Banking Services

Insurance Agency Services

Glenville Bank HoldingCompany, Inc. (GBHC) is afinancial holding companywhose principal activity isthe ownership of its twowholly-owned subsidiaries,1st National Bank of Scotia(the Bank) and ScautubAgency, LLC (the Agency).The consolidated statementsof condition include accountsof the GBHC, the Bank, andthe Agency, after eliminationof intercompanytransactions.

We understand howimportant good service is todelivering customersatisfaction and are pleasedto have been serving thelocal community since the1920's. 1st National Bank ofScotia and Scautub Agency,LLC offer a wide range ofbanking and insuranceservices to meet all yourfinancial needs. A friendlyofficer or customer servicespecialist will be happy toanswer your questions ordiscuss your needs.

Branch Locations/HoursAll Drive-up windows available 8:30-closing.

Main Office - 370-7200201 Mohawk Avenue, Scotia, NY 12302Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00

Clifton Park-Halfmoon Office - 370-72901693 Route 9, Clifton Park, NY 12065Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00

Colonie Office - 370-72501705 Central Avenue, Albany, NY 12205Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00

Erie Boulevard Office - 370-7265120 Erie Boulevard, Schenectady, NY 12305Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00

Glenville Office - 370-7260240 Saratoga Road, Scotia, NY 12302Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00

Global Research Office - 370-72171 Research Circle, 2A7 Commons,Niskayuna, NY 12309Mon-Fri .............................8:00-1:00 /1:30-4:00

Guilderland Office - 370-72558 New Karner Road, Guilderland, NY 12084Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00

Niskayuna Office - 370-72451476 Balltown Road, Schenectady, NY 12309Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00

Rotterdam Office - 370-72852695 Hamburg Street, Schenectady, NY 12303Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00

Saratoga Office - 370-7270 or 587-16113013 Route 50, Saratoga Springs, NY 12866Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00

Schenectady County Community College78 Washington Avenue, Schenectady, NY 12305

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Deposit Services• Checking Accounts• Corporate Remote Deposit• Savings Accounts• Club Accounts• Certificates of Deposit• Money Market Deposit Accounts• Individual Retirement Accounts• Health Savings Accounts• VISA/MasterCard Merchant Accounts• Online Banking/Online Bill Pay• Corporate Cash Management• Electronic Statements

Loan Services• New and Used Automobile Loans• Boat/RV Loans• VISA/MasterCard Credit Cards• Mortgage Loans• Real Estate Equity Loans• Home Equity Lines of Credit• Commercial Loans• Commercial Lines of Credit

Other Services• Wire Transfers• Safe Deposit Boxes• Moblie Banking• Authorized Overdraft Program

March 31, 2019

MEMBER FDIC

• Personal Lines• Commercial Lines• Public Entities• Life Insurance/Disability• Long Term Care• Fixed Annuities

Insurance and annuity products: Are not deposits. Are notinsured by the FDIC or any other federal government agency.Are not guaranteed by any bank or its affiliates. May godown in value

Visit us online www.scautub.comScautub Office - 346-3427108 North Ballston Avenue, Scotia, NY 12302

Visit us online www.firstscotia.com

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(dollars in thousands)March 31st

2019 2018

Glenville Bank Holding Company, Inc.DirectorsL. H. Buhrmaster .........................................Chairman of the Board

John H. Buhrmaster ...................President & Chief Executive Officer

Laura M. Dieterich .............Sr. Vice President& Corporate Secretary

David D. Montana.....................................................Lead Director

..............................................................President, Fortune Air, Inc.

..................................................Director, Fenimore Asset Management

David L. Schweizer ................................Chairman Audit Commitee

..................................................Treasurer, Funston Wholesale Corp.

.......................................................... Licensed Real Estate Salesperson

Bruce W. McConnelee ..................................Retired - Hydro Mobile

................................................................................Community Liason

Scott D. Stevens ............................President, Dimension Fabricators

Calvin P. Welch ..................................................Honorary Director

Scautub Agency, LLCDirectorsJohn H. Buhrmaster .....................................Chairman of the Board

Robert J. Dieterich .....Chief Executive Officer& Corporate Secretary

Steven H. Heider .......................Owner, Northway Residential Services

David D. Montana.....................................President, Fortune Air, Inc.

