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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

6.59%Q3 ’057.26%Q3 ’067.39%Q3 ’07-5%-2%

Non-interest income vs. expense

2.28%Q3 ’052.48%Q3 ’062.91%Q3 ’07+13%+21%

Executive Summary

  • Earnings: ROA of 1.21%, down 44 bps year over year; NIM at 4.76%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Funding: loans stand at 107.49% of deposits as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

1.21%-44 bps YoY

Net Interest Margin (quarter, annualized)

4.76%-9 bps YoY

Efficiency Ratio (quarter, annualized)

57.81%+963 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.65%1.50%1.54%1.23%1.21%-44 bps
Return on Equity16.65%14.98%15.01%11.85%11.35%-530 bps
Net Interest Margin4.85%4.68%4.72%4.70%4.76%-9 bps
Efficiency Ratio48.18%46.02%49.45%60.87%57.81%+963 bps
Non-Interest Burden2.18%2.00%2.19%2.75%2.63%+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 / Loans-0.02%0.11%0.14%0.19%0.09%+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