PackageTrendsPeer
Letter portraitLegal landscape

Empire National Bank

Islandia, NY · Cert 58632

FDIC · 4 branches

Q3 2020

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: Q3 2020, the quarter ended September 30, 2020, 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

Empire National Bank

Islandia, NY · Cert 58632

FDIC · 4 branches

Q3 2020

$920.9MAssets
$680.2MLoans
$803.0MDeposits
$102.7MEquity
Loan mix
76%RE $445.8M23%C&I $134.7M1%Consumer $3.9MQ3 2019Q3 2020
Deposit mix
73%Interest-bearing $589.6M27%Noninterest $213.3MQ3 2019Q3 2020

NIM

3.43%Q3 ’183.76%Q3 ’193.41%Q3 ’20-3%+11%

Non-interest income vs. expense

2.20%Q3 ’182.16%Q3 ’191.92%Q3 ’20-2%-11%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2020 SOD (annual) · 0.0% share · #79 of 180 inst. · $0.9B of $2319.6B

1.5% Suffolk
0.0% Nassau

Executive Summary

  • Earnings: ROA of 0.66%, up 20 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 0.36% of loans (-14 bps YoY), with net charge-offs at 0.12%.
  • Capital: tier 1 leverage ratio of 10.10%, up 92 bps from a year ago.
  • Funding: loans stand at 84.71% of deposits as of Q3 2020.

Financial Results

Return on Assets (YTD, annualized)

0.66%+20 bps YoY

Net Interest Margin (YTD, annualized)

2.83%+29 bps YoY

Efficiency Ratio (YTD, annualized)

63.96%-1,495 bps YoY

Tier 1 Leverage Ratio

10.10%+92 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2019Q4 2019Q1 2020Q2 2020Q3 2020YoY ΔTrend
Earnings
Return on Assets0.45%0.52%0.28%0.59%0.66%+20 bps
Return on Equity5.19%5.77%2.84%6.06%6.49%+130 bps
Net Interest Margin2.54%2.59%2.50%2.74%2.83%+29 bps
Efficiency Ratio78.91%76.85%79.41%67.38%63.96%-1,495 bps
Non-Interest Burden1.97%1.95%1.94%1.79%1.75%-22 bps
Growth
Asset Growth (YoY)2.76%-0.98%-4.34%1.47%-9.05%-1,181 bps
Loan Growth (YoY)5.14%0.76%-0.80%2.43%1.47%-368 bps
Deposit Growth (YoY)-0.11%-3.30%-5.73%0.81%-11.01%-1,090 bps
Asset Quality
Nonperforming Loans / Loans0.50%0.49%0.66%0.40%0.36%-14 bps
Net Charge-Offs / Loans0.05%0.04%0.00%0.15%0.12%+7 bps
Allowance / Loans0.95%0.94%1.04%1.01%1.16%+21 bps
Allowance Coverage of NPLs1.9x1.9x1.6x2.5x3.2x+1.3x
Capital
Tier 1 Leverage Ratio9.18%9.51%9.17%9.54%10.10%+92 bps
Total Risk-Based Capital15.42%15.57%16.52%9.54%10.10%-531 bps
Equity / Assets9.25%9.79%9.92%9.62%11.15%+190 bps
Liquidity & Funding
Loans / Deposits74.29%78.35%75.56%74.54%84.71%+1,042 bps
Liquid Assets / Assets4.47%3.58%4.76%12.11%5.19%+72 bps
CRE / Total Capitaln/an/an/an/an/an/an/a