Signature Bank Reports 2009 Third Quarter Results

--Core Deposit Growth for the 2009 Third Quarter Reached Record Levels of $534.9 Million, or 9.2 Percent

--Loans Increased $361.4 Million, or 9.6 Percent, to $4.13 Billion for the Quarter

--Total Non-Performing Loans Remained Relatively Stable at $51.2 Million, or 1.24 Percent of Total Loans, Compared with $47.9 Million, or 1.27 Percent of Total Loans at June 30, 2009

--Tier One Leverage, Tier One Risk-Based and Total Risk-Based Capital Ratios of 9.80 Percent, 14.46 Percent and 15.34 Percent, Respectively. Bank Remains Significantly Above Thresholds Required to Meet FDIC "Well Capitalized" Standards. Tangible Common Equity Ratio at a High 9.00 Percent

--Net Interest Margin on a Tax-equivalent Basis Remained Unchanged at 3.39 Percent Versus the 2009 Second Quarter

--Two Private Client Banking Teams Joined the Bank During the Third Quarter and One New Office Opened; Another Team Hired in the Fourth Quarter for a Total of 13 Teams Added Year-to-Date

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial
bank, today announced its results for the 2009 third quarter ended
September 30, 2009.

Net income for the 2009 third quarter increased 65.0 percent to $15.2
million, or $0.37 diluted earnings per share, compared with $9.2
million, or $0.29 diluted earnings per share, for the 2008 third quarter.
The 2008 third quarter results include an $8.0 million other than
temporary impairment write-down on a single Lehman Brothers senior
debenture. Excluding the after-tax effect of the impairment write-down
on this debenture, net income for the 2008 third quarter would have been
$13.6 million, or $0.44 diluted earnings per share.

The increase in net income during the third quarter is a result of
several factors, including record core deposit growth, solid loan growth
and net interest margin expansion. These factors were partially offset
by an increase in the provision for loan losses, a decrease in
commissions and an increase in non-interest expenses.

Net interest income for the third quarter of 2009 was $68.6 million, an
increase of $18.5 million, or 37.0 percent, when compared with the same
period last year. Total assets reached $8.6 billion at September 30,
2009, expanding $1.41 billion, or 19.6 percent, when compared with $7.19
billion at December 31, 2008. Average assets for the 2009 third quarter
were $8.35 billion, an increase of $1.87 billion, or 28.9 percent, from
the comparable period last year.

Deposits during the third quarter of 2009 grew $701.2 million, or 11.5
percent, to $6.8 billion at September 30, 2009. Core deposits increased
$534.9 million, or 9.2 percent, along with an increase of $192.9 million
in short-term escrow deposits and a decrease of $26.5 million in
brokered deposits. When compared with deposits at December 31, 2008, the
overall deposit growth during the past nine months represents an
increase of $1.42 billion, or 26.3 percent. Core deposit growth for the
nine months ended September 30, 2009, was $1.32 billion, or 26.3 percent.

"The third quarter of 2009 represents yet another quarter where the Bank
achieved record core deposit growth and demonstrated strong financial
performance across all key metrics, including core earnings, margins and
loans as well as deposits. Signature Bank continues to perform while the
industry remains challenged," stated Joseph J. DePaolo, Signature Bank
President and Chief Executive Officer.

"We are able to sustain our solid growth and continue to build our
reputation because we remain true to our depositor-focused business
model. We are capitalizing on the instabilities amid our competitive
landscape and, toward this end, we added 13 private client banking teams
to date this year. Our successful strategy is evidenced by our record
core deposit growth again this quarter. The success of our teams, both
new and established, stems from the fact clients simply want to bank at
an institution where they know their deposits are safe and where our
team-based single point of contact model meets all their needs," DePaolo
commented.

Scott A. Shay, Chairman of the Board, discussed the Bank's results and
market position: "While the banking industry continues to struggle,
Signature Bank stands out in stability, success and strength. Our strong
balance sheet allows us to take full advantage of opportunities to hire
talented banking professionals, organically grow core client deposit
relationships and provide secure lending. Our core principles and
philosophies have been our compass since our founding and, frankly, they
are not only guiding us through these treacherous times but, rather,
they have enabled us to flourish. We always place depositor interests as
the first and foremost priority in our minds."

