BLUE BANK REPORT VERIBANC , Inc

BLUE BANK REPORT

VERIBANC®, Inc. The B.E.S.T. Banking Investment Post Office Box 1610 Woonsocket, Rhode Island 02895 1-800-442-2657 FAX: 401-766-2777 www.veribanc.com

The banks listed on the blue pages of this report have met exceptionally high Standards and are designated as Blue Ribbon Banks. The VERIBANC Blue Ribbon safety and soundness award is the country's oldest* national formal recognition of financially strong banks.

* source: American Bankers Association research VERIBANC®, Inc. The B.E.S.T. Banking Investment Post Office Box 1610 Woonsocket, Rhode Island 02895 1-800-442-2657 www.veribanc.com Email: [email protected]

FOREWORD

Since our beginning in 1981 VERIBANC® has never been paid by any institution to rate it. Following our standards of independence and zero tolerance for bias, no Bank, Thrift, or Credit Union is paying us to provide this information. You can be assured you are getting the B.E.S.T. rating's and financial information with VERIBANC®'s guarantee: there is no potential for conflict of interest.

THE B.E.S.T......

Balanced - our rating system blends predictability of bank failure with bank ratings degradation. This balance provides unmatched performance that has actually tracked the condition of the banking industry. Effective - VERIBANC's ROR (Return On Ratings) is over 99 percent. We are able to detect banking problems with a high degree of reliability. Seasoned - over the past twenty-four years (through the difficult and the good times of the banking industry) our rating system has produced remarkably consistent results. Transparent - we are the only bank rating company that has always published our track record. Because of our transparency, several insurance companies have audited and approved its use for insuring deposits in excess of the FDIC's $100,000 limit.

Thank you for your interest in the information VERIBANC® provides. We hope you find this report useful and as always, your thoughts on any improvements are welcome.

Sincerely, VERIBANC®, Inc.

Michael M. Heller President VERIBANC®, Inc.

BLUE BANK REPORT®

INTRODUCTION

VERIBANC® is pleased to present you with our Blue Bank Report®. The Blue Bank Report® presents commercial banks and savings banks, within specified geographical regions, which meet very high financial standards. The report also lists key financial data for these banks and presents graphical data that compare them to the rest of the banking industry. The premium banks are designated by VERIBANC® as Blue Ribbon Banks™.

The banks listed in this report are the result of sorting operations performed on data supplied by the Federal Regulators approximately 8,000 banks in the U.S. and its possessions. Each bank is listed in accordance with the location of its “home” office or the office from which it reports financial information to regulatory authorities. (Please check your city or town for a branch office near you.) The screening criteria are described below. Following discussion of the Blue Ribbon Bank™ criteria are definitions of the various quantities involved. Other important information is also provided. Graphical data, which summarize the distribution of key financial ratios over the commercial banking industry as a whole, follow the list of Blue Ribbon Banks™.

The information in this report is based on the Federal Regulators' release of Reports of Income and Reports of Condition filed by each bank for the fiscal quarter ending on the “reporting date” stated at the bottom of each page of data in the report. Information from earlier reporting periods is considered as well. Also stated at the bottom of each data page is the date (“release date”) when the Federal Regulators released the most recent information used in this report.

CRITERIA USED TO SELECT BLUE RIBBON BANKS™

Banking analysts do not agree on appropriate measures of a bank’s strength and therefore, do not agree on which bank is “stronger” than another. Similarly, VERIBANC® has access only to certain financial information and has no way of measuring other objective and subjective criteria that may be important in assessing the strength of banks. Consequently, we cannot give to our clients a warranty, opinion or advice as to the strongest or safest banks in each part of the country.

VERIBANC®, rather than attempting to define the “strongest” or to diagnose which banks in each region are explicitly “stronger”, has used a different approach. The VERIBANC® Blue Ribbon Banks™ criteria are used to identify those institutions which appear to be operating profitably, which possess substantial assets and which meet or exceed certain other criteria (described below), based on data made available by the Federal Regulators in its two most recent releases of call reports.

Banks listed on the data pages which follows page 7 are presented in the order of their profitability during the most recent financial quarter.

