Investor Presentation (2Q2016)
Securities Portfolio
Securities portfolio represents -28% of
total assets
Agency securities calls during Q1 2016;
plus, selective sales to manage risk
and portfolio efficiency
■
Higher percentage of assets due to
ESB Financial merger
.
Balance sheet risk reduction strategy
Use to fund future loan growth
No credit-related issues
Average tax-equivalent portfolio yield
of 2.90%
> Weighted average life ~4.4 years
➤ 54% unpledged
➤ Helps stay under $10B threshold even
with 1-2 smaller acquisitions during
next 1-3 years (adjust portfolio size)
Note: financial data as of 3/31/2016
Composition as of 3/31/2016
Agency
Mortgage-
Backed &
CMO
58%
Other
1%
Total Securities = $2.4B
Municipals
35%
Corporate
Bonds
3%
U.S. Gov't
Agencies
3%
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