Ohio Community Banking Financial Update

1st Quarter 2019

For more information contact: Dan Flaherty Pat Ahern Matt Veneri Principal Managing Director Co‐Head of Investment Investment Banking Fixed Income Banking (404) 601‐7225 (312) 461‐4344 (404) 601‐7222 [email protected] [email protected] [email protected]

RESEARCH | INVESTMENT BANKING | EQUITY SALES & TRADING | FIXED INCOME | CORPORATE & PRIVATE CLIENT SERVICES Banking Landscape

Ohio 2018 2018 Number of Deposits In Total Market Rank Insitution (ST) Branches Market ($000) Share(%) 1 U.S. Bancorp (MN) 273 59,745,182 17.63 2 Huntington Bancshares Incorporated (OH 484 53,826,176 15.88 3 Fifth Third Bancorp (OH) 324 47,700,426 14.07 4 PNC Financial Services Group, Inc. (PA) 323 30,378,937 8.96 5 JPMorgan Chase & Co. (NY) 260 29,327,729 8.65 6 KeyCorp (OH) 213 24,103,468 7.11 7 , Inc. (RI) 104 10,408,689 3.07 Northwest 8 Park National Corporation (OH) 108 6,126,119 1.81 9 TFS Financial Corporation (MHC) (OH) 21 6,118,397 1.80 10 First Financial Bancorp. (OH) 67 4,893,944 1.44 Northeast 11 Peoples Bancorp Inc. (OH) 58 2,524,964 0.74 12 New York Community Bancorp, Inc. (NY) 28 2,190,281 0.65 13 United Community Financial Corp. (OH) 35 2,157,001 0.64 14 First Defiance Financial Corp. (OH) 36 2,144,044 0.63 15 WesBanco, Inc. (WV) 59 2,056,799 0.61 16 Union Savings (OH) 28 2,035,871 0.60 17 Flagstar Bancorp, Inc. (MI) 1 2,034,967 0.60 Central 18 National Consumer Cooperative Bank (D 1 2,007,684 0.59 19 Dollar Bank, Federal Savings Bank (PA) 30 1,943,758 0.57 20 Farmers National Banc Corp. (OH) 36 1,638,513 0.48 21 First Mutual Holding Co. (OH) 20 1,516,002 0.45 22 First Commonwealth Financial Corporati 34 1,476,827 0.44 23 Chemical Financial Corporation (MI) 25 1,404,211 0.41 24 F.N.B. Corporation (PA) 31 1,391,669 0.41 25 LCNB Corp. (OH) 36 1,381,619 0.41 Southwest 26 Civista Bancshares, Inc. (OH) 28 1,171,649 0.35 Southeast 27 Ohio Farmers Insurance Company (OH) 7 1,039,165 0.31 28 Middlefield Banc Corp. (OH) 15 935,230 0.28 29 Northwest Bancshares, Inc. (PA) 22 896,770 0.26 30 Farmers & Merchants Bancorp, Inc. (OH) 20 861,409 0.25 31 Heartland BancCorp (OH) 18 847,730 0.25 32 Community Bancshares, Inc. (OH) 17 786,153 0.23 33 Signature Bancorp, Inc. (OH) 1 741,643 0.22 34 SB Financial Group, Inc. (OH) 19 738,942 0.22 35 Ohio Valley Banc Corp. (OH) 15 707,143 0.21 36 Croghan Bancshares, Inc. (OH) 17 689,573 0.20 37 United Bancshares, Inc. (OH) 19 643,917 0.19 38 Wells Fargo & Company (CA) 1 642,289 0.19 39 Merchants Bancorp, Incorporated (OH) 13 625,849 0.18 40 Waterford Bancorp, Inc. (OH) 2 597,725 0.18

Total For Institutions In Market 3,587 338,974,928

Source: S&P Global Market Intelligence 2 Market‐Based Pricing Data

3 Publicly Traded Ohio – (NYSE & )

Sorted By Market Capitalization Market Data Most Recent GAAP Financial Highlights

Price to: Deposit Div. Weekly Short Insider Institut. LTM Total Total Total TCE NPAs/ YTD YTD Mkt Cap Tg Bk MRQ EPS NTM EPS Prem Yield Volume Interest Own. Own. Return Assets Loans Deposits /TA Assets ROAA ROAE Ticker Institution City Exchange ($M) (%) (x) (x) (%) (%) (%) (%) (%) (%) (%) ($M) ($M) ($M) (%) (%) (%) (%)

FITB Fifth Third Bancorp NASDAQ $20,100 146.9 % 6.1 x 9.4 x 5.1 % 3.2 % 4.7 % 4.8 % 0.5 % 84.3 % ‐15.9 % $167,853 $110,534 $123,664 8.4 % 0.61 % 2.08% 18.19%

KEY KeyCorp NYSE 17,010 146.6 11.1 9.1 4.9 4.0 5.8 1.5 1.1 82.7 ‐13.9 141,515 91,072 108,175 8.4 0.54 1.15 10.37

HBAN Huntington Bancshares Inc. Columbus NASDAQ 13,939 175.6 10.4 9.8 7.3 4.2 5.6 1.8 2.0 78.0 ‐8.5 108,203 75,772 82,155 7.5 1.16 1.33 12.84

FFBC First Financial Bancorp. Cincinnati NASDAQ 2,372 195.7 12.8 11.0 11.4 3.7 1.8 2.3 2.3 76.6 ‐21.9 14,074 8,817 10,134 9.2 0.60 1.31 8.76

PRK Park National Corp. Newark NYSEAM 1,636 211.7 15.2 13.2 14.4 4.1 1.0 2.2 2.4 40.5 ‐10.1 7,852 5,741 6,325 9.4 1.19 1.30 12.14

PEBO Peoples Bancorp Inc. Marietta NASDAQ 640 168.3 11.0 10.9 8.4 4.2 1.0 0.2 9.3 55.1 ‐8.8 4,017 2,740 3,137 9.8 0.45 1.44 10.96

FDEF First Defiance Financial Defiance NASDAQ 567 193.3 12.6 12.1 10.2 2.6 1.3 0.3 3.9 65.1 ‐4.9 3,221 2,555 2,686 9.4 0.95 1.44 11.62

UCFC United Community Finl Corp. Youngstown NASDAQ 453 156.1 12.9 10.9 7.1 3.0 1.4 0.3 3.2 64.2 ‐8.8 2,852 2,314 2,290 10.3 0.86 1.22 10.99

FMNB Farmers National Banc Corp. Canfield NASDAQ 401 174.4 12.0 11.3 8.8 2.5 0.5 0.4 9.1 37.6 ‐6.8 2,356 1,746 1,954 9.9 0.52 1.43 12.53

CIVB Civista Bancshares Inc. Sandusky NASDAQ 357 163.5 10.0 11.2 7.9 1.9 1.2 0.8 4.2 54.9 ‐2.9 2,278 1,575 1,766 10.0 0.38 1.70 12.82

FMAO Farmers & Merchants Bancorp Archbold NASDAQ 339 206.3 26.5 16.4 14.6 2.0 0.5 2.1 10.1 16.0 ‐24.5 1,466 1,099 1,187 11.7 0.12 1.00 7.16

LCNB LCNB Corp. Lebanon NASDAQ 229 142.7 12.3 10.4 5.1 4.0 0.7 0.2 12.1 29.7 ‐5.5 1,632 1,207 1,348 10.2 0.69 1.13 8.36

OVBC Ohio Valley Banc Corp. Gallipolis NASDAQ 181 160.5 38.0 ‐‐ 7.9 2.2 0.8 1.6 7.2 24.8 ‐21.6 1,045 781 862 10.9 1.80 0.46 4.01

MBCN Middlefield Banc Corp. Middlefield NASDAQ 128 111.9 10.7 9.7 1.3 2.9 0.6 0.6 6.8 31.8 ‐21.4 1,281 1,006 1,040 9.0 1.12 1.00 9.23

SBFG SB Financial Group Inc Defiance NASDAQ 115 115.3 15.9 10.9 1.8 2.0 0.6 0.0 3.1 39.4 ‐2.4 1,021 787 828 9.9 0.42 0.89 6.76

UBOH United Bancshares Inc. Columbus Grove NASDAQ 72 131.8 10.1 ‐‐ 2.5 2.3 0.3 0.1 7.0 10.1 1.4 852 576 689 6.7 0.24 0.86 8.86

UBCP United Bancorp Inc. Martins Ferry NASDAQ 62 137.0 10.1 ‐‐ NA 4.8 0.3 0.1 7.1 12.2 ‐9.4 621 414 539 NA 0.27 1.08 12.00

CFBK Central Federal Corp. Worthington NASDAQ 56 117.0 8.1 ‐‐ 1.3 0.0 0.5 0.2 16.6 24.3 ‐5.8 720 600 632 6.6 0.71 1.00 14.57

EFBI Eagle Financial Bancorp Inc Cincinnati NASDAQ 24 93.2 NM ‐‐ ‐3.5 NA 0.3 0.0 19.9 20.3 1.2 137 117 106 20.4 0.48 0.24 1.16

Avg. 3,088 155.2 13.7 11.2 6.5 3.0 1.5 1.0 6.7 44.6 ‐10.0 24,368 16,287 18,396 9.9 0.69 1.16 10.18 Market Pricing Date 20‐May‐19 Median 357 156.1 11.5 10.9 7.2 2.9 0.8 0.4 6.8 39.4 ‐8.8 2,278 1,575 1,766 9.6 0.60 1.15 10.96 Partial MHC Conversions

TFSL TFS Financial Corp (MHC) Cleveland NASDAQ 4,737 279.1 61.4 60.4 34.5 5.8 0.3 0.9 83.0 11.9 19.5 14,207 12,926 8,733 12.2 1.29 0.57 4.58

Source: S&P Global Market Intelligence, GAAP‐based financials as the most recently reported quarter (Please note that not all OTC listed companies are SEC filers and certain holding company financials may not be as of the most recent calendar quarter – please refer to bank level data on the following pages for most up to date information) 4 OTC Listed – Ohio Banks

Sorted By Market Capitalization Market Data Most Recent GAAP Financial Highlights