All of the following conditions must be satisfied for a bank to be classified as Blue Ribbon Banks™. The first three criteria must be met in each of the two most recent financial quarters:

• Total assets must exceed $50 million. • Equity must exceed 7.5 percent of assets. -1-

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• Net income after extraordinary items and taxes must be positive (i.e., the bank must be profitable).

The following criteria must also be met in the most recent financial quarter:

• Loans must total at least one percent of assets. • At least 50 percent of assets must be funded by deposits. • Liquid assets (securities available for sale and other assets readily convertible to cash within one year) must be at least 30 percent of total deposits†. • Equity, discounted for problems loans, securities and delinquent derivatives contracts in excess of loan loss reserves, must exceed six percent of total assets. • Equity, discounted for problem loans, securities, delinquent derivatives contracts, depreciated held-to-maturity securities and half of real estate owned (REO) in excess of loan loss reserves must exceed five percent of total assets. • Problem assets, including REO, must not exceed 2.5 percent of total assets. • Total overseas lending must not exceed the bank’s equity. • Liquidity (liquid assets divided by deposits) must not have increased by more than 50 percent or decreased by more than 33 percent since the previous quarter. • Brokered deposits must not exceed ten percent of total deposits. • Foreign deposits must not exceed ten percent of total deposits. • Insider lending must not exceed 25 percent of equity or ten percent of loans. • Gross off-balance sheet commitments, including derivatives contracts, must not exceed total assets. • Regulatory capital ratios (Leverage, Tier One Risk and Total Capital Risk) must exceed the thresholds established by the FDIC for the “Well Capitalized” classification.

The bank may not have had two or more volatile periods of asset growth/shrinkage over the past ten quarters.

If the bank is owned by a holding company, every other bank that belongs to the same holding company owner (even if ownership is through a different subsidiary holding company) must meet the following conditions for the latest quarter:

• Each bank’s equity must exceed three percent of its assets. • If any bank suffered a net loss during the quarter, that loss must have amounted to less than 18.75% of its end-of-quarter equity.

In addition to the foregoing, the bank must not have been subject to regulatory sanctions, as outlined below:

• Any cease and desist order, supervisory agreement, memorandum of understanding, prompt corrective action or similar order.

† or, alternatively, liquid assets plus securities not available for sale (i.e., being held until their maturity) must be at least 45 percent of total deposits and one of the following two conditions must apply. The excess of amortized cost over market value of securities being held until maturity must be 1) less than net income for the quarter, or 2) insufficient to, if deducted from equity, reduce equity below 7.5 percent of assets. -2- 102705 BRB VERIBANC®, Inc.

• Two or more call report penalties, other fines, restitution orders, removal-prohibition orders or extensions of a previously issued order of similar type.

• Any three or more less serious or unspecified types of actions, such as home mortgage disclosure violations, or actions against personnel associated with the bank.

The foregoing two criteria describe institutions that are not in VERIBANC®’s lowest (Red, No-Stars) category. Additionally, the holding company must receive a VERIBANC® star rating of Two Stars or Three Stars for the latest quarter. Star classification criteria for holding companies are as follows. VERIBANC® assigns holding companies Three Stars (***), Two Stars (**), One Star (*) or No Stars (U). The holding company’s rating is developed by considering all bank subsidiaries taken together, as if they were a single bank, owned by the same ultimate parent. The criteria used by VERIBANC® to determine the number of stars assigned to a holding company are then applied as with a bank, i.e.,

*** The institution must meet the following primary conditions: equity which exceeds five percent of assets, equity which exceeds four percent of assets after deducting problem loans, securities and derivatives contracts in excess of its loan loss reserves and positive net income for the most recent reporting quarter. All three regulatory capital requirements, as they are calculated for banks must also be satisfied (see below) and it must not have been subject to any recent serious regulatory sanction. If the institution is a one-bank holding company, neither the holding company nor its member bank has been subject to a recent serious regulatory sanction. In addition, insider lending must not exceed 35 percent of equity. A bank may only have two or fewer volatile periods of asset growth/shrinkage over the past ten quarters. Problem investments also include securities being held to maturity that, if sold, would realize less than their cost.

