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Finger Lakes Bancorp, Inc.
470 Exchange Street, Geneva, NY 14456 * (315) 789-3838
Business Description The company is a savings and loan holding company for the Savings Bank of the Finger Lakes of Geneva New York.
Filing
Information

Not yet
public

To Trade As  FLBC (NASNTL) Industry  Financial (SIC 6712)
Type of Stock Offered Common Shares Filing Date  3/28/00
Domestic Shares Filed 2,156,655 Filing Price  $7.00
Foreign Shares Filed  0 Offering Amount  $15,096,585
Company Shares  2,156,655 Est. Expenses  - -
Selling Shrhldrs Shares  0 Post-IPO Shares  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Friedman, Billings, Ramsey & Co., Inc. Lead Manager (703) 312-9571
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data     12/31/97 12/31/98 12/31/99    
Revenues   - - 15.840 18.645 20.316 - -
Income from Oper.   - - - - - - -
Net Income   - - 0.847 0.724 1.305 - -
E.P.S   - - 0.240 0.200 0.370 - -
Revenue Growth (%)      - - 17.71 8.962   -
Net Income Growth (%)      - - -14.57 80.23   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - 5.35 3.88 6.42 - -
Cash Flow - Oper.     1.05 - -
Cash Flow - Inv.     -19.89 - -
Cash Flow - Fin.     20.56 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/99 Financial Ratios
Total Assets    301.24 Current Assets    - Current Ratio    -
Total Liab.    281.86 Current Liab.    - Debt Ratio    93.57%
Total Equity    19.38 Working Cap.    - Debt to Equity Ratio    14.54
Cash    6.09    Return on Assets   0.43%
Use Of
Proceeds
The proceeds from the proposed offering will be used to expand branch networks and offering new products and banking services.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Luse Lehman Gorman Pomerenk & Schick
Bank's Law Firm  Nixon Hargrave Devans & Doyle
Registrar/Transfer Agent  American Stock Transfer & Trust Co
Auditor  KPMG LLC
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Last updated: 8/25/00 7:27:10 PM
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