Watervliet Arsenal

Watervliet, NY · Charter 16023

Q2 2000

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2

Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2000, the quarter ended June 30, 2000, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Watervliet, NY · Charter 16023

Q2 2000

$32.3MAssets

$21.3MLoans

$27.2MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

1.07%-256 bps YoY

Net Interest Margin (YTD, annualized)

4.02%

Efficiency Ratio (YTD, annualized)

73.87%

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q2 1998	Q4 1998	Q2 1999	Q4 1999	Q2 2000	YoY Δ	Trend
Earnings
Return on Assets	3.63%	3.85%	3.48%	0.94%	1.07%	-256 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	4.03%	4.02%	n/a
Efficiency Ratio	n/a	n/a	n/a	76.19%	73.87%	n/a
Growth
Asset Growth (YoY)	9.62%	12.93%	11.34%	12.25%	9.96%	+33 bps
Loan Growth (YoY)	-3.82%	-4.27%	26.01%	48.96%	63.73%	+6,755 bps
Share Growth (YoY)	8.97%	6.42%	10.85%	5.70%	4.25%	-472 bps
Asset Quality
Delinquent Loans / Loans	1.15%	0.42%	0.24%	0.25%	0.12%	-103 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.52%	0.36%	0.41%	0.53%	0.40%	-11 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Worth / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Shares	49.84%	50.04%	61.38%	72.55%	78.28%	+2,844 bps
Liquid Assets / Assets	52.07%	52.12%	42.08%	32.90%	28.08%	-2,399 bps