Carolina Dairies

Kinston, NC · Charter 63563

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.

Kinston, NC · Charter 63563

Q4 1997

$110KAssets

$20KLoans

$65KShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

0.00%-535 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	5.35%	2.02%	3.24%	-1.46%	0.00%	-535 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	26.70%	21.77%	6.78%	5.31%	n/a
Loan Growth (YoY)	n/a	48.20%	43.28%	35.89%	-44.84%	n/a
Share Growth (YoY)	n/a	32.12%	29.52%	9.99%	9.43%	n/a
Asset Quality
Delinquent Loans / Loans	0.00%	0.00%	14.51%	0.97%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.51%	0.51%	0.52%	0.59%	0.43%	-7 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	59.34%	43.77%	44.81%	39.57%	29.91%	-2,943 bps
Liquid Assets / Assets	59.46%	60.37%	59.32%	67.61%	0.00%	-5,946 bps