ES Bancshares, Inc.

Climate Impact & Sustainability Data (2018, 2021, 2022)

Opened two new banking centers in Brooklyn and Staten Island, contributing to over $100 million in growth.
Developed customized product offerings for local businesses.
Created a modern Business Loan Center with industry-leading technology.
Expanded office spaces to support team growth and foster an inclusive environment.

Maintaining minimum capital ratios required by debt covenants (Tier 1 Leverage and Tier 1 Risk Based capital ratios were below minimums at year-end 2018).

Requested and received a waiver of the capital ratio covenant from the correspondent bank.
Received additional notice that the correspondent bank would not demand payment until June 30, 2019 financial results were available.

Climate change disproportionately affects disadvantaged communities, exacerbating risks like flooding and heat waves and hindering recovery from natural disasters.
LMI communities face higher energy burdens and barriers to energy efficiency improvements, including lack of access to financing.

Providing financing for climate resiliency actions in LMI communities to mitigate climate change risks and revitalize these areas.

Relocated corporate headquarters to a new facility in Staten Island, NY, which received the Staten Island Chamber Building Award for Excellence in Interior Design.
Continued community engagement through sponsorships, charitable donations, and local events.
Launched Lion's Pride Leadership program for employee development.
Improved work flexibility, including remote work options and adjusted hours.
Increased pay for retail employees working weekends.
Supported various non-profit organizations through financial support, volunteer time, and resources.

Completed a core platform conversion to provide more innovative mobile and online banking solutions.

Sale of the Newburgh, NY Banking Center resulting in a $65 million deposit reduction.
Pressure on bank net interest margins due to interest rate changes.

Focus on generating core checking accounts to mitigate downward pressure on net interest margins.
Successfully grew deposits by $16 million despite the sale of the Newburgh Banking Center (approximately $81 million excluding the sale).