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Wilber National Bank

Oneonta, NY · Cert 7239

FDIC

Q1 2011

$895.0MAssets
$493.5MLoans
$742.5MDeposits
$73.3MEquity
Loan mix
72%RE $262.2M15%C&I $53.1M14%Consumer $49.6MQ1 2010Q1 2011
Deposit mix
91%Interest-bearing $673.6M9%Noninterest $68.9MQ1 2010Q1 2011

NIM

5.03%Q1 ’094.73%Q1 ’104.31%Q1 ’11+12%-11%

Non-interest income vs. expense

2.57%Q1 ’092.87%Q1 ’103.10%Q1 ’11+6%+1%

Executive Summary

  • Earnings: ROA of 0.37%, down 43 bps year over year; NIM at 3.11%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.53%.
  • Funding: loans stand at 66.47% of deposits as of Q1 2011.

Financial Results

Return on Assets (quarter, annualized)

0.37%-43 bps YoY

Net Interest Margin (quarter, annualized)

3.11%-38 bps YoY

Efficiency Ratio (quarter, annualized)

79.45%+912 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets0.80%0.54%11.10%10.73%0.37%-43 bps
Return on Equity10.23%6.74%13.16%8.53%4.49%-574 bps
Net Interest Margin3.49%3.37%3.34%3.22%3.11%-38 bps
Efficiency Ratio70.33%75.03%72.29%81.55%79.45%+912 bps
Non-Interest Burden2.29%2.41%2.24%2.49%2.31%+2 bps
Growth
Asset Growth (YoY)-1.31%-0.69%-1.03%-4.14%-4.56%-325 bps
Loan Growth (YoY)-3.84%-7.41%-9.40%-10.91%-14.58%-1,074 bps
Deposit Growth (YoY)-1.64%-0.72%-0.74%-5.00%-5.75%-411 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.39%0.49%0.55%0.61%0.53%+14 bps
Allowance / Loans1.53%1.78%1.86%1.84%1.96%+43 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 Capital13.12%13.73%14.31%14.48%15.28%+215 bps
Equity / Assets7.80%8.18%8.55%8.49%8.19%+38 bps
Liquidity & Funding
Loans / Deposits73.34%72.25%71.92%73.03%66.47%-687 bps
Liquid Assets / Assets9.64%12.87%10.77%9.49%11.99%+234 bps
CRE / Total Capitaln/an/an/an/an/an/an/a