Pillowtex

Hanover, PA · Charter 16800

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.

Hanover, PA · Charter 16800

Q4 1998

$183KAssets

$63KLoans

$135KShares

n/aNet Worth

Return on Assets (YTD, annualized)

4.00%+44 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 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	Q2 1998	Q4 1998	YoY Δ	Trend
Earnings
Return on Assets	4.90%	4.78%	2.67%	3.56%	4.23%	4.61%	4.33%	4.00%	+44 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	12.41%	35.09%	9.95%	1.76%	11.07%	0.80%	-3,429 bps
Loan Growth (YoY)	n/a	n/a	-1.00%	-5.04%	-0.89%	-14.02%	-24.67%	1.61%	+665 bps
Share Growth (YoY)	n/a	n/a	9.59%	40.29%	7.42%	-2.72%	7.58%	-4.15%	-4,444 bps
Asset Quality
Delinquent Loans / Loans	0.50%	0.00%	0.35%	0.36%	0.59%	0.00%	0.19%	0.45%	+9 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	1.48%	1.00%	0.94%	0.97%	0.99%	0.55%	0.59%	0.45%	-52 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	59.18%	50.29%	53.84%	44.04%	54.60%	44.44%	37.70%	46.68%	+264 bps
Liquid Assets / Assets	46.39%	54.62%	56.81%	55.94%	53.81%	59.90%	62.93%	61.51%	+557 bps