Capital

The Bank's tier one leverage, tier one risk-based, and total risk-based
capital ratios were approximately 9.80 percent, 14.46 percent and 15.34
percent, respectively, as of September 30, 2009, well in excess of
regulatory requirements. The Bank's strong risk-based ratios reflect the
relatively low risk profile of the Bank's balance sheet. The Bank's
tangible common equity ratio remains strong at 9.00 percent.

Net Interest Income

Net interest income on a tax-equivalent basis for the 2009 third quarter
was $68.6 million, an increase of $18.5 million, or 36.9 percent, when
compared with the 2008 third quarter. Average interest-earning assets
for the 2009 third quarter rose $1.90 billion, or 31.0 percent, from the
comparable prior year period. Yield on interest-earning assets for the
third quarter of 2009 decreased 36 basis points, to 4.96 percent, versus
the 2008 third quarter. The decrease was primarily attributable to lower
prevailing interest rates.

Average costs of deposits and average costs of funds for the 2009 third
quarter decreased by 38 and 45 basis points to 1.33 percent and 1.67
percent, respectively, when compared with the 2008 third quarter. These
decreases were predominantly the result of lower prevailing interest
rates.

Net interest margin on a tax-equivalent basis for the 2009 third quarter
increased 13 basis points to 3.39 percent compared with the same period
last year. On a linked-quarter basis, net interest margin remained
unchanged at 3.39 percent as cash balances were excessive given the
Bank's cautious deployment of deposit inflows.

Provision for Loan Losses

The Bank's provision for loan losses for the third quarter of 2009 was
$11.9 million, up $6.1 million compared with the same period a year ago
and up $2.5 million from $9.4 million for the second quarter of 2009.
The increase was primarily driven by the growth in the loan portfolio,
combined with an increase in charge-offs, non-performing loans and
provisions to recognize the effect of the current economic environment
on the Bank's loan portfolio.

Net charge-offs for the 2009 third quarter of 2009 were $6.6 million, or
0.66 percent on an annualized basis, compared with $4.4 million, or 0.48
percent, for the 2009 second quarter and $2.6 million, or 0.36 percent,
for the 2008 third quarter.

Non-Interest Income and Non-Interest Expense

Non-interest income for the 2009 third quarter was $7.3 million, an
increase of $3.6 million when compared with the $3.7 million reported in
the third quarter of 2008. Third quarter 2008 non-interest income was
negatively affected by an $8.0 million other than temporary impairment
write-down on a single Lehman Brothers senior debenture. Non-interest
income for the 2009 third quarter was impacted by a decrease of $2.7
million in commissions primarily due to a reduction in commissions
earned on off-balance sheet money market funds caused by the current low
interest rate environment.

Non-interest expense for the third quarter of 2009 was $38.6 million, up
$5.8 million, or 17.7 percent, versus $32.8 million reported in the 2008
third quarter. The increase for the quarter was primarily a result of
the addition of new private client banking teams and offices, growth in
client activity, and additional costs of $1.4 million related to FDIC
deposit assessment fees and the FDIC deposit guarantee program.

The Bank's efficiency ratio improved to 50.8 percent for the 2009 third
quarter versus 60.9 percent for the 2008 third quarter and 53.0 percent
after excluding the impairment write-down on the debenture described
above.

Loans

Loans, excluding loans held for sale, increased $361.4 million, or 9.6
percent, to $4.13 billion at September 30, 2009, versus $3.77 billion at
June 30, 2009. At September 30, 2009, loans accounted for 48.0 percent
of total assets, compared with 47.8 percent at June 30, 2009. Average
loans, excluding loans held for sale, reached $3.96 billion in the 2009
third quarter, growing $287.1 million, or 7.8 percent, since June 30,
2009.

At September 30, 2009, non-performing loans were $51.2 million,
representing 1.24 percent of total loans and 0.60 percent of total
assets, compared with non-performing loans of $47.9 million, or 1.27
percent of total loans, at June 30, 2009, and $30.8 million, or 1.0
percent of total loans, at September 30, 2008. At the end of the 2009
third quarter, the ratio of allowance for loan losses to total loans was
at 1.20 percent, versus 1.18 percent at June 30, 2009, and 1.00 percent
at September 30, 2008.

