Meritor Employees

Fairfield, IA · Charter 64393

Q2 2000

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 2000, the quarter ended June 30, 2000, 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.

Fairfield, IA · Charter 64393

Q2 2000

$781KAssets

$563KLoans

$690KShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

1.36%-304 bps YoY

Net Interest Margin (YTD, annualized)

6.63%

Efficiency Ratio (YTD, annualized)

67.64%

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1998	Q2 1999	Q4 1999	Q1 2000	Q2 2000	YoY Δ	Trend
Earnings
Return on Assets	4.40%	3.14%	0.05%	2.55%	1.36%	-304 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	5.43%	7.27%	6.63%	n/a
Efficiency Ratio	n/a	n/a	88.97%	61.07%	67.64%	n/a
Growth
Asset Growth (YoY)	-15.74%	1.64%	10.02%	10.37%	12.82%	+2,855 bps
Loan Growth (YoY)	-15.71%	17.39%	31.07%	5.02%	5.99%	+2,170 bps
Share Growth (YoY)	-17.98%	0.73%	10.33%	10.72%	13.86%	+3,184 bps
Asset Quality
Delinquent Loans / Loans	1.92%	5.23%	5.31%	4.30%	2.86%	+93 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	2.73%	1.24%	1.65%	1.93%	2.21%	-52 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	87.57%	81.14%	93.24%	86.42%	81.52%	-605 bps
Liquid Assets / Assets	14.41%	23.09%	0.00%	0.00%	0.00%	-1,441 bps