FINANCIAL INSTNS INC

Ticker: FISI CUSIP: 317585404 Class: Common Stock

DELPHI MANAGEMENT INC /MA/'s Holding History (CIK: 0000767684)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 23,820 Value ($000) $599 Avg Close $15.42 Range $14.18 - $17.20

Q3 2014

Shares 22,195 Value ($000) $499 Avg Close $14.45 Range $13.60 - $15.62

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	23,820	$599	$15.42	$14.18 - $17.20
Q3 2014	22,195	$499	$14.45	$13.60 - $15.62