Profitability For Ots-Regulated Private-Sector Thrift Institutions Guide - Office Of Thrift Supervision - U.s. Department Of Treasury - 1998 Page 22

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

___________________________________________________________________________________________________________________________________________________________________________

| FOR THE QUARTER ENDING:

DEC 1993

DEC 1994

DEC 1995

DEC 1996

DEC 1997

| NUMBER OF THRIFT INSTITUTIONS:

1,669

1,543

1,437

1,334

1,215

|___________________________________________________________________________________________________________________________________________________________________________|

| PROFITABILITY ($ Millions)

| Interest Income

$12,482.02

$12,904.53

$13,935.75

$13,843.65

$14,069.21

| Interest Expense

6,787.33

7,601.54

8,738.60

8,384.50

8,610.61

NET INTEREST INCOME

5,694.69

5,302.99

5,197.15

5,459.15

5,458.60

| Loss Provisions-Interest Bearing Assets

819.57

503.71

515.15

704.88

504.83

| Noninterest Income

1,754.88

1,335.01

1,311.23

1,768.68

2,138.82

Mortgage Loan Servicing Fees

112.27

186.20

177.61

230.15

226.00

Other Fees and Charges

558.08

497.03

561.45

750.98

972.16

Other Noninterest Income

1,084.53

651.78

572.17

787.56

940.66

| Noninterest Expense

4,725.01

4,471.30

4,098.51

4,394.82

4,406.01

G&A Expense

4,331.06

4,119.81

3,849.51

4,205.91

4,208.06

Goodwill Amortization

173.25

278.01

186.26

130.75

147.84

Loss Provisions-Noninterest Bearing Assets

220.70

73.48

62.74

58.17

50.10

| Income Before Taxes & Extraordinary Items

1,904.98

1,663.00

1,894.72

2,128.13

2,686.58

| Income Taxes

745.27

609.85

550.99

660.48

986.96

| Extraordinary Items

(84.97)

(4.50)

(81.03)

0.61

(1.50)

NET INCOME

1,074.74

1,048.65

1,262.69

1,468.25

1,698.13

|___________________________________________________________________________________________________________________________________________________________________________|

| PROFITABILITY (% of Average Assets Annualized)

| Interest Income

6.47%

6.73%

7.28%

7.23%

7.34%

| Interest Expense

3.52

3.97

4.56

4.38

4.49

NET INTEREST INCOME

2.95

2.77

2.71

2.85

| Loss Provisions-Interest Bearing Assets

0.42

0.26

0.27

0.37

0.26

| Noninterest Income

0.91

0.70

0.68

0.92

1.12

Mortgage Loan Servicing Fees

0.06

0.10

0.09

0.12

Other Fees and Charges

0.29

0.26

0.29

0.39

0.51

Other Noninterest Income

0.56

0.34

0.30

0.41

0.49

| Noninterest Expense

2.45

2.33

2.14

2.29

2.30

G&A Expense

2.24

2.15

2.01

2.20

2.19

Goodwill Amortization

0.09

0.15

0.10

0.07

0.08

Loss Provisions-Noninterest Bearing Assets

0.11

0.04

0.03

| Income Before Taxes & Extraordinary Items

0.99

0.87

0.99

1.11

1.40

| Income Taxes

0.39

0.32

0.29

0.34

0.51

| Extraordinary Items

-0.04

0.00

-0.04

0.00

NET INCOME

0.56

0.55

0.66

0.77

0.89

|___________________________________________________________________________________________________________________________________________________________________________|

| PROFITABILITY (Percent)

Return on Average Assets (Annualized)

0.56

0.55

0.66

0.77

0.89

Median Ratio

0.91

0.79

0.73

0.83

0.79

Return on Average Equity (Annualized)

7.44

7.24

8.31

9.75

10.74

Median Ratio

10.64

8.58

7.28

8.48

7.70

Net Interest Margin (Annualized)

2.95

2.77

2.71

2.85

Median Ratio

3.40

3.36

3.10

3.21

3.18

Number of Profitable Thrifts

1,537

1,393

1,304

1,235

1,111

Percent Profitable

92.09

90.28

90.74

92.58

91.44

Profits ($ Millions)

$1,588.93

$1,456.03

$1,537.07

$1,650.07

$1,811.03

Number of Unprofitable Thrifts

132

150

133

104

Percent Unprofitable

7.91

9.72

9.26

7.42

8.56

Losses ($ Millions)

($514.18)

($407.38)

($274.38)

($181.82)

($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-22