Table of Contents
Landmark Financial Corp.
Canajoharie, New York
INTRODUCTION............................................................... 1
1. OVERVIEW AND FINANCIAL ANALYSIS........................................ 3
General Overview....................................................... 3
Strategic Direction.................................................... 4
Balance Sheet Trends................................................... 6
Loan Portfolio......................................................... 9
Securities............................................................. 12
Investments and Mortgage-Backed Securities............................. 13
Asset Quality.......................................................... 15
Funding Composition.................................................... 18
Asset/Liability Management............................................. 21
Net Worth and Capital.................................................. 22
Income and Expense Trends.............................................. 23
Subsidiaries........................................................... 27
Legal Proceedings...................................................... 27
2. MARKET AREA ANALYSIS................................................... 28
Branch Facilities...................................................... 28
Market Area Demographics............................................... 29
Market Area Deposit Characteristics.................................... 32
3. COMPARISONS WITH PUBLICLY TRADED THRIFTS............................... 34
Introduction........................................................... 34
Selection Screens...................................................... 34
Selection Criteria .................................................... 36
Comparable Group Profiles.............................................. 38
Corporate Data......................................................... 43
Key financial Data .................................................... 44
Capital Data........................................................... 45
Asset Quality Data..................................................... 46
Profitability Data..................................................... 47
Income Statement Data.................................................. 48
Growth Data............................................................ 49
Market Capitalization Data............................................. 50
Dividend Data.......................................................... 51
Pricing Data........................................................... 52
4. MARKET VALUE DETERMINATION............................................. 53
Introduction........................................................... 53
Financial Strength..................................................... 54
Earnings Quality, Predictability and Growth............................ 56
Market area............................................................ 60
Management............................................................. 61
Dividends.............................................................. 62
Liquidity of the Issue................................................. 63
Subscription Interest.................................................. 64
Recent Regulatory matters.............................................. 65
Market for Seasoned Thrift Stocks...................................... 66
Acquisition Market.................................................... 70
Adjustments to value................................................... 78
Valuation Approach..................................................... 79
Valuation Conclusion................................................... 82
List of Figures
Landmark Financial Corp.
Canajoharie, New York
FIGURE 1 - CURRENT BRANCH LIST............................................. 3
FIGURE 2 - BRANCH MAP...................................................... 3
FIGURE 3 - HISTORICAL TIMELINE............................................. 4
FIGURE 4 - ASSET AND RETAINED EARNINGS CHART............................... 6
FIGURE 5 - AVERAGE YIELDS AND COSTS........................................ 7
FIGURE 6 - KEY BALANCE SHEET DATA.......................................... 8
FIGURE 7 - LOAN MIX AS OF MARCH 31, 1997 CHART............................. 9
FIGURE 8 - NET LOANS RECEIVABLE CHART...................................... 10
FIGURE 9 - LOAN MIX........................................................ 11
FIGURE 10 - SECURITIES CHART............................................... 12
FIGURE 11 - INVESTMENT AND MORTGAGE-BACKED SECURITIES MIX................. 13
FIGURE 12 - INVESTMENT PORTFOLIO MATURITY.................................. 14
FIGURE 13 - NON-PERFORMING ASSETS CHART.................................... 15
FIGURE 14 - NON-PERFORMING LOANS........................................... 16
FIGURE 15 - ALLOWANCE FOR POSSIBLE LOAN AND LEASE LOSSES CHART............. 17
FIGURE 16 - DEPOSIT MIX.................................................... 18
FIGURE 17 - DEPOSIT TREND CHART............................................ 19
FIGURE 18 - TIME DEPOSITS MATURITY SCHEDULE................................ 20
FIGURE 19 - NPV ANALYSIS CHART............................................. 21
FIGURE 20 - CAPITAL ANALYSIS............................................... 22
FIGURE 21 - NET INCOME CHART............................................... 23
FIGURE 22 - SPREAD AND MARGIN CHART........................................ 24
FIGURE 23 - INCOME STATEMENT TRENDS........................................ 25
FIGURE 24 - PROFITABILITY TREND CHART...................................... 26
FIGURE 25 - MARKET AREAS................................................... 28
FIGURE 26 - BRANCH FACILITY TABLE.......................................... 28
FIGURE 27 - TARGET MARKET TABLE............................................ 29
FIGURE 28 - MARKET AREA MAP................................................ 29
FIGURE 29 - DEMOGRAPHIC CHARACTERISTICS TABLE.............................. 30
FIGURE 30 - HOUSING DEMOGRAPHICS TABLE..................................... 31
FIGURE 31 - MARKET AREA DEPOSITS TABLE..................................... 32
FIGURE 32 - DEPOSIT TRENDS TABLE.......................................... 33
FIGURE 33 - KEY FINANCIAL INDICATORS....................................... 41
FIGURE 34 - COMPARABLE CORPORATE DATA...................................... 43
FIGURE 35 - COMPARABLE KEY FINANCIAL DATA.................................. 44
FIGURE 36 - COMPARABLE CAPITAL DATA........................................ 45
FIGURE 37 - COMPARABLE ASSET QUALITY DATA.................................. 46
FIGURE 38 - COMPARABLE PROFITABILITY DATA.................................. 47
FIGURE 39 - COMPARABLE INCOME STATEMENT DATA............................... 48
FIGURE 40 - COMPARABLE GROWTH DATA......................................... 49
FIGURE 41 - COMPARABLE MARKET CAPITALIZATION DATA.......................... 50
FIGURE 42 - COMPARABLE DIVIDEND DATA....................................... 51
FIGURE 43 - COMPARABLE PRICING DATA........................................ 52
FIGURE 44 - NET INCOME CHART............................................... 57
FIGURE 45 - ITEMIZATION OF NET INCOME ADJUSTMENTS.......................... 58
FIGURE 46 - SPREAD AND MARGIN CHART........................................ 58
FIGURE 47 - SNL THRIFT INDEX CHART......................................... 66
FIGURE 48 - HISTORICAL SNL INDEX........................................... 67
FIGURE 49 - EQUITY INDICES................................................. 68
FIGURE 50 - HISTORICAL RATES............................................... 69
FIGURE 51 - DEALS FOR LAST FIVE QUARTERS................................... 70
FIGURE 52 - CURRENT THRIFT ACQUISITION MULTIPLES, PRICE TO BOOK............ 71
FIGURE 53 - CURRENT THRIFT ACQUISITION MULTIPLES, PRICE TO TANGIBLE BOOK... 72
FIGURE 54 - THRIFT ACQUISITION MULTIPLES, PRICE TO EARNINGS................ 73
FIGURE 55 - CURRENT THRIFT ACQUISITION MULTIPLES, PRICE TO ASSETS.......... 74
FIGURE 56 - CURRENT THRIFT ACQUISITION MULTIPLES, PRICE TO DEPOSITS........ 75
FIGURE 57 - DEAL MULTIPLES................................................. 76
FIGURE 58 - NEW YORK THRIFT ACQUISITION TABLE.............................. 76
FIGURE 59 - VALUE RANGE OFFERING DATA...................................... 80
FIGURE 60 - COMPARABLE PRICING MULTIPLES................................... 81
FIGURE 61 - RECENT STANDARD CONVERSION MULTIPLES........................... 81
List of Exhibits
Landmark Financial Corp.
Canajoharie, New York
Exhibit
- -------
1 Consolidated Balance Sheets
2 Consolidated Statements of Income
3 Consolidated Statements of Equity Capital
4 Consolidated Statements of Cash Flows
5 Selected Market Data - All Public Thrifts
6 Market Multiples - Comparables
7 Selected Market Data - 1996-to-Date Standard Conversions
8 Pro-Forma Appraisal Calculation - Offering Circular 3/31/97 unadjusted data
9 Pro-Forma Appraisal Calculation - Appraisal 3/31/97 adjusted data
10 Profile of Finpro, Inc.
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Introduction
This report represents FinPro, Inc.'s ("FinPro") independent appraisal of the
estimated pro-forma market value of the common stock ( the "Common Stock") of
Landmark Financial Corp. (the "Holding Company") in connection with the Plan
of Conversion ("Conversion") of Landmark Community Bank ("Landmark" or the
"Bank") from a federally chartered mutual savings bank to a federally
chartered stock savings bank. Pursuant to the Plan of Conversion, (i)
Landmark will convert from a federally chartered savings bank organized in
mutual form to a federally chartered savings bank organized in the stock
form, (ii) Landmark will sell its capital stock to the Holding Company, a
Delaware Corporation, and become a wholly owned subsidiary of the Holding
Company, and (iii) the Holding Company will offer and sell shares of its
common stock in a subscription and community offering.
It is our understanding that the Company will offer its stock in a
subscription and community offering to the Bank's Eligible Account Holders,
to the Bank's ESOP, to Supplemental Eligible Account Holders of the Bank, to
Other Participants, to the board members, officers and employees of the Bank,
and to the community. This appraisal has been prepared in accordance with
Regulation 563b.7 and with the "Guidelines for Appraisal Reports for the
Valuation of Savings and Loan Associations Converting from Mutual to Stock
Form of Organization" of the Office of Thrift Supervision ("OTS") which have
been adopted in practice by the Federal Deposit Insurance Corporation
("FDIC"), including the most recent revisions as of October 21, 1994, and
applicable regulatory interpretations thereof.
In the course of preparing our report, we reviewed the audited financial
statements of the Bank's operations for the twelve month period ended March
31, 1997 and the Bank's operations and financials for the prior two year
period. We also reviewed the Bank's Application for Approval of Conversion
including the Proxy Statement and the Company's Form S-1 registration
statement as filed with the Securities and Exchange Commission ("SEC"). We
have conducted due diligence analysis of the Bank and the Company
(hereinafter, collectively referred to as "the Bank") and held due diligence
related discussions with the Bank's management and board, Harvazinski &
Montanye, LLP (the Bank's independent audit firm), Luse Lehman Gorman
Pomerenk & Schick (the Bank's special counsel), and Trident Securities (the
Bank's marketing advisor). The valuation parameters set forth in the
appraisal were predicated on these discussions but all conclusions related to
the valuation were reached and made independent of such discussions.
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Where appropriate, we considered information based upon other publicly
available sources, which we believe to be reliable; however, we cannot
guarantee the accuracy or completeness of such information. We visited
Landmark's primary market area and reviewed the market area economic
condition. We also reviewed the competitive environment in which Landmark
operates and its relative strengths and weaknesses. We compared Landmark's
performance with selected publicly traded thrift institutions. We reviewed
conditions in the securities markets in general and in the market for savings
institutions in particular. Our analysis included a review of the estimated
effects of the Conversion on Landmark, operation and expected financial
performance as they related to Landmark's estimated pro-forma value.
In preparing our valuation, we relied upon and assumed the accuracy and
completeness of financial and other information provided to us by Landmark
and its independent accountants. We did not independently verify the
financial statements and other information provided by Landmark and its
independent accountants, nor did we independently value any of Landmark's
assets or liabilities. This estimated valuation considers Landmark only as a
going concern and should not be considered as an indication of its
liquidation value.
Our valuation is not intended, and must not be construed, to be a
recommendation of any kind as the advisability of purchasing shares of Common
Stock in the Conversion. Moreover, because such valuation is necessarily
based upon estimates and projections of a number of matters, all of which are
subject to change from time to time, no assurance can be given that persons
who purchase shares of Common Stock in the Conversion will thereafter be able
to sell such shares at prices related to the foregoing valuation of the
pro-forma market value thereof. FinPro is not a seller of securities within
the meaning of any federal or state securities laws and any report prepared
by FinPro shall not be used as an offer or solicitation with respect to the
purchase or sale of any securities.
The estimated valuation herein will be updated as appropriate. These updates
will consider, among other factors, any developments or changes in Landmark
financial condition, operating performance, management policies and
procedures, and current conditions in the securities market for thrift
institution common stock. Should any such developments or changes, in our
opinion, be material to the estimated pro-forma market value of Landmark,
appropriate adjustments to the estimated pro-forma market value will be made.
The reasons for any such adjustments will be explained at that time.
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1. Overview and Financial Analysis
GENERAL OVERVIEW
The Bank, after the Reorganization, will be a federally chartered stock
savings bank headquartered in Canajoharie, New York. The Bank maintains one
branch office located in Montgomery County as follows:
FIGURE 1 - CURRENT BRANCH LIST
County Office Town
- --------------------------------------------------------------------------------
Montgomery 26 Church Street Canajoharie
The branch distribution map follows:
FIGURE 2 - BRANCH MAP
[MAP OF MONTGOMERY COUNTY APPEARS HERE]
The Bank is regulated by the OTS. The Bank's deposits are insured up to the
maximum by the Savings Association Insurance Fund ("SAIF") of the FDIC.
Conversion Valuation Appraisal Report Page: 1 - 4
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The Bank was founded in 1925. Additional notable events include:
Figure 3 - Historical Timeline
1925 The Canajoharie Building Savings and Loan Association was established.
1972 The Bank moved to its present location and purchased the building.
1984 The Bank converted from a manual posting system to a data processing
system.
1992 Connecticut Online became the Bank's data processor.
1997 The Bank changed its name from Canajoharie Building Savings and Loan
Association to Landmark Community Bank.
The Bank initiated conversion from a mutual savings bank to a stock
institution through a planned IPO.
As of March 31, 1997, the Bank had $11.3 million in assets, $10.2 million in
deposits and $956 thousand in equity, or 8.44% of period end assets.
STRATEGIC DIRECTION
The Bank has operated as a community oriented savings institution since
inception, accepting retail consumer deposits and investing those funds in
residential one-to-four family loans within its primary market area. To a
significantly lesser extent, the Bank invests in home equity, home
improvement, account, and commercial loans. The Bank's balance sheet has
increased by 38.12% or $3.1 million from March 31, 1993 to March 31, 1997.
Since March 31, 1993, the asset mix has changed with total net loans
increasing from $6.2 million, or 75.3% of total assets, to $9.4 million, or
82.9% of total assets, at March 31, 1997. During the same period of time,
mortgage-backed and investment securities increased from $398 thousand or
4.85% of assets to $855 thousand or 7.55% of total assets at March 31, 1997.
On the liability side, deposits increased by $2.9 million, or 41.16%, from
$7.3 million at March 31, 1993 to $10.2 million at March 31, 1997. Retained
earnings increased by $146 thousand, or 18.02%, during the same period.
The overall objective is to build core deposits through existing and
potential new branch locations.
Conversion Valuation Appraisal Report Page: 1 - 5
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The Bank has retained a sharp focus on its local communities and remains
committed to serve the communities in which it has a presence.
The Bank's loan portfolio is relatively one dimensional and the Bank adheres
to a high level of underwriting standards.
The Bank's income, as a result of its traditional thrift emphasis, is heavily
dependent on its interest rate spread and net interest margin. Non-interest
income provides a very modest contribution to the Bank's bottom line, and
operating expenses have been tightly controlled. As a result of the modest
level of interest rate risk and competitive market pressures, the Bank has
experienced a decrease in its interest rate spread and net interest margin
during the last few years. Without balance sheet growth, Management believes
that earnings will continue to stagnate and further decline, regardless of
interest rate movements either up or down. As such, the strategic plan has
the following major thrusts:
1. Complete the public issuance to raise capital to fund growth
opportunities and to strengthen the capital position of the Bank;
2. Leverage the balance sheet to enhance net interest income and to fully
utilize the Bank's cost structure;
3. Target core deposit growth including the possibility of a de-novo
branch;
4. Continue to emphasize real estate and consumer (primarily auto) loans.
To facilitate growth, the Bank plans to emphasize checking accounts on the
deposit side and to expand its product mix on the asset side.
At March 31, 1997 the Bank had $235 thousand or 2.3% of total deposits in
checking accounts and an additional $3.9 million or 37.92% in passbook
accounts. To foster further growth, the Bank plans on expanding the
commercial checking accounts.
The shift in the loan mix is reflective of the shortage of bankable assets
and the availability of those types of loan products in the market that the
Bank serves.
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BALANCE SHEET TRENDS
Total assets declined through March 31, 1996, but increased in 1997 by 48.9%.
The increase was internally generated loan growth of $3.9 million or 69.9%.
[Figure 4 - Asset and Retained Earnings Chart]
At March 31,
----------------
1993 1994 1995 1996 1997
---- ---- ---- ---- ----
(dollars in thousands)
Assets................................... 8,202 8,212 7,628 7,606 11,326
Retained Earnings........................ 379 389 401 411 956
The actual and average balance sheet, as of March 31, 1997, and the average
balance sheet for March 31, 1996 are shown in the following table. As the
table illustrates, on an average basis, the Bank's net interest margin
decreased from 4.08% in 1996 to 3.78% in 1997. The higher cost of funds
during 1997 was due to the national CD program implemented to fund the loan
growth.
Figure 5 - Average Yields and Costs
Twelve Months Ended March 31,
At March 31 --------------------------------
1997 1997
----------------------- --------------------------------
Outstanding Average Interest
Balance Yield/Rate Balance Earned/Paid Yield/Rate
----------- ---------- ------- ----------- ----------
Interest-earning assets:
Loans receivable(1).............................. $ 9,392 8.78% $6,960 $ 585 8.41%
Mortgage-backed securites........................ 257 8.97% 290 26 8.97%
Investment securities............................ 598 6.87% 393 27 6.87%
FHLB stock....................................... 59 6.35% 61 4 6.56%
Interest bearing deposits........................ 120 6.50% 846 46 5.44%
----------- ------- -----------
Total interest-earning assets(1)............... $10,426 8.62% 8,550 688 8.05%
----------- ------- -----------
Interest-bearing liabilities:
Interest-bearing checking........................ 235 1.75% 63 1 1.59%
Passbook accounts................................ 3,584 3.00% 3,703 108 2.92%
Certificate accounts............................. 6,120 5.70% 3,870 217 5.61%
----------- ------- ------- ----------- -------
Total interest bearing liabilities............. 9,939 4.62% 7,636 326 4.27%
----------- ------- -----------
Net interest income............................... $ 362
-----------
-----------
Net interest rate spread.......................... 4.00% 3.78%
---------- ----------
---------- ----------
Net earning assets................................ $ 487 $ 914
----------- -------
----------- -------
Net Yield on average interest-earnings assets..... 4.23%
-----------
-----------
Average interest-earning assets to average
interest-bearing liabilities..................... 1.12x
-----------
-----------
Twelve Months Ended March 31,
--------------------------------
1996
--------------------------------
Average Interest
Balance Earned/Paid Yield/Rate
------- ----------- ----------
Interest-earning assets:
Loans receivable(1).............................. $5,866 $ 516 8.80%
Mortgage-backed securites........................ 249 22 8.84%
Investment securities............................ 314 19 6.05%
FHLB stock....................................... 64 5 7.81%
Interest bearing deposits........................ 1,178 60 5.09%
------- -----------
Total interest-earning assets(1)............... 7,671 622 8.11%
------- -----------
Interest-bearing liabilities:
Interest-bearing checking........................ -- -- 0.00%
Passbook accounts................................ 4,185 126 3.01%
Certificate accounts............................. 2,517 144 5.72%
------- ----------- -------
Total interest bearing liabilities............. 6,702 270 4.03%
------- -----------
Net interest income.............................. $ 352
-----------
-----------
Net interest rate spread.......................... 4.08%
---------
---------
Net earning assets................................ $ 969
-------
-------
Net Yeild on average interest-earnings assets..... 4.59%
-----------
-----------
Average interest-earning assets to average
interest-bearing liabilities..................... 1.14x
-----------
-----------
(1) Calculated net of deferred loan fees, loan discounts, loans in process
and loss reserves.
Source: Offering Prospectus
The following table sets forth certain information concerning the financial
position of the Bank at the dates indicated.
Figure 6 - Key Balance Sheet Data
At March 31,
----------------------------------------------------------
Selected Financial Condition Data 1997 1996 1995 1994 1993
- --------------------------------- ---------- ---------- ---------- ---------- ----------
Total assets $ 11,326 $ 7,606 $ 7,628 $ 8,212 $ 8,200
Cash and cash equivalents 709 1,351 881 1,495 1,413
Loans receivable, net 9,392 5,528 6,267 6,248 6,178
Trading account securities 69 - - - -
Mortgage-backed securities:
Held to maturity 257 340 206 255 319
Investment securities:
Held to maturity 200 - - - -
Available for sale 398 241 134 2 79
FHLB stock 59 64 64 64 61
Deposits 10,237 6,465 6,518 7,228 7,252
Advances by borrowers for taxes and insurance 107 95 155 148 127
Retained earnings - substantially restricted 956 411 401 389 379
Retained earnings - unrestricted - 582 506 435 431
Source: Offering Prospectus
LOAN PORTFOLIO
At March 31, 1997, the Bank's loan portfolio consisted primarily (74.9%) of
first mortgage loans secured by one-to-four family properties. To a much
lesser extent, the Bank maintained a personal l portfolio, consisting
primarily of auto loans, (16.2%) and a commercial lending portfolio (6.1%).
March 31, 1997, the Bank's loan portfolio consisted primarily (74.9%) of
first mortgage loans secured by one
Figure 7 - Loan Mix as of March 31, 1997 Chart
One-to-four family 74.9%
Commercial loans 6.1%
Property improvements 0.3%
Passbook loans 2.4%
Personal loans 16.2%
Source: Offering Prospectus
As of March 31, 1997, the Bank had a total net loan portfolio of $9.4 million
or 82.9% of period end assets.
Figure 8 - Net Loans Receivable Chart
At March 31,
----------------------------------------------
1993 1994 1995 1996 1997
------ ------ ------ ------ ------
(dollars in thousands)
Low receivable, net $6,178 $6,248 $6,267 $5,528 $9,392
Net loans to assets 75.0% 76.1% 82.2% 72.7% 82.9%
Source: Offering Prospectus
The Bank decreased its reliance on one-to-four family during the fiscal year
ending March 31, 1997, decreasing the ratio to total loans from 95.5% to 74.9%.
The largest increases in the other portfolio elements occurred in personal
loans.
Figure 9 - Loan Mix
At March 31,
------------------------------------------------------------------------------------
1997 1996 1995 1994
------------------ ------------------ ------------------ ------------------
$ % $ % $ % $ %
-------- ------ -------- ------ -------- ------ -------- ------
(Dollars in thousands)
Real Estate Loans:
One-to-four family.............. $ 7,185 74.93% $ 5,312 95.54% $ 6,218 95.59% $ 6,207 94.71%
Commercial........................ 392 4.09% -- 0.00% -- 0.00% -- 0.00%
Construction or development....... -- 0.00% -- 0.00% -- 0.00% -- 0.00%
-------- ------ -------- ------ -------- ------ -------- ------
Total real estate loans......... 7,577 79.02% 5,312 95.54% 6,218 95.59% 6,207 94.71%
-------- ------ -------- ------ -------- ------ -------- ------
Other Loans:
Consumer Loans:
Property improvement.......... 30 0.31% 56 1.01% 45 0.69% 29 0.44%
Passbook loans................ 229 2.39% 123 2.21% 154 2.37% 105 1.60%
Personal loans................ 1,558 16.25% 69 1.24% 88 1.35% 99 1.51%
Education loans............... -- 0.00% -- 0.00% -- 0.00% 114 1.74%
-------- ------ -------- ------ -------- ------ -------- ------
Total consumer loans............ 1,817 18.95% 248 4.46% 287 4.41% 347 5.29%
Commercial business loans......... 195 2.03% -- 0.00% -- 0.00% -- 0.00%
-------- ------ -------- ------ -------- ------ -------- ------
Total loans....................... 9,589 100.00% 5,560 100.00% 6,505 100.00% 6,554 100.00%
Less:
Loans in process................ (87) -- --
Allowance for losses............ (110) (32) (32) (32)
-------- -------- -------- --------
Total loans receivable, net....... $ 9,392 $ 5,528 $ 6,473 $ 6,502
-------- -------- -------- -------
-------- -------- -------- -------
Source: Offering Prospectus
11
SECURITIES
The total securities portfolio of the Bank increased from $398 thousand or 4.85%
of total assets at March 31, 1993 to $855 thousand or 7.55% of total assets at
March 31, 1997.
Figure 10 - Securities Chart
At March 31,
1993 1994 1995 1996 1997
---- ---- ---- ---- ----
Investment Securities, AFS......... 79 2 134 241 398
MBS, HTM........................... 319 255 206 340 257
Investment Securities, HTM......... -- -- -- -- 200
Source: Offering Prospectus
12
INVESTMENTS AND MORTGAGE-
BACKED SECURITIES
At 54.82%, the majority of the investment portfolio is classified as
available-for-sale at March 31, 1997. However, the entire Mortgage-Backed
Security portfolio is classified as held-to-maturity.
Figure 11 - Investment and Mortgage-Backed Securities Mix
At March 31
------------------------------------------
1997 1996
-------------------- ------------------
Book % of Book % of
Value Total Value Total
------- -------- ------- -------
(Dollars in Thousands)
Investment securities held to maturity:
Federal agency obligations........................... $ 200 27.55% $ -- 0.00%
Investment securities available for sale:
U.S. Government securities........................... 398 54.82% -- 0.00%
Federal agency obligations........................... -- 0.00% 200 65.57%
Equity securities.................................... -- 0.00% 41 13.44%
------- -------- ------- -------
Subtotal............................................ 598 82.37% 241 79.02%
Trading account security.............................. 69 9.50% -- 0.00%
FHLB stock............................................ 59 8.13% 64 20.98%
------- -------- ------- -------
Total investment securities and FHLB stock........... $ 726 100.00% $ 305 100.00%
------- -------- ------- -------
------- -------- ------- -------
Average remaining life of debt securities............. 4.25 years 1.4 years
Other interest-earning assets:
Interest-bearing deposits with banks................. $ 120 100.00% $ 1,231 100.00%
Federal funds sold................................... -- 0.00% -- 0.00%
------- -------- ------- -------
Total............................................... $ 120 100.00% $ 1,231 100.00%
------- -------- ------- -------
------- -------- ------- -------
Mortgage-backed securities held to maturity
GNMA................................................. $ 267 103.89% $ 351 103.24%
Mortgage-backed securities available for sale
GNMA................................................. -- 0.00% -- 0.00%
Unamortized premium (discounts), net.................. (10) -3.89% (11) -3.24%
------- -------- ------- -------
Total mortgage-backed securities..................... $ 257 100.00% $ 340 100.00%
------- -------- ------- -------
------- -------- ------- -------
Source: Offering Prospectus
13
Figure 12 - Investment Portfolio Maturity
As of March 31, 1997
----------------------------------------------------------------------------
One Year One to Five Five to Ten More than Total Investment
or Less Years Years Ten Years Securities
-------- ----------- ----------- --------- -----------------
Book Book Book Book Book Market
Value Value Value Value Value Value
-------- ----------- ----------- --------- ----- ------
(Dollars in Thousands)
U.S. government securities........ $ -- $399 $-- $ -- $399 $398
Federal agency securities......... -- 100 -- 100 200 197
Mortgage-backed securities........ -- 16 29 212 257 248
-------- ----------- ----------- -------- ------ ------
Total investment securities....... $ -- $515 $29 $312 $856 $843
-------- ----------- ----------- -------- ------ ------
-------- ----------- ----------- -------- ------ ------
Weighted average yield............ 0.00% 6.27% 8.04% 9.13% 7.37% 7.45%
-------- ----------- ----------- -------- ------ ------
-------- ----------- ----------- -------- ------ ------
Source: Offering Prospectus
14
ASSET QUALITY
At March 31, 1997, the Bank had $47 thousand in non-performing loans and no REO.
Figure 13 - Non-Performing Assets Chart
Year Ended March 31,
1997 1996 1995 1994 1993
---- ---- ---- ---- ----
(Dollars in thousands)
Non-Deferring Loans................ $47 $0 $0 $0 $0
Non-Deferring Loan to Period End
Assets............................ .41% 0% 0% 0% 0%
Source: Offering Prospectus
15
At March 31, 1997 the Bank's non-performing loans to total loans ratio was
0.49%. Total non-performing assets (non-accrual loans plus REO) to total asset
ratio was 0.41%.
Figure 14 - Non-Performing Loans
At March 31, 1997
($ in thousands)
Non-performing loans $47
Real estate owned, net $0
Total non-performing assets $47
Non-performing loans as a percentage of total loans 0.49%
Non-performing assets to total assets 0.41%
Source: Offering Prospectus
16
The Bank's allowance for loan and lease losses ("ALLL") remained level from 1993
to 1996. During the twelve months ending March 31, 1997, the ALLL increased $78
thousand to $110 thousand to be consistent with the loan growth during the same
period. At March 31, 1997, the Bank's ratios of ALLL to loans was 1.17% and
ALLL to total non-performing assets was 234.04%.
Figure 15 - Allowance for Possible Loan and Lease Losses Chart
At March 31
1993 1994 1995 1996 1997
---- ---- ---- ---- ----
(Dollars in thousands)
ALL................................ $31 $32 $32 $32 $110
ALL+NPA............................ 0% 0% 0% 0% 235.32%
Source: Offering Prospectus
17
FUNDING COMPOSITION
Historically, the Bank has relied on specific product and price promotions to
attract and retain deposits. As such, market interest rates and rates
offered by competitive institutions significantly affect the Bank's ability
to attract and retain deposits. For the twelve months ending March 31, 1997
the Bank's average deposit mix is as follows:
Figure 16 - Deposit Mix
Weighted Amount Amount
Category Avg Interest 3/31/97 % of 3/31/96 % of
Rate $ In 000's Deposits $ in 000's Deposits
- -------------------------------------------------------------------------------------------------------
Checking Accounts 1.75% $ 235 2.30% $ -- 0.00%
Passbook Accounts 3.00% 3,882 37.92% 3,683 56.97%
Total Core Deposits 2.93% 4,117 40.22% 3,683 56.97%
Certificate of Deposits 5.70% 6,120 59.78% 2,782 43.03%
- -------------------------------------------------------------------------------------------------------
Total 4.59% 10,237 100.00% $ 6,465 100.00%
- --------------------------------------------------------------------------------------------------------
Source: Offering Prospectus
As the figure above highlights, the Bank is dependent on time deposits
(certificates of deposit) which tend to be rate sensitive instruments.
Deposits, decreasing from 1993 to 1996, grew by $3.8 million during the twelve
months ending March 31, 1997 due to the implementation of a national CD program
and interest bearing checking.
Figure 17 - Deposit Trend Chart
At March 31,
---------------------------------------
1993 1994 1995 1996 1997
------ ------ ------ ------ -------
(Dollars in thousands)
Total Deposits ................... $7,252 $7,228 $6,518 $6,465 $10,237
Borrowed Funds ................... $ 0 $ 0 $ 0 $ 0 $ 0
Source: Offering Prospectus
19
Figure 18 - Time Deposits Maturity Schedule
Total Weighted Percent
Balance Average Rate of Total
-------- ------------ --------
Certificate accounts maturing in
quarter ending:
June 30, 1997....................... $ 370 5.07% 6.05%
September 30, 1997.................. 544 5.11% 8.89%
December 31, 1997................... 728 5.45% 11.90%
March 31, 1998...................... 234 5.56% 3.82%
June 30, 1998....................... 233 5.40% 3.81%
September 30, 1998.................. 1,058 5.97% 17.29%
December 31, 1998................... 408 5.68% 6.67%
March 31, 1999...................... 811 4.70% 13.25%
June 30, 1999....................... 1 5.25% 0.02%
September 30, 1999.................. 135 5.97% 2.21%
December 31, 1999................... 192 5.92% 3.14%
March 31, 2000...................... 605 6.39% 9.89%
June 30, 2000....................... 236 7.12% 3.86%
Thereafter.......................... 565 6.69% 9.23%
-------- ------------ --------
Total............................ $ 6,120 5.70% 100.00%
-------- ------------ --------
-------- ------------ --------
Source: Offering Prospectus
Almost one third, or 30.66% ,of all time deposits will mature during the next
twelve months.
20
ASSET/LIABILITY MANAGEMENT
The Bank manages it's interest rate risk through normal balance sheet activities
and does not utilize any hedging techniques or other capital market activities.
At March 31, 1997, the Bank had a net portfolio value range as shown below for
the various rate shocks. As the chart illustrates, the Bank's net portfolio
value at all rate shocks is above the minimum leverage capital requirement (4%
or $468 in capital).
Figure 19 - NPV analysis Chart
Interest Rate Sensitivity of Net Portfolio Value
-300bp -200bp -100bp 0bp +100bp +200bp +300bp
------ ------ ------ ------ ------ ------ ------
4% Capital $468 $468 $468 $468 $468 $468 $468
Tangible Equity $939 $939 $939 $939 $939 $939 $939
Net Portfolio Value $1,148 $1,212 $1,340 $1,428 $1,457 $1,438 $1,392
Source: Calculated by the OTS utilizing March 31, 1997 data, as provided by
the Bank.
21
NET WORTH AND CAPITAL
At March 31, 1997, the Bank had capital in excess of the minimum requirements
for all three measures.
Figure 20 - Capital analysis
Regulatory Capital
Position
March 31, 1997 Minimum of Range Midpoint of Range Maximum of Range
------------------- ------------------- ---------------------------- ----------------------------
Amount Percent of Amount Percent of March 31, 1997 Adj. Assets March 31, 1997 Adj. Assets
GAAP Capital........... $ 956 8.44% $ 956 7.94% $ 956 7.85% $ 956 7.75%
------ ----- ------ ------ ------ ------ ------ ------
Tangible Capital:
Capital Level........ $ 955 8.43% $1,668 13.86% $1,817 14.91% $1,966 15.94%
Required............. $ 170 1.50% $ 181 1.50% $ 183 1.50% $ 185 1.50%
------ ----- ------ ------ ------ ------ ------ ------
Excess:............ $ 785 6.93% $1,487 12.36% $1,634 13.41% $1,781 14.44%
------ ----- ------ ------ ------ ------ ------ ------
------ ----- ------ ------ ------ ------ ------ ------
Core Capital:
Capital Level........ $ 955 8.43% $1,668 13.86% $1,817 14.91% $1,966 15.94%
Required............. $ 340 3.00% $ 361 3.00% $ 366 3.00% $ 370 3.00%
------ ----- ------ ------ ------ ------ ------ ------
Excess:............ $ 615 5.43% $1,307 10.86% $1,451 11.91% $1,596 12.94%
------ ----- ------ ------ ------ ------ ------ ------
------ ----- ------ ------ ------ ------ ------ ------
Risk-Based Capital:
Capital Level........ $1,065 16.76% $1,778 27.37% $1,927 29.53% $2,075 31.67%
Required............. % 508 8.00% $ 520 8.00% $ 522 8.00% $ 524 8.00%
------ ----- ------ ------ ------ ------ ------ ------
Excess:............ $ 557 8.76% $1,258 19.37% $1,405 21.53% $1,551 23.67%
------ ----- ------ ------ ------ ------ ------ ------
------ ----- ------ ------ ------ ------ ------ ------
Source: Offering Prospectus and 3/31/97 TFR.
22
INCOME AND EXPENSE TRENDS
The chart below shows the Bank's income for the past five fiscal years.
The Bank, recognizing net income for each of the four years ending March 31,
1996, showed a net loss for the year ended March 31, 1997 of $36 thousand.
The loss was attributable to the one time SAIF assessment of $43 thousand and
the provision for loan and lease losses of $78 thousand.
Figure 21 - Net Income Chart
For the Years Ended March 31,
---------------------------------------
1993 1994 1995 1996 1997
------ ------ ------ ------ -------
(Dollars in thousands)
Net Income $17 $14 $83 $85 $(36)
Net Margin 3.42% 3.65% 4.52% 4.59% 4.23%
Source: Offering Prospectus
23
As the following chart demonstrates, the Bank's positive spread and margin
trends were reversed during the twelve month period ending March 31, 1997.
Figure 22 - Spread and Margin Chart
For the Years Ended March 31,
---------------------------------------
1993 1994 1995 1996 1997
------ ------ ------ ------ -------
Spread 3.34% 4.25% 4.18% 3.36% 3.04%
Margin 3.42% 3.65% 4.52% 4.59% 4.23%
Source: Offering Prospectus
24
The increases in net interest income and reductions in non-interest expense
caused profitability to increase for the fiscal years ending March 31, 1995 and
1996. The net loss for the period ending March 31, 1997 is due to increased
non-interest expenses related to improved facilities and additional staffing
required for future balance sheet growth.
Figure 23 - Income Statement Trends
Twelve months Ended March 31,
--------------------------------------------------
1997 1996 1995 1994 1993
------ ------ ------ ------ ------
Total interest income ................. $ 688 $ 622 $ 565 $ 560 $ 624
Total interest expense................. (326) (270) (225) (267) (352)
------ ------ ------ ------ ------
Net interest income.................. 362 352 340 293 272
Provision for loan losses.............. (78) -- -- -- --
------ ------ ------ ------ ------
Net interest income after provision
for loan losses...................... 284 352 340 293 272
Fees and service charges............... 29 10 14 19 15
Other non-interest income.............. 67 -- -- -- --
------ ------ ------ ------ ------
Total non-interest income.............. 96 10 14 19 15
Total non-interest expense............. (434) (239) (242) (294) (263)
------ ------ ------ ------ ------
Income (loss) before taxes and
extraordinary item................... (54) 123 112 18 24
Income tax (provision) benefit......... 18 (38) (29) (4) (7)
------ ------ ------ ------ ------
Net income (loss)...................... $ (36) $ 85 $ 83 $ 14 $ 17
------ ------ ------ ------ ------
------ ------ ------ ------ ------
Source: Offering Prospectus
25
The above mentioned expenses caused the ROA and ROE to decrease sharply for the
period ending March 31, 1997.
For the Year Ended March 31,
1993 1994 1995 1996 1997
------- ------ ----- ----- ------
ROA .20% .17% 1.07% 1.089% (0.41)%
ROE 2.07% 1.68% 9.55% 8.83% (3.67)%
Source: Offering Prospectus
26
SUBSIDIARIES
The Bank does not have any subsidiaries.
LEGAL PROCEEDINGS
The Bank is not currently involved in any legal proceedings other than
routine legal proceedings that occur in the ordinary course of business,
which, in aggregate, involve amounts that are believed to be immaterial to
the financial condition of the Bank.
27
2. Market Area Analysis
The Bank's immediate market area for deposits is defined as the town in
which the Bank has branches. For presentation purposes, data for each
demographic element has been aggregated for the towns that makes up the
Target Market. The Target Market is defined as follows:
Figure 25 - Market Areas
Target Counties Target Market
Montgomery Canajoharie, Minden, Mohawk, Palatine,
Root/Glen, St. Johnsville
As the branch map on the next page demonstrates, the Target Market is
geographically contiguous.
BRANCH FACILITIES
The Bank has one branch office in Montgomery County, New York. It maintains
its executive and administrative offices at 26 Church Street, Canajoharie,
New York. The facility is owned by the Bank.
Figure 26 - Branch Facility Table
Branch Office Owned/Leased
----------------------------------------------
26 Church Street, Canajoharie Owned
28
MARKET AREA DEMOGRAPHICS
For presentation purposes, data for each demographic element is aggregated
for the towns that comprises the Target Market.
The following table summarizes the Target Market for this analysis:
Figure 27 - Target Market Table
Target State: New York
Target County(s): Montgomery
Target Market (Census MCD's): Canajoharie, Minden, Mohawk, Palatine,
Root/Glen, St. Johnsville
Figure 28 - Market Area Map
[MAP OF MONTGOMERY COUNTY APPEARS HERE]
Source: FinPro, Inc.
29
Population Demographics
Figure 29 - Demographic Characteristics Table
DEMOGRAPHIC CHARACTERISTICS
Historic % of Total Current % of Total Percent
Target Market Count Year Historic Count Year Current Change Change
- ------------- -------- ---- --------- ------- ---- ---------- ------ -------
Area - square miles................. 22,255 '80 22,472 '96 217 0.98%
Total Population.................... 7,741 '80 8,296 '96 555 7.17%
Total Households.................... 5,968 '80 6,049 '96 81 1.36%
- ---------------------------------------------------------------------------------------------------------------------------
AGE
0-5............................... 1,590 '80 7.14% 1,556 '96 6.92% (34) -2.14%
6-14.............................. 3,669 '80 16.49% 3,386 '96 15.07% (283) -7.71%
15-24............................. 3,623 '80 16.28% 2,809 '96 12.50% (814) -22.47%
25-34............................. 3,123 '80 14.03% 2,963 '96 13.19% (160) -5.12%
35-44............................. 2,289 '80 10.29% 3,230 '96 14.37% 941 41.11%
45-54............................. 2,275 '80 10.22% 2,748 '96 12.23% 473 20.79%
55-64............................. 2,515 '80 11.30% 1,925 '96 8.57% (590) -23.46%
65 +.............................. 3,171 '80 14.25% 3,855 '96 17.15% 684 21.57%
Median Age........................ 193 '80 221 '96 27.8 14.37%
Median Householder Age............ 52 '80 51 '96 (0.3) -0.61%
- ----------------------------------------------------------------------------------------------------------------------------
RACE
White............................. 21,157 '90 98.13% 22,011 '96 97.95% 854 4.04%
Black............................. 77 '90 0.36% 83 '96 0.37% 6 7.79%
Indian............................ 60 '90 0.28% 63 '96 0.28% 3 5.00%
Asian............................. 73 '90 0.34% 100 '96 0.44% 27 36.99%
Other............................. 9 '90 0.04% 9 '96 0.04% 0 0.00%
Hispanic.......................... 185 '90 0.86% 206 '96 0.92% 21 11.35%
- ----------------------------------------------------------------------------------------------------------------------------------
PERSONS PER HOUSEHOLD
One.............................. 1,758 '90 12.91%
Two.............................. 2,583 '90 18.96%
Three............................ 1,388 '90 10.19%
Four or more..................... 7,892 '90 57.94%
Families as a % of Households...... 77.1% '80 72.9% '96 -4.2%
- ------------------------------------------------------------------------------------------------------------------------------------
INCOME
Less than $5,000.................. 286 '96 3.45%
$5,000 to $9,000.................. 794 '96 9.57%
$10,000 to $14,999................ 790 '96 9.52%
$15,000 to $24,999................ 1,660 '96 20.01%
$25,000 to $34,999................ 1,477 '96 17.80%
$35,000 to $49,999................ 1,572 '96 18.95%
$50,000 to $74,999................ 1,253 '96 15.10%
$75,000 or more................... 464 '96 5.59%
Per Capital Income................ 5,556 '80 13,613 '96 8,057 145.01%
Median Household Income........... 16,405 '80 35,308 '96 18,903 115.23%
- ----------------------------------------------------------------------------------------------------------------------------------
OCCUPATION
Managerial/professional........... 1,237 '90 13.65%
Technical/sales/support........... 1,827 '90 20.17%
Administrative/service corp....... 1,417 '90 15.64%
Farming/foresting/fishing......... 1,099 '90 12.13%
Production/craft/repair........... 764 '90 8.43%
Operators/fabricators/laborers.... 2,715 '90 29.97%
- ------------------------------------------------------------------------------------------------------------------------------------
EDUCATIONAL ATTAINMENT
Less than High School............. 7,633 '90 38.87%
High School Graduate.............. 8,423 '90 42.90%
Some College or Associates........ 1,760 '90 8.96%
Bachelors Degree.................. 1,053 '90 5.36%
Graduate of Professional Degree... 766 '90 3.90%
30
Figure 30 - Housing Demographics Table
Housing Characteristics
Historic % of Total Current % of Total Percent
Target Market Count Year Historic Count Year Current Change Change
- ------------- -------- ---- ---------- ------- ---- ---------- ------ -------
Total Housing Units............... 8,603 '90 9,042 '96 439 5.10%
Vacant Units.................... 715 '90 8.31%
Rental Units.................... 1,990 '90 23.13%
Condo Units..................... 0 '90 0.00%
- --------------------------------------------------------------------------------------------------------------------------------
AGE OF UNIT
1 Yr or less.................... 120 '90 1.39%
2-5 Yrs......................... 414 '90 4.81%
6-10 Yrs........................ 302 '90 3.51%
11-20 Yrs....................... 1,191 '90 13.83%
21-30 Yrs....................... 790 '90 9.17%
31-40 Yrs....................... 701 '90 8.14%
41-50 Yrs....................... 511 '90 5.93%
More than 50 Yrs................ 4,583 '90 53.22%
Median Year of Construction..... 1944.333 '90
- --------------------------------------------------------------------------------------------------------------------------------
TENURE - YEARS LIVED IN UNIT
1 Yr or less.................... 1,057 '90 13.38%
2-5 Yrs......................... 1,858 '90 23.53%
6-10 Yrs........................ 1,161 '90 14.70%
11-20 Yrs....................... 1,664 '90 21.07%
21-30 Yrs....................... 731 '90 9.26%
More than 30 Yrs................ 1,426 '90 18.06%
- --------------------------------------------------------------------------------------------------------------------------------
ESTIMATED VALUE
$100,000 or less................ 3,388 '96 88.09%
$100 - $200,000................. 432 '96 11.23%
$200 - $300,000................. 17 '96 0.44%
$300 - $400,000................. 5 '96 0.13%
$400 - $500,000................. 0 '96 0.00%
More than $500,000.............. 4 '96 0.10%
Median Value 1995............... $53,977 '96
31
MARKET AREA DEPOSIT
CHARACTERISTICS
The State of New York has seen total deposits decrease by 2.82% over the time
period from June 30, 1992 to June 30, 1996, decreasing from $389.0 billion to
$378.0 billion over that same time period.
Montgomery County during the same time decreased by 4.77% from $790.4
million at June 30, 1992 to $752.7 million at June 30, 1996.
The Bank's deposits decreased by 12.2% over the same period (June 30,
1992 to June 30, 1996).
