Exhibit 99.2

CHITTENDEN CORPORATION

CONSOLIDATED BALANCE SHEETS (Unaudited)

($ in thousands)

	12/31/00			3/31/01			6/30/01			9/30/01			12/31/01			3/31/02			6/30/02			9/30/02			12/31/02
ASSETS
Cash and Cash Equivalents	$	178,621		$	192,047		$	228,073		$	278,006		$	308,023		$	222,372		$	195,884		$	300,184		$	192,142
Securities Available For Sale		597,592			559,918			584,638			661,103			840,108			937,381			1,247,516			1,439,480			1,514,141
Loans Held For Sale		44,950			25,422			34,327			33,220			50,208			38,432			27,556			62,055			94,874
Loans:
Commercial		515,926			535,518			632,768			632,768			559,752			566,746			583,557			567,939			568,224
Municipal		83,566			93,848			62,535			108,491			85,479			88,134			44,107			97,912			77,820
Real Estate:
Residential		1,024,174			987,142			997,019			962,420			855,561			926,463			914,141			895,472			861,706
Commercial		723,339			703,336			785,223			799,999			903,819			1,022,858			1,043,889			1,067,702			1,103,897
Construction		57,701			52,814			52,772			66,053			79,801			91,325			78,995			81,232			85,512
Total Real Estate		1,805,214			1,743,292			1,835,014			1,828,472			1,839,181			2,040,646			2,037,025			2,044,406			2,051,115
Consumer		451,392			429,588			405,185			384,865			353,765			324,292			301,634			293,248			276,704
Total Loans		2,856,098			2,802,246			2,935,502			2,954,596			2,838,177			3,019,818			2,966,323			3,003,505			2,973,863
Less: Allowance for Loan Losses		(40,255	)		(39,546	)		(44,541	)		(45,261	)		(45,268	)		(49,384	)		(48,994	)		(48,187	)		(48,197	)
Net Loans		2,815,843			2,762,700			2,890,961			2,909,120			2,792,909			2,970,434			2,917,329			2,955,318			2,925,666
Other Real Estate Owned		513			328			625			298			703			351			230			—			158
Goodwill		15,721			10,666			30,693			30,017			29,341			58,249			58,249			55,911			55,257
Other Assets		116,621			121,616			128,712			123,527			132,422			138,590			148,808			152,835			138,306
Total Assets	$	3,769,861		$	3,672,697		$	3,898,029		$	4,035,291		$	4,153,714		$	4,365,809		$	4,595,572		$	4,965,783		$	4,920,544
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Deposits:
Demand	$	530,975		$	481,119		$	567,788		$	575,821		$	620,828		$	597,680		$	627,498		$	681,595		$	684,077
Savings		302,122			304,131			338,093			343,722			346,974			389,504			393,025			397,545			400,616
NOW and Money Market Accounts		1,632,105			1,597,920			1,706,291			1,800,877			1,870,835			1,993,050			1,922,452			2,162,630			2,118,539
Certificates of Deposit less than $100,000		615,336			617,988			644,701			634,815			634,992			674,653			682,636			691,873			691,467
Certificates of Deposit $100,000 and over		211,869			222,097			195,832			206,401			196,217			229,536			198,607			237,948			231,393
Total Deposits		3,292,407			3,223,255			3,452,705			3,561,636			3,669,846			3,884,424			3,824,218			4,171,591			4,126,092
Borrowings		93,757			45,425			45,422			45,415			44,409			45,182			177,729			178,189			173,654
Company Obligated, Manditorily Redeemable
Securities of Subsidiary Trust		—			—			—			—			—			—			125,000			125,000			125,000
Accrued Expenses and Other Liabilities		41,631			58,641			50,969			62,792			68,805			61,832			69,298			76,651			77,006
Total Liabilities		3,427,795			3,327,321			3,549,096			3,669,843			3,783,060			3,991,437			4,196,245			4,551,431			4,501,752
Total Stockholders' Equity		342,066			345,376			348,933			365,448			370,654			374,372			399,327			414,352			418,792
Total Liabilities and Stockholders' Equity	$	3,769,861		$	3,672,697		$	3,898,029		$	4,035,291		$	4,153,714		$	4,365,809		$	4,595,572		$	4,965,783		$	4,920,544

CHITTENDEN CORPORATION

Consolidated Statements of Income (Unaudited)

For the three months ended,

($ in thousands)

