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Lyndonville Savings Bank and Trust Company

Lyndonville, VT · Cert 14155

FDIC

Q4 2007

$148.7MAssets
$105.4MLoans
$120.3MDeposits
$12.7MEquity
Deposit mix
82%Interest-bearing $99.0M18%Noninterest $21.3MQ4 2006Q4 2007

NIM

5.47%Q4 ’055.79%Q4 ’066.24%Q4 ’07-6%-4%

Non-interest income vs. expense

3.44%Q4 ’053.63%Q4 ’064.88%Q4 ’07+10%+40%

Executive Summary

  • Earnings: ROA of -0.42%, down 107 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.36%.
  • Funding: loans stand at 87.60% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

-0.42%-107 bps YoY

Net Interest Margin (YTD, annualized)

3.60%-14 bps YoY

Efficiency Ratio (YTD, annualized)

114.81%+3,124 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.65%0.37%0.40%0.36%-0.42%-107 bps
Return on Equity7.11%4.08%4.45%3.97%-4.72%-1,183 bps
Net Interest Margin3.74%3.30%3.48%3.57%3.60%-14 bps
Efficiency Ratio83.57%93.91%90.72%90.79%114.81%+3,124 bps
Non-Interest Burden3.02%3.06%3.09%3.18%4.23%+121 bps
Growth
Asset Growth (YoY)8.90%6.19%4.46%1.03%-6.92%-1,582 bps
Loan Growth (YoY)19.22%19.87%6.81%9.63%-4.68%-2,390 bps
Deposit Growth (YoY)2.41%4.25%2.40%-1.95%-1.68%-409 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.02%0.32%0.21%0.36%+32 bps
Allowance / Loans1.01%0.96%0.85%0.86%0.75%-27 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 Capital13.96%13.71%13.82%13.73%12.94%-102 bps
Equity / Assets8.97%9.06%8.74%9.09%8.51%-46 bps
Liquidity & Funding
Loans / Deposits90.35%92.09%88.53%91.70%87.60%-275 bps
Liquid Assets / Assets0.20%0.19%0.22%0.25%0.27%+7 bps
CRE / Total Capitaln/an/an/an/an/an/an/a