Figure 31 - Market Area Deposits Table
1992 1996
-------------------------- --------------------------
Branch Branch
($ in 000's) Count Deposits Count Deposits $ Growth % Growth
- --------------------------------- ----------- ------------- ----------- ------------- ----------------- -----------
NEW YORK
Commercial Banks................. 4,296 346,544,920 4,031 335,071,440 (11,473,480) -3.31%
Thrifts.......................... 471 28,267,574 410 25,558,699 (2,708,875) -9.58%
Credit Unions.................... 736 14,181,952 710 17,404,544 3,222,592 22.72%
----- ------------- ----- ------------- ----------------- -----------
Total............................ 5,503 388,994,446 5,151 378,034,683 (10,959,763) -2.82%
Landmark......................... 1 7,403 1 6,498 (905) -12.22%
MONTGOMERY COUNTY
Commercial Banks................. 23 684,803 23 616,427 (68,376) -9.98%
Thrifts.......................... 3 91,293 3 119,470 28,177 30.86%
Credit Unions.................... 1 14,300 1 16,821 2,521 17.63%
----- ------------- ----- ------------- ----------------- -----------
Total............................ 27 790,396 27 752,718 (37,678) -4.77%
Landmark......................... 1 7,403 1 6,498 (905) -12.22%
Looking at the same data on a county level, the following highlights can be
drawn for the county in which the Bank has a presence:
Montgomery County
- -- Total deposits have decreased at almost twice the statewide rate, or
$37.7 million or 4.8% to $752.7 million.
- -- The total branch count has not changed which indicates that there were
no new entrants or branch closures within the county.
- -- Both thrifts and credit unions grew deposits while commercial banks
experienced deposit runoff.
32
- -- The countywide average branch size of $27.9 million is well below the
state average of $73.4 million.
Individual Market Area
The following table shows a five year deposit trend for all branch
offices within this market area.
Figure 32 - Deposit Trends Table
( $ in 000's )
Competition--Primary Market Branches
Institution City Address 1992 1993 1994 1995 1996
- -------------------- ------------- --------------------- ------- ------- ------- ------- -------
CENTRAL NB-CANAJOHAR CANAJOHARIE 24 CHURCH ST 75,615 58,980 59,931 78,231 60,412
CANAJOHARIE BS&LA CANAJOHARIE 26 CHURCH ST 7,403 7,339 6,968 6,892 6,498
CENTRAL NB-CANAJOHAR FONDA BROADWAY AND MAIN ST 20,963 19,165 20,156 30,544 29,872
FLEET BK OF NY FORT PLAIN 33 CANAL ST 23,849 21,449 17,590 17,450 16,744
CENTRAL NB-CANAJOHAR FORT PLAIN 41 CANAL ST 32,193 19,939 19,729 20,171 21,815
AMSTERDAM SAVINGS BA FORT PLAIN 19 RIVER ST 38,570 38,213 36,517 36,376 33,748
KEY BK OF NY FULTONVILLE MAIN AND BROAD ST 15,853 14,408 13,724 15,208 15,746
CENTRAL NB-CANAJOHAR PALATINE BRIDGE DUTCH TOWER PLAZA 9,733 9,239 9,326 10,090 11,112
CENTRAL NB-CANAJOHAR ST JOHNSVILLE ROUTE 5 23,583 25,918 26,792 27,408 26,774
CENTRAL NB-CANAJOHAR CHERRY VALLEY MAINE AND LANCASTER 13,102 15,024 13,516 24,789 13,668
CENTRAL NB-CANAJOHAR SHARON SPRINGS ROUTES 10 AND 20 N 10,856 11,044 10,138 9,914 10,248
- -------------------- --------------- ---------------------- ------- ------- ------- ------- -------
Total 271,720 240,718 234,386 277,073 246,637
This table illustrates that there is a moderate level of competition for
deposits in this market area, with 5 different institutions and 11
branches competing for $247 million in deposits. This has been a
relatively stable market with no branch closures or new entrants over
the last five years.
33
3. Comparisons With Publicly Traded Thrifts
INTRODUCTION
This chapter presents an analysis of the Bank's operations against a
Comparable Group of publicly traded savings institutions. The Comparable Group
("Comparable Group") was selected from a universe of 424 public thrifts as of
June 10, 1997. The Comparable Group was selected based upon similarity of
characteristics to the Bank. The Comparable Group multiples provide the basis
for the fair market valuation of the Bank. Factors that influence the Bank's
value such as balance sheet structure and size, profitability, income and
expense trends, capital levels, credit risk, interest rate risk and recent
operating results can be measured against the Comparable Group. The Comparable
Group current market pricing, coupled with the appropriate adjustments for
differences between the Bank and the Comparable Group, will then be utilized as
the basis for the pro-forma valuation of the Bank to-be-issued common stock.
SELECTION SCREENS
The selection screens utilized to identify possible Comparables from the
list of 424 public thrifts at June 10, 1997 included:
1. The institution has to be traded on either AMEX or NASDAQ to ensure
liquidity. This eliminated tightly held and "pink sheet" organizations
who lack liquidity.
2. The IPO date had to be on or before January 1, 1996, eliminating any
new conversions.
3. The total assets size has to be equal to or less than $100 million.
4. The Conversion had to be a standard conversion.
34
Utilizing these screens, the 424 possibilities were narrowed down to 32
candidates. After scanning these candidates the following 22 institutions were
eliminated from the Comparable Group for the reasons shown:
Total
Assets
($000)
Ticker Short Name City State Mst RctQ
- ------ ---------- ---- ----- --------
Eliminated for Acquisition Activity
- -----------------------------------
GWBC Gateway Bancorp Inc. Catlettsburg KY 65,806
GLBK Glendale Co-Operative Bank Everett MA 36,927
CZF CitiSave Financial Corp Baton Rouge LA 74,942
Eliminated by Size
- ------------------
MSBF MSB Financial Inc. Marshall MI 75,630
HZFS Horizon Financial Svcs Corp. Oskaloosa IA 78,368
SOBI Sobieski Bancorp Inc. South Bend IN 79,080
LOGN Logansport Financial Corp. Logansport IN 79,298
PCBC Perry County Financial Corp. Perryville MO 79,714
HHFC Harvest Home Financial Corp. Cheviot OH 83,103
SFFC StateFed Financial Corp. Des Moines IA 85,282
TRIC Tri-County Bancorp Inc. Torrington WY 85,975
GUPB GFSB Bancorp Inc. Gallup NM 86,911
CCFH CCF Holding Company Jonesboro GA 86,940
GFSB GFS Bancorp Inc. Grinnell IA 88,154
KYF Kentucky First Bancorp Inc. Cynthiana KY 88,923
THR Three Rivers Financial Corp. Three Rivers MI 91,165
INCB Indiana Community Bank SB Lebanon IN 91,329
SZB SouthFirst Bancshares Inc. Sylacauga AL 92,910
FFBI First Financial Bancorp Inc. Belvidere IL 93,156
FTSB Fort Thomas Financial Corp. Fort Thomas KY 94,681
NWEQ Northwest Equity Corp. Amery WI 95,097
CIBI Community Investors Bancorp Bucyrus OH 97,446
This resulted in a Comparable Group of 10 institutions.
Total
Number Assets
of Conversion ($000)
Ticker Short Name City State Offices IPO Date Type Mst RctQ
- ------ ---------- ---- ----- ------- -------- ---- --------
JOAC Joachim Bancorp Inc. De Soto MO 1 12/28/95 Regular 35,656
HBBI Home Building Bancorp Washington IN 2 02/08/95 Regular 46,804
CSBF CSB Financial Group Inc. Centralia IL 2 10/09/95 Regular 47,996
MCBN Mid-Coast Bancorp Inc. Waldoboro ME 2 11/02/89 Regular 57,838
NSLB NS&L Bancorp Inc. Neosho MO 2 06/08/95 Regular 58,089
CKFB CKF Bancorp Inc. Danville KY 1 01/04/95 Regular 60,197
ALBC Albion Banc Corp. Albion NY 2 07/26/93 Regular 66,316
MIVI Mississippi View Holding Co. Little Falls MN 1 03/24/95 Regular 69,755
ATSB AmTrust Capital Corp. Peru IN 2 03/28/95 Regular 71,031
SCCB S. Carolina Community Bancshrs Winnsboro SC 3 07/07/94 Regular 46,412
35
SELECTION CRITERIA
To be eligible for selection to the Comparable Group, thrifts had to be
publicly traded on either the American Stock Exchange or traded on the
national over-the-counter ("OTC") markets listed on the National Association
of Securities Dealers Automated Quotation ("NASDAQ") System. Each company
selected is a member of one of the exchanges listed above.
Also excluded from the Comparable Group were institutions that were pending
mergers or acquisitions along with companies whose prices appear to be
distorted by speculative factors or unusual operating conditions. Finally,
institutions that completed their conversions within the last year were also
excluded as the earnings of newly converted institutions do not reflect a
full years benefit from the reinvestment of proceeds, and thus the
price/earnings multiples and return on equity measures for these institutions
tend to be skewed upward and downward respectively.
In an ideal world, all of the Comparable Group would contain the exact
characteristics of the Bank. The goal of the selection criteria process is
to find those institutions that most closely match those of the Bank. None
of the Comparables selected will be exact clones of the Bank.
36
The members of the Comparable Group were selected based upon the following
criteria:
1. Liquidity of the issue
2. Asset size
3. Profitability
4. Capital level
5. Asset mix
6. Operating strategy
7. Date of conversion
1. Liquidity of the Issue The existence of an active and regular trading
market for a stock is critical to the reliability of share price data. Weak
or thinly traded stocks are questionable due to an irregular frequency of
trades or highly varied trading prices. Thinly traded stocks also tend to
exhibit a very wide bid/ask range. As such, companies exhibiting thin
liquidity were excluded from the selection. Also, institutions involved in
an acquisition and/or companies with market prices that appear to be
influenced by announced or rumored acquisitions have been excluded as the
stock prices could be either artificially high or low. For selection of the
Comparable Group, only those institutions listed on AMEX or NASDAQ were
selected. The Bank has never issued capital stock to the public and due to
the relatively small size of the offering, it is unlikely that an active and
liquid trading market will develop or be maintained. The members of the
Comparable Group are all listed on the NASDAQ.
2. Asset size The Comparable Group should have a similar asset size to
the Bank. Large institutions are not appropriate for the peer group due to a
more extensive branch network, greater financial strength, more access to
diverse markets and more capacity in terms of infrastructure. The asset size
range of the Comparable Group was from $35.7 million to $71.0 million, which
all fall within the peer range of less than $100 million. The Bank's asset
size was $11.3 million as of March 31, 1997.
3. Profitability The Comparable Group should have similar financial
conditions and recent earnings that are comparable to the Bank. They should
show a comparable return on equity and return on assets measures. As such,
the Comparable Group have ROAs averaging .81% and ROEs averaging 5.09% for
the most recent quarter available. The Comparable Group profitability
measures had a wide dispersion about the mean with the ROA measure ranging
from a low of 0.42% to a high of 1.21% while the ROE measure ranged from a
low of 1.90% to a high of 9.16%.
37
4. Capital level The Comparable Group should have a capital level similar
to the Bank's. Capital is important in that it is a determinant of asset
size and regulatory rating. Institutions with capital in the same range as
the Bank were selected. The average equity to assets ratio for the
Comparable Group was 18.16% with a high of 28.98% and a low of 8.60%. At
March 31, 1997, the Bank had an equity to assets ratio of 8.43%.
5. Asset Mix The asset mix is very important in the selection criteria
for Comparables. At March 31, 1997, the Bank had a total net loan to asset
ratio of 82.92%. The average loans to assets ratio for the Comparables was
69.98% which is lower than the Bank's ratio. The Comparable Group had a low
of 55.13% and a high of 89.94% in terms of loans to assets.
6. Operating strategy An institution's operating characteristics are
important because they determine future performance. They also affect
expected rates of return and investor's general perception of the quality,
risk and attractiveness of a given company. Specific operating
characteristics include profitability, balance sheet growth, asset quality,
capitalization, and non-financial factors such as management strategies and
lines of business.
7. Date of conversion Recent conversions, those completed after December
31, 1995, were excluded since the earnings of a newly converted institution
do not reflect a full year's benefits of reinvestment of conversion proceeds.
Additionally, new issues tend to trade at a discount to the market averages.
COMPARABLE GROUP PROFILES
- Joachim Bancorp Inc. JOAC is a SAIF insured institution that operates
1 office and is headquartered in DeSoto, Missouri. Joachim is smallest
bankcs in the Comparable Group ($35.7 million in assets) but has the
highest capital level with an equity to assets ratio of 28.98%. JOAC
was selected to the Comparable Group based on its asset size, lack of
intangibles, dependence on net interest income, low level of non-interest
income, l ow level of non-performing assets, solid margin, lack of
borrowings and high loan to asset ratio.
- Home Building Bancorp. HBBI is a SAIF insured, Indiana institution that
operates 2 branches. HBBI had assets of $46.8 million and had the
third highest ROE, 6.78%, of the Comparable Group. HBBI was included in
the Comparable Group based on its asset size, lack ointangibles, high
deposits to assets, solid asset yield, dependence on net interest income
income, low level of sets, similar capital levels asset ratio.
38
- - CSB Financial Group Inc. CSBF is a SAIF insured institution that operates
2 branches located in Centralia, Illinois. CSBF had the lowest ROE,
1.90%, primarily due to the lowest asset yield of the Comparable Group,
6.04%, and the lowest net interest margin, 2.80%. CSBF had total assets
of $48 million. It was selected as a comparable based on its asset size,
dependence on net interest income, low level of non-interest income,
high efficiency ratio, low level of non-performing assets and moderate
loan to asset ratio.
- Mid-Coast Bancorp Inc. MCBN, a Maine institution with 2 branches, is
a SAIF insured institution with $57.8 million in assets. MCBN had the
highest level of borrowings, 17.62%, and the lowest equity to assets
ratio, 8.60%. MCBN was included in the Comparable Group based on its
asset size, lack of intangibles, dependence on net interest income,
high loan loss reserve to non-performing loans ratio, low level of
non-interest income, solid margin, low level of non-performing assets
and high loan to asset ratintangibles, solid reserve levels, dependence
on net non-interest income, low level of non-performing assets and
moderate loan to asset ratio.
- NS&L Bancorp Inc. NSLB is a SAIF insured institution with $58.1 million
in assets and 2 branches located in Missouri. NSLB had the lowest level
of loans (55.13%) to assets of the Comparable Group. NS&L was included
with the Comparable Group based on its asset size, lack of intangibles,
solid reserve levels, dependence on net interest income, low level of
non-interest income, low level of non-performing assets and moderate loan
to asset ratio.
- CKF Bancorp Inc. CKFB is a SAIF insured institution that had total
assets of $60.2 million and operates 1 office in Kentucky. CKFB had the
highest loan to asset ratio based on its asset size, lack of intangibles,
modest non-interest income, low level of non-performing loans and high
loan to asset ratio.
- Albion Banc Corp. ALBC is a SAIF insured thrift that operates 2 branches
in New York state and has $66 million in assets, the third largest in the
Comparable Group. ALBC had the second highest ROE, 7.68%, in the
Comparable Group. ALBC was selected based on its asset size, lack of
intangibles, dependence on net interest income, solid reserves, low level
of of non-performing assets and high loan to asset ratio.
39
- Mississippi View Holding Company Co. MIVI is a SAIF insured thrift
that operates 1 office in Minnesota and is $69.8 million in assets.
MIVI has the highest deposit to asset ratio, 80.20%, the highest
ALLL/NPL ratio, 772.32%, and the third highest ROA, 1.02%. MVI was
selected based on its asset size, lack of intangibles, dependence on net
interest income, strong level of reserves, low level of non-interest
income, high reserves to non-performing loans, low level of
non-performing assets and high loan to asset ratio.
- AmTrust Capital Corp. ATSB is a is a SAIF insured institution that
operates 2 branches in Indiana and is $71 million in assets, the largest
in the Comparable Group. ATSB had the second highest noninterest
expense, 4.30%, and the second highest efficiency ratio, 85.66%, in the
Comparable Group. ATSB was selected based on its asset size, dependence
on net interest income, low level of non-interest income, similar
capital levels, low level of performing assets, high efficiency ratio
and high loan to asset ratio.
- S. Carolina Community Bancshares SCCB is a SAIF insured institution
that had total assets of $46.4 million and operates 3 branches, the most
in the Comparable Group, in South Carolina. SCCB had the second highest
ROA, 1.05%, because it had the second highest asset yield, 7.54%, in the
the Comparable Group. SCCB was included in the Comparable Group based on
its asset size, lack of intangibles, dependence on net interest income,
low level of non-interest income, high yield on earning assets, low
level of non-performing assets and high loan to asset ratio.
All data presented in figures 33 through 43 is from SNL Securities utilizing
the most recent quarter for balance sheet related items and for income
statement related items. All data for the Bank is from the prospectus or the
audited financials. The market pricing data for the Comparables is as of
June 10, 1997.
40
Figure 33 - Key Financial Indicators
The Bank and the Comparable Group
The Bank at Comparable Group
March 31, 1997 Quarter Average
(Most Recent
Quarter)
-------------- ----------------
Balance Sheet Data
Gross Loans to Deposits 0.9367 94.65%
Total Net Loans to Assets 0.8293 69.98%
Deposits to Assets 0.9039 74.27%
Borrowed Funds to Assets 0.00% 6.55%
Balance Sheet Growth
Asset Growth Rate 0.489 4.81%
Loan Growth Rate 0.6991 2.25%
Deposit Growth Rate 0.5835 7.39%
Capital
Equity to Assets 0.0843 18.16%
Tangible Equity to Assets 0.0843 18.04%
Intangible Assets to Equity 0.00% .68%
Regulatory Core Capital to Assets 0.0843 16.76%
Equity + Reserves to Assets 0.0941 18.61%
Total Capital to Risk Adjusted Assets 0.1676 34.20%
41
The Bank Comparable Group
-------- ----------------
Asset Quality
Non-Performing Loans to Loans 0.0049 .94%
Reserves to Non-Performing Loans 2.3404 161.55%
Non-Performing Assets to Assets 0.0041 .92%
Non-Performing Assets to Equity 0.0492 6.37%
Reserves to Loans 0.0117 .64%
Reserves to Non-Performing Assets
+ 90 Days Del. 2.3404 102.22%
Profitability
Return on Average Assets 0.0041 .81%
Return on Average Equity 0.0367 5.09%
Income Statement
Net Interest Margin 0.0423 3.60%
Interest Income to Average Assets 0.0727 7.25%
Interest Expense to Average Assets 0.0344 3.77%
Net Interest Income to Average Assets 0.0382 3.49%
Noninterest Income to Average Assets 0.0101 0.29%
Noninterest Expense to Average Assets 0.0458 2.55%
Efficiency Ratio 0.9476 67.82%
Overhead Ratio 0.9337 65.42%
Source: The Bank Offering Prospectus, FinPro calculations and SNL Securities
Note: - All Profitability and Income Ratios for Landmark include the one time
SAIF assessment. As a result, some of the ratios may be misrepresentative of
true earnings and profitability.
Note: All of the Bank data is for the fiscal year ending March 31,1997.
Note: All of the Comparable data is as of the most recent quarter.
42
Figure 34 - Comparable Corporate Data
Corporate
------------------------------------------------------------------------------------------
Deposit
Number Insurance
of Agency Conversion
Ticker Short Name Exchange City State Offices IPO Date (BIF/SAIF) Type
- --------------------------------------- ------------------------------------------------------------------------------------------
Comparable Thrift Date
JOAC Joachim Bancorp Inc. NASDAQ De Soto MO 1 12/28/95 SAIF Regular
HBBI Home Building Bancorp NASDAQ Washington IN 2 02/08/95 SAIF Regular
CSBF CSB Financial Group Inc. NASDAQ Centralia IL 2 10/09/95 SAIF Regular
MCBN Mid-Coast Bancorp Inc. NASDAQ Waldoboro ME 2 11/02/89 SAIF Regular
NSLB NS&L Bancorp Inc. NASDAQ Neosho MO 2 06/03/95 SAIF Regular
CKFB CKF Bancorp Inc. NASDAQ Danville KY 1 01/04/95 SAIF Regular
ALBC Albion Banc Corp. NASDAQ Albion NY 2 07/26/93 SAIF Regular
MIVI Mississippi View Holding Co. NASDAQ Little Falls MN 1 03/24/95 SAIF Regular
ATSB AmTrust Capital Corp. NASDAQ Peru IN 2 03/28/95 SAIF Regular
SCCB S. Carolina Community Bancshrs NASDAQ Winnsboro SC 3 07/07/94 SAIF Regular
- -----------------------------------------------------------------------------------------------------------------------------------
Average 10
Maximum
Minimum
Source: SNL Securities
43
Selected balance sheet ratios for the Comparable Group are shown in the
following table:
Figure 35 - Comparable Key Financial Data
Key Financial Date as of the Most Recent Quarter
------------------------------------------------------------
Total Loans/ Loans/ Deposits/ Borrowings/
Assets Deposits Deposits Assets Assets
Ticker Short Name ($000) (%) (%) (%) (%)
- ------ ---------- ------ -------- -------- --------- -------------
Comparable Thrift Data
JOAC Joachini Bancorp Inc. 35,656 96.06 66.88 69.62 0.00
HBBI Home Building Bancorp 46,804 76.19 60.41 79.29 7.91
CSBF CSB Financial Group Inc. 47,996 77.10 57.40 75.45 0.00
MCBN Mid-Coast Bancorp Inc. 57,838 113.92 83.59 73.38 17.62
NSLB NS&L Bancorp Inc. 58,089 75.11 55.13 73.40 5.16
CKFB CKF Bancorp Corp. 60,197 126.34 89.94 71.19 3.73
ALBC Albion Banc Inc. 66,316 96.00 72.82 75.86 13.98
MIVI Mississippi View Holding Co. 69,755 80.25 64.36 80.20 0.00
ATSB AmTrust Capital Corp.. 71,031 99.62 71.64 71.92 17.12
SCCB S. Carolina Community Bancshrs 46,412 105.88 77.65 73.34 0.00
------------------------------------------------------------
Average 56,009 94.65 69.98 74.27 6.55
Maximum 71,031 126.34 89.94 80.20 17.62
Minimum 35,656 75.11 55.13 69.62 0.00
44
CAPITAL DATA
Figure 36 - Comparable Capital Data
Capital as of the Most Recent Quarter
----------------------------------------------------------------------------------
Tangible Regulatory Equity + Total Capital/
Equity/ Equity/ Intangible Core Cap/ Reserves/ Risk Adjusted
Assets Tang Assets Assets/ Assets Assets Assets
Ticker Short Name (%) (%) Equity (%) (%) (%)
- ------ -------------------------------- ---------- ----------- ----------- ---------- ---------- --------------
Comparable Thrift Data
JOAC Joachim Bancorp Inc. 28.98 28.98 0.00 22.70 29.19 46.70
HBBI Home Building Bancorp 12.07 12.07 0.00 9.57 12.24 20.62
CSBF CSB Financial Group Inc. 25.07 23.98 5.74 25.61 25.38 55.70
MCBN Mid-Coast Bancorp Inc. 8.60 8.60 0.00 8.53 9.11 15.24
NSLB NS&L Bancorp Inc. 19.92 19.92 0.00 15.00 20.00 35.40
CKFB CKF Bancorp Inc. 23.68 23.68 0.00 20.31 23.86 35.60
ALBC Albion Banc Corp. 8.90 8.90 0.00 NA 9.38 NA
MIVI Mississippi View Holding Co. 18.26 18.26 0.00 15.74 19.50 33.06
ATSB AmTrust Capital Corp. 10.17 10.07 1.07 10.20 10.83 16.58
SCCB S. Carolina Community Bancshers 25.96 25.96 0.00 23.20 26.59 48.90
--------- ---------- ---------- ---------- --------- ---------------
Average 18.16 18.04 0.68 16.76 18.61 34.20
Maximum 28.98 28.98 5.74 25.61 29.19 55.70
Minimum 8.60 8.60 0.00 8.53 9.11 15.24
Source: SNL Securities
45
ASSET QUALITY DATA
Figure 37 - Comparable Asset Quality Data
Asset Quality as of The Most Recent Quarter
------------------------------------------------------
NPLs/ Reserves/ NPAs/ NPAs/ Reserves/ Reserves/
Loans NPLs Assets Equity Loans NPAs + 90
Ticker Short Name (%) (%) (%) (%) (%) (%)
- ------ ------------------------------ ----- --------- ------ ------ --------- ---------
Comparable Thrift Data
JOAC Joachim Bancorp Inc. 0.49 63.25 0.68 2.35 0.31 30.45
HBBI Home Building Bancorp 0.86 32.51 0.52 4.30 0.28 32.51
CSBF CSB Financial Group Inc. NA NA NA NA 0.53 41.29
MCBN Mid-Coast Bancorp Inc. 0.29 212.95 0.40 4.62 0.61 128.70
NSLB NS&L Bancorp Inc. 0.00 NA 0.00 0.00 0.13 127.27
CKFB CKF Bancorp Inc. 0.64 30.66 0.89 3.75 0.20 12.02
ALBC Albion Banc Corp. 0.63 104.30 NA NA 0.65 NA
MIVI Mississippi View Holding Co. 0.25 772.32 0.21 1.15 1.93 488.70
ATSB AmTrust Capital Corp. 3.66 25.47 2.84 27.96 0.93 23.48
SCCB S. Carolina Community Bancshrs 1.60 50.96 1.78 6.85 0.81 35.52
----- --------- ------ ------ --------- ---------
Average 0.94 161.55 0.92 6.37 0.64 102.22
Maximum 3.66 772.32 2.84 27.96 1.93 488.70
Minimum 0.00 25.47 0.00 0.00 0.13 12.02
Source: SNL Securities
46
PROFITABILITY DATA
Figure 38 - Comparable Profitability Data
Profitability as of The Most Recent Quarter
-------------------------------------------
Return on Return on
Avg Assets Avg Equity
Ticker Short Name (%) (%)
- -----------------------------------------------------------------------
Comparable Thrift Data
JOAC Joachim Bancorp Inc. 0.63 2.13
HBBI Home Building Bancorp 0.83 6.78
CSBF CSB Financial Group Inc. 0.48 1.90
MCBN Mid-Coast Bancorp Inc. 0.87 9.16
NSLB NS&L Bancorp Inc. 0.86 4.19
CKFB CKF Bancorp Inc. 1.21 4.96
ALBC Albion Banc Corp. 0.69 7.68
MIVI Mississippi View Holding Co. 1.02 5.89
ATSB AmTrust Capital Corp. 0.42 4.16
SCCB S. Carolina Community Bancshrs 1.05 4.04
----- ----
Average 0.81 5.09
Maximum 1.21 9.16
Minimum 0.42 1.90
Source: SNL Securities
47
INCOME STATEMENT DATA
Figure 39 - Comparable Income Statement Data
Income Statement as of The Most Recent Quarter
----------------------------------------------------------------
Net Interest Interest Net Interest
Interest Income/ Expense/ Income/
Margin Avg Assets Avg Assets Avg Assets
Ticker Short Name (%) (%) (%) (%)
- --------- ---------------------- ----------- --------------- --------------- --------------- ---
Comparable Thrift Data
JOAC Joachim Bancorp Inc.... 4.25 7.11 2.95 4.16
HBBI Home Building Bancorp.. 3.51 7.49 4.12 3.37
CSBF CSB Financial Group
Inc.................. 2.80 6.04 3.33 2.71
MCBN Mid-Coast Bancorp Inc.. 4.29 8.34 4.38 3.96
NLSB NS&L Bancorp Inc....... 3.15 6.55 3.48 3.07
CKFB CKF Bancorp Inc........ 3.72 7.41 3.75 3.65
ALBC Albion Banc Corp....... 3.51 7.49 4.13 3.37
MIVI Mississippi View
Holding Co........... 3.85 7.53 3.64 3.89
ATSB AmTrust Capital Corp... 2.85 7.03 4.30 2.73
SCCB S. Carolina Community
Banchrs.............. 4.03 7.54 3.60 3.94
----------- --------------- --------------- ---------------
Average................ 3.60 7.25 3.77 3.49
Maximum................ 4.29 8.34 4.38 4.16
Minimum................ 2.80 6.04 2.95 2.71
NonInterest Noninterest
Income/ Expense/ Efficiency Overhead
Avg Assets Avg Assets Ratio Ratio
Ticker Short Name (%) (%) (%) (%)
- --------- ---------------------- ------------- --------------- ------------ -----------
Comparable Thrift Data
JOAC Joachim Bancorp Inc.... 0.15 2.96 68.77 67.66
HBBI Home Building Bancorp.. 0.28 2.36 64.51 61.56
CSBF CSB Financial Group
Inc.................. 0.23 2.65 86.04 84.83
MCBN Mid-Coast Bancorp Inc.. 0.34 2.95 68.50 65.82
NLSB NS&L Bancorp Inc....... 0.32 2.27 66.80 63.31
CKFB CKF Bancorp Inc........ 0.10 1.92 43.62 42.08
ALBC Albion Banc Corp....... 0.49 2.76 76.86 73.50
MIVI Mississippi View
Holding Co........... 0.23 2.34 56.76 54.22
ATSB AmTrust Capital Corp... 0.47 2.74 85.66 83.20
SCCB S. Carolina Community
Banchrs.............. 0.27 2.56 60.70 58.02
------------- --------------- ------------ -----------
Average................ 0.29 2.55 67.82 65.42
Maximum................ 0.49 2.96 86.04 84.83
Minimum................ 0.10 1.92 43.62 42.08
Source: SNL Securities
48
GROWTH DATA
Figure 40 - Comparable Growth Data
Balance Sheet Growth as of The Most
Recent Quarter
-----------------------------------
Asset Loan Deposit
Growth Growth Growth
Rate Rate Rate
Ticker Short Name (%) (%) (%)
- -------------------------------------------------------------------------
Comparable Thrift Data
JOAC Joachim Bancorp Inc. 6.22 (4.27) 12.65
HBBI Home Building Bancorp 20.11 (2.40) 27.10
CSBF CSB Financial Group Inc. 3.95 (4.04) 4.52
MCBN Mid-Coast Bancorp Inc. 13.45 19.25 (1.97)
NSLB NS&L Bancorp Inc. (2.09) 4.80 2.31
CKFB CKF Bancorp Inc. 1.30 6.40 .20
ALBC Albion Banc Corp. 10.72 1.25 14.96
MIVI Mississippi View Holding Co. (3.26) 1.41 (2.83)
ATSB AmTrust Capital Corp. (6.58) (2.97) 10.48
SCCB S. Carolina Community Bancshrs 4.29 3.05 6.45
------ ------ ------
Average 4.81 2.25 7.39
Maximum 20.11 19.25 27.10
Minimum (6.58) (4.27) (2.83)
Source: SNL Securities
MARKET CAPITALIZATION DATA
Figure 41 - Comparable Market Capitalization Data
MARKET CAPITALIZATION
--------------------------------------------------------------------------------
MRQ PUBLICLY MRQ TANGIBLE
MRQ MARKET MRQ PRICE MRQ PRICE MRQ PRICE REPORTED BOOK PUBLICLY REP
TICKER SHORT NAME VALUE ($) PER SHARE ($) HIGH ($) LOW ($) VALUE ($) BOOK VALUE ($)
- --------- ------------------------------- ----------- ----------- --------- --------- --------------- ---------------
Comparable Thrift Data
JOAC Joachim Bancorp Inc............ 11.22 14.000 14.625 14.000 13.59 13.59
HBBI Home Building Bancorp.......... 6.54 21.000 21.000 18.500 19.88 19.88
CSBF CSBF Financial Group Inc....... 11.77 11.375 11.375 10.000 12.78 12.05
MCBN Mid-Coast Bancorp Inc.......... 4.49 19.000 19.938 18.000 21.61 21.61
NSLB NS&L Bancorp Inc............... 11.67 16.375 16.750 13.625 16.36 16.36
CKFB CKF Bancorp Inc................ 17.85 18.000 20.250 17.500 16.59 16.59
ALBC Albion Banc Corp............... 6.05 18.500 19.000 16.500 23.62 23.62
MIVI Mississippi View Holding Co.... 11.97 15.250 15.500 12.000 15.55 15.55
ATSB Am Trust Capital Corp.......... 6.71 12.125 12.250 10.000 13.72 13.57
SCCB S. Carolina Community
Bancshrs....................... 13.29 19.000 20.500 15.000 17.11 17.11
------------------------------- ----------- ----------- --------- --------- --------------- ---------------
Average 10.16 16.46 17.12 14.51 17.08 16.99
Maximum 17.85 21.00 21.00 18.50 23.62 23.62
Minimum 4.49 11.38 11.38 10.00 12.78 12.05
Source: SNL Securities
DIVIDEND DATA
Figure 42 - Comparable Dividend Data
Dividends
------------------------
Current LTM Dividend
Dividend Payout
Yield Ratio
Ticker Short Name ($) (%)
- -------- --------------------------- ----------- ------------
Comparable Thrift Data
JOAC Joachim Bancorp Inc. 3.390 200.00
HBBI Home Building Bancorp 1.429 96.77
CSBF CSB Financial Group Inc. 0.000 0.00
MCBN Mid-Coast Bancorp Inc. 2.667 54.84
NSLB NS&L Bancorp Inc. 3.030 113.64
CKFB CKF Bancorp Inc. 2.286 165.52
ALBC Albion Banc Corp. 1.348 140.91
MIVI Mississippi View Holding Co. 1.094 41.38
ATSB AmTrust Capital Corp. 1.569 11.36
SCCB S. Carolina Community Bancshrs 3.179 111.11
----------- -----------
Average 2.00 93.55
Maximum 3.39 200.00
Minimum 0.00 0.00
Source: SNL Securities
PRICING DATA
Figure 43 - Comparable Pricing Data
Current Pricing Data as of 6/10/97
-------------------------------------------------------------------------
Price/ Price/ Price/Tang
LTM Price/ Price/ Price/ Publicly Rep Publicly Rep
Core EPS Assets Earnings LTM EPS Book Value Book Value
Ticker Short Name (x) (%) (x) (x) (%) (%)
- ------ ---------------------------------- -------------------------------------------------------------------------
Comparable Thrift Data
JOAC Joachim Bancorp Inc. 37.82 31.46 52.68 59.00 108.54 108.54
HBBI Home Building Bancorp 28.00 13.98 15.44 67.74 105.63 105.63
CSBF CSB Financial Group Inc. 39.06 24.53 52.08 56.82 97.81 103.73
MCBN Mid-Coast Bancorp Inc. 13.00 7.76 9.20 20.97 90.24 90.24
NSLB NS&L Bancorp Inc. 28.45 20.10 21.71 37.50 100.86 100.86
CKFB CKF Bancorp Inc. 22.38 29.65 22.92 22.13 116.03 116.03
ALBC Albion Banc Corp. 24.47 8.67 12.78 104.55 97.38 97.38
MIVI Mississippi View Holding Co. 17.21 17.17 17.41 25.22 94.05 94.05
ATSB AmTrust Capital Corp. 47.22 9.45 21.25 28.98 92.93 93.96
SCCB S. Carolina Community Bancshrs 26.96 28.64 26.22 34.95 110.32 110.32
-------------------------------------------------------------------------
Average 28.46 19.14 25.17 45.79 101.38 102.07
Maximum 47.22 31.46 52.68 104.55 116.03 116.03
Minimum 13.00 7.76 9.20 20.97 90.24 90.24
Source: SNL Securities
4. Market Value Determination
INTRODUCTION
The estimated pro-forma market value of the Bank, along with certain
adjustments to its value relative to market values for the Comparable Group
are delineated in this section. The adjustments delineated in this section
are made from potential investors' viewpoints. A potential investor includes
depositors holding subscription rights and unrelated parties who may purchase
stock in the community offering and who are assumed to be aware of all
relevant and necessary facts as they pertain to the value of the Bank
relative to other publicly traded thrift institutions and relative to
alternative investment opportunities.
There are numerous criteria on which the market value adjustments are based,
but the major ones utilized for purposes of this report include:
- Financial Strength
- Earnings Quality, Predictability and Growth
- Market Area
- Management
- Dividends
- Liquidity of the Issue
- Subscription Interest
- Recent Regulatory Matters
- Market for Seasoned Thrift Stocks
- Acquisition Market
After identifying the adjustments that should be made to market value, the
pro-forma market value for the Bank is computed and adjusted. The estimated
pro-forma market value for the Bank is then compared with the market
valuation ratios of the Comparable Group, recently converted public thrifts
and the aggregate ratios for all public thrifts.
53
FINANCIAL STRENGTH
The financial strength of an institution is an important market value
determinant, as the investment community considers such factors as bank
liquidity, capitalization, asset composition, funding mix, intangible levels
and interest rate risk in assessing the attractiveness of investing in the
common stock of a thrift. Following is a synopsis of the key financial
elements of the Bank measured against the Comparable Group. The numbers
utilized for the Bank in this comparison were on a pro-forma basis.
Liquidity - The liquidity of the Bank and the Comparable Group
appear similar and were sufficient to meet all regulatory guidelines.
Capitalization - The Comparable Group maintained an average for
core capital of 16.76% and an average tangible equity to tangible
assets of 18.04%. On a pro-forma basis, the Bank will have a similar
capitalization rate than the average as a result of the proceeds
of the conversion. After the conversion, however, the Bank will
have a capital level on an absolute dollar basis that is relatively
small.
Asset Composition - The Bank's net loan to asset ratio of 82.92% is
higher than the average for the Comparable Group of 69.98%. On a
pro-forma basis, the Bank will have slightly less of its assets in
loans. The portfolio of total net loans on a dollar basis increased
from $5.53 million at March 31, 1996 to $9.39 million at March 31,
1997. During that same period, Securities increased from $581
thousand to $855 thousand.
Non-performing loans plus REO totaled $47 thousand at March 31,
1997. At that date, the non-performing assets amounted to
0.41% of period end assets. This is below the average of the
Comparable Group of 0.92%. In terms of non-performing loans to
loans, the Bank had a ratio of 0.49% while the Comparable Group
average was 0.94%. There was no real estate owned at March 31,
1997.
The Bank had an allowance for possible loan and lease losses to
total loans ratio of 1.17% which is higher than the Comparable Group
average of 0.64%. Additionally, the ALLL to non-performing assets,
of 234.04%, is well above the Comparable Group average of 102.22%.
Funding Mix - The Bank, funded primarily through deposits and
retained earnings, had no borrowings as of March 31, 1997.
The Comparable Group has a higher level of funding from borrowings at
6.55%. The lower level of borrowings provides additional
funding flexibility when weighted to the Comparable Group.
54
Intangible Levels - One of the most important factors influencing
market values is the level of intangibles that an institution
carries on its books. Thrifts trade more on tangible book than on
book basis. The Bank had no intangibles on its books at March
31, 1997. Of the Comparable Group, two had intangibles.
Interest Rate Risk - The Bank has an average level of interest rate
risk. In the near term, the Bank's interest rate risk will improve as
they invest in adjustable rate assets.
Based on these factors, the Bank's market value should be adjusted slightly
upward to the Comparable Group for these measures.
55
EARNINGS QUALITY,
PREDICTABILITY AND GROWTH
The earnings quality, predictability and growth are critical components in
the establishment of market values for thrifts. Thrift earnings are
primarily a function of:
- net interest income
- loan loss provision
- non-interest income
- non-interest expense
The quality and predictability of earnings is dependent on both internal and
external factors. Some internal factors include the mix of the balance
sheet, the interest rate sensitivity of the balance sheet, the asset quality,
and the infrastructure in place to deliver the assets and liabilities to the
public. External factors include the competitive market for both assets and
liabilities, the global interest rate scenario, local economic factors and
regulatory issues.
Each of these factors can influence the earnings of an institution, and each of
these factors is volatile. Investors prefer stability and consistency. As
such, solid, consistent earnings are preferred to high but risky earnings.
Investors also prefer earnings to be diversified and not entirely dependent on
interest income.
56
The Bank experienced a decline in profitability from March 1996 to March
1997. During the year ended March 31, 1997, the Bank had $29.82 thousand in
tax adjusted one-time losses. If the actual net loss of ($36.0) thousand for
the period ended March 31, 1997 was adjusted to account for the one-time
losses, the adjusted net loss for the period would have been ($6.26)
thousand. Future earnings will improve due to projected changes in the asset
and liability mixes and the reduction in the SAIF insurance premium.
Figure 44 - Net Income Chart
For the Years Ended March 31,
1993 1994 1995 1996 1997
(Dollars in thousands)
Net Income................. $17 $14 $83 $85 $(36)
Source: Offering Prospectus
57
Figure 45 - Itemization of Net Income Adjustments
$ in thousands
----------------
Net income $ (36.07)
Add back:
SAIF Assessment ($47.325) $ 47.33
Tax Effect - 37% $ (17.51)
---------------
---------------
Adjusted Net Income $ (6.26)
Source: Bank Records
The Bank's net interest spread and margin has decreased since March 1996 as
the following graph highlights.
Figure 46 - Spread and Margin Chart
For the Years Ended March 31,
1993 1994 1995 1996 1997
Spread ............. 3.34% 4.25% 4.18% 3.36% 3.04%
Margin ............. 3.42% 3.65% 4.52% 4.59% 4.23%
Source: Offering Prospectus
The Bank has been posting loan loss provisions sufficient to cover period
charge-offs and to maintain reserve ratios. At March 31, 1997, the Bank had
an allowance for loan and lease losses (ALLL) to total loans ratio of 1.17%,
slightly higher than the Comparable Group. Additionally, the ALLL to
non-performing assets, of 234.04%, is well above the Comparable Group average
of 102.22%.
58
The Bank has generated very little in non-interest income. For the
twelve month period ended March 31, 1997, the Bank had a 1.01% ratio of
non-interest income to average assets which is above the peer average of
0.29% for the most recent quarter.
For the twelve month period ended March 31, 1997, the Bank had
non-interest expense to average assets of 4.58% which was greater than the
2.55% average of the Comparable Group.
To measure all these variables together, investors look at the
efficiency ratio, which is defined as noninterest expense divided by net
interest income plus noninterest income. As such, the lower the ratio the
better. Based on this measure, the Bank has an efficiency ratio of 94.76%
which is worse than the Comparable Groups ratio of 67.82%. The Bank is in
the unenviable position of having to build both net interest and noninterest
income without significantly increasing its costs.
Currently, investors are focusing on earnings sustainability as the
interest rate volatility has caused wide variation in income levels. With
the intense competition for both assets and deposits in the region, banks can
not easily replace lost spread and margin with balance sheet growth.
Additionally, the lower market values of most thrifts relative to banks makes
acquisitions more difficult. Compounding these issues is the fact that the
Bank's marketplace is not growing. The competition will be fighting for a
smaller market in the future.
In summary, the Banks future earnings will be negatively impacted by:
-- A potentially declining spread and margin
-- A modest level of non-interest income
-- An unpredictable level of non-interest expense
As a result of these reasons, the Bank's earnings appear to be less favorable
as those of the Comparable Group. Even after the one-time adjustments
outlined earlier, the Bank's earnings will still be below those of the
Comparable Group. Therefore, a negative adjustment for this measure has been
applied to the market value.
59
Market Area
The market area that an institution serves has a significant impact on
value, as future success is interrelated with the economic, demographic and
competitive aspects of the market. Specifics on the Bank's market were
delineated in Section 2 - Market Area Analysis.
The Bank's market - Canajoharie, Minden, Mohawk, Palatine, Root/Glen and
St. Johnsville - is experiencing deposit runoff. Even though the Comparable
companies are spread out in numerous states, on balance, their markets share
many of the same characteristics as the Bank.
Recent IPO's and recent acquisition premiums for thrift institutions in
this region demonstrate a willingness on the part of investors to overlook
the economic and demographic problems. However, the single branch is located
in Canajoharie, an area with a very modestly increasing population and
declining deposit base. Therefore, the valuation was not adjusted for these
factors as the investor enthusiasm appears to be offsetting the negative
aspects of the Bank's only market.
60
Management
The Bank has developed a good management team with considerable banking
experience. Management has expertise in all areas of the operation.
The Board is active and oversees and advises on all key strategic and
policy decisions. The organization chart appears reasonable for an
institution of the Bank's size and complexity.
The financial performance of the Comparable Group indicates well-managed
institutions, which have Boards and management teams that have been effective
in implementing conservative and competitive operating strategies.
No adjustment appears to be warranted for this factor.
61
Dividends
Historically, banks typically have not established dividend policies
immediately at or after conversion to stock ownership. Rather, newly
converted institutions, in general, have preferred to establish an earnings
track record, fully invest the conversion proceeds, and allow for seasoning
of the stock before establishing a dividend policy. In the late 1980's and
early 1990's however, there has been a tendency toward initiating dividend
policies concurrent with the conversion as a means of increasing the
attractiveness of the issue and to utilize the proceeds. Particularly as a
result of the Savings and Loan negative publicity, many thrifts felt the need
to provide the additional enticement of a dividend to attract more investors.
The last few years have seen yet another shift away from dividend
policies concurrent with conversion. Recent issues have been fully or over
subscribing without the need for the additional enticement of dividends.
After conversion is another issue however. Recent pressures on ROE and on
internal rate of returns to investors has prompted the industry toward cash
dividends. This trend is exacerbated by the lack of growth potential.
Typically, when institutions are in a growth mode, they issue stock dividends
or do not declare a dividend. When growth is stunted, these institutions
shift toward reducing equity levels and thus utilize cash dividends as a tool
in this regard.
Nine of the ten comparable institutions had declared dividends. The
average dividend payout ratio for the Comparable Group, which pay dividends,
was 93.55% with a range from a high of 200.00% to a low of 0.00%.
The Bank has the ability to pay a dividend after the conversion but does
not intend to do so, at this time.
As such, a slight downward adjustment is indicated for this factor.
