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Press Release

Signature Bank Reports 2007 Third Quarter Results

Company Release - 10/25/2007 5:00 AM ET

NEW YORK--(BUSINESS WIRE)--

Signature Bank (Nasdaq: SBNY):

    --  Net Income Rose 29.8 Percent to $10.7 Million or $0.36 Diluted
        Earnings Per Share versus $8.3 Million or $0.28 Diluted
        Earnings Per Share for the 2006 Third Quarter

    --  Deposits at $4.39 Billion, a Decrease of $116.9 Million for
        the Quarter, Which Includes Core Deposit Growth of $196.8
        Million and an Expected Decrease of $313.7 Million in
        Short-Term Escrow Deposits; Average Deposits Increased $281.8
        Million During the Quarter

    --  Loans Increased $115.2 Million or 6.4 Percent for the Quarter;
        Average Loans up $116.4 Million, or 6.7 Percent During the
        Quarter

    --  Net Interest Margin Decreased Four Basis Points as a Result of
        the Expected Outflow of Short-Term Escrow Deposits; Excluding
        the Effects of the Short-Term Escrow Movement During the 2007
        Second and Third Quarters, Core Margins Expanded Three Basis
        Points This Quarter

    --  Two Private Client Banking Teams Joined During the Quarter;
        Six New Teams Added During First Nine Months of 2007

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced results for its 2007 third quarter ended September 30, 2007.

Net income for the quarter rose 29.8 percent to $10.7 million or $0.36 diluted earnings per share, versus $8.3 million or $0.28 diluted earnings per share for the 2006 third quarter. The growth in net income is primarily the result of expanding core net interest margins derived from increases in core deposits and loans as a percentage of assets.

Net interest income totaled $38.2 million for the third quarter, an increase of $7.6 million or 24.8 percent from the comparable period last year. Total assets were at $5.61 billion, up $899.2 million or 19.1 percent over the $4.71 billion reported at the end of the third quarter of 2006.

Deposits at the end of the third quarter were $4.39 billion, a decrease of $116.9 million over the second quarter 2007. This includes core deposit growth of $196.8 million and a decrease of $313.7 million in short-term escrow deposits, which due to their nature and as expected, were released during the quarter. Excluding short-term escrow deposits of $550.3 million at December 31, 2006 and $187.8 million at September 30, 2007, core deposits increased $541.5 million during the first nine months of 2007. When compared with deposits at September 30, 2006, the overall deposit growth represents an increase of $847.1 million or 23.9 percent.

Commenting on the results for the 2007 third quarter, Joseph J. DePaolo, President and Chief Executive Officer, said: "We achieved another solid quarter, one where we delivered steady growth on all fronts including banking teams, core deposits, loans, core margins and earnings. We continue to reach these milestones and demonstrate consistent financial performance as we execute our strategy, which includes attracting talented, veteran banking professionals and providing them a platform that offers their clients a consistent single point of contact.

"During the past several years, Signature Bank has fast become the bank of choice for both bankers and clients throughout our target market. All the recent consolidation and other changes in the financial services industry have left Signature Bank as virtually the only remaining mid-sized commercial bank headquartered in New York City catering to privately owned businesses providing us many excellent recruitment opportunities to date. Our business model affords those who join the Bank the ability to serve clients without the bureaucracy and red tape often found at the mega-banks," DePaolo explained.

Scott A. Shay, Chairman of the Board, noted that: "Signature Bank has executed on its model and core philosophy. We continue to deliver shareholder value by carefully and effectively managing our balance sheet and attaining solid growth across all the key metrics used when measuring the Bank's success. Our sustained performance over the quarters indicates that we have a distinct understanding of the marketplace we serve, which enables us to take full advantage of the consolidation and changes that are proceeding at a rapid pace."

Net Interest Income

Net interest income for the third quarter of 2007 was $38.2 million, representing an increase of $7.6 million, or 24.8 percent, from the same period last year. Average interest-earning assets for the 2007 third quarter increased $841.7 million, an increase of 19.2 percent from the comparable period a year ago. Asset yields for the 2007 third quarter grew 29 basis points to 5.92 percent, when compared with the third quarter of 2006, based on higher short-term rates, more favorable market conditions and an increase in loans as a percentage of average interest-earning assets. Average cost of deposits and funds for the third quarter of 2007 increased by 43 and 17 basis points to 2.85 and 3.11 percent, respectively, versus the comparable quarter last year. The increase in the cost of deposits and funds is reflective of the competitive marketplace.

