Pacific IBM Employees

San Jose, CA · Charter 14338

Q4 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: Q4 1998, the quarter ended December 31, 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.

San Jose, CA · Charter 14338

Q4 1998

$510.1MAssets

$354.7MLoans

$462.2MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

4.41%-13 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 1997	Q1 1998	Q2 1998	Q3 1998	Q4 1998	YoY Δ	Trend
Earnings
Return on Assets	4.54%	4.39%	4.47%	4.54%	4.41%	-13 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)	10.74%	11.46%	12.41%	10.89%	13.26%	+253 bps
Loan Growth (YoY)	19.02%	17.09%	10.24%	6.73%	5.04%	-1,399 bps
Share Growth (YoY)	10.00%	10.95%	11.64%	10.30%	13.29%	+329 bps
Asset Quality
Delinquent Loans / Loans	0.35%	0.37%	0.39%	0.37%	0.37%	+1 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	1.21%	1.24%	1.14%	1.06%	0.97%	-23 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	82.77%	76.57%	77.54%	78.40%	76.74%	-603 bps
Liquid Assets / Assets	10.08%	16.48%	12.23%	12.93%	18.69%	+861 bps