62
Liquidity of the Issue
The Comparable Group is by definition composed only of companies that
trade in the public markets with all ten of the Comparables trading on the
NASDAQ. Typically, the number of shares outstanding and the market
capitalization provides an indication of how much liquidity there will be in
a given stock. The actual liquidity can be measured by volume traded over a
given period of time.
The market capitalization values of the Comparable Group range from a low
of $4.49 million to a high of $17.85 million with an average market
capitalization of $10.16 million. The Bank expects to have $1.817 million of
market capital at the midpoint on a pro-forma basis which is well below the
average Comparable Group and will result in a significant lack of liquidity.
Based on the comparison with the Comparable Group and the above data, a
downward adjustment appears warranted.
63
Subscription Interest
The outcome of subscription offerings has been, historically, difficult
to predict. Since 1992, however, the conversions have experienced robust
subscription interest with the exception of late 1994 when the pricing
multiples were high. During late 1994, many subscriptions had the need to
resolicit due to lack of professional investor demand. During 1995, the
investor demand returned and the subscription interest increased, primarily
the result of lower market multiples. The vast majority of recent
conversions have oversubscribed and gone off at the maximum or super-maximum.
However, there were some offerings in May and June 1996 that went off at or
below the midpoint, indicating a possible shift away from interest in thrift
public offerings at that time.
Of more importance is the general strength of the aftermarket. Thrift
stock prices have soared upwards in recent months (see Figure 47) and is
showing strength across the board. Additionally, as shown in Exhibit 7, the
most recent conversions (within the last 3 months) have demonstrated a strong
price appreciation.
As such, an upward adjustment for subscription interest is warranted at
this time due to the strong aftermarket performance of recent conversions.
64
Recent Regulatory Matters
As a result of large after-market price increases of conversions during
1993 and early 1994, the regulatory agencies have issued guidelines on
appraisals for conversions. The regulators publicly indicated that only
modest immediate after-market price increases are appropriate for converting
institutions. The guidelines issued November 22, 1994, indicate that the
reasonableness and adequacy of an appraisal will be partially judged by the
immediate price movement of the conversion stock in the after-market, using a
very short time frame of the second day of trading following closing. The
guidelines further discuss that the average price appreciation for all IPOs
has been between 10 and 15%, which was deemed to be too high.
At around the same time period, IPO pricing was elevated on a book basis
and IPOs in late 1994 did not experience much appreciation. In fact,
numerous IPOs actually depreciated. 1995 brought back lower premiums to book
but they have been rising throughout 1996 to approximately the same levels as
late 1994. 1997 has continued the trend with IPO's popping over 30% on
average, for the first day of trading.
The price is adjusted slightly upward for this factor, as the publicity
surrounding the high price appreciation has caused considerable investor
interest in the IPO market and the result has been dramatic oversubscriptions.
65
Market for Seasoned Thrift
Stocks
Data for all public thrifts as of June 10, 1997 is provided in Exhibit 5.
A common measure utilized as a proxy for the performance of the thrift
industry is the SNL thrift index graphically shown below and tabularly shown
on the following page:
Figure 47- SNL Thrift Index Chart
SNL
Thrift
Date Index
---- ------
Jan-92...................................... 143.9
Jul-92...................................... 175.1
Jan-93...................................... 201.1
Jul-93...................................... 220.5
Jan-94...................................... 252.5
Jul-94...................................... 273.8
Jan-95...................................... 256.1
Jul-95...................................... 328.2
Jan-96...................................... 370.7
Jul-96...................................... 389.9
Jan-97...................................... 520.1
10-Jun-97...................................... 594.8
Source: SNL Securities
66
Figure 48 - Historical SNL Index
SNL THRIFT INDEX MONTHLY PERFORMANCE
January 2, 1992 to June 10, 1997
SNL % Change % Change % Change % Change % Change % Change
Thrift Since Since Since Since Since Since
Date Index 1/2/92 1/4/93 1/3/94 12/30/94 12/29/95 12/31/96
---- ------ -------- -------- -------- -------- -------- --------
1992 2-Jan 143.9 -- -- -- -- -- --
- ---- 3-Feb 153.3 6.5% -- -- -- -- --
2-Mar 164.3 14.2% -- -- -- -- --
1-Apr 157.6 9.5% -- -- -- -- --
1-May 160.8 11.7% -- -- -- -- --
1-Jun 170.4 18.4% -- -- -- -- --
1-Jul 175.1 21.7% -- -- -- -- --
1-Aug 179.7 24.9% -- -- -- -- --
1-Sep 169.6 17.9% -- -- -- -- --
1-Oct 167.0 16.1% -- -- -- -- --
2-Nov 172.4 19.8% -- -- -- -- --
1-Dec 186.2 29.4% -- -- -- -- --
1993 4-Jan 201.1 39.7% -- -- -- -- --
- ---- 1-Feb 219.1 52.3% 9.0% -- -- -- --
1-Mar 221.1 53.6% 9.9% -- -- -- --
1-Apr 228.2 58.6% 13.5% -- -- -- --
3-May 215.9 50.0% 7.4% -- -- -- --
1-Jun 214.7 49.2% 6.8% -- -- -- --
1-Jul 220.5 53.2% 9.6% -- -- -- --
2-Aug 234.7 63.1% 16.7% -- -- -- --
1-Sep 246.7 71.4% 22.7% -- -- -- --
1-Oct 259.9 80.6% 29.2% -- -- -- --
1-Nov 258.6 79.7% 28.6% -- -- -- --
1-Dec 245.7 70.7% 22.2% -- -- -- --
1994 3-Jan 252.5 75.5% 25.6% -- -- -- --
- ---- 1-Feb 257.2 78.7% 27.9% 1.9% -- -- --
1-Mar 245.4 70.5% 22.0% -2.8% -- -- --
1-Apr 241.6 67.9% 20.1% -4.3% -- -- --
2-May 249.3 73.2% 24.0% -1.3% -- -- --
1-Jun 263.3 83.0% 30.9% 4.3% -- -- --
6-Jul 273.8 90.3% 36.2% 8.4% -- -- --
1-Aug 277.2 92.6% 37.8% 9.8% -- -- --
1-Sep 286.4 99.0% 42.4% 13.4% -- -- --
3-Oct 277.3 92.7% 37.9% 9.8% -- -- --
1-Nov 258.9 79.9% 28.7% 2.5% -- -- --
1-Dec 242.3 68.4% 20.5% -4.0% -- -- --
1995 31-Jan 256.1 78.0% 27.3% 1.4% 5.7% -- --
- ---- 28-Feb 277.0 92.5% 37.7% 9.7% 14.3% -- --
31-Mar 278.4 93.5% 38.4% 10.3% 14.9% -- --
28-Apr 295.4 105.3% 46.9% 17.0% 21.9% -- --
31-May 307.6 113.8% 53.0% 21.8% 27.0% -- --
30-Jun 313.5 117.9% 55.9% 24.2% 29.4% -- --
30-Jul 328.2 128.1% 63.2% 30.0% 35.5% -- --
31-Aug 355.5 147.0% 76.8% 40.8% 46.7% -- --
30-Sep 362.3 151.8% 80.2% 43.5% 49.5% -- --
31-Oct 354.1 146.1% 76.1% 40.2% 46.1% -- --
30-Nov 370.2 157.3% 84.1% 46.6% 52.8% -- --
29-Dec 376.5 161.6% 87.2% 49.1% 55.4% -- --
1996 31-Jan 370.7 157.6% 84.3% 46.8% 53.0% -1.5% --
- ---- 29-Feb 373.6 159.6% 85.8% 48.0% 54.2% -0.8% --
29-Mar 382.1 165.5% 90.0% 51.3% 57.7% 1.5% --
30-Apr 380.3 164.3% 89.1% 50.6% 57.0% 1.0% --
31-May 383.0 166.2% 90.5% 51.7% 58.1% 1.7% --
28-Jun 387.2 169.1% 92.5% 53.3% 59.8% 2.8% --
31-Jul 389.9 171.0% 93.9% 54.4% 60.9% 3.6% --
30-Aug 408.3 183.7% 103.0% 61.7% 68.5% 8.4% --
30-Sep 429.3 198.3% 113.5% 70.0% 77.2% 14.0% --
31-Oct 456.7 217.4% 127.1% 80.9% 88.5% 21.3% --
29-Nov 485.8 237.6% 141.6% 92.4% 100.5% 29.0% --
31-Dec 483.6 236.1% 140.5% 91.5% 99.6% 28.4% --
1997 31-Jan 520.1 261.4% 158.6% 106.0% 114.7% 38.1% 7.5%
31-Mar 527.7 266.7% 162.4% 109.0% 117.8% 40.2% 9.1%
10-Jun 594.8 313.4% 195.8% 135.6% 145.5% 58.0% 23.0%
Source: SNL Securities
67
Figure 49 - Equity Indices
Index Comparisons
SNL S&P DJIA
--------------------------------------------------
6/30/94 269.6 444.3 3,625.0
12/30/94 244.7 459.3 3,834.4
6/30/95 313.5 544.8 4,556.1
12/29/95 376.5 615.9 5,117.1
6/28/96 387.2 670.6 5,654.6
12/31/96 483.6 740.7 6,448.3
6/10/97 594.8 865.3 7,539.3
As the chart and table illustrate, the performance of the SNL index has been
robust through 1992, 1993, 1994 and 1995. The dip in the index, occurring
in late 1994, was the product of the interest rate rise during that period
along with the overall uneasiness in the stock market in general. The index
has continued to grow, but at a reduced rate in 1996. The rate scenario
covering the same period as the SNL index can be seen in the following chart.
68
Figure 50 - Historical Rates
Historical Rates 4Q 93 1Q 94 2Q 94 3Q 94 4Q 94 1Q 95 2Q 95 3Q 95 4Q 95 1Q 96 2Q 96 3Q 96
- ---------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
3 month.............. 3.040 3.530 4.272 4.780 5.727 5.873 5.730 5.508 5.085 5.048 5.152 5.019
1 year............... 3.560 4.320 5.347 5.936 7.092 6.623 6.135 5.645 5.167 5.088 5.632 5.638
30 year.............. 6.340 6.960 7.345 7.800 7.876 7.593 6.889 6.730 5.959 6.285 6.920 6.908
As the graph demonstrates, the rate rise in late 1994 correlates closely to the
fall in thrift prices. The drop in rates in 1995 was one of the primary drivers
of the rapid rise in the SNL index. During 1996, rates increased slightly and
then remained stable, fueling the rise in the conversion prices. 1997 has seen
a continuation of this trend, with IPOs now pricing at 71.2% of book value, on
average.
Thrift pricing in general was robust in 1995 due to the falling interest rates,
the industry consolidation and renewed earnings. Contrasting this view, in late
1994 investors faced shrinking spreads and margins due to rising rates and
consolidation that was tailing off and slowing down. The blockbuster level of
consolidations have led many investors to think that all institutions are fair
game for acquisitions and prices have risen accordingly.
As Figure 49 shows, the SNL index has risen at a slower pace as the stock market
(using DJIA and S&P as proxies).
As such, no adjustment for this measure is warranted because although thrift
stocks have been trading at high multiples recently, and the demand for thrift
stocks continues to be strong, the performance has been earnings driven and the
Bank's earnings are weak.
69
ACQUISITION MARKET
The number of deals has been slowing down.
Figure 51 - Deals for Last Five Quarters
1995-2 1995-3 1995-4 1996-1 1996-2 1996-3 1996-4 1997-1 1997-2
Bank 85 92 80 79 87 91 79 55 46
Thrift 35 27 22 22 29 21 19 26 17
Source: SNL Securities
70
From 1994 through February 1997, thrift deal prices remained high. As
illustrated by the following graphs and tables, thrift deal prices as a multiple
of book value continue to climb through June 10, 1997, for all thrifts and
thrifts in the Mid-Atlantic region. Price to earnings for the Mid-Atlantic
region remained flat while the industry level rose. Interestingly, price to
assets and price to deposits declined, indicating that Mid-Atlantic thrifts have
leveraged capital more than the other two segments.
Figure 52 - Current Thrift Acquisition Multiples, Price to Book
[Data appears on page 1-76]
71
Figure 53 - Current Thrift Acquisition Multiples, Price to Tangible Book
Historical Price to Tangible Book Analysis
[Data appears on page 1-76]
72
Figure 54 - Thrift Acquisition Multiples, Price to Earnings
Historical Median Price to Earnings
[Data appears on page 1-76]
73
Figure 55 - Current Thrift Acquisition Multiples, Price to Assets
Historical Price to Assets
[Data appears on page 1-76]
74
Figure 56 - Current Thrift Acquisition Multiples, Price to Deposits
Historical Price to Deposits
[Data appears on page 1-76]
75
Figure 57 - Deal Multiples
Median Price to LTM Earnings 1994 1995 1996 1997 YTD
Thrifts -- Nationwide 13.8 18.8 17.7 24.6
Thrifts -- Mid-Atlantic 13.3 17.9 17.0 17.7
Thrifts -- Deal Value $10-$50 Million 13.5 17.6 18.7 39.1
Average Price to Book
Thrifts -- Nationwide 154.5 144.7 149.5 170.2
Thrifts -- Mid-Atlantic 153.9 156.5 156.9 192.4
Thrifts -- Deal Value $10-$50 Million 158.7 146.1 141.0 159.6
Average Price to Tangible Book
Thrifts -- Nationwide 158.9 149.1 153.6 173.4
Thrifts -- Mid-Atlantic 160.4 157.6 159.4 198.4
Thrifts -- Deal Value $10-$50 Million 159.7 153.6 144.1 159.8
Average Price to Assets
Thrifts -- Nationwide 13.9 14.8 15.0 18.5
Thrifts -- Mid-Atlantic 13.2 15.3 17.7 15.1
Thrifts -- Deal Value $10-$50 Million 15.4 15.4 16.7 21.9
Average Price to Deposits
Thrifts -- Nationwide 17.0 19.3 19.9 25.1
Thrifts -- Mid-Atlantic 16.2 20.3 24.5 22.3
Thrifts -- Deal Value $10-$50 Million 18.7 20.1 22.1 28.9
Currently there are two pending local thrift acquisitions announced, Greater New
York SB by Astoria Financial Corp. and RCSB Financial by Charter One Financial
of Ohio. The acquisition multiples associated with these deals are shown below.
Additionally, one deal, BFS Bankorp Inc. acquisition by Dime Bancorp closed
recently.
Figure 58 - New York Thrift Acquisition Table
At Announcement Offer Divided By
--------------------------------
PENDING Book Value LTM EPS
- ------- ------------- ---------
Greater New York SB 167 24.6
RCSB Financial 198 17.1
Pending Merger Average 168 24.6
COMPLETED
- ---------
BFS Bankorp Inc. 165 10.2
Completed Merger Average 165 32.1
Source: SNL Securities
76
No adjustment is warranted for this factor at time of conversion, since new
conversions are not readily available for acquisition for well over one year
from the date of conversion and since the market prices of the Comparables
already have this acquisition premium built in their prices.
77
ADJUSTMENTS TO VALUE
Overall, FinPro believes that the Bank pro-forma market value should be
discounted relative to the Comparable Group, reflecting the following
adjustments.
Key Valuation Parameters Valuation Adjustment
- --------------------------------------------------------------------------------
Financial Strength Slightly Upward
Earnings Quality Downward
Market Area No Adjustment
Management No Adjustment
Dividends Slightly Downward
Liquidity of the Issue Downward
Subscription Interest Upward
Recent Regulatory Matters Slightly Upward
Market for Seasoned Thrift Stocks No Adjustment
Acquisition Market No Adjustment
On a pro-forma basis, the Bank will be a highly capitalized institution on a
percentage basis with limited opportunities to leverage the capital as the
capital on a dollar basis is low. This implies that either the Bank will
remain overcapitalized or will have to build growth.
As such, and as a result of all the factors discussed, a full offering
discount in the 30% - 40% range from the average trading values of the
comparable companies appears to be reasonable. This is particularly true as
these numbers represent a premium to earnings and a discount to book for
recent standard conversions.
78
VALUATION APPROACH
In applying the accepted valuation methodology promulgated by the regulators,
i.e., the pro-forma market value approach, four key pricing multiples were
considered. The four multiples include:
Price to earnings ("P/E")
Price to tangible book value ("P/TB")
Price to book value ("P/B")
Price to assets ("P/A")
All of the approaches were calculated on a pro-forma basis including the
effects of the conversion proceeds. All of the assumptions utilized are
presented in Exhibits 8 and 9.
The appraisal takes into consideration the intent to purchase stock for the
employee stock ownership plan ("ESOP") and the management recognition plan
("MRP"). For valuation purposes, FinPro assumed that the ESOP would purchase
8% of the shares at the offering price, the MRP would purchase 4% of the
shares in the open market at the $10.00 per share issue price (the actual MRP
purchase price will be the then prevailing market rate for an open market
purchase, however since this price is in the future and unknown, the issue
price is used as a proxy).
To ascertain the pro-forma estimated market value of the Bank, the market
multiples for the Comparable Group, all publicly traded thrifts and the
recent (1996 to date) standard conversion group were assessed.
Since thrift earnings in general have had a high degree of volatility over
the past decade, the P/B approach has gained in importance and is utilized
frequently as the benchmark for market value. It is interesting to note that
the P/B approach is more of a benchmark than a reliable valuation technique.
A better approach is the P/TB approach. In general, investors tend to price
financial institutions on a tangible book basis, because it incorporates the
P/B approach adjusted for intangibles. Recently, the P/E approach has
regained favor among investors.
As such, in estimating the market value for the Bank, the P/TB was weighted
higher than the P/B approach. Additionally, the P/E approach was given equal
weighting to the P/TB approach as investors rely on the earnings stream for
investment decisions going forward. The P/A ratio was not given much weight
in the valuation process
79
In terms of the market multiples, the most weight was given to the Comparable
Group and the recent (1996 to date) standard conversions. Less weight was
ascribed to all public thrifts and all New York thrifts. The multiples for
the Comparable Group, all publicly traded thrifts, New York publicly traded
thrifts and the Bank is shown in Exhibit 6.
Based upon the approximately 30% discount defined in the section above, the
Bank pricing at the midpoint is estimated to be $1,150,000. Based upon a
range below and above the midpoint value, the relative values are $980,000 at
the minimum and $1,320,000 at the maximum respectively. At the supermaximum
of the range the offering value would be $1,520,000. The respective exchange
ratios, levels of Foundation and conversion shares are outlined below.
At the various levels of the estimated value range, the offering would result
in the following offering data:
Figure 59 - Value Range Offering Data
Full
Total Price Per Conversion
Conclusion Shares Share Value
Appraised Value-Midpoint 115 $10 $1,150
Appraised Value-Minimum 98 $10 $980
Appraised Value-Maximum 132 $10 $1,320
Appraised Value-SuperMaximum* 152 $10 $1,520
Source: FinPro Inc. Proforma Model
80
This equates to the following multiples:
Figure 60 - Comparable Pricing Multiples
Comparables
-----------------------------------------------
Price Relative to
-----------------------------------------------
Earnings Book Tangible Book Assets
- ------------------------ -------- -------- ------------- --------
The Bank (at midpoint) 66.67 63.29% 63.29% 9.44%
Comparable Group Average 45.79 101.38% 102.07% 19.14%
(Discount) Premium 45.60% -37.57% -37.99% -50.68%
Source: FinPro Calculations
Figure 61 - Recent Standard Conversion Multiples
Recent Standard Conversions
-----------------------------------------------
Price Relative to
-----------------------------------------------
Earnings Book Tangible Book Assets
- ------------------------ -------- -------- ------------- --------
The Bank (at midpoint) 66.67 63.29% 63.29% 9.44%
Comparable Group Average 21.10 71.20% 71.20% 16.40%
(Discount) Premium 215.97% -11.11% -11.11% -42.44%
Source: FinPro Calculations
As the tables above demonstrate, a premium is applied to the Bank relative to
the Comparable Group for earnings and a discount is applied to the Bank
relative to the Comparable Group for all other measures. In comparison to
the recent standard conversions, the premium on an earnings basis is offset
by the discount applied to the Bank on all other measures.
81
VALUATION CONCLUSION
It is, therefore, our opinion that as of June 10, 1997, the estimated
pro-forma market value of the Bank in a full offering was $1,150,000 at the
midpoint of a range with a minimum of $980,000 to a maximum of $1,320,000 at
15% below and 15% above the midpoint of the range respectively. Assuming an
adjusted maximum value of 15% above the maximum value, the adjusted maximum
value or supermaximum value in a full offering is $1,520,000. The stock will
be issued at $10.00 per share.
Pro-forma comparisons of the Bank's value range with the Comparable Group,
all public thrifts, New York public thrifts and the recent standard
conversion group is shown in Exhibits 8 and 9.
82
EXHIBIT 1
CONSOLIDATED BALANCE SHEETS
AS OF MARCH 31,
$ IN 000'S
-----------------------------------------
ASSETS 1997 1996 1995
- ------ ------------- ------------ ------------
Cash (including interest bearing deposits $120,000, 1997; $1,230,000,
1996)............................................................... $ 709,458 $ 1,350,573 $ 880,650
Trading account securities............................................ 69,324 -- --
Mortgage-backed securities, held-to-maturity.......................... 257,096 340,087 --
Investment securities
Securities held-to-maturity......................................... 200,000 -- 99,412
Securities available-for-sale....................................... 397,793 241,398 34,935
Loans receivable, net................................................. 9,392,212 5,527,632 6,473,585
Investments required by law--stock in Federal Home Loan
Bank of New York, at cost........................................... 58,500 64,200 64,200
Accrued interest receivable........................................... 38,630 19,287 18,701
Premise and equipment, net of accumulated depreciation................ 155,379 53,542 49,182
Deferred tax asset.................................................... 7,100 -- --
Other assets.......................................................... 40,309 9,708 7,410
------------- ------------ ------------
Total Assets...................................................... $ 11,325,801 $ 7,606,427 $ 7,628,075
------------- ------------ ------------
------------- ------------ ------------
Liabilities and Retained Earnings
Liabilities
Accounts payable...................................................... $ 7,920 $ 2,339 $ 1,005
Deposits.............................................................. 10,237,301 6,465,073 6,517,683
Advance payments by borrowers for taxes and insurance................. 107,277 95,397 154,848
Deferred tax liability................................................ -- 11,800 8,350
Other liabilities..................................................... 18,397 554 7,314
------------- ------------ ------------
Total Liabilities................................................. 10,370,895 6,575,163 6,689,200
------------- ------------ ------------
Commitments
Net Worth
Retained earnings--substantially restricted........................... 956,285 992,357 400,641
Retained earnings--unrestricted....................................... -- -- 506,378
Net unrealized gain (loss) on securities available for sale........... (1,379) 38,907 31,856
------------- ------------ ------------
Total Net Worth................................................... 954,906 1,031,264 938,875
------------- ------------ ------------
Total Liabilities and Retained Earnings........................... $ 11,325,801 $ 7,606,427 $ 7,628,075
------------- ------------ ------------
------------- ------------ ------------
- ------------------------
Source: Audited Financial Statements
EXHIBIT 2
CONSOLIDATED STATEMENTS OF INCOME
$ IN 000'S
YEAR ENDED
MARCH 31,
----------------------------------------------
1997 1996 1995 1994
---------- ---------- ---------- ----------
Interest Income:
Loans receivable
First mortgage loans......................................... $ 545,030 $ 492,992 $ 493,464 $ 484,796
Other loans.................................................. 39,932 23,115 28,490 36,409
Investment securities and interest bearing deposits............ 103,398 106,347 43,794 39,218
Discount accretion, net of premium deposits.................... -- -- (83) (374)
---------- ---------- ---------- ----------
Total interest income........................................ 688,360 622,454 565,665 560,049
Interest Expense:
Interest on deposits........................................... 326,607 270,115 225,236 267,240
---------- ---------- ---------- ----------
Net interest income.............................................. 361,753 352,339 340,429 292,809
---------- ---------- ---------- ----------
Provision for loan losses........................................ 78,000 -- -- --
---------- ---------- ---------- ----------
Net interest income after provision for loan losses.............. 283,753 352,339 340,429 292,809
---------- ---------- ---------- ----------
Non-interest income:
Loan fees and service charges.................................. 28,779 10,280 14,069 19,412
Trading account gain........................................... 67,056 -- -- --
---------- ---------- ---------- ----------
Total Non-interest income.................................... 95,835 10,280 14,069 19,412
Non-interest expense:
General and administrative expenses
Compensation, payroll taxes and fringe benefits.............. 184,154 115,481 113,600 149,768
Advertising and business promotion........................... 6,030 5,331 4,931 4,749
Building occupancy and equipment expenses, including
depreciation............................................... 34,086 24,920 25,230 25,902
Federal insurance premiums................................... 55,256 15,695 -- --
Other operating expenses..................................... 154,534 77,754 98,568 113,344
---------- ---------- ---------- ----------
Total Non-interest expense................................. 434,060 239,181 242,329 293,763
Income (loss) before income tax.............................. (54,472) 123,438 112,169 18,458
Provision for income tax expense (benefit)....................... (18,400) 38,100 28,984 4,530
---------- ---------- ---------- ----------
Net income (loss).............................................. (36,072) 85,338 83,185 13,928
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
- ------------------------
Source: Audited Financial Statements
EXHIBIT 3
CONSOLIDATED STATEMENTS OF RETAINED EARNINGS
YEAR ENDED MARCH 31, 1997
--------------------------------------------------------------------------
CHANGE IN UNREALIZED
GAIN (LOSS) ON
SECURITIES
BALANCE AVAILABLE FOR SALE, NET
BEGINNING OF ALLOCATION OF OF
YEAR NET INCOME (LOSS) DEFERRED INCOME TAXES END OF YEAR
---------------- ----------------- ----------------------- ------------
Substantially restricted Retained
earnings........................... $ 992,357 $ (36,072) $ -- $ 956,285
Unrealized gain (loss) on securities
available for sale................. 38,907 -- (40,286) (1,379)
---------------- -------- -------- ------------
Net Worth............................ $ 1,031,264 $ (36,072) $ (40,286) $ 954,906
---------------- -------- -------- ------------
---------------- -------- -------- ------------
Year Ended March 31, 1996
--------------------------------------------------------------------------
Substantially restricted Retained
earnings........................... $ 907,019 $ 85,338 $ -- $ 992,357
Unrealized gain (loss) on securities
available for sale................. 31,856 -- 7,051 38,907
---------------- -------- -------- ------------
Net Worth............................ $ 938,875 $ 85,338 $ 7,051 $ 1,031,264
---------------- -------- -------- ------------
---------------- -------- -------- ------------
- ------------------------
Source: Audited Financial Statements
EXHIBIT 4
CONSOLIDATED STATEMENTS OF CASH FLOWS
YEARS ENDED
MARCH 31,
-------------------------
1997 1996
----------- ------------
Cash flows provided (used) by operating activities
Net income (loss)................................................................... $ (36,072) $ 85,338
Adjustments to reconcile net income to net cash provided by (used in) operating
activities:
Depreciation........................................................................ 11,570 6,767
Amortization (accretion), net....................................................... 2,755 (88)
Provision for loan losses........................................................... 78,000 --
Deferred income taxes............................................................... (18,900) 3,450
Decrease (increase) in
Accrued interest receivable....................................................... (19,343) (586)
Trading account securities........................................................ (69,324) --
Other assets...................................................................... (30,601) (2,298)
Increase (decrease) in
Accounts payable.................................................................... 5,581 1,334
Other liabilities................................................................... 17,843 (6,760)
----------- ------------
Net cash provided by operating activities............................................. (58,491) 87,157
Cash flows provided (used) by investing activities
Net increase in loans receivable.................................................... (3,942,580) --
Net decrease in loans receivable.................................................... -- 628,120
Proceeds from sale of investments required by law................................... 5,700 --
Purchase of available-for-sale securities........................................... (399,063) (100,000)
Proceeds from principal repayments of mortgage-backed securities.................... 82,618 --
Purchase of premises and equipment.................................................. (113,407) (11,127)
----------- ------------
Net cash used in investing activities................................................. (4,366,732) 516,993
----------- ------------
Cash flows provided (used) by financing activities:
Net increase (decreased) in deposits................................................ 3,772,228 (74,776)
Increase (decrease) in advances from borrowing taxes and insurance.................. 11,880 (59,451)
----------- ------------
Net cash (used) provided by financing activities...................................... 3,784,108 (134,227)
----------- ------------
Net (decrease) increase in cash and cash equivalents.................................. (641,115) 469,923
Cash--beginning of year............................................................... 1,350,573 880,650
----------- ------------
Cash--end of year..................................................................... $ 709,458 $ 1,350,573
----------- ------------
Supplemental disclosures:
Cash paid for:
Income Taxes...................................................................... 17,140 24,248
Interest.......................................................................... 326,607 270,115
Increase (decrease) on unrealized gain on securities available-for-sale........... (40,286) 7,051
- ------------------------
Source: Audited Financial Statements
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CORPORATE
-----------------------------------------------------------------------
DEPOSIT
NUMBER INSURANCE
OF AGENCY CONVERSION
TICKER SHORT NAME EXCHANGE CITY STATE OFFICES IPO DATE (BIF/SAIF) TYPE
- ---------------------------------------- --------------------- ----- ------- -------- --------------------
%CAL...... California Federal Bank, a FSB Private Dallas TX 227 NA SAIF Not Avail.
%CCMD..... Chevy Chase Bank, FSB Private Chevy Chase MD 107 NA SAIF Not Avail.
AABC...... Access Anytime Bancorp, Inc. NASDAQ Clovis NA 3 08/08/86 SAIF Regular
AADV...... Advantage Bancorp Inc. NASDAQ Kenosha WI 15 03/23/92 SAIF Regular
ABBK...... Abington Bancorp Inc. NASDAQ Abington MA 7 06/10/86 BIF Regular
ABCL...... Alliance Bancorp Inc. NASDAQ Hinsdale IL 14 07/07/92 SAIF Regular
ABCW...... Anchor BanCorp Wisconsin NASDAQ Madison WI 34 07/16/92 SAIF Regular
AFBC...... Advance Financial Bancorp NASDAQ Wellsburg WV 2 01/02/97 SAIF Regular
AFCB...... Affiliated Community Bancorp NASDAQ Waltham MA 11 10/19/95 SAIF Not Avail.
AFED...... AFSALA Bancorp Inc. NASDAQ Amsterdam NY 4 10/01/96 SAIF Regular
AFFFZ..... America First Financial Fund NASDAQ San Francisco CA 36 NA SAIF Not Avail.
AHCI...... Ambanc Holding Co. Inc. NASDAQ Amsterdam NY 9 12/27/95 BIF Regular
AHM....... Ahmanson & Company (H.F.) NYSE Irwindale CA 391 10/25/72 SAIF Regular
ALBC...... Albion Banc Corp. NASDAQ Albion NY 2 07/26/93 SAIF Regular
ALBK...... ALBANK Financial Corporation NASDAQ Albany NY 70 04/01/92 SAIF Regular
AMFB...... American Federal Bank FSB NASDAQ Greenville SC 40 01/19/89 SAIF Modified
AMFC...... AMB Financial Corp. NASDAQ Munster IN 4 04/01/96 SAIF Regular
ANA....... Acadiana Bancshares Inc. AMSE Lafayette LA 4 07/16/96 SAIF Regular
ANBK...... American National Bancorp NASDAQ Baltimore MD 10 10/31/95 SAIF Not Avail.
ANDB...... Andover Bancorp Inc. NASDAQ Andover MA 12 05/08/86 BIF Regular
ASBI...... Ameriana Bancorp NASDAQ New Castle IN 8 03/02/87 SAIF Regular
ASBP...... ASB Financial Corp. NASDAQ Portsmouth OH 1 05/11/95 SAIF Regular
ASFC...... Astoria Financial Corporation NASDAQ Lake Success NY 45 11/18/93 SAIF Regular
ATSB...... AmTrust Capital Corp. NASDAQ Peru IN 2 03/28/95 SAIF Regular
AVND...... Avondale Financial Corp. NASDAQ Chicago IL 5 04/07/95 SAIF Regular
BANC...... BankAtlantic Bancorp Inc. NASDAQ Fort Lauderdale FL 56 11/29/83 SAIF Regular
BDJI...... First Federal Bancorporation NASDAQ Bemidji MN 5 04/04/95 SAIF Regular
BFD....... BostonFed Bancorp Inc. AMSE Burlington MA 10 10/24/95 SAIF Regular
BFFC...... Big Foot Financial Corp. NASDAQ Long Grove IL 3 12/20/96 SAIF Regular
BFSB...... Bedford Bancshares Inc. NASDAQ Bedford VA 3 08/22/94 SAIF Regular
BKC....... American Bank of Connecticut AMSE Waterbury CT 15 12/01/81 BIF Regular
BKCO...... Bankers Corp. NASDAQ Perth Amboy NJ 15 03/16/90 BIF Regular
BKCT...... Bancorp Connecticut Inc. NASDAQ Southington CT 3 07/03/86 BIF Regular
BKUNA..... BankUnited Financial Corp. NASDAQ Coral Gables FL 14 12/11/85 SAIF Regular
BNKU...... Bank United Corp. NASDAQ Houston TX 71 08/09/96 SAIF Not Avail.
BPLS...... Bank Plus Corp. NASDAQ Los Angeles CA 33 NA SAIF Not Avail.
BSBC...... Branford Savings Bank NASDAQ Branford CT 5 11/04/86 BIF Regular
BTHL...... Bethel Bancorp NASDAQ Portland ME 8 08/19/87 BIF Regular
BVCC...... Bay View Capital Corp. NASDAQ San Mateo CA 45 05/09/86 SAIF Regular
BWFC...... Bank West Financial Corp. NASDAQ Grand Rapids MI 3 03/30/95 SAIF Regular
BYFC...... Broadway Financial Corp. NASDAQ Los Angeles CA 3 01/09/96 SAIF Regular
CAFI...... Camco Financial Corp. NASDAQ Cambridge OH 11 NA SAIF Not Avail.
CAPS...... Capital Savings Bancorp Inc. NASDAQ Jefferson City MO 7 12/29/93 SAIF Regular
CASB...... Cascade Financial Corp. NASDAQ Everett WA 8 09/16/92 SAIF Regular
CASH...... First Midwest Financial Inc. NASDAQ Storm Lake IA 12 09/20/93 SAIF Regular
CATB...... Catskill Financial Corp. NASDAQ Catskill NY 4 04/18/96 BIF Regular
CBCI...... Calumet Bancorp Inc. NASDAQ Dolton IL 5 02/20/92 SAIF Regular
CBCO...... CB Bancorp Inc. NASDAQ Michigan City IN 3 12/28/92 SAIF Regular
CBES...... CBES Bancorp Inc. NASDAQ Excelsior Regular
Springs MO 2 09/30/96 SAIF
CBK....... Citizens First Financial Corp. AMSE Normal IL 6 05/01/96 SAIF Regular
CBNH...... Community Bankshares Inc. NASDAQ Concord NH 11 05/08/86 BIF Regular
CBSA...... Coastal Bancorp Inc. NASDAQ Houston TX 36 NA SAIF Not Avail.
CBSB...... Charter Financial Inc. NASDAQ Sparta IL 8 12/29/95 SAIF Not Avail.
CCFH...... CCF Holding Company NASDAQ Jonesboro GA 4 07/12/95 SAIF Regular
CEBK...... Central Co-operative Bank NASDAQ Somerville MA 8 10/24/86 BIF Regular
CENB...... Century Bancorp Inc. NASDAQ Thomasville NC 1 12/23/96 SAIF Regular
CENF...... CENFED Financial Corp. NASDAQ Pasadena CA 18 10/25/91 SAIF Regular
CFB....... Commercial Federal Corporation NYSE Omaha NE 107 12/31/84 SAIF Regular
CFCP...... Coastal Financial Corp. NASDAQ Myrtle Beach SC 9 09/26/90 SAIF Regular
CFFC...... Community Financial Corp. NASDAQ Staunton VA 3 03/30/88 SAIF Regular
CFHC...... California Financial Holding NASDAQ Stockton CA 26 04/01/83 SAIF Regular
CFNC...... Carolina Fincorp Inc. NASDAQ Rockingham NC 4 11/25/96 SAIF Regular
CFSB...... CFSB Bancorp Inc. NASDAQ Lansing MI 17 06/22/90 SAIF Regular
CFTP...... Community Federal Bancorp NASDAQ Tupelo MS 1 03/26/96 SAIF Regular
CFX....... CFX Corporation AMSE Keene NH 43 02/12/87 BIF Regular
CIBI...... Community Investors Bancorp NASDAQ Bucyrus OH 3 02/07/95 SAIF Regular
CKFB...... CKF Bancorp Inc. NASDAQ Danville KY 1 01/04/95 SAIF Regular
CLAS...... Classic Bancshares Inc. NASDAQ Ashland KY 3 12/29/95 SAIF Regular
CMRN...... Cameron Financial Corp NASDAQ Cameron MO 3 04/03/95 SAIF Regular
CMSB...... Commonwealth Bancorp Inc. NASDAQ Valley Forge PA 54 06/17/96 SAIF Not Avail.
CMSV...... Community Savings, MHC NASDAQ North Palm Mutual HC
Beach FL 19 10/24/94 SAIF
CNBA...... Chester Bancorp Inc. NASDAQ Chester IL 6 10/08/96 SAIF Regular
CNIT...... CENIT Bancorp Inc. NASDAQ Norfolk VA 22 08/06/92 SAIF Regular
CNSB...... CNS Bancorp Inc. NASDAQ Jefferson City MO 5 06/12/96 SAIF Regular
CNY....... Carver Bancorp Inc. AMSE New York NY 7 10/25/94 SAIF Regular
COFD...... Collective Bancorp Inc. NASDAQ Egg Harbor City NJ 82 02/07/84 SAIF Regular
COFI...... Charter One Financial NASDAQ Cleveland OH 174 01/22/88 SAIF Regular
CONE...... Conestoga Bancorp, Inc. NASDAQ Roslyn NY 8 03/30/94 SAIF Regular
COOP...... Cooperative Bankshares Inc. NASDAQ Wilmington NC 17 08/21/91 SAIF Regular
COVB...... CoVest Bancshares Inc. NASDAQ Des Plaines IL 3 07/01/92 SAIF Regular
CRZY...... Crazy Woman Creek Bancorp NASDAQ Buffalo WY 1 03/29/96 SAIF Regular
CSA....... Coast Savings Financial NYSE Los Angeles CA 92 12/23/85 SAIF Regular
CSBF...... CSB Financial Group Inc. NASDAQ Centralia IL 2 10/09/95 SAIF Regular
CTZN...... CitFed Bancorp Inc. NASDAQ Dayton OH 35 01/23/92 SAIF Regular
CVAL...... Chester Valley Bancorp Inc. NASDAQ Downingtown PA 7 03/27/87 SAIF Regular
CZF....... CitiSave Financial Corp AMSE Baton Rouge LA 6 07/14/95 SAIF Regular
DCBI...... Delphos Citizens Bancorp Inc. NASDAQ Delphos OH 1 11/21/96 SAIF Regular
DFIN...... Damen Financial Corp. NASDAQ Schaumburg IL 3 10/02/95 SAIF Regular
DIBK...... Dime Financial Corp. NASDAQ Wallingford CT 11 07/09/86 BIF Regular
DIME...... Dime Community Bancorp Inc. NASDAQ Brooklyn NY 15 06/26/96 BIF Regular
DME....... Dime Bancorp Inc. NYSE New York NY 86 08/19/86 BIF Regular
DNFC...... D & N Financial Corp. NASDAQ Hancock MI 37 02/13/85 SAIF Regular
DSL....... Downey Financial Corp. NYSE Newport Beach CA 82 01/01/71 SAIF Not Avail.
EBCP...... Eastern Bancorp NASDAQ Dover NH 32 11/17/83 SAIF Regular
EBSI...... Eagle Bancshares NASDAQ Tucker GA 14 04/01/86 SAIF Regular
EFBC...... Empire Federal Bancorp Inc. NASDAQ Livingston MT 3 01/27/97 SAIF Regular
EFBI...... Enterprise Federal Bancorp NASDAQ West Chester OH 5 10/17/94 SAIF Regular
EGFC...... Eagle Financial Corp. NASDAQ Bristol CT 19 02/03/87 SAIF Regular
EGLB...... Eagle BancGroup Inc. NASDAQ Bloomington IL 3 07/01/96 SAIF Regular
EIRE...... Emerald Isle Bancorp Inc. NASDAQ Quincy MA 8 09/08/86 BIF Regular
EMLD...... Emerald Financial Corp. NASDAQ Strongsville OH 14 NA SAIF Regular
EQSB...... Equitable Federal Savings Bank NASDAQ Wheaton MD 4 09/10/93 SAIF Supervisory
ESBK...... Elmira Savings Bank (The) NASDAQ Elmira NY 6 03/01/85 BIF Regular
ESX....... Essex Bancorp Inc. AMSE Norfolk VA 4 07/18/90 SAIF Not Avail.
ETFS...... East Texas Financial Services NASDAQ Tyler TX 2 01/10/95 SAIF Regular
FAB....... FirstFed America Bancorp Inc. AMSE Fall River MA 13 01/15/97 SAIF Regular
FBBC...... First Bell Bancorp Inc. NASDAQ Pittsburgh PA 7 06/29/95 SAIF Regular
FBCI...... Fidelity Bancorp Inc. NASDAQ Chicago IL 5 12/15/93 SAIF Regular
FBCV...... 1ST Bancorp NASDAQ Vincennes IN 1 04/07/87 SAIF Regular
FBER...... 1st Bergen Bancorp NASDAQ Wood-Ridge NJ 4 04/01/96 SAIF Regular
FBHC...... Fort Bend Holding Corp. NASDAQ Rosenberg TX 6 06/30/93 SAIF Regular
FBSI...... First Bancshares Inc. NASDAQ Mountain Grove MO 6 12/22/93 SAIF Regular
FCB....... Falmouth Co-Operative Bank AMSE Falmouth MA 2 03/28/96 BIF Regular
FCBF...... FCB Financial Corp. NASDAQ Neenah WI 6 09/24/93 SAIF Regular
FCIT...... First Citizens Financial Corp. NASDAQ Gaithersburg MD 15 12/17/86 SAIF Regular
FCME...... First Coastal Corporation NASDAQ Westbrook ME 7 NA BIF Not Avail.
FDEF...... First Defiance Financial NASDAQ Defiance OH 9 10/02/95 SAIF Not Avail.
FED....... FirstFed Financial Corp. NYSE Santa Monica CA 25 12/16/83 SAIF Regular
FESX...... First Essex Bancorp Inc. NASDAQ Andover MA 15 08/04/87 BIF Regular
FFBA...... First Colorado Bancorp Inc. NASDAQ Lakewood CO 26 01/02/96 SAIF Not Avail.
FFBH...... First Federal Bancshares of AR NASDAQ Harrison AR 12 05/03/96 SAIF Regular
FFBI...... First Financial Bancorp Inc. NASDAQ Belvidere IL 2 10/04/93 SAIF Regular
FFBS...... FFBS BanCorp Inc. NASDAQ Columbus MS 3 07/01/93 SAIF Regular
FFBZ...... First Federal Bancorp Inc. NASDAQ Zanesville OH 6 07/13/92 SAIF Regular
FFCH...... First Financial Holdings Inc. NASDAQ Charleston SC 33 11/10/83 SAIF Regular
FFDB...... FirstFed Bancorp Incorporated NASDAQ Bessemer AL 7 11/19/91 SAIF Regular
FFDF...... FFD Financial Corp. NASDAQ Dover OH 1 04/03/96 SAIF Regular
FFED...... Fidelity Federal Bancorp NASDAQ Evansville IN 4 08/31/87 SAIF Regular
FFES...... First Federal of East Hartford NASDAQ East Hartford CT 12 06/23/87 SAIF Regular
FFFC...... FFVA Financial Corp. NASDAQ Lynchburg VA 12 10/12/94 SAIF Regular
FFFD...... North Central Bancshares Inc. NASDAQ Fort Dodge IA 4 03/21/96 SAIF Not Avail.
FFFG...... F.F.O. Financial Group Inc. NASDAQ St. Cloud FL 11 10/13/88 SAIF Regular
FFFL...... Fidelity Bankshares Inc., MHC NASDAQ West Palm Beach FL 20 01/07/94 SAIF Mutual HC
FFHC...... First Financial Corp. NASDAQ Stevens Point WI 128 12/24/80 SAIF Regular
FFHH...... FSF Financial Corp. NASDAQ Hutchinson MN 11 10/07/94 SAIF Regular
FFHS...... First Franklin Corporation NASDAQ Cincinnati OH 7 01/26/88 SAIF Regular
FFIC...... Flushing Financial Corp. NASDAQ Flushing NY 7 11/21/95 BIF Regular
FFKY...... First Federal Financial Corp. NASDAQ Elizabethtown KY 8 07/15/87 SAIF Regular
FFLC...... FFLC Bancorp Inc. NASDAQ Leesburg FL 9 01/04/94 SAIF Regular
FFOH...... Fidelity Financial of Ohio NASDAQ Cincinnati OH 11 03/04/96 SAIF Not Avail.
