Liberty Corporation

Greenville, SC · Charter 60727

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.

Greenville, SC · Charter 60727

Q4 1998

$8.6MAssets

$7.0MLoans

$7.5MShares

n/aNet Worth

Return on Assets (YTD, annualized)

4.74%-13 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	1.90%	3.17%	4.07%	4.87%	5.28%	5.04%	4.45%	4.74%	-13 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	8.70%	-8.72%	-8.60%	-4.09%	3.47%	19.87%	+2,859 bps
Loan Growth (YoY)	n/a	n/a	-14.65%	-16.33%	-3.59%	5.19%	26.00%	34.38%	+5,071 bps
Share Growth (YoY)	n/a	n/a	8.67%	-10.42%	-11.26%	-7.36%	1.29%	19.19%	+2,961 bps
Asset Quality
Delinquent Loans / Loans	1.50%	1.16%	1.35%	2.55%	2.21%	1.36%	1.18%	1.23%	-132 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	1.25%	1.76%	1.93%	1.81%	1.96%	1.40%	1.34%	1.20%	-61 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	79.46%	78.06%	67.53%	83.13%	86.33%	88.63%	84.01%	93.73%	+1,060 bps
Liquid Assets / Assets	14.57%	27.60%	21.27%	19.32%	20.65%	20.51%	16.54%	15.81%	-351 bps