State Bank of Chittenango

Chittenango, NY · Cert 12940

FDIC · 1 branch

Q3 2015

$226.4MAssets

n/aLoans

$200.7MDeposits

$21.9MEquity

Deposit mix

Market Position · Syracuse, NY · 2015 SOD (annual) · 1.7% share · #15 of 20 inst. · $0.2B of $12.0B

Executive Summary

Return on Assets (YTD, annualized)

1.56%+14 bps YoY

Net Interest Margin (YTD, annualized)

2.12%+11 bps YoY

Efficiency Ratio (YTD, annualized)

3.77%-35 bps YoY

Tier 1 Leverage Ratio

9.98%

Year to date, annualized, through each quarter.

Metric	Q4 2013	Q1 2014	Q2 2014	Q3 2014	Q4 2014	Q1 2015	Q2 2015	Q3 2015	YoY Δ	Trend
Earnings
Return on Assets	1.55%	1.34%	1.44%	1.43%	1.42%	1.56%	1.63%	1.56%	+14 bps
Return on Equity	15.03%	17.54%	18.44%	17.72%	17.07%	17.74%	18.44%	17.33%	-39 bps
Net Interest Margin	2.00%	1.94%	1.90%	2.01%	2.04%	2.31%	1.99%	2.12%	+11 bps
Efficiency Ratio	4.96%	4.07%	3.97%	4.13%	4.18%	3.53%	3.57%	3.77%	-35 bps
Non-Interest Burden	0.10%	0.08%	0.08%	0.08%	0.09%	0.08%	0.07%	0.08%	0 bps
Growth
Asset Growth (YoY)	40.05%	30.53%	40.58%	35.47%	7.67%	18.60%	13.21%	11.11%	-2,436 bps
Loan Growth (YoY)	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Deposit Growth (YoY)	37.44%	32.19%	56.39%	37.28%	17.27%	23.16%	14.78%	10.70%	-2,658 bps
Asset Quality
Nonperforming Loans / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	10.20%	8.99%	9.98%	n/a
Total Risk-Based Capital	46.50%	46.66%	49.30%	50.70%	55.73%	47.00%	51.45%	53.09%	+239 bps
Equity / Assets	7.69%	7.55%	8.18%	8.77%	9.42%	8.33%	8.81%	9.67%	+90 bps
Liquidity & Funding
Loans / Deposits	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Liquid Assets / Assets	54.57%	54.01%	52.83%	52.77%	52.68%	46.59%	47.02%	47.23%	-553 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a