Beverly National 8-K Regulation FD Disclosure

Annual Meeting

May 28, 2009

Beverly National Corporation

Exhibit 99.1

Agenda

Agenda

Economic Update

Economic Update

Industry Update

Industry Update

2008 Financial Performance

2008 Financial Performance

1

1

st

Qtr 2009 Financial Performance

Qtr 2009 Financial Performance

Loan Portfolio and Asset Quality Review

Loan Portfolio and Asset Quality Review

Challenges for 2009

Challenges for 2009

Questions and Answers

Questions and Answers

Economic Update

Economic Update

Recession –

Recession –

December 2007

December 2007

Interest Rate Stabilization

Interest Rate Stabilization

Rising Unemployment

Rising Unemployment

Home Values and Sales

Home Values and Sales

Commercial Activity

Commercial Activity

Industry

Industry

Update

Update

(cont.)

Bank Closures

Bank Closures

FDIC Insurance Premiums and Limits

FDIC Insurance Premiums and Limits

Stress Testing of Big Banks

Stress Testing of Big Banks

Capital Management

Capital Management

Future of Regulatory Environment

Future of Regulatory Environment

What Next?

What Next?

2008 In Review

2008 In Review

Core Earnings

Core Earnings

Asset Quality

Asset Quality

Adjusting to Market Conditions

Adjusting to Market Conditions

Impact of Economic Uncertainty

Impact of Economic Uncertainty

Back to Basics

Back to Basics

Financial Highlights

Financial Highlights

9.89%

9.89%

3.79%

3.79%

9.68%

9.68%

3.74%

3.74%

8.45%

8.45%

3.95%

3.95%

Capital to Asset Ratio

Capital to Asset Ratio

Net Interest Margin

Net Interest Margin

$46,178

$46,178

$45,765

$45,765

$41,038

$41,038

Total Capital

Total Capital

$16.93

$16.93

$17.38

$17.38

$15.41

$15.41

Book Value (at end of period)

Book Value (at end of period)

$47,000

$47,000

$59,616

$59,616

$84,425

$84,425

Borrowed Funds

Borrowed Funds

$16,372

$16,372

$11,638

$11,638

$13,289

$13,289

Repurchase Agreements

Repurchase Agreements

$467,144

$467,144

$472,791

$472,791

$485,505

$485,505

Total Assets

Total Assets

$350,310

$350,310

$321,970

$321,970

$118,798

$118,798

12/31/07

12/31/07

$352,858

$352,858

$305,711

$305,711

$115,717

$115,717

12/31/06

12/31/06

$339,533

$339,533

Total Deposits

Total Deposits

$338,766

$338,766

Total Loans

Total Loans

$108,262

$108,262

Total Investments

Total Investments

12/31/08

12/31/08

($ in thousands except per share data)

($ in thousands except per share data)

Net

Net

Income

Income

Analysis

Analysis

$0

$0

$4,118

$4,118

Non-recurring items, net of tax

Non-recurring items, net of tax

$3,570

$3,570

$3,951

$3,951

Adjusted Net Income

Adjusted Net Income

$3,570

$3,570

($167)

($167)

Net Income as reported

Net Income as reported

12/31/07

12/31/07

12/31/08

12/31/08

($ in thousands except per share data)

($ in thousands except per share data)

(0.38)%

(0.38)%

(0.03)%

(0.03)%

$0

$0

($.06)

($.06)

As reported

As reported

Adjusted

Adjusted

0.77%

0.77%

0.82%

0.82%

ROA

ROA

8.88%

8.88%

$1.48

$1.48

$1.48

$1.48

7.69%

7.69%

ROE

ROE

$1.30

$1.30

Fully diluted

Fully diluted

$1.31

$1.31

Basic

Basic

As reported

As reported

EPS

EPS

2009

2009

1

1

st

Qtr Financial Performance

Qtr Financial Performance

8.45%

8.45%

3.95%

3.95%

$15.41

$15.41

$41,038

$41,038

$13,289

$13,289

$84,425

$84,425

$339,533

$339,533

$338,766

$338,766

$108,262

$108,262

$485,505

$485,505

12/31/08

12/31/08

9.46%

9.46%

3.79%

3.79%

8.61%

8.61%

4.35%

4.35%

Capital to Asset Ratio

Capital to Asset Ratio

Net Interest Margin

Net Interest Margin

$46,153

$46,153

$41,752

$41,752

Total Capital

Total Capital

$17.33

$17.33

$15.68

$15.68

Book Value (at end of period)