Price to: Deposit Div. Weekly Insider Institut. LTM Total Total Total TCE NPAs/ YTD YTD Mkt Cap Tg Bk MRQ EPS Prem. Yield Volume Own. Own. Return Assets Loans Deposits /TA Assets ROAA ROAE Ticker Institution City Exchange ($M) (%) (x) (%) (%) (%) (%) (%) (%) ($M) ($M) ($M) (%) (%) (%) (%) HLAN Heartland BancCorp Whitehall OTCQB $160 137.3% 13.7x 4.9 % 2.6 % 0.1 % 32.9 % 7.9 % ‐9.5 % $1,064 $830 $895 11.0 % 0.22 % 1.12 % 10.17 % CHBH Croghan Bancshares Inc. Fremont OTCQX 123 129.9 11.2 4.1 3.3 0.2 6.0 0.6 4.1 834 612 690 11.7 0.48 1.32 9.38 CSBB CSB Bancorp Inc. Millersburg OTC Pink 109 147.1 10.7 5.7 2.6 0.1 4.9 1.2 7.9 735 548 607 10.1 0.54 1.39 13.02 KLIB Killbuck Bancshares Inc. Killbuck OTC Pink 103 ‐‐ ‐‐ 9.9 1.9 0.0 9.0 ‐‐ 18.0 522 364 438 11.5 0.01 1.40 12.73 PFOH Perpetual Federal Savings Bank Urbana OTC Pink 74 99.3 11.4 ‐0.2 3.2 0.2 0.0 1.7 7.1 392 352 302 19.0 0.55 1.63 8.67 WAYN Wayne Savings Bancshares Wooster OTCQX 55 123.7 8.8 2.7 3.3 0.2 2.3 3.0 9.7 478 386 392 9.4 NA 1.32 13.75 FFDF FFD Financial Corp. Dover OTC Pink 53 142.4 8.6 4.4 3.0 0.1 ‐‐ 2.4 19.5 408 NM 354 9.1 0.21 1.58 17.32 CBKM Consumers Bancorp Inc. Minerva OTCQX 52 106.1 12.5 0.7 2.7 0.4 27.3 12.5 ‐17.0 528 348 459 9.3 0.40 1.19 13.36 ANDC Andover Bancorp Inc. Andover OTC Pink 50 143.3 13.3 4.7 3.5 0.1 1.5 12.4 ‐10.0 396 205 327 9.0 0.38 0.95 10.05 HLFN Home Loan Financial Corp. Coshocton OTC Pink 49 170.8 14.9 11.9 3.1 0.0 ‐‐ ‐‐ 31.1 216 NM 171 13.3 NA 1.73 12.94 HCKG Hocking Valley Bcshs Inc. Athens OTC Pink 33 ‐‐ ‐‐ NA 0.2 0.0 ‐‐ ‐‐ 5.4 265 176 227 NA NA NA NA FSDK First Citizens National Bank Upper Sandusky OTC Pink 28 70.9 18.1 ‐5.2 2.5 0.0 ‐‐ 0.2 0.1 284 182 222 14.0 1.53 0.67 4.75 CBCZ Comunibanc Corp. Napoleon OTC Pink 25 97.1 20.0 ‐0.3 2.6 0.1 7.3 ‐‐ 1.6 281 126 230 9.2 2.13 0.51 5.77 FIDS FNB Inc. Dennison OTC Pink 22 ‐‐ ‐‐ NA 4.8 0.0 20.1 ‐‐ 1.9 229 140 203 NA NANANA FIBH First Bancshares Inc. Bellevue OTC Pink 22 115.1 11.3 1.4 2.8 0.1 6.8 0.2 0.2 237 NM 205 8.0 NA 0.84 10.02 FMOO F&M Bancorp Miamisburg OTC Pink 22 ‐‐ ‐‐ NA 1.5 0.0 2.9 ‐‐ 23.7 159 116 128 NA NA NA NA PPSF Peoples‐Sidney Financial Corp. Sidney OTC Pink 15 100.3 17.5 0.0 2.6 0.4 ‐‐ 0.0 26.0 112 82 94 13.3 0.72 0.83 6.25 EBSH Empire Bancshares Inc. Hicksville OTC Pink 15 100.6 15.1 ‐0.2 1.6 0.4 30.3 ‐‐ 1.7 113 65 96 13.1 1.51 0.84 6.61 CIBN Community Investors Bancorp Bucyrus OTC Pink 14 102.9 23.6 0.4 2.0 0.2 5.7 ‐‐ 14.3 163 128 114 8.5 NA 0.65 7.35 MTFC Minster Financial Corp. Minster Grey Mkt 14 ‐‐ ‐‐ NA 3.8 0.1 56.1 ‐‐ 13.8 490 242 427 NA NA NA NA PDRB Pandora Bancshares Inc. Pandora Grey Mkt 13 90.1 8.9 ‐1.0 2.5 0.0 17.2 ‐‐ 11.0 179 118 158 8.1 1.37 0.70 8.33 FNFI First Niles Financial Inc. Niles OTC Pink 9 71.3 24.2 ‐6.2 2.6 0.1 39.6 ‐‐ ‐19.1 100 45 58 12.3 NA 0.37 3.05 VERF Versailles Financial Corp Versailles OTC Pink 8 68.4 16.9 ‐10.7 4.3 0.0 ‐‐ ‐‐ ‐0.5 55 44 39 21.5 NA 0.85 3.95 SDGB SSNB Inc Lancaster OTC Pink 6 ‐‐ ‐‐ NA 1.3 0.0 ‐‐ ‐‐ 11.7 105 81 83 NA NA NA NA CCSB Community Savings Bancorp Inc. Caldwell OTC Pink 5 71.5 NM ‐5.6 ‐‐ 0.4 10.2 ‐‐ ‐3.5 52 36 42 14.7 1.53 ‐0.32 ‐2.01

Avg. 43 109.9 14.5 1.1 2.7 0.1 15.6 3.8 6.0 336 238 278 11.8 0.83 0.98 8.77 Market Pricing Date 20‐May‐19 Median 25 102.9 13.5 0.5 2.6 0.1 8.1 1.7 5.4 265 158 222 11.3 0.54 0.90 9.03 Partial MHC Conversions CNNB Cincinnati Bancorp (MHC) Cincinnati OTC Pink 25 109.3 NM 1.5 ‐‐ 0.1 64.6 ‐‐ 14.2 205 181 141 11.1 1.15 ‐0.02 ‐0.14 GVFF Greenville Federal Finl (MHC) Greenville OTC Pink 23 108.1 22.5 0.5 2.6 0.1 60.6 ‐‐ 20.4 181 158 149 12.0 NA 0.47 3.95

Source: S&P Global Market Intelligence, GAAP‐based financials as the most recently reported quarter (Please note that not all OTC listed companies are SEC filers and certain holding company financials may not be as of the most recent calendar quarter – please refer to bank level data on the following pages for most up to date information) 5 Regulatory‐Based Financial Data – Stock Owned Banks

Note: Due to the changes on the small policy, bank holding companies under $3.0 billion in assets no longer report consolidated financials 6 Northeast Ohio ‐ Stock Banks

Sorted by Asset Size Financial Highlights Balance Sheet Highlights Capital Adequacy YTD Financial Performance Asset Quality Top Total Total Total Loans/ TCE Leverage Total RBC NPAs/ Reserves NCOs/ Level Assets Loans Deposits Deposits /TA Ratio Ratio ROAA ROAE N.I.M. Efficiency Assets /Loans Avg. Lns Institution City County Ticker ($M) ($M) ($M) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) Home Savings Bank Youngstown Mahoning UCFC $2,841 $2,315 $2,335 99.2 % 9.25 % 9.99 % 13.90 % 1.16 % 11.59 % 3.30 % 63.5 % 0.80 % 0.88 % 0.01 % Farmers Natl Bk of Canfield Canfield Mahoning FMNB 2,336 1,746 1,959 89.1 9.43 9.45 12.42 1.38 12.85 3.64 57.1 0.37 0.79 0.08 Westfield Bank FSB Westfield Center Medina ‐‐ 1,541 1,169 1,286 90.9 9.66 10.28 13.70 0.99 8.85 3.31 64.2 0.88 0.90 0.03 Middlefield Banking Co. Middlefield Geauga MBCN 1,280 1,006 1,042 96.5 9.05 9.65 11.79 1.20 11.00 3.61 59.9 1.05 0.72 0.18 Commercial & SB of Millersburg Millersburg Holmes CSBB 735 548 609 90.0 10.00 10.16 14.76 1.43 13.69 4.07 56.7 0.57 1.15 ‐0.07 Cortland Savings & Banking Co. Cortland Trumbull CLDB 682 485 572 84.7 9.45 9.57 13.14 1.28 14.09 3.83 61.4 1.23 0.90 0.03 Mechanics Bank Mansfield Richland ‐‐ 540 442 487 90.8 8.00 8.26 16.47 0.81 10.04 3.41 74.8 0.77 1.04 0.03 Killbuck Savings Bank Co. Killbuck Holmes KLIB 537 375 449 83.4 11.29 11.59 NA 1.27 10.96 3.94 60.7 0.08 0.96 0.00 Consumers National Bank Minerva Stark CBKM 527 348 459 75.8 8.99 9.11 13.08 0.82 9.19 3.47 74.0 0.41 1.05 0.02 Wayne Savings Community Bank Wooster Wayne WAYN 479 386 393 98.2 9.26 9.54 13.82 1.35 14.15 3.55 55.1 0.56 0.90 0.00 First Federal Community Bk NA Dover Tuscarawas FFDF 407 334 356 94.0 8.69 9.22 12.85 1.49 16.19 4.04 54.9 0.39 1.05 0.04 Andover Bank Andover Ashtabula ANDC 402 207 355 58.3 9.42 9.77 21.21 0.74 7.39 3.05 78.1 0.39 0.65 0.00 Portage Community Bank Ravenna Portage ‐‐ 342 249 284 87.6 11.82 12.01 17.83 0.83 7.03 3.40 73.6 0.53 1.19 0.02 Geauga SB Newbury Geauga ‐‐ 286 192 201 95.5 14.57 15.04 21.69 0.29 1.96 3.36 69.0 4.64 0.92 0.61 Farmers Savings Bank Spencer Medina ‐‐ 281 83 207 40.3 26.24 26.08 67.86 1.37 5.42 2.91 53.4 2.68 2.22 0.15 First National Bk of Dennison Dennison Tuscarawas FIDS 231 141 206 68.3 9.50 10.17 17.24 0.87 9.16 4.17 73.1 0.04 1.39 0.22 Home Loan SB Coshocton Coshocton HLFN 216 197 174 113.2 12.22 12.48 16.95 1.59 12.99 4.68 52.0 1.14 1.07 0.77 Hometown Bank Kent Portage ‐‐ 204 169 165 102.1 8.21 8.32 11.72 0.22 2.64 3.69 93.6 2.33 0.92 ‐0.01 Independence Bank Independence Cuyahoga ‐‐ 198 112 174 64.4 11.94 12.21 21.11 1.07 8.90 3.38 60.0 0.80 3.30 0.01 Buckeye Community Bank Lorain Lorain ‐‐ 169 135 145 93.5 12.60 12.70 17.55 1.18 9.48 4.25 66.3 0.39 1.52 ‐0.03 Apple Creek Banking Co. Apple Creek Wayne ‐‐ 139 104 123 84.4 8.14 8.45 12.47 0.94 11.55 4.44 71.9 0.02 0.67 0.00 Farmers State Bank West Salem Wayne ‐‐ 123 85 111 76.5 8.97 9.06 13.47 0.57 6.34 4.26 84.4 2.54 0.94 0.01 Home FS&LA of Niles Ohio Niles Trumbull FNFI 99 45 58 77.8 12.11 12.43 24.07 0.41 3.48 2.10 81.9 0.89 1.01 ‐0.50 SSB Community Bank Strasburg Tuscarawas ‐‐ 95 81 75 107.8 7.74 7.92 11.30 1.17 14.89 3.66 69.6 1.14 1.17 0.01 Bank of Magnolia Co. Magnolia Stark ‐‐ 83 37 73 51.1 11.44 11.29 23.57 1.05 9.30 3.54 67.2 0.28 1.48 ‐0.01 Peoples Natl Bk Mount Pleasant Mount Pleasant Jefferson ‐‐ 79 53 70 74.7 10.27 10.58 20.44 0.86 8.20 4.28 65.9 0.16 0.80 0.20 Baltic State Bank Baltic Tuscarawas ‐‐ 66 58 56 103.1 9.02 9.29 18.62 0.52 5.64 4.61 87.3 0.03 0.63 0.02 Pioneer Savings Bank Cleveland Cuyahoga ‐‐ 38 19 20 94.2 17.36 17.46 39.03 0.49 2.83 2.80 84.9 0.64 0.67 ‐0.12

