General Abrasive Employees

Lewiston, NY · Charter 21430

Q2 1998

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 1998, the quarter ended June 30, 1998, 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.

Lewiston, NY · Charter 21430

Q2 1998

$199KAssets

$136KLoans

$211KShares

n/aNet Worth

Return on Assets (YTD, annualized)

-53.72%-5,735 bps YoY

Net Interest Margin (YTD, annualized)

n/a

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1994	Q2 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	Q2 1998	YoY Δ	Trend
Earnings
Return on Assets	4.57%	4.11%	4.69%	3.63%	1.68%	-0.83%	-1.88%	-53.72%	-5,735 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Growth
Asset Growth (YoY)	n/a	n/a	n/a	-22.11%	-29.65%	-41.01%	-45.19%	-70.60%	-4,849 bps
Loan Growth (YoY)	n/a	n/a	n/a	-13.71%	-36.35%	-47.56%	-54.54%	-76.23%	-6,252 bps
Share Growth (YoY)	n/a	n/a	n/a	-26.14%	-33.43%	-44.99%	-48.60%	-62.46%	-3,632 bps
Asset Quality
Delinquent Loans / Loans	6.01%	5.07%	6.35%	11.22%	16.15%	29.98%	37.91%	13.39%	+217 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	1.07%	1.29%	1.50%	1.90%	5.63%	4.54%	3.95%	0.00%	-190 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	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	n/a	n/a	n/a
Liquidity & Funding
Loans / Shares	105.96%	96.75%	116.20%	101.94%	101.31%	92.24%	102.77%	64.56%	-3,739 bps
Liquid Assets / Assets	5.20%	11.51%	1.89%	13.81%	14.74%	17.54%	18.38%	10.36%	-345 bps