Book Value (at end of period)

$67,715

$67,715

$58,062

$58,062

Borrowed Funds

Borrowed Funds

$9,746

$9,746

$27,956

$27,956

Repurchase Agreements

Repurchase Agreements

$487,868

$487,868

$484,708

$484,708

Total Assets

Total Assets

$349,669

$349,669

$337,312

$337,312

$110,810

$110,810

03/31/09

03/31/09

(unaudited)

(unaudited)

$359,172

$359,172

$334,403

$334,403

$126,098

$126,098

03/31/08

03/31/08

(unaudited)

(unaudited)

Total Deposits

Total Deposits

Total Loans

Total Loans

Total Investments

Total Investments

($ in thousands except per share

($ in thousands except per share

data)

data)

Financial Highlights

Financial Highlights

$283

$283

$367

$367

Income Taxes

Income Taxes

$3,942

$3,942

$4,160

$4,160

Non-interest Expense

Non-interest Expense

$1,193

$1,193

$1,292

$1,292

Income before Income Taxes

Income before Income Taxes

$3,953

$3,953

$4,488

$4,488

Net after Provision for Loan Losses

Net after Provision for Loan Losses

$1,182

$1,182

$964

$964

Non-interest Income

Non-interest Income

$6,708

$6,708

$6,280

$6,280

Interest and Dividend Income

Interest and Dividend Income

$925

$925

$225

$225

$4,713

$4,713

$1,567

$1,567

03/31/09

03/31/09

(unaudited)

(unaudited)

$910

$910

$128

$128

$4,081

$4,081

$2,627

$2,627

03/31/08

03/31/08

(unaudited)

(unaudited)

Net after Income Taxes

Net after Income Taxes

Provision for Loan Losses

Provision for Loan Losses

Net Interest & Dividend Income

Net Interest & Dividend Income

Interest Expense

Interest Expense

($ in thousands)

($ in thousands)

Net Income Analysis

Net Income Analysis

03/31/08

03/31/08

(unaudited)

(unaudited)

03/31/09

03/31/09

(unaudited)

(unaudited)

7.92%

7.92%

8.97%

8.97%

Return on Average Equity

Return on Average Equity

$0.34

$0.34

$0.34

$0.34

0.77%

0.77%

$0.35

$0.35

$0.35

$0.35

0.77%

0.77%

EPS

EPS

Basic

Basic

Diluted

Diluted

Return on Average Assets

Return on Average Assets

Net

Net

Income

Income

Analysis

Analysis

22%

10%

37%

30%

1%

Total Residential Mortgages

Total Consumer Loans & Home Equity

Commercial & Industrial + Owner-Occupied

Comm'l RE

Total Commercial Mortgages (Non- Owner

Occupied Real Estate)

Total Commercial Construction Loans

Loan Composition

Loan Composition

($ in millions)

($ in millions)

Commercial & Industrial

Commercial & Industrial

by Industry Segment

by Industry Segment

($ in millions)

($ in millions)

18%

26%

15%

9%

11%

5%

11%

4%

1%

Schools/Educational Facilities

Retail Sales

Medical (Healthcare)

Manufacturing

Professional Services

Small Contractors/ Developers

Restaurants/ Franchise Lending

Wholesale Sales/ Warehousing

Specialty

Allowance for Loan Loss

Allowance for Loan Loss

$2

$2

0.0%

0.0%

$960

$960

$0

$0

0.36%

0.36%

$585

$585

$2,514

$2,514

0.9%

0.9%

$269,770

$269,770

$(252)

$(252)

