Pacific

Seattle, WA · Charter 89220

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 89220

Q4 1997

$3.6MAssets

$2.5MLoans

$3.1MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

4.04%-23 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 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	YoY Δ	Trend
Earnings
Return on Assets	4.27%	4.14%	4.35%	3.98%	4.04%	-23 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	9.26%	4.27%	15.98%	16.15%	n/a
Loan Growth (YoY)	n/a	11.92%	0.16%	-5.57%	-2.66%	n/a
Share Growth (YoY)	n/a	9.69%	4.28%	17.76%	17.80%	n/a
Asset Quality
Delinquent Loans / Loans	0.35%	0.72%	1.18%	0.70%	1.40%	+105 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.00%	1.54%	1.37%	1.06%	0.70%	+70 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	96.60%	90.54%	94.28%	84.43%	79.83%	-1,678 bps
Liquid Assets / Assets	10.84%	19.68%	16.90%	23.80%	27.91%	+1,707 bps