	12/31/00		03/31/01		06/30/01		09/30/01		12/31/01		03/31/02			06/30/02		09/30/02			12/31/02
Interest Income:
Interest on Loans	$	62,337	$	58,108	$	57,955	$	56,507	$	51,091	$	48,327		$	49,656	$	48,734		$	47,404
Interest on Investments		9,976		10,031		9,931		10,313		12,561		12,913			15,448		18,133			18,404
Total Interest Income		72,313		68,139		67,886		66,820		63,652		61,240			65,104		66,867			65,808
Interest Expense:
Deposits		28,939		26,970		24,430		22,548		19,097		16,063			15,283		14,472			12,994
Borrowings		2,090		993		772		694		688		663			1,484		2,734			2,710
Total Interest Expense		31,029		27,963		25,202		23,242		19,785		16,726			16,767		17,206			15,704
Net Interest Income		41,284		40,176		42,684		43,578		43,867		44,513			48,337		49,661			50,104
Provision for Loan Losses		2,175		1,950		2,041		2,025		2,025		2,075			1,691		2,315			2,250
Net Interest Income after Provision
for Loan Losses		39,109		38,226		40,643		41,553		41,842		42,438			46,646		47,346			47,854
Noninterest Income:
Investment Management Income		3,467		3,376		3,849		4,334		4,163		3,972			3,913		3,865			3,851
Service Charges on Deposit Accounts		3,485		3,349		3,705		3,570		3,670		3,754			4,098		4,067			4,107
Gains on Sales of Loans, Net		833		4,940		1,945		1,916		2,406		2,755			1,860		2,086			3,366
Credit Card Income, Net		1,364		1,000		1,114		927		923		792			897		1,026			941
Insurance Commissions, Net		651		894		834		966		697		937			882		1,185			728
Other		3,158		3,407		3,743		4,221		3,784		3,950			3,913		1,547			6,568
Total Noninterest Income		12,958		16,966		15,190		15,934		15,643		16,160			15,563		13,776			19,561
Noninterest Expense:
Salaries and Employee Benefits		16,059		17,785		18,452		19,447		19,167		20,832			22,450		22,128			22,662
Net Occupancy Expense		3,849		4,735		4,260		4,308		4,441		4,921			4,859		4,766			4,980
Other Real Estate Owned, Net		67		39		8		21		18		(168	)		7		(115	)		(17	)
Amortization of Intangibles		520		512		741		855		855		235			348		348			348
Other		10,790		9,644		10,111		10,115		10,246		10,226			10,933		9,919			11,882
Total Noninterest Expense		31,285		32,715		33,572		34,746		34,727		36,046			38,597		37,046			39,855
Income Before Income Taxes		20,782		22,477		22,261		22,741		22,758		22,552			23,612		24,076			27,560
Income Tax Expense		5,905		7,965		7,935		7,930		7,906		7,730			8,297		8,364			9,764
Net Income		14,877	$	14,512	$	14,326	$	14,811	$	14,852	$	14,822		$	15,315	$	15,712		$	17,796

CHITTENDEN CORPORATION

Selected Financial Data (Unaudited)

($ in thousands, except share and per share data)