Avg. 534 397 444 85.2 10.88 11.15 18.97 0.98 9.28 3.67 68.4 0.92 1.10 0.06 Financial Data as of: 3/31/2019 Med. 284 194 207 89.6 9.48 10.08 16.47 1.02 9.25 3.63 66.7 0.60 0.95 0.02

Source: S&P Global Market Intelligence 7 Northwest Ohio ‐ Stock Banks

Sorted by Asset Size Financial Highlights Balance Sheet Highlights Capital Adequacy YTD Financial Performance Asset Quality Top Total Total Total Loans/ TCE Leverage Total RBC NPAs/ Reserves NCOs/ Level Assets Loans Deposits Deposits /TA Ratio Ratio ROAA ROAE N.I.M. Efficiency Assets /Loans Avg. Lns Institution City County Ticker ($M) ($M) ($M) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) First Defiance Financial Defiance Defiance FDEF $3,221 $2,555 $2,689 95.0 % 9.40 % 10.75 % 12.73 % 1.44 % 11.62 % 3.93 % 62.6 % 0.84 % 1.10 % 0.06 % Civista Bancshares Inc. Sandusky Erie CIVB 2,278 1,575 1,766 89.2 9.96 11.64 16.48 1.70 12.62 4.32 57.9 0.40 0.88 ‐0.04 Farmers & Merchants State Bank Archbold Fulton FMAO 1,448 1,099 1,189 92.5 10.55 10.86 13.74 0.85 7.70 3.88 73.9 0.12 0.60 0.06 State B&TC Defiance Defiance SBFG 1,015 787 838 93.9 11.32 11.49 13.63 1.07 8.32 3.67 71.1 0.40 1.03 0.02 NA Toledo Lucas ‐‐ 908 775 809 95.9 10.64 10.55 12.41 1.36 13.08 3.62 51.5 0.11 1.13 ‐0.03 Union Bank Co. Columbus Grove Putnam UBOH 851 576 692 83.3 8.96 8.95 11.99 1.04 8.55 3.86 72.2 0.24 0.63 ‐0.01 Citizens Natl Bk of Bluffton Bluffton Allen ‐‐ 843 691 569 121.6 9.92 10.01 13.44 1.76 17.97 3.72 56.8 0.51 1.46 ‐0.01 Croghan Colonial Bank Fremont Sandusky CHBH 831 612 690 88.7 11.43 11.30 NA 1.23 8.96 4.12 64.9 0.47 0.92 0.03 Waterford Bank N.A. Toledo Lucas ‐‐ 748 597 665 89.9 10.56 10.81 13.08 1.43 13.55 3.81 58.4 0.00 1.17 0.00 Sutton Bank Attica Seneca ‐‐ 553 282 487 57.9 9.82 10.31 16.87 2.99 28.88 4.15 51.0 1.33 1.53 0.58 Peoples Bank Co. Coldwater Mercer ‐‐ 541 288 481 60.0 10.74 11.32 19.15 1.77 16.06 3.18 40.9 0.01 0.96 0.03 Old Fort Banking Co. Old Fort Seneca ‐‐ 540 334 487 68.7 7.86 8.46 13.84 1.75 22.49 3.57 55.4 0.24 1.20 0.04 Minster Bank Minster Auglaize MTFC 487 237 428 55.5 8.60 8.56 16.26 1.34 16.07 3.36 58.7 0.09 1.22 0.01 Genoa Banking Co. Genoa Ottawa ‐‐ 385 285 332 85.8 8.05 8.28 13.22 0.55 6.80 3.58 82.3 0.14 0.88 0.02 Liberty National Bank Ada Hardin LBSI 355 260 302 86.3 12.35 12.48 17.60 1.04 8.28 4.03 64.8 0.58 1.00 0.00 St. Henry Bank Saint Henry Mercer ‐‐ 297 206 237 87.1 15.29 15.56 21.99 2.36 15.60 3.89 41.2 0.20 1.15 0.00 First Citizens National Bank Upper Sandusky Wyandot FSDK 291 179 229 78.4 13.88 14.14 22.61 0.59 4.19 3.77 82.0 1.47 1.44 0.03 First NB in New Bremen New Bremen Auglaize ‐‐ 289 128 259 49.4 10.13 10.33 23.05 1.41 14.15 3.00 54.7 0.13 1.64 0.14 Henry County Bank Napoleon Henry CBCZ 287 125 238 52.6 9.53 9.57 19.42 0.52 5.56 2.93 81.2 1.00 1.06 0.14 First National Bk of Bellevue Bellevue Huron FIBH 237 187 205 91.0 9.91 10.36 12.00 0.98 9.65 4.03 70.9 1.92 1.09 0.00 First Bank of Ohio Tiffin Seneca ‐‐ 185 117 114 102.8 37.65 38.09 51.32 1.18 3.11 4.45 49.2 0.07 2.66 0.74 Fort Jennings State Bank Fort Jennings Putnam ‐‐ 180 151 157 96.1 11.14 11.28 15.44 1.02 8.87 4.52 64.6 0.74 1.70 0.12 First National Bank of Pandora Pandora Putnam PDRB 178 118 157 75.4 8.46 8.77 12.64 0.66 7.78 3.70 82.2 1.41 1.31 ‐0.02 First Fed Cmnty Bk of Bucyrus Bucyrus Crawford CIBN 163 128 114 112.2 8.43 8.89 13.66 0.39 4.48 3.93 87.8 1.29 1.12 0.00 First National Bk of Sycamore Sycamore Wyandot ‐‐ 151 81 120 67.3 9.88 10.57 17.93 0.64 6.06 3.07 77.7 0.25 1.24 ‐0.10 Hicksville Bank Hicksville Defiance EBSH 118 65 101 64.5 13.06 13.32 22.39 0.74 5.61 3.70 77.5 1.40 1.23 ‐0.01 Peoples FS&LA Sidney Shelby PPSF 113 83 95 87.6 13.17 13.28 25.71 0.73 5.52 3.80 79.2 0.54 1.28 ‐0.12 Antwerp Exchange Bank Co. Antwerp Paulding ‐‐ 109 84 94 89.5 10.72 10.84 14.51 0.51 4.79 3.75 84.4 1.46 0.98 0.00 Hamler State Bank Hamler Henry ‐‐ 83 57 68 83.3 15.49 15.74 22.80 0.95 6.09 3.26 71.0 0.02 0.90 0.00 Ottoville Bank Co. Ottoville Putnam ‐‐ 81 48 59 80.1 20.62 21.17 33.21 1.26 6.07 3.60 56.6 0.19 1.71 0.00 Metamora State Bank Metamora Fulton ‐‐ 74 53 64 83.7 9.71 9.86 15.20 0.46 4.84 3.73 87.2 1.33 0.86 ‐0.03 Sherwood State Bank Sherwood Defiance ‐‐ 69 49 57 85.0 10.72 11.09 16.94 0.30 2.82 4.18 89.7 2.85 1.03 ‐0.02 Corn City State Bank Deshler Henry ‐‐ 67 33 55 60.7 14.31 15.20 35.67 1.31 8.85 2.73 52.7 0.00 0.60 0.00 Edon State Bank Co. of Edon OH Edon Williams ‐‐ 61 19 49 37.6 18.64 18.99 48.32 0.97 5.26 2.52 63.6 0.00 1.47 0.00 Community First Bank NA Forest Hardin ‐‐ 55 32 49 64.1 9.71 10.05 19.52 0.28 2.88 3.32 89.5 0.00 0.56 0.00 Marblehead Bank Marblehead Ottawa ‐‐ 50 20 45 43.6 9.55 10.71 27.88 0.48 5.11 2.97 84.2 0.00 0.99 0.00 Republic Banking Co. Republic Seneca ‐‐ 48 41 39 104.6 15.24 15.40 23.16 1.84 12.16 4.05 50.0 3.33 1.21 ‐0.01 Resolute Bank Maumee Lucas ‐‐ 25 15 24 61.3 2.18 2.16 NA (11.14) (313.69) 3.58 165.2 7.65 2.82 13.70 Mt. Victory State Bank Mount Victory Hardin ‐‐ 18 6 16 39.6 10.41 11.23 25.60 0.46 4.31 3.29 83.7 0.00 1.56 0.00

Avg. 468 333 386 78.5 11.74 12.11 20.15 0.77 1.05 3.66 70.5 0.84 1.21 0.39 Financial Data as of: 3/31/2019 Med. 237 128 205 83.7 10.55 10.84 16.94 1.02 7.78 3.72 70.9 0.40 1.13 0.00 Source: S&P Global Market Intelligence 8 Central Ohio ‐ Stock Banks

Sorted by Asset Size Financial Highlights Balance Sheet Highlights Capital Adequacy YTD Financial Performance Asset Quality Top Total Total Total Loans/ TCE Leverage Total RBC NPAs/ Reserves NCOs/ Level Assets LoansDepositsDeposits /TA Ratio Ratio ROAA ROAE N.I.M.Efficiency Assets /Loans Avg. Lns Institution City County Ticker ($M) ($M) ($M) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%)

Park National Corp. Newark Licking PRK $7,852 $5,741 $6,325 90.8 % 9.38 % 9.99 % 14.08 % 1.30 % 12.14 % 3.80 % 63.0 % 1.13 % 0.93 % 0.05 %

