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Savoy Bank

New York, NY · Cert 58641

FDIC · 1 branch

Q1 2021

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: Q1 2021, the quarter ended March 31, 2021, 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

Savoy Bank

New York, NY · Cert 58641

FDIC · 1 branch

Q1 2021

$691.6MAssets
$600.6MLoans
$365.3MDeposits
$49.1MEquity
Deposit mix
84%Interest-bearing $305.5M16%Noninterest $59.8MQ1 2020Q1 2021

NIM

6.39%Q1 ’195.89%Q1 ’204.37%Q1 ’21-11%+30%

Non-interest income vs. expense

3.15%Q1 ’193.19%Q1 ’201.86%Q1 ’21+17%-57%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2020 SOD (annual) · 0.0% share · #117 of 180 inst. · $0.3B of $2319.6B

Executive Summary

  • Earnings: ROA of 1.88%, up 77 bps year over year; NIM at 5.42%.
  • Asset quality: problem loans at 1.01% of loans (+6 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 11.23%, up 62 bps from a year ago.
  • Funding: loans stand at 164.43% of deposits as of Q1 2021.

Financial Results

Return on Assets (YTD, annualized)

1.88%+77 bps YoY

Net Interest Margin (YTD, annualized)

5.42%+125 bps YoY

Efficiency Ratio (YTD, annualized)

41.20%-2,102 bps YoY

Tier 1 Leverage Ratio

11.23%+62 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2020Q2 2020Q3 2020Q4 2020Q1 2021YoY ΔTrend
Earnings
Return on Assets1.12%0.84%0.88%1.08%1.88%+77 bps
Return on Equity10.56%9.23%10.27%12.87%25.57%+1,501 bps
Net Interest Margin4.16%4.33%4.90%4.52%5.42%+125 bps
Efficiency Ratio62.21%57.78%56.60%51.88%41.20%-2,102 bps
Non-Interest Burden2.22%1.71%1.63%1.32%0.96%-126 bps
Growth
Asset Growth (YoY)6.93%62.62%54.02%56.80%73.97%+6,704 bps
Loan Growth (YoY)9.95%68.57%66.70%50.97%75.69%+6,573 bps
Deposit Growth (YoY)5.59%11.87%2.94%10.31%7.43%+184 bps
Asset Quality
Nonperforming Loans / Loans0.95%0.72%0.70%1.24%1.01%+6 bps
Net Charge-Offs / Loans-0.04%-0.02%0.06%0.04%-0.03%+1 bps
Allowance / Loans1.67%1.39%1.42%1.67%1.40%-27 bps
Allowance Coverage of NPLs1.8x1.9x2.0x1.3x1.4x-0.4x
Capital
Tier 1 Leverage Ratio10.61%9.82%11.09%10.66%11.23%+62 bps
Total Risk-Based Capital14.08%15.16%14.99%16.28%16.66%+258 bps
Equity / Assets10.46%7.11%7.44%7.67%7.09%-337 bps
Liquidity & Funding
Loans / Deposits100.54%149.90%162.70%139.54%164.43%+6,389 bps
Liquid Assets / Assets12.01%10.72%6.01%15.15%11.69%-33 bps
CRE / Total Capitaln/an/an/an/an/an/an/a