Profitability For Ots-Regulated Private-Sector Thrift Institutions Guide - Office Of Thrift Supervision - U.s. Department Of Treasury - 1998 Page 12

STATEMENT OF OPERATIONS FOR OTS-REGULATED PRIVATE-SECTOR THRIFT INSTITUTIONS

BY REGION

___________________________________________________________________________________________________________________________________________________________________________

| FOURTH QUARTER 1997:

NORTHEAST

SOUTHEAST

CENTRAL

MIDWEST

WEST

INDUSTRY

| NUMBER OF THRIFT INSTITUTIONS:

257

237

363

256

102

1,215

|___________________________________________________________________________________________________________________________________________________________________________|

| PROFITABILITY ($ Millions)

| Interest Income

$2,772.93

$1,148.83

$2,872.40

$1,699.38

$5,575.68

$14,069.21

| Interest Expense

1,620.23

660.27

1,754.65

1,061.90

3,513.57

8,610.61

NET INTEREST INCOME

1,152.70

488.56

1,117.75

637.48

2,062.11

5,458.60

| Loss Provisions-Interest Bearing Assets

77.43

71.91

150.76

42.11

162.62

504.83

| Noninterest Income

363.16

296.63

462.45

312.58

704.00

2,138.82

Mortgage Loan Servicing Fees

57.46

14.76

22.17

46.73

84.88

226.00

Other Fees and Charges

177.51

173.82

162.30

130.13

328.40

972.16

Other Noninterest Income

128.19

108.05

277.98

135.72

290.72

940.66

| Noninterest Expense

867.82

520.61

1,003.17

524.86

1,489.56

4,406.01

G&A Expense

832.07

494.06

949.37

507.31

1,425.27

4,208.06

Goodwill Amortization

26.73

15.34

52.60

8.52

44.66

147.84

Loss Provisions-Noninterest Bearing Assets

9.02

11.21

1.20

9.03

19.63

50.10

| Income Before Taxes & Extraordinary Items

570.61

192.67

426.27

383.09

1,113.93

2,686.58

| Income Taxes

201.65

72.68

180.38

107.75

424.50

986.96

| Extraordinary Items

0.02

(0.66)

0.10

0.00

(0.96)

(1.50)

NET INCOME

368.98

119.34

245.99

275.35

688.47

1,698.13

|___________________________________________________________________________________________________________________________________________________________________________|

| PROFITABILITY (% of Average Assets Annualized)

| Interest Income

7.40%

7.47%

7.46%

7.43%

7.20%

7.34%

| Interest Expense

4.32

4.29

4.55

4.64

4.54

4.49

NET INTEREST INCOME

3.08

3.17

2.90

2.79

2.66

2.85

| Loss Provisions-Interest Bearing Assets

0.21

0.47

0.39

0.18

0.21

0.26

| Noninterest Income

0.97

1.93

1.20

1.37

0.91

1.12

Mortgage Loan Servicing Fees

0.15

0.10

0.06

0.20

0.11

0.12

Other Fees and Charges

0.47

1.13

0.42

0.57

0.42

0.51

Other Noninterest Income

0.34

0.70

0.72

0.59

0.38

0.49

| Noninterest Expense

2.32

3.38

2.60

2.29

1.92

2.30

G&A Expense

2.22

3.21

2.46

2.22

1.84

2.19

Goodwill Amortization

0.07

0.10

0.14

0.04

0.06

0.08

Loss Provisions-Noninterest Bearing Assets

0.02

0.07

0.00

0.04

0.03

| Income Before Taxes & Extraordinary Items

1.52

1.25

1.11

1.67

1.44

1.40

| Income Taxes

0.54

0.47

0.55

0.51

| Extraordinary Items

0.00

NET INCOME

0.98

0.78

0.64

1.20

0.89

|___________________________________________________________________________________________________________________________________________________________________________|

| PROFITABILITY (Percent)

Return on Average Assets (Annualized)

0.98

0.78

0.64

1.20

0.89

Median Ratio

0.72

0.77

0.85

0.78

0.83

0.79

Return on Average Equity (Annualized)

11.48

8.01

6.99

13.79

12.33

10.74

Median Ratio

7.35

7.63

7.84

9.12

7.70

Net Interest Margin (Annualized)

3.08

3.17

2.90

2.79

2.66

2.85

Median Ratio

3.35

3.09

3.10

3.11

3.18

Number of Profitable Thrifts

237

206

340

233

1,111

Percent Profitable

92.22

86.92

93.66

91.02

93.14

91.44

Profits ($ Millions)

$376.65

$147.39

$315.11

$281.08

$690.80

$1,811.03

Number of Unprofitable Thrifts

104

Percent Unprofitable

7.78

13.08

6.34

8.98

6.86

8.56

Losses ($ Millions)

($7.67)

($28.05)

($69.12)

($5.74)

($2.33)

($112.91)

|___________________________________________________________________________________________________________________________________________________________________________|

Net income for the third quarter 1996 was significantly reduced by a one-time special assessment fee levied to fully capitalize the SAIF.

See Technical Notes for details.

All data exclude self-liquidating thrifts.

See Technical Notes for details.

All data prior to June 1996 are unconsolidated, except where noted.

Numbers may not sum due to rounding.

Office of Thrift Supervision / March 1998

T-12