Lyndonville Savings Bank and Trust Company

Lyndonville, VT · Cert 14155

FDIC

Q4 2007

$148.7MAssets

$105.4MLoans

$120.3MDeposits

$12.7MEquity

Deposit mix

NIM

Earnings: ROA of -2.83%, down 328 bps year over year; NIM at 3.52%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.77%.
Funding: loans stand at 87.60% of deposits as of Q4 2007.

Return on Assets (quarter, annualized)

-2.83%-328 bps YoY

Net Interest Margin (quarter, annualized)

3.52%-5 bps YoY

Efficiency Ratio (quarter, annualized)

191.18%+10,111 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 2006	Q1 2007	Q2 2007	Q3 2007	Q4 2007	YoY Δ	Trend
Earnings
Return on Assets	0.45%	0.37%	0.43%	0.27%	-2.83%	-328 bps
Return on Equity	4.95%	4.08%	4.81%	3.04%	-32.11%	-3,706 bps
Net Interest Margin	3.57%	3.30%	3.57%	3.71%	3.52%	-5 bps
Efficiency Ratio	90.06%	93.91%	87.74%	90.93%	191.18%	+10,111 bps
Non-Interest Burden	3.16%	3.06%	3.05%	3.31%	7.23%	+407 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 / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.10%	0.02%	0.61%	0.01%	0.77%	+68 bps
Allowance / Loans	1.01%	0.96%	0.85%	0.86%	0.75%	-27 bps
Allowance Coverage of NPLs	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
Total Risk-Based Capital	13.96%	13.71%	13.82%	13.73%	12.94%	-102 bps
Equity / Assets	8.97%	9.06%	8.74%	9.09%	8.51%	-46 bps
Liquidity & Funding
Loans / Deposits	90.35%	92.09%	88.53%	91.70%	87.60%	-275 bps
Liquid Assets / Assets	0.20%	0.19%	0.22%	0.25%	0.27%	+7 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a