Sheraton

Boston, MA · Charter 21970

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.

Boston, MA · Charter 21970

Q4 1998

$4.0MAssets

$1.5MLoans

$3.5MShares

n/aNet Worth

Return on Assets (YTD, annualized)

3.93%+7 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	3.99%	4.14%	3.27%	3.86%	4.11%	3.90%	3.59%	3.93%	+7 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	-2.91%	-0.33%	0.46%	8.01%	8.39%	3.99%	+432 bps
Loan Growth (YoY)	n/a	n/a	-9.34%	-7.64%	-0.57%	10.98%	20.83%	5.32%	+1,297 bps
Share Growth (YoY)	n/a	n/a	-5.00%	-2.96%	-1.99%	7.93%	7.15%	2.89%	+585 bps
Asset Quality
Delinquent Loans / Loans	1.32%	1.04%	0.43%	0.42%	0.41%	0.21%	0.26%	1.50%	+108 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	6.68%	6.36%	6.22%	5.71%	5.14%	4.13%	4.23%	4.50%	-120 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	41.35%	46.47%	39.32%	41.93%	41.95%	47.78%	44.33%	42.92%	+99 bps
Liquid Assets / Assets	61.98%	61.33%	61.19%	59.10%	57.54%	45.99%	55.80%	60.62%	+152 bps