Puget Power

Bellevue, WA · Charter 89119

Q2 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: Q2 1996, the quarter ended June 30, 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.

Bellevue, WA · Charter 89119

Q2 1996

$10.9MAssets

$5.8MLoans

$9.8MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

4.49%+21 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	YoY Δ	Trend
Earnings
Return on Assets	4.27%	4.50%	4.24%	4.61%	4.49%	+21 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)	n/a	n/a	n/a	n/a	18.94%	n/a	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	14.95%	n/a	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	20.59%	n/a	n/a
Asset Quality
Delinquent Loans / Loans	0.10%	0.60%	0.29%	0.37%	0.22%	+12 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.14%	0.20%	0.55%	0.41%	0.32%	+19 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	62.30%	61.23%	72.08%	70.68%	59.39%	-291 bps
Liquid Assets / Assets	43.75%	42.67%	33.92%	34.74%	36.09%	-766 bps