Heartland BancCorp Whitehall Franklin HLAN 1,064 832 896 92.9 11.01 11.17 15.34 1.13 10.14 3.93 65.2 0.19 0.93 0.11

Richwood Banking Co Richwood Union ‐‐ 730 488 636 76.8 8.64 8.75 12.28 0.81 8.29 3.52 67.5 0.50 0.47 ‐0.01

CFBank NA Worthington Franklin CFBK 720 599 634 94.5 8.99 9.60 12.45 1.24 13.08 3.31 63.6 0.71 1.17 ‐0.01

Perpetual Federal Savings Bank Urbana Champaign PFOH 392 352 302 116.5 19.03 19.10 32.43 1.66 8.76 3.01 31.5 0.55 1.44 ‐0.03

Savings Bank Circleville Pickaway ‐‐ 351 206 309 66.7 11.08 11.30 21.08 0.58 5.36 3.10 81.0 0.95 1.01 0.08

Fahey Banking Co. Marion Marion FAHE 299 206 240 86.0 15.15 15.19 19.79 1.14 7.69 3.06 78.5 0.69 1.38 0.01

United Midwest SB N.A. De Graff Logan ‐‐ 296 194 263 73.7 9.72 9.38 15.67 2.01 19.73 5.09 67.0 2.76 1.96 1.14

Standing Stone Bank Lancaster Fairfield SDGB 104 78 83 94.5 8.30 8.39 12.51 0.70 8.64 3.71 79.3 0.27 0.95 0.13

Buckeye State Bank Powell Delaware ‐‐ 99 70 77 89.9 11.72 11.04 15.47 (3.43) (26.90) 0.74 383.3 0.23 1.61 0.48

Frst Central Natl Bk Saint Paris Champaign ‐‐ 96 49 78 62.5 17.06 17.55 29.06 0.78 4.59 3.07 70.9 0.07 0.97 0.00

First City Bank Columbus Franklin ‐‐ 65 56 58 96.6 11.40 11.23 16.67 0.60 5.33 3.63 83.4 0.00 1.41 0.00

Union Banking Co. West Mansfield Logan ‐‐ 56 5 39 12.4 12.75 11.44 40.78 1.29 10.64 2.80 53.6 0.47 1.08 0.00

Peoples Bank Gambier Knox ‐‐ 54 41 46 87.2 10.36 10.46 18.37 0.56 5.47 4.23 83.0 0.08 0.73 0.02

Union Banking Co. West Mansfield Logan ‐‐ 56 5 39 12.4 12.75 11.44 40.78 1.29 10.64 2.80 53.6 0.47 1.08 0.00

Avg. 816 595 668 76.9 11.82 11.74 21.12 0.78 6.91 3.32 88.3 0.60 1.14 0.13 Financial Data as of: 3/31/2019 Med. 296 194 240 87.2 11.08 11.17 16.67 1.13 8.64 3.31 67.5 0.47 1.08 0.01

Source: S&P Global Market Intelligence 9 Southeast Ohio ‐ Stock Banks

Sorted by Asset Size Financial Highlights Balance Sheet Highlights Capital Adequacy YTD Financial Performance Asset Quality Top Total Total Total Loans/ TCE Leverage Total RBC NPAs/ Reserves NCOs/ Level Assets Loans Deposits Deposits /TA Ratio Ratio ROAA ROAE N.I.M. Efficiency Assets /Loans Avg. Lns Institution City County Ticker ($M) ($M) ($M) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) Peoples Bancorp Inc. Marietta Washington PEBO $4,017 $2,740 $3,137 87.3 % 9.76 % 10.12 % 14.70 % 1.44 % 10.96 % 3.76 % 64.3 % 0.44 % 0.76 % ‐0.15 % Ohio Co. Gallipolis Gallia OVBC 1,030 770 867 88.8 10.63 10.91 16.27 0.29 2.53 4.32 74.7 1.73 0.98 0.56 Vinton County National Bank McArthur Vinton ‐‐ 982 735 863 85.1 10.71 11.24 16.61 0.79 6.69 3.66 74.7 0.38 0.81 0.09 Unified Bank Martins Ferry Belmont UBCP 619 414 540 76.6 8.53 8.43 11.61 1.39 15.64 3.71 58.5 0.27 0.50 0.05 Community Bank Zanesville Muskingum ‐‐ 465 342 402 85.2 8.76 9.30 14.90 1.12 11.81 4.13 67.5 1.43 1.70 ‐0.13 Kingston National Bank Kingston Ross ‐‐ 358 245 313 78.2 8.31 8.51 12.88 0.74 8.90 3.25 73.3 0.17 1.06 ‐0.01 Farmers Bank & Savings Co. Pomeroy Meigs ‐‐ 327 239 290 82.4 10.29 10.35 17.06 0.83 8.12 3.91 76.6 1.18 1.04 0.09 Hocking Valley Bank Athens Athens HCKG 283 177 247 71.6 9.95 10.43 18.03 0.79 7.73 3.53 73.8 0.23 1.33 0.20 Citizens Bank Co. Beverly Washington ‐‐ 224 158 181 87.3 12.85 12.99 19.25 1.23 9.37 4.34 61.3 0.11 2.22 0.01 North Valley Bank Zanesville Muskingum ‐‐ 218 149 187 79.5 10.02 10.40 15.21 0.52 5.01 3.91 86.8 0.37 1.05 ‐0.02 Citizens Bank of Logan Logan Hocking ‐‐ 203 181 182 99.3 9.72 9.51 13.51 1.08 11.21 4.16 69.3 2.25 0.86 0.11 Frst Natl Bk of McConnelsville McConnelsville Morgan ‐‐ 158 83 141 58.8 6.87 7.24 16.32 0.63 5.98 3.23 79.2 0.18 1.28 0.00 First National Bank of Waverly Waverly Pike ‐‐ 157 88 138 63.3 9.35 9.39 19.38 0.67 7.13 3.92 80.2 1.68 0.72 0.30 Citizens Natl Bk of Woodsfield Woodsfield Monroe ‐‐ 136 49 127 38.2 6.31 6.83 19.42 0.82 12.79 2.91 67.3 0.00 0.76 0.00 Peoples State Bank New Lexington Perry ‐‐ 127 100 114 87.9 9.42 9.61 14.95 0.77 7.68 4.46 77.7 0.84 0.89 0.02 Settlers Bank Marietta Washington ‐‐ 123 96 105 91.8 13.17 13.21 21.73 1.40 10.70 4.15 55.9 1.10 1.52 0.05 Farmers & Merchants Bank Caldwell Noble ‐‐ 112 79 96 82.3 13.98 14.25 24.73 1.07 7.64 5.01 66.1 3.21 1.07 0.13 Ctzns Natl Bk McConnelsville McConnelsville Morgan ‐‐ 97 66 73 89.5 11.53 12.15 24.32 1.21 10.09 3.83 64.8 0.13 1.11 0.02 Commodore Bank Somerset Perry ‐‐ 82 47 69 68.7 7.84 8.15 14.50 0.05 0.63 3.60 96.7 1.59 0.87 ‐0.01 Woodsfield SB Woodsfield Monroe ‐‐ 71 35 65 54.0 7.74 8.10 17.77 0.08 1.03 3.24 89.0 1.41 0.79 ‐0.12 Home National Bank Racine Meigs ‐‐ 64 46 54 86.2 13.39 13.28 21.52 1.19 8.94 5.37 72.0 4.30 1.46 0.98 Peoples SB New Matamoras Monroe ‐‐ 63 24 55 44.0 12.10 12.18 35.00 0.99 8.26 3.91 69.7 0.43 1.61 0.28 Community Savings Caldwell Noble CCSB 52 36 42 86.3 13.96 13.44 26.91 (0.13) (0.92) 3.88 106.3 1.53 0.66 0.16 Waterford Commercial & SB Waterford Washington ‐‐ 47 27 40 66.9 12.94 14.06 25.30 0.87 6.46 4.07 78.0 0.04 0.54 0.03 Rockhold Bank Bainbridge Ross ‐‐ 38 32 33 96.8 10.06 10.07 15.48 0.26 2.63 3.92 92.8 2.23 1.08 0.00 Nelsonville Home & SB Nelsonville Athens ‐‐ 30 21 27 79.4 11.95 11.93 27.28 0.60 5.08 3.61 72.1 0.27 1.04 0.00

Avg. 388 268 323 77.5 10.39 10.62 19.02 0.80 7.39 3.92 74.9 1.06 1.07 0.10 Financial Data as of: 3/31/2019 Med. 147 92 133 82.3 10.04 10.38 17.42 0.81 7.71 3.91 73.5 0.64 1.04 0.03

