North Puget Power

Bellingham, WA · Charter 89120

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.

Bellingham, WA · Charter 89120

Q4 1996

$3.2MAssets

$2.2MLoans

$2.8MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

5.66%+47 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	YoY Δ	Trend
Earnings
Return on Assets	5.19%	5.58%	5.45%	5.27%	5.66%	+47 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	-4.99%	-6.82%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	-8.16%	3.26%	n/a
Share Growth (YoY)	n/a	n/a	n/a	-7.05%	-9.35%	n/a
Asset Quality
Delinquent Loans / Loans	0.92%	1.67%	0.34%	1.38%	0.94%	+3 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.44%	0.44%	0.52%	0.59%	0.05%	-39 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	70.31%	80.64%	79.34%	74.25%	80.09%	+978 bps
Liquid Assets / Assets	6.83%	10.74%	8.30%	15.77%	6.37%	-46 bps