	QTD 12/31/2000		QTD 03/31/2001		QTD 06/30/2001		QTD 09/30/2001		QTD 12/31/2001		QTD 03/31/2002		QTD 06/30/2002		QTD 09/30/2002		QTD 12/31/2002
Book Value per Common Share	$	10.49	$	10.73	$	10.88	$	11.41	$	11.56	$	11.63	$	12.39	$	12.97	$	13.11
Tangible Book Value Per Share		10.00		10.26		9.79		10.34		10.52		9.50		10.27		10.91		11.09
Common Shares Outstanding		32,621,355		32,178,013		32,061,910		32,025,220		32,070,446		32,180,488		32,235,058		31,940,640		31,939,470
CREDIT QUALITY
Nonperforming Assets (including OREO)		11,889		11,888		13,314		14,958		13,077		14,070		10,872		16,415		14,960
90 Days past due and still accruing		4,595		4,318		3,082		3,400		4,583		3,430		2,477		3,213		2,953
Total		16,484		16,206		16,396		18,358		17,660		17,500		13,349		19,628		17,913
Nonperforming Assets to Loans Plus OREO		0.42%		0.42%		0.45%		0.50%		0.46%		0.46%		0.36%		0.54%		0.49%
Allowance to Loans		1.41%		1.41%		1.52%		1.53%		1.59%		1.61%		1.64%		1.57%		1.57%
Allowance to Nonperforming Loans (excluding OREO)		353.86%		342.09%		351.02%		308.74%		365.83%		359.97%		460.38%		293.56%		325.64%
Net Charge-off Ratio		0.07%		0.09%		0.04%		0.04%		0.07%		0.03%		0.07%		0.10%		0.07%
QTR Average Balance Sheet Data
Loans, Net		2,879,986		2,791,707		2,891,964		2,951,718		2,854,543		2,883,072		2,997,613		2,988,405		3,007,081
Earning Assets		3,543,882		3,453,851		3,567,430		3,700,113		3,855,444		3,923,707		4,163,108		4,443,815		4,588,801
Total Assets		3,751,586		3,658,274		3,796,249		3,937,682		4,091,763		4,172,820		4,436,263		4,727,637		4,869,802
Deposits		3,256,504		3,193,635		3,341,300		3,482,122		3,610,085		3,691,793		3,851,574		3,951,162		4,088,425
Stockholders' Equity		338,316		343,077		345,566		355,764		370,032		374,148		385,039		405,783		413,449
Earnings Per Share, Basic		0.45		0.45		0.45		0.46		0.46		0.46		0.48		0.49		0.56
Earnings Per Share, Diluted		0.45		0.44		0.44		0.46		0.46		0.46		0.47		0.48		0.55
Dividends Per Share		0.19		0.19		0.19		0.19		0.19		0.19		0.20		0.20		0.20
Weighted Average Common Shares Outstanding		32,789,048		32,448,558		32,123,233		32,047,482		32,039,223		32,134,266		32,218,570		32,132,628		31,939,820
Weighted Average Common and Common
Equivalent Shares Outstanding		33,041,273		32,795,994		32,490,203		32,442,906		32,420,335		32,537,191		32,684,149		32,539,799		32,259,266
Return on Average Equity		17.49%		17.15%		16.63%		16.52%		15.92%		16.07%		15.95%		15.36%		17.08%
Return on Average Assets		1.58%		1.61%		1.51%		1.49%		1.44%		1.44%		1.38%		1.32%		1.45%
Net Yield on Earning Assets		4.70%		4.78%		4.87%		4.76%		4.59%		4.61%		4.69%		4.49%		4.38%
Tier 1 Capital Ratio		10.82%		11.12%		9.88%		9.94%		10.32%		9.15%		12.60%		12.04%		12.25%
Total Capital Ratio		12.08%		12.38%		11.13%		11.19%		11.57%		10.40%		13.85%		13.29%		13.50%
Leverage Ratio		8.65%		8.97%		8.13%		8.05%		7.99%		7.28%		9.95%		9.37%		9.28%

CHITTENDEN CORPORATION

AVERAGE BALANCE SHEETS

For the three Months Ending December 31,	2002					2001
	Average Balance		Interest Income/ Expense (1)		Average Yield/ Rate (1)	Average Balance		Interest Income/ Expense (1)		Average Yield/ Rate (1)
Assets	(in thousands)
Interest-earning assets:
Loans:
Commercial	$	562,131	$	8,197	5.79%	$	581,032	$	9,615	6.57%
Municipals		92,975		827	3.56%		100,003		1,249	5.00%
Real estate:
Residential		948,743		14,800	6.22%		926,480		16,353	7.04%
Commercial		1,074,865		16,869	6.23%		851,017		15,499	7.23%
Construction		90,448		1,611	7.07%		74,636		1,535	8.16%
Total real estate		2,114,056		33,280	6.26%		1,852,133		33,387	7.17%
Consumer		286,459		5,397	7.48%		366,884		7,265	7.86%
Total loans		3,055,621		47,701	6.20%		2,900,052		51,516	7.06%
Investments:
Taxable		1,486,762		18,173	4.89%		886,572		12,175	5.49%
Tax-favored securities		36,759		260	2.80%		56,422		455	3.20%
Interest-bearing deposits in banks		225		1	2.44%		225		2	3.42%
Federal funds sold		9,434		42	1.79%		12,174		58	1.90%
Total interest-earning assets		4,588,801		66,177	5.74%		3,855,445		64,206	6.63%
Noninterest-earning assets		329,541					281,826
Allowance for loan losses		(48,540)					(45,508)
Total assets	$	4,869,802				$	4,091,763
Liabilities and stockholders’ equity
Interest-bearing liabilities:
Savings	$	398,065	$	804	0.80%	$	342,753	$	1,294	1.50%
NOW and Money Market Accounts		2,094,903		5,591	1.06%		1,838,006		8,658	1.87%
Certificates of Deposit less than $100,000		692,353		5,214	2.99%		635,674		7,227	4.51%
Certificates of Deposit $100,000 and over		234,980		1,385	2.34%		201,134		1,919	3.79%
Total interest-bearing deposits		3,420,301		12,994	1.51%		3,017,567		19,098	2.51%
Borrowings		171,409		1,557	3.60%		45,231		687	6.03%
Obligated Manditorily Redeemable Capital
Securities of Subsidiary Trust		125,000		1,153	3.66%		0		0	0.00%
Total interest-bearing liabilities		3,716,710		15,704	1.68%		3,062,798		19,785	2.56%
Noninterest-bearing liabilities:
Demand deposits		668,124					592,519
Other liabilities		71,519					66,415
Total liabilities		4,456,353					3,721,732
Stockholders’ equity		413,449					370,031
Total liabilities and stockholders’ equity	$	4,869,802				$	4,091,763
Net interest income			$	50,473				$	44,421
Interest rate spread (2)					4.06%					4.07%
Net yield on earning assets (3)					4.38%					4.59%

