.32%11.40%+1,591 bps
Loan Growth (YoY)-2.87%3.86%10.92%22.41%20.04%+2,291 bps
Deposit Growth (YoY)-4.12%-0.03%10.28%11.54%8.42%+1,254 bps
Asset Quality
Nonperforming Loans / Loans1.85%1.66%1.52%1.41%3.49%+164 bps
Net Charge-Offs / Loans0.39%0.40%1.54%0.97%0.70%+31 bps
Allowance / Loans1.20%1.21%2.08%2.00%1.87%+67 bps
Allowance Coverage of NPLs0.6x0.7x1.4x1.4x0.5x-0.1x
Capital
Tier 1 Leverage Ratio11.97%11.76%10.71%10.62%10.55%-141 bps
Total Risk-Based Capital16.20%15.59%14.13%13.82%13.69%-251 bps
Equity / Assets11.93%11.32%10.13%10.07%10.30%-163 bps
Liquidity & Funding
Loans / Deposits84.51%84.81%85.87%88.28%93.57%+906 bps
Liquid Assets / Assets2.90%1.30%1.34%0.77%1.55%-135 bps
CRE / Total Capitaln/an/an/an/an/an/an/a