Western

Seattle, WA · Charter 68382

Q2 2001

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 2001, the quarter ended June 30, 2001, 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.

Seattle, WA · Charter 68382

Q2 2001

$4.2MAssets

$3.9MLoans

$3.8MShares

$443KNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

-4.61%-841 bps YoY

Net Interest Margin (YTD, annualized)

5.49%

Efficiency Ratio (YTD, annualized)

167.44%

Net Worth / Assets

10.47%

Year to date, annualized, through each quarter.

Metric	Q2 1999	Q4 1999	Q2 2000	Q4 2000	Q2 2001	YoY Δ	Trend
Earnings
Return on Assets	3.80%	0.35%	0.96%	0.88%	-4.61%	-841 bps
Return on Equity	n/a	n/a	n/a	7.04%	-44.06%	n/a
Net Interest Margin	n/a	5.10%	5.82%	5.76%	5.49%	n/a
Efficiency Ratio	n/a	80.39%	72.28%	73.30%	167.44%	n/a
Growth
Asset Growth (YoY)	n/a	n/a	n/a	-3.54%	-4.64%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	14.28%	10.90%	n/a
Share Growth (YoY)	n/a	n/a	n/a	-5.65%	-3.99%	n/a
Asset Quality
Delinquent Loans / Loans	6.87%	9.13%	4.96%	9.12%	9.83%	+296 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	3.66%	3.56%	3.55%	3.82%	3.47%	-19 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	12.54%	10.47%	n/a
Net Worth / Assets	n/a	n/a	n/a	12.54%	10.47%	n/a
Liquidity & Funding
Loans / Shares	89.30%	96.80%	102.15%	104.51%	103.15%	+1,385 bps
Liquid Assets / Assets	19.00%	6.79%	2.32%	9.44%	8.04%	-1,095 bps