Conference Call

Signature Bank's management will host a conference call to review
results of the 2009 third quarter on Tuesday, October 27, 2009, at 10:00
a.m. ET. All participants should dial 480-629-9819 at least ten minutes
prior to the start of the call.

To hear a live Web simulcast or to listen to the archived webcast
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
303-590-3030 and enter reservation identification number 4173144. The
replay will be available from approximately 12:00 p.m. ET on Tuesday,
October 27, 2009, through 11:59 p.m. ET on Friday, October 30, 2009.

About Signature Bank

Signature Bank, member FDIC, a New York-based full-service commercial
bank with 23 private client offices in the New York metropolitan area,
serves 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 FINRA/SIPC.

Signature Bank's 23 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,
1020 Madison Avenue and 50 West 57th Street. Brooklyn - 26
Court Street; 84 Broadway and 6321 New Utrecht Avenue. 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; 68 South Service Road, Melville; 923 Broadway,
Woodmere; 40 Cuttermill Road, Great Neck and 100 Jericho Quadrangle,
Jericho. Queens - 36-36 33rd Street, Long Island City and
78-27 37th Avenue, Jackson Heights. Bronx - 421 Hunts Point
Avenue, Bronx. Staten Island - 2066 Hylan Blvd.

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, loan performance,
operations, capitalization, new private client team hires, new office
openings, the regulatory environment 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 and regulatory conditions, including the
establishment of special assessments by the FDIC; (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)                  2009               2008         2009          2008
INTEREST AND DIVIDEND INCOME
Loans held for sale                                               $    765           1,220        1,916         3,764
Loans, net                                                             55,445        42,648       153,995       112,026
Securities available-for-sale                                          40,717        34,666       114,166       103,044
Securities held-to-maturity                                            2,926         2,878        8,297         9,989
Other short-term investments                                           385           441          986           2,994
Total interest income                                                  100,238       81,853       279,360       231,817
INTEREST EXPENSE
Deposits                                                               22,130        20,620       63,572        66,200
Federal funds purchased and securities sold under agreements to        6,868         7,701        21,334        21,082
repurchase
Federal Home Loan Bank advances                                        2,626         3,369        7,792         8,041
Other short-term borrowings                                            -             65           -             125
Total interest expense                                                 31,624        31,755       92,698        95,448
Net interest income before provision for loan losses                   68,614        50,098       186,662       136,369
Provision for loan losses                                              11,881        5,781        30,878        18,218
Net interest income after provision for loan losses                    56,733        44,317       155,784       118,151
NON-INTEREST INCOME
Commissions                                                            2,033         4,716        7,505         14,048
Fees and service charges                                               3,167         3,276        9,780         10,268
Net gains on sales of securities                                       1,377         2,451        6,086         5,308
Net gains on sales of loans                                            1,168         422          2,036         1,332
Other-than-temporary impairment losses on securities                   (14,717 )     (7,973 )     (14,893 )     (9,614  )
Portion of loss recognized in other comprehensive income (before       14,094        -            14,094        -
taxes)
Net impairment losses on securities recognized in earnings             (623    )     (7,973 )     (799    )     (9,614  )
Trading (loss) income                                                  (270    )     130          (961    )     136
Other income                                                           452           686          1,370         1,854
Total non-interest income                                              7,304         3,708        25,017        23,332
NON-INTEREST EXPENSE
Salaries and benefits                                                  22,734        19,695       64,617        55,575
Occupancy and equipment                                                3,713         3,502        10,401        9,886
Other general and administrative                                       12,116        9,563        36,456        26,576
Total non-interest expense                                             38,563        32,760       111,474       92,037
Income before income taxes                                             25,474        15,265       69,327        49,446
Income tax expense                                                     10,307        6,070        27,571        19,549
Net income                                                             15,167        9,195        41,756        29,897
Dividends on preferred stock and related discount accretion            -             -            12,203        -
Net income available to common shareholders                       $    15,167        9,195        29,553        29,897
PER COMMON SHARE DATA
Earnings per share - basic (1)                                    $    0.37          0.30         0.79          0.99
Earnings per share - diluted (1)                                  $    0.37          0.29         0.78          0.98
(1) For the nine months ended September 30, 2009, includes the
negative effect of the $10.2 million deemed dividend associated
with the difference between the redemption payment and the
carrying value of the preferred stock repurchased from the United
States Department of the Treasury.

