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Putnam County National Bank of Carmel, The

Carmel, NY · Cert 6990

National charter · OCC · 6 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the New York-Newark-Jersey City, NY-NJ area3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in the New York-Newark-Jersey City, NY-NJ area (n=30 to 31). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

77

Q2 2024Q2 2026peer median (50)

Asset Quality

74

Q2 2024Q2 2026peer median (50)

Profitability

76

Q2 2024Q2 2026peer median (50)

Liquidity

87

Q2 2024Q2 2026peer median

Efficiency

84

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

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 2026-10-10

Putnam County National Bank of Carmel, The

Carmel, NY · Cert 6990

National charter · OCC · 6 branches

Q2 2026

$182.7MAssets
$123.3MLoans
$135.2MDeposits
$46.4MEquity
Loan mix
100%RE $122.9M0%C&I $0.2M0%Consumer $0.1MQ2 2025Q2 2026
Deposit mix
61%Interest-bearing $82.0M39%Noninterest $53.2MQ2 2025Q2 2026

NIM

4.25%Q2 ’244.23%Q2 ’254.29%Q2 ’26-2%+1%

Non-interest income vs. expense

2.65%Q2 ’242.58%Q2 ’252.57%Q2 ’26+11%-2%

Market Position · New York-Newark-Jersey City, NY-NJ · 2026 SOD (annual) · 0.0% share · #124 of 151 inst. · $0.1B of $2921.1B

4.8% Putnam
0.0% Westchester

Executive Summary

  • Earnings: ROA of 1.31%, up 23 bps year over year; NIM at 4.02%.
  • Asset quality: problem loans at 0.48% of loans (-16 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 26.77%, up 128 bps from a year ago.
  • Funding: loans stand at 91.16% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.31%+23 bps YoY

Net Interest Margin (YTD, annualized)

4.02%+5 bps YoY

Efficiency Ratio (YTD, annualized)

62.97%-161 bps YoY

Tier 1 Leverage Ratio

26.77%+128 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.07%1.10%1.16%1.02%1.31%+23 bps
Return on Equity4.29%4.46%4.64%3.88%5.05%+76 bps
Net Interest Margin3.97%3.93%4.24%3.85%4.02%+5 bps
Efficiency Ratio64.58%63.13%63.95%65.96%62.97%-161 bps
Non-Interest Burden2.51%2.43%2.66%2.47%2.46%-5 bps
Growth
Asset Growth (YoY)2.41%2.01%1.17%-0.74%5.27%+286 bps
Loan Growth (YoY)0.50%-0.18%-2.07%2.07%2.53%+202 bps
Deposit Growth (YoY)1.95%1.47%0.02%-2.49%5.41%+346 bps
Asset Quality
Nonperforming Loans / Loans0.63%1.04%0.59%0.52%0.48%-16 bps
Net Charge-Offs / Loans0.00%-0.22%-0.37%0.00%0.00%0 bps
Allowance / Loans1.26%1.43%1.66%1.58%1.42%+16 bps
Allowance Coverage of NPLs2.0x1.4x2.8x3.0x3.0x+1.0x
Capital
Tier 1 Leverage Ratio25.49%25.45%25.96%26.39%26.77%+128 bps
Total Risk-Based Capital25.49%25.45%25.96%26.39%26.77%+128 bps
Equity / Assets25.28%23.87%26.00%26.39%25.37%+9 bps
Liquidity & Funding
Loans / Deposits93.73%85.47%92.01%97.60%91.16%-256 bps
Liquid Assets / Assets27.23%32.81%29.80%26.14%29.87%+264 bps
CRE / Total Capitaln/a154.67%149.13%159.89%n/an/a

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. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-10

Putnam County National Bank of Carmel, The

Carmel, NY · Cert 6990 · Peer group: banks under $1B in assets in the New York-Newark-Jersey City, NY-NJ area (n=30-31)

National charter · OCC · 6 branches

Q2 2026

$182.7MAssets
$123.3MLoans
$135.2MDeposits
$46.4MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in the New York-Newark-Jersey City, NY-NJ area (rank 17 of 30).
  • Widest gap: nonperforming loans / loans trails 53% of banks under $1B in assets in the New York-Newark-Jersey City, NY-NJ area (rank 17 of 30).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.26%

Rank 5 of 31

Net Interest Margin

4.02%

Rank 7 of 31

Efficiency Ratio

62.97%

Rank 6 of 31

Equity / Assets

25.37%

Rank 5 of 31

Non-interest income vs. expense

$0.2M$4.5MINCOMEEXPENSE
Unfavorable gap of $4.3M · efficiency ratio beats 84% of banks under $1B in assets in the New York-Newark-Jersey City, NY-NJ area
Bank 62.97%Peer median 83.7%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.26%-0.02%0.39%0.84%Beats 84%5 / 31
Return on Equity4.98%-0.19%2.57%5.72%Beats 68%10 / 31
Net Interest Margin4.02%2.51%3.30%3.85%Beats 77%7 / 31
Efficiency Ratio62.97%68.41%83.66%91.76%Beats 84%6 / 31
Asset Quality
Nonperforming Loans / Loans0.48%0.18%0.47%2.65%Beats 47%17 / 30
Net Charge-Offs / Loans0.00%n/an/a0.02%Beats 100%17 / 30
Capital
Tier 1 Capital Ratio26.77%13.24%15.54%26.77%Beats 74%8 / 31
Total Risk-Based Capital Ratio26.77%14.07%16.32%26.77%Beats 74%8 / 31
Equity / Assets25.37%10.38%13.26%17.83%Beats 84%5 / 31
Liquidity & Funding
Loans / Deposits91.16%84.03%94.98%103.65%42nd pctl18 / 31
Loans / Assets67.47%61.61%75.31%83.78%32nd pctl21 / 31
Brokered Deposits / Depositsn/aNot reported for this institution