Source: S&P Global Market Intelligence 10 Southwest Ohio ‐ Stock Banks

Sorted by Asset Size Financial Highlights Balance Sheet Highlights Capital Adequacy YTD Financial Performance Asset Quality Top Total Total Total Loans/ TCE Leverage Total RBC NPAs/ Reserves NCOs/ Level Assets Loans Deposits Deposits /TA Ratio Ratio ROAA ROAE N.I.M. Efficiency Assets /Loans Avg. Lns Institution City County Ticker ($M) ($M) ($M) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) First Financial Bancorp. Cincinnati Hamilton FFBC $14,074 $8,817 $10,134 87.0 % 9.21 % 9.84 % 14.24 % 1.31 % 8.76 % 3.99 % 51.3 % 0.55 % 0.64 % 0.63 % Union SB Cincinnati Hamilton ‐‐ 2,742 2,292 2,371 96.6 11.37 10.30 17.14 1.78 15.68 2.90 53.0 0.76 1.27 ‐0.27 National Cooperative Bank N.A. Hillsboro Highland ‐‐ 2,639 1,895 2,246 84.4 10.73 11.28 15.22 0.67 5.96 3.16 80.2 0.85 0.84 ‐0.04 LCNB National Bank Lebanon Warren LCNB 1,630 1,207 1,349 89.5 9.98 10.09 13.10 1.14 8.55 3.61 64.6 0.69 0.34 ‐0.06 Guardian SB F.S.B. West Chester Butler ‐‐ 942 772 819 94.2 12.22 11.37 22.25 1.63 13.21 2.64 52.8 0.86 1.32 ‐0.01 Merchants National Bank Hillsboro Highland ‐‐ 742 613 646 94.9 9.82 10.20 14.07 1.17 11.79 3.91 62.4 0.67 1.03 0.11 North Side B&TC Cincinnati Hamilton ‐‐ 661 505 501 100.8 12.85 12.47 13.32 1.48 11.72 3.57 52.4 0.09 1.10 0.00 Liberty SB F.S.B. Wilmington Clinton ‐‐ 598 504 510 98.8 10.19 9.91 20.41 0.62 6.26 2.54 89.6 2.56 1.19 ‐0.41 Greenville National Bank Greenville Darke ‐‐ 471 350 387 90.6 10.27 10.62 15.58 1.27 12.24 3.70 59.5 0.59 1.18 0.35 First State Bank Winchester Adams ‐‐ 469 324 419 77.4 9.97 10.09 15.39 1.10 10.86 3.66 66.8 0.64 1.25 0.03 Osgood State Bank Osgood Darke ‐‐ 253 171 222 76.8 10.20 10.23 14.56 1.14 11.07 3.92 65.8 0.22 1.44 ‐0.04 CBank Cincinnati Hamilton ‐‐ 195 160 170 93.8 10.38 11.07 13.58 1.25 10.59 3.71 66.8 0.00 1.13 ‐0.12 1st National Bank Lebanon Warren ‐‐ 189 141 157 90.0 8.59 8.08 12.45 0.13 1.46 3.16 95.6 0.51 0.86 0.01 CenterBank Milford Clermont ‐‐ 188 169 153 110.0 10.51 10.99 13.16 1.50 13.80 4.56 62.7 0.01 1.34 ‐0.09 Farmers State Bank New Madison Darke ‐‐ 184 134 146 91.3 11.19 12.40 18.34 1.12 9.75 3.84 67.6 0.17 1.39 ‐0.02 Somerville Bank Somerville Butler ‐‐ 181 132 159 83.2 10.80 10.95 17.66 0.93 8.61 3.25 71.4 0.53 1.06 0.00 RiverHills Bank Milford Clermont ‐‐ 164 126 139 90.7 10.79 11.10 12.79 1.39 12.74 5.04 72.7 0.62 1.65 0.02 Farmers & Merchants Bank Miamisburg Montgomery FMOO 161 121 135 89.2 10.01 10.14 15.10 1.15 11.61 4.33 68.7 0.98 1.35 0.05 Eagle SB Cincinnati Hamilton EFBI 137 117 112 104.4 15.41 15.43 17.15 0.31 2.04 3.59 90.7 0.48 0.99 0.12 Natl Bk of Adams County West Union Adams ‐‐ 85 42 75 55.6 11.47 11.79 27.43 1.45 12.48 3.78 59.9 0.61 1.40 0.00 Spring Valley Bank Wyoming Hamilton ‐‐ 77 68 45 150.6 41.04 41.46 42.82 3.99 9.64 6.07 29.6 1.47 0.58 0.15 Twin Valley Bank West Alexandria Preble ‐‐ 72 49 61 81.5 10.32 10.57 14.83 0.58 5.54 3.91 83.8 1.38 0.59 0.06 First Natl Bk of Blanchester Blanchester Clinton ‐‐ 64 38 56 69.0 11.51 12.03 22.56 1.10 9.22 4.01 68.5 0.46 0.37 0.03 First Natl Bk of Germantown Germantown Montgomery ‐‐ 64 40 57 71.1 8.19 8.48 15.17 0.87 10.50 3.95 72.0 0.99 1.00 0.01 Versailles S&L Co. Versailles Darke VERF 55 44 40 109.9 20.26 20.38 35.15 1.00 4.92 3.76 65.1 0.00 0.59 0.00

Avg. 1,081 753 844 91.3 12.29 12.45 18.14 1.20 9.56 3.78 66.9 0.67 1.04 0.02 Financial Data as of: 3/31/2019 Med. 189 160 159 90.6 10.51 10.95 15.22 1.14 10.50 3.76 66.8 0.61 1.10 0.00

Source: S&P Global Market Intelligence 11 Regulatory‐Based Financial Data – Mutual Banks

12 Ohio – Mutual Banks

Sorted by Asset Size Financial Highlights Balance Sheet Highlights Capital Adequacy YTD Financial Performance Asset Quality Total Total Total Loans/ TCE Leverage Total RBC NPAs/ Reserves NCOs/ Assets LoansDepositsDeposits /TA Ratio Ratio ROAA ROAE N.I.M. Efficiency Assets /Loans Avg. Lns Institution City County ($M) ($M) ($M) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) TFS Financial Corp (MHC) Cleveland Cuyahoga $14,172 $12,926 $8,853 146.0 % 10.32 % 10.45 % 19.71 % 0.56 % 5.42 % 1.88 % 67.5 % 1.26 % 0.31 % ‐0.07 % First FS&LA of Lakewood Lakewood Cuyahoga 1,967 1,633 1,617 101.0 10.10 10.26 16.41 0.39 3.79 2.40 85.5 0.41 0.41 0.02 First FS&LA of Lorain Lorain Lorain 444 271 334 81.1 14.36 14.94 31.84 0.09 0.66 2.88 99.2 4.46 0.66 ‐0.05 Belmont SB Bellaire Belmont 382 95 293 32.5 17.68 18.05 64.30 0.78 4.48 3.04 70.4 0.42 1.73 ‐0.09 Fairfield FS&LA of Lancaster Lancaster Fairfield 264 232 229 101.1 11.22 11.42 23.51 0.51 4.50 3.35 82.0 0.73 0.31 0.00 First Federal Bank of Ohio Galion Crawford 240 103 193 53.4 15.30 15.60 34.24 0.61 4.00 3.19 80.6 0.76 0.77 0.01 Harrison Building & Loan Assn. Harrison Hamilton 225 126 176 71.7 15.61 15.37 28.22 0.83 5.37 3.67 71.8 1.35 0.78 0.00 First FS&LA of Newark Newark Licking 222 173 179 96.4 15.52 15.57 24.98 0.14 0.91 2.99 95.0 1.58 0.47 ‐0.01 Cincinnati Federal (MHC) Cincinnati Hamilton 205 181 143 126.1 10.80 11.27 16.37 0.07 0.63 2.96 97.5 1.14 0.78 0.00 Greenville Federal (MHC) Greenville Darke 183 160 153 104.5 10.98 11.15 15.91 0.19 1.74 3.27 93.6 0.06 0.58 0.00 First FS&LA of Delta Delta Fulton 162 85 141 60.4 12.70 12.76 34.29 0.38 2.99 3.57 81.7 0.48 0.41 0.00 Southern Hills Community Bank Leesburg Highland 156 113 129 87.4 15.56 15.72 25.69 0.08 0.51 4.52 94.2 2.76 0.83 0.13 Wilmington Savings Bank Wilmington Clinton 155 136 108 126.7 19.16 18.55 29.33 0.42 2.21 2.90 82.8 5.10 5.06 ‐0.09 Peoples S&L Co. Bucyrus Crawford 140 55 110 49.5 20.94 20.92 62.77 0.24 1.14 3.20 91.8 0.19 0.28 0.05 Citizens FS&LA Bellefontaine Logan 134 94 116 80.8 12.09 13.18 27.76 0.31 2.59 2.80 88.9 0.85 0.30 0.00 Mercer SB Celina Mercer 132 111 103 107.5 9.56 9.76 15.42 0.51 5.27 3.57 80.0 0.29 0.52 0.00 Home S&L Co. of Kenton Ohio Kenton Hardin 130 85 84 101.5 26.51 26.36 41.98 0.94 3.66 3.34 59.3 0.59 1.68 0.05 Miami SB Miamitown Hamilton 124 94 102 91.7 16.47 16.34 28.65 1.07 6.59 3.53 63.2 0.53 1.27 ‐0.01 New Carlisle Federal Svgs Bk New Carlisle Clark 122 106 87 121.5 9.83 9.97 14.00 0.59 5.97 3.68 81.5 0.33 1.02 0.02 Peoples SB Urbana Champaign 122 110 93 119.1 8.75 9.91 16.02 0.40 4.49 4.11 85.8 2.44 0.88 ‐0.02 Valley Central Bank Liberty Township Butler 114 103 71 144.5 24.43 24.51 36.89 0.21 0.83 3.53 93.4 0.26 0.89 0.00 Van Wert FSB Van Wert Van Wert 114 64 89 71.5 21.56 21.47 50.95 0.41 1.93 2.69 81.6 0.04 0.35 0.00 First FS&LA of Van Wert Van Wert Van Wert 111 54 87 62.7 20.62 20.68 49.74 0.68 3.33 3.13 76.7 0.00 0.30 ‐0.05 Fidelity FS&LA of Delaware Delaware Delaware 104 52 82 63.3 21.32 21.46 48.03 0.17 0.82 3.19 96.1 0.16 0.52 ‐0.02 Monroe FS&LA Tipp City Miami 96 71 82 86.0 12.24 12.26 18.97 0.19 1.58 3.34 92.9 0.84 0.74 ‐0.01 Cincinnatus S&L Co. Cincinnati Hamilton 93 75 63 118.8 23.04 23.05 36.67 0.58 2.52 3.88 82.6 2.72 0.82 ‐0.02 First Mutual Bank FSB Belpre Washington 91 41 76 53.7 8.06 8.39 19.65 0.22 1.72 3.71 85.6 1.59 0.25 0.60 Community SB Bethel Clermont 80 61 66 93.4 16.33 16.37 27.42 0.48 2.94 3.64 84.2 0.22 0.39 ‐0.03 Conneaut SB Conneaut Ashtabula 76 46 60 76.3 14.49 14.94 32.81 0.13 0.91 3.21 96.0 0.47 0.62 0.00 Peoples First SB Mason Warren 71 56 55 101.1 10.96 10.94 19.25 0.37 3.37 3.46 86.0 0.09 1.01 0.00 Covington S&L Association Covington Miami 70 38 59 65.1 15.59 15.87 43.15 0.81 5.14 3.29 70.8 0.13 0.53 0.00 Galion Building & Loan Bank Galion Crawford 61 44 54 81.2 11.99 12.02 26.53 0.16 1.37 3.35 94.1 1.10 0.43 ‐0.03 Warsaw FS&LA Cincinnati Hamilton 59 39 51 77.2 13.34 12.85 20.53 (1.15) (8.63) 2.78 131.4 1.61 1.32 0.00 Liberty Bank Ironton Lawrence 52 33 42 77.2 16.47 16.34 30.76 0.57 3.53 4.25 83.2 1.24 0.32 0.10 Peoples S&L Co. West Liberty Logan 50 41 40 102.1 14.61 14.68 25.60 0.35 2.42 3.56 88.1 0.00 1.87 ‐0.01 Brookville Building & Savings Brookville Montgomery 45 32 37 87.6 18.61 18.64 35.16 0.88 4.80 3.71 69.9 0.14 1.03 0.00 American SB Middletown Butler 43 32 35 92.5 18.21 18.26 28.23 (0.03) (0.15) 4.08 102.6 0.92 0.36 0.00 Home SB of Wapakoneta Wapakoneta Auglaize 37 28 31 91.3 13.60 13.38 23.76 0.29 2.18 3.62 88.7 0.00 0.64 0.00 First FS&LA of Centerburg Centerburg Knox 24 16 18 91.1 19.62 19.83 41.25 0.47 2.39 3.48 79.3 0.36 0.86 0.00 New Foundation SB Cincinnati Hamilton 19 15 13 118.3 11.47 11.95 19.79 (0.11) (0.94) 3.65 101.5 0.37 0.47 ‐0.26 Equitable S&L Co. Cadiz Harrison 13 8 6 137.1 20.78 20.71 45.62 0.19 0.89 3.32 94.2 0.00 0.60 0.00

