Rayovac

Madison, WI · Charter 66664

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.

Madison, WI · Charter 66664

Q2 1999

$1.8MAssets

$948KLoans

$1.7MShares

n/aNet Worth

Return on Assets (YTD, annualized)

0.74%-373 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	4.12%	4.17%	3.74%	4.48%	4.53%	4.06%	3.49%	0.74%	-373 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	21.23%	45.24%	25.20%	20.26%	12.74%	48.80%	57.31%	+3,211 bps
Loan Growth (YoY)	n/a	14.76%	66.00%	52.22%	34.69%	41.27%	-17.48%	-10.90%	-6,311 bps
Share Growth (YoY)	n/a	20.28%	23.39%	25.95%	11.17%	13.05%	83.33%	67.16%	+4,121 bps
Asset Quality
Delinquent Loans / Loans	1.80%	1.20%	2.03%	2.02%	1.27%	1.33%	2.03%	1.85%	-17 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	1.44%	0.84%	0.68%	0.94%	0.92%	0.89%	0.80%	3.30%	+236 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	99.44%	79.90%	130.20%	107.11%	120.47%	99.84%	58.61%	57.09%	-5,001 bps
Liquid Assets / Assets	8.06%	20.42%	0.38%	0.07%	0.01%	0.47%	0.00%	46.68%	+4,662 bps