Black River Valley Employees

Carthage, NY · Charter 6873

Q4 1997

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 1997, the quarter ended December 31, 1997, 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.

Carthage, NY · Charter 6873

Q4 1997

$2.2MAssets

$1.3MLoans

$1.9MShares

n/aNet Worth

Return on Assets (YTD, annualized)

5.84%-7 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 1994	Q4 1994	Q2 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	YoY Δ	Trend
Earnings
Return on Assets	1.51%	3.51%	5.58%	5.91%	5.25%	5.57%	5.63%	5.84%	-7 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	n/a	n/a	-5.33%	1.51%	8.30%	-0.60%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	-23.74%	-16.59%	-1.59%	3.94%	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	-10.83%	-4.33%	3.15%	-6.25%	n/a
Asset Quality
Delinquent Loans / Loans	3.79%	3.35%	3.78%	1.35%	2.71%	1.42%	1.37%	2.15%	+80 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	4.83%	6.59%	6.99%	8.69%	8.88%	7.44%	7.72%	8.56%	-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	69.57%	73.64%	72.43%	63.01%	59.50%	64.20%	69.09%	69.86%	+685 bps
Liquid Assets / Assets	10.92%	13.02%	23.56%	32.68%	24.63%	38.64%	39.38%	41.24%	+856 bps