Alva

Tacoma, WA · Charter 5739

Q2 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: Q2 1998, the quarter ended June 30, 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.

Tacoma, WA · Charter 5739

Q2 1998

$23.5MAssets

$15.0MLoans

$20.6MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

3.79%-38 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 1996	Q4 1996	Q2 1997	Q4 1997	Q2 1998	YoY Δ	Trend
Earnings
Return on Assets	4.17%	4.17%	3.63%	4.08%	3.79%	-38 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)	2.99%	0.90%	10.84%	8.71%	7.67%	+468 bps
Loan Growth (YoY)	29.31%	18.28%	16.26%	12.05%	3.46%	-2,585 bps
Share Growth (YoY)	0.93%	-1.61%	10.04%	7.49%	6.22%	+530 bps
Asset Quality
Delinquent Loans / Loans	0.50%	1.11%	0.53%	1.65%	1.41%	+91 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.29%	0.25%	0.22%	0.39%	0.32%	+3 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	74.80%	80.73%	77.01%	78.50%	72.85%	-195 bps
Liquid Assets / Assets	18.14%	11.63%	21.38%	18.54%	23.73%	+559 bps