N W Employees

Seattle, WA · Charter 13038

Q4 1997

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: Q4 1997, the quarter ended December 31, 1997, 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.

Seattle, WA · Charter 13038

Q4 1997

$1.0MAssets

$586KLoans

$929KShares

n/aNet Worth

Return on Assets (YTD, annualized)

3.55%-84 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	Q2 1994	Q4 1994	Q2 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	YoY Δ	Trend
Earnings
Return on Assets	2.61%	3.31%	3.92%	4.39%	3.67%	4.22%	3.70%	3.55%	-84 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	n/a	n/a	n/a	0.76%	-3.90%	0.05%	7.26%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	-4.24%	-1.85%	-4.65%	-16.06%	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	-1.43%	-6.12%	-1.80%	6.42%	n/a
Asset Quality
Delinquent Loans / Loans	0.07%	1.19%	2.37%	0.90%	2.03%	1.22%	1.61%	1.53%	+63 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	0.58%	0.82%	1.19%	1.55%	1.34%	0.75%	0.85%	1.05%	-50 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	79.82%	82.56%	73.99%	79.96%	77.55%	86.32%	71.84%	63.06%	-1,689 bps
Liquid Assets / Assets	23.26%	22.35%	33.90%	28.77%	28.44%	23.75%	36.73%	41.22%	+1,244 bps