Western

Seattle, WA · Charter 89133

Q2 1998

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 1998, the quarter ended June 30, 1998, 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 89133

Q2 1998

$4.6MAssets

$3.2MLoans

$4.1MShares

n/aNet Worth

Return on Assets (YTD, annualized)

4.35%+5 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	Q2 1997	Q4 1997	Q2 1998	YoY Δ	Trend
Earnings
Return on Assets	4.88%	5.05%	5.14%	4.30%	4.78%	4.31%	2.59%	4.35%	+5 bps
Return on Equity	n/a	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	n/a
Efficiency Ratio	n/a	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	-3.29%	-2.30%	-0.83%	-4.32%	-6.57%	-328 bps
Loan Growth (YoY)	n/a	n/a	n/a	11.62%	10.36%	-2.88%	-4.57%	-9.55%	-2,118 bps
Share Growth (YoY)	n/a	n/a	n/a	-4.99%	-3.78%	-1.63%	-3.45%	-6.07%	-108 bps
Asset Quality
Delinquent Loans / Loans	4.08%	0.56%	1.43%	0.47%	1.32%	4.05%	2.97%	3.44%	+297 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	2.65%	1.17%	0.67%	0.78%	1.65%	1.85%	3.90%	3.88%	+311 bps
Capital
Risk-Based Capital	n/a	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	n/a
Liquidity & Funding
Loans / Shares	72.28%	81.40%	84.70%	80.46%	82.90%	80.36%	83.72%	77.47%	-298 bps
Liquid Assets / Assets	35.96%	27.19%	23.48%	27.42%	23.42%	25.90%	25.84%	30.94%	+351 bps