Pse-Northern

Bellingham, WA · Charter 68217

Q2 1999

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 1999, the quarter ended June 30, 1999, 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.

Bellingham, WA · Charter 68217

Q2 1999

$3.7MAssets

$3.0MLoans

$3.4MShares

n/aNet Worth

Return on Assets (YTD, annualized)

3.98%-125 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 1997	Q4 1997	Q2 1998	Q4 1998	Q2 1999	YoY Δ	Trend
Earnings
Return on Assets	5.22%	4.37%	4.60%	4.51%	3.98%	-125 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)	n/a	n/a	n/a	n/a	19.33%	n/a	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	16.29%	n/a	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	22.36%	n/a	n/a
Asset Quality
Delinquent Loans / Loans	0.78%	2.27%	1.38%	0.56%	0.62%	-15 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.08%	0.47%	0.29%	0.57%	0.32%	+24 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	94.05%	94.20%	96.61%	96.23%	89.38%	-467 bps
Liquid Assets / Assets	1.18%	7.88%	4.14%	12.48%	7.15%	+597 bps