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Peer Analysis

Data for trailing four quarters

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Performance Ratios (%)Alliance Financial Corporation Peer
Median
Peer
Average
ROAA0.38 0.80 0.56 
ROAE3.66 7.12 4.02 
Net Interest Margin3.12 3.52 3.36 
Efficiency Ratio66.94 66.36 73.61 
Loans / Deposits84.76 71.27 73.36 

Asset Quality Ratios (%)   
NPAs / Assets0.61 1.59 1.83 
NCOs / Avg Loans(0.04) 0.37 0.49 
Reserves / Loans0.92 1.53 1.85 
Reserves / NPAs100.56 65.64 88.46 

Capital Ratios (%)   
Tier 1 Capital14.48 12.76 13.18 
Tangible Equity / Tangible Assets7.98 7.87 7.99 
Total Equity / Total Assets10.45 8.96 9.18 

Market Ratios   
Price / Earnings (x)NA 14.42 14.48 
Price / Book (%)NA 117.17 123.14 
Dividend Yield (%)NA 3.57 2.83 
Alliance Financial Corporation's peer group consists of the following: ACNB Corporation (ACNB), AmeriServ Financial, Inc. (ASRV), Arrow Financial Corporation (AROW), Berkshire Hills Bancorp, Inc. (BHLB), Bryn Mawr Bank Corporation (BMTC), Citizens & Northern Corporation (CZNC), CNB Financial Corporation (CCNE), ESB Financial Corporation (ESBF), Financial Institutions, Inc. (FISI), First Chester County Corporation (FCEC), First National Community Bancorp, Inc. (FNCB), Orrstown Financial Services, Inc. (ORRF), Parkvale Financial Corporation (PVSA), Royal Bancshares of Pennsylvania, Inc. (RBPAA), Suffolk Bancorp (SUBK), Tompkins Financial Corporation (TMP), Univest Corporation of Pennsylvania (UVSP), VIST Financial Corp. (VIST), Wilber Corporation (GIW)

Alliance Financial Corporation's financial data is as of 12/31/2012.

Peer financial data is as of 3/31/2013  except for these companies:

First Chester County Corporation's financial data is as of 9/30/2010.
First National Community Bancorp, Inc.'s financial data is as of 12/31/2012.
Parkvale Financial Corporation's financial data is as of 9/30/2011.
VIST Financial Corp.'s financial data is as of 3/31/2012.
Wilber Corporation's financial data is as of 12/31/2010.

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