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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

6.39%Q2 ’025.54%Q2 ’034.86%Q2 ’04-10%-11%

Non-interest income vs. expense

2.56%Q2 ’022.28%Q2 ’031.97%Q2 ’04-12%-18%

Executive Summary

  • Earnings: ROA of 1.05%, up 9 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.10%.
  • Funding: loans stand at 89.97% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

1.05%+9 bps YoY

Net Interest Margin (quarter, annualized)

3.15%-41 bps YoY

Efficiency Ratio (quarter, annualized)

52.91%-201 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.96%0.96%1.14%0.95%1.05%+9 bps
Return on Equity12.26%12.35%14.42%11.79%12.78%+52 bps
Net Interest Margin3.56%3.43%3.44%3.27%3.15%-41 bps
Efficiency Ratio54.92%54.53%58.71%58.04%52.91%-201 bps
Non-Interest Burden1.69%1.60%1.80%1.65%1.40%-30 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 / Loans1.76%1.12%3.91%0.27%-0.10%-186 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