Vermont Grocers

Rutland, VT · Charter 61482

Q2 2001

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 2001, the quarter ended June 30, 2001, 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.

Rutland, VT · Charter 61482

Q2 2001

$2.5MAssets

$2.0MLoans

$2.3MShares

$185KNet Worth

Return on Assets (YTD, annualized)

0.66%-190 bps YoY

Net Interest Margin (YTD, annualized)

5.81%

Efficiency Ratio (YTD, annualized)

82.41%

Net Worth / Assets

7.56%

Year to date, annualized, through each quarter.

Metric	Q4 1997	Q2 1998	Q4 1998	Q2 1999	Q4 1999	Q2 2000	Q4 2000	Q2 2001	YoY Δ	Trend
Earnings
Return on Assets	3.97%	3.75%	4.17%	2.56%	-0.18%	-0.04%	0.13%	0.66%	-190 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	1.71%	8.72%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	5.37%	5.19%	5.79%	5.81%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	99.61%	94.30%	90.43%	82.41%	n/a
Growth
Asset Growth (YoY)	4.87%	-5.90%	0.28%	12.63%	8.19%	30.87%	18.44%	8.72%	-392 bps
Loan Growth (YoY)	1.94%	-3.45%	-10.15%	-5.41%	13.67%	24.96%	21.66%	14.50%	+1,990 bps
Share Growth (YoY)	2.76%	-8.99%	-0.68%	14.12%	4.67%	35.60%	20.49%	8.31%	-581 bps
Asset Quality
Delinquent Loans / Loans	1.41%	1.11%	1.76%	2.01%	1.20%	1.35%	1.19%	0.60%	-141 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	1.29%	1.62%	1.18%	1.05%	0.65%	0.63%	0.90%	0.69%	-36 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	7.62%	7.56%	n/a
Net Worth / Assets	n/a	n/a	n/a	n/a	n/a	n/a	7.62%	7.56%	n/a
Liquidity & Funding
Loans / Shares	95.13%	89.16%	90.16%	82.24%	103.32%	82.16%	91.04%	86.93%	+470 bps
Liquid Assets / Assets	8.93%	15.31%	16.62%	4.43%	4.28%	18.27%	14.36%	18.33%	+1,390 bps