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Emigrant Savings Bank - Long Island

Westbury, NY · Cert 58167

FDIC

Q3 2012

$576.2MAssets
$206.9MLoans
$514.4MDeposits
$42.6MEquity
Deposit mix
94%Interest-bearing $484.5M6%Noninterest $29.9MQ3 2011Q3 2012

NIM

4.10%Q3 ’103.67%Q3 ’112.72%Q3 ’12-7%-27%

Non-interest income vs. expense

1.70%Q3 ’101.75%Q3 ’111.71%Q3 ’12+3%+1%

Executive Summary

  • Earnings: ROA of 0.31%, up 19 bps year over year; NIM at 1.76%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.39%.
  • Funding: loans stand at 40.22% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

0.31%1+19 bps YoY

Net Interest Margin (quarter, annualized)

1.76%-66 bps YoY

Efficiency Ratio (quarter, annualized)

96.93%+2,660 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets0.12%-0.09%0.04%1-0.15%0.31%1+19 bps
Return on Equity1.58%-1.23%0.52%-2.03%4.18%+260 bps
Net Interest Margin2.42%1.77%1.96%1.90%1.76%-66 bps
Efficiency Ratio70.32%94.51%97.74%104.73%96.93%+2,660 bps
Non-Interest Burden1.68%1.66%1.91%1.99%1.70%+2 bps
Growth
Asset Growth (YoY)1.90%1.66%3.22%3.30%5.54%+365 bps
Loan Growth (YoY)-17.43%-16.09%-13.97%-12.01%-10.91%+652 bps
Deposit Growth (YoY)3.30%2.34%2.54%3.94%4.79%+149 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.36%0.73%0.31%0.69%0.39%+3 bps
Allowance / Loans1.30%1.40%1.45%1.46%1.37%+6 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital21.62%21.39%22.56%22.48%22.56%+94 bps
Equity / Assets7.29%7.02%7.33%7.28%7.39%+10 bps
Liquidity & Funding
Loans / Deposits47.31%46.04%44.42%42.53%40.22%-709 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a