Davis Employees Credit Association

Thomasville, GA · Charter 67400

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.

Thomasville, GA · Charter 67400

Q2 1998

$1.8MAssets

$639KLoans

$1.6MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

5.91%+23 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	5.68%	5.65%	6.56%	5.37%	5.91%	+23 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)	0.87%	-3.84%	1.49%	28.65%	20.87%	+2,000 bps
Loan Growth (YoY)	45.03%	26.40%	7.37%	-12.54%	-11.88%	-5,691 bps
Share Growth (YoY)	-1.25%	-6.63%	-1.53%	29.55%	21.02%	+2,227 bps
Asset Quality
Delinquent Loans / Loans	0.00%	0.00%	0.32%	0.26%	0.16%	+16 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	3.15%	3.79%	3.70%	4.11%	4.35%	+120 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	56.28%	53.57%	62.93%	42.48%	40.98%	-1,530 bps
Liquid Assets / Assets	33.33%	54.11%	42.45%	55.61%	64.11%	+3,078 bps