** The institution meets any two of the three primary conditions for the Three Stars category and has equity that exceeds its unreserved problem loans, securities and derivatives contracts. If the bank had a net loss during the most recent reporting quarter the loss was not significant†. All three regulatory capital requirements, as they are calculated for banks, must also be satisfied (see below) and it must not have been subject to any recent serious regulatory sanction. If the institution is a one- bank holding company, neither the holding company nor its member bank has been subject to a recent serious regulatory sanction. A Two Stars rating is applied to a bank that has three volatile periods of asset growth/shrinkage over the past ten quarters. For banks that have held-to-maturity securities investments with a current market value that is less than their cost, that difference must not exceed equity.

†A loss is considered significant when, over a single quarter, it exceeds 18.75% of a bank's equity -3-

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* The bank meets at least one of the primary conditions required for the Three Stars category, reports equity which exceeds three percent of assets and also exceeds unreserved problem loans, securities and derivatives contracts. If the institution had a net loss during the most recent reporting quarter, the loss was not significant. Moreover, the institution meets at least two of the three federal capital requirements for tier one (core) capital and total capital as a percentage of risk weighted assets and tier one capital as a percentage of average assets. Moreover, if all of the banks in its holding company, taken together as if they were a single bank, receive a One Star or No Stars rating, the bank may not receive a higher rating than One Star. A bank or a one-bank holding company may receive no higher than a One Star rating if either the holding company or the bank have been subject to a recent serious regulatory sanction. A One Star rating is assigned if a bank has four or more volatile periods of asset growth/shrinkage over the past ten quarters. Also, a bank may receive a One Star rating if, absent other reasons for downrating as stated above, the difference between cost and current market value of its held-to-maturity securities investments exceeds the institution's equity.

Moreover, in addition to the foregoing, if a multibank holding company has been subject to a serious regulatory sanction, the highest rating the holding company can receive is One Star.

NO STARS The institution does not meet the criteria above.

SPECIAL PROVISION

A bank which received the Blue Ribbon designation during the prior quarter remains eligible for this classification if it misses one, and only one, of the financial criteria by less than ten percent. This special provision is applicable for only one quarter during each six-month period.

ADDITIONAL LISTS OF BANKS

Blue Bank Branch Supplement

The main part of the Blue Bank Report® lists banks with home offices in the designated region. The supplement identifies Blue Ribbon Banks™ with branch offices in the designated region even though their home office is outside of the region. In cases where the bank has more than one branch office within the designated region, the branch located in the region’s largest city is listed in the report supplement.

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Green Three Stars Supplement

In an effort to increase the number of banks within a geographical area, which can be recognized as meeting high financial standards, VERIBANC® includes a supplemental list of banks. These banks do not meet all of the Blue Ribbon criteria; however, the banks listed in the Green, Three Stars Bank Supplement do satisfy the conditions required for a bank to receive VERIBANC®’s ordinary high rating - - Green with Three Stars.

The supplement presents the 50 largest banks (by asset size) in the state containing the region of interest, which receive VERIBANC®’s Green Three Stars rating. For regions that encompass several states, the banks listed in the supplement are those located in the first state which describes the region. Note that some states have fewer than 50 institutions that receive the Green Three Stars rating. In those states, only this smaller group of qualifying banks is listed.

DEFINITIONS

VERIBANC® uses the following definitions in the course of describing the banks listed in its Blue Bank Report®.

Profitability Ratio: Net income for the most recent reporting quarter is annualized (multiplied by four), then divided by total assets. The resulting fraction is then expressed as a percentage.

Equity/Assets Ratio: Equity capital for the most recent reporting quarter is divided by total assets. The resulting fraction is then expressed as a percentage.

Liquidity Ratio: Liquid assets are divided by total deposits and expressed as a percentage. Liquid assets are defined as the sum of: cash and amounts due from depository institutions, securities classified as available for sale, federal funds sold, securities purchased under resale agreements, net assets in trading accounts and loans and leases maturing within 12 months.