Avg. 515 435 350 91.5 15.39 15.52 30.54 0.37 2.44 3.36 86.1 0.93 0.81 0.01 Financial Data as of: 3/31/2019 Med. 114 75 87 91.3 15.30 15.37 28.22 0.38 2.42 3.35 85.6 0.48 0.62 0.00 Source: S&P Global Market Intelligence 13 Regional Transactions

14 Historical Ohio M&A Transactions

Sorted By Date Announced Terms of the Transaction Target Financials Total Deal Purchase Price to Core Dep. Market Total NPA/ TCE/ LTM Announce Assets Considr Value Tg. Bk Erngs Assets Premium Premium Assets Assets TA ROAA Date Ticker Buyer Name ($M)St.Seller Name City St. Type ($M) (%) (%) (%) (%) (%) ($M) (%) (%) (%) 04/26/19 ‐‐ Pvt Invr ‐ Davis & Minnich ‐‐ OH Anchor Bancorp. Inc. Anchor IL ‐‐ ‐‐ ‐‐ % ‐‐ x ‐‐ % ‐‐ % ‐‐ % $15.0 0.00 % 12.43 % 0.70 % 02/01/19 ‐‐ Valley Central MHC 112.5 OH American SB Middletown OH ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ 42.5 1.15 18.40 0.05 12/20/18 ‐‐ Merchants Bancorp Inc. 711.1 OH Ctzns Independent Bncp Inc. Logan OH Cash 33.3 164.5 NM 16.7 10.1 64.1 199.1 NA 9.87 0.00 10/29/18 PEBO Peoples Bancorp Inc. 4,003.1 OH First Prestonsburg Bcshs Inc Prestonsburg KY Mix 34.0 197.4 14.3 11.4 8.1 ‐‐ 309.5 0.90 9.16 1.16 09/13/18 PRK Park National Corp. 7,462.2 OH CAB Financial Corp. Spartanburg SC Mix 143.5 182.6 28.0 19.6 13.6 54.3 730.7 0.58 10.18 0.70 08/20/18 FMAO Farmers & Merchants Bancorp 1,105.3 OH Limberlost Bancshares Inc. Geneva IN Mix 88.8 288.8 19.9 31.0 31.4 ‐‐ 286.7 0.20 10.75 2.13 07/25/18 ‐‐ Richwood Bancshares Inc. 513.4 OH Home City Financial Corp. Springfield OH Cash 31.7 153.0 20.9 19.1 16.3 24.8 165.7 0.45 12.05 0.91 06/26/18 ‐‐ Forcht Bancorp Inc. 1,057.3 KY MW Bancorp Inc Cincinnati OH Cash 28.0 166.5 NM 17.2 12.8 30.4 163.2 0.80 10.30 ‐0.35 06/14/18 UBCP United Bancorp Inc. 488.4 OH Powhatan Point Cmnty Bcshs Inc Powhatan Point OH Mix 6.8 132.9 24.5 11.6 3.4 ‐‐ 58.8 0.00 8.49 0.61 05/21/18 FITB Fifth Third Bancorp 141,500.0 OH MB Financial Inc. IL Mix 4,617.3 270.7 14.8 22.9 ‐‐ 24.2 20,167.5 0.50 8.81 1.54 04/18/18 CNNB Cincinnati Bancorp (MHC) 175.0 OH FS&LA Covington KY ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ 31.4 1.59 9.56 ‐0.02 03/12/18 CIVB Civista Bancshares Inc. 1,525.9 OH United Community Bancorp Lawrenceburg IN Mix 118.5 164.7 34.0 21.7 ‐‐ 34.5 546.2 0.39 12.75 0.61 02/27/18 ‐‐ Stark Bancshares Inc ‐‐ OH Farmers Financial Corp. Bolivar MO Cash ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ 62.9 3.27 16.98 0.36 01/23/18 PRK Park National Corp. 7,537.6 OH NewDominion Bank Charlotte NC Mix 76.6 235.3 NM 26.0 23.6 21.1 321.9 1.13 11.05 0.40 01/10/18 FCF First Commonwealth Financial 7,308.5 PA Garfield Acquisition Corp Cincinnati OH Mix 57.6 152.9 26.1 26.7 20.0 ‐‐ 216.1 0.65 18.04 1.31 12/21/17 LCNB LCNB Corp. 1,314.3 OH Columbus First Bancorp Inc. Worthington OH Stock 66.9 216.1 27.5 20.1 21.2 ‐‐ 333.4 0.12 9.68 0.82 10/24/17 PEBO Peoples Bancorp Inc. 3,525.1 OH ASB Financial Corp. Portsmouth OH Mix 38.8 148.5 14.8 13.3 7.3 3.3 292.6 NA 9.02 0.93 08/02/17 ‐‐ Southern Hills Community Bank 81.8 OH Adams County Building & Ln Co. West Union OH ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ 23.0 4.94 18.92 0.79 07/25/17 FFBC First Financial Bancorp. 8,710.0 OH MainSource Financial Group Greensburg IN Mix 1,005.6 266.4 22.4 24.9 ‐‐ 15.3 4,042.5 0.62 8.891.06 05/11/17 ‐‐ First MHC 1,679.6 OH Doolin Security SB FSB New Martinsville WV ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ 47.6 0.16 10.55 ‐0.63 03/22/17 UBOH United Bancshares Inc. 633.1 OH Benchmark Bancorp Inc. Gahanna OH Cash 29.5 185.6 5.8 22.3 18.6 ‐‐ 132.3 2.16 12.54 4.08 03/13/17 FMNB Farmers National Banc Corp. 1,966.1 OH Monitor Bancorp Inc. Big Prairie OH Mix 7.8 130.3 24.6 18.1 5.4 ‐‐ 43.2 0.63 13.43 0.67 01/25/17 FRME First Merchants Corp. 7,211.6 IN Arlington Bank Upper Arlington OH Stock 75.8 226.2 18.3 24.5 20.2 ‐‐ 309.0 0.48 10.84 1.39 10/03/16 FCF First Commonwealth Financial 6,666.5 PA DCB Financial Corp Lewis Center OH Mix 106.4 178.2 NM 18.8 ‐‐ 88.5 565.4 1.74 10.50 0.05 09/29/16 ‐‐ Southern Hills Community Bank 86.3 OH Ripley FSB Ripley OH ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ 67.1 7.16 10.24 ‐0.12 09/08/16 UCFC United Community Finl Corp. 2,080.5 OH Ohio Legacy Corp North Canton OH Mix 40.2 139.5 31.5 12.6 6.4 43.8 320.4 1.01 8.14 0.41 08/23/16 FDEF First Defiance Financial 2,409.6 OH Commercial Bancshares Inc. Upper Sandusky OH Mix 64.9 164.0 14.3 19.0 10.7 51.6 342.0 1.30 11.17 1.32 07/28/16 MBCN Middlefield Banc Corp. 760.1 OH Liberty Bank NA Beachwood OH Mix 40.6 148.5 19.6 19.0 8.1 ‐‐ 222.1 0.41 13.97 0.97 03/24/16 ‐‐ First State Bancorp Inc. 369.4 OH First Safety Bank Saint Bernard OH Cash 12.2 119.5 47.7 24.9 5.7 ‐‐ 49.0 0.90 20.81 0.79 02/29/16 ‐‐ United Bankers' Bancorp. Inc. 803.7 MN Bankers Bancshares Inc. Worthington OH Stock 11.0 82.3 4.2 11.6 ‐3.1 ‐‐ 94.6 0.45 13.36 2.61

Avg. 292.9 178.9 21.7 19.7 12.6 38.0 1006.7 1.20 12.03 0.84 Median 40.6 164.7 20.9 19.1 10.7 32.5 207.6 0.64 10.80 0.75

Source: S&P Global Market Intelligence 15 Historical Ohio Capital Offerings

($ Dollars in Thousands, except per share data) Offering Details Financial Highlights ‐ MRQ Common Equuity Offerings Gross Type Price to Price to Price to Market Amount of NPAs/ TCE/ Assets Completion Proceeds of Deal ATM Tg. Book PF Tg. BK PF EPS Discount PF Bank1 ROAA ROAE Assets TA Tkr Company Name Exchange ($000) Date ($000) ? ? (%) (%) (x) (%) (%) (%) (%) (%) (%)

1 HLAN Heartland BancCorp OTCQB 1,023,430 11/20/18 30,000 Private No 163.3 148.1 13.1 ‐10.1% 18.6 1.21 15.12 0.56 7.85

2 LBSI Liberty Bancshares, Inc. OTC Pink 329,687 10/01/18 13,000 Private No ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ 1.40 14.13 1.47 9.99

3 SBFG SB Financial Group, Inc. NASDAQ 876,627 02/09/18 30,000 Public No 135.6 127.5 7.7 0.0% 25.8 1.83 17.52 0.44 7.39

4 BKYT Buckeye State Bank OTC Pink 93,161 06/30/17 5,242 Private No ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐0.44 ‐6.48 0.36 8.11

5 MBCN Middlefield Banc Corp. NASDAQ 1,069,467 05/10/17 16,000 Private No 139.1 133.7 15.3 ‐14.0% 12.5 0.82 8.61 0.90 7.67

6 CIVB Civista Bancshares, Inc. NASDAQ 1,377,263 02/21/17 35,018 Public No 200.6 175.0 16.5 ‐1.8% 16.2 1.06 10.55 0.81 8.11

7 MBCN Middlefield Banc Corp. NASDAQ 732,882 06/30/16 11,907 Private No 105.0 106.5 10.6 4.2% 17.2 0.81 9.31 1.62 8.12

Average: 19,633 145.1 138.4 14.1 ‐3.9% 15.3 0.90 9.49 1.11 7.97 Median: 16,000 152.8 140.7 13.5 1.2% 16.7 0.93 9.93 1.22 8.11

($ Dollars in Thousands, except per share data) Offering Details Financial Highlight Debt Issuances Gross Interest Adjustable NPAs/ Lev Company Debt Completion Maturity Assets Proceeds Rate Rate ROAA ROAE Assets Ratio Company Name Tkr Type Date Term ‐ Years ($000) ($000) (%) (Yes/No) (%) (%)(%)(%)

