S.L. Board of Realtors

Salt Lake City, UT · Charter 67150

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.

Salt Lake City, UT · Charter 67150

Q4 1998

$784KAssets

$623KLoans

$714KShares

n/aNet Worth

Return on Assets (YTD, annualized)

1.37%-312 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	3.85%	4.47%	4.26%	4.48%	3.82%	3.41%	4.02%	1.37%	-312 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	-0.24%	-2.45%	-9.93%	-6.05%	-17.73%	-22.09%	-1,965 bps
Loan Growth (YoY)	n/a	n/a	-0.98%	-25.14%	-3.66%	-8.51%	-17.39%	-11.04%	+1,410 bps
Share Growth (YoY)	n/a	n/a	-2.48%	-4.84%	-12.84%	-7.79%	-20.40%	-20.03%	-1,519 bps
Asset Quality
Delinquent Loans / Loans	4.98%	5.14%	11.46%	1.31%	5.91%	5.11%	7.33%	1.20%	-11 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	0.87%	0.86%	1.00%	1.15%	0.45%	0.61%	0.29%	0.12%	-103 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	95.72%	104.92%	86.19%	78.46%	105.80%	104.10%	89.45%	87.28%	+883 bps
Liquid Assets / Assets	9.46%	1.96%	20.88%	24.15%	3.81%	4.74%	16.75%	16.40%	-775 bps