Massachusetts State Grange

Holden, MA · Charter 21953

Q4 1997

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 1997, the quarter ended December 31, 1997, 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.

Holden, MA · Charter 21953

Q4 1997

$114KAssets

$5KLoans

$105KShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

2.34%-4 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 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	YoY Δ	Trend
Earnings
Return on Assets	2.38%	2.74%	2.73%	2.15%	2.34%	-4 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)	n/a	-6.91%	-7.78%	-7.34%	-5.25%	n/a
Loan Growth (YoY)	n/a	-67.30%	-75.38%	-82.04%	-72.65%	n/a
Share Growth (YoY)	n/a	-7.14%	-8.74%	-7.22%	-4.80%	n/a
Asset Quality
Delinquent Loans / Loans	6.60%	21.86%	0.00%	50.91%	100.00%	+9,340 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	8.53%	9.71%	14.96%	52.21%	51.34%	+4,281 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	15.29%	13.76%	7.80%	4.82%	4.39%	-1,090 bps
Liquid Assets / Assets	84.93%	84.46%	88.63%	97.02%	95.49%	+1,056 bps