1 United Bancorp, Inc. UBCP Subordinated Debt 05/14/19 10 621,008 20,000 6.00 Yes 1.08 12.00 0.27 8.43

2 Central Federal Corporation CFBK Subordinated Debt 12/20/18 10 606,379 10,000 7.00 Yes 0.74 9.85 0.58 9.42

3 First Mutual Holding Co. ‐‐ Subordinated Debt 02/09/18 10 1,883,808 10,000 5.50 Yes 0.53 5.12 0.61 10.20

4 First Financial Bancorp. FFBC Subordinated Debt 08/20/15 10 7,383,372 120,000 5.13 No 1.05 9.47 0.98 9.77

Average: 2,623,642 40,000 5.91 0.85 9.11 0.61 9.46 Median: 1,252,408 15,000 5.75 0.89 9.66 0.60 9.60

Source: S&P Global Market Intelligence 16 FIG Partners – Regional Highlights

17 Dan Flaherty, CFA – Northeast Investment Banking

Dan Flaherty, CFA Principal, Investment Banking

Direct (404) 601‐7225 Main (404) 601‐7200 Mobile (404) 991‐8724 [email protected]

May‐19 Acquisition of Mortgage World by PDL Community Bancorp (Bronx, NY)

Mar‐19 Acquisition of Grand Bank by First Bank (Hamilton, NJ) for $19.4M

Mr. Flaherty joined FIG Partners in September 2011 and has 14+ Feb‐19 Common Stock follow‐on of $20.0M FNCB Bancorp, Inc. (Dunmore, PA) years of experience in the community banking industry. Prior to Aug‐18 Private placement of $35.0M subordinated debt for HarborneOne Bancorp, Inc. (Brockton, MA)

joining FIG Partners, Mr. Flaherty worked in the investment Aug‐18 Sale of Highlands Bancorp, Inc. (Vernon, NJ) to Lakeland Bancorp, Inc. (Oak Ridge, NJ) banking divisions of Sterne Agee (Atlanta, GA) and the Carson Jun‐18 Private placement of $12.0M subordinated debt for Freedom Bancorp, Inc. (Maywood, NJ) Medlin Company (Tampa, FL), providing corporate finance and investment banking services to Southeast‐based community Jun‐18 Common stock offering of $40.0M for Studio Bank (Nashville, TN) financial institutions. Mr. Flaherty’s experience includes advising Mar‐18 Acquisition of Coastway Bancorp (Warwick, RI) by HarborOne Bancorp (Brockton, MA) for $125.6M community banks on strategic options, capital planning, sell‐side Feb‐18 Common Stock follow‐on of $30M by SB Financial (Defiance, OH) as sole book runner mergers, buy‐side mergers an d capital raising. Mr. Flaherty has participated in 63 M&A transactions, representing over $1.5 Dec‐17 Branch purchase of $23M by SAL (Lakeville, CT) from OCBI (Middletown, NY) billion in deal value and 42 capital offerings representing more Oct‐17 Acquisition of First Colebrook Bancorp (Colebrook, NH) by Bangor Bancorp for $45M

than $1.2 billion in his career. In April 2017, Mr. Flaherty became Jul‐17 Sale of Liberty Bell Bank (Marlton, NJ) to Delmar Bancorp (Salisbury, MD) one of eleven partners at FIG. Jun‐17 Common Stock follow‐on of $30M by Sussex Bancorp (Rockaway, NJ) as a co‐manager Mr. Flaherty received a B.A. in Economics from Tufts University, an M.B.A. in Accounting and Finance from the University of Tampa May‐17 Common Stock follow‐on of $40M by First Bank (Hamilton, NJ) as a co‐manager and is a CFA charterholder. Mr. Flaherty holds the Series 7, 24, 63 Apr‐17 Acquisition of State Bank by Trona Valley FCU (Green River, WY) for $5.7M

& 79 FINRA licenses. Mr. Flaherty, a New England native, grew up Jan‐17 Branch purchase of $31M by Salisbury Bancorp (Lakeville, CT) from ESBS (New Paltz, NY) in Fairfield, CT and is a graduate of Fairfield Prep. Dec‐16 Common stock offering of $8.5M for Highlands Bancorp, Inc. (Vernon, NJ)

Nov‐16 Common stock offering of $5.0M for First Colebrook Bancorp, Inc. (Colebrook, NH)

Oct‐16 Sale of Island Bancorp, Inc. (Edgartown, MA) to Independent Bancorp, Inc 18 A Robust Northeast Investment Banking Practice

Selected Recent Northeast Investment Banking Transactions

Agreed to Acquire Agreed to Acquire $35,000,000 Agreed to be $23,000,000 Acquired by Common Stock Subordinated Debt Offering Offering

Financial Advisor Financial Advisor Lead Manager Lead Placement Agent Financial Advisor May 2019 March 2019 February 2019 August 2018 August 2018

Agreed to Acquire Agreed to Agreed to Acquire $30,000,000 A Single Branch From $12,000,000 Acquire Subordinated Debt Common Stock Offering Offering

Sole Placement Agent Financial Advisor Sole Book‐runner Financial Advisor Financial Advisor June 2018 March 2018 February 2018 December 2017 October 2017

Agreed to Acquire $13,500,000 Agreed to be $30,000,000 $40,000,000 A Single Branch From Acquired by Subordinated Debt Common Stock Common Stock Offering Offering Offering

Sole Placement Agent Financial Advisor Co‐Manager Co‐Manager Financial Advisor September 2017 July 2017 June 2017 May 2017 January 2017

19 Regional Northeast Market Making

New England New York & New Jersey Ohio

Market Making Coverage Market Making Coverage Market Making Coverage Market Making Coverage Market Making Coverage Ticker State Ticker State Ticker State Ticker State Ticker State Ticker State Ticker State Ticker State BWFG CT BCBP NJ BDGE NY AMBK PA FSMK PA CBMI MI ANDC OH FBOO OH DRWB CT BPRN NJ CHMG NY APLO PA GNBF PA CBNC MI BKYT OH FFDF OH PBBI CT CLBK NJ EVBN NY BMTC PA HARL PA CBSU MI CBCZ OH FIBH OH SAL CT FCCY NJ FSBC NY BNCL PA HMLN PA CEFC MI CBKM OH FIDS OH SBTB CT FRBA NJ LSBK NY CCFN PA HONT PA CKFC MI CCSB OH FMOO OH SIFI CT ISBC NJ PBHC NY CCYY PA JNES PA CNBZ MI CHBH OH FNFI OH ABBB MA KRNY NJ PCSB NY CFCX PA JTNB PA COFS MI CIBN OH FSDK OH BHBK MA MSBF NJ PDLB NY CNAF PA JUVF PA CSHB MI CLDB OH GVFF OH BHLB MA NFBK NJ SBNY NY CTYP PA KISB PA CYFL MI CNNB OH HCKG OH BLMT MA OCFC NJ ADKT NY CUBI PA LDKB PA EFIN MI CNUN OH HLAN OH BPFH MA ORITNJBARKNY CVLY PA MANR PA EGDW MI CSBB OH HLFN OH CATC MA SBBX NJ BERK NY CZFS PA MCHT PA FETM MI CZID OH KLIB OH CNBKB MA SSFN NJ BKUT NY DIMC PA MIFF PA FNHM MI DMNB OH PFOH OH DMSQ MA TRCB NJ BKUTK NY DNBF PA MNBC PA GNRV MI EBSH OH PPSF OH EBSB MA ASCNNJBSPANY EFSG PA MNBP PA HCBN MI EFBI OH SDGB OH GABK MA BRBW NJ CNND NY EMYB PA MYBF PA HVLM MI FAHE OH VERF OH HONE MA CANJ NJ CSKL NY ENBP PA NEFB PA IBCP MI FDEF OH WAYN OH KTHN MA CFIC NJ CYHC NY ESSA PA NEFBP PA ISBA MI FFBC OH MELR MA CMRBNJDWNXNY FBIP PA NTBP PA KEFI MI FITB OH PLRM MA ELMA NJ EMPK NY FKYS PA NUBC PA MBWM MI FMAO OH PVBC MA FCOB NJ ESBS NY FLEW PA PPLL PA MCBC MI FMNB OH RNDB ME LPBC NJ FIGR NY FMFP PA QNBC PA NWBB MI MBCN OH UBNK ME NMBF NJ GLDT NY FNCB PA QNTO PA OXBC MI SBFG OH WNEB ME PEBA NJ GOVB NY FRAF PA SOME PA SBT MI TFSL OH GUAA NH SHRC NJ JFBC NY FRSB PA SQCF PA SOMC MI UBOH OH LFGP NH LYBC NY HVBC PA SSBP PA STBI MI NWYF NH NCXS NY MLVF PA TVNB PA UFCP MI PRMY NH NECB NY MPB PA UNPA PA UNIB MI CMTV VT NUBK NY NWBI PA VTYB PA WSSH MI MDVT VT OCBI NY PBIP PA WDFN PA PPAL VT PUNB NY RIVE PA WMPN PA SBHO NY STND PA YRKB PA SCAY NY SNNF NY SNNY NY SOBS NY VSBN NY 20 Rapidly Expanding Northeast Regional Research Coverage

Sorted By Market Cap Market Data Financial Highlights FIG Coverage

Price to: Deposit Div. Weekly Insider Institut. LTM Total YTD YTD Current Date Mkt Cap Tg Bk MRQ EPS NTM EPS Prem. Yield Volume Own. Own. Return Assets ROAA ROAE FIG Coverage Ticker Institution City State Exchange ($M) (%) (x) (x) (%) (%) (%) (%) (%) (%) ($M) (%) (%) Rating Initiated

FITB Fifth Third Bancorp Cincinnati OH NASDAQ $20,107.5 146.9 % 6.1 x 9.3 x 5.1 % 3.2 % 4.7 % 0.5 % 77.8 % ‐17.0 % $167,853.0 2.08 % 18.19 % M Winter 2018

SBNY Signature Bank New York NY NASDAQ 6,757.5 152.6 11.7 10.8 6.1 1.8 4.6 2.9 97.4 ‐3.2 48,546.5 1.20 12.86 O Fall 2017

PBCT People's United Financial Inc. Bridgeport CT NASDAQ 6,498.3 180.1 13.8 11.8 8.2 4.3 4.5 1.2 75.2 ‐7.0 48,091.9 0.96 6.99 O Winter 2018

NYCB New York Community Bancorp Westbury NY NYSE 5,140.8 138.9 14.5 13.6 4.6 6.2 6.1 3.7 67.3 ‐0.9 52,131.0 0.76 5.91 M Spring 2017

STL Sterling Bancorp Montebello NY NYSE 4,363.4 174.5 11.1 9.4 8.8 1.3 5.6 2.0 101.8 ‐13.2 29,956.6 1.32 9.19 O Fall 2016

