M. A. W.

Grantsville, WV · Charter 23112

Q4 2002

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 2002, the quarter ended December 31, 2002, 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.

Grantsville, WV · Charter 23112

Q4 2002

$3KAssets

$0KLoans

$2KShares

$1KNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

-188.76%-19,049 bps YoY

Net Interest Margin (YTD, annualized)

24.48%+1,553 bps YoY

Efficiency Ratio (YTD, annualized)

756%+67,486 bps YoY

Net Worth / Assets

36.35%+529 bps YoY

Year to date, annualized, through each quarter.

Metric	Q2 2001	Q4 2001	Q2 2002	Q3 2002	Q4 2002	YoY Δ	Trend
Earnings
Return on Assets	1.74%	0.40%	-9.55%	-35.69%	-188.76%	-19,049 bps
Return on Equity	5.59%	1.05%	-24.61%	-51.37%	-519%	-52,483 bps
Net Interest Margin	8.96%	12.81%	8.43%	13.88%	24.48%	+1,553 bps
Efficiency Ratio	80.70%	96.89%	213%	357%	756%	+67,486 bps
Growth
Asset Growth (YoY)	-6.18%	-10.24%	-31.37%	-64.30%	-86.45%	-8,027 bps
Loan Growth (YoY)	44.04%	-21.17%	-78.39%	-88.82%	-100.00%	-14,404 bps
Share Growth (YoY)	-6.26%	-5.09%	-34.62%	-82.74%	-87.37%	-8,111 bps
Asset Quality
Delinquent Loans / Loans	6.46%	8.18%	26.00%	50.17%	n/a	n/a
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	7.53%	11.90%	36.86%	37.39%	n/a	n/a
Capital
Risk-Based Capital	31.06%	37.80%	38.80%	69.47%	36.35%	+529 bps
Net Worth / Assets	31.06%	37.80%	38.80%	69.47%	36.35%	+529 bps
Liquidity & Funding
Loans / Shares	120.14%	103.41%	39.12%	63.62%	0.00%	-12,014 bps
Liquid Assets / Assets	22.88%	41.80%	83.20%	84.11%	91.32%	+6,844 bps