Iceberg

Emigsville, PA · Charter 64423

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.

Emigsville, PA · Charter 64423

Q4 1998

$291KAssets

$200KLoans

$260KShares

n/aNet Worth

Return on Assets (YTD, annualized)

4.56%+357 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	1.97%	1.55%	-1.26%	0.99%	1.57%	3.63%	3.37%	4.56%	+357 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	-12.80%	-29.02%	-12.99%	-12.55%	9.48%	21.94%	+5,097 bps
Loan Growth (YoY)	n/a	n/a	-12.85%	-0.75%	-0.51%	-9.48%	2.33%	11.23%	+1,197 bps
Share Growth (YoY)	n/a	n/a	-12.30%	-24.71%	-11.99%	-12.73%	8.74%	13.72%	+3,843 bps
Asset Quality
Delinquent Loans / Loans	10.09%	6.86%	8.56%	6.38%	6.50%	4.15%	3.87%	4.53%	-185 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	1.89%	3.85%	7.52%	5.26%	2.06%	3.40%	3.87%	3.73%	-154 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	60.86%	75.81%	72.84%	78.63%	68.80%	78.63%	68.54%	76.90%	-173 bps
Liquid Assets / Assets	41.17%	24.24%	25.90%	18.27%	29.57%	16.19%	28.79%	0.01%	-1,825 bps