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Letter portraitLegal landscapeQuarterYTD

Bank of Hanover and Trust Company

Hanover, PA · Cert 12986

FDIC

Q1 2007

$831.3MAssets
$549.5MLoans
$716.3MDeposits
$70.7MEquity
Loan mix
80%RE $359.5M19%C&I $85.6M0%Consumer $2.0MQ1 2006Q1 2007
Deposit mix
90%Interest-bearing $648.2M10%Noninterest $68.1MQ1 2006Q1 2007

NIM

5.15%Q1 ’055.78%Q1 ’066.17%Q1 ’07+5%-6%

Non-interest income vs. expense

2.90%Q1 ’052.82%Q1 ’062.67%Q1 ’07-7%-8%

Executive Summary

  • Earnings: ROA of 0.84%, down 4 bps year over year; NIM at 3.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Funding: loans stand at 76.71% of deposits as of Q1 2007.

Financial Results

Return on Assets (YTD, annualized)

0.84%-4 bps YoY

Net Interest Margin (YTD, annualized)

3.23%-22 bps YoY

Efficiency Ratio (YTD, annualized)

69.46%-45 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets0.88%0.89%0.86%0.87%0.84%-4 bps
Return on Equity10.69%10.84%10.53%10.49%9.87%-82 bps
Net Interest Margin3.45%3.37%3.40%3.27%3.23%-22 bps
Efficiency Ratio69.91%68.74%69.54%69.48%69.46%-45 bps
Non-Interest Burden2.23%2.14%2.18%2.09%2.05%-18 bps
Growth
Asset Growth (YoY)7.29%6.91%4.49%9.89%6.28%-101 bps
Loan Growth (YoY)5.68%4.72%7.71%8.77%5.74%+7 bps
Deposit Growth (YoY)9.81%9.65%7.23%14.13%9.54%-27 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.13%0.12%0.13%0.16%0.09%-4 bps
Allowance / Loans0.93%0.98%0.98%0.98%1.03%+10 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital12.74%12.84%12.76%12.93%13.20%+46 bps
Equity / Assets8.09%8.04%8.26%8.48%8.50%+41 bps
Liquidity & Funding
Loans / Deposits79.46%79.79%77.69%78.74%76.71%-276 bps
Liquid Assets / Assets0.10%0.10%0.04%0.13%0.08%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a