FFPB...... First Palm Beach Bancorp Inc. NASDAQ West Palm Beach FL 40 09/29/93 SAIF Regular
FFSL...... First Independence Corp. NASDAQ Independence KS 2 10/08/93 SAIF Regular
FFSW...... FirstFederal Financial Svcs NASDAQ Wooster OH 20 03/31/87 SAIF Regular
FFSX...... First Fed SB of Siouxland, MHC NASDAQ Sioux City IA 13 07/13/92 SAIF Mutual HC
FFWC...... FFW Corp. NASDAQ Wabash IN 3 04/05/93 SAIF Regular
FFWD...... Wood Bancorp Inc. NASDAQ Bowling Green OH 6 08/31/93 SAIF Regular
FFYF...... FFY Financial Corp. NASDAQ Youngstown OH 12 06/28/93 SAIF Regular
FGHC...... First Georgia Holding Inc. NASDAQ Brunswick GA 9 02/11/87 SAIF Regular
FIBC...... Financial Bancorp Inc. NASDAQ Long Island Regular
City NY 5 08/17/94 SAIF
FISB...... First Indiana Corporation NASDAQ Indianapolis IN 28 08/02/83 SAIF Regular
FKFS...... First Keystone Financial NASDAQ Media PA 5 01/26/95 SAIF Regular
FKKY...... Frankfort First Bancorp Inc. NASDAQ Frankfort KY 3 07/10/95 SAIF Regular
FLAG...... FLAG Financial Corp. NASDAQ LaGrange GA 4 12/11/86 SAIF Regular
FLFC...... First Liberty Financial Corp. NASDAQ Macon GA 31 12/06/83 SAIF Regular
FLGS...... Flagstar Bancorp Inc. NASDAQ Bloomfield Not Avail.
Hills MI 15 NA SAIF
FLKY...... First Lancaster Bancshares NASDAQ Lancaster KY 1 07/01/96 SAIF Regular
FMBD...... First Mutual Bancorp Inc. NASDAQ Decatur IL 12 07/05/95 SAIF Regular
FMCO...... FMS Financial Corporation NASDAQ Burlington NJ 18 12/14/88 SAIF Regular
FMSB...... First Mutual Savings Bank NASDAQ Bellevue WA 7 12/17/85 BIF Regular
FNGB...... First Northern Capital Corp. NASDAQ Green Bay WI 20 12/29/83 SAIF Regular
FOBC...... Fed One Bancorp NASDAQ Wheeling WV 9 01/19/95 SAIF Not Avail.
FPRY...... First Financial Bancorp NASDAQ Tallahassee FL 6 03/29/88 SAIF Regular
FRC....... First Republic Bancorp NYSE San Francisco CA 13 NA BIF Not Avail.
FSBI...... Fidelity Bancorp Inc. NASDAQ Pittsburgh PA 8 06/24/88 SAIF Regular
FSFC...... First Southeast Financial Corp NASDAQ Anderson SC 11 10/08/93 SAIF Regular
FSLA...... First Savings Bank, MHC NASDAQ Woodbridge NJ 16 07/10/92 SAIF Mutual HC
FSNJ...... First Savings Bk of NJ, MHC NASDAQ Bayonne NJ 4 01/09/95 SAIF Mutual HC
FSPG...... First Home Bancorp Inc. NASDAQ Pennsville NJ 10 04/20/87 SAIF Regular
FSSB...... First FS&LA of San Bernardino NASDAQ San Bernardino CA 4 02/02/93 SAIF Regular
FSTC...... First Citizens Corporation NASDAQ Newnan GA 9 03/01/86 SAIF Regular
FTF....... Texarkana First Financial Corp AMSE Texarkana AR 5 07/07/95 SAIF Regular
FTFC...... First Federal Capital Corp. NASDAQ La Crosse WI 45 11/02/89 SAIF Regular
FTNB...... Fulton Bancorp Inc. NASDAQ Fulton MO 2 10/18/96 SAIF Regular
FTSB...... Fort Thomas Financial Corp. NASDAQ Fort Thomas KY 2 06/28/95 SAIF Regular
FWWB...... First SB of Washington Bancorp NASDAQ Walla Walla WA 21 11/01/95 SAIF Regular
GAF....... GA Financial Inc. AMSE Pittsburgh PA 13 03/26/96 SAIF Regular
GBCI...... Glacier Bancorp Inc. NASDAQ Kalispell MT 16 03/30/84 SAIF Regular
GDVS...... Greater Delaware Valley SB,MHC NASDAQ Broomall PA 7 03/03/95 SAIF Mutual HC
GDW....... Golden West Financial NYSE Oakland CA 246 05/29/59 SAIF Not Avail.
GFCO...... Glenway Financial Corp. NASDAQ Cincinnati OH 6 11/30/90 SAIF Regular
GFED...... Guaranty Federal SB, MHC NASDAQ Springfield MO 4 04/10/95 SAIF Mutual HC
GFSB...... GFS Bancorp Inc. NASDAQ Grinnell IA 1 01/06/94 SAIF Regular
GLBK...... Glendale Co-Operative Bank NASDAQ Everett MA 1 01/10/94 BIF Regular
GLN....... Glendale Federal Bank FSB NYSE Glendale CA 154 10/01/83 SAIF Regular
GPT....... GreenPoint Financial Corp. NYSE New York NY 74 01/28/94 BIF Regular
GRTR...... Greater New York Savings Bank NASDAQ New York NY 14 06/17/87 BIF Regular
GSBC...... Great Southern Bancorp Inc. NASDAQ Springfield MO 25 12/14/89 SAIF Regular
GSFC...... Green Street Financial Corp. NASDAQ Fayetteville NC 3 04/04/96 SAIF Regular
GSLA...... GS Financial Corp. NASDAQ Metairie LA 3 04/01/97 SAIF Regular
GTFN...... Great Financial Corporation NASDAQ Louisville KY 45 03/31/94 SAIF Regular
GTPS...... Great American Bancorp NASDAQ Champaign IL 3 06/30/95 SAIF Regular
GUPB...... GFSB Bancorp Inc. NASDAQ Gallup NA 1 06/30/95 SAIF Regular
GWBC...... Gateway Bancorp Inc. NASDAQ Catlettsburg KY 2 01/18/95 SAIF Regular
GWF....... Great Western Financial NYSE Chatsworth CA 416 NA SAIF Not Avail.
HALL...... Hallmark Capital Corp. NASDAQ West Allis WI 3 01/03/94 SAIF Regular
HARB...... Harbor Federal Savings Bk, MHC NASDAQ Fort Pierce FL 23 01/06/94 SAIF Mutual HC
HARL...... Harleysville Savings Bank NASDAQ Harleysville PA 4 08/04/87 SAIF Regular
HARS...... Harris Savings Bank, MHC NASDAQ Harrisburg PA 32 01/25/94 SAIF Mutual HC
HAVN...... Haven Bancorp Inc. NASDAQ Woodhaven NY 20 09/23/93 SAIF Regular
HBBI...... Home Building Bancorp NASDAQ Washington IN 2 02/08/95 SAIF Regular
HBEI...... Home Bancorp of Elgin Inc. NASDAQ Elgin IL 5 09/27/96 SAIF Regular
HBFW...... Home Bancorp NASDAQ Fort Wayne IN 9 03/30/95 SAIF Regular
HBNK...... Highland Federal Bank FSB NASDAQ Burbank CA 8 NA SAIF Not Avail.
HBS....... Haywood Bancshares Inc. AMSE Waynesville NC 4 12/18/87 BIF Not Avail.
HCBB...... HCB Bancshares Inc. NASDAQ Camden AR 6 05/07/97 SAIF Regular
HCFC...... Home City Financial Corp. NASDAQ Springfield OH 1 12/30/96 SAIF Regular
HEMT...... HF Bancorp Inc. NASDAQ Hemet CA 19 06/30/95 SAIF Regular
HFFB...... Harrodsburg First Fin Bancorp NASDAQ Harrodsburg KY 2 10/04/95 SAIF Regular
HFFC...... HF Financial Corp. NASDAQ Sioux Falls SD 19 04/08/92 SAIF Regular
HFGI...... Harrington Financial Group NASDAQ Richmond IN 3 NA SAIF Not Avail.
HFNC...... HFNC Financial Corp. NASDAQ Charlotte NC 9 12/29/95 SAIF Regular
HFSA...... Hardin Bancorp Inc. NASDAQ Hardin MO 3 09/29/95 SAIF Regular
HHFC...... Harvest Home Financial Corp. NASDAQ Cheviot OH 3 10/10/94 SAIF Regular
HIFS...... Hingham Instit. for Savings NASDAQ Hingham MA 5 12/20/88 BIF Regular
HMCI...... HomeCorp Inc. NASDAQ Rockford IL 9 06/22/90 SAIF Regular
HMLK...... Hemlock Federal Financial Corp NASDAQ Oak Forest IL 3 04/02/97 SAIF Regular
HMNF...... HMN Financial Inc. NASDAQ Spring Valley MN 7 06/30/94 SAIF Regular
HOMF...... Home Federal Bancorp NASDAQ Seymour IN 16 01/23/88 SAIF Regular
HPBC...... Home Port Bancorp Inc. NASDAQ Nantucket MA 2 08/25/88 BIF Regular
HRBF...... Harbor Federal Bancorp Inc. NASDAQ Baltimore MD 9 08/12/94 SAIF Regular
HRZB...... Horizon Financial Corp. NASDAQ Bellingham WA 12 08/01/86 BIF Regular
HTHR...... Hawthorne Financial Corp. NASDAQ El Segundo CA 6 NA SAIF Not Avail.
HVFD...... Haverfield Corporation NASDAQ Cleveland OH 10 03/19/85 SAIF Regular
HWEN...... Home Financial Bancorp NASDAQ Spencer IN 1 07/02/96 SAIF Regular
HZFS...... Horizon Financial Svcs Corp. NASDAQ Oskaloosa IA 3 06/30/94 SAIF Regular
IBSF...... IBS Financial Corp. NASDAQ Cherry Hill NJ 10 10/13/94 SAIF Regular
IFSB...... Independence Federal Savings NASDAQ Washington DC 2 06/06/85 SAIF Regular
IFSL...... Indiana Federal Corporation NASDAQ Valparaiso IN 16 02/04/87 SAIF Regular
INBI...... Industrial Bancorp NASDAQ Bellevue OH 10 08/01/95 SAIF Regular
INCB...... Indiana Community Bank SB NASDAQ Lebanon IN 3 12/15/94 SAIF Regular
IPSW...... Ipswich Savings Bank NASDAQ Ipswich MA 5 05/26/93 BIF Regular
ISBF...... ISB Financial Corporation NASDAQ New Iberia LA 25 04/07/95 SAIF Regular
ITLA...... ITLA Capital Corp. NASDAQ La Jolla CA 9 10/24/95 BIF Not Avail.
IWBK...... InterWest Bancorp Inc. NASDAQ Oak Harbor WA 37 NA SAIF Not Avail.
JOAC...... Joachim Bancorp Inc. NASDAQ De Soto MO 1 12/28/95 SAIF Regular
JSBA...... Jefferson Savings Bancorp NASDAQ Ballwin MO 32 04/08/93 SAIF Regular
JSBF...... JSB Financial Inc. NASDAQ Lynbrook NY 13 06/27/90 BIF Regular
JXSB...... Jacksonville Savings Bank, MHC NASDAQ Jacksonville IL 4 04/21/95 SAIF Mutual HC
JXVL...... Jacksonville Bancorp Inc. NASDAQ Jacksonville TX 6 04/01/96 SAIF Not Avail.
KFBI...... Klamath First Bancorp NASDAQ Klamath Falls OR 7 10/05/95 SAIF Regular
KNK....... Kankakee Bancorp Inc. AMSE Kankakee IL 9 01/06/93 SAIF Regular
KSAV...... KS Bancorp Inc. NASDAQ Kenly NC 4 12/30/93 SAIF Regular
KSBK...... KSB Bancorp Inc. NASDAQ Kingfield ME 8 06/24/93 BIF Regular
KYF....... Kentucky First Bancorp Inc. AMSE Cynthiana KY 2 08/29/95 SAIF Regular
LARK...... Landmark Bancshares Inc. NASDAQ Dodge City KS 5 03/28/94 SAIF Regular
LARL...... Laurel Capital Group Inc. NASDAQ Allison Park PA 6 02/20/87 SAIF Regular
LFBI...... Little Falls Bancorp Inc. NASDAQ Little Falls NJ 6 01/05/96 SAIF Regular
LFED...... Leeds Federal Savings Bk, MHC NASDAQ Baltimore MD 1 05/02/94 SAIF Mutual HC
LIFB...... Life Bancorp Inc. NASDAQ Norfolk VA 20 10/11/94 SAIF Regular
LISB...... Long Island Bancorp Inc. NASDAQ Melville NY 36 04/18/94 SAIF Regular
LOGN...... Logansport Financial Corp. NASDAQ Logansport IN 1 06/14/95 SAIF Regular
LONF...... London Financial Corporation NASDAQ London OH 1 04/01/96 SAIF Regular
LSBI...... LSB Financial Corp. NASDAQ Lafayette IN 4 02/03/95 BIF Regular
LSBX...... Lawrence Savings Bank NASDAQ North Andover MA 5 05/02/86 BIF Regular
LVSB...... Lakeview Financial NASDAQ West Paterson NJ 8 12/22/93 SAIF Regular
LXMO...... Lexington B&L Financial Corp. NASDAQ Lexington MO 1 06/06/96 SAIF Regular
MAFB...... MAF Bancorp Inc. NASDAQ Clarendon Hills IL 20 01/12/90 SAIF Regular
MARN...... Marion Capital Holdings NASDAQ Marion IN 2 03/18/93 SAIF Regular
MASB...... MASSBANK Corp. NASDAQ Reading MA 14 05/28/86 BIF Regular
MBB....... MSB Bancorp Inc. AMSE Goshen NY 16 09/03/92 BIF Regular
MBBC...... Monterey Bay Bancorp Inc. NASDAQ Watsonville CA 7 02/15/95 SAIF Regular
MBLF...... MBLA Financial Corp. NASDAQ Macon MO 2 06/24/93 SAIF Regular
MBSP...... Mitchell Bancorp Inc. NASDAQ Spruce Pine NC 1 07/12/96 SAIF Regular
MCBN...... Mid-Coast Bancorp Inc. NASDAQ Waldoboro ME 2 11/02/89 SAIF Regular
MCBS...... Mid Continent Bancshares Inc. NASDAQ El Dorado KS 9 06/27/94 SAIF Regular
MDBK...... Medford Savings Bank NASDAQ Medford MA 16 03/18/86 BIF Regular
MECH...... Mechanics Savings Bank NASDAQ Hartford CT 14 06/26/96 BIF Regular
MERI...... Meritrust Federal SB NASDAQ Thibodaux LA 8 NA SAIF Not Avail.
METF...... Metropolitan Financial Corp. NASDAQ Mayfield Not Avail.
Heights OH 15 NA SAIF
MFBC...... MFB Corp. NASDAQ Mishawaka IN 4 03/25/94 SAIF Regular
MFCX...... Marshalltown Financial Corp. NASDAQ Marshalltown IA 3 03/31/94 SAIF Regular
MFFC...... Milton Federal Financial Corp. NASDAQ West Milton OH 2 10/07/94 SAIF Regular
MFLR...... Mayflower Co-operative Bank NASDAQ Middleboro MA 4 12/23/87 BIF Regular
MFSL...... Maryland Federal Bancorp NASDAQ Hyattsville MD 25 06/02/87 SAIF Regular
MGNL...... Magna Bancorp Inc. NASDAQ Hattiesburg MS 63 03/13/91 SAIF Regular
MIFC...... Mid-Iowa Financial Corp. NASDAQ Newton IA 6 10/14/92 SAIF Regular
MIVI...... Mississippi View Holding Co. NASDAQ Little Falls MN 1 03/24/95 SAIF Regular
MLBC...... ML Bancorp Inc. NASDAQ Villanova PA 25 08/11/94 SAIF Regular
MRKF...... Market Financial Corporation NASDAQ Mount Healthy OH 2 03/27/97 SAIF Regular
MSBF...... MSB Financial Inc. NASDAQ Marshall MI 2 02/06/95 SAIF Regular
MSBK...... Mutual Savings Bank FSB NASDAQ Bay City MI 22 07/17/92 SAIF Regular
MWBI...... Midwest Bancshares Inc. NASDAQ Burlington IA 4 11/12/92 SAIF Regular
MWBX...... MetroWest Bank NASDAQ Framingham MA 11 10/10/86 BIF Regular
MWFD...... Midwest Federal Financial NASDAQ Baraboo WI 9 07/08/92 SAIF Regular
NASB...... North American Savings Bank NASDAQ Grandview MO 7 09/27/85 SAIF Not Avail.
NBN....... Northeast Bancorp AMSE Portland ME 8 08/19/87 BIF Regular
NBSI...... North Bancshares Inc. NASDAQ Chicago IL 2 12/21/93 SAIF Regular
NEIB...... Northeast Indiana Bancorp NASDAQ Huntington IN 3 06/28/95 SAIF Regular
NHTB...... New Hampshire Thrift Bncshrs NASDAQ New London NH 10 05/22/86 SAIF Regular
NASB...... NewMil Bancorp Inc. NASDAQ New Milford CT 13 02/01/86 BIF Regular
NSBC...... NewSouth Bancorp, Inc. NASDAQ Washington NC 8 04/08/97 SAIF Regular
NSLB...... NS&L Bancorp Inc. NASDAQ Neosho MO 2 06/08/95 SAIF Regular
NSSB...... Norwich Financial Corp. NASDAQ Norwich CT 19 11/14/86 BIF Regular
NSSY...... Norwalk Savings Society NASDAQ Norwalk CT 7 06/16/94 BIF Regular
NTMG...... Nutmeg Federal S&LA NASDAQ Danbury CT 3 NA SAIF Not Avail.
NWEQ...... Northwest Equity Corp. NASDAQ Amery WI 3 10/11/94 SAIF Regular
NWSB...... Northwest Savings Bank, MHC NASDAQ Warren PA 56 11/07/94 SAIF Mutual HC
NYB....... New York Bancorp Inc. NYSE Douglaston NY 29 01/28/88 SAIF Regular
OCFC...... Ocean Financial Corp. NASDAQ Toms River NJ 10 07/03/96 SAIF Regular
OCWN...... Ocwen Financial Corporation NASDAQ West Palm Beach FL 1 NA SAIF Not Avail.
OFCP...... Ottawa Financial Corp. NASDAQ Holland MI 26 08/19/94 SAIF Regular
OHSL...... OHSL Financial Corp. NASDAQ Cincinnati OH 5 02/10/93 SAIF Regular
PALM...... Palfed, Inc. NASDAQ Aiken SC 22 12/15/85 SAIF Regular
PAMM...... PacificAmerica Money Center NASDAQ Woodland Hills CA 1 06/25/96 BIF Not Avail.
PBCI...... Pamrapo Bancorp Inc. NASDAQ Bayonne NJ 8 11/14/89 SAIF Regular
PBCT...... People's Bank, MHC NASDAQ Bridgeport CT 97 07/06/88 BIF Mutual HC
PBIX...... Patriot Bank Corp. NASDAQ Pottstown PA 10 12/04/95 SAIF Regular
PBKB...... People's Bancshares Inc. NASDAQ South Easton MA 14 10/23/86 BIF Regular
PBNB...... People's Savings Financial Cp. NASDAQ New Britain CT 9 08/20/86 BIF Regular
PCBC...... Perry County Financial Corp. NASDAQ Perryville MO 1 02/13/95 SAIF Regular
PCCI...... Pacific Crest Capital NASDAQ Agoura Hills CA 3 NA BIF Not Avail.
PDB....... Piedmont Bancorp Inc. AMSE Hillsborough NC 1 12/08/95 SAIF Regular
PEEK...... Peekskill Financial Corp. NASDAQ Peekskill NY 3 12/29/95 SAIF Regular
PERM...... Permanent Bancorp Inc. NASDAQ Evansville IN 12 04/04/94 SAIF Regular
PERT...... Perpetual Bank, MHC NASDAQ Anderson SC 6 10/26/93 SAIF Mutual HC
PETE...... Primary Bank NASDAQ Peterborough NH 9 10/14/93 BIF Regular
PFDC...... Peoples Bancorp NASDAQ Auburn IN 6 07/07/87 SAIF Regular
PFED...... Park Bancorp Inc. NASDAQ Chicago IL 3 08/12/96 SAIF Regular
PFFB...... PFF Bancorp Inc. NASDAQ Pomona CA 23 03/29/96 SAIF Regular
PFFC...... Peoples Financial Corp. NASDAQ Massillon OH 2 09/13/96 SAIF Regular
PFNC...... Progress Financial Corporation NASDAQ Blue Bell PA 10 07/18/83 SAIF Regular
PFSB...... PennFed Financial Services Inc NASDAQ West Orange NJ 17 07/15/94 SAIF Regular
PFSL...... Pocahontas FS&LA, MHC NASDAQ Pocahontas AR 6 04/05/94 SAIF Mutual HC
PHBK...... Peoples Heritage Finl Group NASDAQ Portland ME 132 12/04/86 BIF Regular
PHFC...... Pittsburgh Home Financial Corp NASDAQ Pittsburgh PA 7 04/01/96 SAIF Regular
PKPS...... Poughkeepsie Financial Corp. NASDAQ Poughkeepsie NY 13 11/19/85 SAIF Regular
PLE....... Pinnacle Bancshares Inc. AMSE Jasper AL 5 12/17/86 SAIF Regular
PLSK...... Pulaski Savings Bank, MHC NASDAQ Springfield NJ 6 04/03/97 SAIF Mutual HC
PMFI...... Perpetual Midwest Financial NASDAQ Cedar Rapids IA 5 03/31/94 SAIF Regular
POBS...... Portsmouth Bank Shares NASDAQ Portsmouth NH 3 02/09/88 BIF Regular
PRBC...... Prestige Bancorp Inc. NASDAQ Pleasant Hills PA 3 06/27/96 SAIF Regular
PROV...... Provident Financial Holdings NASDAQ Riverside CA 9 06/28/96 SAIF Regular
PSBK...... Progressive Bank Inc. NASDAQ Fishkill NY 17 08/01/84 BIF Regular
PSFC...... Peoples-Sidney Financial Corp. NASDAQ Sidney OH 1 04/28/97 SAIF Regular
PSFI...... PS Financial Inc. NASDAQ Chicago IL 1 11/27/96 SAIF Regular
PTRS...... Potters Financial Corp. NASDAQ East Liverpool OH 4 12/31/93 SAIF Regular
PULB...... Pulaski Bank, Savings Bk, MHC NASDAQ St. Louis MO 5 05/11/94 SAIF Mutual HC
PULS...... Pulse Bancorp NASDAQ South River NJ 4 09/18/86 SAIF Regular
PVFC...... PVF Capital Corp. NASDAQ Bedford Heights OH 9 12/30/92 SAIF Supervisory
PVSA...... Parkvale Financial Corporation NASDAQ Monroeville PA 29 07/16/87 SAIF Regular
PWBC...... PennFirst Bancorp Inc. NASDAQ Ellwood City PA 11 06/13/90 SAIF Regular
PWBK...... Pennwood Bancorp Inc. NASDAQ Pittsburgh PA 3 07/15/96 SAIF Regular
QCBC...... Quaker City Bancorp Inc. NASDAQ Whittier CA 8 12/30/93 SAIF Regular
QCFB...... QCF Bancorp Inc. NASDAQ Virginia MN 2 04/03/95 SAIF Regular
QCSB...... Queens County Bancorp Inc. NASDAQ Flushing NY 13 11/23/93 BIF Regular
RARB...... Raritan Bancorp Inc. NASDAQ Raritan NJ 6 03/01/87 BIF Regular
RCSB...... RCSB Financial Inc. NASDAQ Rochester NY 36 04/29/86 BIF Regular
REDF...... RedFed Bancorp Inc. NASDAQ Redlands CA 14 04/08/94 SAIF Regular
RELI...... Reliance Bancshares Inc. NASDAQ Milwaukee WI 1 04/19/96 SAIF Regular
RELY...... Reliance Bancorp Inc. NASDAQ Garden City NY 28 03/31/94 SAIF Regular
RFED...... Roosevelt Financial Group NASDAQ Chesterfield MO 79 01/23/87 SAIF Regular
RIVR...... River Valley Bancorp NASDAQ Madison IN 3 12/20/96 SAIF Regular
ROSE...... TR Financial Corp. NASDAQ Garden City NY 15 06/29/93 BIF Regular
RSLN...... Roslyn Bancorp Inc. NASDAQ Roslyn NY 8 01/13/97 BIF Regular
RVSB...... Riverview Savings Bank, MHC NASDAQ Camas WA 9 10/26/93 SAIF Mutual HC
SBCN...... Suburban Bancorporation Inc. NASDAQ Cincinnati OH 7 09/30/93 SAIF Regular
SBFL...... SB of the Finger Lakes, MHC NASDAQ Geneva NY 4 11/11/94 SAIF Mutual HC
SBOS...... Boston Bancorp (The) NASDAQ South Boston MA 7 11/09/83 BIF Regular
SCBS...... Southern Community Bancshares NASDAQ Cullman AL 1 12/23/96 SAIF Regular
SCCB...... S. Carolina Community Bancshrs NASDAQ Winnsboro SC 3 07/07/94 SAIF Regular
SECP...... Security Capital Corporation NASDAQ Milwaukee WI 42 01/03/94 SAIF Regular
SFED...... SFS Bancorp Inc. NASDAQ Schenectady NY 3 06/30/95 SAIF Regular
SFFC...... StateFed Financial Corporation NASDAQ Des Moines IA 2 01/05/94 SAIF Regular
SFIN...... Statewide Financial Corp. NASDAQ Jersey City NJ 16 10/02/95 SAIF Regular
SFNB...... Security First Network Bank NASDAQ Atlanta GA 1 NA SAIF Not Avail.
SFSB...... SuburbFed Financial Corp. NASDAQ Flossmoor IL 12 03/04/92 SAIF Regular
SFSL...... Security First Corp. NASDAQ Mayfield Regular
Heights OH 15 01/22/88 SAIF
SGVB...... SGV Bancorp Inc. NASDAQ West Covina CA 8 06/29/95 SAIF Regular
SHEN...... First Shenango Bancorp Inc. NASDAQ New Castle PA 4 04/06/93 SAIF Regular
SISB...... SIS Bancorp Inc. NASDAQ Springfield MA 24 02/08/95 BIF Regular
SJSB...... SJS Bancorp NASDAQ St. Joseph MI 4 02/16/95 SAIF Regular
SKAN...... Skaneateles Bancorp Inc. NASDAQ Skaneateles NY 8 06/02/86 BIF Regular
SKBO...... First Carnegie Deposit, MHC NASDAQ Carnegie PA 3 04/04/97 SAIF Mutual HC
SMBC...... Southern Missouri Bancorp Inc. NASDAQ Poplar Bluff MO 8 04/13/94 SAIF Regular
SMFC...... Sho-Me Financial Corp. NASDAQ Mt. Vernon MO 8 07/01/94 SAIF Regular
SOBI...... Sobieski Bancorp Inc. NASDAQ South Bend IN 3 03/31/95 SAIF Regular
SOPN...... First Savings Bancorp Inc. NASDAQ Southern Pines NC 5 01/06/94 SAIF Regular
SOSA...... Somerset Savings Bank NASDAQ Somerville MA 5 07/09/86 BIF Regular
SPBC...... St. Paul Bancorp Inc. NASDAQ Chicago IL 52 05/18/87 SAIF Regular
SRN....... Southern Banc Company Inc. AMSE Gadsden AL 4 10/05/95 SAIF Regular
SSB....... Scotland Bancorp Inc AMSE Laurinburg NC 2 04/01/96 SAIF Regular
SSFC...... South Street Financial Corp. NASDAQ Albemarle NC 2 10/03/96 SAIF Regular
SSM....... Stone Street Bancorp Inc. AMSE Mocksville NC 2 04/01/96 SAIF Regular
STFR...... St. Francis Capital Corp. NASDAQ Milwaukee WI 22 06/21/93 SAIF Regular
STND...... Standard Financial Inc. NASDAQ Chicago IL 14 08/01/94 SAIF Regular
STSA...... Sterling Financial Corp. NASDAQ Spokane WA 41 NA SAIF Not Avail.
SVRN...... Sovereign Bancorp Inc. NASDAQ Wyomissing PA 134 08/12/86 SAIF Regular
SWBI...... Southwest Bancshares NASDAQ Hometown IL 6 06/24/92 SAIF Regular
SWCB...... Sandwich Co-operative Bank NASDAQ Sandwich MA 11 07/25/86 BIF Regular
SZB....... SouthFirst Bancshares Inc. AMSE Sylacauga AL 2 02/14/95 SAIF Regular
TBK....... Tolland Bank AMSE Tolland CT 7 12/19/86 BIF Regular
THR....... Three Rivers Financial Corp. AMSE Three Rivers MI 4 08/24/95 SAIF Regular
THRD...... TF Financial Corporation NASDAQ Newtown PA 14 07/13/94 SAIF Regular
TPNZ...... Tappan Zee Financial Inc. NASDAQ Tarrytown NY 1 10/05/95 SAIF Regular
TRIC...... Tri-County Bancorp Inc. NASDAQ Torrington WY 2 09/30/93 SAIF Regular
TSBS...... Trenton SB, MHC NASDAQ Lawrenceville NJ 14 08/03/95 BIF Mutual HC
TSH....... Teche Holding Co. AMSE Franklin LA 9 04/19/95 SAIF Regular
TWIN...... Twin City Bancorp NASDAQ Bristol TN 3 01/04/95 SAIF Regular
UBMT...... United Financial Corp. NASDAQ Great Falls MT 4 09/23/86 SAIF Regular
UFRM...... United Federal Savings Bank NASDAQ Rocky Mount NC 13 07/01/80 SAIF Regular
VABF...... Virginia Beach Fed. Financial NASDAQ Virginia Beach VA 15 11/01/80 SAIF Not Avail.
VFFC...... Virginia First Financial Corp. NASDAQ Petersburg VA 24 01/01/78 SAIF Not Avail.
WAMU...... Washington Mutual Inc. NASDAQ Seattle WA 452 03/11/83 BIF Regular
WAYN...... Wayne Savings & Loan Co. MHC NASDAQ Wooster OH 6 06/25/93 SAIF Mutual HC
WBST...... Webster Financial Corporation NASDAQ Waterbury CT 77 12/12/86 SAIF Regular
WCBI...... Westco Bancorp NASDAQ Westchester IL 1 06/26/92 SAIF Regular
WCFB...... Webster City Federal SB, MHC NASDAQ Webster City IA 1 08/15/94 SAIF Mutual HC
WEFC...... Wells Financial Corp. NASDAQ Wells MN 7 04/11/95 SAIF Regular
WEHO...... Westwood Homestead Fin. Corp. NASDAQ Cincinnati OH 2 09/30/96 SAIF Regular
WES....... Westcorp NYSE Irvine CA 26 05/01/86 SAIF Not Avail.
WFCO...... Winton Financial Corp. NASDAQ Cincinnati OH 5 08/04/88 SAIF Regular
WFSG...... Wilshire Financial Services NASDAQ Portland OR 2 12/19/96 SAIF Not Avail.
WFSL...... Washington Federal Inc. NASDAQ Seattle WA 104 11/17/82 SAIF Regular
WHGB...... WHG Bancshares Corp. NASDAQ Lutherville MD 5 04/01/96 SAIF Regular
WOFC...... Western Ohio Financial Corp. NASDAQ Springfield OH 10 07/29/94 SAIF Regular
WRNB...... Warren Bancorp Inc. NASDAQ Peabody MA 6 07/09/86 BIF Regular
WSB....... Washington Savings Bank, FSB AMSE Waldorf MD 4 NA SAIF Not Avail.
WSFS...... WSFS Financial Corporation NASDAQ Wilmington DE 16 11/26/86 BIF Regular
WSTR...... WesterFed Financial Corp. NASDAQ Missoula MT 35 01/10/94 SAIF Regular
WVFC...... WVS Financial Corporation NASDAQ Pittsburgh PA 5 11/29/93 SAIF Regular
WWFC...... Westwood Financial Corporation NASDAQ Westwood NJ 2 06/07/96 SAIF Not Avail.
WYNE...... Wayne Bancorp Inc. NASDAQ Wayne NJ 4 06/27/96 SAIF Regular
YFCB...... Yonkers Financial Corporation NASDAQ Yonkers NY 4 04/18/96 SAIF Regular
YFED...... York Financial Corp. NASDAQ York PA 22 02/01/84 SAIF Regular
Average... 424
Comparable
Thrift
Data
JOAC...... Joachim Bancorp Inc. NASDAQ De Soto MO 1 12/28/95 SAIF Regular
HBBI...... Home Building Bancorp NASDAQ Washington IN 2 02/08/95 SAIF Regular
CSBF...... CSB Financial Group Inc. NASDAQ Centralia IL 2 10/09/95 SAIF Regular
MCBN...... Mid-Coast Bancorp Inc. NASDAQ Waldoboro ME 2 11/02/89 SAIF Regular
NSLB...... NS&L Bancorp Inc. NASDAQ Neosho MO 2 06/08/95 SAIF Regular
CKFB...... CKF Bancorp Inc. NASDAQ Danville KY 1 01/04/95 SAIF Regular
ALBC...... Albion Banc Corp. NASDAQ Albion NY 2 07/26/93 SAIF Regular
MIVI...... Mississippi View Holding Co. NASDAQ Little Falls MN 1 03/24/95 SAIF Regular
ATSB...... AmTrust Capital Corp. NASDAQ Peru IN 2 03/28/95 SAIF Regular
SCCB...... S. Carolina Community Bancshrs NASDAQ Winnsboro SC 3 07/07/94 SAIF Regular
Average... 10
Maximum
Minimum
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
KEY FINANCIAL DATA AS OF THE MOST RECENT QUARTER
-------------------------------------------------------
TOTAL LOANS/ LOANS/ DEPOSITS/ BORROWINGS/
ASSETS DEPOSITS ASSETS ASSETS ASSETS
TICKER SHORT NAME ($000) (%) (%) (%) (%)
- -------------------------------------------------- ---------- -------- ------ --------- -----------
%CAL...... California Federal Bank, a FSB 30,325,660 124.77 70.02 56.12 32.54
%CCMD..... Chevy Chase Bank, FSB 6,165,989 83.15 59.08 71.05 18.67
AABC...... Access Anytime Bancorp, Inc. 106,492 49.33 45.66 92.55 --
AADV...... Advantage Bancorp Inc. 1,021,439 85.29 56.11 65.78 23.83
ABBK...... Abington Bancorp Inc. 492,058 98.82 61.39 62.12 30.04
ABCL...... Alliance Bancorp Inc. 1,313,141 108.90 83.31 76.50 12.24
ABCW...... Anchor BanCorp Wisconsin 1,884,983 113.49 79.02 69.63 22.89
AFBC...... Advance Financial Bancorp 103,578 107.58 82.37 76.57 7.49
AFCB...... Affiliated Community Bancorp 1,054,997 100.43 63.32 63.05 26.30
AFED...... AFSALA Bancorp Inc. 152,254 NA NA 84.30 1.07
AFFFZ..... America First Financial Fund 2,183,062 75.97 65.79 86.60 4.28
AHCI...... Ambanc Holding Co. Inc. 478,117 80.84 52.66 65.15 21.40
AHM....... Ahmanson & Company (H.F.) 48,697,126 91.02 64.29 70.64 21.83
ALBC...... Albion Banc Corp. 66,316 96.00 72.82 75.86 13.98
ALBK...... ALBANK Financial Corporation 3,496,331 85.85 73.37 85.46 2.88
AMFB...... American Federal Bank FSB 1,306,915 86.65 66.27 76.48 12.94
AMFC...... AMB Financial Corp. 93,643 102.67 74.08 72.16 10.14
ANA....... Acadiana Bancshares Inc. 261,687 98.28 71.97 73.23 8.50
ANBK...... American National Bancorp 505,318 99.12 64.64 65.21 24.13
ANDB...... Andover Bancorp Inc. 1,209,604 101.64 72.38 71.21 19.90
ASBI...... Ameriana Bancorp 402,163 89.21 71.46 80.10 7.00
ASBP...... ASB Financial Corp. 109,414 82.17 65.58 79.81 2.19
ASFC...... Astoria Financial Corporation 7,689,409 61.80 36.12 58.45 33.04
ATSB...... AmTrust Capital Corp. 71,031 99.62 71.64 71.92 17.12
AVND...... Avondale Financial Corp. 635,447 106.22 60.29 56.76 33.00
BANC...... BankAtlantic Bancorp Inc. 2,773,085 102.93 67.71 65.78 25.86
BDJI...... First Federal Bancorporation 107,716 63.43 48.09 75.82 11.78
BFD....... BostonFed Bancorp Inc. 941,007 139.74 80.91 57.90 32.34
BFFC...... Big Foot Financial Corp. 210,086 64.88 38.89 59.94 21.23
BFSB...... Bedford Bancshares Inc. 131,506 115.62 86.02 74.40 10.65
BKC....... American Bank of Connecticut 588,583 82.77 61.74 74.59 16.95
BKCO...... Bankers Corp. 2,541,672 96.09 62.08 64.61 26.31
BKCT...... Bancorp Connecticut Inc. 413,729 82.73 60.68 73.36 15.44
BKUNA..... BankUnited Financial Corp. 1,453,152 119.50 83.18 69.61 17.36
BNKU...... Bank United Corp. 11,002,625 159.42 73.40 46.04 43.89
BPLS...... Bank Plus Corp. 3,294,647 107.08 81.80 76.40 16.00
BSBC...... Branford Savings Bank 177,425 79.17 70.36 88.88 0.56
BTHL...... Bethel Bancorp 218,187 114.79 77.14 67.20 22.23
BVCC...... Bay View Capital Corp. 3,044,610 140.12 76.21 54.39 37.98
BWFC...... Bank West Financial Corp. 147,019 104.71 71.55 68.33 15.69
BYFC...... Broadway Financial Corp. 118,763 96.41 84.20 87.34 --
CAFI...... Camco Financial Corp. 472,430 108.47 83.48 76.95 11.88
CAPS...... Capital Savings Bancorp Inc. 237,915 111.18 79.09 71.14 18.91
CASB...... Cascade Financial Corp. 352,321 124.37 81.74 65.72 26.11
CASH...... First Midwest Financial Inc. 370,177 105.53 67.14 63.62 23.79
CATB...... Catskill Financial Corp. 273,940 63.33 45.58 71.97 --
CBCI...... Calumet Bancorp Inc. 494,557 109.02 77.05 70.68 11.43
CBCO...... CB Bancorp Inc. 226,553 61.36 40.85 66.57 23.39
CBES...... CBES Bancorp Inc. 95,219 120.99 90.20 74.55 5.25
CBK....... Citizens First Financial Corp. 271,614 111.36 81.91 73.56 10.77
CBNH...... Community Bankshares Inc. 580,645 98.58 69.73 70.73 20.39
CBSA...... Coastal Bancorp Inc. 2,852,767 93.85 43.29 46.12 48.65
CBSB...... Charter Financial Inc. 394,815 106.20 73.91 69.59 14.78
CCFH...... CCF Holding Company 86,940 98.57 81.85 83.04 1.73
CEBK...... Central Co-operative Bank 324,297 89.95 72.19 80.26 8.33
CENB...... Century Bancorp Inc. 99,948 85.80 59.65 69.53 --
CENF...... CENFED Financial Corp. 2,263,399 101.00 69.89 69.20 24.83
CFB....... Commercial Federal Corporation 6,901,835 116.82 74.80 64.03 28.65
CFCP...... Coastal Financial Corp. 484,610 117.94 80.85 68.55 23.89
CFFC...... Community Financial Corp. 166,664 130.95 89.65 68.46 16.80
CFHC...... California Financial Holding 1,315,052 99.80 73.85 74.00 18.50
CFNC...... Carolina Fincorp Inc. 108,680 92.07 68.92 74.86 --
CFSB...... CFSB Bancorp Inc. 834,252 130.96 87.85 67.08 23.56
CFTP...... Community Federal Bancorp 206,049 93.85 60.09 64.03 0.73
CFX....... CFX Corporation 1,744,449 95.77 67.17 70.14 19.67
CIBI...... Community Investors Bancorp 97,446 103.55 76.52 73.90 13.99
CKFB...... CKF Bancorp Inc. 60,197 126.34 89.94 71.19 3.73
CLAS...... Classic Bancshares Inc. 128,361 82.79 62.80 75.85 7.40
CMRN...... Cameron Financial Corp 197,693 135.77 85.60 63.04 12.77
CMSB...... Commonwealth Bancorp Inc. 2,236,008 77.56 51.95 66.98 20.77
CMSV...... Community Savings, MHC 682,314 74.17 58.48 78.85 7.62
CNBA...... Chester Bancorp Inc. 142,487 53.40 37.85 70.89 5.85
CNIT...... CENIT Bancorp Inc. 706,797 91.74 63.38 69.09 23.20
CNSB...... CNS Bancorp Inc. 98,104 84.97 63.45 74.68 --
CNY....... Carver Bancorp Inc. 423,512 75.12 47.26 62.92 28.59
COFD...... Collective Bancorp Inc. 5,517,588 82.31 52.19 63.41 28.62
COFI...... Charter One Financial 14,040,397 108.91 60.81 55.84 35.82
CONE...... Conestoga Bancorp, Inc. 494,348 28.70 23.21 80.86 2.02
COOP...... Cooperative Bankshares Inc. 348,498 98.50 79.19 80.40 11.54
COVB...... CoVest Bancshares Inc. 552,558 85.85 63.20 73.62 15.69
CRZY...... Crazy Woman Creek Bancorp 52,042 99.07 53.55 54.05 17.31
CSA....... Coast Savings Financial 8,797,075 94.25 69.57 73.81 19.76
CSBF...... CSB Financial Group Inc. 47,996 77.10 57.40 74.45 --
CTZN...... CitFed Bancorp Inc. 2,937,269 100.40 57.56 57.33 35.16
CVAL...... Chester Valley Bancorp Inc. 305,187 101.92 80.97 79.45 10.37
CZF....... CitiSave Financial Corp 74,942 74.06 60.58 81.79 --
DCBI...... Delphos Citizens Bancorp Inc. 107,072 100.64 71.44 70.98 --
DFIN...... Damen Financial Corp. 227,400 78.23 40.45 51.71 27.04
DIBK...... Dime Financial Corp. 814,431 57.16 48.22 84.37 7.12
DIME...... Dime Community Bancorp Inc. 1,237,274 70.96 55.19 77.77 4.33
DME....... Dime Bancorp Inc. 18,464,786 85.71 59.65 69.59 23.80
DNFC...... D & N Financial Corp. 1,528,468 108.47 71.50 65.92 27.31
DSL....... Downey Financial Corp. 5,484,473 110.05 90.19 81.95 9.79
EBCP...... Eastern Bancorp 865,818 77.04 56.91 73.88 17.73
EBSI...... Eagle Bancshares 666,166 110.84 69.07 62.31 25.15
EFBC...... Empire Federal Bancorp Inc. 107,938 64.15 39.85 62.11 --
EFBI...... Enterprise Federal Bancorp 256,704 119.16 66.39 55.71 31.16
EGFC...... Eagle Financial Corp. 1,512,036 79.53 57.01 71.69 18.79
EGLB...... Eagle BancGroup Inc. 170,531 86.27 66.92 77.57 9.56
EIRE...... Emerald Isle Bancorp Inc. 412,142 80.19 67.67 84.38 8.17
EMLD...... Emerald Financial Corp. 588,634 87.18 75.77 86.92 4.73
EQSB...... Equitable Federal Savings Bank 296,002 85.51 69.23 80.96 13.28
ESBK...... Elmira Savings Bank (The) 222,618 85.74 78.70 91.79 1.18
ESX....... Essex Bancorp Inc. 179,930 114.82 87.43 76.14 14.38
ETFS...... East Texas Financial Services 111,689 57.99 46.62 80.39 --
FAB....... FirstFed America Bancorp Inc. 979,736 114.43 84.56 73.90 11.34
FBBC...... First Bell Bancorp Inc. 709,011 111.08 77.90 70.13 16.92
FBCI...... Fidelity Bancorp Inc. 486,010 112.71 76.62 67.98 19.98
FBCV...... 1ST Bancorp 273,090 123.79 66.47 53.70 37.10
FBER...... 1st Bergen Bancorp 252,294 59.84 49.51 82.74 --
FBHC...... Fort Bend Holding Corp. 295,080 56.85 48.20 84.80 5.53
FBSI...... First Bancshares Inc. 160,048 113.80 81.23 71.38 13.84
FCB....... Falmouth Co-Operative Bank 90,269 69.94 52.09 74.48 0.87
FCBF...... FCB Financial Corp. 268,528 147.56 83.97 56.90 23.61
FCIT...... First Citizens Financial Corp. 693,803 95.31 74.79 78.47 14.08
FCME...... First Coastal Corporation 151,143 87.14 67.23 77.15 13.78
FDEF...... First Defiance Financial 546,060 111.97 77.56 69.27 8.54
FED....... FirstFed Financial Corp. 4,129,737 154.89 76.28 49.25 44.84
FESX...... First Essex Bancorp Inc. 1,146,854 100.92 62.10 61.54 29.58
FFBA...... First Colorado Bancorp Inc. 1,509,514 94.42 72.21 76.48 8.75
FFBH...... First Federal Bancshares of AR 519,765 93.89 77.93 83.00 0.58
FFBI...... First Financial Bancorp Inc. 93,156 107.55 78.27 72.77 18.20
FFBS...... FFBS BanCorp Inc. 128,676 87.79 70.09 79.83 --
