Marine Systems West

Mukilteo, WA · Charter 21667

Q4 1996

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 1996, the quarter ended December 31, 1996, 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.

Mukilteo, WA · Charter 21667

Q4 1996

$1.7MAssets

$1.4MLoans

$1.4MShares

n/aNet Worth

Return on Assets (YTD, annualized)

3.63%+28 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 1994	Q4 1994	Q2 1995	Q4 1995	Q2 1996	Q4 1996	YoY Δ	Trend
Earnings
Return on Assets	3.39%	3.35%	3.92%	3.55%	2.56%	3.63%	+28 bps
Return on Equity	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
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Growth
Asset Growth (YoY)	n/a	n/a	n/a	n/a	-24.22%	-24.60%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	13.07%	8.83%	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	-27.95%	-29.13%	n/a
Asset Quality
Delinquent Loans / Loans	3.02%	2.03%	1.48%	1.81%	1.56%	1.64%	-38 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	1.30%	1.10%	0.79%	0.55%	0.66%	0.65%	-45 bps
Capital
Risk-Based Capital	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
Liquidity & Funding
Loans / Shares	61.55%	67.94%	88.63%	100.27%	96.60%	104.32%	+3,638 bps
Liquid Assets / Assets	29.34%	35.30%	22.41%	9.89%	14.84%	8.51%	-2,680 bps