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Bath National Bank

Bath, NY · Cert 6962

FDIC

Q3 2005

$461.5MAssets
$210.7MLoans
$346.2MDeposits
$79.2MEquity
Loan mix
86%RE $98.9M14%C&I $16.3M0%Consumer $0.4MQ3 2004Q3 2005
Deposit mix
84%Interest-bearing $291.4M16%Noninterest $54.8MQ3 2004Q3 2005

NIM

4.84%Q3 ’034.50%Q3 ’044.58%Q3 ’05+2%-6%

Non-interest income vs. expense

2.50%Q3 ’032.75%Q3 ’042.71%Q3 ’05+4%-15%

Executive Summary

  • Earnings: ROA of 0.49%, down 46 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.85%.
  • Funding: loans stand at 60.86% of deposits as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

0.49%-46 bps YoY

Net Interest Margin (YTD, annualized)

3.10%-20 bps YoY

Efficiency Ratio (YTD, annualized)

61.27%-142 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.95%0.88%0.65%0.01%0.49%-46 bps
Return on Equity5.81%5.36%3.92%0.04%2.94%-287 bps
Net Interest Margin3.30%3.20%3.14%3.08%3.10%-20 bps
Efficiency Ratio62.69%64.01%66.18%69.70%61.27%-142 bps
Non-Interest Burden1.78%1.80%1.90%2.01%1.51%-27 bps
Growth
Asset Growth (YoY)2.18%2.24%2.96%-0.53%-4.58%-675 bps
Loan Growth (YoY)-4.52%0.59%-1.91%-1.30%-11.35%-683 bps
Deposit Growth (YoY)1.61%3.18%3.96%-0.40%-5.91%-752 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.53%0.51%0.29%3.69%2.85%+232 bps
Allowance / Loans1.92%2.00%2.19%1.63%1.87%-5 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 Capital16.16%16.88%17.37%17.57%19.39%+323 bps
Equity / Assets16.26%16.71%16.30%17.01%17.15%+89 bps
Liquidity & Funding
Loans / Deposits64.60%67.21%64.02%67.34%60.86%-374 bps
Liquid Assets / Assets1.58%1.35%1.25%1.39%1.41%-17 bps
CRE / Total Capitaln/an/an/an/an/an/an/a