Net interest income for the nine-month period ended September 30, 2007 was $108.7 million, up $19.4 million or 21.7 percent from the comparable period last year.

The net interest margin for the third quarter of 2007 increased 13 basis points to 2.91 percent when compared with the same period last year. On a linked quarter basis, net interest margin decreased four basis points, which largely reflects the outflow of short-term escrow deposits during the quarter. Excluding the effects of the short-term escrow deposits, core net interest margin increased approximately three basis points from the linked quarter. This core margin expansion was driven by the benefits from continued improvement in the average loan to average earning asset mix as well as the growth in core deposits.

Non-Interest Income and Non-Interest Expense

Non-interest income for the 2007 third quarter was $7.5 million, up $2.4 million or 46.2 percent, compared with $5.1 million reported in the same period last year. For the first nine months of 2007, non-interest income was $21.7 million, compared with $15.1 million reported in the comparable period a year ago, representing an increase of $6.7 million, or 44.2 percent. This was largely the result of commissions associated with off-balance sheet escrow deposits as well as an increase in fees and service charges related to client expansion.

Non-interest expense for the quarter ended September 30, 2007 was $25.5 million versus $20.6 million reported for the third quarter a year ago. This increase was primarily due to the addition of new private client banking teams and locations, increased growth in client activity, including the operating expense associated with short-term escrow deposits, as well as additional expense for newly enacted FDIC deposit assessment fees.

The Bank's efficiency ratio was 55.9 percent for third quarter 2007, versus 57.5 percent for the 2006 third quarter and 56.8 percent for the second quarter of 2007. This improvement was due to growth in net interest income and non-interest income coupled with expense containment.

Loans

For the 2007 third quarter, loans, excluding loans held for sale, increased $115.2 million or 6.4 percent to $1.90 billion at September 30, 2007, versus $1.79 billion at June 30, 2007. At September 30, 2007, loans to total assets were at 33.9 percent, compared with 31.3 percent at the end of the 2007 second quarter. The increase was driven by the aforementioned rise in loans, coupled with the outflow of short-term escrow deposits and corresponding decrease in total assets. Average loans, excluding loans held for sale, for the 2007 third quarter increased $116.4 million, or 6.7 percent, to $1.86 billion.

Loans held for sale were $182.3 million as of September 30, 2007, an increase of $43.7 million or 31.6 percent from June 30, 2007. Periodic fluctuations of loans held for sale are predominantly due to the timing of SBA loan purchases and subsequent pool sales.

At September 30, 2007 and June 30, 2007, non-performing loans were $2.6 million, representing 0.14 percent of total loans. At September 30, 2007, the ratio of allowance for loan losses to total loans was at 0.72 percent and the ratio of allowance for loan losses to total non-performing loans was 519.6 percent.

Capital

Signature Bank's capital ratios remain strong. The Bank's tier 1 risk-based, total risk-based and leverage capital ratios were approximately 15.16 percent, 15.63 percent and 8.06 percent, respectively, as of September 30, 2007, well in excess of regulatory requirements. The ratios reflect the relatively low risk profile of the balance sheet.

Conference Call

Signature Bank's management will host a conference call to review results of the 2007 third quarter on Thursday, October 25, 2007, at 10:00 AM ET. Participants should dial 866-250-4375 at least ten minutes prior to the start of the call. International callers should dial 303-262-2139.

To hear a live web simulcast or to listen to the archived web cast following completion of the call, please visit the Bank's web site at www.signatureny.com, click on the "Investor Relations" tab, then select "Company News," followed by "Conference Calls," to access the link to the call. To listen to a telephone replay of the conference call, please dial 303-590-3000 and enter reservation identification number 11099635. The replay will be available from approximately 12:00 PM ET on Thursday, October 25, 2007, through 11:59 PM ET on Tuesday, October 30, 2007.

About Signature Bank

Signature Bank, member FDIC, is a New York-based full-service commercial bank with 19 private client offices located in the New York metropolitan area, serving the needs of privately owned businesses, their owners and senior managers through dozens of private client groups. The Bank offers a wide variety of business and personal banking products and services as well as investment, brokerage, asset management and insurance products and services through its subsidiary, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member NASD/SIPC.

