Bay Gulf

Tampa, FL · Charter 11240

Q3 1998

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: Q3 1998, the quarter ended September 30, 1998, 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.

Tampa, FL · Charter 11240

Q3 1998

$81.0MAssets

$57.5MLoans

$73.5MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

3.83%-5 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	Q3 1997	Q4 1997	Q1 1998	Q2 1998	Q3 1998	YoY Δ	Trend
Earnings
Return on Assets	3.88%	3.59%	2.89%	3.60%	3.83%	-5 bps
Return on Equity	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
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Growth
Asset Growth (YoY)	5.89%	11.72%	13.97%	11.96%	13.31%	+742 bps
Loan Growth (YoY)	0.93%	2.53%	2.62%	6.90%	9.19%	+826 bps
Share Growth (YoY)	5.32%	12.19%	14.31%	12.45%	13.46%	+814 bps
Asset Quality
Delinquent Loans / Loans	0.87%	1.06%	0.82%	1.09%	1.74%	+88 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.69%	0.74%	0.82%	0.79%	0.77%	+8 bps
Capital
Risk-Based Capital	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
Liquidity & Funding
Loans / Shares	81.38%	77.63%	73.82%	76.08%	78.32%	-306 bps
Liquid Assets / Assets	7.67%	11.20%	13.67%	10.15%	9.94%	+227 bps