Financial Highlights

BERKSHIRE HILLS BANCORP, INC. (NASDAQ - BHLB)

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

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Balance Sheet ($000)
	2009 Q4	2008 Q4	Y-Y Ch (%)	2009 Q3	Q-Q Ch (%)^†
Loans Held for Investment, before Reserves	1,961,658	2,007,152	(2.27)	1,986,184	(4.94)
Loans Held for Sale, before Reserves	4,146	1,768	134.50	1,500	705.60
Loan Loss Reserve	31,816	22,908	38.89	24,297	123.78
Net Loans Receivable	1,933,988	1,986,012	(2.62)	1,963,387	(5.99)
Intangible Assets	176,100	178,830	(1.53)	176,880	(1.76)
Total Assets	2,700,424	2,666,729	1.26	2,680,634	2.95
Deposits	1,986,762	1,829,580	8.59	1,966,818	4.06
Debt, Senior and Subordinated	306,668	374,621	(18.14)	275,023	46.03
Common Equity	384,581	371,603	3.49	410,305	(25.08)
Total Shareholders' Equity	384,581	408,425	(5.84)	410,305	(25.08)
Shares Outstanding (actual)	13,916,000	12,253,444	13.57	13,928,474	(0.36)

Income Statement ($000)
	2009 Q4	2008 Q4	Y-Y Ch (%)	2009 Q3	Q-Q Ch (%)^†
Net Interest Income	17,996	19,470	(7.57)	17,165	19.36
Provision for Loan Losses	38,730	1,400	2,666.43	4,300	3,202.79
Noninterest Income	4,652	6,377	(27.05)	7,264	(143.83)
Noninterest Expense	21,196	17,256	22.83	18,944	47.55
Net Income Before Taxes	(37,278)	7,191	NM	1,181	NM
Provision for Taxes	(13,075)	1,985	NM	(741)	6,658.03
Net Income	(24,203)	5,206	NM	1,922	NM

Per Share Items ($)
	2009 Q4	2008 Q4	Y-Y Ch (%)	2009 Q3	Q-Q Ch (%)^†
Book Value per Share	27.64	30.33	(8.87)	29.46	(24.71)
Tangible Book Value	14.98	15.73	(4.77)	16.76	(42.40)
Diluted EPS Before Extra	(1.75)	0.44	NM	0.14	NM
Diluted EPS After Extra	(1.75)	0.44	NM	0.14	NM
Dividends Declared	0.1600	0.1600	0.00	0.1600	0.00

Performance Ratios (%)
	2009 Q4	2008 Q4	Y-Y Ch (bp)	2009 Q3	Q-Q Ch (bp)
ROAA	(3.55)	0.79	(434)	0.29	(384)
ROAE	(23.26)	5.62	(2,888)	1.86	(2,512)
Net Interest Margin	3.05	3.41	(36)	2.96	9
Loans / Deposits	98.74	109.71	(1,097)	100.98	(225)
Efficiency Ratio	80.61	62.24	1,837	72.49	812

Balance Sheet Ratios (%)
	2009 Q4	2008 Q4	Y-Y Ch (bp)	2009 Q3	Q-Q Ch (bp)
Tangible Equity/ Tangible Assets	8.26	9.23	(97)	9.32	(106)
Equity/ Assets	14.24	15.32	(107)	15.31	(106)
Asset Quality Ratios (%)
	2009 Q4	2008 Q4	Y-Y Ch (bp)	2009 Q3	Q-Q Ch (bp)
Nonperforming Assets/ Assets	1.43	0.48	95	0.85	58
Loan Loss Reserves/ Gross Loans	1.62	1.14	48	1.22	40
Loan Loss Reserves/ NPAs	NA	113.83	NA	52.04	NA
Net Charge-offs/ Avg Loans	6.26	0.27	598	0.60	566

Regulatory Capital Ratios (%)
	2009 Q4	2008 Q4	Y-Y Ch (bp)	2009 Q3	Q-Q Ch (bp)
Tier 1 Capital Ratio	NA	11.20	NA	11.09	NA

^† 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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