P & C

Charlotte, NC · Charter 63129

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 63129

Q4 1997

$1.9MAssets

$1.8MLoans

$1.5MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

4.64%-18 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 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	YoY Δ	Trend
Earnings
Return on Assets	4.82%	5.20%	5.11%	4.70%	4.64%	-18 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)	n/a	3.02%	-8.01%	-4.76%	-5.02%	n/a
Loan Growth (YoY)	n/a	7.93%	-4.61%	2.07%	-5.34%	n/a
Share Growth (YoY)	n/a	-0.71%	-10.41%	-8.68%	-9.09%	n/a
Asset Quality
Delinquent Loans / Loans	1.05%	0.75%	0.22%	0.56%	0.61%	-44 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.72%	0.77%	0.65%	0.62%	0.92%	+20 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	113.03%	109.70%	117.03%	117.67%	117.69%	+466 bps
Liquid Assets / Assets	2.71%	8.57%	3.14%	5.05%	3.38%	+67 bps