Total Assets: Total assets are stated as of the end of the most recent reporting quarter.

Total Equity: Total equity is stated as of the end of the most recent reporting quarter.

Net Income: Net income is reported for the most recent reporting quarter. For The Quarter

BB: This margin symbol indicates that the bank has been designated as a Blue Ribbon Bank continuously for at least eight consecutive quarters.

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OTHER IMPORTANT INFORMATION

VERIBANC® emphasizes that it does not express an opinion or give advise or a warranty as to the strength of the banks on its Blue Bank Report® lists and Green Three Stars lists. Our clients are cautioned that other criteria, objective and subjective, which the Federal Regulators does not release to the public as a matter of course, may be important in assessing the strength of the banks on the lists. The Blue Bank Report® lists are intended only as a brief guide for our clients and the information contained in them should not be considered or relied upon as representing a complete picture of the financial condition of the listed banks.

VERIBANC® maintains extensive additional data on each of the banks on the Blue Bank Report® lists and Green Three Stars lists, including data on cash flow, balance sheets, loan and investment portfolio distributions and call reports. If you require additional information, VERIBANC® invites your inquiries. The Blue Bank Report® lists and Green Three Stars lists are updated every quarter.

This report considers savings banks as well as commercial banks if the area to which it applies contains savings banks. Of course, whether or not savings banks are listed depends upon their meeting the criteria of the report. Note that savings banks are primarily located in the Northeastern U.S. and a few places in the Great Lakes and Pacific Northwest regions.

A FEW FINAL NOTES

We hope you find this report helpful. Please contact us if you have any questions, comments or suggestions. If you wish to obtain an annual subscription to the Blue Bank Report®, the cost is $126, a 10 percent discount from the quarterly rate.

If your institution is not included herein, or you would find a more extensive compilation of its financial condition to be helpful, we invite you to order our Bank Research Report or Savings Association Research Report. The Research Report presents an introductory summary of an institution’s assets, capital (including regulators’ “capital classification”), deposits, loans, income, insider transactions and problem lending. Nine other sections follow which detail key operating measures, a breakdown of lending by category (including foreign loans and real estate loans), loan loss reserve positions, problem loan specifics, weaknesses in securities and derivatives contracts holdings, foreclosed real estate, loan management measures, liquid assets, special liabilities measures and more. A tabular and graphical section relates the Research Report’s financial ratios and other measures to the entire industry. The cost of the Research Report, which includes our special color code and star rating, is $45 per institution.

If a quick-look “executive” summary type of report on your institution is of interest, you should order our color-coded and star-rated Short Form Report. At $25 per institution, it provides VERIBANC®’s rating and the numbers that back up the rating. A “plain-English” format is used. The presentation and explanation in the Short Form Report provides financial information about the institution’s equity, income, reserves, problem loans and compliance with regulatory capital standards.

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VERIBANC® invites you to recheck the ratings of your banks, thrifts, and credit unions when the next set of data is released by the government regulatory agencies. The approximate dates when new information is expected to replace VERIBANC®’s current data on banks, savings banks, thrifts and credit unions are:

First Quarter (ending March 31) data are usually released by May 31, Second Quarter (ending June 30) data are usually released by August 31, Third Quarter (ending September 30) data are usually released by November 30, Fourth Quarter (ending December 31) data are usually released by February 28.

VERIBANC® HOPES YOU FIND THIS REPORT USEFUL AND WELCOMES YOUR COMMENTS

-7- 102705 BRB ® VERIBANC Inc ., The B.E.S.T. Banking Investment Post Office Box 1610, Woonsocket, RI 02895 1-800-837-4226 (1-800-VERIBANc)

