Gasco

Seattle, WA · Charter 89142

Q4 1997

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 1997, the quarter ended December 31, 1997, 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 89142

Q4 1997

$1.6MAssets

$1.1MLoans

$1.4MShares

n/aNet Worth

Return on Assets (YTD, annualized)

3.80%-70 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	Q2 1997	Q4 1997	YoY Δ	Trend
Earnings
Return on Assets	3.35%	3.52%	4.50%	4.50%	4.40%	4.25%	2.88%	3.80%	-70 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	n/a	-8.62%	-8.85%	-2.57%	3.73%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	-6.31%	-27.53%	-18.15%	-15.30%	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	-11.22%	-5.15%	-3.27%	3.95%	n/a
Asset Quality
Delinquent Loans / Loans	0.05%	0.82%	0.90%	0.67%	0.81%	0.91%	0.85%	0.83%	+16 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	0.00%	0.00%	0.00%	0.00%	0.79%	0.80%	0.92%	1.07%	+107 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	91.78%	116.42%	106.01%	103.47%	96.85%	88.95%	89.70%	84.31%	-1,916 bps
Liquid Assets / Assets	20.88%	6.55%	11.04%	10.18%	19.68%	26.76%	24.99%	28.65%	+1,847 bps