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BSB Bank & Trust Company

Binghamton, NY · Cert 15957

FDIC

Q2 2004

$2.2BAssets
$1.4BLoans
$1.6BDeposits
$180.1MEquity
Loan mix
83%RE $713.5M17%C&I $142.5M0%Consumer $3.3MQ2 2003Q2 2004
Deposit mix
89%Interest-bearing $1.4B11%Noninterest $0.2BQ2 2003Q2 2004

NIM

6.50%Q2 ’025.58%Q2 ’034.92%Q2 ’04-10%-12%

Non-interest income vs. expense

2.41%Q2 ’022.27%Q2 ’032.10%Q2 ’04+2%-10%

Executive Summary

  • Earnings: ROA of 1.00%, up 4 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Funding: loans stand at 89.97% of deposits as of Q2 2004.

Financial Results

Return on Assets (YTD, annualized)

1.00%+4 bps YoY

Net Interest Margin (YTD, annualized)

3.20%-42 bps YoY

Efficiency Ratio (YTD, annualized)

55.51%+168 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.96%0.97%1.01%0.95%1.00%+4 bps
Return on Equity12.27%12.31%12.85%11.79%12.35%+9 bps
Net Interest Margin3.62%3.50%3.47%3.27%3.20%-42 bps
Efficiency Ratio53.83%54.06%55.20%58.04%55.51%+168 bps
Non-Interest Burden1.68%1.63%1.66%1.65%1.52%-17 bps
Growth
Asset Growth (YoY)4.77%5.22%8.62%7.92%1.40%-337 bps
Loan Growth (YoY)8.54%11.57%7.40%1.85%-2.52%-1,106 bps
Deposit Growth (YoY)-1.91%1.19%8.57%8.14%3.38%+530 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.06%1.06%1.78%0.27%0.09%-97 bps
Allowance / Loans4.37%4.18%3.26%3.37%3.58%-79 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 Capital12.40%12.84%12.64%13.20%13.72%+133 bps
Equity / Assets7.79%7.83%7.91%8.25%8.24%+45 bps
Liquidity & Funding
Loans / Deposits95.41%97.52%90.37%89.35%89.97%-545 bps
Liquid Assets / Assets0.01%0.04%0.04%0.05%0.03%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a