Signature Bank's 19 offices are located throughout the metropolitan New York area. In Manhattan - 261 Madison Avenue; 300 Park Avenue; 71 Broadway; 565 Fifth Avenue; 950 Third Avenue; 200 Park Avenue South and 1020 Madison Avenue. Brooklyn - 26 Court Street and 84 Broadway. Westchester - 1C Quaker Ridge Road, New Rochelle and 360 Hamilton Avenue, White Plains. Long Island - 1225 Franklin Avenue, Garden City; 279 Sunrise Highway, Rockville Centre; 58 South Service Road, Melville; 923 Broadway, Woodmere and 40 Cuttermill Road in Great Neck. Queens - 36-36 33rd Street, Long Island City and 78-27 37th Avenue, Jackson Heights. Bronx - 421 Hunts Point Avenue, Bronx.

For more information, please visit www.signatureny.com.

This press release and oral statements made from time to time by our representatives contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. Forward-looking statements include information concerning our future results, interest rates and the interest rate environment, loan and deposit growth, operations, new private client team hires, new office openings and business strategy. These statements often include words such as "may," "believe," "expect," "anticipate," "intend," "plan," "estimate" or other similar expressions. As you consider forward-looking statements, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions that could cause actual results to differ materially from those in the forward-looking statements. These factors include but are not limited to: (i) prevailing economic conditions; (ii) changes in interest rates, loan demand, real estate values, and competition, which can materially affect origination levels and gain on sale results in our business, as well as other aspects of our financial performance; (iii) the level of defaults, losses and prepayments on loans made by us, whether held in portfolio or sold in the whole loan secondary markets, which can materially affect charge-off levels and required credit loss reserve levels; and (iv) competition for qualified personnel and desirable office locations. Additional risks are described in our quarterly and annual reports filed with the FDIC. You should keep in mind that any forward-looking statements made by Signature Bank speak only as of the date on which they were made. New risks and uncertainties come up from time to time, and we cannot predict these events or how they may affect the Bank. Signature Bank has no duty to, and does not intend to, update or revise the forward-looking statements after the date on which they are made. In light of these risks and uncertainties, you should keep in mind that any forward-looking statement made in this release or elsewhere might not reflect actual results.

SIGNATURE BANK
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)


                                  Three months ended Nine months ended
                                    September 30,      September 30,
                                  ------------------ -----------------
(dollars in thousands, except per
 share amounts)                      2007     2006     2007     2006
--------------------------------- ---------- ------- --------- -------
INTEREST AND DIVIDEND INCOME
Loans held for sale                   $1,287   1,420     4,019   3,584
Loans, net                            35,357  25,035    98,455  65,001
Securities available-for-sale         36,004  31,138   104,555  91,038
Securities held-to-maturity            3,879   4,078    11,501  12,019
Other short-term investments           1,361     414     2,834   1,376
--------------------------------- ---------- ------- --------- -------
 Total interest income                77,888  62,085   221,364 173,018
--------------------------------- ---------- ------- --------- -------
INTEREST EXPENSE
Deposits                              31,103  20,422    82,764  56,288
Federal funds purchased and
 securities sold under agreements
 to repurchase                         6,574   6,744    20,832  15,824
Federal Home Loan Bank advances        1,932   3,528     8,019   9,573
Other short-term borrowings               39     740     1,032   1,992
--------------------------------- ---------- ------- --------- -------
 Total interest expense               39,648  31,434   112,647  83,677
--------------------------------- ---------- ------- --------- -------
Net interest income before
 provision for loan losses            38,240  30,651   108,717  89,341
Provision for loan losses              2,175     746     5,322   2,634
--------------------------------- ---------- ------- --------- -------
Net interest income after
 provision for loan losses            36,065  29,905   103,395  86,707
--------------------------------- ---------- ------- --------- -------
NON-INTEREST INCOME
Commissions                            3,165   1,775     9,129   5,190
Fees and service charges               3,135   2,368     8,947   7,023
Net gains on sales of securities
 and loans                               624     450     1,899   1,328
Other income                             570     534     1,755   1,524
--------------------------------- ---------- ------- --------- -------
 Total non-interest income             7,494   5,127    21,730  15,065
--------------------------------- ---------- ------- --------- -------
NON-INTEREST EXPENSE
Salaries and benefits                 15,564  12,865    44,572  36,694
Occupancy and equipment                2,640   2,417     7,577   6,620
Other general and administrative       7,341   5,297    21,835  16,046
--------------------------------- ---------- ------- --------- -------
 Total non-interest expense           25,545  20,579    73,984  59,360
--------------------------------- ---------- ------- --------- -------
Income before income taxes            18,014  14,453    51,141  42,412
Income tax expense                     7,271   6,174    20,833  17,937
--------------------------------- ---------- ------- --------- -------
Net income                           $10,743   8,279    30,308  24,475
--------------------------------- ---------- ------- --------- -------
PER COMMON SHARE DATA
Earnings per share - basic             $0.36    0.28      1.02    0.83
Earnings per share - diluted           $0.36    0.28      1.01    0.82
SIGNATURE BANK
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION


