ALLIANCE FINANCIAL CORPORATION

	2009 Y	2010 Y	2011 Y	2012 Y
Period Ended	12/31/2009	12/31/2010	12/31/2011	12/31/2012
Assets ($000)
Cash and Due from Banks	26,491	32,353	25,806	29,723
Fed Funds Sold	0	0	0	0
Deposits at Financial Institutions	205	148	26,996	3,950
Securities Purchased, to Resell	0	0	0	0
Other Cash & Cash Equivalents	0	0	0	0
Cash and Cash Equivalents	26,696	32,501	52,802	33,673
Trading Account Securities	0	0	0	0
Available for Sale Securities	362,158	414,410	374,306	336,493
Held to Maturity Securities	0	0	0	0
Other Securities	10,074	9,754	8,806	7,987
Total Cash & Securities	398,928	456,665	435,914	378,153

Liabilities ($000)
Total Deposits	1,075,671	1,134,598	1,083,065	1,094,993
FHLB Borrowings	135,500	97,000	90,000	80,000
Senior Debt	172,707	142,792	136,310	121,169
Trust Preferred (FAS 150)	25,774	25,774	25,774	25,774
Total Subordinated Debt	25,774	25,774	25,774	25,774
Redeemable Financial Instruments (FAS 150)	0	0	0	0
Total Debt	198,481	168,566	162,084	146,943
Memo: Consolidated VIE Liabilities	NA	NA	0	0
Total Other Liabilities	19,157	18,327	19,944	17,476
Total Liabilities	1,293,309	1,321,491	1,265,093	1,259,412

Mezzanine ($000)
Redeemable Preferred	0	0	0	0
Trust Preferred Securities	0	0	0	0
Total Minority Interest	0	0	0	0
Other Mezzanine Items	0	0	0	0
Total Mezzanine Level Items	0	0	0	0

Equity ($000)
TARP Preferred Equity	0	0	0	0
Other Preferred Equity	0	0	0	0
Total Preferred Equity	0	0	0	0
Common Equity	123,935	133,131	143,997	146,945
Equity Attributable to Parent Company	123,935	133,131	143,997	146,945
Noncontrolling Interests	0	0	0	0
Total Equity	123,935	133,131	143,997	146,945
Net Unrealized Gain	2,832	3,694	6,907	6,392

Balance Sheet Analysis (%)
Gross Loans HFI / Total Assets	64.50	61.77	61.94	65.99
Loans / Deposits	84.99	79.19	80.58	84.76
Loan Loss Reserves / Gross Loans	1.03	1.19	1.23	0.92
Reserves / Loans Held For Investment	1.03	1.19	1.23	0.92
One Year Gap / Assets	NA	NA	NA	NA
1-4 Loans Serviced for Others ($000)	151,000	189,209	215,921	229,127
Level 1 Assets ($000)	1,013	1,007	3,111	3,133
Level 2 Assets ($000)	361,145	413,403	371,195	333,360
Level 3 Assets ($000)	576	1,284	3,870	847
Level 1 Liabilities ($000)	NA	0	0	0
Level 2 Liabilities ($000)	NA	0	0	0
Level 3 Liabilities ($000)	NA	0	0	0
FTE Employees (actual)	337	339	328	331

Annualized Growth Rates (%)
Asset Growth	3.65	2.64	(3.13)	(0.19)
Gross Loans HFI Growth	0.37	(1.71)	(2.87)	6.34
Deposit Growth	14.69	5.48	(4.54)	1.10

Average Balances ($000)
Avg Gross Loans HFI	919,141	894,675	873,115	893,784
Avg Loans HFS	1,147	2,820	1,265	909
Average Loans, Gross of Reserves	920,288	897,495	872,482	885,207
Avg Securities	352,542	397,732	431,408	346,706
Avg Other Int Earn Assets	13,084	8,823	15,890	53,325
Avg Secs & Other Int Earn Assets	365,626	406,555	447,298	400,031
Avg Interest Earning Assets	1,285,914	1,304,050	1,319,780	1,285,238
Avg Assets	1,419,348	1,441,093	1,452,195	1,422,955

Investor Relations