Friendship

Glen Burnie, MD · Charter 23727

Q2 1999

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: Q2 1999, the quarter ended June 30, 1999, 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.

Glen Burnie, MD · Charter 23727

Q2 1999

$15.9MAssets

$12.2MLoans

$15.5MShares

n/aNet Worth

Return on Assets (YTD, annualized)

2.28%-170 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	Q2 1998	Q4 1998	Q2 1999	YoY Δ	Trend
Earnings
Return on Assets	2.70%	3.13%	1.54%	3.98%	4.14%	3.16%	2.44%	2.28%	-170 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	-10.79%	-7.31%	-0.55%	-5.35%	-3.01%	6.13%	1.53%	+208 bps
Loan Growth (YoY)	n/a	0.29%	-1.43%	-2.34%	-8.99%	-12.66%	-6.49%	3.74%	+608 bps
Share Growth (YoY)	n/a	-8.61%	-6.29%	0.33%	-5.36%	-3.53%	6.47%	1.21%	+88 bps
Asset Quality
Delinquent Loans / Loans	1.64%	2.48%	0.50%	1.27%	2.36%	2.84%	2.77%	1.84%	+57 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	2.52%	2.83%	2.28%	1.59%	1.43%	1.98%	1.68%	1.69%	+10 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	80.05%	74.00%	84.35%	76.63%	76.98%	67.00%	74.08%	78.55%	+191 bps
Liquid Assets / Assets	4.87%	12.97%	8.12%	19.66%	13.89%	24.72%	14.26%	9.43%	-1,023 bps