Harvest States Coops Employees

St. Paul, MN · Charter 64992

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.

St. Paul, MN · Charter 64992

Q4 1997

$4.5MAssets

$3.7MLoans

$3.9MShares

n/aNet Worth

Return on Assets (YTD, annualized)

4.76%+7 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 1994	Q4 1994	Q2 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	YoY Δ	Trend
Earnings
Return on Assets	4.08%	4.37%	4.70%	4.69%	4.61%	4.80%	4.70%	4.76%	+7 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	n/a	n/a	-9.13%	-1.50%	10.83%	14.68%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	-0.23%	-0.24%	5.55%	18.45%	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	-12.39%	-4.55%	8.93%	13.05%	n/a
Asset Quality
Delinquent Loans / Loans	0.63%	1.43%	0.37%	0.45%	0.56%	0.10%	0.00%	0.03%	-42 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	1.01%	0.76%	0.91%	0.99%	1.02%	1.13%	1.06%	0.96%	-3 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	77.85%	88.35%	93.42%	91.16%	88.65%	92.33%	90.52%	95.52%	+435 bps
Liquid Assets / Assets	4.08%	8.91%	5.62%	13.42%	9.22%	7.34%	19.98%	9.84%	-358 bps