Date: Thu, 18 Dec 1997 13:04:48 GMT Server: Stronghold/2.1.1 Apache/1.2.4 Last-Modified: Fri, 21 Nov 1997 22:44:54 GMT ETag: "7cce4-1320-34760ee6" Content-Length: 4896 Accept-Ranges: bytes Connection: close Content-Type: text/html X-Pad: avoid browser bug Ambank

AMBANC CORP.
HISTORICAL FINANCIAL DATA
 
(Dollar amounts in thousands, except per share data)

AT PERIOD END                    9/30/97   9/30/96      1996      1995      1994      1993 
Actual balances
  Assets                       $ 740,609 $ 705,766 $ 718,754 $ 682,347 $ 625,240 $ 622,568 
  Securities                     158,421   176,953   170,724   173,469   186,875   210,774
  Loans                          531,090   481,848   494,467   442,657   388,657   342,950
  Allowance for loan losses        5,670     5,368     5,630     5,022     4,531     4,238
  Deposits                       645,444   619,748   633,458   600,069   550,387   550,350
  Shareholders' equity            76,682    70,145    72,183    67,712    58,210    57,722
Daily averages
  Assets                       $ 720,938 $ 697,001 $ 701,586 $ 644,456 $ 619,540 $ 601,232
  Securities                     164,266   181,619   179,641   177,385   204,664   214,325  
  Loans                          510,591   461,078   467,509   416,489   368,198   325,544
  Allowance for loan losses        5,411     5,185     5,441     4,636     4,377     4,152  
  Deposits                       635,034   612,683   617,208   567,413   545,393   534,448  
  Shareholders' equity            73,437    68,238    68,772    62,344    58,113    54,967

OPERATING RESULTS
Net interest income (FTE)      $  21,860    20,914 $  28,323 $  26,531 $  25,401 $  24,406
Provision for loan losses            945       666     1,366     1,182       338     1,492
Income before cumulative  
   effect of accounting change     6,134     5,892     7,966     7,045     6,502     5,910
Net income                         6,134     5,892     7,966     7,045     6,502     6,162
Dividends paid on
  common stock                     2,156     1,990     2,653     2,144     1,947     1,701

PER SHARE DATA
Income before cumulative
  effect of accounting change    $   .92 $     .89 $    1.20 $    1.06 $     .98 $     .89
Net income                           .92       .89      1.20      1.06       .98       .93
Cash dividends before 
  poolings of interest               .32       .30       .40       .38       .38       .36
Book value                         11.53     10.57     10.88     10.21      8.77      8.71
Tangible book value                11.28     10.30     10.62      9.91      8.73      8.68
Stock price at end of period       25.75     15.36     14.25     14.52     14.06     16.67
Weighted average shares        6,632,998 6,633,818 6,631,616 6,632,528 6,627,432 6,626,992
Weighted average treasury 
  shares outstanding                 436       999        --        --        --        --

EARNINGS PERFORMANCE
Net interest margin (FTE)           4.28%     4.22%     4.25%     4.33%     4.30%     4.28%
Return on average assets            1.14      1.13      1.14      1.09      1.05      1.02 
Return on average equity           11.17     11.58     11.58     11.30     11.19     11.21
Dividends paid/net income          35.15     33.77     33.30     30.43     29.95     27.61

LOAN ANALYSIS
Net charge-offs/average loans        .18%      .07%      .16%      .17%      .01%      .44%
Provision/average loans              .18       .14       .29       .28       .09       .46
Allowance/loans                     1.07      1.11      1.14      1.13      1.17      1.24
Nonaccrual loans to loans            .20       .80       .29       .22       .17       .31
Loans past due 90 days or 
  more to loans                      .35       .34       .27       .29       .34       .24
OREO to loans                        .17       .07       .07       .06       .02       .04
Performing restructured loans
  to loans                           .44       .02       .62       .01       .13       .16


FINANCIAL CONDITION
Tier 1 leverage capital            10.30%     9.86%    10.00%    10.01%     9.87%     9.45%
Tier 1 capital                     13.46     13.31     13.26     13.61     14.25
Total capital                      14.48     14.36     14.33     14.67     15.30



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