Wcla

Olympia, WA · Charter 95754

Q2 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: Q2 1997, the quarter ended June 30, 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.

Olympia, WA · Charter 95754

Q2 1997

$11.6MAssets

$10.6MLoans

$10.5MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

3.61%-117 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 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	YoY Δ	Trend
Earnings
Return on Assets	4.77%	4.51%	6.40%	5.70%	3.61%	-117 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	36.02%	40.69%	36.39%	n/a
Loan Growth (YoY)	n/a	n/a	191.05%	208%	155.68%	n/a
Share Growth (YoY)	n/a	n/a	35.26%	42.32%	53.22%	n/a
Asset Quality
Delinquent Loans / Loans	15.31%	0.63%	1.86%	0.41%	3.45%	-1,186 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	1.69%	1.18%	0.93%	1.49%	2.07%	+38 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	60.33%	57.78%	83.62%	95.82%	100.67%	+4,034 bps
Liquid Assets / Assets	17.26%	25.38%	18.06%	9.39%	6.54%	-1,072 bps