PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

PCSB Commercial Bank

Brewster, NY · Cert 57232

FDIC · 1 branch

Q3 2018

$45.2MAssets
n/aLoans
$36.7MDeposits
$8.0MEquity
Deposit mix
99%Interest-bearing $36.2M1%Noninterest $0.5MQ3 2017Q3 2018

NIM

0.84%Q3 ’161.09%Q3 ’171.47%Q3 ’18+34%+32%

Non-interest income vs. expense

0.16%Q3 ’160.18%Q3 ’170.13%Q3 ’18+9%-26%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2018 SOD (annual) · 0.0% share · #185 of 201 inst. · $0.0B of $1824.0B

Executive Summary

  • Earnings: ROA of 0.98%, up 44 bps year over year; NIM at 1.31%.
  • Capital: tier 1 leverage ratio of 18.09%, down 8 bps from a year ago.
  • Funding: loans stand at 0.00% of deposits as of Q3 2018.

Financial Results

Return on Assets (YTD, annualized)

0.98%+44 bps YoY

Net Interest Margin (YTD, annualized)

1.31%+32 bps YoY

Efficiency Ratio (YTD, annualized)

9.94%-784 bps YoY

Tier 1 Leverage Ratio

18.09%-8 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets0.53%0.45%0.82%0.91%0.98%+44 bps
Return on Equity3.03%2.52%4.50%5.15%5.53%+250 bps
Net Interest Margin0.99%1.05%1.18%1.21%1.31%+32 bps
Efficiency Ratio17.77%16.33%12.40%10.73%9.94%-784 bps
Non-Interest Burden0.18%0.17%0.15%0.13%0.13%-5 bps
Growth
Asset Growth (YoY)-16.04%-1.48%-0.92%0.33%2.26%+1,830 bps
Loan Growth (YoY)n/an/an/an/an/an/an/a
Deposit Growth (YoY)-19.37%6.69%-1.45%0.26%2.57%+2,194 bps
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio18.17%19.40%18.30%16.89%18.09%-8 bps
Total Risk-Based Capital93.06%99.31%97.50%94.29%104.50%+1,143 bps
Equity / Assets18.21%19.05%17.33%16.77%17.81%-40 bps
Liquidity & Funding
Loans / Deposits0.00%0.00%0.00%0.00%0.00%0 bps
Liquid Assets / Assets1.18%4.13%0.44%3.59%1.45%+27 bps
CRE / Total Capitaln/an/an/an/an/an/an/a