Texaco Emp. Credit Union Inc.

Chesapeake, VA · Charter 66902

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.

Chesapeake, VA · Charter 66902

Q4 1998

$476KAssets

$192KLoans

$306KShares

n/aNet Worth

Return on Assets (YTD, annualized)

2.47%-207 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	3.83%	4.69%	4.27%	4.54%	3.13%	3.48%	2.75%	2.47%	-207 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	-12.43%	-13.85%	-8.47%	-11.75%	-8.70%	-18.13%	-428 bps
Loan Growth (YoY)	n/a	n/a	-15.32%	-4.81%	-4.94%	-24.40%	-25.51%	-34.95%	-3,014 bps
Share Growth (YoY)	n/a	n/a	-18.98%	-21.94%	-14.69%	-18.26%	-14.04%	-26.54%	-460 bps
Asset Quality
Delinquent Loans / Loans	5.08%	2.51%	1.37%	4.93%	5.78%	7.75%	3.18%	7.06%	+214 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	6.48%	4.66%	5.12%	5.41%	6.90%	6.75%	3.74%	6.95%	+155 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	58.33%	67.44%	64.67%	70.99%	64.99%	62.38%	56.04%	62.86%	-813 bps
Liquid Assets / Assets	57.03%	48.89%	51.29%	48.27%	52.61%	56.53%	59.21%	58.93%	+1,067 bps