Western Waxed Paper Employees

Portland, OR · Charter 63623

Q2 1999

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 1999, the quarter ended June 30, 1999, 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.

Portland, OR · Charter 63623

Q2 1999

$2.9MAssets

$588KLoans

$2.4MShares

n/aNet Worth

Return on Assets (YTD, annualized)

2.24%-158 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	Q2 1998	Q4 1998	Q2 1999	YoY Δ	Trend
Earnings
Return on Assets	4.15%	3.47%	3.68%	3.82%	3.61%	3.15%	3.18%	2.24%	-158 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	-8.96%	-17.25%	-17.42%	-11.95%	-11.79%	-10.42%	-13.32%	+410 bps
Loan Growth (YoY)	n/a	-14.71%	-22.99%	-34.28%	-39.86%	-49.11%	-48.50%	-54.24%	-1,996 bps
Share Growth (YoY)	n/a	-11.66%	-20.64%	-21.30%	-15.02%	-14.88%	-13.40%	-15.62%	+568 bps
Asset Quality
Delinquent Loans / Loans	1.95%	1.82%	0.88%	0.04%	0.25%	0.38%	0.00%	0.54%	+50 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	0.85%	1.50%	1.27%	0.95%	1.57%	1.69%	1.93%	2.52%	+158 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	55.23%	50.99%	50.82%	45.93%	39.09%	30.49%	30.22%	24.91%	-2,102 bps
Liquid Assets / Assets	48.06%	52.52%	53.03%	57.49%	63.18%	71.00%	71.75%	77.62%	+2,013 bps