Snohomish County Pud 1

Everett, WA · Charter 89121

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.

Everett, WA · Charter 89121

Q4 1996

$31.2MAssets

$25.3MLoans

$27.6MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

4.90%+56 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	4.34%	4.35%	4.34%	4.83%	4.90%	+56 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	3.47%	4.31%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	21.57%	10.39%	n/a
Share Growth (YoY)	n/a	n/a	n/a	1.68%	5.42%	n/a
Asset Quality
Delinquent Loans / Loans	0.96%	1.61%	1.51%	2.28%	1.46%	+50 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.45%	0.58%	0.74%	0.76%	0.78%	+33 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	87.48%	93.23%	89.08%	90.79%	91.61%	+413 bps
Liquid Assets / Assets	8.78%	7.86%	11.13%	7.27%	10.21%	+143 bps