Financial Highlights

BERKSHIRE HILLS BANCORP, INC. (NASDAQ - BHLB)

Trend Analysis--Quarterly (click here for Annual Analysis)

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Balance Sheet ($000)
	2009 Q3	2008 Q3	Y-Y Ch (%)	2009 Q2	Q-Q Ch (%)^†
Loans Held for Investment, before Reserves	1,986,184	1,992,367	(0.31)	1,968,779	3.54
Loans Held for Sale, before Reserves	1,500	5,401	(72.23)	8,901	(332.59)
Loan Loss Reserve	24,297	22,886	6.17	22,917	24.09
Net Loans Receivable	1,963,387	1,974,882	(0.58)	1,954,763	1.76
Intangible Assets	176,880	179,668	(1.55)	177,712	(1.87)
Total Assets	2,680,634	2,565,699	4.48	2,681,086	(0.07)
Deposits	1,966,818	1,837,204	7.05	1,951,394	3.16
Debt, Senior and Subordinated	275,023	381,556	(27.92)	297,324	(30.00)
Common Equity	410,305	332,682	23.33	407,551	2.70
Total Shareholders' Equity	410,305	332,682	23.33	407,551	2.70
Shares Outstanding (actual)	13,928,474	10,493,154	32.74	13,916,034	0.36

Income Statement ($000)
	2009 Q3	2008 Q3	Y-Y Ch (%)	2009 Q2	Q-Q Ch (%)^†
Net Interest Income	17,165	19,329	(11.20)	16,724	10.55
Provision for Loan Losses	4,300	1,250	244.00	2,200	381.82
Noninterest Income	7,264	7,231	0.46	7,162	5.70
Noninterest Expense	18,944	17,737	6.80	18,077	19.18
Net Income Before Taxes	1,181	7,577	(84.41)	2,951	(239.92)
Provision for Taxes	(741)	2,301	NM	620	NM
Net Income	1,922	5,276	(63.57)	2,331	(70.18)

Per Share Items ($)
	2009 Q3	2008 Q3	Y-Y Ch (%)	2009 Q2	Q-Q Ch (%)^†
Book Value per Share	29.46	31.71	(7.10)	29.29	2.32
Tangible Book Value	16.76	14.58	14.91	16.52	5.86
Diluted EPS Before Extra	0.14	0.51	(72.55)	(0.08)	NM
Diluted EPS After Extra	0.14	0.51	(72.55)	(0.08)	NM
Dividends Declared	0.1600	0.1600	0.00	0.1600	0.00

Performance Ratios (%)
	2009 Q3	2008 Q3	Y-Y Ch (bp)	2009 Q2	Q-Q Ch (bp)
ROAA	0.29	0.82	(53)	0.35	(6)
ROAE	1.88	6.30	(442)	2.25	(37)
Net Interest Margin	2.96	3.48	(52)	2.91	5
Loans / Deposits	100.98	108.45	(746)	100.89	9
Efficiency Ratio	72.49	62.18	1,031	75.85	(336)

Balance Sheet Ratios (%)
	2009 Q3	2008 Q3	Y-Y Ch (bp)	2009 Q2	Q-Q Ch (bp)
Tangible Equity/ Tangible Assets	9.32	6.41	291	9.18	14
Equity/ Assets	15.31	12.97	234	15.20	11
Asset Quality Ratios (%)
	2009 Q3	2008 Q3	Y-Y Ch (bp)	2009 Q2	Q-Q Ch (bp)
Nonperforming Assets/ Assets	0.85	0.44	41	0.42	43
Loan Loss Reserves/ Gross Loans	1.22	1.15	8	1.16	6
Loan Loss Reserves/ NPAs	51.99	128.10	(7,611)	80.35	(2,836)
Net Charge-offs/ Avg Loans	0.60	0.19	41	0.45	15

Regulatory Capital Ratios (%)
	2009 Q3	2008 Q3	Y-Y Ch (bp)	2009 Q2	Q-Q Ch (bp)
Tier 1 Capital Ratio	11.10	9.38	172	11.25	(15)

^† Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

*	Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.


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