Fredrickson Employees

Charlotte, NC · Charter 63119

Q4 1997

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 1997, the quarter ended December 31, 1997, 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.

Charlotte, NC · Charter 63119

Q4 1997

$434KAssets

$385KLoans

$339KShares

n/aNet Worth

Return on Assets (YTD, annualized)

1.32%-316 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 1994	Q4 1994	Q2 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	YoY Δ	Trend
Earnings
Return on Assets	2.85%	4.22%	4.99%	4.48%	4.02%	2.84%	2.21%	1.32%	-316 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	n/a	-21.64%	-27.48%	-40.91%	-47.54%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	-5.02%	-15.91%	-35.07%	-51.21%	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	-25.31%	-30.15%	-48.01%	-52.14%	n/a
Asset Quality
Delinquent Loans / Loans	2.33%	3.61%	3.71%	5.96%	4.97%	8.17%	4.10%	1.57%	-439 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	2.31%	3.30%	3.34%	5.15%	2.78%	3.74%	1.93%	2.07%	-308 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	77.46%	87.10%	92.94%	111.61%	98.51%	104.86%	116.06%	113.79%	+218 bps
Liquid Assets / Assets	12.11%	14.64%	10.52%	0.53%	6.72%	4.61%	0.01%	1.66%	+114 bps