Mutuality and the Difference it Makes for Dollar Bank Dollar Bank Customers. Board of Directors Dollar Bank is the largest independent mutual bank in the nation. Esther L. Barazzone, Ph.D. (As referenced by fdic.gov, mutual institutions as of 3/31/15.) Many President, Chatham University people do not know what being a mutual bank means or why that could be meaningful for them. Raymond T. Betler President & CEO Dollar Bank is not owned by stockholders. We manage this institution Wabtec Corporation to develop long-term relationships with our depositors and loan customers. We do not manage our daily activities for quarterly Robert E. Blackham dividends paid to stockholders. Partner, National Practice Chair Roetzel & Andress As a bank, we believe that underwriting formulas are not the best way to understand a customer’s business. Through thoughtful interaction, Kim Tillotson Fleming we strive to learn the uniqueness of each of the customers we serve. Chairman, President & CEO That is how we develop long-term relationships and we do it because Hefren-Tillotson, Inc. it is what’s best for our customers. Dollar Bank Representatives don’t work on commission. Therefore, they don’t try to sell services and Thomas A. Kobus products that customers don’t need or want. EVP/ CFO & Treasurer Dollar Bank, FSB We recognize that our strength and stability corresponds directly with the strength and stability of our customers. Depositors, borrowers, Jeffrey Morrow business owners… we are in this together and that is probably not Former EVP something you’ve heard from your banker before. In fact, money Dollar Bank, FSB raised through our depositors is reinvested locally in the communities we serve. Many banks claim to want a lasting relationship with their Robert P. Oeler customers. At Dollar Bank, we’ve lived this philosophy every day President & CEO since 1855. Dollar Bank, FSB

During the first half of the 2015 fiscal year, Dollar Bank’s financial Holly W. Sphar, Jr. statement reflects its continued strength and growth as a full service Chairman financial institution meeting the banking needs of our community for Shore Corporation 160 years. Our core capital amounted to $807 million, or 11.45% of our average total assets. Samuel J. Stephenson Former Firm Director As a mutual institution, Dollar Bank’s capital strength is the result Baker Tilly Virchow Krause LLP & of prudent management. We have been consistently rated as well Former Partner, ParenteBeard capitalized by government regulators, representing the highest category of financial soundness. The growth of our operation is the Roger E. Wright result of serving the needs of our customers, versus stock based Former VP, CNG & financial institutions serving the needs of shareholders. Former President, Peoples Natural Gas

Dollar Bank’s ongoing commitment to our customers has Director Emeritus differentiated us and is central to every Dollar Bank employee’s Doreen E. Boyce, Ph.D. approach to banking. Former President The Buhl Foundation

A copy of Dollar Bank’s audited financial statement is available by writing to the Treasurer: Dollar Bank Accounting Department Robert P. Oeler Three Gateway Center, 8 North President and CEO Pittsburgh, PA 15222

Three Gateway Center, Pittsburgh, PA 15222 • Tower At Erieview, 1301 E. 9th Street, Cleveland, OH 44114 2015 Semi-Annual Statement of Condition May 31, 2015 ($ in thousands) ASSETS

Cash and Short-Term Investments...... $ 193,436 Investment Securities Available For Sale...... 865,241 Other Investment Securities...... 123,421 Total Cash and Investment Securities...... $ 1,182,097 Federal Home Loan Bank Stock...... 26,527 Loans Receivable: Mortgage and Home Equity Loans Residential...... 4,504,108 Other Mortgages...... 690,390 Total Mortgage and Home Equity Loans Before General Valuation Allowances 5,194,498 Non-Mortgage Loans Commercial...... 501,209 Consumer...... 115,469 Total Non-Mortgage Loans Before General Valuation Allowances...... 616,678 Total Loans Before General Valuation Allowances...... 5,811,176 General Valuation Allowances...... (40,058) Total Loans Receivable (Net)...... 5,771,118 Office Premises and Equipment...... 91,729 Other Assets: Accrued Interest Receivable...... 17,415 Accounts Receivable and Miscellaneous...... 56,422 Total Other Assets...... 73,837 TOTAL ASSETS...... $ 7,145,308 LIABILITIES

Deposits: Checking and Checking With Interest...... $ 1,428,905 Savings...... 3,228,791 Certificates and IRA/Keogh...... 930,252 Total Deposits...... 5,587,947 Borrowings...... 668,029 Other Liabilities: Escrows...... $ 38,976 Accrued Interest Payable and Other Liabilities...... 71,557 Total Other Liabilities...... 110,533 TOTAL LIABILITIES...... $ 6,366,509 CAPITAL

Retained Earnings...... 778,799 TOTAL LIABILITIES AND CAPITAL...... $ 7,145,308 Regulatory Capital

($ in thousands) Capital at Regulatory Excess 5/31/2015 Requirement Capital Tier I (Core) $806,518 $281,819 $524,699 Tier I Risk-Based $806,518 $261,115 $545,403 Total Risk-Based $848,217 $348,153 $500,064

Equal Housing Lender. Member FDIC. Copyright © 2015, Dollar Bank, Federal Savings Bank. MSC439_15