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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

4.52%Q3 ’034.49%Q3 ’044.54%Q3 ’05+5%-9%

Non-interest income vs. expense

2.57%Q3 ’032.84%Q3 ’042.59%Q3 ’05+11%-78%

Executive Summary

  • Earnings: ROA of 1.49%, up 71 bps year over year; NIM at 3.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.47%.
  • Funding: loans stand at 60.86% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

1.49%+71 bps YoY

Net Interest Margin (quarter, annualized)

3.00%-28 bps YoY

Efficiency Ratio (quarter, annualized)

48.66%-1,680 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.78%0.66%0.65%-0.64%1.49%+71 bps
Return on Equity4.76%4.03%3.92%-3.85%8.73%+397 bps
Net Interest Margin3.28%3.15%3.14%3.00%3.00%-28 bps
Efficiency Ratio65.46%68.28%66.18%73.46%48.66%-1,680 bps
Non-Interest Burden1.90%2.00%1.90%2.10%0.42%-148 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 / Loans0.72%0.46%0.29%7.08%0.47%-25 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