FNB F.N.B. Corp. PA NYSE 3,731.0 167.4 10.3 9.7 6.2 4.1 3.9 1.1 76.6 ‐10.7 33,695.4 1.13 8.09 O Fall 2013

ISBC Investors Bancorp Inc Short Hills NJ NASDAQ 2,946.4 107.2 15.3 16.6 0.4 4.0 4.6 2.7 70.1 ‐15.5 26,545.6 0.73 6.45 M Fall 2013

CHFC Chemical Financial Corp. MI NASDAQ 2,985.8 172.0 12.0 9.7 7.8 3.3 3.2 1.1 82.8 ‐23.7 21,800.3 1.17 8.82 M Spring 2012

FFBC First Financial Bancorp. Cincinnati OH NASDAQ 2,402.2 198.2 13.0 10.8 11.7 3.6 1.8 2.3 75.1 ‐21.3 14,074.3 1.31 8.76 M Winter 2012

BHLB Berkshire Hills Bancorp Inc. Boston MA NYSE 1,347.3 138.1 14.7 11.1 3.9 3.1 3.4 16.1 76.1 ‐19.2 12,173.4 0.78 5.97 M Spring 2016

OCFC OceanFirst Financial Corp. Toms River NJ NASDAQ 1,248.1 172.1 14.7 11.0 8.2 2.8 1.8 2.4 72.0 ‐7.5 8,092.9 1.08 7.71 O Fall 2015

BPFH Boston Private Financial Boston MA NASDAQ 932.4 131.4 11.1 11.4 3.3 4.3 2.8 2.6 90.7 ‐30.2 8,572.1 0.92 10.20 M Spring 2003

LBAI Lakeland Bancorp Oak Ridge NJ NASDAQ 819.7 157.0 13.1 11.1 5.9 3.1 1.2 6.4 55.3 ‐15.2 6,365.1 1.01 9.28 O Fall 2016

BMTC Bryn Mawr Bank Corp. Bryn Mawr PA NASDAQ 755.9 204.6 17.7 11.8 10.6 2.7 1.4 2.0 74.0 ‐15.5 4,632.0 0.94 7.46 O Summer 2016

FDEF First Defiance Financial Defiance OH NASDAQ 580.8 198.1 12.9 12.3 10.7 2.6 1.3 3.9 63.4 0.0 3,221.2 1.44 11.62 M Summer 2012

MBWM Mercantile Bank Corp. Grand Rapids MI NASDAQ 549.5 166.9 11.6 12.7 8.4 3.1 1.1 3.3 48.3 0.5 3,551.8 1.37 12.58 M Winter 2018

PGC Peapack‐Gladstone Financial Bedminster NJ NASDAQ 525.0 119.5 11.9 10.9 1.9 0.7 1.8 10.1 62.7 ‐15.1 4,662.3 0.98 9.65 M Winter 2018

IBCP Independent Bank Corp. Grand Rapids MI NASDAQ 504.7 163.3 13.8 10.9 6.6 3.3 2.5 3.2 73.6 ‐9.3 3,383.6 1.12 10.99 M Summer 2018

WNEB Western New England Bancorp Westfield MA NASDAQ 251.5 122.2 18.4 17.4 2.5 2.1 0.9 5.4 53.8 ‐10.5 2,115.7 0.65 5.97 M Fall 2013

CHMG Chemung Financial Corp. Elmira NY NASDAQ 236.9 159.5 13.3 12.2 5.6 2.1 0.9 19.9 22.1 5.1 1,769.6 1.02 10.68 M Fall 2018

SBBX SB One Bancorp Rockaway NJ NASDAQ 214.1 133.5 9.2 9.0 3.7 1.3 1.6 14.6 28.4 ‐24.1 1,840.1 1.28 12.39 O Fall 2015

DNBF DNB Financial Corp. Downingtown PA NASDAQ 178.6 180.0 17.2 14.8 8.1 0.7 0.8 12.3 39.1 18.9 1,166.7 0.89 9.09 M Fall 2013

TRCB Two River Bncp Tinton Falls NJ NASDAQ 127.4 127.1 11.6 11.0 2.7 1.9 0.8 14.3 24.1 ‐12.3 1,140.5 0.99 9.45 O Winter 2016

SBFG SB Financial Group Inc Defiance OH NASDAQ 114.8 115.2 15.9 10.9 1.8 2.0 0.6 3.1 38.2 ‐3.0 1,021.3 0.89 6.76 O Spring 2018

SAL Salisbury Bancorp Inc. Lakeville CT NASDAQ 117.7 129.3 12.2 11.3 2.8 2.7 0.4 12.2 10.0 ‐0.2 1,118.9 0.87 9.29 O Summer 2017

Avg. 2,537.5 154.2 13.1 11.7 5.8 2.8 2.5 6.0 62.2 ‐10.0 20,300.9 1.08 9.37 Pricing Date May 14, 2019 Median 819.7 157.0 13.0 11.1 5.9 2.8 1.8 3.2 70.1 ‐10.7 6,365.1 1.01 9.19

21 First Bank (FRBA) Agreed to Acquire Grand Bank, National Association

Buy‐Side Advisory Transaction Summary Key Deal Observations Announcement Date: March 19, 2019 Purchase Price ($M): $19.4 • FIG Partners served as the financial advisor for First Bank Purchase Price Per Share: $37,295.59 • The combined company is projected to have Price / Tangible Book Value: 87.5% Price / LTM Earnings (Tax Adjusted): 24.5x approximately $1.9 billion in total assets Price / Assets: 9.9% • Core Deposit Premium: ‐1.8% First Bank will have 18 branches located in seven New Consideration: Stock Jersey counties and two Pennsylvania counties Expected Completion Date: Third Quarter 2019 • Grand Bank shareholders will receive 3,262.956 shares of FRBA Grand Bank, N.A. First Bank common stock per each Grand Bank common Stock Price at Announcement: $11.43 NA MRQ Financial Period: 12/31/18 12/31/18 share outstanding in an all stock exchange Assets ($000): $1,711,159 $196,935 Pro Forma Branch Map Loans ($000): 1,447,381 162,619 Deposits ($000): 1,393,204 161,761 Grand Bank Tangible Common Equity ($000): 177,399 22,201 FRBA LTM ROAA: 1.09% 0.49% LTM ROAE: 9.70% 4.56% LTM Efficiency Ratio: 55.2% 84.4% TCE / TA: 10.47% 11.27% NPAs / Assets: 0.43% 4.15%

Source: S&P Global Market Intelligence, FIG Partners 22 FNCB Bancorp, Inc. (FNCB) Public Offering of $23.0 million Case Study – Capital Raising Efforts Key Offering Observations Offering Details • FIG Partners served as lead manager in the transaction Completion Date: February 8, 2019 Offering Size: $23.0 Million Security Type: Common Stock • The company plans to use the net proceeds for general Price Per Share: $7.00 Per Share corporate purposes, including funding regulatory capital Price/ Tangible Book 121.1% needs Price/ PF Tangible Book 118.4% Price/ PF Earnings 16.7x • The option to underwrite an additional 428,550 common shares was fully exercised Franchise Map

Financial Highlights MRQ Financial Period: 12/31/18 Assets ($000): $1,237,732 Loans ($000): 839,100 Deposits ($000): 1,095,629 MRQ ROAA: 2.28% MRQ ROAE: 32.53% MRQ NIM: 3.17% TCE / TA: 7.85% NPAs / Assets: 1.29%

Source: S&P Global Market Intelligence, FIG Partners 23 HarborOne Bancorp, Inc. (MHC) (HONE) Subordinated Debt offering of $35.0M Case Study – Capital Raising Efforts

Offering Details Key Offering Observations Announcement Date: August 30, 2018 • FIG Partners served as lead placement agent in the transaction Offering Size: $35.0 million • The notes have a maturity date of September 1, 2028 and bear a Security Type: Subordinated Debt fixed rate of 5.625% for the first 5 years upon which the interest Maturity 10 Years rate will be adjusted to an annual floating rate equal the three‐ Coupon Rate: 5.625%; Fixed to Float month LIBOR plus a spread of 278 basis points until maturity Egan‐Jones Rating: BBB+ Use of Proceeds: General corporate planning purposes • Proceeds will be used for future growth opportunities and general corporate purposes

Financial Highlights • The Notes were assigned an investment grade rating of BBB+ by MRQ Financial Period: 6/30/18 Egan‐Jones Ratings Company Assets ($000): $2,879,714 Franchise Map Loans ($000): 2,352,468 Deposits ($000): 2,202,502 Tang. Common Equity ($000): 334,859 MRQ ROAA: 0.46% MRQ ROAE: 3.59% MRQ NIM: 3.26% MRQ Efficiency Ratio: 83.37% TCE / TA: 11.68% NPAs / Assets: 1.23%

Note: Map includes pending acquisition of Coastway Bancorp, Inc. Source: S&P Global Market Intelligence, FIG Partners 24 Highlands Bancorp, Inc. (HSBK) acquired by Lakeland Bancorp, Inc. (LBAI) Sell‐Side Advisory Transaction Summary Key Deal Observations Announcement Date: August 23, 2018 • FIG Partners served as financial advisor to Highlands Bancorp, Purchase Price ($M): $56.7 Purchase Price Per Share: $19.79 Inc. in this transaction Market Premium: 20.0% • The combined company will have over $6.0 billion in total Price / Tangible Book Value: 189.0% assets, $4.7 billion in total loans and $4.8 billion in total Price / LTM Earnings:1 17.6x deposits Price / Assets: 11.6% Core Deposit Premium:2 8.3% • The transaction is expected to be immediately accretive to Consideration: Common Stock Lakeland earnings in 2019 and minimally dilutive to tangible Expected Completion Date: Early 1Q'19 book value with an estimated pay back in under two years LBAI HSBK Stock Price at Announcement: $19.50 $16.50 MRQ Financial Period: 6/30/18 6/30/18 Pro Forma Branch Map Assets ($000): $5,534,488 $487,870 Loans ($000): 4,279,231 433,603 Deposits ($000): 4,400,019 401,878 Tangible Common Equity ($000): 459,379 29,125 LTM ROAA: 1.08% 0.55% LTM ROAE: 9.95% 8.60% LTM Efficiency Ratio: 54.3% 69.5% TCE / TA: 8.51% 8.26% NPAs / Assets: 0.44% 0.74%

HSBK LBAI

1) LTM earnings adjusted for $658k DTA write‐down due to tax reform 2) Core deposits equal total deposits less CDs greater than $100,000 Source: S&P Global Market Intelligence, FIG Partners, Investor Presentation 25 We are dedicated to Community Banks and we exist to be the Trusted Advisor for Community Banks and their Investors

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