Frelco Employees

Fall River, MA · Charter 10415

Q2 1999

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2

Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 1999, the quarter ended June 30, 1999, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Fall River, MA · Charter 10415

Q2 1999

$4.1MAssets

$3.1MLoans

$3.4MShares

n/aNet Worth

Return on Assets (YTD, annualized)

3.55%+81 bps YoY

Net Interest Margin (YTD, annualized)

n/a

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	Q2 1998	Q4 1998	Q2 1999	YoY Δ	Trend
Earnings
Return on Assets	3.38%	3.78%	3.88%	2.74%	3.58%	11.61%	4.91%	3.55%	+81 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Growth
Asset Growth (YoY)	n/a	-3.31%	0.19%	20.48%	9.88%	7.79%	-9.58%	-22.50%	-4,298 bps
Loan Growth (YoY)	n/a	4.91%	3.26%	0.87%	-7.71%	-4.84%	-14.27%	-16.92%	-1,779 bps
Share Growth (YoY)	n/a	-6.25%	-1.53%	20.80%	9.25%	8.13%	-12.31%	-26.02%	-4,682 bps
Asset Quality
Delinquent Loans / Loans	1.31%	0.74%	0.30%	1.56%	0.22%	0.11%	0.95%	0.53%	-103 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	2.40%	2.30%	1.76%	2.37%	0.96%	1.13%	1.30%	1.26%	-112 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Worth / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Shares	91.84%	95.56%	102.62%	79.55%	77.59%	84.09%	100.32%	89.34%	+979 bps
Liquid Assets / Assets	10.80%	15.22%	10.59%	30.09%	30.88%	24.64%	15.66%	23.67%	-643 bps