American Coil Spring Employee

Muskegon, MI · Charter 8109

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.

Muskegon, MI · Charter 8109

Q2 1998

$2.2MAssets

$1.1MLoans

$1.9MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

3.91%+65 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 1996	Q4 1996	Q2 1997	Q4 1997	Q2 1998	YoY Δ	Trend
Earnings
Return on Assets	3.25%	3.00%	3.83%	4.05%	3.91%	+65 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)	-14.90%	-9.03%	-9.69%	0.39%	17.79%	+3,269 bps
Loan Growth (YoY)	58.69%	41.26%	10.05%	-5.76%	-3.06%	-6,175 bps
Share Growth (YoY)	-19.63%	-12.70%	-7.80%	0.00%	27.04%	+4,667 bps
Asset Quality
Delinquent Loans / Loans	2.60%	1.64%	0.82%	0.85%	0.00%	-260 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	1.30%	1.20%	0.58%	0.67%	0.27%	-103 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	80.73%	80.90%	80.20%	77.58%	61.61%	-1,912 bps
Liquid Assets / Assets	20.89%	31.64%	18.33%	16.61%	35.28%	+1,439 bps