FFBZ...... First Federal Bancorp Inc. 191,686 130.39 87.42 67.05 24.36
FFCH...... First Financial Holdings Inc. 1,602,018 127.83 84.82 66.36 25.97
FFDB...... FirstFed Bancorp Incorporated 176,496 83.67 74.39 88.90 0.57
FFDF...... FFD Financial Corp. 85,286 97.24 62.33 64.10 10.06
FFED...... Fidelity Federal Bancorp 250,285 113.22 84.05 74.24 19.53
FFES...... First Federal of East Hartford 974,693 30.21 17.79 58.89 34.40
FFFC...... FFVA Financial Corp. 549,771 80.72 59.73 74.00 12.37
FFFD...... North Central Bancshares Inc. 203,497 129.14 84.00 65.05 9.48
FFFG...... F.F.O. Financial Group Inc. 320,031 79.14 70.64 89.26 3.12
FFFL...... Fidelity Bankshares Inc., MHC 926,891 92.82 74.49 80.25 9.05
FFHC...... First Financial Corp. 5,808,506 78.47 60.70 77.35 14.33
FFHH...... FSF Financial Corp. 367,312 112.66 64.44 57.20 30.34
FFHS...... First Franklin Corporation 226,235 77.36 67.99 87.88 2.80
FFIC...... Flushing Financial Corp. 811,189 71.75 52.89 73.71 9.37
FFKY...... First Federal Financial Corp. 372,300 116.73 86.91 74.45 11.20
FFLC...... FFLC Bancorp Inc. 358,538 84.11 68.36 81.28 3.33
FFOH...... Fidelity Financial of Ohio 513,079 98.71 80.80 81.86 4.27
FFPB...... First Palm Beach Bancorp Inc. 1,558,235 87.65 68.46 78.10 13.54
FFSL...... First Independence Corp. 109,230 95.71 64.97 67.88 20.60
FFSW...... FirstFederal Financial Svcs 1,088,132 114.12 69.50 60.90 29.65
FFSX...... First Fed SB of Siouxland, MHC 462,829 102.19 72.91 71.35 19.34
FFWC...... FFW Corp. 158,441 112.39 69.67 61.99 27.28
FFWD...... Wood Bancorp Inc. 163,498 111.90 80.71 72.13 14.45
FFYF...... FFY Financial Corp. 598,667 102.26 76.48 74.80 9.37
FGHC...... First Georgia Holding Inc. 147,094 105.51 86.38 81.86 8.46
FIBC...... Financial Bancorp Inc. 269,197 72.02 55.16 76.59 12.26
FISB...... First Indiana Corporation 1,481,157 115.54 84.01 72.71 16.45
FKFS...... First Keystone Financial 314,637 81.60 57.94 71.01 20.28
FKKY...... Frankfort First Bancorp Inc. 128,328 137.90 92.42 67.02 5.94
FLAG...... FLAG Financial Corp. 222,072 83.34 68.50 82.19 6.46
FLFC...... First Liberty Financial Corp. 1,248,033 99.14 69.93 70.53 20.88
FLGS...... Flagstar Bancorp Inc. 1,519,099 173.59 87.68 50.51 30.65
FLKY...... First Lancaster Bancshares 40,448 159.08 86.38 54.30 10.34
FMBD...... First Mutual Bancorp Inc. 424,597 89.61 71.29 79.55 5.65
FMCO...... FMS Financial Corporation 553,599 65.97 56.54 85.70 6.93
FMSB...... First Mutual Savings Bank 426,292 99.57 78.67 79.01 12.71
FNGB...... First Northern Capital Corp. 617,899 119.17 90.14 75.64 11.64
FOBC...... Fed One Bancorp 346,214 57.29 41.90 73.15 14.54
FPRY...... First Financial Bancorp 240,379 88.86 77.63 87.36 5.41
FRC....... First Republic Bancorp 2,183,453 140.50 88.66 63.11 28.47
FSBI...... Fidelity Bancorp Inc. 327,896 67.28 48.15 71.57 20.45
FSFC...... First Southeast Financial Corp 334,751 92.78 78.38 84.48 4.48
FSLA...... First Savings Bank, MHC 1,024,715 65.30 51.38 78.68 11.01
FSNJ...... First Savings Bk of NJ, MHC 578,574 54.87 41.85 76.27 13.94
FSPG...... First Home Bancorp Inc. 508,243 90.47 52.55 58.09 34.77
FSSB...... First FS&LA of San Bernardino 103,674 75.29 71.56 95.05 --
FSTC...... First Citizens Corporation 257,288 95.71 79.34 82.89 6.46
FTF....... Texarkana First Financial Corp 168,094 101.23 83.55 82.54 0.03
FTFC...... First Federal Capital Corp. 1,530,237 109.73 75.56 68.86 23.86
FTNB...... Fulton Bancorp Inc. 99,464 127.14 85.77 67.46 6.54
FTSB...... Fort Thomas Financial Corp. 94,681 123.64 89.47 72.36 10.25
FWWB...... First SB of Washington Bancorp 977,075 114.19 62.23 54.50 28.76
GAF....... GA Financial Inc. 670,342 51.00 34.64 67.93 13.73
GBCI...... Glacier Bancorp Inc. 552,372 121.30 70.98 58.52 29.69
GDVS...... Greater Delaware Valley SB,MHC 238,686 74.79 59.29 79.27 8.70
GDW....... Golden West Financial 38,530,009 134.71 80.22 59.55 32.26
GFCO...... Glenway Financial Corp. 280,813 102.51 83.06 81.02 8.07
GFED...... Guaranty Federal SB, MHC 196,034 104.62 77.95 74.51 10.79
GFSB...... GFS Bancorp Inc. 88,154 131.52 87.02 66.16 21.53
GLBK...... Glendale Co-Operative Bank 36,927 47.28 39.49 83.53 --
GLN....... Glendale Federal Bank FSB 15,393,708 124.67 74.39 59.67 32.47
GPT....... GreenPoint Financial Corp. 13,261,221 69.50 58.85 84.69 2.17
GRTR...... Greater New York Savings Bank 2,570,533 57.80 37.49 64.87 26.07
GSBC...... Great Southern Bancorp Inc. 679,153 128.44 87.54 68.16 22.05
GSFC...... Green Street Financial Corp. 174,365 114.11 71.42 62.58 --
GSLA...... GS Financial Corp. 135,339 41.26 33.33 80.79 --
GTFN...... Great Financial Corporation 3,002,142 107.08 65.47 61.14 27.23
GTPS...... Great American Bancorp 137,898 90.52 70.47 77.86 --
GUPB...... GFSB Bancorp Inc. 86,911 82.01 52.16 63.61 18.93
GWBC...... Gateway Bancorp Inc. 65,806 41.54 30.53 73.49 --
GWF....... Great Western Financial 42,877,903 111.98 73.54 65.67 25.80
HALL...... Hallmark Capital Corp. 409,287 101.79 66.97 65.79 25.92
HARB...... Harbor Federal Savings Bk, MHC 1,104,924 90.57 73.74 81.42 9.10
HARL...... Harleysville Savings Bank 332,558 89.47 72.08 80.57 11.77
HARS...... Harris Savings Bank, MHC 1,943,327 73.02 44.17 60.49 30.77
HAVN...... Haven Bancorp Inc. 1,727,798 79.92 53.82 67.34 23.70
HBBI...... Home Building Bancorp 46,804 76.19 60.41 79.29 7.91
HBEI...... Home Bancorp of Elgin Inc. 358,695 103.84 73.25 70.54 --
HBFW...... Home Bancorp 327,789 94.05 79.98 85.04 --
HBNK...... Highland Federal Bank FSB 480,192 112.25 81.58 72.68 18.22
HBS....... Haywood Bancshares Inc. 146,331 98.11 75.92 77.39 7.18
HCBB...... HCB Bancshares Inc. 180,417 63.16 54.19 85.79 5.54
HCFC...... Home City Financial Corp. 68,235 108.24 78.99 72.98 5.87
HEMT...... HF Bancorp Inc. 984,455 56.33 48.09 85.37 5.08
HFFB...... Harrodsburg First Fin Bancorp 108,187 102.30 74.06 72.39 --
HFFC...... HF Financial Corp. 561,287 103.61 77.20 74.51 13.14
HFGI...... Harrington Financial Group 515,360 65.70 16.69 25.41 67.83
HFNC...... HFNC Financial Corp. 842,917 139.73 74.24 53.13 26.69
HFSA...... Hardin Bancorp Inc. 103,354 77.96 52.95 67.92 18.38
HHFC...... Harvest Home Financial Corp. 83,103 76.48 52.98 69.27 17.69
HIFS...... Hingham Instit. for Savings 205,667 101.89 76.55 75.13 14.15
HMCI...... HomeCorp Inc. 336,447 84.75 78.24 92.31 --
HMLK...... Hemlock Federal Financial Corp 164,493 41.57 33.03 79.45 0.91
HMNF...... HMN Financial Inc. 553,021 94.63 62.31 65.84 19.12
HOMF...... Home Federal Bancorp 663,658 110.05 85.43 77.63 13.23
HPBC...... Home Port Bancorp Inc. 189,204 123.97 83.35 67.24 20.74
HRBF...... Harbor Federal Bancorp Inc. 219,462 84.61 66.11 78.13 7.52
HRZB...... Horizon Financial Corp. 515,341 94.74 78.10 82.43 --
HTHR...... Hawthorne Financial Corp. 837,975 100.53 84.95 84.50 9.23
HVFD...... Haverfield Corporation 341,664 108.75 86.96 79.97 9.37
HWEN...... Home Financial Bancorp 39,443 136.75 83.14 60.80 20.28
HZFS...... Horizon Financial Svcs Corp. 78,368 92.53 66.63 72.01 16.74
IBSF...... IBS Financial Corp. 740,027 34.99 26.99 77.12 4.96
IFSB...... Independence Federal Savings 262,753 77.74 59.17 76.11 16.34
IFSL...... Indiana Federal Corporation 818,924 112.96 75.92 67.21 23.36
INBI...... Industrial Bancorp 333,846 112.35 87.84 78.18 2.40
INCB...... Indiana Community Bank SB 91,329 90.47 78.66 86.95 --
IPSW...... Ipswich Savings Bank 165,510 91.19 75.85 83.18 9.06
ISBF...... ISB Financial Corporation 938,968 77.51 63.52 81.94 5.06
ITLA...... ITLA Capital Corp. 810,494 99.30 82.04 82.61 4.87
IWBK...... InterWest Bancorp Inc. 1,771,523 89.05 59.12 66.39 26.16
JOAC...... Joachim Bancorp Inc. 35,656 96.06 66.88 69.62 --
JSBA...... Jefferson Savings Bancorp 1,296,929 90.74 75.42 83.12 7.39
JSBF...... JSB Financial Inc. 1,530,902 76.98 57.37 74.53 --
JXSB...... Jacksonville Savings Bank, MHC 163,830 89.03 78.17 87.81 0.19
JXVL...... Jacksonville Bancorp Inc. 218,349 91.15 74.64 81.89 0.92
KFBI...... Klamath First Bancorp 683,830 122.83 74.51 60.66 17.51
KNK....... Kankakee Bancorp Inc. 342,379 83.19 67.62 81.28 7.08
KSAV...... KS Bancorp Inc. 100,754 104.15 84.78 81.40 3.97
KSBK...... KSB Bancorp Inc. 139,993 97.30 73.05 75.08 16.17
KYF....... Kentucky First Bancorp Inc. 88,923 90.20 55.35 61.36 21.45
LARK...... Landmark Bancshares Inc. 223,799 97.61 65.16 66.76 17.29
LARL...... Laurel Capital Group Inc. 208,577 86.50 70.83 81.89 5.30
LFBI...... Little Falls Bancorp Inc. 303,384 54.13 40.60 75.00 11.08
LFED...... Leeds Federal Savings Bk, MHC 281,899 75.56 61.67 81.62 0.24
LIFB...... Life Bancorp Inc. 1,407,861 87.84 46.09 52.47 35.81
LISB...... Long Island Bancorp Inc. 5,814,296 97.86 61.72 63.07 24.86
LOGN...... Logansport Financial Corp. 79,298 96.20 72.05 74.89 4.41
LONF...... London Financial Corporation 37,937 99.44 76.82 77.26 2.11
LSBI...... LSB Financial Corp. 188,027 129.03 86.76 67.24 23.25
LSBX...... Lawrence Savings Bank 342,037 61.69 45.57 73.88 16.18
LVSB...... Lakeview Financial 481,646 NA NA 77.55 12.20
LXMO...... Lexington B&L Financial Corp. 59,748 105.88 75.06 70.90 --
MAFB...... MAF Bancorp Inc. 3,236,449 108.90 77.09 70.79 19.40
MARN...... Marion Capital Holdings 174,415 123.34 85.67 69.46 4.72
MASB...... MASSBANK Corp. 901,117 31.65 27.92 88.22 0.10
MBB....... MSB Bancorp Inc. 810,679 47.21 42.58 90.18 0.04
MBBC...... Monterey Bay Bancorp Inc. 422,380 74.33 55.83 75.12 13.59
MBLF...... MBLA Financial Corp. 209,783 118.49 55.61 46.93 39.05
MBSP...... Mitchell Bancorp Inc. 33,894 151.66 81.33 53.63 --
MCBN...... Mid-Coast Bancorp Inc. 57,838 113.92 83.59 73.38 17.62
MCBS...... Mid Continent Bancshares Inc. 371,169 86.71 54.52 62.88 25.59
MDBK...... Medford Savings Bank 1,054,075 71.43 54.13 75.78 14.84
MECH...... Mechanics Savings Bank 788,513 81.98 66.44 81.04 8.52
MERI...... Meritrust Federal SB 228,591 57.82 52.41 90.64 --
METF...... Metropolitan Financial Corp. 807,054 102.96 84.07 81.65 12.66
MFBC...... MFB Corp. 234,290 106.94 74.55 69.71 14.73
MFCX...... Marshalltown Financial Corp. 127,107 59.05 49.25 83.40 --
MFFC...... Milton Federal Financial Corp. 178,757 84.44 64.17 75.99 8.77
MFLR...... Mayflower Co-operative Bank 124,688 73.38 59.39 80.94 8.82
MFSL...... Maryland Federal Bancorp 1,128,483 126.32 88.31 69.91 20.05
MGNL...... Magna Bancorp Inc. 1,383,130 100.02 65.93 65.91 21.44
MIFC...... Mid-Iowa Financial Corp. 123,572 76.09 52.89 69.50 20.23
MIVI...... Mississippi View Holding Co. 69,755 80.25 64.36 80.20 --
MLBC...... ML Bancorp Inc. 1,959,847 97.32 43.37 44.56 45.60
MRKF...... Market Financial Corporation 56,343 70.50 45.19 64.10 --
MSBF...... MSB Financial Inc. 75,630 159.24 87.12 54.71 27.60
MSBK...... Mutual Savings Bank FSB 662,536 65.55 40.32 61.51 30.82
MWBI...... Midwest Bancshares Inc. 139,006 79.76 59.93 75.14 17.27
MWBX...... MetroWest Bank 554,921 92.89 76.70 82.57 9.10
MWFD...... Midwest Federal Financial 201,070 95.52 74.48 77.97 12.31
NASB...... North American Savings Bank 689,246 122.55 88.22 71.99 18.81
NBN....... Northeast Bancorp 247,525 128.03 80.00 62.49 29.03
NBSI...... North Bancshares Inc. 120,011 103.02 61.91 60.10 23.16
NEIB...... Northeast Indiana Bancorp 172,874 166.23 88.14 53.02 31.24
NHTB...... New Hampshire Thrift Bncshrs 313,038 97.57 82.41 84.46 7.29
NASB...... NewMil Bancorp Inc. 317,013 62.83 53.30 84.83 4.12
NSBC...... NewSouth Bancorp, Inc. 254,863 79.80 72.57 90.94 0.48
NSLB...... NS&L Bancorp Inc. 58,089 75.11 55.13 73.40 5.16
NSSB...... Norwich Financial Corp. 701,234 80.96 69.73 86.13 1.70
NSSY...... Norwalk Savings Society 617,367 102.35 69.91 68.31 23.39
NTMG...... Nutmeg Federal S&LA 93,645 112.06 91.88 81.99 10.07
NWEQ...... Northwest Equity Corp. 95,097 126.90 82.14 64.73 23.24
NWSB...... Northwest Savings Bank, MHC 1,997,563 92.48 75.13 81.24 7.72
NYB....... New York Bancorp Inc. 3,174,997 114.55 61.67 53.83 38.91
OCFC...... Ocean Financial Corp. 1,387,836 74.56 50.80 68.14 12.63
OCWN...... Ocwen Financial Corporation 2,649,471 86.07 68.44 79.52 10.01
OFCP...... Ottawa Financial Corp. 858,934 114.11 84.49 74.04 15.85
OHSL...... OHSL Financial Corp. 229,812 94.60 71.48 75.56 12.32
PALM...... Palfed, Inc. 655,707 97.81 82.26 84.10 7.23
PAMM...... PacificAmerica Money Center 112,340 82.43 54.04 65.55 3.72
PBCI...... Pamrapo Bancorp Inc. 367,360 69.13 56.62 81.90 3.50
PBCT...... People's Bank, MHC 7,538,100 94.16 67.64 71.84 18.42
PBIX...... Patriot Bank Corp. 594,055 110.71 49.62 44.82 46.33
PBKB...... People's Bancshares Inc. 548,774 80.84 48.37 59.83 33.59
PBNB...... People's Savings Financial Cp. 479,099 73.14 54.93 75.11 14.10
PCBC...... Perry County Financial Corp. 79,714 19.97 15.58 78.03 3.14
PCCI...... Pacific Crest Capital 342,750 75.52 62.97 83.38 8.75
PDB....... Piedmont Bancorp Inc. 118,519 118.23 81.72 69.12 13.08
PEEK...... Peekskill Financial Corp. 182,594 33.65 24.46 72.68 --
PERM...... Permanent Bancorp Inc. 412,967 78.13 51.33 65.70 23.80
PERT...... Perpetual Bank, MHC 245,671 89.29 67.28 75.35 10.58
PETE...... Primary Bank 435,716 78.70 55.67 70.74 22.09
PFDC...... Peoples Bancorp 283,242 94.81 79.21 83.54 0.82
PFED...... Park Bancorp Inc. 177,981 51.57 37.18 72.10 2.81
PFFB...... PFF Bancorp Inc. 2,535,767 107.98 72.86 67.48 20.90
PFFC...... Peoples Financial Corp. 89,687 74.65 53.79 72.06 --
PFNC...... Progress Financial Corporation 400,366 88.25 68.32 77.41 15.38
PFSB...... PennFed Financial Services Inc 1,252,387 99.82 70.73 70.86 20.43
PFSL...... Pocahontas FS&LA, MHC 373,262 118.23 39.45 33.37 58.34
PHBK...... Peoples Heritage Finl Group 5,458,036 90.97 69.10 75.96 12.74
PHFC...... Pittsburgh Home Financial Corp 236,998 116.62 67.76 58.10 28.69
PKPS...... Poughkeepsie Financial Corp. 861,136 112.09 75.90 67.72 22.65
PLE....... Pinnacle Bancshares Inc. 199,602 77.80 69.11 88.83 1.90
PLSK...... Pulaski Savings Bank, MHC 192,501 NA NA 77.19 --
PMFI...... Perpetual Midwest Financial 397,780 102.80 75.36 73.31 16.94
POBS...... Portsmouth Bank Shares 262,921 50.48 37.26 73.82 --
PRBC...... Prestige Bancorp Inc. 126,833 94.98 65.36 68.81 17.98
PROV...... Provident Financial Holdings 608,705 102.49 84.61 82.55 1.12
PSBK...... Progressive Bank Inc. 877,667 74.84 67.78 90.57 --
PSFC...... Peoples-Sidney Financial Corp. 93,734 106.43 92.40 86.82 2.67
PSFI...... PS Financial Inc. 75,118 85.49 47.65 55.73 --
PTRS...... Potters Financial Corp. 116,921 71.29 59.74 83.79 6.43
PULB...... Pulaski Bank, Savings Bk, MHC 177,827 92.80 78.12 84.17 1.24
PULS...... Pulse Bancorp 515,936 31.41 24.94 79.41 12.12
PVFC...... PVF Capital Corp. 356,251 121.66 93.42 76.79 14.41
PVSA...... Parkvale Financial Corporation 972,597 78.92 70.38 89.18 1.89
PWBC...... PennFirst Bancorp Inc. 706,237 66.38 31.63 47.65 44.39
PWBK...... Pennwood Bancorp Inc. 47,929 61.44 46.68 75.97 3.07
QCBC...... Quaker City Bancorp Inc. 780,843 118.35 82.74 69.91 19.35
QCFB...... QCF Bancorp Inc. 149,637 NA NA 70.13 10.59
QCSB...... Queens County Bancorp Inc. 1,373,295 115.57 86.06 74.46 7.72
RARB...... Raritan Bancorp Inc. 375,138 74.67 65.78 88.09 2.71
RCSB...... RCSB Financial Inc. 4,032,365 86.41 50.75 58.73 28.59
REDF...... RedFed Bancorp Inc. 908,660 97.56 85.75 87.89 2.14
RELI...... Reliance Bancshares Inc. 46,836 151.52 58.38 38.53 12.81
RELY...... Reliance Bancorp Inc. 1,926,800 61.71 44.98 72.90 17.72
RFED...... Roosevelt Financial Group 7,508,309 81.22 57.40 70.68 21.12
RIVR...... River Valley Bancorp 138,325 92.54 79.38 85.78 0.36
ROSE...... TR Financial Corp. 3,404,326 73.60 51.96 70.60 21.11
RSLN...... Roslyn Bancorp Inc. 2,849,427 37.89 22.92 60.50 15.62
RVSB...... Riverview Savings Bank, MHC 224,385 90.08 68.01 75.50 12.22
SBCN...... Suburban Bancorporation Inc. 221,926 136.10 81.78 60.09 26.83
SBFL...... SB of the Finger Lakes, MHC 212,821 58.71 43.73 74.49 15.13
SBOS...... Boston Bancorp (The) 1,715,070 24.42 19.25 78.85 7.61
SCBS...... Southern Community Bancshares 70,106 73.15 56.76 77.59 --
SCCB...... S. Carolina Community Bancshrs 46,412 105.88 77.65 73.34 --
SECP...... Security Capital Corporation 3,646,981 120.87 76.72 63.47 18.08
SFED...... SFS Bancorp Inc. 168,841 82.56 70.60 85.51 --
SFFC...... StateFed Financial Corporation 85,282 133.97 79.59 59.41 22.28
SFIN...... Statewide Financial Corp. 677,384 72.01 48.76 67.71 22.17
SFNB...... Security First Network Bank 79,581 14.03 6.82 48.59 1.41
SFSB...... SuburbFed Financial Corp. 407,800 76.87 61.45 79.93 12.19
SFSL...... Security First Corp. 634,761 128.70 90.26 70.13 19.49
SGVB...... SGV Bancorp Inc. 399,776 102.66 72.40 70.53 21.43
SHEN...... First Shenango Bancorp Inc. 400,915 95.34 64.04 67.17 20.94
SISB...... SIS Bancorp Inc. 1,403,745 62.84 45.07 71.73 18.67
SJSB...... SJS Bancorp 153,767 97.85 72.41 74.00 14.20
SKAN...... Skaneateles Bancorp Inc. 241,425 101.90 85.96 84.35 7.52
SKBO...... First Carnegie Deposit, MHC 117,814 54.08 37.46 69.27 14.28
SMBC...... Southern Missouri Bancorp Inc. 165,688 85.32 64.02 75.03 8.17
SMFC...... Sho-Me Financial Corp. 304,496 139.54 87.71 62.86 26.62
SOBI...... Sobieski Bancorp Inc. 79,080 98.14 73.21 74.60 8.98
SOPN...... First Savings Bancorp Inc. 271,121 92.77 69.24 74.63 --
SOSA...... Somerset Savings Bank 522,150 88.36 75.59 85.55 7.75
SPBC...... St. Paul Bancorp Inc. 4,484,882 87.38 66.15 75.70 13.70
SRN....... Southern Banc Company Inc. 104,978 NA NA 82.46 --
SSB....... Scotland Bancorp Inc 68,924 111.91 69.00 61.66 --
SSFC...... South Street Financial Corp. 238,791 78.79 46.53 59.06 14.66
SSM....... Stone Street Bancorp Inc. 105,491 128.37 80.65 62.83 --
STFR...... St. Francis Capital Corp. 1,578,969 68.62 44.27 64.52 26.48
STND...... Standard Financial Inc. 2,488,854 85.46 61.04 71.43 16.47
STSA...... Sterling Financial Corp. 1,557,216 105.01 63.09 60.08 32.61
SVRN...... Sovereign Bancorp Inc. 10,286,606 114.76 64.00 55.77 37.25
SWBI...... Southwest Bancshares 371,563 96.42 72.16 74.84 12.77
SWCB...... Sandwich Co-operative Bank 475,245 87.31 70.70 80.98 9.79
SZB....... SouthFirst Bancshares Inc. 92,910 105.19 72.25 68.69 15.16
TBK....... Tolland Bank 237,311 70.03 61.59 87.96 5.01
THR....... Three Rivers Financial Corp. 91,165 101.03 66.49 65.81 19.02
THRD...... TF Financial Corporation 644,368 69.40 49.64 71.53 16.04
TPNZ...... Tappan Zee Financial Inc. 121,841 56.72 45.77 80.70 --
TRIC...... Tri-County Bancorp Inc. 85,975 73.28 41.69 56.89 26.87
TSBS...... Trenton SB, MHC 626,350 79.11 61.24 77.41 4.79
TSH....... Teche Holding Co. 393,556 123.41 85.48 69.26 16.54
TWIN...... Twin City Bancorp 104,488 90.30 73.87 81.81 3.83
UBMT...... United Financial Corp. 107,723 46.33 33.13 71.51 4.64
UFRM...... United Federal Savings Bank 270,180 83.32 74.40 89.29 --
VABF...... Virginia Beach Fed. Financial 607,370 112.52 76.22 67.74 24.58
VFFC...... Virginia First Financial Corp. 817,313 124.32 90.53 72.81 18.01
WAMU...... Washington Mutual Inc. 46,051,025 134.16 70.79 52.76 40.86
WAYN...... Wayne Savings & Loan Co. MHC 250,057 100.51 84.09 83.66 6.42
WBST...... Webster Financial Corporation 5,583,619 87.63 63.62 72.61 21.15
WCBI...... Westco Bancorp 309,921 89.55 73.48 82.05 --
WCFB...... Webster City Federal SB, MHC 93,160 77.06 57.65 74.82 0.31
WEFC...... Wells Financial Corp. 201,886 125.36 90.00 71.79 12.88
WEHO...... Westwood Homestead Fin. Corp. 129,956 120.43 73.28 60.85 8.07
WES....... Westcorp 3,405,772 95.69 53.63 56.05 18.70
WFCO...... Winton Financial Corp. 307,174 115.77 86.57 74.77 17.20
WFSG...... Wilshire Financial Services 1,098,088 177.45 74.82 42.16 46.85
WFSL...... Washington Federal Inc. 5,788,992 147.08 71.97 48.93 37.69
WHGB...... WHG Bancshares Corp. 98,458 110.51 80.02 72.41 4.06
WOFC...... Western Ohio Financial Corp. 400,059 125.17 74.60 59.60 26.57
WRNB...... Warren Bancorp Inc. 361,273 70.48 62.09 88.09 0.57
WSB....... Washington Savings Bank, FSB 256,632 57.87 50.54 87.33 3.90
WSFS...... WSFS Financial Corporation 1,478,119 115.78 59.36 51.27 41.95
WSTR...... WesterFed Financial Corp. 932,440 94.85 64.53 68.04 18.11
WVFC...... WVS Financial Corporation 279,894 91.13 54.72 60.04 25.14
WWFC...... Westwood Financial Corporation 107,981 46.20 37.59 81.36 9.26
WYNE...... Wayne Bancorp Inc. 245,435 85.65 63.13 73.71 11.00
YFCB...... Yonkers Financial Corporation 284,401 46.48 32.33 69.57 14.76
YFED...... York Financial Corp. 1,157,356 102.61 86.69 84.48 5.46
Average... 1,460,769 93.79 66.34 72.00 14.19
Comparable
Thrift
Data
JOAC...... Joachim Bancorp Inc. 35,656 96.06 66.88 69.62 0.00
HBBI...... Home Building Bancorp 46,804 76.19 60.41 79.29 7.91
CSBF...... CSB Financial Group Inc. 47,996 77.10 57.40 74.45 0.00
MCBN...... Mid-Coast Bancorp Inc. 57,838 113.92 83.59 73.38 17.62
NSLB...... NS&L Bancorp Inc. 58,089 75.11 55.13 73.40 5.16
CKFB...... CKF Bancorp Inc. 60,197 126.34 89.94 71.19 3.73
ALBC...... Albion Banc Corp. 66,316 96.00 72.82 75.86 13.98
MIVI...... Mississippi View Holding Co. 69,755 80.25 64.36 80.20 0.00
ATSB...... AmTrust Capital Corp. 71,031 99.62 71.64 71.92 17.12
SCCB...... S. Carolina Community Bancshrs 46,412 105.88 77.65 73.34 0.00
Average 56,009 94.65 69.98 74.27 6.55
Maximum 71,031 126.34 89.94 80.20 17.62
Minimum 35,656 75.11 55.13 69.62 0.00
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CAPITAL AS OF THE MOST RECENT QUARTER
--------------------------------------------------------------------------
TOTAL
CAPITAL/
TANGIBLE INTANGIBLE REGULATORY EQUITY + RISK
EQUITY/ EQUITY/ ASSETS/ CORE CAP/ RESERVES/ ADJUSTED
ASSETS TANG ASSETS EQUITY ASSETS ASSETS ASSETS
TICKER SHORT NAME (%) (%) (%) (%) (%)
- ---------------------------------------- ------- ------------ ---------- ---------- ---------- ---------
%CAL...... California Federal Bank, a FSB 7.51 5.31 30.94 5.87 8.83 11.69
%CCMD..... Chevy Chase Bank, FSB 5.64 5.05 11.08 6.59 7.12 13.44
AABC...... Access Anytime Bancorp, Inc. 6.80 6.80 -- 6.70 7.23 17.03
AADV...... Advantage Bancorp Inc. 8.84 8.24 7.36 6.37 9.40 14.81
ABBK...... Abington Bancorp Inc. 6.88 6.20 10.45 6.27 7.27 13.58
ABCL...... Alliance Bancorp Inc. 9.31 9.20 1.31 8.28 9.73 15.15
ABCW...... Anchor BanCorp Wisconsin 6.25 6.14 1.97 5.77 7.46 10.69
AFBC...... Advance Financial Bancorp 15.45 15.45 -- 15.44 15.78 26.03
AFCB...... Affiliated Community Bancorp 9.77 9.71 0.62 9.92 10.52 19.54
AFED...... AFSALA Bancorp Inc. 13.85 13.82 0.25 13.91 NA 33.88
AFFFZ..... America First Financial Fund 8.28 8.17 1.42 7.22 8.61 16.63
AHCI...... Ambanc Holding Co. Inc. 12.72 12.72 -- 10.00 13.50 24.94
AHM....... Ahmanson & Company (H.F.) 4.93 4.34 12.46 5.76 5.72 11.10
ALBC...... Albion Banc Corp. 8.90 8.90 -- NA 9.38 NA
ALBK...... ALBANK Financial Corporation 9.20 8.08 13.26 7.23 9.92 12.47
AMFB...... American Federal Bank FSB 8.99 8.43 6.74 8.36 9.85 14.81
AMFC...... AMB Financial Corp. 16.30 16.30 -- 12.20 16.67 23.00
ANA....... Acadiana Bancshares Inc. 17.43 17.43 -- 13.75 18.42 27.64
ANBK...... American National Bancorp 8.97 8.97 -- NA 9.72 NA
ANDB...... Andover Bancorp Inc. 8.07 8.07 -- 8.10 9.09 14.90
ASBI...... Ameriana Bancorp 10.85 10.84 0.09 9.73 11.12 18.66
ASBP...... ASB Financial Corp. 15.74 15.74 -- 12.15 16.54 27.02
ASFC...... Astoria Financial Corporation 7.60 6.41 16.80 5.43 7.78 15.78
ATSB...... AmTrust Capital Corp. 10.17 10.07 1.07 10.20 10.83 16.58
AVND...... Avondale Financial Corp. 8.26 8.26 -- 8.10 11.48 14.56
BANC...... BankAtlantic Bancorp Inc. 5.50 4.53 18.61 6.49 6.45 11.12
BDJI...... First Federal Bancorporation 11.17 11.17 -- 9.75 11.57 19.42
BFD....... BostonFed Bancorp Inc. 8.90 8.62 3.44 NA 9.48 NA
BFFC...... Big Foot Financial Corp. 17.08 17.08 -- 12.08 17.23 35.40
BFSB...... Bedford Bancshares Inc. 14.32 14.32 -- 12.53 14.81 23.17
BKC....... American Bank of Connecticut 7.98 7.65 4.41 7.65 8.86 13.79
BKCO...... Bankers Corp. 7.78 7.67 1.60 8.01 8.07 18.17
BKCT...... Bancorp Connecticut Inc. 10.40 10.40 -- 10.26 11.60 16.90
BKUNA..... BankUnited Financial Corp. 6.81 5.98 12.87 8.39 7.00 13.34
BNKU...... Bank United Corp. 5.17 5.06 2.20 6.93 5.57 12.68
BPLS...... Bank Plus Corp. 4.92 4.91 0.20 6.47 6.52 12.29
BSBC...... Branford Savings Bank 9.52 9.52 -- 9.53 11.70 16.99
BTHL...... Bethel Bancorp 8.48 7.36 14.28 7.38 9.63 13.39
BVCC...... Bay View Capital Corp. 6.31 6.02 4.95 6.13 7.23 10.98
BWFC...... Bank West Financial Corp. 15.31 15.31 -- 13.30 15.45 26.46
BYFC...... Broadway Financial Corp. 11.50 11.50 -- 8.80 12.50 15.09
CAFI...... Camco Financial Corp. 9.69 8.99 8.00 8.55 9.96 16.04
CAPS...... Capital Savings Bancorp Inc. 8.66 8.66 -- 7.85 8.96 16.51
CASB...... Cascade Financial Corp. 6.17 6.17 -- 6.30 7.01 11.36
CASH...... First Midwest Financial Inc. 11.59 10.40 11.51 9.50 12.24 16.20
CATB...... Catskill Financial Corp. 26.98 26.98 -- 20.94 27.65 61.28
CBCI...... Calumet Bancorp Inc. 15.94 15.94 -- 10.56 17.13 17.53
CBCO...... CB Bancorp Inc. 8.83 8.83 -- 7.78 9.85 13.71
CBES...... CBES Bancorp Inc. 18.39 18.39 -- 13.54 18.80 17.70
CBK....... Citizens First Financial Corp. 14.64 14.64 -- 10.37 14.83 18.82
CBNH...... Community Bankshares Inc. 7.13 7.13 -- 7.46 7.84 11.04
CBSA...... Coastal Bancorp Inc. 3.42 2.91 15.53 5.46 3.66 12.51
CBSB...... Charter Financial Inc. 14.13 12.62 12.26 11.04 14.72 20.74
CCFH...... CCF Holding Company 14.31 14.31 -- NA 14.96 NA
CEBK...... Central Co-operative Bank 10.26 9.22 11.25 NA 11.16 NA
CENB...... Century Bancorp Inc. 29.94 29.94 -- NA 30.48 NA
CENF...... CENFED Financial Corp. 5.10 5.10 0.18 5.72 5.82 11.20
CFB....... Commercial Federal Corporation 5.92 5.30 11.01 6.31 6.63 13.32
CFCP...... Coastal Financial Corp. 6.09 6.09 -- 6.04 7.02 10.95
CFFC...... Community Financial Corp. 13.78 13.78 -- 11.62 14.40 17.84
CFHC...... California Financial Holding 6.96 6.93 0.42 6.67 7.53 13.01
CFNC...... Carolina Fincorp Inc. 23.70 23.70 -- 24.00 24.07 NA
CFSB...... CFSB Bancorp Inc. 7.63 7.63 -- 7.36 8.18 13.25
CFTP...... Community Federal Bancorp 33.52 33.52 -- 31.75 33.80 74.87
CFX....... CFX Corporation 7.67 7.19 6.79 7.91 8.57 14.20
CIBI...... Community Investors Bancorp 11.52 11.52 -- 10.40 11.99 20.60
CKFB...... CKF Bancorp Inc. 23.68 23.68 -- 20.31 23.86 35.60
CLAS...... Classic Bancshares Inc. 14.92 12.84 15.96 11.77 15.54 24.39
CMRN...... Cameron Financial Corp 22.96 22.96 -- 17.95 23.77 26.76
CMSB...... Commonwealth Bancorp Inc. 9.57 7.51 23.21 6.60 10.02 14.30
CMSV...... Community Savings, MHC 11.23 11.23 -- 11.40 11.60 24.13
CNBA...... Chester Bancorp Inc. 22.20 22.20 -- 18.86 22.47 55.53
CNIT...... CENIT Bancorp Inc. 7.10 6.53 8.55 NA 7.65 NA
CNSB...... CNS Bancorp Inc. 24.81 24.81 -- 19.65 25.18 41.96
CNY....... Carver Bancorp Inc. 8.06 7.75 4.26 6.96 8.59 16.00
COFD...... Collective Bancorp Inc. 7.00 6.37 9.55 6.52 7.24 16.49
COFI...... Charter One Financial 6.78 6.33 6.98 5.25 7.25 10.67
CONE...... Conestoga Bancorp, Inc. 16.18 16.18 -- 12.17 16.22 27.71
COOP...... Cooperative Bankshares Inc. 7.49 7.49 -- 7.63 7.73 14.74
COVB...... CoVest Bancshares Inc. 8.94 8.55 4.69 8.80 9.21 16.85
CRZY...... Crazy Woman Creek Bancorp 27.84 27.84 -- 19.97 28.39 48.63
CSA....... Coast Savings Financial 4.96 4.89 1.37 5.36 5.91 10.93
CSBF...... CSB Financial Group Inc. 25.07 23.98 5.74 25.61 25.38 55.70
CTZN...... CitFed Bancorp Inc. 6.33 5.68 10.92 6.06 6.90 13.78
CVAL...... Chester Valley Bancorp Inc. 8.56 8.56 -- 8.49 9.45 15.36
CZF....... CitiSave Financial Corp 16.62 16.62 -- 14.61 16.72 31.93
DCBI...... Delphos Citizens Bancorp Inc. 28.35 28.35 -- 19.10 28.44 43.70
DFIN...... Damen Financial Corp. 20.16 20.16 -- 16.90 20.31 49.30
DIBK...... Dime Financial Corp. 7.83 7.56 3.66 8.33 9.39 19.95
DIME...... Dime Community Bancorp Inc. 15.42 13.53 14.19 10.45 16.22 21.55
DME....... Dime Bancorp Inc. 5.71 5.66 0.93 6.32 6.27 13.30
DNFC...... D & N Financial Corp. 5.81 5.75 1.11 5.15 6.53 9.90
DSL....... Downey Financial Corp. 7.30 7.20 1.47 6.54 7.86 12.58
EBCP...... Eastern Bancorp 7.59 7.23 5.08 6.97 7.92 12.76
EBSI...... Eagle Bancshares 8.71 8.71 -- 6.70 9.29 11.60
EFBC...... Empire Federal Bancorp Inc. 36.85 36.85 -- 23.16 37.04 67.09
EFBI...... Enterprise Federal Bancorp 12.33 12.32 0.11 11.40 12.52 21.30
EGFC...... Eagle Financial Corp. 6.90 5.28 24.73 5.35 7.48 13.09
EGLB...... Eagle BancGroup Inc. 12.10 12.10 -- 9.81 12.64 18.01
EIRE...... Emerald Isle Bancorp Inc. 6.96 6.96 -- 6.96 7.62 12.25
EMLD...... Emerald Financial Corp. 7.50 7.39 1.71 7.25 7.76 12.38
EQSB...... Equitable Federal Savings Bank 5.07 5.07 -- 5.07 5.28 11.29
ESBK...... Elmira Savings Bank (The) 6.30 6.05 4.26 6.11 6.93 9.97
ESX....... Essex Bancorp Inc. 8.41 8.30 1.36 8.38 9.72 14.25
ETFS...... East Texas Financial Services 19.03 19.03 -- 16.22 19.27 45.19
FAB....... FirstFed America Bancorp Inc. 12.47 12.47 -- 10.34 13.37 20.24
FBBC...... First Bell Bancorp Inc. 10.20 10.20 -- 9.18 10.29 22.37
FBCI...... Fidelity Bancorp Inc. 10.19 10.17 0.26 8.53 10.36 18.33
FBCV...... 1ST Bancorp 7.97 7.80 2.22 8.24 8.33 15.69
FBER...... 1st Bergen Bancorp 16.44 16.44 -- 11.30 17.63 28.90
FBHC...... Fort Bend Holding Corp. 6.25 5.81 7.31 NA 6.70 14.77
FBSI...... First Bancshares Inc. 14.35 14.33 0.14 11.70 14.64 18.40
FCB....... Falmouth Co-Operative Bank 24.45 24.45 -- 24.70 25.00 45.99
FCBF...... FCB Financial Corp. 17.51 17.51 -- 14.08 17.98 24.14
FCIT...... First Citizens Financial Corp. 6.11 6.11 -- 6.10 7.10 10.60
FCME...... First Coastal Corporation 8.88 8.88 -- 8.73 10.67 15.68
FDEF...... First Defiance Financial 21.42 21.42 -- 12.60 21.84 23.00
FED....... FirstFed Financial Corp. 4.73 4.67 1.28 5.85 6.66 11.58
FESX...... First Essex Bancorp Inc. 7.31 6.36 13.84 10.81 8.19 12.06
FFBA...... First Colorado Bancorp Inc. 12.73 12.57 1.40 11.27 12.99 21.92
FFBH...... First Federal Bancshares of AR 15.82 15.82 -- 12.23 16.06 23.15
FFBI...... First Financial Bancorp Inc. 7.80 7.80 -- 7.60 8.34 15.08
FFBS...... FFBS BanCorp Inc. 19.42 19.42 -- 16.10 19.88 30.10
FFBZ...... First Federal Bancorp Inc. 7.66 7.65 0.12 6.88 8.55 11.64
FFCH...... First Financial Holdings Inc. 6.15 6.15 -- 6.68 6.86 11.05
FFDB...... FirstFed Bancorp Incorporated 9.95 9.17 8.62 9.09 10.35 17.00
FFDF...... FFD Financial Corp. 24.74 24.74 -- 15.80 24.91 34.10
FFED...... Fidelity Federal Bancorp 5.14 5.14 -- 6.63 5.85 10.89
FFES...... First Federal of East Hartford 6.25 6.25 -- 6.56 6.53 21.71
FFFC...... FFVA Financial Corp. 12.98 12.73 2.21 9.97 13.58 20.54
FFFD...... North Central Bancshares Inc. 24.59 24.59 -- 22.27 25.58 41.09
FFFG...... F.F.O. Financial Group Inc. 6.49 6.49 -- 6.20 8.23 12.60
FFFL...... Fidelity Bankshares Inc., MHC 8.82 8.75 0.83 8.80 9.05 17.70
FFHC...... First Financial Corp. 6.98 6.79 2.93 6.45 7.38 15.20
FFHH...... FSF Financial Corp. 11.77 11.77 -- 10.60 11.99 21.00
FFHS...... First Franklin Corporation 8.82 8.76 0.71 6.38 9.24 14.72
FFIC...... Flushing Financial Corp. 16.02 16.02 -- 12.22 16.69 27.06
FFKY...... First Federal Financial Corp. 13.60 12.88 6.09 11.92 14.07 19.64
FFLC...... FFLC Bancorp Inc. 14.47 14.47 -- 11.40 14.79 25.20
FFOH...... Fidelity Financial of Ohio 13.11 11.71 12.11 9.80 13.42 19.40
FFPB...... First Palm Beach Bancorp Inc. 6.76 6.60 2.59 6.20 7.27 12.10
FFSL...... First Independence Corp. 10.50 10.50 -- 8.22 11.14 19.32
FFSW...... FirstFederal Financial Svcs 8.08 7.21 11.64 9.22 8.35 15.92
FFSX...... First Fed SB of Siouxland, MHC 8.13 8.07 0.89 8.19 8.52 17.21
FFWC...... FFW Corp. 10.01 10.01 -- 8.18 10.34 14.83
FFWD...... Wood Bancorp Inc. 12.70 12.70 -- 8.29 13.03 14.77
FFYF...... FFY Financial Corp. 14.10 14.10 -- 9.94 14.62 17.67
FGHC...... First Georgia Holding Inc. 8.48 7.80 8.71 8.46 9.16 10.52
FIBC...... Financial Bancorp Inc. 9.73 9.68 0.51 7.43 10.20 19.13
FISB...... First Indiana Corporation 9.59 9.47 1.28 8.93 10.92 12.76
FKFS...... First Keystone Financial 7.07 7.07 -- 7.25 7.92 16.49
FKKY...... Frankfort First Bancorp Inc. 26.19 26.19 -- 23.65 26.27 46.49
FLAG...... FLAG Financial Corp. 9.40 9.40 -- 8.99 11.40 14.85
FLFC...... First Liberty Financial Corp. 7.34 6.62 10.53 6.41 8.21 11.28
FLGS...... Flagstar Bancorp Inc. 5.46 NA NA 5.43 5.73 10.06
FLKY...... First Lancaster Bancshares 34.24 34.24 -- 31.06 34.49 58.13
FMBD...... First Mutual Bancorp Inc. 13.41 10.65 23.05 20.61 13.74 21.26
FMCO...... FMS Financial Corporation 6.29 6.17 2.08 7.23 6.80 15.11
