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Madison National Bank

Merrick, NY · Cert 58419

FDIC

Q4 2013

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 2013, the quarter ended December 31, 2013, 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

Madison National Bank

Merrick, NY · Cert 58419

FDIC

Q4 2013

$231.1MAssets
$106.9MLoans
$181.2MDeposits
$15.7MEquity
Loan mix
68%RE $64.6M32%C&I $30.2M0%Consumer $0.1MQ4 2012Q4 2013
Deposit mix
94%Interest-bearing $170.3M6%Noninterest $10.9MQ4 2012Q4 2013

NIM

5.00%Q4 ’114.34%Q4 ’123.53%Q4 ’13-14%-23%

Non-interest income vs. expense

3.39%Q4 ’114.90%Q4 ’125.40%Q4 ’13+77%+11%

Executive Summary

  • Earnings: ROA of -4.84%, down 266 bps year over year; NIM at 2.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.06%.
  • Funding: loans stand at 59.00% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

-4.84%-266 bps YoY

Net Interest Margin (YTD, annualized)

2.36%-71 bps YoY

Efficiency Ratio (YTD, annualized)

204%+5,793 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-2.17%-2.83%-2.99%-2.78%-4.84%-266 bps
Return on Equity-18.63%-25.25%-28.27%-27.45%-50.79%-3,215 bps
Net Interest Margin3.07%2.47%2.31%2.26%2.36%-71 bps
Efficiency Ratio146.45%204%199.60%202%204%+5,793 bps
Non-Interest Burden4.62%5.17%4.83%4.86%5.12%+49 bps
Growth
Asset Growth (YoY)-17.56%-6.18%-6.27%-5.72%-9.00%+855 bps
Loan Growth (YoY)-31.73%-36.71%-29.67%-23.88%-23.86%+786 bps
Deposit Growth (YoY)-21.23%-5.96%-5.73%-3.14%-2.72%+1,851 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.98%0.68%0.93%0.68%3.06%-92 bps
Allowance / Loans2.01%2.16%2.72%2.78%2.11%+10 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 Capital17.43%16.45%18.34%17.49%15.59%-184 bps
Equity / Assets12.19%10.33%9.35%8.65%6.78%-541 bps
Liquidity & Funding
Loans / Deposits75.38%59.20%49.65%55.14%59.00%-1,639 bps
Liquid Assets / Assets5.24%13.99%12.77%9.85%1.35%-389 bps
CRE / Total Capitaln/an/an/an/an/an/an/a