SIGNATURE BANK
CONSOLIDATED STATEMENTS OF FINANCIAL
CONDITION
                                                                    September 30,        December 31,
                                                                    2009                 2008
(dollars in thousands, except per share amounts)                    (unaudited)
ASSETS
Cash and due from banks                                             $    149,479         111,927
Short-term investments                                                   3,281           4,330
Total cash and cash equivalents                                          152,760         116,257
Securities available-for-sale (pledged $1,851,154 at September 30,       3,556,152       2,906,059
2009 and $1,812,790 at December 31, 2008)
Securities held-to-maturity (fair value $269,775 at September 30,        280,621         236,531
2009 and $230,539 at December 31, 2008; pledged $180,181 at
September 30, 2009 and $148,239 at December 31, 2008)
Federal Home Loan Bank stock                                             21,881          18,411
Loans held for sale                                                      267,530         217,680
Loans, net                                                               4,078,918       3,433,555
Premises and equipment, net                                              32,133          33,221
Accrued interest and dividends receivable                                41,461          36,326
Other assets                                                             169,795         194,159
Total assets                                                        $    8,601,251       7,192,199
LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits
Non-interest-bearing                                                     1,637,392       1,563,407
Interest-bearing                                                         5,166,851       3,824,479
Total deposits                                                           6,804,243       5,387,886
Federal funds purchased and securities sold under agreements to          647,000         785,000
repurchase
Federal Home Loan Bank advances                                          260,000         260,000
Other short-term borrowings                                              6,521           4,900
Accrued expenses and other liabilities                                   109,731         56,278
Total liabilities                                                        7,827,495       6,494,064
Shareholders' equity
Preferred stock, par value $.01; 61,000,000 shares authorized;           -               109,314
none issued at September 30, 2009; 120,000 shares with $1,000
liquidation value issued and outstanding at December 31, 2008, net
of discount
Common stock, par value $.01; 64,000,000 shares authorized;              406             352
40,617,307 and 35,244,946 shares issued and outstanding at
September 30, 2009 and December 31, 2008
Additional paid-in capital                                               666,720         534,458
Retained earnings                                                        152,015         116,707
Net unrealized depreciation on securities, net of tax                    (45,385   )     (62,696   )
Total shareholders' equity                                               773,756         698,135
Total liabilities and shareholders' equity                          $    8,601,251       7,192,199

