First Vermont Bank, N.A.

Brattleboro, VT · Cert 14147

FDIC

Q4 2001

$714.5MAssets

$547.1MLoans

$587.8MDeposits

$60.5MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 1.62%, up 33 bps year over year; NIM at 4.94%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.47%.
Funding: loans stand at 93.07% of deposits as of Q4 2001.

Return on Assets (quarter, annualized)

1.62%+33 bps YoY

Net Interest Margin (quarter, annualized)

4.94%

Efficiency Ratio (quarter, annualized)

48.15%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	0.76%	1.29%	1.41%	1.29%	1.68%	2.33%	1.79%	1.62%	+33 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	27.36%	20.84%	18.88%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	4.35%	4.68%	4.71%	4.94%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	51.10%	40.71%	40.18%	48.15%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	2.01%	1.58%	1.51%	2.13%	n/a
Growth
Asset Growth (YoY)	13.59%	3.45%	0.15%	-1.93%	-2.76%	-6.49%	-3.64%	-5.70%	-377 bps
Loan Growth (YoY)	10.47%	-0.14%	2.41%	2.38%	-0.93%	-0.57%	-6.33%	-10.56%	-1,294 bps
Deposit Growth (YoY)	14.79%	0.76%	-5.38%	-5.23%	-6.90%	-5.28%	0.12%	5.76%	+1,099 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	0.23%	0.17%	0.33%	0.47%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	1.35%	1.18%	1.31%	1.34%	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	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	11.14%	10.99%	11.12%	10.93%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	8.58%	8.45%	8.72%	8.47%	n/a
Liquidity & Funding
Loans / Deposits	102.10%	101.95%	106.29%	110.05%	108.65%	107.02%	99.45%	93.07%	-1,698 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.02%	0.01%	0.01%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a