2005

2005

$16

$16

0.01%

0.01%

$1,118

$1,118

$0

$0

0.37%

0.37%

$590

$590

$3,044

$3,044

1.0%

1.0%

$305,711

$305,711

$(3)

$(3)

2006

2006

$529

$529

0.22%

0.22%

$942

$942

$0

$0

0.40%

0.40%

$560

$560

$2,181

$2,181

0.9%

0.9%

$236,811

$236,811

$(562)

$(562)

2004

2004

$174

$174

0.05%

0.05%

$2,200

$2,200

$0

$0

.71%

.71%

$225

$225

$4,385

$4,385

1.3%

1.3%

$337,312

$337,312

($1)

($1)

2009

2009

1

1

st

Qtr

Qtr

$259

$259

0.08%

0.08%

$2,293

$2,293

$1

$1

0.71%

0.71%

$395

$395

$3,614

$3,614

1.1%

1.1%

$321,970

$321,970

$175

$175

2007

2007

$186

$186

0.05%

0.05%

$2,472

$2,472

$0

$0

.79%

.79%

Non-Accrual Loans

Non-Accrual Loans

Non-Accrual to Total Loans

Non-Accrual to Total Loans

Delinquencies:

Delinquencies:

30-60 days

30-60 days

60-90 days

60-90 days

Delinquency Ratio

Delinquency Ratio

$814

$814

$4,127

$4,127

1.2%

1.2%

Provision for Loan Loss

Provision for Loan Loss

Allowance for Loan Loss

Allowance for Loan Loss

Percentage of Total Loans

Percentage of Total Loans

$338,766

$338,766

($301)

($301)

Total Loans

Total Loans

Net (Charge-offs)/Recoveries

Net (Charge-offs)/Recoveries

2008

2008

($ in thousands)

($ in thousands)

Deposit

Deposit

Composition

Composition

Demand Deposits

Regular Savings

NOW

Money Market

Time Deposits

2007

2008

25.4%

20.7%

11.9%

16.8%

23.3%

22.1%

23.6%

21.2%

15.4%

12.9%

1.9%

E-Savings

4.8%

Challenges

Challenges

for

for

2009

2009

Rising Unemployment

Rising Unemployment

Continued Recession

Continued Recession

Potential Impact on CRE

Potential Impact on CRE

Regulatory Changes –

Regulatory Changes –

Capital Requirements

Capital Requirements

Special Assessments

Special Assessments

Forward Looking Statements

Forward Looking Statements

*Statements contained in this presentation may contain forward-looking

*Statements contained in this presentation may contain forward-looking

statements within the meaning of the Private Securities Litigation Reform Act

statements within the meaning of the Private Securities Litigation Reform Act

of 1995.  These statements are based on the beliefs and expectations of

of 1995.  These statements are based on the beliefs and expectations of

management as well as the assumptions made using information currently

management as well as the assumptions made using information currently

available to management.  Since these statements reflect the views of

available to management.  Since these statements reflect the views of

management concerning future events, these statements involve risks,

management concerning future events, these statements involve risks,

uncertainties

uncertainties

and

and

assumptions,

assumptions,

including,

including,

among

among

others:

others:

changes

changes

in

in

market

market

interest rates and general and regional economic conditions; changes in

interest rates and general and regional economic conditions; changes in

government regulations; changes in accounting principles; and the quality or

government regulations; changes in accounting principles; and the quality or

composition of the loan and investment portfolios and other factors that may

composition of the loan and investment portfolios and other factors that may

be described in the Company’s quarterly reports of Form 10-Q and its annual

be described in the Company’s quarterly reports of Form 10-Q and its annual

report on Form 10-K, each filed with the Securities and Exchange

report on Form 10-K, each filed with the Securities and Exchange

Commission, which are available at the Securities and Exchange

Commission, which are available at the Securities and Exchange

Commission’s internet website (www.sec.gov) and to which reference is

Commission’s internet website (www.sec.gov) and to which reference is

hereby made.  Therefore, actual future results may differ significantly from

hereby made.  Therefore, actual future results may differ significantly from

results discussed in the forward-looking statements.

results discussed in the forward-looking statements.

Questions and Answers

Questions and Answers