Rudyard Pickford Co-op

Rudyard, MI · Charter 61996

Q2 2000

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 2000, the quarter ended June 30, 2000, 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.

Rudyard, MI · Charter 61996

Q2 2000

$11.1MAssets

$8.4MLoans

$10.5MShares

n/aNet Worth

Return on Assets (YTD, annualized)

0.83%-277 bps YoY

Net Interest Margin (YTD, annualized)

5.45%

Efficiency Ratio (YTD, annualized)

75.51%

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1996	Q2 1997	Q4 1997	Q2 1998	Q4 1998	Q2 1999	Q4 1999	Q2 2000	YoY Δ	Trend
Earnings
Return on Assets	2.55%	3.10%	3.12%	3.60%	2.81%	0.88%	-2.01%	0.83%	-277 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	4.86%	5.45%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	90.20%	75.51%	n/a
Growth
Asset Growth (YoY)	10.31%	33.33%	52.27%	48.55%	38.63%	16.48%	-1.07%	-6.46%	-5,501 bps
Loan Growth (YoY)	29.82%	49.33%	61.54%	58.53%	38.44%	13.08%	2.03%	-1.66%	-6,020 bps
Share Growth (YoY)	6.62%	34.16%	37.85%	50.05%	46.58%	24.44%	15.78%	-1.31%	-5,137 bps
Asset Quality
Delinquent Loans / Loans	2.51%	0.39%	1.87%	2.27%	2.81%	3.38%	1.00%	1.12%	-115 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	0.79%	0.60%	0.38%	0.44%	0.77%	0.75%	1.24%	1.59%	+115 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	79.21%	80.14%	90.74%	80.76%	74.81%	72.83%	79.97%	80.48%	-28 bps
Liquid Assets / Assets	6.59%	3.99%	4.13%	4.93%	5.23%	2.89%	0.89%	1.41%	-352 bps