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Letter portraitLegal landscapeQuarterYTD

Wyoming County Bank

Warsaw, NY · Cert 13298

FDIC

Q3 2005

$731.0MAssets
$415.8MLoans
$655.6MDeposits
$49.5MEquity
Loan mix
82%RE $194.7M18%C&I $41.6M1%Consumer $1.3MQ3 2004Q3 2005
Deposit mix
83%Interest-bearing $543.9M17%Noninterest $111.7MQ3 2004Q3 2005

NIM

5.67%Q3 ’035.17%Q3 ’045.48%Q3 ’05-7%+3%

Non-interest income vs. expense

2.40%Q3 ’032.42%Q3 ’042.75%Q3 ’05+2%0%

Executive Summary

  • Earnings: ROA of 0.41%, down 82 bps year over year; NIM at 3.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.98%.
  • Funding: loans stand at 63.43% of deposits as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

0.41%-82 bps YoY

Net Interest Margin (YTD, annualized)

3.91%+13 bps YoY

Efficiency Ratio (YTD, annualized)

54.14%+223 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets1.24%1.00%1.17%-0.18%0.41%-82 bps
Return on Equity18.43%14.80%17.02%-2.63%6.08%-1,235 bps
Net Interest Margin3.78%3.85%3.93%3.76%3.91%+13 bps
Efficiency Ratio51.91%53.16%56.96%57.69%54.14%+223 bps
Non-Interest Burden1.58%1.68%1.91%1.86%1.58%0 bps
Growth
Asset Growth (YoY)5.85%-0.98%-1.35%-4.64%-3.76%-961 bps
Loan Growth (YoY)-1.02%-2.51%-3.10%-8.49%-20.36%-1,934 bps
Deposit Growth (YoY)9.05%-0.63%-0.57%-3.13%-2.69%-1,174 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.25%0.29%0.74%6.16%4.98%+474 bps
Allowance / Loans2.14%2.66%2.63%1.64%1.96%-19 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 Capital11.04%10.97%11.18%10.86%12.57%+152 bps
Equity / Assets7.04%7.02%6.68%6.61%6.77%-27 bps
Liquidity & Funding
Loans / Deposits77.50%78.85%73.18%73.81%63.43%-1,407 bps
Liquid Assets / Assets1.82%2.03%1.85%1.76%1.56%-27 bps
CRE / Total Capitaln/an/an/an/an/an/an/a