FMSB...... First Mutual Savings Bank 6.68 6.68 -- 6.80 7.65 NA
FNGB...... First Northern Capital Corp. 11.51 11.51 -- 10.60 11.99 17.51
FOBC...... Fed One Bancorp 11.61 11.12 4.73 10.11 12.03 25.26
FPRY...... First Financial Bancorp 6.35 6.35 -- 6.20 7.00 10.80
FRC....... First Republic Bancorp 7.41 7.41 0.08 7.40 8.25 15.08
FSBI...... Fidelity Bancorp Inc. 6.96 6.96 -- 7.10 7.47 14.90
FSFC...... First Southeast Financial Corp 10.23 10.23 -- 9.87 10.62 20.76
FSLA...... First Savings Bank, MHC 9.19 8.23 11.40 8.31 9.73 21.85
FSNJ...... First Savings Bk of NJ, MHC 8.57 8.57 -- 9.13 9.08 26.41
FSPG...... First Home Bancorp Inc. 6.59 6.48 1.80 6.50 7.33 16.49
FSSB...... First FS&LA of San Bernardino 4.33 4.18 3.63 4.29 5.38 8.52
FSTC...... First Citizens Corporation 9.37 7.52 21.35 NA 10.48 NA
FTF....... Texarkana First Financial Corp 16.03 16.03 -- 16.04 16.71 27.37
FTFC...... First Federal Capital Corp. 6.36 5.98 6.28 5.98 6.87 12.22
FTNB...... Fulton Bancorp Inc. 25.01 25.01 -- 16.40 25.87 29.40
FTSB...... Fort Thomas Financial Corp. 16.09 16.09 -- 14.66 16.60 24.06
FWWB...... First SB of Washington Bancorp 15.13 14.08 8.12 14.01 15.80 26.72
GAF....... GA Financial Inc. 17.26 17.26 -- 14.43 17.43 36.88
GBCI...... Glacier Bancorp Inc. 9.56 9.32 2.81 9.48 10.16 17.05
GDVS...... Greater Delaware Valley SB,MHC 11.48 11.48 -- 12.11 12.69 27.91
GDW....... Golden West Financial 6.26 6.26 -- 6.37 6.81 13.74
GFCO...... Glenway Financial Corp. 9.56 9.42 1.56 8.50 9.83 13.70
GFED...... Guaranty Federal SB, MHC 13.83 13.83 -- 13.02 14.94 24.16
GFSB...... GFS Bancorp Inc. 11.57 11.57 -- 9.83 12.27 18.33
GLBK...... Glendale Co-Operative Bank 16.38 16.38 -- 16.43 16.66 NA
GLN....... Glendale Federal Bank FSB 6.41 6.04 6.19 6.05 7.49 11.82
GPT....... GreenPoint Financial Corp. 10.81 6.49 42.71 6.20 11.60 15.01
GRTR...... Greater New York Savings Bank 8.28 8.28 -- 7.31 8.92 15.35
GSBC...... Great Southern Bancorp Inc. 8.97 8.97 -- 7.91 11.24 11.78
GSFC...... Green Street Financial Corp. 36.08 36.08 -- 36.08 36.21 84.35
GSLA...... GS Financial Corp. 18.28 18.28 -- 17.97 18.56 61.34
GTFN...... Great Financial Corporation 9.30 8.93 4.36 8.21 9.77 18.88
GTPS...... Great American Bancorp 21.15 21.15 -- 18.59 21.45 33.45
GUPB...... GFSB Bancorp Inc. 16.30 16.30 -- NA 16.66 NA
GWBC...... Gateway Bancorp Inc. 26.09 26.09 -- 22.91 26.21 NA
GWF....... Great Western Financial 6.03 5.42 10.72 5.99 6.78 11.47
HALL...... Hallmark Capital Corp. 6.99 6.99 -- 6.25 7.39 11.54
HARB...... Harbor Federal Savings Bk, MHC 8.22 7.93 3.75 7.93 9.24 16.52
HARL...... Harleysville Savings Bank 6.36 6.36 -- 6.57 6.92 13.45
HARS...... Harris Savings Bank, MHC 7.91 6.90 13.73 6.85 8.35 13.85
HAVN...... Haven Bancorp Inc. 5.80 5.77 0.41 6.81 6.46 14.82
HBBI...... Home Building Bancorp 12.07 12.07 -- 9.57 12.24 20.62
HBEI...... Home Bancorp of Elgin Inc. 28.11 28.11 -- 20.15 28.38 41.42
HBFW...... Home Bancorp 13.95 13.95 -- 12.01 14.37 26.80
HBNK...... Highland Federal Bank FSB 7.46 7.46 -- 7.54 9.32 11.53
HBS....... Haywood Bancshares Inc. 14.13 13.68 3.71 NA 14.63 NA
HCBB...... HCB Bancshares Inc. 7.76 7.01 10.40 NA 8.55 NA
HCFC...... Home City Financial Corp. 20.61 20.61 -- 15.59 21.29 29.31
HEMT...... HF Bancorp Inc. 8.21 6.82 18.19 5.94 8.74 15.72
HFFB...... Harrodsburg First Fin Bancorp 26.36 26.36 -- 20.90 26.63 41.60
HFFC...... HF Financial Corp. 9.19 9.17 0.25 7.47 9.99 13.18
HFGI...... Harrington Financial Group 4.78 4.78 -- 6.69 4.82 31.69
HFNC...... HFNC Financial Corp. 18.83 18.83 -- 19.44 19.77 37.09
HFSA...... Hardin Bancorp Inc. 12.78 12.78 -- 11.19 12.93 28.85
HHFC...... Harvest Home Financial Corp. 12.50 12.50 -- NA 12.63 NA
HIFS...... Hingham Instit. for Savings 9.55 9.55 -- 9.85 10.25 16.15
HMCI...... HomeCorp Inc. 6.30 6.30 -- 4.91 6.78 8.44
HMLK...... Hemlock Federal Financial Corp 18.28 18.28 -- 10.37 18.74 35.38
HMNF...... HMN Financial Inc. 14.24 14.24 -- 11.60 14.68 27.96
HOMF...... Home Federal Bancorp 8.45 8.20 3.25 8.06 8.97 12.11
HPBC...... Home Port Bancorp Inc. 10.82 10.82 -- 10.85 12.10 18.43
HRBF...... Harbor Federal Bancorp Inc. 12.86 12.86 -- 11.09 13.03 27.25
HRZB...... Horizon Financial Corp. 15.23 15.23 -- 15.22 15.90 30.43
HTHR...... Hawthorne Financial Corp. 5.27 5.27 -- 6.67 6.90 11.11
HVFD...... Haverfield Corporation 8.39 8.39 -- 7.21 9.26 11.19
HWEN...... Home Financial Bancorp 18.63 18.63 -- 15.20 19.15 28.80
HZFS...... Horizon Financial Svcs Corp. 10.50 10.50 -- 7.90 10.87 14.80
IBSF...... IBS Financial Corp. 17.03 17.03 -- 16.87 17.18 61.20
IFSB...... Independence Federal Savings 6.52 5.76 12.36 5.76 6.73 14.75
IFSL...... Indiana Federal Corporation 8.78 8.30 6.04 6.50 9.63 10.43
INBI...... Industrial Bancorp 18.49 18.49 -- 16.30 18.97 31.43
INCB...... Indiana Community Bank SB 12.39 12.39 -- NA 12.95 NA
IPSW...... Ipswich Savings Bank 6.16 6.16 -- NA 7.12 13.31
ISBF...... ISB Financial Corporation 12.19 10.53 15.21 10.33 12.69 21.08
ITLA...... ITLA Capital Corp. 11.37 11.33 0.44 11.01 12.71 14.22
IWBK...... InterWest Bancorp Inc. 6.71 6.56 2.31 6.69 7.19 14.15
JOAC...... Joachim Bancorp Inc. 28.98 28.98 -- 22.70 29.19 46.70
JSBA...... Jefferson Savings Bancorp 8.20 6.37 23.83 6.66 8.81 11.86
JSBF...... JSB Financial Inc. 22.17 22.17 -- 13.76 22.53 20.17
JXSB...... Jacksonville Savings Bank, MHC 10.30 10.30 -- 10.00 10.79 14.80
JXVL...... Jacksonville Bancorp Inc. 15.63 15.63 -- 13.90 16.13 28.00
KFBI...... Klamath First Bancorp 20.44 20.44 -- 17.92 20.61 38.14
KNK....... Kankakee Bancorp Inc. 10.68 10.06 6.39 8.66 11.36 16.30
KSAV...... KS Bancorp Inc. 13.83 13.82 0.06 NA 14.13 13.63
KSBK...... KSB Bancorp Inc. 7.17 6.77 5.92 NA 7.89 NA
KYF....... Kentucky First Bancorp Inc. 16.11 16.11 -- 14.15 16.54 26.81
LARK...... Landmark Bancshares Inc. 14.63 14.63 -- 12.16 15.00 27.30
LARL...... Laurel Capital Group Inc. 10.42 10.42 -- 10.40 11.35 21.41
LFBI...... Little Falls Bancorp Inc. 12.93 12.03 7.97 8.71 13.27 27.28
LFED...... Leeds Federal Savings Bk, MHC 16.18 16.18 -- 15.91 16.37 35.48
LIFB...... Life Bancorp Inc. 10.78 10.49 3.06 8.91 11.49 22.07
LISB...... Long Island Bancorp Inc. 9.01 8.93 0.96 7.39 9.59 14.94
LOGN...... Logansport Financial Corp. 19.65 19.65 -- 19.87 19.96 38.01
LONF...... London Financial Corporation 19.87 19.87 -- 15.50 20.36 29.70
LSBI...... LSB Financial Corp. 9.08 9.08 -- 8.29 10.00 11.69
LSBX...... Lawrence Savings Bank 8.78 8.78 -- 8.90 9.82 18.21
LVSB...... Lakeview Financial 9.52 7.76 20.04 NA NA NA
LXMO...... Lexington B&L Financial Corp. 27.62 27.62 -- 22.60 27.99 45.00
MAFB...... MAF Bancorp Inc. 7.88 6.92 13.18 7.01 8.44 14.96
MARN...... Marion Capital Holdings 23.05 23.05 -- 20.28 24.21 31.62
MASB...... MASSBANK Corp. 9.98 9.98 -- 9.85 10.23 35.51
MBB....... MSB Bancorp Inc. 8.44 4.69 46.66 5.60 8.69 NA
MBBC...... Monterey Bay Bancorp Inc. 10.74 9.94 8.32 8.54 11.08 19.61
MBLF...... MBLA Financial Corp. 13.50 13.50 -- 12.92 13.77 36.14
MBSP...... Mitchell Bancorp Inc. 43.32 43.32 -- 33.80 43.82 60.50
MCBN...... Mid-Coast Bancorp Inc. 8.60 8.60 -- 8.53 9.11 15.24
MCBS...... Mid Continent Bancshares Inc. 10.04 10.04 -- 9.11 10.15 24.05
MDBK...... Medford Savings Bank 8.80 8.20 7.42 8.41 9.46 15.93
MECH...... Mechanics Savings Bank 9.73 9.73 -- 10.15 10.87 19.34
MERI...... Meritrust Federal SB 7.90 7.90 -- 7.90 8.21 18.03
METF...... Metropolitan Financial Corp. 3.81 3.43 10.34 5.46 4.39 8.41
MFBC...... MFB Corp. 14.51 14.51 -- 13.84 14.66 30.36
MFCX...... Marshalltown Financial Corp. 15.61 15.61 -- 12.01 15.71 32.68
MFFC...... Milton Federal Financial Corp. 14.74 14.74 -- 12.20 15.04 26.30
MFLR...... Mayflower Co-operative Bank 9.43 9.28 1.77 9.43 10.36 16.80
MFSL...... Maryland Federal Bancorp 8.44 8.34 1.34 7.70 8.85 15.28
MGNL...... Magna Bancorp Inc. 9.56 9.28 3.27 8.02 10.30 16.45
MIFC...... Mid-Iowa Financial Corp. 9.09 9.08 0.12 7.50 9.33 19.05
MIVI...... Mississippi View Holding Co. 18.26 18.26 -- 15.74 19.50 33.06
MLBC...... ML Bancorp Inc. 6.92 NA NA NA 7.68 NA
MRKF...... Market Financial Corporation 34.60 34.60 -- 22.60 34.69 68.80
MSBF...... MSB Financial Inc. 16.61 16.61 -- 12.89 17.11 21.97
MSBK...... Mutual Savings Bank FSB 6.01 6.01 -- 6.33 6.29 17.18
MWBI...... Midwest Bancshares Inc. 6.94 6.94 -- 6.47 7.44 15.77
MWBX...... MetroWest Bank 7.33 7.33 -- 7.58 8.38 10.84
MWFD...... Midwest Federal Financial 8.61 8.30 3.90 7.58 9.37 11.99
NASB...... North American Savings Bank 7.97 7.73 3.25 8.00 8.85 13.04
NBN....... Northeast Bancorp 7.76 6.88 12.17 7.00 8.81 12.20
NBSI...... North Bancshares Inc. 14.61 14.61 -- 13.70 14.78 32.40
NEIB...... Northeast Indiana Bancorp 15.16 15.16 -- 12.54 15.79 21.47
NHTB...... New Hampshire Thrift Bncshrs 7.48 6.41 15.26 6.04 8.41 10.35
NASB...... NewMil Bancorp Inc. 9.97 9.97 -- 10.40 11.57 20.00
NSBC...... NewSouth Bancorp, Inc. 7.52 7.52 -- 8.53 8.51 13.10
NSLB...... NS&L Bancorp Inc. 19.92 19.92 -- 15.00 20.00 35.40
NSSB...... Norwich Financial Corp. 10.99 9.97 10.28 10.18 12.99 14.07
NSSY...... Norwalk Savings Society 8.06 7.79 3.56 8.03 9.25 15.94
NTMG...... Nutmeg Federal S&LA 6.17 6.17 -- 6.24 6.73 10.61
NWEQ...... Northwest Equity Corp. 11.42 11.42 -- NA 11.90 NA
NWSB...... Northwest Savings Bank, MHC 9.72 9.18 6.09 9.35 10.39 18.80
NYB....... New York Bancorp Inc. 5.06 5.06 -- 4.91 5.68 11.76
OCFC...... Ocean Financial Corp. 17.82 17.82 -- 11.44 18.26 30.85
OCWN...... Ocwen Financial Corporation 8.50 8.50 -- 9.48 9.31 13.22
OFCP...... Ottawa Financial Corp. 8.84 7.20 19.96 6.44 9.19 10.60
OHSL...... OHSL Financial Corp. 11.04 11.04 -- 8.92 11.26 18.74
PALM...... Palfed, Inc. 8.11 8.11 -- 6.90 9.17 10.70
PAMM...... PacificAmerica Money Center 22.43 22.43 -- 15.76 24.02 17.94
PBCI...... Pamrapo Bancorp Inc. 12.80 12.71 0.84 12.23 13.55 26.16
PBCT...... People's Bank, MHC 8.41 8.40 0.14 7.10 9.55 14.30
PBIX...... Patriot Bank Corp. 8.09 8.09 -- 8.17 8.41 17.27
PBKB...... People's Bancshares Inc. 5.61 5.39 4.21 5.98 6.41 13.23
PBNB...... People's Savings Financial Cp. 9.61 9.05 6.32 9.12 9.99 18.67
PCBC...... Perry County Financial Corp. 18.32 18.32 -- 15.93 18.35 73.70
PCCI...... Pacific Crest Capital 7.22 7.22 -- 7.36 8.24 11.48
PDB....... Piedmont Bancorp Inc. 16.96 16.96 -- 15.68 17.61 29.77
PEEK...... Peekskill Financial Corp. 25.58 25.58 -- 24.50 25.91 97.73
PERM...... Permanent Bancorp Inc. 9.70 9.61 0.99 8.30 10.20 20.84
PERT...... Perpetual Bank, MHC 12.13 12.13 -- 11.30 12.81 20.40
PETE...... Primary Bank 6.62 6.61 0.19 6.81 7.19 13.05
PFDC...... Peoples Bancorp 15.18 15.18 -- 12.60 15.49 26.80
PFED...... Park Bancorp Inc. 21.69 21.69 -- 16.90 21.97 60.60
PFFB...... PFF Bancorp Inc. 10.47 10.37 1.12 8.46 11.56 16.54
PFFC...... Peoples Financial Corp. 26.90 26.90 -- 19.20 27.12 46.00
PFNC...... Progress Financial Corporation 5.21 4.59 12.40 5.16 6.04 8.68
PFSB...... PennFed Financial Services Inc 7.53 6.29 17.54 5.70 7.75 12.31
PFSL...... Pocahontas FS&LA, MHC 6.38 6.38 -- 6.38 6.85 16.95
PHBK...... Peoples Heritage Finl Group 8.21 7.02 15.58 9.05 9.43 15.36
PHFC...... Pittsburgh Home Financial Corp 11.47 11.35 1.17 20.63 12.00 9.39
PKPS...... Poughkeepsie Financial Corp. 8.42 8.42 -- 6.86 9.52 11.61
PLE....... Pinnacle Bancshares Inc. 7.73 7.50 3.25 7.70 8.33 13.30
PLSK...... Pulaski Savings Bank, MHC 6.60 NA NA 6.60 NA 17.33
PMFI...... Perpetual Midwest Financial 8.49 8.49 -- 7.84 9.20 12.51
POBS...... Portsmouth Bank Shares 25.13 25.13 -- 24.00 25.39 60.40
PRBC...... Prestige Bancorp Inc. 11.69 11.69 -- 11.97 11.94 26.81
PROV...... Provident Financial Holdings 14.22 14.22 -- 9.83 15.09 17.19
PSBK...... Progressive Bank Inc. 8.35 7.47 11.41 7.39 9.43 14.43
PSFC...... Peoples-Sidney Financial Corp. 10.15 10.15 -- 10.20 10.57 16.10
PSFI...... PS Financial Inc. 43.23 43.23 -- 43.10 43.48 115.59
PTRS...... Potters Financial Corp. 8.90 8.90 -- 8.53 10.83 19.60
PULB...... Pulaski Bank, Savings Bk, MHC 13.00 13.00 -- 13.00 13.26 30.80
PULS...... Pulse Bancorp 7.80 7.80 -- 7.36 8.25 26.96
PVFC...... PVF Capital Corp. 7.02 7.02 -- NA 7.76 NA
PVSA...... Parkvale Financial Corporation 7.48 7.42 0.83 6.97 8.94 14.80
PWBC...... PennFirst Bancorp Inc. 7.07 6.49 8.78 6.01 7.57 19.16
PWBK...... Pennwood Bancorp Inc. 19.47 19.47 -- 19.76 20.13 39.39
QCBC...... Quaker City Bancorp Inc. 8.91 8.90 0.13 7.33 9.94 12.31
QCFB...... QCF Bancorp Inc. 18.09 18.09 -- NA NA NA
QCSB...... Queens County Bancorp Inc. 14.98 14.98 -- 10.09 15.66 18.16
RARB...... Raritan Bancorp Inc. 7.68 7.55 1.80 7.54 8.51 13.76
RCSB...... RCSB Financial Inc. 7.85 7.66 2.53 NA 8.55 NA
REDF...... RedFed Bancorp Inc. 8.18 8.17 0.11 7.80 9.31 11.59
RELI...... Reliance Bancshares Inc. 47.98 NA NA 47.59 48.29 85.04
RELY...... Reliance Bancorp Inc. 8.04 5.77 29.89 5.43 8.29 14.95
RFED...... Roosevelt Financial Group 6.25 NA NA 5.38 6.54 11.46
RIVR...... River Valley Bancorp 12.36 12.19 1.56 15.72 13.21 31.10
ROSE...... TR Financial Corp. 6.16 6.16 -- 6.39 6.59 18.35
RSLN...... Roslyn Bancorp Inc. 21.57 21.48 0.53 NA 22.39 NA
RVSB...... Riverview Savings Bank, MHC 11.15 10.22 9.31 10.26 11.52 20.93
SBCN...... Suburban Bancorporation Inc. 11.67 11.67 -- 10.30 13.08 19.90
SBFL...... SB of the Finger Lakes, MHC 9.45 9.45 -- 9.69 9.99 26.10
SBOS...... Boston Bancorp (The) 12.34 12.34 -- 10.06 12.45 26.75
SCBS...... Southern Community Bancshares 21.97 21.97 -- NA 23.11 NA
SCCB...... S. Carolina Community Bancshrs 25.96 25.96 -- 23.20 26.59 48.90
SECP...... Security Capital Corporation 15.85 15.85 -- 17.45 16.97 18.70
SFED...... SFS Bancorp Inc. 12.99 12.99 -- 12.98 13.39 25.17
SFFC...... StateFed Financial Corporation 17.60 17.60 -- 11.27 17.90 19.46
SFIN...... Statewide Financial Corp. 9.30 9.29 0.20 9.02 9.70 24.56
SFNB...... Security First Network Bank 42.48 42.09 1.57 NA 42.57 NA
SFSB...... SuburbFed Financial Corp. 6.56 6.54 0.43 5.93 6.76 14.01
SFSL...... Security First Corp. 9.36 9.22 1.73 7.92 10.15 11.38
SGVB...... SGV Bancorp Inc. 7.27 7.15 1.80 6.34 7.57 14.25
SHEN...... First Shenango Bancorp Inc. 10.70 10.70 -- 8.80 11.43 17.69
SISB...... SIS Bancorp Inc. 7.22 7.22 -- 7.07 8.38 13.71
SJSB...... SJS Bancorp 10.54 10.54 -- 9.49 11.01 19.43
SKAN...... Skaneateles Bancorp Inc. 6.87 6.65 3.29 6.60 7.68 11.32
SKBO...... First Carnegie Deposit, MHC 12.47 12.47 -- 12.50 12.71 49.30
SMBC...... Southern Missouri Bancorp Inc. 15.67 15.67 -- 12.61 16.08 25.01
SMFC...... Sho-Me Financial Corp. 9.54 9.54 -- 8.48 10.15 16.10
SOBI...... Sobieski Bancorp Inc. 15.40 15.40 -- 11.20 15.66 29.00
SOPN...... First Savings Bancorp Inc. 24.61 24.61 -- 24.60 24.83 55.17
SOSA...... Somerset Savings Bank 5.91 5.91 -- 5.95 7.18 9.62
SPBC...... St. Paul Bancorp Inc. 8.74 8.71 0.31 8.66 9.52 16.92
SRN....... Southern Banc Company Inc. 16.89 16.75 1.04 NA NA NA
SSB....... Scotland Bancorp Inc 36.69 36.69 -- 27.80 37.03 56.53
SSFC...... South Street Financial Corp. 25.45 25.45 -- 25.45 25.62 74.20
SSM....... Stone Street Bancorp Inc. 35.84 35.84 -- NA 36.34 NA
STFR...... St. Francis Capital Corp. 8.10 7.19 12.01 6.72 8.48 12.75
STND...... Standard Financial Inc. 10.90 10.89 0.14 8.36 11.20 20.43
STSA...... Sterling Financial Corp. 5.58 5.00 10.88 6.71 6.09 11.69
SVRN...... Sovereign Bancorp Inc. 4.98 3.95 21.62 4.87 5.47 14.88
SWBI...... Southwest Bancshares 10.79 10.79 -- 8.05 10.99 16.62
SWCB...... Sandwich Co-operative Bank 8.24 7.89 4.68 8.08 9.04 14.81
SZB....... SouthFirst Bancshares Inc. 13.98 13.98 -- 13.98 14.27 22.05
TBK....... Tolland Bank 6.73 6.54 3.09 6.90 7.93 12.90
THR....... Three Rivers Financial Corp. 13.76 13.71 0.40 11.65 14.29 22.81
THRD...... TF Financial Corporation 10.84 9.58 12.86 7.98 11.14 18.36
TPNZ...... Tappan Zee Financial Inc. 17.42 17.42 -- NA 17.96 NA
TRIC...... Tri-County Bancorp Inc. 15.31 15.31 -- 15.30 15.80 34.10
TSBS...... Trenton SB, MHC 16.66 15.44 8.60 15.22 17.11 26.89
TSH....... Teche Holding Co. 13.31 13.31 -- 11.53 14.14 22.90
TWIN...... Twin City Bancorp 12.92 12.92 -- 12.46 13.16 22.69
UBMT...... United Financial Corp. 22.65 22.65 -- 15.20 22.72 40.40
UFRM...... United Federal Savings Bank 7.60 7.60 -- 7.52 8.65 11.81
VABF...... Virginia Beach Fed. Financial 6.78 6.78 -- 6.69 7.52 12.72
VFFC...... Virginia First Financial Corp. 8.06 7.80 3.47 7.66 9.14 11.77
WAMU...... Washington Mutual Inc. 5.27 5.00 5.38 NA 6.07 NA
WAYN...... Wayne Savings & Loan Co. MHC 9.12 9.12 -- 9.11 9.48 17.55
WBST...... Webster Financial Corporation 5.08 4.31 15.86 6.09 5.99 13.49
WCBI...... Westco Bancorp 15.57 15.57 -- 13.51 15.85 30.45
WCFB...... Webster City Federal SB, MHC 23.55 23.55 -- 23.56 23.94 54.22
WEFC...... Wells Financial Corp. 14.23 14.23 -- 10.57 14.56 19.02
WEHO...... Westwood Homestead Fin. Corp. 30.95 30.95 -- 26.04 31.09 42.18
WES....... Westcorp 9.39 9.37 0.28 10.37 10.57 10.30
WFCO...... Winton Financial Corp. 7.15 7.00 2.24 6.90 7.43 11.20
WFSG...... Wilshire Financial Services 5.85 5.85 -- NA 11.98 NA
WFSL...... Washington Federal Inc. 11.55 10.53 9.91 9.89 12.03 18.18
WHGB...... WHG Bancshares Corp. 21.89 21.89 -- 15.16 22.11 32.02
WOFC...... Western Ohio Financial Corp. 13.41 12.74 5.75 12.35 13.85 24.13
WRNB...... Warren Bancorp Inc. 10.10 10.10 -- 9.76 11.22 15.07
WSB....... Washington Savings Bank, FSB 8.32 8.32 -- 7.76 8.77 19.70
WSFS...... WSFS Financial Corporation 5.13 5.08 0.92 6.66 6.81 10.78
WSTR...... WesterFed Financial Corp. 10.98 8.88 21.00 8.51 11.47 14.96
WVFC...... WVS Financial Corporation 12.72 12.72 -- 13.11 13.44 29.21
WWFC...... Westwood Financial Corporation 9.21 8.25 11.38 6.81 9.42 19.10
WYNE...... Wayne Bancorp Inc. 14.56 14.56 -- 11.07 15.34 26.59
YFCB...... Yonkers Financial Corporation 15.29 15.29 -- 12.89 15.67 35.16
YFED...... York Financial Corp. 8.43 8.43 -- 7.34 8.99 11.83
Average 12.35 12.08 3.03 10.85 12.97 22.42
Comparable Thrift Data
JOAC...... Joachim Bancorp Inc. 28.98 28.98 0.00 22.70 29.19 46.70
HBBI...... Home Building Bancorp 12.07 12.07 0.00 9.57 12.24 20.62
CSBF...... CSB Financial Group Inc. 25.07 23.98 5.74 25.61 25.38 55.70
MCBN...... Mid-Coast Bancorp Inc. 8.60 8.60 0.00 8.53 9.11 15.24
NSLB...... NS&L Bancorp Inc. 19.92 19.92 0.00 15.00 20.00 35.40
CKFB...... CKF Bancorp Inc. 23.68 23.68 0.00 20.31 23.86 35.60
ALBC...... Albion Banc Corp. 8.90 8.90 0.00 NA 9.38 NA
MIVI...... Mississippi View Holding Co. 18.26 18.26 0.00 15.74 19.50 33.06
ATSB...... AmTrust Capital Corp. 10.17 10.07 1.07 10.20 10.83 16.58
SCCB...... S. Carolina Community Bancshrs 25.96 25.96 0.00 23.20 26.59 48.90
Average 18.16 18.04 0.68 16.76 18.61 34.20
Maximum 28.98 28.98 5.74 25.61 29.19 55.70
Minimum 8.60 8.60 0.00 8.53 9.11 15.24
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
ASSET QUALITY AS OF THE MOST RECENT QUARTER
-----------------------------------------------------------
NPLS/ RESERVES/ NPAS/ NPAS/ RESERVES/ RESERVES/
LOANS NPLS ASSETS EQUITY LOANS NPAS + 90
TICKER SHORT NAME (%) (%) (%) (%) (%) (%)
- ------ --------------------------------------- ----- --------- ------ ------ --------- ---------
%CAL California Federal Bank, a FSB 1.79 105.10 1.52 20.21 1.89 86.98
%CCMD Chevy Chase Bank, FSB 1.45 172.23 2.65 47.07 2.51 55.76
AABC Access Anytime Bancorp, Inc. 3.33 28.14 1.59 23.43 0.94 26.80
AADV Advantage Bancorp Inc. 0.54 188.91 0.56 6.30 1.01 102.27
ABBK Abington Bancorp Inc. 0.26 244.65 0.24 3.52 0.64 133.04
ABCL Alliance Bancorp Inc. 0.16 311.07 0.18 1.89 0.50 236.73
ABCW Anchor BanCorp Wisconsin 0.48 319.36 0.75 11.95 1.53 161.56
AFBC Advance Financial Bancorp 0.45 89.84 0.37 2.40 0.40 89.84
AFCB Affiliated Community Bancorp 0.73 163.83 0.46 4.73 1.19 163.49
AFED AFSALA Bancorp Inc. NA NA NA NA NA NA
AFFFZ America First Financial Fund 0.48 103.97 0.41 4.92 0.50 80.65
AHCI Ambanc Holding Co. Inc. 1.53 96.14 0.95 7.44 1.47 72.94
AHM Ahmanson & Company (H.F.) 2.46 50.41 2.06 41.80 1.24 38.66
ALBC Albion Banc Corp. 0.63 104.30 NA NA 0.65 NA
ALBK ALBANK Financial Corporation 0.85 115.39 0.74 8.03 0.98 78.02
AMFB American Federal Bank FSB 0.60 215.51 0.44 4.95 1.30 193.22
AMFC AMB Financial Corp. 0.79 64.22 0.58 3.57 0.50 64.22
ANA Acadiana Bancshares Inc. 0.66 208.64 0.51 2.94 1.37 192.62
ANBK American National Bancorp NA NA NA NA 1.17 NA
ANDB Andover Bancorp Inc. 1.36 104.01 1.14 14.18 1.41 89.41
ASBI Ameriana Bancorp 0.44 87.49 0.38 3.49 0.38 63.58
ASBP ASB Financial Corp. 1.45 84.76 1.56 9.91 1.23 50.98
ASFC Astoria Financial Corporation 0.83 60.72 0.45 5.97 0.50 35.00
ATSB AmTrust Capital Corp. 3.66 25.47 2.84 27.96 0.93 23.48
AVND Avondale Financial Corp. 2.68 200.01 1.66 20.05 5.35 194.88
BANC BankAtlantic Bancorp Inc. 0.86 162.72 0.75 13.64 1.40 120.47
BDJI First Federal Bancorporation 0.01 NA 0.21 1.91 0.82 127.79
BFD BostonFed Bancorp Inc. 0.54 132.70 0.63 7.06 0.71 91.43
BFFC Big Foot Financial Corp. -- NA -- -- 0.37 128.76
BFSB Bedford Bancshares Inc. -- NA -- -- 0.57 77.52
BKC American Bank of Connecticut 2.70 52.83 1.97 24.74 1.43 44.68
BKCO Bankers Corp. 1.45 31.65 1.06 13.65 0.46 23.83
BKCT Bancorp Connecticut Inc. 1.37 144.46 1.11 10.69 1.98 108.02
BKUNA BankUnited Financial Corp. 0.77 30.72 0.70 10.29 0.24 26.73
BNKU Bank United Corp. 1.10 49.44 1.07 20.73 0.54 37.09
BPLS Bank Plus Corp. 3.06 64.17 3.22 65.47 1.96 49.87
BSBC Branford Savings Bank 2.33 132.65 1.94 20.34 3.09 112.22
BTHL Bethel Bancorp NA NA NA NA 1.48 NA
BVCC Bay View Capital Corp. 0.59 204.11 0.76 12.11 1.20 115.33
BWFC Bank West Financial Corp. -- NA 0.03 0.20 0.20 458.70
BYFC Broadway Financial Corp. 1.65 72.32 2.42 21.07 1.19 41.50
CAFI Camco Financial Corp. 0.40 79.91 0.36 3.69 0.32 38.86
CAPS Capital Savings Bancorp Inc. 0.16 234.98 0.16 1.82 0.38 116.53
CASB Cascade Financial Corp. 0.36 287.71 0.59 9.51 1.02 142.60
CASH First Midwest Financial Inc. 1.16 83.36 0.79 6.84 0.97 81.68
CATB Catskill Financial Corp. 0.76 194.39 0.50 1.86 1.47 133.79
CBCI Calumet Bancorp Inc. 1.29 119.76 1.40 8.77 1.54 84.90
CBCO CB Bancorp Inc. 0.82 304.62 2.40 27.23 2.50 42.37
CBES CBES Bancorp Inc. 0.83 55.57 0.77 4.16 0.46 54.05
CBK Citizens First Financial Corp. 0.29 80.95 0.43 2.91 0.24 35.90
CBNH Community Bankshares Inc. 0.52 195.79 0.59 8.23 1.01 115.48
CBSA Coastal Bancorp Inc. 0.99 56.37 0.57 16.56 0.56 37.23
CBSB Charter Financial Inc. 0.51 155.27 0.51 3.64 0.80 114.56
CCFH CCF Holding Company 0.42 189.90 0.34 2.39 0.79 189.90
CEBK Central Co-operative Bank 2.20 56.17 1.67 16.27 1.24 53.48
CENB Century Bancorp Inc. 0.44 207.22 0.39 1.31 0.91 139.39
CENF CENFED Financial Corp. 1.31 78.56 1.40 27.52 1.03 51.06
CFB Commercial Federal Corporation 1.01 94.32 1.01 17.01 0.95 70.83
CFCP Coastal Financial Corp. 0.19 589.86 0.26 4.32 1.14 350.59
CFFC Community Financial Corp. 0.34 205.51 0.35 2.52 0.70 180.62
CFHC California Financial Holding 0.85 89.88 1.04 14.87 0.77 54.70
CFNC Carolina Fincorp Inc. 0.40 133.67 0.28 1.16 0.54 133.67
CFSB CFSB Bancorp Inc. 0.07 893.54 0.09 1.23 0.62 565.80
CFTP Community Federal Bancorp 0.59 79.45 0.35 1.06 0.47 79.45
CFX CFX Corporation 0.75 177.91 0.61 7.93 1.34 147.62
CIBI Community Investors Bancorp 0.86 71.32 0.72 6.26 0.62 65.53
CKFB CKF Bancorp Inc. 0.64 30.66 0.89 3.75 0.20 12.02
CLAS Classic Bancshares Inc. 0.79 126.30 0.80 5.36 0.99 68.31
CMRN Cameron Financial Corp 0.33 288.53 0.28 1.23 0.95 135.41
CMSB Commonwealth Bancorp Inc. 0.71 121.63 0.42 4.41 0.86 106.34
CMSV Community Savings, MHC 0.66 98.32 0.57 5.07 0.64 66.20
CNBA Chester Bancorp Inc. 0.43 161.37 0.25 1.11 0.70 107.12
CNIT CENIT Bancorp Inc. 0.46 191.03 0.61 8.58 0.87 85.28
CNSB CNS Bancorp Inc. 0.71 80.36 0.45 1.82 0.57 80.36
CNY Carver Bancorp Inc. 1.64 68.37 0.80 9.86 1.12 34.62
COFD Collective Bancorp Inc. 0.71 66.07 0.40 5.74 0.47 60.69
COFI Charter One Financial 0.36 216.97 0.26 3.82 0.77 147.01
CONE Conestoga Bancorp, Inc. 0.23 80.00 0.16 0.99 0.18 26.87
COOP Cooperative Bankshares Inc. 0.29 105.94 0.30 4.02 0.30 53.51
COVB CoVest Bancshares Inc. 0.03 NA 0.02 0.19 0.43 118.11
CRZY Crazy Woman Creek Bancorp 0.43 240.34 0.23 0.82 1.03 240.34
CSA Coast Savings Financial 1.34 102.69 1.34 27.11 1.37 71.08
CSBF CSB Financial Group Inc. NA NA NA NA 0.53 41.29
CTZN CitFed Bancorp Inc. 0.41 243.92 0.45 7.06 0.99 128.08
CVAL Chester Valley Bancorp Inc. 0.39 280.83 0.47 5.54 1.10 187.15
CZF CitiSave Financial Corp 0.17 92.11 0.20 1.22 0.15 46.05
DCBI Delphos Citizens Bancorp Inc. -- NA 0.02 0.08 0.13 93.46
DFIN Damen Financial Corp. 0.49 76.94 0.20 0.98 0.38 76.94
DIBK Dime Financial Corp. 0.69 470.63 0.44 5.67 3.23 337.58
DIME Dime Community Bancorp Inc. 1.20 120.17 0.82 5.30 1.45 97.78
DME Dime Bancorp Inc. 3.51 26.67 2.36 41.27 0.94 23.73
DNFC D & N Financial Corp. 0.41 244.81 0.37 6.44 1.01 192.28
DSL Downey Financial Corp. 0.88 70.58 1.11 15.22 0.62 50.35
EBCP Eastern Bancorp 1.05 54.47 1.27 16.68 0.57 25.79
EBSI Eagle Bancshares 0.92 91.35 0.88 10.12 0.84 65.80
EFBC Empire Federal Bancorp Inc. -- NA -- -- 0.47 NA
EFBI Enterprise Federal Bancorp 0.02 NA 0.01 0.09 0.28 NA
EGFC Eagle Financial Corp. 1.80 56.52 1.21 17.60 1.01 47.66
EGLB Eagle BancGroup Inc. 1.93 41.41 1.67 13.83 0.80 31.93
EIRE Emerald Isle Bancorp Inc. 0.88 109.78 0.62 8.92 0.97 105.23
EMLD Emerald Financial Corp. 0.09 356.29 0.16 2.16 0.34 75.41
EQSB Equitable Federal Savings Bank -- NA 0.68 13.39 0.31 19.82
ESBK Elmira Savings Bank (The) 0.60 134.29 0.82 13.07 0.80 76.33
ESX Essex Bancorp Inc. 2.23 67.35 3.23 38.44 1.50 40.63
ETFS East Texas Financial Services 0.38 138.38 0.25 1.29 0.53 100.00
FAB FirstFed America Bancorp Inc. NA NA NA NA 1.06 NA
FBBC First Bell Bancorp Inc. 0.07 166.26 0.09 0.88 0.12 107.87
FBCI Fidelity Bancorp Inc. 0.92 24.69 0.70 6.90 0.23 24.69
FBCV 1ST Bancorp 0.90 61.23 0.71 8.97 0.55 51.00
FBER 1st Bergen Bancorp 1.31 184.24 0.74 4.48 2.41 161.82
FBHC Fort Bend Holding Corp. NA NA NA NA 0.95 NA
FBSI First Bancshares Inc. 0.04 819.64 0.08 0.55 0.35 88.44
FCB Falmouth Co-Operative Bank 0.03 NA 0.02 0.06 1.06 NA
FCBF FCB Financial Corp. 0.12 453.96 0.11 0.63 0.56 426.35
FCIT First Citizens Financial Corp. 0.83 160.28 1.92 31.38 1.33 52.05
FCME First Coastal Corporation 2.07 128.12 1.62 18.19 2.65 105.48
FDEF First Defiance Financial 0.47 117.35 0.45 2.12 0.55 93.68
FED FirstFed Financial Corp. 1.86 136.55 1.74 36.87 2.53 110.91
FESX First Essex Bancorp Inc. 0.86 165.05 0.62 8.44 1.42 143.10
FFBA First Colorado Bancorp Inc. 0.12 305.71 0.19 1.53 0.37 136.49
FFBH First Federal Bancshares of AR 0.20 152.33 0.19 1.18 0.31 127.62
FFBI First Financial Bancorp Inc. 0.18 391.41 0.27 3.44 0.69 200.40
FFBS FFBS BanCorp Inc. 0.05 NA 0.03 0.16 0.66 109.44
FFBZ First Federal Bancorp Inc. 0.59 171.61 0.52 6.79 1.02 153.04
FFCH First Financial Holdings Inc. 1.99 42.33 1.77 28.85 0.84 39.24
FFDB FirstFed Bancorp Incorporated 0.22 243.25 0.77 7.70 0.54 35.96
FFDF FFD Financial Corp. NA NA NA NA 0.27 NA
FFED Fidelity Federal Bancorp 0.11 748.74 0.12 2.30 0.85 455.75
FFES First Federal of East Hartford 2.29 68.79 0.41 6.56 1.57 55.25
FFFC FFVA Financial Corp. 0.16 617.38 0.10 0.79 1.01 585.64
FFFD North Central Bancshares Inc. 0.18 660.13 0.22 0.88 1.18 457.01
FFFG F.F.O. Financial Group Inc. 3.85 64.02 3.17 48.84 2.47 55.02
FFFL Fidelity Bankshares Inc., MHC 0.27 112.34 0.30 3.36 0.31 77.48
FFHC First Financial Corp. 0.35 185.64 0.29 4.12 0.65 137.23
FFHH FSF Financial Corp. 0.12 285.51 0.10 0.87 0.34 216.04
FFHS First Franklin Corporation 0.65 95.70 0.50 5.64 0.62 68.29
FFIC Flushing Financial Corp. 0.44 288.53 0.27 1.68 1.28 251.62
FFKY First Federal Financial Corp. -- NA 0.11 0.83 0.53 115.33
FFLC FFLC Bancorp Inc. 0.22 213.09 0.27 1.86 0.46 116.25
FFOH Fidelity Financial of Ohio 0.22 174.34 0.18 1.35 0.38 174.34
FFPB First Palm Beach Bancorp Inc. 1.27 58.20 1.06 15.62 0.74 46.69
FFSL First Independence Corp. 0.69 140.24 0.46 4.37 0.97 69.84
FFSW FirstFederal Financial Svcs 0.51 77.78 0.38 4.64 0.40 73.66
FFSX First Fed SB of Siouxland, MHC 0.14 386.65 0.12 1.47 0.52 263.34
FFWC FFW Corp. 0.29 169.52 0.22 2.24 0.48 150.42
FFWD Wood Bancorp Inc. -- NA 0.02 0.14 0.41 346.50
FFYF FFY Financial Corp. 0.94 73.52 0.72 5.12 0.69 73.17
FGHC First Georgia Holding Inc. 1.35 58.25 1.35 15.92 0.79 50.33
FIBC Financial Bancorp Inc. NA NA NA NA 0.85 NA
FISB First Indiana Corporation 1.56 101.72 1.55 16.21 1.59 85.76
FKFS First Keystone Financial 3.21 45.32 2.45 34.67 1.46 34.36
FKKY Frankfort First Bancorp Inc. -- NA -- -- 0.08 138.89
FLAG FLAG Financial Corp. 6.20 46.92 4.52 48.03 2.91 44.14
FLFC First Liberty Financial Corp. 0.67 183.70 0.75 10.21 1.23 114.80
FLGS Flagstar Bancorp Inc. NA NA NA NA 0.30 NA
FLKY First Lancaster Bancshares 0.53 54.35 0.45 1.33 0.29 32.89
FMBD First Mutual Bancorp Inc. 0.06 723.04 0.04 0.34 0.46 207.98
FMCO FMS Financial Corporation 1.31 68.65 1.07 16.98 0.90 47.56
FMSB First Mutual Savings Bank NA NA NA NA 1.24 NA
FNGB First Northern Capital Corp. 0.13 413.71 0.13 1.14 0.54 368.77
FOBC Fed One Bancorp 0.28 357.14 0.13 1.15 1.00 93.85
FPRY First Financial Bancorp NA NA NA NA 0.84 NA
FRC First Republic Bancorp 1.18 80.08 1.25 16.84 0.95 65.82
FSBI Fidelity Bancorp Inc. 0.72 147.49 0.35 4.98 1.06 100.48
FSFC First Southeast Financial Corp 0.10 476.73 0.11 1.05 0.50 362.15
FSLA First Savings Bank, MHC 0.90 117.67 0.57 6.22 1.05 93.31
FSNJ First Savings Bk of NJ, MHC 1.70 71.33 0.81 9.44 1.21 58.25
FSPG First Home Bancorp Inc. 1.24 113.64 0.79 12.02 1.41 93.39
FSSB First FS&LA of San Bernardino 1.43 102.26 2.31 53.29 1.47 45.41
FSTC First Citizens Corporation 1.53 91.28 1.26 13.43 1.40 87.96
FTF Texarkana First Financial Corp -- NA 0.13 0.83 0.82 144.57
FTFC First Federal Capital Corp. 0.15 457.81 0.17 2.63 0.68 308.37
FTNB Fulton Bancorp Inc. NA NA NA NA 1.01 NA
FTSB Fort Thomas Financial Corp. 2.26 25.00 2.02 12.58 0.57 25.00
FWWB First SB of Washington Bancorp 0.22 492.49 0.22 1.45 1.07 261.72
GAF GA Financial Inc. 0.35 136.73 0.12 0.70 0.48 136.73
GBCI Glacier Bancorp Inc. 0.16 527.06 0.15 1.60 0.85 212.30
GDVS Greater Delaware Valley SB,MHC 1.75 117.40 2.52 21.92 2.05 43.72
GDW Golden West Financial 1.54 43.87 1.44 23.02 0.68 37.62
GFCO Glenway Financial Corp. 0.09 370.94 0.16 1.69 0.32 84.04
GFED Guaranty Federal SB, MHC 0.39 366.16 0.43 3.10 1.42 206.36
GFSB GFS Bancorp Inc. 1.74 46.59 1.54 13.33 0.81 45.77
GLBK Glendale Co-Operative Bank -- NA -- -- 0.72 NA
GLN Glendale Federal Bank FSB 1.61 89.82 1.66 25.96 1.45 64.79
GPT GreenPoint Financial Corp. 4.48 30.32 2.84 26.27 1.36 28.16
GRTR Greater New York Savings Bank 18.84 9.13 7.44 89.87 1.72 8.61
GSBC Great Southern Bancorp Inc. 1.32 197.04 1.83 20.45 2.60 124.20
GSFC Green Street Financial Corp. 0.19 97.92 0.14 0.38 0.19 97.92
GSLA GS Financial Corp. 0.39 214.61 0.13 0.72 0.85 214.61
GTFN Great Financial Corporation 0.45 159.69 0.38 4.13 0.72 13.77
GTPS Great American Bancorp 0.02 NA 0.01 0.07 0.42 188.02
GUPB GFSB Bancorp Inc. NA NA NA NA 0.69 NA
GWBC Gateway Bancorp Inc. 1.96 20.56 0.60 2.30 0.40 15.82
GWF Great Western Financial 1.49 68.16 1.28 21.19 1.02 58.56
HALL Hallmark Capital Corp. 0.02 NA 0.01 0.19 0.60 NA
HARB Harbor Federal Savings Bk, MHC 0.26 522.95 0.47 5.74 1.38 216.59
HARL Harleysville Savings Bank -- NA 0.11 1.71 0.77 475.58
HARS Harris Savings Bank, MHC 0.64 153.30 0.67 8.48 0.98 61.77
HAVN Haven Bancorp Inc. 1.34 92.04 0.78 13.46 1.23 84.95
HBBI Home Building Bancorp 0.86 32.51 0.52 4.30 0.28 32.51
HBEI Home Bancorp of Elgin Inc. 0.33 110.92 0.35 1.25 0.37 77.63
HBFW Home Bancorp -- NA -- -- 0.53 468.58
HBNK Highland Federal Bank FSB 3.56 64.14 3.23 43.25 2.28 57.68
HBS Haywood Bancshares Inc. 1.14 57.05 2.09 14.79 0.65 23.67
HCBB HCB Bancshares Inc. NA NA NA NA 1.47 NA
HCFC Home City Financial Corp. 0.79 110.38 0.62 3.02 0.87 110.38
HEMT HF Bancorp Inc. NA NA NA NA 1.10 NA
HFFB Harrodsburg First Fin Bancorp -- NA -- -- 0.37 58.12
HFFC HF Financial Corp. 0.46 224.76 0.40 4.34 1.04 200.58
HFGI Harrington Financial Group 0.39 63.20 0.23 4.84 0.25 17.87
HFNC HFNC Financial Corp. 1.14 111.26 0.99 5.27 1.26 94.51
HFSA Hardin Bancorp Inc. 0.50 57.66 0.36 2.85 0.29 41.58
HHFC Harvest Home Financial Corp. 0.29 90.48 0.15 1.21 0.26 90.48
HIFS Hingham Instit. for Savings 0.72 125.50 0.55 5.81 0.91 125.50
HMCI HomeCorp Inc. 0.46 132.98 3.25 51.58 0.62 13.13
HMLK Hemlock Federal Financial Corp -- NA -- -- 1.37 NA
HMNF HMN Financial Inc. 0.09 742.94 0.08 0.55 0.70 555.50