THE VERIBANC BLUE BANK REPORT® DATA PAGES(S) FOR REGION 49

Net Profit- Equity/ Income ability Assets Liquidity Total Total for Ratio Ratio Ratio Assets Equity Qtr. Bank Name City State (%) (%) (%) ($000) ($000) ($000) BANK OF UTICA UTICA NY 1.57 13.14 13.56 811,657 106,634 3,188 BB FULTON SAVINGS BANK FULTON NY 1.46 15.10 42.24 402,783 60,824 1,475 BB CAYUGA LAKE NB UNION SPRINGS NY 1.33 9.53 27.17 108,645 10,350 362 BB FIRST NB OF GROTON GROTON NY 1.21 13.57 47.40 125,304 17,010 379 BB FIRST NB OF DRYDEN DRYDEN NY 1.20 12.23 73.39 108,012 13,206 324 BB GLENS FALLS NB&TC GLENS FALLS NY 1.18 8.82 42.06 1,588,907 140,162 4,676 BB STEUBEN TC HORNELL NY 1.12 9.77 48.57 349,943 34,196 979 FIVE STAR BK WARSAW NY 1.09 9.52 44.08 2,151,030 204,855 5,851 BB COMMUNITY BK NA CANTON NY 1.04 10.99 34.96 5,460,224 599,983 14,158 MANUFACTURERS & TRADERS TC BUFFALO NY 1.01 12.71 40.30 67,458,977 8,576,064 171,100 BB NATIONAL BK OF COXSACKIE COXSACKIE NY .96 11.29 59.72 198,746 22,448 475 BB NBT BK NA WHITNEY POINT NY .91 9.88 46.74 5,490,200 542,684 12,509 BB SOLVAY BK SOLVAY NY .91 8.78 43.98 580,146 50,955 1,321 NATIONAL UNION BK KINDERHOOK NY .91 8.47 43.30 236,758 20,063 537 BB TIOGA ST BK SPENCER NY .91 8.53 50.64 381,469 32,550 864 BB DELAWARE NB OF DELHI DELHI NY .90 10.27 62.40 192,464 19,761 431 ALLIANCE BK NA SYRACUSE NY .82 9.99 53.75 1,438,218 143,626 2,957 BANK OF RICHMONDVILLE RICHMONDVILLE NY .81 11.76 42.57 118,013 13,883 240 BB CHEMUNG CANAL TC ELMIRA NY .81 8.79 48.32 1,004,958 88,310 2,024 BB BANK OF AKRON AKRON NY .79 11.72 48.45 187,577 21,992 372 WILBER NB ONEONTA NY .79 7.81 39.51 937,771 73,256 1,854 BB BALLSTON SPA NB BALLSTON SPA NY .72 7.84 44.09 366,176 28,703 663 PATHFINDER BK OSWEGO NY .70 8.78 39.66 386,152 33,897 676 CHAMPLAIN NB ELIZABETHTOWN NY .68 7.59 54.81 204,768 15,540 348 BB NATIONAL BK OF DELAWARE CTY WA WALTON NY .63 11.18 56.29 255,503 28,561 402 SAVANNAH BK NA SAVANNAH NY .61 8.32 57.57 101,512 8,448 156 WATERTOWN SVG BK WATERTOWN NY .59 13.00 31.46 418,460 54,420 622 BB RONDOUT SVG BK KINGSTON NY .44 12.04 51.20 225,788 27,186 251 ONEIDA SVG BK ONEIDA NY .44 10.23 39.04 598,080 61,164 662 PIONEER SVG BK TROY NY .32 9.85 36.52 746,635 73,559 598 BB CATTARAUGUS CTY BK LITTLE VALLEY NY .20 8.74 46.70 162,736 14,219 82 FIRST ST BK CANISTEO NY CANISTEO NY .09 13.74 81.78 54,821 7,532 13

Bank reporting date: 03/31/2010 Federal Reserve Board release date: 05/28/2010 Latest Ratings Updated through 05/28/2010 For explanations of symbols and abbreviations: B, BB, BK, EPL, SA, regulatory enforcement action codes and capital categories, please see explanatory pages of this report. IMPORTANT - FOR YOUR OWN PROTECTION, PLEASE READ THE REVERSE SIDE OF THIS PAGE AND THE EXPLANATORY PAGES OF THIS REPORT Copyright © 2010 by VERIBANC, Inc., Woonsocket, RI ® VERIBANC Inc ., The B.E.S.T. Banking Investment Post Office Box 1610, Woonsocket, RI 02895 1-800-837-4226 (1-800-VERIBANc)

