M I I

Clearwater, FL · Charter 19860

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.

Clearwater, FL · Charter 19860

Q4 1998

$726KAssets

$437KLoans

$652KShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

2.78%+50 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 1996	Q2 1997	Q4 1997	Q2 1998	Q4 1998	YoY Δ	Trend
Earnings
Return on Assets	2.27%	3.55%	3.89%	2.30%	2.78%	+50 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)	17.34%	12.89%	9.19%	9.98%	12.16%	-518 bps
Loan Growth (YoY)	31.20%	63.58%	38.03%	33.92%	41.76%	+1,057 bps
Share Growth (YoY)	19.90%	13.30%	9.69%	8.63%	15.85%	-405 bps
Asset Quality
Delinquent Loans / Loans	2.97%	5.97%	4.62%	8.05%	6.29%	+332 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	2.89%	3.27%	3.64%	4.33%	4.99%	+210 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	54.70%	51.72%	61.58%	50.70%	66.93%	+1,223 bps
Liquid Assets / Assets	48.52%	47.36%	13.09%	45.08%	30.07%	-1,845 bps