HOMF Home Federal Bancorp 0.48 125.97 0.43 5.06 0.61 121.80
HPBC Home Port Bancorp Inc. 0.01 NA 0.04 0.34 1.53 501.45
HRBF Harbor Federal Bancorp Inc. 0.20 131.49 0.13 1.02 0.26 131.49
HRZB Horizon Financial Corp. -- NA -- -- 0.85 NA
HTHR Hawthorne Financial Corp. NA NA NA NA 1.92 NA
HVFD Haverfield Corporation 1.15 87.57 1.00 11.87 1.00 87.44
HWEN Home Financial Bancorp 1.18 53.63 NA NA 0.63 NA
HZFS Horizon Financial Svcs Corp. 0.85 66.14 1.02 9.73 0.56 36.63
IBSF IBS Financial Corp. 0.55 94.57 0.15 0.88 0.52 94.57
IFSB Independence Federal Savings NA NA NA NA 0.34 NA
IFSL Indiana Federal Corporation 0.78 142.17 0.70 7.94 1.11 102.87
INBI Industrial Bancorp 0.20 279.79 0.18 0.96 0.55 115.71
INCB Indiana Community Bank SB NA NA NA NA 0.71 NA
IPSW Ipswich Savings Bank NA NA 1.94 31.39 1.26 49.55
ISBF ISB Financial Corporation NA NA NA NA 0.79 NA
ITLA ITLA Capital Corp. 1.62 100.53 1.78 15.67 1.63 75.09
IWBK InterWest Bancorp Inc. 0.53 152.32 0.69 10.28 0.81 69.69
JOAC Joachim Bancorp Inc. 0.49 63.25 0.68 2.35 0.31 30.45
JSBA Jefferson Savings Bancorp 0.25 326.10 0.52 6.39 0.82 117.45
JSBF JSB Financial Inc. 1.66 37.50 1.00 4.50 0.62 33.09
JXSB Jacksonville Savings Bank, MHC 0.49 129.49 0.39 3.83 0.63 125.08
JXVL Jacksonville Bancorp Inc. 0.79 85.40 1.04 6.67 0.67 48.35
KFBI Klamath First Bancorp 0.13 176.70 0.10 0.49 0.24 176.70
KNK Kankakee Bancorp Inc. 0.72 140.69 0.57 5.30 1.01 64.54
KSAV KS Bancorp Inc. 0.50 70.56 0.42 3.07 0.35 70.56
KSBK KSB Bancorp Inc. NA NA NA NA 1.00 NA
KYF Kentucky First Bancorp Inc. -- NA -- -- 0.77 295.31
LARK Landmark Bancshares Inc. 0.17 341.15 0.11 0.74 0.57 62.24
LARL Laurel Capital Group Inc. 0.70 188.32 0.51 4.91 1.31 181.26
LFBI Little Falls Bancorp Inc. 1.60 51.25 0.90 6.99 0.82 36.77
LFED Leeds Federal Savings Bk, MHC 0.03 977.36 0.02 0.12 0.30 977.36
LIFB Life Bancorp Inc. 0.96 160.03 0.49 4.55 1.54 144.60
LISB Long Island Bancorp Inc. 1.43 66.07 1.04 11.55 0.95 56.14
LOGN Logansport Financial Corp. 0.62 67.13 0.45 2.28 0.42 67.13
LONF London Financial Corporation 1.03 62.54 0.79 3.97 0.64 62.54
LSBI LSB Financial Corp. 1.55 68.99 1.34 14.78 1.07 68.99
LSBX Lawrence Savings Bank 0.31 727.93 0.36 4.06 2.27 290.57
LVSB Lakeview Financial NA NA NA NA NA NA
LXMO Lexington B&L Financial Corp. 0.82 60.05 0.63 2.30 0.49 58.31
MAFB MAF Bancorp Inc. 0.54 134.63 0.44 5.55 0.72 113.73
MARN Marion Capital Holdings 0.88 153.22 0.76 3.28 1.35 153.22
MASB MASSBANK Corp. 0.51 173.33 0.19 1.91 0.88 128.64
MBB MSB Bancorp Inc. 1.34 45.01 0.70 8.28 0.60 36.62
MBBC Monterey Bay Bancorp Inc. 0.65 94.16 0.36 3.36 0.61 94.16
MBLF MBLA Financial Corp. 0.44 111.87 0.25 1.82 0.49 111.87
MBSP Mitchell Bancorp Inc. 2.30 26.77 2.06 4.76 0.62 24.32
MCBN Mid-Coast Bancorp Inc. 0.29 212.95 0.40 4.62 0.61 128.70
MCBS Mid Continent Bancshares Inc. 0.23 82.89 0.19 1.88 0.19 53.92
MDBK Medford Savings Bank 0.77 158.17 0.45 5.12 1.22 146.30
MECH Mechanics Savings Bank 2.43 71.06 1.71 17.55 1.72 67.13
MERI Meritrust Federal SB 0.40 142.98 0.25 3.15 0.58 80.65
METF Metropolitan Financial Corp. 0.37 186.65 0.50 13.24 0.68 106.74
MFBC MFB Corp. -- NA -- -- 0.20 529.85
MFCX Marshalltown Financial Corp. -- NA -- -- 0.19 NA
MFFC Milton Federal Financial Corp. 0.27 172.55 0.17 1.16 0.46 91.83
MFLR Mayflower Co-operative Bank 1.62 96.40 1.02 10.83 1.56 90.08
MFSL Maryland Federal Bancorp 0.30 153.81 0.38 4.50 0.46 77.57
MGNL Magna Bancorp Inc. 2.32 48.15 2.34 24.52 1.12 22.63
MIFC Mid-Iowa Financial Corp. 0.24 186.45 0.13 1.38 0.44 186.45
MIVI Mississippi View Holding Co. 0.25 772.32 0.21 1.15 1.93 488.70
MLBC ML Bancorp Inc. NA NA NA NA 1.73 NA
MRKF Market Financial Corporation -- NA -- -- 0.20 10.40
MSBF MSB Financial Inc. 0.17 333.63 0.15 0.90 0.57 48.65
MSBK Mutual Savings Bank FSB 0.22 328.42 0.17 2.83 0.71 168.15
MWBI Midwest Bancshares Inc. 1.37 61.28 0.82 11.81 0.84 61.28
MWBX MetroWest Bank 0.77 177.67 0.78 10.65 1.37 88.62
MWFD Midwest Federal Financial 0.19 543.01 0.14 1.61 1.01 543.01
NASB North American Savings Bank 3.13 31.89 3.34 41.85 1.00 26.40
NBN Northeast Bancorp 1.40 94.76 1.37 17.69 1.32 77.15
NBSI North Bancshares Inc. -- NA -- -- 0.28 NA
NEIB Northeast Indiana Bancorp 0.56 126.20 0.49 3.26 0.71 126.20
NHTB New Hampshire Thrift Bncshrs 0.62 184.03 0.74 9.95 1.14 91.05
NASB NewMil Bancorp Inc. 2.00 150.10 1.27 12.78 3.01 123.07
NSBC NewSouth Bancorp, Inc. 0.24 567.71 0.54 7.21 1.37 183.21
NSLB NS&L Bancorp Inc. -- NA -- -- 0.13 127.27
NSSB Norwich Financial Corp. 1.12 255.91 1.00 9.10 2.87 200.13
NSSY Norwalk Savings Society 2.76 61.66 2.03 25.22 1.70 56.84
NTMG Nutmeg Federal S&LA 0.70 85.90 1.11 17.96 0.60 NA
NWEQ Northwest Equity Corp. NA NA NA NA 0.59 NA
NWSB Northwest Savings Bank, MHC 0.83 107.13 0.84 8.61 0.89 80.17
NYB New York Bancorp Inc. 1.72 58.62 1.14 22.45 1.01 48.39
OCFC Ocean Financial Corp. 1.07 81.76 0.64 3.62 0.88 69.12
OCWN Ocwen Financial Corporation 0.57 210.83 4.10 48.29 1.19 19.90
OFCP Ottawa Financial Corp. 0.19 217.83 0.18 2.07 0.42 112.26
OHSL OHSL Financial Corp. 0.01 NA 0.01 0.06 0.31 68.18
PALM Palfed, Inc. 1.76 73.13 2.52 31.08 1.29 42.12
PAMM PacificAmerica Money Center 2.08 141.98 4.94 22.00 2.95 26.13
PBCI Pamrapo Bancorp Inc. 3.20 41.42 2.28 17.82 1.33 20.89
PBCT People's Bank, MHC 1.22 137.78 0.91 10.77 1.68 125.48
PBIX Patriot Bank Corp. 0.25 266.53 0.13 1.65 0.65 242.39
PBKB People's Bancshares Inc. 1.49 110.53 0.88 15.61 1.65 91.08
PBNB People's Savings Financial Cp. 0.87 79.54 0.54 5.58 0.69 70.66
PCBC Perry County Financial Corp. 0.31 64.10 0.05 0.27 0.20 64.10
PCCI Pacific Crest Capital 0.65 247.90 1.23 17.00 1.62 82.93
PDB Piedmont Bancorp Inc. 0.82 97.35 0.67 3.95 0.80 71.22
PEEK Peekskill Financial Corp. 2.53 53.62 0.74 2.89 1.36 26.98
PERM Permanent Bancorp Inc. 2.07 47.18 1.08 11.16 0.98 46.35
PERT Perpetual Bank, MHC NA NA NA NA 1.01 NA
PETE Primary Bank 1.13 90.55 1.05 15.90 1.02 54.10
PFDC Peoples Bancorp 0.47 82.91 0.40 2.62 0.39 73.36
PFED Park Bancorp Inc. 0.45 167.22 0.20 0.93 0.76 139.28
PFFB PFF Bancorp Inc. 2.05 73.13 1.84 17.61 1.50 58.44
PFFC Peoples Financial Corp. 0.02 NA 0.01 0.05 0.41 NA
PFNC Progress Financial Corporation 0.51 238.93 1.36 26.06 1.22 61.30
PFSB PennFed Financial Services Inc 0.90 34.69 0.69 9.18 0.31 31.83
PFSL Pocahontas FS&LA, MHC 0.26 458.85 0.22 3.45 1.20 170.57
PHBK Peoples Heritage Finl Group 0.95 185.55 0.83 10.10 1.77 130.42
PHFC Pittsburgh Home Financial Corp 2.38 32.78 1.74 15.14 0.78 30.40
PKPS Poughkeepsie Financial Corp. 3.38 42.89 3.35 39.79 1.45 26.20
PLE Pinnacle Bancshares Inc. 1.48 58.87 1.53 19.82 0.87 39.16
PLSK Pulaski Savings Bank, MHC NA NA 0.68 10.25 NA NA
PMFI Perpetual Midwest Financial 0.51 185.19 0.40 4.76 0.94 172.00
POBS Portsmouth Bank Shares 0.46 151.21 0.21 0.84 0.70 69.08
PRBC Prestige Bancorp Inc. 0.48 80.50 0.32 2.77 0.39 78.54
PROV Provident Financial Holdings 1.96 52.42 1.97 13.88 1.03 44.11
PSBK Progressive Bank Inc. 0.98 160.96 0.82 9.78 1.58 127.85
PSFC Peoples-Sidney Financial Corp. 0.76 60.06 0.70 6.89 0.45 42.00
PSFI PS Financial Inc. 0.91 57.23 0.43 1.00 0.52 57.23
PTRS Potters Financial Corp. 1.40 231.18 0.83 9.37 3.23 231.18
PULB Pulaski Bank, Savings Bk, MHC NA NA NA NA 0.33 NA
PULS Pulse Bancorp 2.21 82.99 0.59 7.54 1.83 60.59
PVFC PVF Capital Corp. 0.95 83.44 0.90 12.84 0.79 61.53
PVSA Parkvale Financial Corporation 0.32 650.68 0.24 3.25 2.08 604.11
PWBC PennFirst Bancorp Inc. 1.81 86.87 0.58 8.16 1.57 86.14
PWBK Pennwood Bancorp Inc. 1.47 95.14 0.83 4.29 1.40 57.64
QCBC Quaker City Bancorp Inc. 1.57 79.78 1.49 16.76 1.25 69.17
QCFB QCF Bancorp Inc. NA NA NA NA NA NA
QCSB Queens County Bancorp Inc. 0.58 138.21 0.61 4.05 0.80 91.25
RARB Raritan Bancorp Inc. 0.66 191.14 0.46 6.04 1.27 179.82
RCSB RCSB Financial Inc. 1.04 132.02 0.66 8.36 1.38 88.29
REDF RedFed Bancorp Inc. 3.04 43.63 3.26 39.88 1.33 34.86
RELI Reliance Bancshares Inc. -- NA -- -- 0.52 NA
RELY Reliance Bancorp Inc. 1.50 37.60 0.73 9.10 0.56 33.69
RFED Roosevelt Financial Group 0.22 230.53 0.83 13.34 0.50 29.36
RIVR River Valley Bancorp 0.08 NA 0.12 0.98 1.06 700.00
ROSE TR Financial Corp. 0.57 145.05 0.38 6.21 0.83 108.61
RSLN Roslyn Bancorp Inc. 1.23 293.03 0.31 1.44 3.59 264.38
RVSB Riverview Savings Bank, MHC 0.06 944.32 0.10 0.89 0.54 372.65
SBCN Suburban Bancorporation Inc. 0.24 725.46 0.19 1.67 1.73 725.46
SBFL SB of the Finger Lakes, MHC 1.50 81.42 0.78 8.22 1.22 68.91
SBOS Boston Bancorp (The) 1.41 42.86 0.65 5.23 0.61 18.09
SCBS Southern Community Bancshares 3.88 52.10 2.20 10.03 2.02 50.34
SCCB S. Carolina Community Bancshrs 1.60 50.96 1.78 6.85 0.81 35.52
SECP Security Capital Corporation 0.13 NA 0.11 0.71 1.46 989.84
SFED SFS Bancorp Inc. 0.88 64.32 0.68 5.20 0.57 58.23
SFFC StateFed Financial Corporation 0.88 42.59 0.70 3.96 0.37 15.67
SFIN Statewide Financial Corp. 0.72 111.69 0.41 4.40 0.81 80.61
SFNB Security First Network Bank NA NA NA NA 1.35 NA
SFSB SuburbFed Financial Corp. 0.40 81.27 0.25 3.75 0.33 75.49
SFSL Security First Corp. 0.29 302.37 0.26 2.77 0.87 301.46
SGVB SGV Bancorp Inc. 0.59 71.50 0.61 8.39 0.42 49.82
SHEN First Shenango Bancorp Inc. 0.50 228.04 0.50 4.71 1.14 144.74
SISB SIS Bancorp Inc. 0.75 343.46 0.36 5.02 2.57 254.44
SJSB SJS Bancorp 0.42 155.48 0.36 3.38 0.65 131.93
SKAN Skaneateles Bancorp Inc. 1.42 66.38 1.52 22.13 0.94 49.27
SKBO First Carnegie Deposit, MHC 0.08 855.88 0.17 1.38 0.66 33.56
SMBC Southern Missouri Bancorp Inc. 1.60 40.26 1.10 7.01 0.64 37.60
SMFC Sho-Me Financial Corp. 0.09 812.23 0.08 0.79 0.70 664.29
SOBI Sobieski Bancorp Inc. 0.34 102.04 0.25 1.61 0.35 102.04
SOPN First Savings Bancorp Inc. 0.12 274.55 0.12 0.47 0.32 192.97
SOSA Somerset Savings Bank 6.34 26.59 6.50 110.01 1.69 19.62
SPBC St. Paul Bancorp Inc. 0.44 269.26 0.36 4.10 1.18 163.91
SRN Southern Banc Company Inc. NA NA -- -- NA NA
SSB Scotland Bancorp Inc -- NA -- -- 0.50 NA
SSFC South Street Financial Corp. 0.59 65.44 0.28 1.11 0.39 63.69
SSM Stone Street Bancorp Inc. -- NA -- -- 0.62 274.87
STFR St. Francis Capital Corp. 0.56 156.77 0.26 3.15 0.88 143.07
STND Standard Financial Inc. 0.35 141.71 0.22 2.01 0.49 137.54
STSA Sterling Financial Corp. 0.27 298.69 0.43 7.70 0.81 119.58
SVRN Sovereign Bancorp Inc. 0.70 109.26 0.54 10.82 0.77 81.74
SWBI Southwest Bancshares 0.25 112.82 0.18 1.67 0.28 112.82
SWCB Sandwich Co-operative Bank 1.30 87.03 1.08 13.10 1.13 62.63
SZB SouthFirst Bancshares Inc. 0.46 86.73 0.50 3.59 0.40 44.97
TBK Tolland Bank 3.09 63.14 2.30 34.22 1.95 52.07
THR Three Rivers Financial Corp. 1.07 75.00 1.21 8.80 0.80 44.02
THRD TF Financial Corporation 0.62 95.55 0.33 3.08 0.60 88.83
TPNZ Tappan Zee Financial Inc. NA NA NA NA 1.18 NA
TRIC Tri-County Bancorp Inc. 0.02 NA 0.05 0.33 1.16 965.12
TSBS Trenton SB, MHC 1.07 70.16 0.66 3.99 0.75 59.50
TSH Teche Holding Co. 0.31 318.68 0.27 2.06 0.97 303.33
TWIN Twin City Bancorp -- NA 0.08 0.62 0.33 127.41
UBMT United Financial Corp. NA NA NA NA 0.21 16.41
UFRM United Federal Savings Bank 1.13 125.22 0.85 11.17 1.42 124.07
VABF Virginia Beach Fed. Financial 0.15 660.83 0.47 6.96 0.96 63.74
VFFC Virginia First Financial Corp. 1.76 67.88 2.29 28.37 1.19 47.29
WAMU Washington Mutual Inc. 1.03 109.64 0.93 17.69 1.13 85.52
WAYN Wayne Savings & Loan Co. MHC 0.44 95.90 0.69 7.58 0.42 50.17
WBST Webster Financial Corporation 1.09 131.95 0.94 18.43 1.44 97.81
WCBI Westco Bancorp 1.10 35.28 0.84 5.42 0.39 33.74
WCFB Webster City Federal SB, MHC 0.26 264.23 0.27 1.16 0.67 141.96
WEFC Wells Financial Corp. 0.22 166.58 0.21 1.45 0.36 106.53
WEHO Westwood Homestead Fin. Corp. -- NA -- -- 0.19 NA
WES Westcorp 1.33 166.14 1.02 10.91 2.20 115.45
WFCO Winton Financial Corp. NA NA NA NA 0.33 NA
WFSG Wilshire Financial Services NA NA NA NA 8.20 NA
WFSL Washington Federal Inc. 0.88 75.12 0.90 7.79 0.66 52.91
WHGB WHG Bancshares Corp. 0.48 57.59 0.39 1.77 0.28 57.59
WOFC Western Ohio Financial Corp. 0.64 91.77 0.49 3.68 0.59 45.88
WRNB Warren Bancorp Inc. 1.45 124.92 1.32 13.05 1.81 81.06
WSB Washington Savings Bank, FSB NA NA NA NA 0.90 NA
WSFS WSFS Financial Corporation 2.61 108.08 2.09 40.81 2.83 76.62
WSTR WesterFed Financial Corp. 0.13 602.90 0.09 0.80 0.76 226.57
WVFC WVS Financial Corporation 0.57 229.86 0.31 2.45 1.31 229.86
WWFC Westwood Financial Corporation -- NA -- -- 0.54 146.31
WYNE Wayne Bancorp Inc. 1.34 92.02 0.85 5.83 1.24 91.84
YFCB Yonkers Financial Corporation 1.87 62.57 0.73 4.79 1.17 51.78
YFED York Financial Corp. 0.12 529.96 1.43 16.92 0.65 22.69
Average 0.92 173.02 0.79 9.19 0.97 125.22
Comparable Thrift Data
JOAC Joachim Bancorp Inc. 0.49 63.25 0.68 2.35 0.31 30.45
HBBI Home Building Bancorp 0.86 32.51 0.52 4.30 0.28 32.51
CSBF CSB Financial Group Inc. NA NA NA NA 0.53 41.29
MCBN Mid-Coast Bancorp Inc. 0.29 212.95 0.40 4.62 0.61 128.70
NSLB NS&L Bancorp Inc. 0.00 NA 0.00 0.00 0.13 127.27
CKFB CKF Bancorp Inc. 0.64 30.66 0.89 3.75 0.20 12.02
ALBC Albion Banc Corp. 0.63 104.30 NA NA 0.65 NA
MIVI Mississippi View Holding Co. 0.25 772.32 0.21 1.15 1.93 488.70
ATSB AmTrust Capital Corp. 3.66 25.47 2.84 27.96 0.93 23.48
SCCB S. Carolina Community Bancshrs 1.60 50.96 1.78 6.85 0.81 35.52
Average 0.94 161.55 0.92 6.37 0.64 102.22
Maximum 3.66 772.32 2.84 27.96 1.93 488.70
Minimum 0.00 25.47 0.00 0.00 0.13 12.02
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
PROFITABILITY AS OF THE
MOST RECENT QUARTER
-----------------------
RETURN ON RETURN ON
AVG ASSETS AVG EQUITY
TICKER SHORT NAME (%) (%)
- ------------------------------------------------------------ ---------- ----------
%CAL California Federal Bank, a FSB 1.05 13.67
%CCMD Chevy Chase Bank, FSB 0.76 14.27
AABC Access Anytime Bancorp, Inc. 0.42 7.20
AADV Advantage Bancorp Inc. 1.01 11.21
ABBK Abington Bancorp Inc. 0.86 12.49
ABCL Alliance Bancorp Inc. 0.52 5.74
ABCW Anchor BanCorp Wisconsin 1.01 15.44
AFBC Advance Financial Bancorp 0.90 5.77
AFCB Affiliated Community Bancorp 1.12 11.50
AFED AFSALA Bancorp Inc. 0.75 5.39
AFFFZ America First Financial Fund 1.10 13.57
AHCI Ambanc Holding Co. Inc. 0.54 4.22
AHM Ahmanson & Company (H.F.) 0.84 17.21
ALBC Albion Banc Corp. 0.69 7.68
ALBK ALBANK Financial Corporation 1.07 11.57
AMFB American Federal Bank FSB 1.44 16.23
AMFC AMB Financial Corp. 1.04 6.15
ANA Acadiana Bancshares Inc. 1.18 6.62
ANBK American National Bancorp 0.79 8.75
ANDB Andover Bancorp Inc. 1.06 13.36
ASBI Ameriana Bancorp 0.88 8.01
ASBP ASB Financial Corp. 0.85 5.41
ASFC Astoria Financial Corporation 0.83 10.52
ATSB AmTrust Capital Corp. 0.42 4.16
AVND Avondale Financial Corp. (4.92) (48.80)
BANC BankAtlantic Bancorp Inc. 0.96 16.85
BDJI First Federal Bancorporation 0.50 4.37
BFD BostonFed Bancorp Inc. 0.85 8.74
BFFC Big Foot Financial Corp. 0.45 3.65
BFSB Bedford Bancshares Inc. 1.26 8.81
BKC American Bank of Connecticut 1.32 15.72
BKCO Bankers Corp. 1.15 14.66
BKCT Bancorp Connecticut Inc. 1.36 13.32
BKUNA BankUnited Financial Corp. 0.56 7.45
BNKU Bank United Corp. 0.81 15.80
BPLS Bank Plus Corp. 0.51 10.40
BSBC Branford Savings Bank 1.22 13.06
BTHL Bethel Bancorp 0.56 6.48
BVCC Bay View Capital Corp. 0.68 10.72
BWFC Bank West Financial Corp. 0.70 4.47
BYFC Broadway Financial Corp. 0.21 1.85
CAFI Camco Financial Corp. 1.00 10.41
CAPS Capital Savings Bancorp Inc. 0.93 10.91
CASB Cascade Financial Corp. 0.60 9.88
CASH First Midwest Financial Inc. 0.92 7.85
CATB Catskill Financial Corp. 1.37 4.96
CBCI Calumet Bancorp Inc. 1.41 8.88
CBCO CB Bancorp Inc. 1.16 12.14
CBES CBES Bancorp Inc. 1.10 5.90
CBK Citizens First Financial Corp. 0.63 4.20
CBNH Community Bankshares Inc. 0.95 12.82
CBSA Coastal Bancorp Inc. 0.45 13.53
CBSB Charter Financial Inc. 1.17 7.99
CCFH CCF Holding Company 0.14 0.97
CEBK Central Co-operative Bank 0.99 9.82
CENB Century Bancorp Inc. 1.80 9.12
CENF CENFED Financial Corp. 0.64 12.30
CFB Commercial Federal Corporation 0.95 16.20
CFCP Coastal Financial Corp. 1.17 18.83
CFFC Community Financial Corp. 1.41 10.23
CFHC California Financial Holding 0.81 11.78
CFNC Carolina Fincorp Inc. 1.24 5.17
CFSB CFSB Bancorp Inc. 1.11 14.59
CFTP Community Federal Bancorp 1.69 5.03
CFX CFX Corporation 1.17 13.95
CIBI Community Investors Bancorp 1.01 8.86
CKFB CKF Bancorp Inc. 1.21 4.96
CLAS Classic Bancshares Inc. 0.78 5.44
CMRN Cameron Financial Corp 1.20 5.11
CMSB Commonwealth Bancorp Inc. 0.86 8.35
CMSV Community Savings, MHC 0.81 7.05
CNBA Chester Bancorp Inc. 1.08 4.92
CNIT CENIT Bancorp Inc. 0.60 8.46
CNSB CNS Bancorp Inc. 0.94 3.81
CNY Carver Bancorp Inc. (1.41) (16.22)
COFD Collective Bancorp Inc. 1.16 16.70
COFI Charter One Financial 1.26 18.67
CONE Conestoga Bancorp, Inc. 0.60 3.72
COOP Cooperative Bankshares Inc. 0.68 8.95
COVB CoVest Bancshares Inc. 0.97 10.57
CRZY Crazy Woman Creek Bancorp 1.30 4.63
CSA Coast Savings Financial 0.56 11.41
CSBF CSB Financial Group Inc. 0.48 1.90
CTZN CitFed Bancorp Inc. 0.86 13.32
CVAL Chester Valley Bancorp Inc. 0.98 11.26
CZF CitiSave Financial Corp 1.03 6.16
DCBI Delphos Citizens Bancorp Inc. 1.89 6.59
DFIN Damen Financial Corp. 0.97 4.16
DIBK Dime Financial Corp. 1.94 23.85
DIME Dime Community Bancorp Inc. 1.13 6.52
DME Dime Bancorp Inc. 0.69 12.66
DNFC D & N Financial Corp. 0.89 15.07
DSL Downey Financial Corp. 0.93 12.44
EBCP Eastern Bancorp 0.69 9.06
EBSI Eagle Bancshares 0.75 8.43
EFBC Empire Federal Bancorp Inc. 1.56 5.45
EFBI Enterprise Federal Bancorp 0.97 7.55
EGFC Eagle Financial Corp. 0.79 10.79
EGLB Eagle BancGroup Inc. 0.30 2.34
EIRE Emerald Isle Bancorp Inc. 0.86 12.45
EMLD Emerald Financial Corp. 1.00 13.14
EQSB Equitable Federal Savings Bank 0.89 17.70
ESBK Elmira Savings Bank (The) 0.30 4.82
ESX Essex Bancorp Inc. 0.04 NA
ETFS East Texas Financial Services 0.66 3.51
FAB FirstFed America Bancorp Inc. (1.49) (17.16)
FBBC First Bell Bancorp Inc. 1.14 9.70
FBCI Fidelity Bancorp Inc. 0.82 7.90
FBCV 1ST Bancorp 0.81 10.01
FBER 1st Bergen Bancorp 0.81 4.87
FBHC Fort Bend Holding Corp. 0.74 11.69
FBSI First Bancshares Inc. 1.13 7.93
FCB Falmouth Co-Operative Bank 0.80 3.22
FCBF FCB Financial Corp. 1.11 6.40
FCIT First Citizens Financial Corp. 0.82 13.43
FCME First Coastal Corporation 0.71 7.98
FDEF First Defiance Financial 1.15 5.30
FED FirstFed Financial Corp. 0.50 10.61
FESX First Essex Bancorp Inc. 0.76 10.30
FFBA First Colorado Bancorp Inc. 1.28 9.52
FFBH First Federal Bancshares of AR 1.18 7.41
FFBI First Financial Bancorp Inc. 0.64 8.23
FFBS FFBS BanCorp Inc. 1.62 8.37
FFBZ First Federal Bancorp Inc. 0.92 12.02
FFCH First Financial Holdings Inc. 0.89 14.50
FFDB FirstFed Bancorp Incorporated 1.22 12.49
FFDF FFD Financial Corp. 0.90 3.61
FFED Fidelity Federal Bancorp 0.84 16.26
FFES First Federal of East Hartford 0.52 8.23
FFFC FFVA Financial Corp. 1.40 10.31
FFFD North Central Bancshares Inc. 1.74 7.15
FFFG F.F.O. Financial Group Inc. 0.74 11.45
FFFL Fidelity Bankshares Inc., MHC 0.55 6.01
FFHC First Financial Corp. 1.33 18.50
FFHH FSF Financial Corp. 0.79 6.58
FFHS First Franklin Corporation 0.62 6.98
FFIC Flushing Financial Corp. 0.98 5.80
FFKY First Federal Financial Corp. 1.65 12.16
FFLC FFLC Bancorp Inc. 1.10 7.35
FFOH Fidelity Financial of Ohio 0.95 7.20
FFPB First Palm Beach Bancorp Inc. 0.61 8.57
FFSL First Independence Corp. 0.61 5.62
FFSW FirstFederal Financial Svcs 1.32 16.47
FFSX First Fed SB of Siouxland, MHC 0.76 9.39
FFWC FFW Corp. 1.13 11.11
FFWD Wood Bancorp Inc. 1.43 11.21
FFYF FFY Financial Corp. 1.29 9.15
FGHC First Georgia Holding Inc. 1.11 13.24
FIBC Financial Bancorp Inc. 0.88 8.93
FISB First Indiana Corporation 1.11 11.58
FKFS First Keystone Financial 0.85 11.89
FKKY Frankfort First Bancorp Inc. 0.95 3.69
FLAG FLAG Financial Corp. 1.11 12.30
FLFC First Liberty Financial Corp. 1.13 14.78
FLGS Flagstar Bancorp Inc. 1.30 22.40
FLKY First Lancaster Bancshares 1.48 4.15
FMBD First Mutual Bancorp Inc. 0.08 0.56
FMCO FMS Financial Corporation 1.00 15.69
FMSB First Mutual Savings Bank 1.02 15.39
FNGB First Northern Capital Corp. 0.90 7.83
FOBC Fed One Bancorp 0.96 8.23
FPRY First Financial Bancorp 0.43 6.80
FRC First Republic Bancorp 0.74 11.31
FSBI Fidelity Bancorp Inc. 0.82 11.77
FSFC First Southeast Financial Corp 1.08 10.56
FSLA First Savings Bank, MHC 0.99 10.67
FSNJ First Savings Bk of NJ, MHC 0.44 5.45
FSPG First Home Bancorp Inc. 1.03 15.57
FSSB First FS&LA of San Bernardino (0.12) (2.83)
FSTC First Citizens Corporation 1.80 19.58
FTF Texarkana First Financial Corp 1.71 10.67
FTFC First Federal Capital Corp. 0.99 15.73
FTNB Fulton Bancorp Inc. 0.91 3.65
FTSB Fort Thomas Financial Corp. 0.97 5.58
FWWB First SB of Washington Bancorp 1.30 8.48
GAF GA Financial Inc. 1.15 6.16
GBCI Glacier Bancorp Inc. 1.47 15.17
GDVS Greater Delaware Valley SB,MHC 0.93 7.90
GDW Golden West Financial 0.88 13.95
GFCO Glenway Financial Corp. 0.79 8.23
GFED Guaranty Federal SB, MHC 0.93 6.72
GFSB GFS Bancorp Inc. 1.27 11.06
GLBK Glendale Co-Operative Bank 0.75 4.58
GLN Glendale Federal Bank FSB 0.60 9.39
GPT GreenPoint Financial Corp. 1.20 10.86
GRTR Greater New York Savings Bank 0.74 8.92
GSBC Great Southern Bancorp Inc. 1.73 19.40
GSFC Green Street Financial Corp. 1.57 4.38
GSLA GS Financial Corp. 1.28 4.98
GTFN Great Financial Corporation 1.05 10.66
GTPS Great American Bancorp 0.57 2.56
GUPB GFSB Bancorp Inc. 0.81 4.76
GWBC Gateway Bancorp Inc. 1.28 4.94
GWF Great Western Financial 0.61 10.06
HALL Hallmark Capital Corp. 0.66 9.38
HARB Harbor Federal Savings Bk, MHC 1.22 14.81
HARL Harleysville Savings Bank 1.03 16.28
HARS Harris Savings Bank, MHC 1.06 12.22
HAVN Haven Bancorp Inc. 0.82 14.11
HBBI Home Building Bancorp 0.83 6.78
HBEI Home Bancorp of Elgin Inc. 1.00 3.53
HBFW Home Bancorp 0.98 7.03
HBNK Highland Federal Bank FSB 1.06 14.60
HBS Haywood Bancshares Inc. 0.89 6.02
HCBB HCB Bancshares Inc. 0.27 3.46
HCFC Home City Financial Corp. 1.04 5.08
HEMT HF Bancorp Inc. 0.14 1.76
HFFB Harrodsburg First Fin Bancorp 1.32 4.96
HFFC HF Financial Corp. 0.94 10.16
HFGI Harrington Financial Group 0.66 13.64
HFNC HFNC Financial Corp. 0.84 3.17
HFSA Hardin Bancorp Inc. 0.74 5.38
HHFC Harvest Home Financial Corp. 0.78 6.27
HIFS Hingham Instit. for Savings 1.25 12.95
HMCI HomeCorp Inc. 0.46 7.34
HMLK Hemlock Federal Financial Corp (0.92) (6.81)
HMNF HMN Financial Inc. 1.07 7.34
HOMF Home Federal Bancorp 1.33 15.79
HPBC Home Port Bancorp Inc. 1.68 15.45
HRBF Harbor Federal Bancorp Inc. 0.72 5.62
HRZB Horizon Financial Corp. 1.59 10.36
HTHR Hawthorne Financial Corp. 0.65 12.36
HVFD Haverfield Corporation 0.95 11.13
HWEN Home Financial Bancorp 0.81 4.16
HZFS Horizon Financial Svcs Corp. 0.79 7.35
IBSF IBS Financial Corp. 0.73 3.67
IFSB Independence Federal Savings 0.45 6.97
IFSL Indiana Federal Corporation 1.10 12.73
INBI Industrial Bancorp 1.48 7.91
INCB Indiana Community Bank SB 0.60 4.77
IPSW Ipswich Savings Bank 1.18 19.03
ISBF ISB Financial Corporation 0.77 6.29
ITLA ITLA Capital Corp. 1.42 12.81
IWBK InterWest Bancorp Inc. 1.12 16.90
JOAC Joachim Bancorp Inc. 0.63 2.13
JSBA Jefferson Savings Bancorp 0.86 10.69
JSBF JSB Financial Inc. 1.69 7.65
JXSB Jacksonville Savings Bank, MHC 0.63 6.11
JXVL Jacksonville Bancorp Inc. 1.26 7.97
KFBI Klamath First Bancorp 1.48 6.99
KNK Kankakee Bancorp Inc. 0.89 8.42
KSAV KS Bancorp Inc. 1.24 9.06
KSBK KSB Bancorp Inc. 0.94 13.08
KYF Kentucky First Bancorp Inc. 1.17 7.02
LARK Landmark Bancshares Inc. 1.05 7.14
LARL Laurel Capital Group Inc. 1.41 13.36
LFBI Little Falls Bancorp Inc. 0.59 4.43
LFED Leeds Federal Savings Bk, MHC 1.23 7.61
LIFB Life Bancorp Inc. 0.98 9.07
LISB Long Island Bancorp Inc. 0.84 9.22
LOGN Logansport Financial Corp. 1.39 7.02
LONF London Financial Corporation 0.86 4.17
LSBI LSB Financial Corp. 0.78 8.41
LSBX Lawrence Savings Bank 1.52 17.82
LVSB Lakeview Financial 1.12 11.44
LXMO Lexington B&L Financial Corp. 1.00 3.40
MAFB MAF Bancorp Inc. 1.15 14.65
MARN Marion Capital Holdings 2.06 9.01
MASB MASSBANK Corp. 1.11 10.60
MBB MSB Bancorp Inc. 0.47 5.35
MBBC Monterey Bay Bancorp Inc. 0.45 4.20
MBLF MBLA Financial Corp. 0.70 5.23
MBSP Mitchell Bancorp Inc. 1.83 4.21
MCBN Mid-Coast Bancorp Inc. 0.87 9.16
MCBS Mid Continent Bancshares Inc. 1.07 10.33
MDBK Medford Savings Bank 1.08 12.12
MECH Mechanics Savings Bank 1.08 10.71
MERI Meritrust Federal SB 1.20 15.23
METF Metropolitan Financial Corp. 0.61 15.88
MFBC MFB Corp. 0.91 6.11
MFCX Marshalltown Financial Corp. 0.77 4.92
MFFC Milton Federal Financial Corp. 0.64 4.28
MFLR Mayflower Co-operative Bank 1.10 11.50
MFSL Maryland Federal Bancorp 0.79 9.42
MGNL Magna Bancorp Inc. 1.63 16.84
MIFC Mid-Iowa Financial Corp. 1.08 11.71
MIVI Mississippi View Holding Co. 1.02 5.89
MLBC ML Bancorp Inc. 0.73 9.71
MRKF Market Financial Corporation 0.68 2.56
MSBF MSB Financial Inc. 1.40 7.76
MSBK Mutual Savings Bank FSB 0.02 0.29
MWBI Midwest Bancshares Inc. 0.72 10.23
MWBX MetroWest Bank 1.31 17.68
MWFD Midwest Federal Financial 1.41 16.32
NASB North American Savings Bank 1.64 21.78
NBN Northeast Bancorp 0.74 9.51
NBSI North Bancshares Inc. 0.77 5.19
NEIB Northeast Indiana Bancorp 1.15 7.49
NHTB New Hampshire Thrift Bncshrs 0.94 12.59
NASB NewMil Bancorp Inc. 0.87 8.26
NSBC NewSouth Bancorp, Inc. 0.68 8.11
NSLB NS&L Bancorp Inc. 0.86 4.19
NSSB Norwich Financial Corp. 1.19 10.52
NSSY Norwalk Savings Society 0.69 8.21
NTMG Nutmeg Federal S&LA 0.68 11.07
NWEQ Northwest Equity Corp. 0.95 8.00
NWSB Northwest Savings Bank, MHC 0.94 9.54
NYB New York Bancorp Inc. 1.77 34.11
OCFC Ocean Financial Corp. 1.07 5.79
OCWN Ocwen Financial Corporation 2.61 32.05
OFCP Ottawa Financial Corp. 0.80 9.01
OHSL OHSL Financial Corp. 0.94 8.31
PALM Palfed, Inc. 0.82 10.28
PAMM PacificAmerica Money Center 10.66 51.38
PBCI Pamrapo Bancorp Inc. 1.45 9.87
PBCT People's Bank, MHC 1.14 14.03
PBIX Patriot Bank Corp. 0.56 6.51
PBKB People's Bancshares Inc. 0.97 16.28
PBNB People's Savings Financial Cp. 0.90 9.22
PCBC Perry County Financial Corp. 1.18 6.34
PCCI Pacific Crest Capital 1.01 13.23
PDB Piedmont Bancorp Inc. 1.25 7.47
PEEK Peekskill Financial Corp. 1.15 4.43
PERM Permanent Bancorp Inc. 0.69 7.17
PERT Perpetual Bank, MHC 1.03 8.13
PETE Primary Bank 0.82 12.29
PFDC Peoples Bancorp 1.46 9.59
PFED Park Bancorp Inc. 1.11 4.86
PFFB PFF Bancorp Inc. 0.39 3.71
PFFC Peoples Financial Corp. 0.88 3.23
PFNC Progress Financial Corporation 1.15 22.12
PFSB PennFed Financial Services Inc 0.85 11.30
PFSL Pocahontas FS&LA, MHC 0.69 10.90
PHBK Peoples Heritage Finl Group 1.26 15.32
PHFC Pittsburgh Home Financial Corp 0.74 6.09
PKPS Poughkeepsie Financial Corp. 0.52 6.26
PLE Pinnacle Bancshares Inc. 1.02 13.07
PLSK Pulaski Savings Bank, MHC 0.52 7.84
PMFI Perpetual Midwest Financial 0.44 5.15
POBS Portsmouth Bank Shares 2.29 9.31
PRBC Prestige Bancorp Inc. 0.65 5.34
PROV Provident Financial Holdings 0.76 5.31
PSBK Progressive Bank Inc. 0.96 11.53
PSFC Peoples-Sidney Financial Corp. 0.90 8.70
PSFI PS Financial Inc. 2.25 5.32
PTRS Potters Financial Corp. 1.53 16.55
PULB Pulaski Bank, Savings Bk, MHC 0.93 7.21
PULS Pulse Bancorp 1.11 14.26
PVFC PVF Capital Corp. 1.39 20.03
PVSA Parkvale Financial Corporation 1.06 14.76
PWBC PennFirst Bancorp Inc. 0.65 8.92
PWBK Pennwood Bancorp Inc. 1.02 5.15
QCBC Quaker City Bancorp Inc. 0.70 7.78
QCFB QCF Bancorp Inc. 1.55 8.53
QCSB Queens County Bancorp Inc. 2.12 14.19
RARB Raritan Bancorp Inc. 1.06 13.56
RCSB RCSB Financial Inc. 0.96 12.26
REDF RedFed Bancorp Inc. 1.06 12.85
RELI Reliance Bancshares Inc. 1.54 3.14
RELY Reliance Bancorp Inc. 0.87 10.58
RFED Roosevelt Financial Group 1.11 18.53
RIVR River Valley Bancorp 0.98 8.05
ROSE TR Financial Corp. 0.93 15.08
RSLN Roslyn Bancorp Inc. 0.34 1.72
RVSB Riverview Savings Bank, MHC 1.33 11.97
SBCN Suburban Bancorporation Inc. 0.84 7.18
SBFL SB of the Finger Lakes, MHC 0.35 3.56
SBOS Boston Bancorp (The) 3.18 28.19
SCBS Southern Community Bancshares 1.15 5.20
SCCB S. Carolina Community Bancshrs 1.05 4.04
SECP Security Capital Corporation 1.49 9.47
SFED SFS Bancorp Inc. 0.54 4.19
SFFC StateFed Financial Corporation 1.27 7.18
SFIN Statewide Financial Corp. 0.82 8.57
SFNB Security First Network Bank (21.61) (62.99)
SFSB SuburbFed Financial Corp. 0.64 9.74
SFSL Security First Corp. 1.37 14.70
SGVB SGV Bancorp Inc. 0.30 3.77
SHEN First Shenango Bancorp Inc. 1.13 10.53
SISB SIS Bancorp Inc. 0.81 11.03
SJSB SJS Bancorp 0.63 5.92
SKAN Skaneateles Bancorp Inc. 0.67 9.78
SKBO First Carnegie Deposit, MHC NA NA
SMBC Southern Missouri Bancorp Inc. 1.02 6.41
SMFC Sho-Me Financial Corp. 1.30 13.21
SOBI Sobieski Bancorp Inc. 0.67 4.04
SOPN First Savings Bancorp Inc. 1.73 6.96
SOSA Somerset Savings Bank 0.76 13.01
SPBC St. Paul Bancorp Inc. 1.07 12.03
SRN Southern Banc Company Inc. 0.49 2.93
SSB Scotland Bancorp Inc 1.73 4.70
SSFC South Street Financial Corp. 1.25 4.80
SSM Stone Street Bancorp Inc. 1.99 5.58
STFR St. Francis Capital Corp. 0.81 9.33
STND Standard Financial Inc. 0.67 6.06
STSA Sterling Financial Corp. 0.59 10.33
SVRN Sovereign Bancorp Inc. 0.37 7.20
SWBI Southwest Bancshares 1.05 9.91
SWCB Sandwich Co-operative Bank 0.90 11.05
SZB SouthFirst Bancshares Inc. 0.51 3.65
TBK Tolland Bank 0.79 11.40
THR Three Rivers Financial Corp. 0.80 5.68
THRD TF Financial Corporation 0.72 6.53
TPNZ Tappan Zee Financial Inc. 0.90 5.07
TRIC Tri-County Bancorp Inc. 1.07 6.93
TSBS Trenton SB, MHC 1.24 7.49
TSH Teche Holding Co. 1.17 8.80
TWIN Twin City Bancorp 0.96 7.48
UBMT United Financial Corp. 1.39 5.81
UFRM United Federal Savings Bank 0.79 10.49
VABF Virginia Beach Fed. Financial 0.60 8.80
VFFC Virginia First Financial Corp. 1.11 13.59
WAMU Washington Mutual Inc. 1.01 18.88
WAYN Wayne Savings & Loan Co. MHC 0.65 7.04
WBST Webster Financial Corporation (0.38) (6.97)
WCBI Westco Bancorp 1.39 8.92
WCFB Webster City Federal SB, MHC 1.50 6.38
WEFC Wells Financial Corp. 1.11 7.87
WEHO Westwood Homestead Fin. Corp. 1.17 3.58
WES Westcorp 0.94 9.91
WFCO Winton Financial Corp. 1.06 14.66
WFSG Wilshire Financial Services 1.34 19.87
WFSL Washington Federal Inc. 1.82 15.72
WHGB WHG Bancshares Corp. 0.84 3.69
WOFC Western Ohio Financial Corp. 0.33 4.32
WRNB Warren Bancorp Inc. 2.75 27.54
WSB Washington Savings Bank, FSB 1.11 13.35
WSFS WSFS Financial Corporation 1.15 21.26
WSTR WesterFed Financial Corp. 0.70 5.46
WVFC WVS Financial Corporation 1.33 10.31
WWFC Westwood Financial Corporation 0.75 8.12
WYNE Wayne Bancorp Inc. 0.82 5.47
YFCB Yonkers Financial Corporation 1.09 6.78
YFED York Financial Corp. 1.04 12.73
Average 0.93 9.07
Comparable
Thrift
Data
JOAC Joachim Bancorp Inc. 0.63 2.13
HBBI Home Building Bancorp 0.83 6.78
CSBF CSB Financial Group Inc. 0.48 1.90
MCBN Mid-Coast Bancorp Inc. 0.87 9.16
NSLB NS&L Bancorp Inc. 0.86 4.19
CKFB CKF Bancorp Inc. 1.21 4.96
ALBC Albion Banc Corp. 0.69 7.68
MIVI Mississippi View Holding Co. 1.02 5.89
ATSB AmTrust Capital Corp. 0.42 4.16
SCCB S. Carolina Community Bancshrs 1.05 4.04
Average 0.81 5.09
Maximum 1.21 9.16
Minimum 0.42 1.90
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
INCOME STATEMENT AS OF THE MOST RECENT QUARTER
-----------------------------------------------------------------------------------------------------
NET INTEREST INTEREST NET INTEREST NONINTEREST NONINTEREST
INTEREST INCOME/ EXPENSE/ INCOME/ INCOME/ EXPENSE/ EFFICIENCY OVERHEAD
MARGIN AVG ASSETS AVG ASSETS AVG ASSETS AVG ASSETS AVG ASSETS RATIO RATIO
TICKER SHORT NAME (%) (%) (%) (%) (%) (%) (%) (%)
- ---------------------------- -------- ---------- ---------- ------------ ----------- ----------- ---------- --------
%CAL California Federal
Bank, a FSB 2.79 6.80 4.25 2.54 1.01 2.09 53.94 35.70
%CCMD Chevy Chase Bank,
FSB 4.56 7.76 3.90 3.86 4.49 6.80 76.90 50.06
AABC Access Anytime
Bancorp, Inc. 2.83 6.67 3.93 2.74 0.67 3.12 91.34 89.21
AADV Advantage Bancorp
Inc. 3.10 7.45 4.48 2.98 0.60 2.09 56.13 47.31
ABBK Abington Bancorp
Inc. 3.50 7.23 3.91 3.32 0.76 2.69 62.89 54.38
ABCL Alliance Bancorp
Inc. 2.86 6.90 4.15 2.75 1.11 2.66 69.22 56.81
ABCW Anchor BanCorp
Wisconsin 3.16 7.63 4.60 3.03 0.59 2.01 59.27 51.39
AFBC Advance Financial
Bancorp 3.82 7.55 3.83 3.73 0.27 2.53 63.36 60.70
AFCB Affiliated
Community Bancorp 3.40 7.47 4.16 3.32 0.16 1.61 46.18 43.53
AFED AFSALA Bancorp
Inc. 3.60 6.98 3.52 3.46 0.28 2.38 63.42 60.46
AFFFZ America First
Financial Fund 2.89 7.07 4.30 2.77 0.31 1.88 59.15 54.57
AHCI Ambanc Holding Co.