                                            September 30, December 31,
                                                2007         2006
(dollars in thousands, except per share      (unaudited)
 amounts)
------------------------------------------- ------------- ------------
ASSETS
Cash and due from banks                         $160,213      150,227
Short-term investments                            53,460      320,594
------------------------------------------- ------------- ------------
    Total cash and cash equivalents              213,673      470,821
------------------------------------------- ------------- ------------
Securities available-for-sale (pledged
 $1,505,124 at September 30, 2007 and
 $1,529,241 at December 31, 2006)              2,786,072    2,654,605
Securities held-to-maturity (fair market
 value $345,953 at September 30, 2007 and
 $373,541 at December 31, 2006; pledged
 $214,754 at September 30, 2007 and
 $269,387 at December 31, 2006)                  352,518      381,728
Federal Home Loan Bank stock                      13,787       16,961
Loans held for sale                              182,254      125,978
Loans, net                                     1,889,176    1,563,789
Premises and equipment, net                       24,918       22,221
Accrued interest and dividends receivable         34,735       29,338
Other assets                                     116,584      133,984
------------------------------------------- ------------- ------------
    Total assets                              $5,613,717    5,399,425
------------------------------------------- ------------- ------------
LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits
  Non-interest-bearing                         1,154,084    1,586,440
  Interest-bearing                             3,236,118    2,624,719
------------------------------------------- ------------- ------------
    Total deposits                             4,390,202    4,211,159
------------------------------------------- ------------- ------------
Federal funds purchased and securities sold
 under agreements to repurchase                  567,000      467,000
Federal Home Loan Bank advances                  175,000      260,000
Other short-term borrowings                        2,335        6,687
Accrued expenses and other liabilities            59,689       61,981
------------------------------------------- ------------- ------------
    Total liabilities                          5,194,226    5,006,827
------------------------------------------- ------------- ------------
Shareholders' equity
Preferred stock, par value $.01; 61,000,000
 shares authorized and unissued at
 September 30, 2007 and December 31, 2006              -            -
Common stock, par value $.01; 64,000,000
 shares authorized; 29,689,712 and
 29,598,107 shares issued and outstanding
 at September 30, 2007 and December 31,
 2006                                                297          296
Additional paid-in capital                       369,414      366,715
Retained earnings                                 76,471       46,163
Accumulated other comprehensive loss, net
 of tax:
  Net unrealized depreciation on securities
   available-for-sale                            (25,101)     (20,576)
  Net unrealized depreciation on securities
   transferred to held-to-maturity                (1,590)           -
------------------------------------------- ------------- ------------
    Total shareholders' equity                   419,491      392,598
------------------------------------------- ------------- ------------
    Total liabilities and shareholders'
     equity                                   $5,613,717    5,399,425
------------------------------------------- ------------- ------------
SIGNATURE BANK
FINANCIAL SUMMARY, CAPITAL RATIOS, ASSET QUALITY
(unaudited)

                               Three months ended   Nine months ended
                               ------------------- -------------------
(dollars in thousands, except  September September September September
 ratios and per share amounts)  30, 2007  30, 2006  30, 2007  30, 2006
------------------------------ --------- --------- --------- ---------
PER SHARE
Net income - basic                $0.36    $0.28      $1.02     $0.83
Net income - diluted              $0.36    $0.28      $1.01     $0.82
Average shares outstanding -
 basic                           29,689   29,483     29,664    29,446
Average shares outstanding -
 diluted                         30,080   29,875     30,054    29,855
Book value                       $14.13   $12.78     $14.13    $12.78