THE VERIBANC BLUE BANK BRANCH SUPPLEMENT® FOR REGION 49

Net Profit- Equity/ Income ability Assets Liquidity Total Total for ------Branch------Main Office---- Ratio Ratio Ratio Assets Equity Qtr Bank Name City State City State (%) (%) (%) ($000) ($000) ($000) PEOPLES NB BINGHAMTON NY HALLSTEAD PA 1.13 7.85 40.94 539,476 42,369 1,522 BB NORTHWEST SVG BK ROCHESTER NY WARREN PA .67 13.53 31.06 8,140,993 1,101,729 13,644 FIRST CITIZENS NB WELLSVILLE NY MANSFIELD PA 1.52 8.78 39.61 749,136 65,788 2,849

THE VERIBANC GREEN THREE-STARS SUPPLEMENT® TO THE BLUE BANK REPORT For NEW YORK (Regions 49 and 50)

Net Profit- Equity/ Income ability Assets Liquidity Total Total for Ratio Ratio Ratio Assets Equity Qtr. Bank Name City (%) (%) (%) ($000) ($000) ($000) BANK OF NY MELLON NEW YORK 1.07 8.96 92.20 162,064,000 14,517,000 425,000 GOLDMAN SACHS BK USA NEW YORK 2.34 19.94 177.03 89,744,000 17,895,000 524,000 DEUTSCHE BK TC AMERICAS NEW YORK .53 20.49 127.75 45,147,000 9,250,000 60,000 NEW YORK CMNTY BK FLUSHING 1.28 13.38 19.45 39,888,490 5,336,544 127,390 EMIGRANT BK NEW YORK .49 8.94 46.48 10,574,561 945,888 13,296 ISRAEL DISCOUNT BK OF NY NEW YORK .63 7.84 101.73 9,227,795 723,498 14,534 APPLE BK FOR SVG MANHASSET .56 9.55 41.87 6,730,888 642,471 9,352 BANK LEUMI USA NEW YORK .35 9.76 87.93 5,055,919 493,312 4,448 AMALGAMATED BK NEW YORK 1.33 6.29 92.02 4,659,456 293,013 14,484 RIDGEWOOD SVG BK RIDGEWOOD .37 12.78 43.01 4,443,035 567,721 4,123 BANK TOK-MIT UFJ TC NEW YORK .46 16.72 78.12 4,055,955 678,273 4,657 MIZUHO CORP BK USA NEW YORK .20 34.19 88.29 3,036,868 1,038,194 1,521 NEW YORK CMRL BK ISLANDIA .28 20.41 40.35 2,530,836 516,454 1,751 STERLING NB NEW YORK .54 7.98 73.28 2,156,880 172,190 2,918 FIRST NB OF LONG ISLAND GLEN HEAD 1.15 7.25 52.46 1,653,171 119,805 4,743 STATE BK OF LONG ISLAND NEW HYDE PARK .79 10.39 57.38 1,621,038 168,501 3,215 CANANDAIGUA NB&TC CANANDAIGUA 1.08 7.98 22.48 1,587,355 126,670 4,268 TOMPKINS TC ITHACA 1.39 7.02 66.57 1,536,625 107,907 5,324 EMIGRANT SVG BK-MANHATTAN NEW YORK .12 7.39 53.90 1,203,900 89,015 372 WOORI AMER BK NEW YORK .13 10.40 29.00 1,121,696 116,626 357 SHINHAN BK AMER NEW YORK .36 9.13 67.65 974,103 88,973 865 BANK OF CASTILE CASTILE .87 7.27 46.55 836,998 60,853 1,826 ULSTER SVG BK KINGSTON .54 11.67 17.34 691,507 80,685 925 BANK OF EAST ASIA USA NA NEW YORK .34 18.96 36.13 681,551 129,198 576 FIRST AMER INTL BK BROOKLYN .32 10.24 39.23 641,856 65,750 508 EVANS BK NA ANGOLA .64 7.42 26.03 623,480 46,250 1,004 ADIRONDACK BK UTICA .44 7.58 46.78 517,105 39,222 572 RHINEBECK SVG BK RHINEBECK .67 9.59 21.68 500,185 47,955 834 COUNTRY BK NEW YORK 1.39 7.74 56.22 481,069 37,228 1,667 LYONS NB LYONS .90 8.43 46.73 471,212 39,709 1,062 FIRST NB OF JEFFERSONVILLE JEFFERSONVILLE .72 9.51 41.29 449,784 42,783 815 PROVIDENT MUNICIPAL BK MONTEBELLO .65 10.68 118.87 433,745 46,307 708 ASIA BK NA FLUSHING .45 13.69 22.16 433,481 59,363 483 GOTHAM BK OF NEW YORK NEW YORK .70 7.48 69.54 373,942 27,974 659 FIRST NB OF SCOTIA SCOTIA .60 7.34 33.18 339,401 24,918 508 CAPITAL B&TC ALBANY .47 7.76 55.68 277,834 21,550 323 SARATOGA NB&TC SARATOGA SPRINGS 1.28 9.32 27.81 271,948 25,351 869 NATIONAL BK OF NEW YORK CITY FLUSHING .99 13.40 37.46 260,052 34,854 643 VICTORY ST BK STATEN ISLAND .76 10.31 87.11 240,403 24,775 458 NORTH COUNTRY SVG BK CANTON .34 12.45 13.50 240,364 29,922 207 ALDEN ST BK ALDEN 1.02 13.33 18.80 212,082 28,272 541 UNITED INTL BK FLUSHING .43 8.94 61.64 181,498 16,225 193 SAWYER SVG BK SAUGERTIES .56 9.79 48.12 180,711 17,688 253 PUTNAM COUNTY NB OF CARMEL CARMEL .27 23.83 85.28 169,913 40,482 113 AMERICAN CMNTY BK GLEN COVE .66 8.83 32.70 164,187 14,491 270 STATE BK OF CHITTENANGO CHITTENANGO 2.06 7.26 74.25 122,237 8,877 628 UNITED ORIENT BANK NEW YORK .26 9.47 23.40 102,533 9,714 66 BANK OF HOLLAND HOLLAND .49 9.90 31.87 68,220 6,751 84 HAMPTONS ST BK SOUTHAMPTON .26 7.91 36.24 63,800 5,049 42 STISSING NB PINE PLAINS .25 7.69 42.30 50,263 3,867 32

