Florida I.B.E.W.

Jacksonville, FL · Charter 7571

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.

Jacksonville, FL · Charter 7571

Q2 1998

$2.1MAssets

$1.3MLoans

$2.0MShares

n/aNet Worth

Return on Assets (YTD, annualized)

1.45%+24 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	Q2 1998	YoY Δ	Trend
Earnings
Return on Assets	2.35%	1.75%	2.48%	1.21%	3.14%	3.09%	3.34%	1.45%	+24 bps
Return on Equity	n/a	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	n/a
Efficiency Ratio	n/a	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	69.17%	72.33%	69.00%	41.78%	13.09%	-5,609 bps
Loan Growth (YoY)	n/a	n/a	n/a	105.13%	101.37%	61.08%	34.46%	4.56%	-10,058 bps
Share Growth (YoY)	n/a	n/a	n/a	80.54%	77.78%	72.13%	49.56%	13.21%	-6,734 bps
Asset Quality
Delinquent Loans / Loans	3.07%	1.00%	1.08%	1.41%	3.60%	1.60%	0.81%	0.20%	-122 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	1.77%	1.48%	0.79%	0.61%	0.56%	0.39%	0.38%	0.27%	-34 bps
Capital
Risk-Based Capital	n/a	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	n/a
Liquidity & Funding
Loans / Shares	63.86%	67.72%	70.80%	70.16%	72.34%	63.37%	63.65%	64.80%	-536 bps
Liquid Assets / Assets	40.31%	36.09%	32.19%	32.26%	29.91%	38.42%	35.78%	36.92%	+466 bps