SELECTED FINANCIAL DATA
Return on average total assets     0.78%    0.71%      0.76%     0.73%
Return on average
 shareholders' equity             10.31%    9.09%      9.98%     9.25%
Efficiency ratio                  55.86%   57.52%     56.72%    56.85%
Yield on interest-earning
 assets                            5.92%    5.63%      5.90%     5.42%
Cost of deposits and
 borrowings                        3.11%    2.94%      3.10%     2.71%
Net interest margin                2.91%    2.78%      2.90%     2.80%



                               September June 30,  December  September
                                30, 2007   2007     31, 2006  30, 2006
------------------------------ --------- --------- --------- ---------
CAPITAL RATIOS
Tier one leverage                  8.06%    8.21%      8.41%     8.61%
Tier one risk-based               15.16%   15.43%     16.18%    17.55%
Total risk-based                  15.63%   15.86%     16.73%    18.10%

ASSET QUALITY
Non-performing loans             $2,620   $2,556     $8,756    $8,937
Allowance for loan losses       $13,613  $12,238    $13,829   $12,339
Allowance for loan losses to
 non-performing loans            519.58%  478.79%    157.94%   138.07%
Allowance for loan losses to
 total loans                       0.72%    0.68%      0.88%     0.88%
Non-performing loans to total
 loans                             0.14%    0.14%      0.56%     0.64%
Quarterly net charge-offs to
 average loans (annualized)        0.17%    0.89%      0.01%     0.03%
SIGNATURE BANK
NET INTEREST MARGIN ANALYSIS
(unaudited)

                   Three months ended          Three months ended
                   September 30, 2007          September 30, 2006
               -------------------------------------------------------
                          Interest Average            Interest Average
(dollars in     Average    Income/  Yield/  Average    Income/  Yield/
 thousands)      Balance   Expense   Rate    Balance   Expense   Rate
-------------- ---------- -------- ------------------ -------- -------
INTEREST-
 EARNING
 ASSETS
Short-term
 investments      $82,674    1,067   5.12%    $10,004      117   4.64%
Investment
 securities     3,193,354   40,177   5.03%  2,981,439   35,513   4.76%
Commercial
 loans and
 commercial
 mortgages      1,565,798   29,710   7.53%  1,015,869   19,559   7.64%
Residential
 mortgages        170,548    2,440   5.72%    156,694    2,187   5.58%
Consumer loans    120,276    3,207  10.58%    132,858    3,289   9.82%
Loans held for
 sale              84,453    1,287   6.05%     78,540    1,420   7.17%
-------------- ---------- -------- ------------------ -------- -------
  Total
   interest-
   earning
   assets       5,217,103   77,888   5.92%  4,375,404   62,085   5.63%
-------------- ---------- -------- ------------------ -------- -------
  Non-
   interest-
   earning
   assets         281,303                     248,791
-------------- ---------- -------- ------------------ -------- -------
    Total
     assets    $5,498,406                  $4,624,195
-------------- ---------- -------- ------------------ -------- -------
INTEREST-
 BEARING
 LIABILITIES
Interest-
 bearing
 deposits
  NOW and
   interest-
   bearing
   checking       301,816    1,455   1.91%    234,024      973   1.65%
  Money market
   accounts     2,418,115   25,562   4.19%  1,804,448   16,516   3.63%
  Time
   deposits       333,989    4,086   4.85%    255,536    2,933   4.55%
Non-interest-
 bearing
 deposits       1,269,816        -      -   1,052,944        -      -
-------------- ---------- -------- ------------------ -------- -------
    Total
     deposits   4,323,736   31,103   2.85%  3,346,952   20,422   2.42%
-------------- ---------- -------- ------------------ -------- -------
Borrowings        738,522    8,545   4.59%    897,612   11,012   4.87%
-------------- ---------- -------- ------------------ -------- -------
    Total
     deposits
     and
     borrow-
     ings       5,062,258   39,648   3.11%  4,244,564   31,434   2.94%
-------------- ---------- -------- ------------------ -------- -------
    Other
     non-
     interest-
     bearing
     liabili-
     ties and
     share-
     holders'
     equity       436,148                     379,631
-------------- ---------- -------- ------------------ -------- -------
    Total
     liabili-
     ties and
     share-
     holders'
     equity    $5,498,406                  $4,624,195
-------------- ---------- -------- ------------------ -------- -------
OTHER DATA
Net interest
 income /
 interest rate
 spread                     38,240   2.81%              30,651   2.69%
-------------- ---------- -------- ------------------ -------- -------
Net interest
 margin                              2.91%                       2.78%
-------------- ---------- -------- ------------------ -------- -------
Ratio of
 average
 interest-
 earning
 assets to
 average
 interest-
 bearing
 liabilities                       103.06%                     103.08%
-------------- ---------- -------- ------------------ -------- -------
SIGNATURE BANK
NET INTEREST MARGIN ANALYSIS
(unaudited)

