Profitability For Ots-Regulated Private-Sector Thrift Institutions Guide - Office Of Thrift Supervision - U.s. Department Of Treasury - 1998 Page 2

PROFITABILITY FOR OTS-REGULATED PRIVATE-SECTOR THRIFT INSTITUTIONS

CURRENT YEAR AND PRIOR FOUR YEARS

___________________________________________________________________________________________________________________________________________________________________________

| INDUSTRY AGGREGATES:

1993

1994

1995

1996

1997

|___________________________________________________________________________________________________________________________________________________________________________|

| SELECTED INDICATORS (Percent)

| Return on Average Assets

0.63%

0.56%

0.70%

0.62%

0.85%

Median Ratio

0.97%

0.82%

0.72%

0.44%

0.80%

| Return on Average Equity

8.66%

7.36%

9.00%

7.77%

10.50%

Median Ratio

11.79%

9.06%

7.53%

4.33%

8.02%

|___________________________________________________________________________________________________________________________________________________________________________|

| PROFITABILITY ($ Millions)

| Interest Income

$52,535.54

$49,852.82

$55,246.12

$55,164.51

$55,296.45

| Interest Expense

29,018.04

27,647.75

34,716.82

33,375.13

33,480.07

NET INTEREST INCOME

23,517.49

22,205.07

20,529.30

21,789.38

21,816.37

| Loss Provision-Interest Bearing Assets

3,582.52

2,091.57

1,736.29

2,113.88

1,962.80

| Noninterest Income

6,412.31

4,930.67

5,963.20

6,912.58

7,045.51

Mortage Loan Servicing Fees

405.44

696.09

747.79

888.25

876.28

Other Fees and Charges

2,100.66

1,986.43

2,120.85

2,759.92

3,503.93

Other Noninterest Income

3,906.21

2,248.15

3,094.57

3,264.42

2,665.30

| Noninterest Expense

18,507.51

17,597.10

16,143.00

19,858.05

16,771.91

G&A Expense

16,684.11

16,373.43

15,263.88

19,137.82

16,039.34

Goodwill Amortization

824.49

724.98

638.20

537.16

539.67

Loss Provisions-Noninterest Bearing Assets

998.91

498.69

240.92

183.07

192.91

| Income Before Taxes & extraordinary Items

7,839.77

7,447.07

8,613.21

6,730.04

10,127.17

| Income Taxes

2,819.00

2,743.97

2,935.25

1,744.00

3,670.29

| Extraordinary Items

(103.90)

(428.02)

(317.62)

(246.27)

(4.75)

NET INCOME

4,916.87

4,275.08

5,360.35

4,739.78

6,452.13

| Profits

$6,945.55

$5,957.27

$6,037.47

$5,914.98

$7,003.18

| Losses

($2,028.68)

($1,682.20)

($677.11)

($1,175.20)

($551.04)

|___________________________________________________________________________________________________________________________________________________________________________|

| PROFITABILITY (% of Average Assets Annualized)

| Interest Income

6.72%

6.50%

7.17%

7.21%

7.28%

| Interest Expense

3.71

3.61

4.50

4.36

4.41

NET INTEREST INCOME

3.01

2.90

2.66

2.85

2.87

| Loss Provision-Interest Bearing Assets

0.46

0.27

0.23

0.28

0.26

| Noninterest Income

0.82

0.64

0.77

0.90

0.93

Mortgage Loan Servicing Fees

0.05

0.09

0.10

0.12

Other Fees and Charges

0.27

0.26

0.28

0.36

0.46

Other Noninterest Income

0.50

0.29

0.40

0.43

0.35

| Noninterest Expense

2.37

2.30

2.09

2.59

2.21

G&A Expense

2.13

2.14

1.98

2.50

2.11

Goodwill Amortization

0.11

0.09

0.08

0.07

Loss Provisions-Noninterest Bearing Assets

0.13

0.07

0.03

0.02

0.03

| Income Before Taxes & Extraordinary Items

1.00

0.97

1.12

0.88

1.33

| Income Taxes

0.36

0.38

0.23

0.48

| Extraordinary Items

-0.01

-0.06

-0.04

-0.03

0.00

NET INCOME

0.63

0.56

0.70

0.62

0.85

| Profits

0.89%

0.78%

0.77%

0.92%

| Losses

-0.26%

-0.22%

-0.09%

-0.15%

-0.07%

|___________________________________________________________________________________________________________________________________________________________________________|

Return on Average Assets(Return on Average Equity) are based on reported net income and average quarterly assets(equity).

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

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