SIGNATURE BANK
FINANCIAL SUMMARY, CAPITAL RATIOS,
ASSET QUALITY
(unaudited)
                                                             Three months ended                  Nine months ended
                                                             September 30,     September 30,     September 30,     September 30,
(dollars in thousands, except ratios and per share amounts)  2009              2008              2009              2008
PER COMMON SHARE
Net income - basic (1)                                       $    0.37         $    0.30         $    0.79         $    0.99
Net income - diluted (1)                                     $    0.37         $    0.29         $    0.78         $    0.98
Average shares outstanding - basic                                40,604            30,837            37,527            30,109
Average shares outstanding - diluted                              41,013            31,249            37,906            30,475
Book value                                                   $    19.05        $    16.14        $    19.05        $    16.14
SELECTED FINANCIAL DATA
Return on average total assets                                    0.72   %          0.56   %          0.72   %          0.65   %
Return on average shareholders' equity                            7.97   %          7.36   %          7.59   %          8.04   %
Return on average common shareholders' equity                     7.97   %          7.36   %          5.80   %          8.04   %
Efficiency ratio (2)                                              50.80  %          60.89  %          52.66  %          57.63  %
Efficiency ratio excluding write-down for other than              50.38  %          53.03  %          52.46  %          54.36  %
temporary impairment of securities (2)
Yield on interest-earning assets                                  4.96   %          5.32   %          5.06   %          5.34   %
Yield on interest-earning assets, tax-equivalent basis (3)        4.96   %          5.32   %          5.06   %          5.35   %
Cost of deposits and borrowings                                   1.67   %          2.12   %          1.78   %          2.26   %
Net interest margin                                               3.39   %          3.25   %          3.38   %          3.14   %
Net interest margin, tax-equivalent basis (3)                     3.39   %          3.26   %          3.38   %          3.15   %
(1) For the nine months ended September 30, 2009, includes the
negative effect of the $10.2 million deemed dividend associated
with the difference between the redemption payment and the
carrying value of the preferred stock repurchased from the U.S.
Treasury.
(2) The efficiency ratio is calculated by dividing non-interest
expense by the sum of net interest income before provision for
loan losses and other non-interest income.
(3) Presented using a 35 percent federal tax rate.
                                                             September 30,     June 30,          December 31,      September 30,
                                                             2009              2009              2008              2008
CAPITAL RATIOS
Tangible common equity (4)                                        9.00   %          9.34   %          8.19   %          8.48   %
Tier one leverage                                                 9.80   %          10.65  %          10.61  %          9.64   %
Tier one risk-based                                               14.46  %          15.26  %          17.00  %          15.35  %
Total risk-based                                                  15.34  %          16.11  %          17.83  %          16.11  %
ASSET QUALITY
Non-performing loans                                         $    51,246       $    47,884       $    31,885       $    30,824
Allowance for loan losses                                    $    49,701       $    44,430       $    36,987       $    30,973
Allowance for loan losses to non-performing loans                 96.99  %          92.79  %          116.00 %          100.48 %
Allowance for loan losses to total loans                          1.20   %          1.18   %          1.07   %          1.00   %
Non-performing loans to total loans                               1.24   %          1.27   %          0.92   %          1.00   %
Quarterly net charge-offs to average loans (annualized)           0.66   %          0.48   %          0.32   %          0.36   %
(4) We define tangible common equity as the ratio of tangible
common equity to adjusted tangible assets (the "TCE ratio") and
calculate this ratio by dividing total consolidated common
shareholders' equity by consolidated total assets. Tangible common
equity is considered to be a non-GAAP financial measure and should
be considered in addition to, not as a substitute for or superior
to, financial measures determined in accordance with GAAP. The TCE
ratio is a metric used by management to evaluate the adequacy of
our capital levels.

SIGNATURE BANK
NET INTEREST MARGIN ANALYSIS
(unaudited)
                                                                 Three months ended                       Three months ended
                                                                 September 30, 2009                       September 30, 2008
(dollars in thousands)                                           Average        Interest      Average     Average    Interest     Average
                                                                 Balance        Income/       Yield/      Balance    Income/      Yield/
                                                                                Expense       Rate                   Expense      Rate
INTEREST-EARNING ASSETS
Short-term investments                                           $   181,840    86            0.19   %    16,823     100          2.36   %
Investment securities                                                3,726,228  43,942        4.72   %    3,092,908  37,885       4.90   %
Commercial loans and commercial                                      3,608,823  50,198        5.52   %    2,576,421  37,440       5.78   %
mortgages (1)
Residential mortgages                                                180,204    2,432         5.40   %    179,112    2,537        5.67   %
Consumer loans                                                       168,515    2,847         6.70   %    126,662    2,701        8.48   %
Loans held for sale                                                  156,837    765           1.94   %    133,502    1,220        3.64   %
Total interest-earning assets                                        8,022,447  100,270       4.96   %    6,125,428  81,883       5.32   %
Non-interest-earning assets                                          322,890                              349,180
Total assets                                                     $   8,345,337                            6,474,608
INTEREST-BEARING LIABILITIES
Interest-bearing deposits
NOW accounts                                                         673,079    1,261         0.74   %    294,899    1,562        2.11   %
Money market accounts                                                3,324,355  15,465        1.85   %    2,622,601  15,272       2.32   %
Time deposits                                                        912,074    5,404         2.35   %    475,652    3,786        3.17   %
Non-interest-bearing deposits                                        1,699,671  -             -           1,401,115  -            -
Total deposits                                                       6,609,179  22,130        1.33   %    4,794,267  20,620       1.71   %
Borrowings                                                           908,685    9,494         4.15   %    1,178,201  11,135       3.76   %
Total deposits and borrowings                                        7,517,864  31,624        1.67   %    5,972,468  31,755       2.12   %
Other non-interest-bearing liabilities and shareholders' equity      827,473                              502,140
Total liabilities and shareholders' equity                       $   8,345,337                            6,474,608
OTHER DATA
Tax-equivalent basis
Net interest income / interest rate spread                                      68,646        3.29   %               50,128       3.20   %
Net interest margin                                                                           3.39   %                            3.26   %
Tax-equivalent adjustment / effect
Net interest income / interest rate spread                                      (32     )     -                      (30    )     (0.00  )%
Net interest margin                                                                           -                                   (0.01  )%
As reported
Net interest income / interest rate spread                                      68,614        3.29   %               50,098       3.20   %
Net interest margin                                                                           3.39   %                            3.25   %
Ratio of average interest-earning assets to average                                           106.71 %                            102.56 %
interest-bearing liabilities
(1) Includes interest income on certain tax-exempt assets presented
on a tax-equivalent basis using a 35 percent federal tax rate.

