Employment Security

Olympia, WA · Charter 96083

Q4 1996

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 1996, the quarter ended December 31, 1996, 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 96083

Q4 1996

$17.3MAssets

$13.1MLoans

$15.5MShares

n/aNet Worth

Return on Assets (YTD, annualized)

4.15%-9 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	YoY Δ	Trend
Earnings
Return on Assets	4.17%	4.24%	4.17%	4.27%	4.13%	4.15%	-9 bps
Return on Equity	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
Efficiency Ratio	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	5.89%	9.85%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	3.96%	0.59%	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	6.87%	8.52%	n/a
Asset Quality
Delinquent Loans / Loans	0.74%	1.01%	1.50%	1.10%	2.32%	1.39%	+38 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.81%	0.53%	0.46%	0.27%	0.78%	0.69%	+16 bps
Capital
Risk-Based Capital	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
Liquidity & Funding
Loans / Shares	81.57%	90.75%	95.17%	91.32%	79.35%	84.12%	-663 bps
Liquid Assets / Assets	8.72%	0.79%	0.00%	5.12%	16.09%	11.38%	+1,059 bps