Gilman Employees' Savings Assn.

Chattanooga, TN · Charter 68152

Q4 1996

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 1996, the quarter ended December 31, 1996, 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.

Chattanooga, TN · Charter 68152

Q4 1996

$647KAssets

$528KLoans

$578KShares

n/aNet Worth

Return on Assets (YTD, annualized)

3.56%-119 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 1994	Q4 1994	Q2 1995	Q4 1995	Q2 1996	Q4 1996	YoY Δ	Trend
Earnings
Return on Assets	4.16%	4.75%	3.83%	4.55%	3.38%	3.56%	-119 bps
Return on Equity	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
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Growth
Asset Growth (YoY)	n/a	n/a	n/a	n/a	-20.88%	-11.74%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	20.89%	4.04%	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	-23.68%	-12.73%	n/a
Asset Quality
Delinquent Loans / Loans	1.87%	1.94%	1.46%	3.70%	3.68%	5.03%	+310 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	2.69%	2.86%	2.73%	2.90%	2.48%	2.10%	-76 bps
Capital
Risk-Based Capital	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
Liquidity & Funding
Loans / Shares	59.91%	76.56%	82.33%	93.48%	94.89%	91.27%	+1,471 bps
Liquid Assets / Assets	32.81%	18.02%	13.77%	5.55%	4.27%	6.87%	-1,116 bps