Vamc Employees

Lexington, KY · Charter 62549

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.

Lexington, KY · Charter 62549

Q2 1998

$2.1MAssets

$1.2MLoans

$1.8MShares

n/aNet Worth

Return on Assets (YTD, annualized)

1.20%-181 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 1994	Q2 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	Q2 1998	YoY Δ	Trend
Earnings
Return on Assets	2.07%	2.65%	2.85%	3.01%	3.18%	3.13%	3.05%	1.20%	-181 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	n/a	-11.91%	-7.63%	-5.46%	1.53%	-5.15%	+677 bps
Loan Growth (YoY)	n/a	n/a	n/a	-3.11%	-7.93%	-20.13%	-22.26%	-24.24%	-2,112 bps
Share Growth (YoY)	n/a	n/a	n/a	-15.19%	-10.29%	-7.58%	0.04%	0.02%	+1,521 bps
Asset Quality
Delinquent Loans / Loans	1.37%	0.62%	0.60%	0.44%	1.10%	0.21%	0.29%	0.69%	+25 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	1.10%	0.69%	0.90%	0.86%	1.03%	1.14%	0.96%	0.93%	+6 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	92.67%	92.80%	96.77%	89.52%	95.11%	80.20%	75.19%	67.81%	-2,171 bps
Liquid Assets / Assets	14.93%	15.10%	15.81%	16.56%	13.42%	29.70%	34.23%	37.78%	+2,122 bps