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Community Bank and Trust Company

Wolfeboro, NH · Cert 33011

FDIC

Q3 2007

$398.7MAssets
$369.3MLoans
$343.6MDeposits
$43.8MEquity
Loan mix
94%RE $297.1M6%C&I $17.4M0%Consumer $0.2MQ3 2006Q3 2007
Deposit mix
88%Interest-bearing $303.6M12%Noninterest $40.1MQ3 2006Q3 2007

NIM

6.43%Q3 ’056.93%Q3 ’067.57%Q3 ’07-5%+2%

Non-interest income vs. expense

2.34%Q3 ’052.44%Q3 ’062.88%Q3 ’07+6%+21%

Executive Summary

  • Earnings: ROA of 1.33%, down 32 bps year over year; NIM at 4.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Funding: loans stand at 107.49% of deposits as of Q3 2007.

Financial Results

Return on Assets (YTD, annualized)

1.33%-32 bps YoY

Net Interest Margin (YTD, annualized)

4.86%+8 bps YoY

Efficiency Ratio (YTD, annualized)

55.99%+790 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.65%1.61%1.54%1.39%1.33%-32 bps
Return on Equity16.47%16.08%15.01%13.50%12.74%-373 bps
Net Interest Margin4.77%4.79%4.72%4.75%4.86%+8 bps
Efficiency Ratio48.10%47.59%49.45%55.12%55.99%+790 bps
Non-Interest Burden2.14%2.12%2.19%2.49%2.59%+45 bps
Growth
Asset Growth (YoY)-0.15%2.54%-0.66%-4.45%-8.25%-810 bps
Loan Growth (YoY)0.17%2.17%0.59%-4.98%-8.98%-914 bps
Deposit Growth (YoY)-3.40%2.33%3.72%2.91%-0.11%+329 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.06%0.14%0.17%0.15%+11 bps
Allowance / Loans1.47%1.51%1.50%1.51%1.55%+7 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 Capital12.42%12.79%13.03%13.29%13.87%+146 bps
Equity / Assets10.00%10.09%10.48%10.32%10.98%+98 bps
Liquidity & Funding
Loans / Deposits117.96%117.67%115.76%111.18%107.49%-1,047 bps
Liquid Assets / Assets0.03%0.03%0.04%0.04%0.04%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a