(1) On a fully taxable equivalent basis. Calculated using a Federal income tax rate of 35%. Loan income includes fees.

(2) Interest rate spread is the average rate earned on total interest-earning assets less the average rate paid on interest-bearing liabilities.

(3) Net yield on earning assets is net interest income divided by total interest-earning assets.

CHITTENDEN CORPORATION

AVERAGE BALANCE SHEETS

For the Year Ending December 31,	2002					2001
	Average Balance		Interest Income/ Expense (1)		Average Yield/ Rate (1)	Average Balance		Interest Income/ Expense (1)		Average Yield/ Rate (1)
Assets	(in thousands)
Interest-earning assets:
Loans:
Commercial	$	565,153	$	33,998	6.02%	$	571,310	$	44,477	7.79%
Municipals		90,422		3,683	4.07%		97,965		5,766	5.89%
Real estate:
Residential		940,161		61,741	6.57%		1,003,199		76,294	7.61%
Commercial		1,028,853		65,951	6.41%		781,778		62,298	7.97%
Construction		85,149		6,536	7.68%		59,220		4,848	8.19%
Total real estate		2,054,163		134,228	6.53%		1,844,197		143,440	7.78%
Consumer		308,230		23,522	7.63%		401,798		31,918	7.94%
Total loans		3,017,968		195,431	6.48%		2,915,270		225,601	7.74%
Investments:
Taxable		1,232,543		64,238	5.21%		682,494		41,200	6.04%
Tax-favored securities		22,065		694	3.15%		30,304		1,394	4.60%
Interest-bearing deposits in banks		225		7	3.06%		225		8	3.63%
Federal funds sold		9,323		162	1.74%		16,005		632	3.95%
Total interest-earning assets		4,282,124		260,532	6.08%		3,644,298		268,835	7.38%
Noninterest-earning assets		318,293					270,091
Allowance for loan losses		(48,538)					(43,372)
Total assets	$	4,551,879				$	3,871,017
Liabilities and stockholders’ equity
Interest-bearing liabilities:
Savings	$	387,080	$	4,125	1.07%	$	325,824	$	6,585	2.02%
NOW and money market deposits		1,985,722		25,981	1.31%		1,695,038		44,932	2.65%
Certificates of deposit under $100,000		676,350		22,684	3.35%		630,779		31,443	4.98%
Certificates of deposit $100,000 and over		223,511		6,023	2.69%		210,134		10,086	4.80%
Total interest-bearing deposits		3,272,663		58,813	1.80%		2,861,775		93,046	3.25%
Borrowings		117,063		4,752	4.06%		52,752		3,146	5.97%
Obligated Manditorily Redeemable Capital
Securities of Subsidiary Trust		77,055		2,839	3.68%		0		0	0.00%
Total interest-bearing liabilities		3,466,781		66,404	1.92%		2,914,527		96,192	3.30%
Noninterest-bearing liabilities:
Demand deposits		624,305					545,664
Other liabilities		66,053					57,297
Total liabilities		4,157,139					3,517,488
Stockholders’ equity		394,740					353,529
Total liabilities and stockholders’ equity	$	4,551,879				$	3,871,017
Net interest income			$	194,128				$	172,643
Interest rate spread (2)					4.16%					4.08%
Net yield on earning assets (3)					4.53%					4.74%

(1) On a fully taxable equivalent basis. Calculated using a Federal income tax rate of 35%. Loan income includes fees.

(2) Interest rate spread is the average rate earned on total interest-earning assets less the average rate paid on interest-bearing liabilities.

(3) Net yield on earning assets is net interest income divided by total interest-earning assets.