Delaware Valley

Newark, DE · Charter 20803

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.

Newark, DE · Charter 20803

Q4 1998

$4.7MAssets

$2.4MLoans

$4.2MShares

n/aNet Worth

Return on Assets (YTD, annualized)

1.85%-67 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	2.33%	2.61%	2.98%	2.53%	1.76%	2.10%	1.91%	1.85%	-67 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	5.65%	0.71%	1.91%	-4.62%	-5.04%	2.31%	+160 bps
Loan Growth (YoY)	n/a	n/a	24.55%	-11.57%	-28.61%	-9.33%	-5.28%	-2.13%	+945 bps
Share Growth (YoY)	n/a	n/a	5.01%	0.42%	1.76%	-6.31%	-5.29%	3.45%	+304 bps
Asset Quality
Delinquent Loans / Loans	0.16%	0.24%	0.04%	0.37%	0.89%	0.67%	0.79%	0.72%	+35 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	0.98%	1.21%	1.26%	1.56%	1.74%	1.30%	1.19%	1.10%	-46 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	73.00%	68.62%	57.24%	60.48%	51.22%	66.40%	57.25%	57.22%	-326 bps
Liquid Assets / Assets	15.53%	37.23%	43.81%	41.99%	46.51%	28.29%	36.01%	41.46%	-53 bps