                    Nine months ended           Nine months ended
                   September 30, 2007          September 30, 2006
               -------------------------------------------------------
                          Interest Average            Interest Average
(dollars in     Average    Income/  Yield/  Average    Income/  Yield/
 thousands)      Balance   Expense   Rate    Balance   Expense   Rate
-------------- ---------- -------- ------------------ -------- -------
INTEREST-
 EARNING
 ASSETS
Short-term
 investments      $47,270    1,895   5.36%    $16,212      608   5.01%
Investment
 securities     3,151,423  116,995   4.95%  3,014,321  103,825   4.59%
Commercial
 loans and
 commercial
 mortgages      1,442,369   81,313   7.54%    928,034   51,101   7.36%
Residential
 mortgages        170,192    7,235   5.67%    104,779    4,286   5.45%
Consumer loans    121,505    9,907  10.90%    131,875    9,614   9.75%
Loans held for
 sale              84,587    4,019   6.35%     71,429    3,584   6.71%
-------------- ---------- -------- ------------------ -------- -------
  Total
   interest-
   earning
   assets       5,017,346  221,364   5.90%  4,266,650  173,018   5.42%
-------------- ---------- -------- ------------------ -------- -------
  Non-
   interest-
   earning
   assets         295,192                     244,054
-------------- ---------- -------- ------------------ -------- -------
    Total
     assets    $5,312,538                  $4,510,704
-------------- ---------- -------- ------------------ -------- -------
INTEREST-
 BEARING
 LIABILITIES
Interest-
 bearing
 deposits
  NOW and
   interest-
   bearing
   checking       289,939    4,195   1.93%    225,766    2,478   1.47%
  Money market
   accounts     2,140,764   65,892   4.12%  1,777,538   45,033   3.39%
  Time
   deposits       347,066   12,677   4.88%    279,808    8,777   4.19%
Non-interest-
 bearing
 deposits       1,238,843        -      -   1,033,253        -      -
-------------- ---------- -------- ------------------ -------- -------
    Total
     deposits   4,016,612   82,764   2.75%  3,316,365   56,288   2.27%
-------------- ---------- -------- ------------------ -------- -------
Borrowings        848,150   29,883   4.71%    815,317   27,389   4.49%
-------------- ---------- -------- ------------------ -------- -------
    Total
     deposits
     and
     borrow-
     ings       4,864,762  112,647   3.10%  4,131,682   83,677   2.71%
-------------- ---------- -------- ------------------ -------- -------
    Other
     non-
     interest-
     bearing
     liabili-
     ties
     and
     share-
     holders'
     equity       447,776                     379,022
-------------- ---------- -------- ------------------ -------- -------
    Total
     liabili-
     ties and
     share-
     holders'
     equity    $5,312,538                  $4,510,704
-------------- ---------- -------- ------------------ -------- -------
OTHER DATA
Net interest
 income /
 interest rate
 spread                    108,717   2.80%              89,341   2.71%
-------------- ---------- -------- ------------------ -------- -------
Net interest
 margin                              2.90%                       2.80%
-------------- ---------- -------- ------------------ -------- -------
Ratio of
 average
 interest-
 earning
 assets to
 average
 interest-
 bearing
 liabilities                       103.14%                     103.27%
-------------- ---------- -------- ------------------ -------- -------

Source: Signature Bank

Contact: Signature Bank Investor Contact: Eric R. Howell, 646-822-1402 Chief Financial Officer ehowell@signatureny.com or Media Contact: Susan J. Lewis, 646-822-1825 slewis@signatureny.com