Pine Cone

Syracuse, NY · Charter 6630

Q4 1998

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: Q4 1998, the quarter ended December 31, 1998, 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.

Syracuse, NY · Charter 6630

Q4 1998

$5.3MAssets

$2.3MLoans

$4.2MShares

n/aNet Worth

Return on Assets (YTD, annualized)

3.05%+12 bps YoY

Net Interest Margin (YTD, annualized)

n/a

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q2 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	Q2 1998	Q4 1998	YoY Δ	Trend
Earnings
Return on Assets	3.40%	3.43%	2.35%	2.93%	0.72%	2.18%	3.19%	3.05%	+12 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Growth
Asset Growth (YoY)	n/a	n/a	-17.37%	-20.75%	-14.92%	-11.94%	-8.23%	-1.05%	+1,970 bps
Loan Growth (YoY)	n/a	n/a	-17.51%	-21.94%	-26.57%	-33.41%	-22.48%	-16.45%	+549 bps
Share Growth (YoY)	n/a	n/a	-21.06%	-24.26%	-15.63%	-13.52%	-8.89%	-1.51%	+2,275 bps
Asset Quality
Delinquent Loans / Loans	0.66%	1.32%	0.65%	0.13%	0.31%	0.47%	0.86%	0.44%	+32 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	0.60%	0.53%	0.53%	0.08%	0.37%	0.30%	0.40%	0.21%	+13 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Worth / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Shares	61.24%	65.71%	62.89%	63.68%	53.30%	50.60%	53.51%	54.02%	-966 bps
Liquid Assets / Assets	39.11%	36.01%	40.82%	40.26%	43.20%	41.20%	45.01%	48.04%	+778 bps