Air Shields Emp

Hatboro, PA · Charter 63322

Q4 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: Q4 1998, the quarter ended December 31, 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.

Hatboro, PA · Charter 63322

Q4 1998

$218KAssets

$151KLoans

$174KShares

n/aNet Worth

Return on Assets (YTD, annualized)

1.04%-169 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 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	Q2 1998	Q4 1998	YoY Δ	Trend
Earnings
Return on Assets	2.97%	2.72%	2.36%	2.72%	1.30%	0.65%	0.82%	1.04%	-169 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	-26.69%	-15.11%	-28.86%	-21.84%	-28.06%	-47.55%	-3,244 bps
Loan Growth (YoY)	n/a	n/a	-45.48%	-36.98%	-34.69%	-12.44%	41.79%	-7.52%	+2,946 bps
Share Growth (YoY)	n/a	n/a	-29.81%	-17.38%	-32.01%	-24.22%	-31.60%	-52.77%	-3,539 bps
Asset Quality
Delinquent Loans / Loans	1.56%	1.78%	0.00%	1.78%	0.00%	0.00%	0.21%	2.59%	+81 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	1.08%	1.45%	0.32%	1.45%	0.94%	0.94%	1.06%	1.27%	-18 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	53.46%	44.45%	40.02%	44.45%	51.35%	51.35%	82.97%	87.03%	+4,258 bps
Liquid Assets / Assets	42.76%	48.81%	57.22%	49.42%	55.98%	55.98%	0.00%	24.11%	-2,531 bps