Carolina Medicredit

Winston-Salem, NC · Charter 60756

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.

Winston-Salem, NC · Charter 60756

Q4 1998

$20.9MAssets

$17.4MLoans

$18.3MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

4.09%-91 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 1996	Q2 1997	Q4 1997	Q2 1998	Q4 1998	YoY Δ	Trend
Earnings
Return on Assets	5.01%	4.65%	4.52%	4.20%	4.09%	-91 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)	16.46%	18.20%	10.59%	15.90%	17.44%	+98 bps
Loan Growth (YoY)	27.88%	17.61%	10.17%	7.31%	10.16%	-1,772 bps
Share Growth (YoY)	15.14%	17.21%	8.81%	15.26%	18.20%	+306 bps
Asset Quality
Delinquent Loans / Loans	0.70%	0.74%	0.89%	0.68%	0.39%	-31 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.53%	0.59%	0.49%	0.53%	0.32%	-21 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	102.07%	94.58%	90.93%	82.63%	95.13%	-695 bps
Liquid Assets / Assets	8.01%	15.88%	17.93%	25.34%	13.76%	+576 bps