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Emigrant Savings Bank - Manhattan

New York, NY · Cert 58168

FDIC

Q3 2012

$1.3BAssets
$311.6MLoans
$1.1BDeposits
$111.1MEquity
Loan mix
97%RE $302.4M3%C&I $8.4M0%Consumer $0.9MQ3 2011Q3 2012
Deposit mix
92%Interest-bearing $1.0B8%Noninterest $0.1BQ3 2011Q3 2012

NIM

3.48%Q3 ’103.38%Q3 ’112.65%Q3 ’12+5%-24%

Non-interest income vs. expense

1.71%Q3 ’101.74%Q3 ’111.66%Q3 ’12+2%-5%

Executive Summary

  • Earnings: ROA of 0.23%, down 5 bps year over year; NIM at 1.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.30%.
  • Funding: loans stand at 28.22% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

0.23%1-5 bps YoY

Net Interest Margin (YTD, annualized)

1.73%-54 bps YoY

Efficiency Ratio (YTD, annualized)

92.00%+1,779 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets0.28%0.34%0.21%10.20%0.23%1-5 bps
Return on Equity3.48%4.14%2.57%2.39%2.72%-76 bps
Net Interest Margin2.27%2.29%1.82%1.83%1.73%-54 bps
Efficiency Ratio74.20%72.23%84.90%85.39%92.00%+1,779 bps
Non-Interest Burden1.67%1.63%1.53%1.56%1.58%-8 bps
Growth
Asset Growth (YoY)-0.23%-0.01%2.45%0.55%2.49%+272 bps
Loan Growth (YoY)-11.34%-15.96%-11.88%-12.86%-14.56%-321 bps
Deposit Growth (YoY)0.90%-0.27%0.46%0.15%0.19%-71 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.42%0.46%0.37%0.30%0.30%-11 bps
Allowance / Loans1.20%1.21%1.25%1.24%1.24%+4 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 Capital30.63%32.54%33.41%34.37%32.95%+231 bps
Equity / Assets8.16%8.04%8.44%8.71%8.78%+62 bps
Liquidity & Funding
Loans / Deposits33.09%31.72%31.07%29.91%28.22%-487 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