B.v.g.&E. Employees/

Lincoln, RI · Charter 65802

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.

Lincoln, RI · Charter 65802

Q4 1998

$3.3MAssets

$2.0MLoans

$3.0MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

3.22%-44 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 1996	Q2 1997	Q4 1997	Q2 1998	Q4 1998	YoY Δ	Trend
Earnings
Return on Assets	3.66%	3.19%	3.55%	2.85%	3.22%	-44 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)	-8.25%	-9.57%	-11.64%	-7.62%	-20.62%	-1,237 bps
Loan Growth (YoY)	-4.86%	-4.40%	-5.78%	-8.39%	-21.62%	-1,677 bps
Share Growth (YoY)	-11.22%	-12.97%	-14.70%	-10.52%	-13.48%	-225 bps
Asset Quality
Delinquent Loans / Loans	0.30%	0.17%	0.00%	0.00%	0.00%	-30 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	1.36%	0.98%	0.75%	0.72%	0.46%	-90 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	73.60%	74.21%	76.28%	67.34%	66.67%	-693 bps
Liquid Assets / Assets	19.72%	19.43%	31.20%	38.35%	34.59%	+1,487 bps