SIGNATURE BANK
NET INTEREST MARGIN ANALYSIS
(unaudited)
                                                                 Nine months ended                        Nine months ended
                                                                 September 30, 2009                       September 30, 2008
(dollars in thousands)                                           Average        Interest      Average     Average    Interest      Average
                                                                 Balance        Income/       Yield/      Balance    Income/       Yield/
                                                                                Expense       Rate                   Expense       Rate
INTEREST-EARNING ASSETS
Short-term investments                                           $   129,260    200           0.21   %    92,581     2,021         2.92   %
Investment securities                                                3,398,531  123,249       4.84   %    3,123,626  114,006       4.87   %
Commercial loans and commercial                                      3,379,712  138,671       5.49   %    2,170,481  96,318        5.93   %
mortgages (1)
Residential mortgages                                                179,512    7,414         5.51   %    176,271    7,538         5.70   %
Consumer loans                                                       158,409    8,009         6.76   %    120,735    8,451         9.35   %
Loans held for sale                                                  133,334    1,916         1.92   %    113,001    3,764         4.45   %
Total interest-earning assets                                        7,378,758  279,459       5.06   %    5,796,695  232,098       5.35   %
Non-interest-earning assets                                          327,622                              322,745
Total assets                                                     $   7,706,380                            6,119,440
INTEREST-BEARING LIABILITIES
Interest-bearing deposits
NOW accounts                                                         572,353    3,748         0.88   %    304,639    5,097         2.23   %
Money market accounts                                                2,988,316  43,725        1.96   %    2,619,541  50,718        2.59   %
Time deposits                                                        830,757    16,099        2.59   %    394,011    10,385        3.52   %
Non-interest-bearing deposits                                        1,599,520  -             -           1,367,529  -             -
Total deposits                                                       5,990,946  63,572        1.42   %    4,685,720  66,200        1.89   %
Borrowings                                                           958,726    29,126        4.06   %    957,720    29,248        4.08   %
Total deposits and borrowings                                        6,949,672  92,698        1.78   %    5,643,440  95,448        2.26   %
Other non-interest-bearing liabilities and shareholders' equity      756,708                              476,000
Total liabilities and shareholders' equity                       $   7,706,380                            6,119,440
OTHER DATA
Tax-equivalent basis
Net interest income / interest rate spread                                      186,761       3.28   %               136,650       3.09   %
Net interest margin                                                                           3.38   %                             3.15   %
Tax-equivalent adjustment / effect
Net interest income / interest rate spread                                      (99     )     -                      (281    )     (0.01  )%
Net interest margin                                                                           -                                    (0.01  )%
As reported
Net interest income / interest rate spread                                      186,662       3.28   %               136,369       3.08   %
Net interest margin                                                                           3.38   %                             3.14   %
Ratio of average interest-earning assets to average                                           106.17 %                             102.72 %
interest-bearing liabilities
(1) Includes interest income on certain tax-exempt assets presented
on a tax-equivalent basis using a 35 percent federal tax rate.

SOURCE: Signature Bank

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

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