The information contained in this electronic information storage file (the "data set") has been derived from data released by federal government bank, savings and loan association and/or credit union regulatory agencies, which have, in turn, received their information from the institutions which they regulate. Since VERIBANC, Inc. ("VERIBANC") has not verified independently the data on which the data set is based, VERIBANC makes no warranty, expressed or implied, or representation as to the accuracy, adequacy or completeness of the information contained in the data set. VERIBANC EXPRESSLY DISCLAIMS ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR PARTICULAR PURPOSE which may exist with respect to the data set. VERIBANC further disclaims any and all liability for incidental or consequential damages. Your sole and exclusive remedy against VERIBANC, should any information contained in this data set be inaccurate to your detriment, is limited to the return of the purchase price paid by you for the data set.

Since the information contained herein is based on federal regulatory agency reports released at substantial intervals, and since the financial condition of the institution(s) described herein may be subject to change within short periods of time, please consult the appropriate portions of the data set and/or ancillary VERIBANC- supplied documentation for the date when the data was last released by the appropriate federal agency. Please check with VERIBANC or the management of the institution(s) for additional, updated information should you deem that advisable.

The data set was prepared by VERIBANC at your specific request and for your own purposes. The data set is copyrighted and the ratings terminology is protected by trademark. You are cautioned that copying, or displaying, selling, distributing or otherwise transferring the data set, or any part of it, to any person, without the written consent of VERIBANC, is prohibited by law. Due to the sensitive nature of the information contained in the data set, VERIBANC urges you not to disclose the information to any person. In receiving the data set, you agree to indemnify VERIBANC, and to hold VERIBANC harmless, including all attorney's fees, from and against any claim or cause of action asserted against VERIBANC by any person to whom the data set or the information contained therein is distributed or made known by you.

