Salem E B A Credit Union Inc.

Salem, VA · Charter 66941

Q2 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: Q2 1998, the quarter ended June 30, 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.

Salem, VA · Charter 66941

Q2 1998

$5.1MAssets

$1.3MLoans

$4.6MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

4.90%+36 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 1996	Q4 1996	Q2 1997	Q4 1997	Q2 1998	YoY Δ	Trend
Earnings
Return on Assets	4.55%	4.47%	4.57%	4.95%	4.90%	+36 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)	-10.47%	-2.45%	7.94%	18.14%	18.91%	+2,938 bps
Loan Growth (YoY)	43.09%	21.11%	-2.25%	-6.21%	-11.48%	-5,457 bps
Share Growth (YoY)	-13.69%	-4.39%	7.68%	18.92%	19.82%	+3,351 bps
Asset Quality
Delinquent Loans / Loans	2.54%	2.46%	1.90%	1.81%	4.69%	+215 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.82%	1.38%	1.11%	1.08%	1.07%	+25 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	38.86%	38.41%	35.05%	30.09%	28.71%	-1,015 bps
Liquid Assets / Assets	43.26%	50.66%	53.89%	59.86%	63.12%	+1,986 bps