..................................................Director, Fenimore Asset Management

1st National Bank of ScotiaOfficersL. H. Buhrmaster .........................................Chairman of the BoardJohn H. Buhrmaster ...................President & Chief Executive OfficerDiane Smith Faubion .................................Executive Vice PresidentRobert J. Dieterich......................................Executive Vice President......................................................................& Chief Financial OfficerAndrew T. Trainor.....................Sr. Vice President & Sr. Loan OfficerLaura M. Dieterich .............Sr. Vice President & Corporate SecretaryKelly A. Gibbons.........................Sr. Vice President of Retail BankingJames J. Smith ..........................................Chief Information OfficerJoan K. O’Brien ..................................................................AuditorKenneth W. Swain III ................................................Vice PresidentGregory N. Phillips ...................................................Vice PresidentJessica R. Petraccione ................................................Vice PresidentKevin R. Buhrmaster .................................................Vice PresidentChristopher R. Hebbard...............Vice President & Sr. Credit OfficerTeresa A. Freeman.....................................................Vice PresidentRebecca D. Dashnaw.................................................Vice PresidentJoyce A. Poulin .........................................................Vice PresidentJohn G. Dykeman...............................Vice President & ComptrollerAmy E. Belli ..............................................................Vice PresidentDaniel A. Centi .........................................................Vice PresidentO. Neil Thomas ........................................................Vice PresidentNancy R. Harrigan ....................................................Vice PresidentDebra A. Lindsay.........................................Assistant Vice PresidentLouis J. Giammatteo....................................Assistant Vice PresidentCheryl F. Hiller............................................Assistant Vice PresidentKaren E. Ballester ........................................Assistant Vice PresidentLisa A. Case.................................................Assistant Vice PresidentTracey J. Kearns ..............................Training & Performance OfficerCynthia A. Siatkowski .......................................Compliance OfficerPremnarine Jaddu ...................................Branch Operations OfficerEric W. Bode ...........................................Branch Operations OfficerTrisha L. Santiago....................................Branch Operations OfficerBrian J. Morini ........................................Branch Operations OfficerKristen D. Faubion..................................Branch Operations OfficerCara K. Pabon .........................................Branch Operations OfficerBetsy Simek-Smith......................................Indirect Lending Officer

Scautub Agency, LLCOfficersRobert J. Dieterich..........................................Chief Executive OfficerEdmund J. Catalano.........................................................PresidentMark D. Massaroni ...................................................Vice PresidentGertrude A. Chojecki................................................Vice President

MMEEMMBBEERR FFEEDDEERRAALL RREESSEERRVVEE SSYYSSTTEEMMDDEEPPOOSSIITTSS IINNSSUURREEDD BBYY TTHHEE

FFEEDDEERRAALL DDEEPPOOSSIITT IINNSSUURRAANNCCEE CCOORRPPOORRAATTIIOONN

Cash and cash equivalents:Cash on hand and deposits from financial institutions .........Interest-bearing deposits from financial institutions.............Total cash and cash equivalents

Debt Securities:Debt securities available-for-sale ..........................................Debt securities held-to-maturity ..........................................Total debt securities .............................................................

Equity Securities with readily determinable fair values...............Loans, net of allowance..............................................................Premises and equipment, net .....................................................Leased Property, net ...................................................................Other real estate owned .............................................................Equity Securities not readily marketable ....................................Cash surrender value of life insurance policies...........................Goodwill....................................................................................Other intangible assets, net ........................................................Other assets ...............................................................................

TOTAL ASSETS ...................................................................

Deposits:Non-interest bearing ............................................................Interest bearing....................................................................Total deposits.......................................................................

Federal Home Loan Bank advances............................................Other borrowings ......................................................................Other liabilities ..........................................................................

TOTAL LIABILITIES ............................................................

Common stock ..........................................................................Additional paid-in capital ..........................................................Retained earnings ......................................................................Accumulated other comprehensive income (loss) ......................Treasury stock,at cost.................................................................Noncontrolling interests in consolidated subsidiaries.................Total Equity Capital ...................................................................

TOTAL LIABILITIES AND EQUITY CAPITAL.......................

$ 7,607 $ 7,95115,921 19,95923,528 27,910

22,853 23,0372,303 2,296

25,156 25,333276 135

414,090 392,7266,517 6,4341,907 1,993

79 1871,800 1,1281,008 901178 178836 892

10,742 10,855$486,117 $468,672

$116,520 $118,546306,759 304,077423,279 422,62315,000 ------3,239 3,5556,825 5,825

448,343 432,003

2 223,102 23,10218,756 16,256(3,800) (2,456)(337) (273)

51 3837,774 36,669

$486,117 $468,672

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Consolidated Statements of Condition

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