EXHIBIT 99.1
RESOURCE MORTGAGE CAPITAL, INC.
Consolidated Balance Sheets
(Thousands except share data)
September 30, December 31,
1996 1995
<
S
>
A
S
S
E
T
S
I
n
v
e
s
t
m
e
n
t
s
:
M
o
r
t
g
a
g
e
i
n
v
e
s
t
m
e
n
t
s
:
Collateral for CMOs $2,894,434 1,028,935
Mortgage securities 1,340,400 2,149,416
M 190,253 247,633
o
r
t
g
a
g
e
l
o
a
n
s
i
n
w
a
r
e
h
o
u
s
e
N 47,500 -
o
t
e
r
e
c
e
i
v
a
b
l
e
4,472,587 3,425,984
C 13,752 22,229
a
s
h
A 10,104 14,851
c
c
r
u
e
d
i
n
t
e
r
e
s
t
r
e
c
e
i
v
a
b
l
e
O 16,946 26,974
t
h
e
r
a
s
s
e
t
s
4,513,389 3,490,038
L
I
A
B
I
L
I
T
I
E
S
A
N
D
S
H
A
R
E
H
O
L
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E
R
S
'
E
Q
U
I
T
Y
L
I
A
B
I
L
I
T
I
E
S
:
C 2,710,648 949,139
o
l
l
a
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r
a
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e
d
m
o
r
t
g
a
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b
l
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a
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s
R 1,226,401 1,983,358
e
p
u
r
c
h
a
s
e
a
g
r
e
e
m
e
n
t
s
N 94,969 154,041
o
t
e
s
p
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y
a
b
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A 3,807 5,278
c
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d
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s
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a
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O 29,721 43,399
t
h
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i
a
b
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t
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s
4,065,546 3,135,215
S
H
A
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Q
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:
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d
:
9.75% Cumulative Convertible
Series A
1,552,500 issued and 35,460 35,460
outstanding
($37,260 aggregate
liquidation preference)
9.55% Cumulative Convertible
Series B
2,196,824 issued and 51,425 51,425
outstanding
($53,822 aggregate
liquidation preference)
C
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a 206 202
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A 289,085 281,508
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d
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N 65,596 (4,759)
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(
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)
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R 6,071 (9,013)
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t
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d
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a
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n
i
n
g
s
(
d
e
f
i
c
i
t
)
447,843 354,823
4,513,389 3,490,038
RESOURCE MORTGAGE CAPITAL, INC.
Consolidated Balance Sheets
(Thousands except share data)
Q N
u i
a n
r e
t M
e o
r n
E t
n h
d s
e E
d n
S d
e e
p d
t S
e e
m p
b t
e e
r m
3 b
0 e
, r
3
0
,
1996 1995 1996 1995
I
n
t
e
r
e
s
t
i
n
c
o
m
e
:
C $ $ $ $
o 40,237 18,234 95,880 40,940
l
l
a
t
e
r
a
l
f
o
r
C
M
O
s
M
o 33,388 42,110 105,344 122,695
r
t
g
a
g
e
s
e
c
u
r
i
t
i
e
s
M
o 4,025 6,406 26,505 24,941
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t
g
a
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e
l
o
a
n
s
i
n
w
a
r
e
h
o
u
s
e
N
o 763 - 1,175 -
t
e
r
e
c
e
i
v
a
b
l
e
78,413 66,750 228,904 188,576
I
n
t
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r
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s
t
a
n
d
r
e
l
a
t
e
d
e
x
p
e
n
s
e
:
C
o 14,557
l 31,191 75,270 34,747
l
a
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r
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l
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e
d
m
o
r
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g
a
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o
b
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a
t
i
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n
s
R
e 25,190 35,130 88,150 111,441
p
u
r
c
h
a
s
e
a
g
r
e
e
m
e
n
t
s
N
o 1,743 3,192 6,588 9,045
t
e
s
p
a
y
a
b
l
e
O
t 387 791 2,083 3,182
h
e
r
P
r 900 1,174 1,700 1,636
o
v
i
s
i
o
n
f
o
r
l
o
s
s
e
s
59,411 54,844 173,791 160,051
N
e 19,002 11,906 55,113 28,525
t
i
n
t
e
r
e
s
t
m
a
r
g
i
n
G
a 1,912 2,307 14,615 7,157
i
n
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n
s
a
l
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o
f
a
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t
s
O
t 89 316 1,112 2,235
h
e
r
i
n
c
o
m
e
G
e (4,445) (4,401) (15,700) (13,152)
n
e
r
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l
a
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d
a
d
m
i
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s
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r
a
t
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x
p
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s
N
e $ $ $ $
t 16,558 10,128 55,140 24,765
i
n
c
o
m
e
N
e 16,558 10,128 55,140 24,765
t
i
n
c
o
m
e
D
i (2,195) (908) (6,581) (908)
v
i
d
e
n
d
s
o
n
p
r
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f
e
r
r
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d
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c
k
N
e $ $ $ $
t 14,363 9,220 48,559 23,857
i
n
c
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a
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a
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s
P
e
r
c
o
m
m
o
n
s
h
a
r
e
:
Primary $ $ $ $
0.70 0.46 2.38 1.19
Fully diluted $ $ $ $
0.68 0.46 2.28 1.19
W
e
i
g
h
t
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d
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m
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s
o
u
t
s
t
a
n
d
i
n
g
Primary
20,510,77 20,129,0 20,385,59 20,104,26
7 11 2 5
Fully diluted
24,260,10 21,686,8 24,134,91 20,619,04
1 70 6 5