King Street Terminal

Seattle, WA · Charter 89118

Q4 1996

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: Q4 1996, the quarter ended December 31, 1996, 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 89118

Q4 1996

$6.2MAssets

$4.6MLoans

$5.9MShares

n/aNet Worth

Return on Assets (YTD, annualized)

3.66%+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	YoY Δ	Trend
Earnings
Return on Assets	3.34%	3.57%	4.03%	3.88%	3.61%	3.66%	+9 bps
Return on Equity	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
Efficiency Ratio	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	-18.31%	-19.89%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	6.82%	1.34%	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	-20.97%	-20.88%	n/a
Asset Quality
Delinquent Loans / Loans	1.18%	1.67%	1.60%	1.22%	1.10%	0.60%	-106 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	1.17%	1.30%	0.76%	0.46%	0.59%	1.70%	+40 bps
Capital
Risk-Based Capital	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
Liquidity & Funding
Loans / Shares	57.25%	61.22%	73.13%	76.11%	77.39%	78.42%	+1,720 bps
Liquid Assets / Assets	25.35%	20.04%	19.07%	12.88%	18.95%	16.54%	-350 bps