Feather Flex

New Bedford, MA · Charter 9484

Q2 1999

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 1999, the quarter ended June 30, 1999, 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.

New Bedford, MA · Charter 9484

Q2 1999

$2.8MAssets

$448KLoans

$2.4MShares

n/aNet Worth

Return on Assets (YTD, annualized)

4.86%-89 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	Q2 1998	Q4 1998	Q2 1999	YoY Δ	Trend
Earnings
Return on Assets	4.90%	5.50%	4.37%	5.75%	5.41%	5.17%	5.13%	4.86%	-89 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	-2.37%	5.32%	0.38%	-3.24%	-1.02%	-9.35%	2.22%	+184 bps
Loan Growth (YoY)	n/a	22.44%	2.57%	-10.71%	-24.84%	-36.03%	-39.09%	-44.50%	-3,379 bps
Share Growth (YoY)	n/a	-4.22%	5.12%	-0.25%	-3.73%	-0.98%	-10.38%	2.39%	+264 bps
Asset Quality
Delinquent Loans / Loans	2.10%	1.17%	2.26%	0.62%	2.45%	2.06%	0.87%	4.99%	+437 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	2.48%	2.13%	3.87%	4.63%	5.07%	5.65%	6.35%	6.28%	+165 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	40.07%	41.72%	37.87%	33.90%	31.28%	26.95%	25.74%	18.38%	-1,553 bps
Liquid Assets / Assets	57.11%	59.88%	61.79%	67.49%	64.28%	58.91%	73.89%	77.35%	+986 bps