Morgan County Teachers

Wartburg, TN · Charter 68163

Q4 1997

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 1997, the quarter ended December 31, 1997, 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.

Wartburg, TN · Charter 68163

Q4 1997

$349KAssets

$232KLoans

$253KShares

n/aNet Worth

Return on Assets (YTD, annualized)

1.86%-287 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	Q4 1994	Q2 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	YoY Δ	Trend
Earnings
Return on Assets	4.57%	2.72%	4.73%	0.69%	2.75%	2.32%	1.86%	-287 bps
Return on Equity	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
Efficiency Ratio	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	n/a	n/a	-10.05%	-16.39%	-16.40%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	14.32%	5.14%	-10.31%	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	-22.60%	-23.71%	-22.39%	n/a
Asset Quality
Delinquent Loans / Loans	2.71%	4.29%	7.54%	2.58%	1.54%	0.84%	3.35%	-418 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	2.20%	1.29%	1.24%	1.19%	1.06%	1.35%	2.22%	+98 bps
Capital
Risk-Based Capital	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
Liquidity & Funding
Loans / Shares	84.08%	72.14%	79.56%	81.65%	124.18%	99.42%	91.94%	+1,238 bps
Liquid Assets / Assets	25.66%	19.59%	21.40%	9.08%	0.00%	1.44%	4.43%	-1,697 bps