Buffalo Telephone Employees

Buffalo, NY · Charter 24697

Q3 2003

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: Q3 2003, the quarter ended September 30, 2003, 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.

Buffalo, NY · Charter 24697

Q3 2003

$54.6MAssets

$10.1MLoans

$46.9MShares

$7.7MNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

0.82%

Net Interest Margin (YTD, annualized)

2.07%

Efficiency Ratio (YTD, annualized)

75.81%

Net Worth / Assets

14.01%

Year to date, annualized, through each quarter.

Metric	Q3 2003	YoY Δ	Trend
Earnings
Return on Assets	0.82%	n/a	n/a
Return on Equity	5.89%	n/a	n/a
Net Interest Margin	2.07%	n/a	n/a
Efficiency Ratio	75.81%	n/a	n/a
Growth
Asset Growth (YoY)	n/a	n/a	n/a
Loan Growth (YoY)	n/a	n/a	n/a
Share Growth (YoY)	n/a	n/a	n/a
Asset Quality
Delinquent Loans / Loans	4.43%	n/a	n/a
Net Charge-Offs / Loans	n/a	n/a	n/a
Allowance / Loans	2.94%	n/a	n/a
Capital
Risk-Based Capital	14.01%	n/a	n/a
Net Worth / Assets	14.01%	n/a	n/a
Liquidity & Funding
Loans / Shares	21.53%	n/a	n/a
Liquid Assets / Assets	52.22%	n/a	n/a