PLEASE READ CAREFULLY THE ACCOMPANYING EXPLANATORY PAGES WHICH ARE AN INTEGRAL PART OF THIS DATA SET.

042507 Copyright by VERIBANC, Inc., Woonsocket, RI, 2010 VERIBANC, Inc.

PROFITABILITY FOR ALL FDIC-INSURED BANKS

Data are for the reporting quarter ending March 31, 2010 The Federal Regulators' released the data in May, 2010

N U M B E 2937 R

O 2080 F

B A 1248 N K S 565 346

UNDER 0.5 0.5 - 1.0 1.0 - 1.5 1.5 - 2.0 OVER 2.0

PERCENTAGE RANGE (%)

HOW TO USE THE GRAPH

The bar graph indicates how many banks were in various profitability percentage ranges at the end of the most recent reporting quarter for which data are available from the Federal Regulators. Each bar illustrates how many banks profitability percentages were in each of the ranges shown at the bottom of the graph. Higher profitabilty percentages are considered to be more favorable. For example, during the reporting quarter, 911 federally-insured banks (the total of the two right bars) had profitability percentages which were over 1.5% and were performing well, according to this criterion. On the other hand, 2937 were operating at comparatively low profitability levels of less than 0.5%.

To see how your bank compares with others, use the "profitabilty ratio (%)" number given on the BLUE BANK DATA PAGE of your report. This allows you to find the bar which corresponds to your institution and to observe how its profitabilty compares with the rest of the industry.

60110 Copyright by VERIBANC, Inc., Woonsocket, RI, 2010 BB1 VERIBANC, Inc.

EQUITY AS A PERCENTAGE OF ASSETS FOR ALL FDIC-INSURED BANKS

Data are for the reporting quarter ending March 31, 2010 The Federal Regulators' released the data in May, 2010

N U M 3474 B 3230 E R

O F

B A N K S 295 74 103

UNDER 3.0 3.0 - 5.0 5.0 - 7.0 7.0 - 10.0 OVER 10.0

PERCENTAGE RANGE (%)

HOW TO USE THE GRAPH

The bar graph indicates how many banks were in various equity-to-assets percentage ranges at the end of the most recent reporting quarter for which data are available from the Federal Regulators. Each bar illustrates how many banks had equity-to-assets percentages in each of the ranges shown at the bottom of the graph. In general, the higher the equity percentage the better. For example, 3474 federally-insured banks had percentages which were over ten percent and, according to this criterion, were doing quite well. On the other hand, 177 were below the norm of five percent.

To see how your bank compares with others, use the "equity as a percentage of assets" number given on the data page(s) of your report. This allows you to find the bar which corresponds to your institution and to observe how your bank's equity-to-assets percentage compares with the rest of the industry.

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LIQUID ASSETS AS A PERCENTAGE OF DEPOSITS FOR ALL FDIC-INSURED BANKS

Data are for the reporting quarter ending March 31, 2010 The Federal Regulators' released the data in May, 2010

3045

N U M B E 2061 R

O F

1188 B A N 746 K S

136

0 - 20 20 - 40 40 - 60 60 - 80 OVER 80

PERCENTAGE RANGE (%)

HOW TO USE THE GRAPH

The bar graph indicates how many banks were in various liquidity percentage ranges at the end of the most recent reporting quarter for which data are available from the Federal Regulators. Each bar shows how many banks' liquid assets-to-deposits percentages were in each of the ranges shown at the bottom of the graph. Higher liquidity percentages are considered to be more favorable. For example, during the reporting quarter, 2807 federally- insured banks (the total of the two right bars) had liquidity percentages which were over 60% and were performing well, according to this criterion. On the other hand, 136 banks were operating at comparatively low liquidity levels of less than 20%.

To see how your bank compares with others, use the "liquidity ratio (%)" number given for the institution on the data page(s) of your report. This allows you to find the bar which corresponds to your institution and to observe how its liquidity compares with the rest of the industry.