Evergreen Bank, National Association

Glens Falls, NY · Cert 7073

FDIC

Q4 2001

$1.3BAssets

$875.1MLoans

$1.0BDeposits

$93.5MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 1.03%, up 27 bps year over year; NIM at 3.56%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.33%.
Funding: loans stand at 86.33% of deposits as of Q4 2001.

Return on Assets (YTD, annualized)

1.03%+27 bps YoY

Net Interest Margin (YTD, annualized)

3.56%

Efficiency Ratio (YTD, annualized)

60.13%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	0.57%	0.64%	0.76%	0.76%	1.19%	0.88%	0.98%	1.03%	+27 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	3.33%	3.39%	3.45%	3.56%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	65.21%	61.54%	58.79%	60.13%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	2.03%	1.92%	1.84%	1.97%	n/a
Growth
Asset Growth (YoY)	8.68%	13.86%	15.24%	6.93%	13.14%	7.87%	4.11%	-0.59%	-752 bps
Loan Growth (YoY)	10.89%	17.50%	15.18%	13.71%	10.58%	7.59%	6.20%	3.27%	-1,044 bps
Deposit Growth (YoY)	-0.58%	-0.17%	1.34%	2.22%	9.74%	8.80%	3.80%	2.42%	+20 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	0.21%	0.47%	0.38%	0.33%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	0.88%	1.00%	1.04%	1.02%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	10.23%	10.29%	10.52%	10.86%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	6.14%	6.23%	6.81%	7.42%	n/a
Liquidity & Funding
Loans / Deposits	78.18%	83.72%	81.72%	85.62%	78.78%	82.78%	83.62%	86.33%	+71 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a