Pyramis Global Advisors Trust Company

Merrimack, NH · Cert 58384

FDIC

Q1 2011

$83.7MAssets

n/aLoans

n/aDeposits

$50.1MEquity

Deposit mix

Executive Summary

Return on Assets (quarter, annualized)

-4.30%+5,440 bps YoY

Net Interest Margin (quarter, annualized)

0.00%+185 bps YoY

Efficiency Ratio (quarter, annualized)

101.34%-2,430 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q2 2009	Q3 2009	Q4 2009	Q1 2010	Q2 2010	Q3 2010	Q4 2010	Q1 2011	YoY Δ	Trend
Earnings
Return on Assets	-23.09%	-28.85%	-50.49%	-58.70%	-14.59%	-26.68%	-59.21%	-4.30%	+5,440 bps
Return on Equity	-81.86%	-104.36%	-137.79%	-172.84%	-41.49%	-69.64%	-119.15%	-6.78%	+16,607 bps
Net Interest Margin	-0.72%	-0.73%	-1.51%	-1.85%	-1.35%	-1.13%	-0.91%	0.00%	+185 bps
Efficiency Ratio	118.26%	116.12%	122.08%	125.64%	106.23%	110.67%	119.74%	101.34%	-2,430 bps
Non-Interest Burden	21.64%	24.18%	52.48%	64.22%	14.75%	26.29%	65.91%	4.26%	-5,995 bps
Growth
Asset Growth (YoY)	31.86%	-25.04%	-42.03%	-41.74%	-56.03%	-35.01%	-31.58%	-19.70%	+2,204 bps
Loan Growth (YoY)	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Deposit Growth (YoY)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-100.00%	-100.00%	-10,000 bps
Asset Quality
Nonperforming Loans / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
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	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	49.75%	60.89%	52.47%	40.63%	55.73%	48.28%	80.96%	75.08%	+3,445 bps
Equity / Assets	22.44%	35.74%	37.85%	29.83%	40.62%	35.88%	67.39%	59.88%	+3,005 bps
Liquidity & Funding
Loans / Deposits	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	n/a	n/a	n/a
Liquid Assets / Assets	0.00%	0.00%	0.46%	0.14%	0.00%	31.38%	0.00%	0.00%	-14 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a