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Oswego County Savings Bank

Oswego, NY · Cert 15978

FDIC

Q3 2006

$218.9MAssets
$150.4MLoans
$173.1MDeposits
$18.7MEquity
Loan mix
77%RE $72.7M20%C&I $19.0M3%Consumer $2.9MQ3 2005Q3 2006
Deposit mix
81%Interest-bearing $139.5M19%Noninterest $33.6MQ3 2005Q3 2006

NIM

4.73%Q3 ’045.06%Q3 ’055.79%Q3 ’06+3%+7%

Non-interest income vs. expense

3.43%Q3 ’043.79%Q3 ’053.86%Q3 ’06+7%+7%

Executive Summary

  • Earnings: ROA of -0.38%, down 110 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.12%.
  • Funding: loans stand at 86.91% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

-0.38%-110 bps YoY

Net Interest Margin (quarter, annualized)

3.61%+23 bps YoY

Efficiency Ratio (quarter, annualized)

79.24%-80 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.72%0.59%0.60%0.64%-0.38%-110 bps
Return on Equity8.88%7.40%7.29%7.84%-4.63%-1,350 bps
Net Interest Margin3.38%3.31%3.37%3.38%3.61%+23 bps
Efficiency Ratio80.05%83.53%79.88%79.36%79.24%-80 bps
Non-Interest Burden2.44%2.55%2.42%2.38%2.60%+16 bps
Growth
Asset Growth (YoY)5.19%3.07%1.91%5.60%-3.56%-876 bps
Loan Growth (YoY)13.88%10.83%13.82%8.84%2.23%-1,165 bps
Deposit Growth (YoY)9.01%13.77%9.00%6.57%-4.77%-1,377 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.41%0.31%0.15%0.24%2.12%+171 bps
Allowance / Loans0.93%0.92%0.95%0.96%0.99%+6 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 Capital12.92%13.07%13.58%13.40%13.36%+44 bps
Equity / Assets7.93%8.07%8.26%8.12%8.52%+60 bps
Liquidity & Funding
Loans / Deposits80.97%82.32%83.98%82.91%86.91%+594 bps
Liquid Assets / Assets6.02%3.52%3.99%4.36%2.40%-362 bps
CRE / Total Capitaln/an/an/an/an/an/an/a