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Piermont Bank

New York, NY · Cert 59154

State charter, non-member · FDIC · 1 branch

Q2 2026

$505.1MAssets
$324.7MLoans
$386.4MDeposits
$58.6MEquity
Loan mix
95%RE $273.7M5%C&I $14.3M0%Consumer $0.0MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $314.3M19%Noninterest $72.1MQ2 2025Q2 2026

NIM

5.42%Q2 ’244.70%Q2 ’254.55%Q2 ’26-26%+0%

Non-interest income vs. expense

3.43%Q2 ’243.33%Q2 ’254.05%Q2 ’26-19%+66%

Market Position · New York-Newark-Jersey City, NY-NJ · 2026 SOD (annual) · 0.0% share · #105 of 151 inst. · $0.4B of $2921.1B

Executive Summary

  • Earnings: ROA of -1.96%, down 166 bps year over year; NIM at 2.22%.
  • Asset quality: problem loans at 0.00% of loans (-230 bps YoY), with net charge-offs at 0.44%.
  • Capital: tier 1 leverage ratio of 12.70%, down 118 bps from a year ago.
  • Funding: loans stand at 84.03% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-1.96%-166 bps YoY

Net Interest Margin (YTD, annualized)

2.22%0 bps YoY

Efficiency Ratio (YTD, annualized)

159.07%+5,855 bps YoY

Tier 1 Leverage Ratio

12.70%-118 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.30%-0.72%-0.90%-1.95%-1.96%-166 bps
Return on Equity-2.41%-5.74%-7.29%-15.97%-16.32%-1,391 bps
Net Interest Margin2.22%2.18%2.10%2.06%2.22%0 bps
Efficiency Ratio100.52%114.59%120.41%166.88%159.07%+5,855 bps
Non-Interest Burden2.24%2.64%2.70%3.70%3.72%+149 bps
Growth
Asset Growth (YoY)-9.63%-9.84%-5.63%-2.94%1.37%+1,099 bps
Loan Growth (YoY)-13.71%-10.66%-5.35%-0.15%9.16%+2,287 bps
Deposit Growth (YoY)-11.01%-12.83%-2.30%-0.86%2.39%+1,340 bps
Asset Quality
Nonperforming Loans / Loans2.30%2.41%0.55%0.53%0.00%-230 bps
Net Charge-Offs / Loans0.44%0.65%1.42%-0.02%0.44%0 bps
Allowance / Loans1.73%1.66%0.84%0.92%0.87%-86 bps
Allowance Coverage of NPLs0.8x0.7x1.5x1.8xn/an/a
Capital
Tier 1 Leverage Ratio13.88%14.02%13.27%12.63%12.70%-118 bps
Total Risk-Based Capital22.24%22.12%20.41%19.40%17.89%-435 bps
Equity / Assets12.95%12.75%11.93%12.54%11.61%-134 bps
Liquidity & Funding
Loans / Deposits78.82%77.34%73.67%83.44%84.03%+521 bps
Liquid Assets / Assets22.99%23.97%24.74%16.50%18.32%-466 bps
CRE / Total Capitaln/a373%388%411%n/an/a