Washington State Bar Assocation

Seattle, WA · Charter 96758

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 96758

Q4 1997

$3.1MAssets

$2.7MLoans

$2.9MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

3.84%-66 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	4.50%	4.96%	4.77%	4.00%	3.84%	-66 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	-1.19%	0.12%	15.56%	17.33%	n/a
Loan Growth (YoY)	n/a	12.49%	-1.01%	9.45%	7.44%	n/a
Share Growth (YoY)	n/a	-3.62%	1.72%	22.17%	24.49%	n/a
Asset Quality
Delinquent Loans / Loans	0.51%	0.89%	1.51%	0.50%	1.28%	+76 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.00%	0.82%	0.68%	0.52%	0.76%	+76 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	107.51%	98.46%	97.46%	96.35%	92.78%	-1,473 bps
Liquid Assets / Assets	5.62%	9.96%	11.06%	11.13%	13.87%	+825 bps