Wash. Water Power Empls. Credit Un.

Spokane, WA · Charter 89111

Q2 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: Q2 1997, the quarter ended June 30, 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.

Spokane, WA · Charter 89111

Q2 1997

$23.4MAssets

$18.1MLoans

$20.9MShares

n/aNet Worth

Return on Assets (YTD, annualized)

5.99%-9 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 1994	Q4 1994	Q2 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	YoY Δ	Trend
Earnings
Return on Assets	5.18%	5.42%	6.08%	5.96%	5.84%	5.67%	5.99%	-9 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	20.43%	27.35%	32.41%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	9.01%	9.48%	16.56%	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	20.34%	28.31%	33.98%	n/a
Asset Quality
Delinquent Loans / Loans	0.14%	0.13%	0.10%	0.12%	0.23%	0.35%	0.72%	+62 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	0.17%	0.17%	0.15%	0.18%	0.16%	0.20%	0.17%	+2 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	94.48%	96.62%	99.61%	92.85%	85.59%	82.43%	86.66%	-1,295 bps
Liquid Assets / Assets	11.29%	5.92%	9.20%	14.07%	16.16%	18.78%	15.89%	+670 bps