Gulf States

Maitland, FL · Charter 13996

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.

Maitland, FL · Charter 13996

Q2 1999

$17.2MAssets

$11.3MLoans

$14.5MShares

n/aNet Worth

Return on Assets (YTD, annualized)

2.76%-60 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	4.03%	3.53%	3.68%	3.36%	3.73%	3.15%	3.08%	2.76%	-60 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	-7.99%	-1.12%	7.03%	-1.37%	-3.54%	-3.64%	-6.41%	-1,345 bps
Loan Growth (YoY)	n/a	12.00%	8.39%	5.22%	6.21%	7.19%	-0.16%	-9.70%	-1,492 bps
Share Growth (YoY)	n/a	-10.78%	-2.87%	5.86%	-3.05%	-5.35%	-5.46%	-7.58%	-1,344 bps
Asset Quality
Delinquent Loans / Loans	0.18%	0.00%	0.10%	0.34%	0.52%	0.52%	0.37%	0.59%	+25 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	0.86%	0.71%	0.57%	0.50%	0.50%	0.46%	0.45%	0.49%	-1 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	79.58%	77.69%	80.27%	79.86%	87.19%	87.98%	84.77%	78.03%	-183 bps
Liquid Assets / Assets	22.61%	24.57%	22.97%	24.17%	18.30%	17.82%	19.94%	26.28%	+211 bps