Southern Frozen Foods Emp.

Montezuma, GA · Charter 61418

Q2 2001

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 2001, the quarter ended June 30, 2001, 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.

Montezuma, GA · Charter 61418

Q2 2001

$302KAssets

$0KLoans

$275KShares

$28KNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

0.04%-443 bps YoY

Net Interest Margin (YTD, annualized)

0.92%

Efficiency Ratio (YTD, annualized)

97.50%

Net Worth / Assets

9.11%

Year to date, annualized, through each quarter.

Metric	Q2 1999	Q4 1999	Q2 2000	Q4 2000	Q2 2001	YoY Δ	Trend
Earnings
Return on Assets	4.47%	0.01%	0.02%	0.01%	0.04%	-443 bps
Return on Equity	n/a	n/a	n/a	0.16%	0.41%	n/a
Net Interest Margin	n/a	0.64%	0.78%	0.88%	0.92%	n/a
Efficiency Ratio	n/a	99.45%	98.90%	99.12%	97.50%	n/a
Growth
Asset Growth (YoY)	-1.79%	-11.27%	-26.08%	-18.06%	-22.53%	-2,074 bps
Loan Growth (YoY)	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Share Growth (YoY)	-1.87%	-12.12%	-27.75%	-19.45%	-24.26%	-2,239 bps
Asset Quality
Delinquent Loans / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Risk-Based Capital	n/a	n/a	n/a	8.58%	9.11%	n/a
Net Worth / Assets	n/a	n/a	n/a	8.58%	9.11%	n/a
Liquidity & Funding
Loans / Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Liquid Assets / Assets	98.47%	98.43%	98.72%	98.62%	98.74%	+28 bps