Inc. 3.48 7.25 3.89 3.36 0.20 2.35 63.57 61.44
AHM Ahmanson & Company
ALBC (H.F.) 2.71 7.03 4.44 2.59 0.53 1.77 48.82 38.36
Albion Banc Corp. 3.51 7.49 4.13 3.37 0.49 2.76 76.86 73.50
ALBK ALBANK Financial
Corporation 3.99 7.38 3.60 3.78 0.36 2.25 51.39 46.72
AMFB American Federal
Bank FSB 4.48 7.75 3.49 4.26 1.22 2.92 52.35 38.76
AMFC AMB Financial
Corp. 3.89 7.53 3.73 3.81 0.43 2.80 66.18 62.34
ANA Acadiana
Bancshares Inc. 3.69 7.57 3.97 3.61 0.39 2.15 54.63 49.75
ANBK American National
Bancorp 3.30 7.64 4.45 3.19 0.16 2.13 57.64 55.47
ANDB Andover Bancorp
ASBI Inc. 3.23 7.25 4.13 3.11 0.46 1.83 47.85 40.14
Ameriana Bancorp 3.14 7.31 4.30 3.01 0.53 2.25 63.36 56.89
ASBP ASB Financial
Corp. 3.29 7.52 4.30 3.22 0.25 2.19 63.13 60.27
ASFC Astoria Financial
Corporation 2.77 6.97 4.30 2.67 0.17 1.41 45.21 41.79
ATSB AmTrust Capital
Corp. 2.85 7.03 4.30 2.73 0.47 2.74 85.66 83.20
AVND Avondale Financial
Corp. 4.60 8.88 4.45 4.43 1.04 3.75 68.44 61.02
BANC BankAtlantic
Bancorp Inc. 4.01 7.67 3.98 3.69 0.91 3.10 65.35 56.86
BDJI First Federal
Bancorporation 3.33 7.20 4.03 3.17 0.48 2.87 78.80 75.61
BFD BostonFed Bancorp
Inc. 3.30 7.11 3.94 3.18 0.38 1.99 66.91 62.90
BFFC Big Foot Financial
Corp. 2.95 6.80 3.94 2.86 0.12 2.30 75.47 74.46
BFSB Bedford Bancshares
Inc. 4.11 7.75 3.82 3.93 0.43 2.25 51.86 46.62
BKC American Bank of
BKCO Connecticut 3.42 7.20 3.92 3.28 0.72 1.93 42.95 30.41
Bankers Corp. 2.76 7.03 4.31 2.71 0.09 0.84 27.58 25.22
BKCT Bancorp
Connecticut Inc. 3.69 7.41 3.81 3.60 0.29 1.90 49.19 45.09
BKUNA BankUnited
BNKU Financial Corp. 2.97 7.29 4.47 2.82 0.30 2.14 64.89 61.18
BPLS Bank United Corp. 2.57 7.23 4.80 2.43 0.73 2.00 53.14 39.07
Bank Plus Corp. 2.47 7.05 4.61 2.45 0.33 2.19 68.67 64.41
BSBC Branford Savings
BTHL Bank 4.41 7.70 3.38 4.31 0.29 3.16 65.57 63.22
Bethel Bancorp 4.39 8.43 4.25 4.18 0.73 3.83 75.36 71.06
BVCC Bay View Capital
Corp. 2.78 7.53 4.80 2.72 0.34 1.90 61.65 56.81
BWFC Bank West
Financial Corp. 3.06 7.18 4.27 2.91 0.56 2.64 76.11 71.50
BYFC Broadway Financial
Corp. 4.48 7.52 3.17 4.34 0.30 3.71 78.74 77.28
CAFI Camco Financial
Corp. 3.51 7.51 4.20 3.31 0.44 2.35 62.20 57.12
CAPS Capital Savings
Bancorp Inc. 3.18 7.49 4.35 3.13 0.58 2.12 57.55 49.70
CASB Cascade Financial
Corp. 2.72 7.55 4.92 2.63 0.33 2.15 72.22 68.70
CASH First Midwest
Financial Inc. 3.25 7.44 4.30 3.14 0.38 1.98 53.45 47.76
CATB Catskill Financial
Corp. 4.24 7.22 3.06 4.16 0.15 1.95 46.10 44.22
CBCI Calumet Bancorp
CBCO Inc. 3.87 7.75 4.16 3.60 0.10 1.52 59.07 57.92
CBES CB Bancorp Inc. 4.10 7.92 3.95 3.97 0.71 2.19 46.80 37.35
CBES Bancorp Inc. 4.42 7.95 3.68 4.27 0.53 3.02 62.53 57.92
CBK Citizens First
Financial Corp. 3.20 7.24 4.15 3.08 0.52 2.53 70.26 65.26
CBNH Community
Bankshares Inc. 4.35 7.82 3.73 4.09 0.56 3.35 71.09 67.11
CBSA Coastal Bancorp
Inc. 2.10 6.92 4.87 2.04 0.20 1.42 59.12 55.02
CBSB Charter Financial
Inc. 3.84 7.66 3.99 3.68 0.56 2.30 50.60 43.01
CCFH CCF Holding
Company 4.03 7.39 3.62 3.76 1.12 5.50 112.63 116.40
CEBK Central
Co-operative Bank 3.80 7.44 3.75 3.70 0.24 2.60 62.76 60.32
CENB Century Bancorp
Inc. 4.07 7.61 3.75 3.85 0.08 1.16 29.58 28.09
CENF CENFED Financial
Corp. 2.48 7.29 4.89 2.40 0.36 1.52 52.98 45.94
CFB Commercial Federal
Corporation 2.60 7.36 4.86 2.50 0.87 1.78 47.73 29.57
CFCP Coastal Financial
Corp. 3.97 7.87 4.14 3.73 0.72 2.67 59.50 51.63
CFFC Community
Financial Corp. 4.03 7.90 4.04 3.86 0.33 1.79 42.85 38.00
CFHC California
Financial Holding 3.27 7.62 4.46 3.16 0.42 1.98 54.43 48.42
CFNC Carolina Fincorp
CFSB Inc. 3.93 7.27 3.44 3.82 0.42 2.51 59.21 54.75
CFSB Bancorp Inc. 3.07 7.31 4.32 2.99 0.54 1.91 53.80 45.49
CFTP Community Federal
CFX Bancorp 3.81 6.98 3.19 3.79 0.20 1.22 30.71 27.03
CFX Corporation 4.04 7.29 3.58 3.71 0.95 2.96 62.51 52.95
CIBI Community
CKFB Investors Bancorp 3.38 7.60 4.25 3.35 0.14 1.86 51.90 49.94
CKF Bancorp Inc. 3.72 7.41 3.75 3.65 0.10 1.92 43.62 42.08
CLAS Classic Bancshares
Inc. 3.68 7.08 3.60 3.48 0.29 2.48 63.38 60.30
CMRN Cameron Financial
Corp 4.07 7.88 3.99 3.90 0.13 1.89 46.96 45.24
CMSB Commonwealth
Bancorp Inc. 3.53 6.93 3.63 3.30 0.58 2.94 67.96 62.37
CMSV Community Savings,
MHC 3.53 7.19 3.86 3.34 0.53 2.57 66.33 60.95
CNBA Chester Bancorp
CNIT Inc. 3.20 6.39 3.26 3.14 0.12 1.69 51.70 49.82
CNSB CENIT Bancorp Inc. 3.24 7.16 4.12 3.04 0.49 2.44 67.83 62.63
CNS Bancorp Inc. 3.56 7.13 3.65 3.48 0.18 2.22 60.85 58.82
CNY Carver Bancorp
Inc. 2.70 5.69 3.10 2.59 0.27 2.64 89.47 88.38
COFD Collective Bancorp
Inc. 3.02 6.95 4.05 2.90 0.32 1.33 37.77 30.93
COFI Charter One
Financial 2.88 7.33 4.54 2.80 0.43 1.34 40.48 31.26
CONE Conestoga Bancorp,
Inc. 2.84 6.42 3.68 2.73 0.16 2.05 70.85 69.16
COOP Cooperative
Bankshares Inc. 2.97 7.23 4.30 2.92 0.16 1.97 63.79 61.85
COVB CoVest Bancshares
Inc. 2.93 7.09 4.29 2.80 0.37 1.84 56.84 51.10
CRZY Crazy Woman Creek
Bancorp 3.79 7.30 3.54 3.76 0.15 1.92 49.21 47.22
CSA Coast Savings
Financial 2.67 7.08 4.54 2.54 0.57 1.78 55.52 45.59
CSBF CSB Financial
Group Inc. 2.80 6.04 3.33 2.71 0.23 2.65 86.04 84.83
CTZN CitFed Bancorp
Inc. 2.51 6.86 4.49 2.37 1.01 2.08 56.52 38.07
CVAL Chester Valley
Bancorp Inc. 3.71 7.48 3.85 3.64 0.36 2.55 63.92 60.35
CZF CitiSave Financial
Corp 4.08 7.12 3.25 3.87 1.46 3.90 73.29 63.19
DCBI Delphos Citizens
Bancorp Inc. 4.06 7.35 3.40 3.95 0.20 1.51 36.45 33.27
DFIN Damen Financial
Corp. 3.08 7.18 4.15 3.03 0.05 2.06 66.89 66.32
DIBK Dime Financial
Corp. 3.52 7.31 3.87 3.44 0.27 1.74 45.13 40.91
DIME Dime Community
DME Bancorp Inc. 4.13 7.22 3.30 3.92 0.24 2.18 46.65 43.32
Dime Bancorp Inc. 2.54 6.77 4.33 2.44 0.42 1.57 52.39 44.14
DNFC D & N Financial
Corp. 3.15 7.66 4.59 3.07 0.43 2.05 58.66 52.92
DSL Downey Financial
EBCP Corp. 3.04 7.39 4.51 2.89 0.28 1.38 57.69 53.60
EBSI Eastern Bancorp 3.98 7.39 3.73 3.66 0.96 3.67 72.88 65.79
Eagle Bancshares 4.08 8.39 4.64 3.76 1.56 4.04 78.22 69.18
EFBC Empire Federal
Bancorp Inc. 4.48 7.69 3.30 4.40 0.93 2.74 51.47 41.21
EFBI Enterprise Federal
Bancorp 3.05 7.58 4.62 2.96 0.05 1.65 54.35 53.60
EGFC Eagle Financial
Corp. 3.10 7.04 4.06 2.98 0.38 1.89 49.11 42.67
EGLB Eagle BancGroup
Inc. 2.47 6.98 4.60 2.37 0.18 1.98 78.36 76.76
EIRE Emerald Isle
Bancorp Inc. 3.39 7.62 4.30 3.31 0.19 2.00 56.96 54.48
EMLD Emerald Financial
Corp. 2.95 7.60 4.70 2.90 0.26 1.60 49.92 45.36
EQSB Equitable Federal
Savings Bank 2.62 7.25 4.73 2.51 0.53 1.54 58.41 49.62
ESBK Elmira Savings
ESX Bank (The) 3.73 7.61 4.02 3.59 0.77 3.67 81.05 76.99
Essex Bancorp Inc. 2.90 7.61 4.88 2.74 1.36 4.11 93.71 90.59
ETFS East Texas
Financial Services 3.11 6.94 3.89 3.05 0.15 2.22 68.81 67.29
FAB FirstFed America
Bancorp Inc. 2.89 6.93 4.13 2.79 0.46 2.23 68.68 63.53
FBBC First Bell Bancorp
Inc. 2.56 6.87 4.35 2.52 0.07 0.67 25.68 23.50
FBCI Fidelity Bancorp
FBCV Inc. 3.14 7.36 4.30 3.06 0.24 1.97 59.38 56.15
FBER 1ST Bancorp 2.63 7.52 4.99 2.53 0.40 2.54 84.12 81.64
1st Bergen Bancorp 3.68 7.10 3.56 3.55 0.11 2.10 57.86 56.59
FBHC Fort Bend Holding
Corp. 3.07 7.04 4.15 2.89 1.54 3.51 85.07 77.13
FBSI First Bancshares
Inc. 3.58 7.57 4.16 3.42 0.27 1.79 49.83 45.81
FCB Falmouth
Co-Operative Bank 3.84 6.83 3.06 3.77 0.13 2.78 71.20 70.24
FCBF FCB Financial
Corp. 3.53 7.56 4.10 3.46 0.27 1.81 48.46 44.50
FCIT First Citizens
Financial Corp. 3.18 7.45 4.42 3.03 0.32 2.07 63.52 59.64
FCME First Coastal
Corporation 3.99 7.55 3.86 3.69 0.36 3.30 79.46 77.47
FDEF First Defiance
Financial 4.32 7.80 3.65 4.15 0.27 2.45 54.19 51.20
FED FirstFed Financial
Corp. 2.43 7.12 4.80 2.32 0.22 1.09 44.50 39.27
FESX First Essex
Bancorp Inc. 3.39 7.48 4.23 3.25 0.28 2.19 57.92 54.30
FFBA First Colorado
Bancorp Inc. 3.38 7.10 3.84 3.25 0.33 1.50 41.50 35.54
FFBH First Federal
Bancshares of AR 3.28 7.58 4.35 3.23 0.25 1.65 47.35 43.31
FFBI First Financial
FFBS Bancorp Inc. 2.92 7.12 4.30 2.82 0.45 2.50 76.55 72.78
FFBS BanCorp Inc. 3.66 7.35 3.74 3.61 0.53 1.78 42.91 34.46
FFBZ First Federal
Bancorp Inc. 3.75 7.52 4.06 3.46 0.46 2.53 66.45 62.02
FFCH First Financial
Holdings Inc. 3.12 7.50 4.47 3.03 0.74 2.26 59.85 50.00
FFDB FirstFed Bancorp
Incorporated 3.63 7.72 4.22 3.50 0.49 2.27 55.03 48.68
FFDF FFD Financial
Corp. 3.34 6.88 3.58 3.30 0.07 1.83 54.43 53.47
FFED Fidelity Federal
Bancorp 2.59 7.81 5.38 2.43 1.85 3.11 72.52 51.53
FFES First Federal of
East Hartford 2.47 6.79 4.38 2.41 0.15 1.50 58.18 55.57
FFFC FFVA Financial
Corp. 3.89 7.85 4.07 3.78 0.22 1.84 45.37 42.12
FFFD North Central
Bancshares Inc. 4.15 7.64 3.63 4.01 0.95 2.17 43.79 30.52
FFFG F.F.O. Financial
Group Inc. 3.55 7.36 4.02 3.34 0.76 2.91 69.95 63.10
Fidelity
FFFL Bankshares Inc.,
MHC 3.47 7.28 4.01 3.27 0.40 2.70 72.20 68.80
FFHC First Financial
Corp. 3.47 7.54 4.22 3.32 0.75 1.93 45.95 33.73
FFHH FSF Financial
Corp. 3.07 7.38 4.40 2.98 0.36 2.00 59.96 55.10
FFHS First Franklin
Corporation 2.64 7.05 4.49 2.57 0.16 1.80 64.62 62.43
FFIC Flushing Financial
Corp. 4.02 7.63 3.65 3.97 0.20 2.37 56.37 54.21
FFKY First Federal
FFLC Financial Corp. 4.19 7.84 3.89 3.95 0.61 2.03 42.95 34.12
FFLC Bancorp Inc. 3.60 7.35 3.90 3.45 0.22 1.85 50.31 47.08
FFOH Fidelity Financial
of Ohio 3.22 7.33 4.24 3.10 0.19 1.88 53.14 50.32
FFPB First Palm Beach
Bancorp Inc. 3.11 7.43 4.47 2.95 0.38 2.35 69.44 65.51
FFSL First Independence
Corp. 2.79 7.29 4.56 2.73 0.20 1.99 67.67 65.32
FFSW FirstFederal
Financial Svcs 2.54 6.90 4.54 2.36 1.22 2.46 65.05 46.93
FFSX First Fed SB of
FFWC Siouxland, MHC 3.08 7.40 4.44 2.96 0.47 2.23 65.02 59.50
FFWD FFW Corp. 3.31 7.77 4.55 3.22 0.38 1.84 51.19 45.45
Wood Bancorp Inc. 4.25 7.97 3.86 4.11 0.23 2.15 49.46 46.63
FFYF FFY Financial
Corp. 3.76 7.73 4.08 3.66 0.16 1.79 46.94 44.65
FGHC First Georgia
Holding Inc. 4.07 8.38 4.57 3.81 0.75 3.16 68.23 61.96
FIBC Financial Bancorp
Inc. 3.92 7.28 3.53 3.75 0.22 2.47 63.45 61.32
FISB First Indiana
Corporation 4.39 8.37 4.17 4.20 0.75 2.53 52.04 43.43
FKFS First Keystone
Financial 3.34 7.15 3.96 3.19 0.33 2.18 62.23 58.38
FKKY Frankfort First
Bancorp Inc. 3.68 7.15 3.53 3.62 0.05 2.22 60.56 60.05
FLAG FLAG Financial
Corp. 3.94 7.55 3.95 3.60 1.26 3.19 65.27 53.09
FLFC First Liberty
Financial Corp. 3.95 7.82 4.19 3.63 0.82 2.72 58.93 49.59
FLGS Flagstar Bancorp
Inc. 3.38 7.45 4.37 3.08 3.61 4.46 66.71 27.72
FLKY First Lancaster
Bancshares 4.99 8.08 3.16 4.93 -- 2.64 53.57 53.57
FMBD First Mutual
Bancorp Inc. 2.85 6.73 4.09 2.65 0.30 2.79 86.52 84.98
FMCO FMS Financial
Corporation 3.70 7.22 3.69 3.53 0.46 2.40 57.85 52.36
FMSB First Mutual
Savings Bank 9.04 8.20 4.64 3.55 0.35 2.22 56.99 52.78
FNGB First Northern
FOBC Capital Corp. 3.26 7.17 4.03 3.14 0.44 2.13 59.38 53.67
Fed One Bancorp 3.56 7.22 3.78 3.44 0.17 2.02 53.45 51.08
FPRY First Financial
Bancorp 3.15 7.62 4.63 2.98 0.52 2.92 82.09 78.98
FRC First Republic
Bancorp 2.42 7.64 5.24 2.40 0.13 1.37 49.46 46.72
FSBI Fidelity Bancorp
Inc. 3.27 7.27 4.09 3.18 0.25 2.00 58.36 55.03
FSFC First Southeast
Financial Corp 3.32 7.50 4.30 3.20 0.33 1.75 50.19 45.00
FSLA First Savings
Bank, MHC 3.28 7.01 3.87 3.14 0.23 1.65 45.73 41.69
FSNJ First Savings Bk
of NJ, MHC 2.03 6.35 4.39 1.96 0.19 1.71 78.73 76.64
FSPG First Home Bancorp
Inc. 3.13 7.50 4.46 3.04 0.19 1.64 51.03 47.99
FSSB First FS&LA of San
Bernardino 3.67 7.74 4.33 3.41 0.89 4.27 100.81 101.02
FSTC First Citizens
Corporation 4.50 7.94 3.69 4.25 0.72 2.29 62.34 55.92
FTF Texarkana First
Financial Corp 3.93 7.90 4.06 3.84 0.38 1.51 35.71 29.39
FTFC First Federal
Capital Corp. 3.01 7.38 4.53 2.85 1.17 2.56 62.98 47.84
FTNB Fulton Bancorp
Inc. 3.69 7.50 3.87 3.63 0.49 2.43 59.22 53.66
FTSB Fort Thomas
Financial Corp. 4.12 8.38 4.36 4.02 0.19 2.31 54.86 52.73
FWWB First SB of
GAF Washington Bancorp 3.68 7.63 4.09 3.54 0.31 2.04 50.70 46.36
GA Financial Inc. 3.94 7.20 3.36 3.83 0.23 2.24 55.23 52.54
GBCI Glacier Bancorp
Inc. 4.43 7.77 3.58 4.20 1.39 3.14 55.71 41.05
GDVS Greater Delaware
Valley SB,MHC 3.48 6.96 3.59 3.36 0.28 2.20 61.31 58.10
GDW Golden West
Financial 2.37 7.09 4.79 2.30 0.19 0.83 33.45 27.97
GFCO Glenway Financial
Corp. 3.24 7.44 4.33 3.11 0.25 2.10 60.36 57.21
GFED Guaranty Federal
GFSB SB, MHC 3.39 7.61 4.35 3.26 0.24 2.02 59.55 56.63
GFS Bancorp Inc. 3.44 8.02 4.60 3.42 0.15 1.65 46.11 43.75
GLBK Glendale
Co-Operative Bank 3.91 7.18 3.35 3.83 0.27 2.96 72.03 70.06
GLN Glendale Federal
Bank FSB 2.65 7.03 4.50 2.53 0.60 1.75 53.02 41.83
GPT GreenPoint
Financial Corp. 3.93 7.23 3.58 3.65 0.33 2.07 43.50 38.47
GRTR Greater New York
Savings Bank 3.16 6.92 3.95 2.97 0.32 2.11 57.06 52.48
GSBC Great Southern
Bancorp Inc. 4.04 8.30 4.33 3.97 1.28 2.41 45.64 28.13
GSFC Green Street
GSLA Financial Corp. 4.35 7.31 2.99 4.32 0.06 1.88 43.05 42.21
GS Financial Corp. 4.29 6.96 2.89 4.08 0.01 2.14 52.34 52.24
GTFN Great Financial
Corporation 3.05 7.39 4.52 2.87 0.92 2.47 63.98 52.46
GTPS Great American
GUPB Bancorp 4.34 7.21 3.14 4.07 0.45 3.43 76.24 73.60
GFSB Bancorp Inc. 3.13 7.07 3.97 3.10 0.05 1.76 56.02 55.28
GWBC Gateway Bancorp
Inc. 3.21 6.75 3.57 3.18 0.11 1.53 46.59 44.76
GWF Great Western
Financial 3.32 7.32 4.16 3.16 0.84 2.28 54.10 41.88
HALL Hallmark Capital
Corp. 2.50 7.50 5.05 2.44 0.23 1.53 57.02 52.91
HARB Harbor Federal
Savings Bk, MHC 3.70 7.66 4.07 3.59 0.35 1.90 47.25 42.06
HARL Harleysville
Savings Bank 2.87 7.39 4.59 2.80 0.12 1.29 44.25 41.87
HARS Harris Savings
HAVN Bank, MHC 2.71 7.07 4.48 2.59 0.31 1.72 55.49 50.17
Haven Bancorp Inc. 3.21 7.14 4.06 3.08 0.58 2.25 60.44 52.96
HBBI Home Building
Bancorp 3.51 7.49 4.12 3.37 0.28 2.36 64.51 61.56
HBEI Home Bancorp of
HBFW Elgin Inc. 4.20 6.89 2.88 4.01 0.49 2.84 63.79 59.36
Home Bancorp 2.94 7.33 4.43 2.90 0.07 1.32 44.45 43.15
HBNK Highland Federal
Bank FSB 4.41 8.74 4.62 4.12 0.38 2.41 51.65 47.18
HBS Haywood Bancshares
Inc. 3.34 7.04 3.86 3.18 0.35 2.06 65.28 61.43
HCBB HCB Bancshares
Inc. 2.76 7.17 4.51 2.65 0.27 2.26 72.89 70.18
HCFC Home City
HEMT Financial Corp. 3.93 8.14 4.30 3.84 0.13 2.18 54.80 53.28
HF Bancorp Inc. 2.40 6.84 4.54 2.30 0.23 2.21 77.42 75.18
HFFB Harrodsburg First
HFFC Fin Bancorp 3.65 7.06 3.48 3.58 0.07 1.65 45.27 44.13
HF Financial Corp. 3.55 7.79 4.41 3.38 1.11 3.17 69.18 59.06
HFGI Harrington
Financial Group 1.60 6.66 5.10 1.56 0.05 0.92 57.33 56.05
HFNC HFNC Financial
Corp. 3.69 7.45 3.91 3.55 0.13 1.72 46.62 44.63
HFSA Hardin Bancorp
Inc. 2.79 7.32 4.58 2.74 0.24 1.76 59.79 56.27
HHFC Harvest Home
Financial Corp. 2.88 7.06 4.24 2.83 0.06 1.69 58.47 57.56
HIFS Hingham Instit.
HMCI for Savings 3.96 7.62 3.78 3.83 0.35 2.16 50.64 46.09
HomeCorp Inc. 3.12 7.19 4.33 2.86 0.64 2.75 83.66 79.99
HMLK Hemlock Federal
HMNF Financial Corp 2.89 6.60 3.74 2.86 0.28 1.95 62.16 58.45
HMN Financial Inc. 2.84 7.15 4.35 2.80 0.20 1.53 50.85 47.38
HOMF Home Federal
Bancorp 3.75 7.90 4.34 3.56 0.87 2.20 49.17 36.76
HPBC Home Port Bancorp
Inc. 4.74 8.13 3.53 4.60 0.44 2.23 44.30 38.95
HRBF Harbor Federal
Bancorp Inc. 2.94 7.28 4.39 2.89 0.07 1.78 60.25 59.25
HRZB Horizon Financial
Corp. 3.60 7.63 4.11 3.51 0.25 1.33 35.37 30.78
HTHR Hawthorne
Financial Corp. 3.43 8.19 4.89 3.30 0.35 2.54 69.84 66.62
HVFD Haverfield
Corporation 3.66 7.92 4.34 3.58 0.66 2.70 62.79 55.95
HWEN Home Financial
Bancorp 4.72 8.81 4.23 4.58 0.16 3.42 74.62 73.72
HZFS Horizon Financial
Svcs Corp. 3.42 7.69 4.36 3.33 0.46 2.51 62.47 57.26
IBSF IBS Financial
Corp. 3.10 6.88 3.87 3.01 0.09 1.97 63.73 62.68
IFSB Independence
Federal Savings 2.63 7.20 4.68 2.52 1.15 3.05 79.68 70.39
IFSL Indiana Federal
INBI Corporation 3.54 7.48 4.23 3.26 0.88 2.44 56.70 45.01
Industrial Bancorp 4.19 7.97 3.86 4.11 0.13 1.90 44.65 42.84
INCB Indiana Community
Bank SB 4.45 7.76 3.44 4.32 0.90 3.97 76.08 71.08
IPSW Ipswich Savings
Bank 3.70 7.13 3.53 3.60 0.63 2.53 59.60 52.50
ISBF ISB Financial
ITLA Corporation 3.70 7.22 3.77 3.46 0.55 2.64 61.81 55.68
ITLA Capital Corp. 4.79 9.68 4.93 4.75 0.17 2.22 44.62 42.63
IWBK InterWest Bancorp
Inc. 3.42 7.52 4.31 3.21 0.64 2.10 54.75 45.75
JOAC Joachim Bancorp
Inc. 4.25 7.11 2.95 4.16 0.15 2.96 68.77 67.66
JSBA Jefferson Savings
JSBF Bancorp 3.02 7.43 4.51 2.92 0.19 1.64 49.48 46.19
JSB Financial Inc. 4.73 7.01 2.56 4.45 0.20 1.72 38.70 35.96
JXSB Jacksonville
Savings Bank, MHC 3.71 7.48 4.13 3.35 0.43 2.72 71.81 68.19
JXVL Jacksonville
Bancorp Inc. 3.70 7.58 3.97 3.60 0.49 2.16 54.97 48.83
KFBI Klamath First
Bancorp 3.37 7.38 4.04 3.34 0.06 1.45 42.76 41.74
KNK Kankakee Bancorp
KSAV Inc. 3.25 7.24 4.11 3.13 0.42 2.32 63.36 58.42
KSBK KS Bancorp Inc. 4.02 8.08 4.27 3.81 0.16 1.94 48.60 46.41
KSB Bancorp Inc. 4.48 8.17 3.83 4.34 0.85 3.33 64.23 57.23
KYF Kentucky First
Bancorp Inc. 3.51 7.20 3.77 3.43 0.17 1.90 52.83 50.53
LARK Landmark
Bancshares Inc. 3.16 7.38 4.28 3.10 0.25 1.60 47.98 43.79
LARL Laurel Capital
Group Inc. 3.73 7.41 3.76 3.65 0.28 1.69 44.05 39.81
LFBI Little Falls
Bancorp Inc. 2.73 6.56 3.95 2.62 0.10 1.70 57.66 56.02
LFED Leeds Federal
LIFB Savings Bk, MHC 2.98 7.02 4.09 2.93 0.10 0.98 32.45 30.15
Life Bancorp Inc. 2.66 7.23 4.66 2.56 0.22 1.31 44.80 40.06
LISB Long Island
Bancorp Inc. 2.90 6.84 4.08 2.77 0.48 1.90 57.16 49.69
LOGN Logansport
Financial Corp. 3.90 7.52 3.72 3.80 0.17 1.61 40.51 37.80
LONF London Financial
Corporation 3.74 7.44 3.74 3.70 0.17 2.55 65.93 64.37
LSBI LSB Financial
Corp. 3.56 7.70 4.35 3.35 0.28 2.45 67.43 64.65
LSBX Lawrence Savings
LVSB Bank 3.37 7.23 3.95 3.28 0.32 2.33 63.52 59.98
Lakeview Financial 3.57 7.02 3.62 3.41 0.83 2.39 49.11 36.65
LXMO Lexington B&L
MAFB Financial Corp. 3.86 7.53 3.74 3.79 0.14 2.25 57.12 55.48
MAF Bancorp Inc. 3.07 7.18 4.27 2.92 0.42 1.43 45.71 37.82
MARN Marion Capital
MASB Holdings 4.39 7.89 3.79 4.11 0.19 1.65 36.56 33.70
MBB MASSBANK Corp. 2.93 6.63 3.75 2.88 0.19 1.42 44.76 41.09
MSB Bancorp Inc. 3.26 6.68 3.67 3.00 0.44 2.50 58.88 52.83
MBBC Monterey Bay
Bancorp Inc. 2.90 7.22 4.44 2.78 0.29 2.21 65.44 61.79
MBLF MBLA Financial
Corp. 1.96 6.69 4.74 1.94 0.01 0.63 31.85 31.52
MBSP Mitchell Bancorp
Inc. 5.13 7.72 2.68 5.04 0.07 2.17 42.53 41.72
MCBN Mid-Coast Bancorp
Inc. 4.29 8.34 4.38 3.96 0.34 2.95 68.50 65.82
MCBS Mid Continent
Bancshares Inc. 2.48 6.78 4.49 2.30 1.88 2.47 58.65 24.81
MDBK Medford Savings
Bank 3.33 6.90 3.70 3.20 0.28 1.76 47.07 42.45
MECH Mechanics Savings
Bank 4.06 7.16 3.30 3.86 1.17 3.03 59.75 47.56
MERI Meritrust Federal
SB 3.54 7.23 3.84 3.39 0.75 2.22 53.76 43.57
METF Metropolitan
MFBC Financial Corp. 3.43 8.17 4.91 3.26 0.39 2.47 66.60 62.60
MFB Corp. 3.28 7.41 4.21 3.20 0.14 1.83 54.81 52.79
MFCX Marshalltown
Financial Corp. 2.69 6.94 4.30 2.64 0.12 1.87 68.04 66.63
MFFC Milton Federal
Financial Corp. 3.15 7.27 4.22 3.05 0.12 2.19 68.99 67.75
MFLR Mayflower
Co-operative Bank 4.13 7.49 3.59 3.91 0.39 2.39 54.94 50.46
MFSL Maryland Federal
MGNL Bancorp 2.74 7.21 4.52 2.69 0.22 1.65 55.08 51.37
Magna Bancorp Inc. 5.51 8.26 3.48 4.78 2.66 4.54 57.74 34.24
MIFC Mid-Iowa Financial
Corp. 3.04 7.25 4.28 2.98 0.79 2.05 54.95 43.02
MIVI Mississippi View
MLBC Holding Co. 3.85 7.53 3.64 3.89 0.23 2.34 56.76 54.22
ML Bancorp Inc. 3.17 7.20 4.23 2.96 0.43 2.33 70.31 66.01
MRKF Market Financial
MSBF Corporation 2.98 6.29 3.35 2.94 0.01 1.91 64.89 64.80
MSB Financial Inc. 4.75 7.96 3.37 4.59 0.53 2.89 56.54 51.56
MSBK Mutual Savings
Bank FSB 1.70 6.31 4.64 1.67 0.45 2.12 100.09 100.11
MWBI Midwest Bancshares
MWBX Inc. 2.92 7.39 4.56 2.84 0.25 1.91 62.18 58.81
MetroWest Bank 4.12 7.65 3.72 3.94 0.37 2.67 61.86 58.29
MWFD Midwest Federal
Financial 3.98 7.82 4.14 3.68 0.82 2.72 59.58 50.63
NASB North American
NBN Savings Bank 3.42 8.13 4.80 3.33 0.68 1.75 46.80 35.89
Northeast Bancorp 4.05 8.39 4.47 3.92 0.94 3.54 70.52 63.49
NBSI North Bancshares
Inc. 3.32 7.22 3.95 3.26 0.17 2.51 73.21 71.83
NEIB Northeast Indiana
Bancorp 3.56 7.74 4.23 3.51 0.27 1.75 46.35 42.25
NHTB New Hampshire
Thrift Bncshrs 4.15 8.57 4.64 3.92 0.60 2.96 62.57 56.85
NASB NewMil Bancorp
Inc. 4.08 7.45 3.51 3.93 0.41 2.79 65.82 62.25
NSBC NewSouth Bancorp,
NSLB Inc. 4.01 7.68 3.74 3.93 0.64 3.28 71.80 67.20
NS&L Bancorp Inc. 3.15 6.55 3.48 3.07 0.32 2.27 66.80 63.31
NSSB Norwich Financial
Corp. 4.43 7.58 3.38 4.21 0.50 2.59 52.45 46.85
NSSY Norwalk Savings
Society 3.17 7.16 4.08 3.08 0.55 2.50 69.15 63.63
NTMG Nutmeg Federal
S&LA 4.32 7.47 3.35 4.12 1.09 4.08 76.77 70.61
NWEQ Northwest Equity
Corp. 3.89 8.01 4.33 3.68 0.33 2.30 57.50 53.69
NWSB Northwest Savings
Bank, MHC 3.85 7.81 4.12 3.69 0.30 2.31 57.23 53.76
NYB New York Bancorp
Inc. 3.97 7.53 3.67 3.86 0.37 1.77 40.46 34.78
OCFC Ocean Financial
Corp. 3.27 6.81 3.63 3.17 0.18 1.65 49.22 46.40
OCWN Ocwen Financial
Corporation 3.20 8.36 5.70 2.66 0.82 1.40 99.85 99.81
OFCP Ottawa Financial
Corp. 3.30 7.32 4.25 3.07 0.30 2.07 57.17 52.98
OHSL OHSL Financial
PALM Corp. 3.31 7.58 4.33 3.26 0.14 1.91 56.24 54.36
Palfed, Inc. 3.89 8.03 4.36 3.67 0.67 2.92 65.23 58.88
PAMM PacificAmerica
Money Center 10.47 9.65 3.78 5.87 47.26 33.65 62.31 (240.86)
PBCI Pamrapo Bancorp
PBCT Inc. 4.82 7.66 3.09 4.57 0.31 2.55 50.59 47.19
PBIX People's Bank, MHC 3.66 6.88 3.48 3.41 2.27 3.72 64.57 40.94
Patriot Bank Corp. 2.48 7.12 4.69 2.43 0.10 1.64 64.77 63.38
PBKB People's
Bancshares Inc. 3.46 7.23 3.95 3.28 0.24 2.67 75.70 73.90
PBNB People's Savings
Financial Cp. 3.36 7.11 3.89 3.23 0.61 2.18 53.96 45.18
PCBC Perry County
Financial Corp. 2.96 6.83 3.91 2.92 0.05 1.04 34.96 33.73
PCCI Pacific Crest
Capital 4.70 9.43 4.86 4.57 0.12 2.73 54.37 53.13
PDB Piedmont Bancorp
Inc. 3.95 7.73 3.89 3.83 0.24 2.07 50.99 47.98
PEEK Peekskill
Financial Corp. 3.73 6.67 2.98 3.69 0.11 1.78 46.77 45.13
PERM Permanent Bancorp
Inc. 2.77 7.22 4.55 2.66 0.46 2.04 64.00 57.81
PERT Perpetual Bank,
PETE MHC 4.24 8.01 3.91 4.09 1.18 3.20 61.08 49.90
PFDC Primary Bank 3.66 7.17 3.76 3.41 0.60 3.06 74.61 70.13
PFED Peoples Bancorp 3.62 7.55 3.97 3.58 0.22 1.42 37.35 33.45
PFFB Park Bancorp Inc. 3.68 7.05 3.51 3.54 0.13 2.01 56.95 55.39
PFF Bancorp Inc. 2.97 7.22 4.34 2.88 0.39 2.15 64.14 59.32
PFFC Peoples Financial
Corp. 3.63 6.94 3.40 3.54 0.03 2.23 62.39 62.06
PFNC Progress Financial
Corporation 4.33 8.00 3.99 4.02 0.90 3.94 73.58 67.68
PFSB PennFed Financial
Services Inc 2.81 7.13 4.44 2.69 0.16 1.43 42.99 39.67
PFSL Pocahontas FS&LA,
MHC 2.06 6.82 4.87 1.95 0.34 1.20 52.25 43.99
PHBK Peoples Heritage
Finl Group 4.70 7.57 3.28 4.28 0.92 3.21 58.73 49.92
PHFC Pittsburgh Home
Financial Corp 3.33 7.60 4.47 3.13 0.15 2.05 61.93 60.04
PKPS Poughkeepsie
Financial Corp. 3.30 7.54 4.40 3.15 0.39 2.49 67.55 63.56
PLE Pinnacle
Bancshares Inc. 3.49 7.80 4.42 3.37 0.43 2.17 58.38 53.06
PLSK Pulaski Savings
Bank, MHC 2.87 6.19 3.62 2.56 0.06 1.65 62.89 62.07
PMFI Perpetual Midwest
Financial 2.88 7.48 4.72 2.75 0.42 2.24 69.86 65.29
POBS Portsmouth Bank
Shares 4.07 6.94 3.02 3.92 0.12 1.35 33.37 31.41
PRBC Prestige Bancorp
Inc. 3.22 6.80 3.67 3.13 0.24 2.26 67.20 64.73
PROV Provident
Financial Holdings 3.25 7.03 3.93 3.10 0.67 2.70 73.33 67.61
PSBK Progressive Bank
Inc. 4.03 7.71 3.89 3.82 0.39 2.39 53.18 48.42
PSFC Peoples-Sidney
PSFI Financial Corp. 3.27 7.69 4.49 3.20 0.07 1.67 50.92 49.80
PS Financial Inc. 5.61 7.21 2.22 4.99 0.09 1.46 28.78 27.43
PTRS Potters Financial
Corp. 3.43 7.11 3.79 3.33 0.26 2.49 74.27 72.27
PULB Pulaski Bank,
PULS Savings Bk, MHC 3.64 7.45 3.90 3.56 0.24 2.45 64.59 62.18
PVFC Pulse Bancorp 2.80 7.02 4.29 2.73 0.06 1.06 37.46 36.11
PVF Capital Corp. 4.11 8.79 4.70 4.09 0.53 2.38 51.60 45.36
PVSA Parkvale Financial
Corporation 2.94 7.14 4.24 2.90 0.21 1.42 44.91 40.87
PWBC PennFirst Bancorp
Inc. 2.11 6.81 4.75 2.06 0.12 1.16 50.67 47.82
PWBK Pennwood Bancorp
Inc. 4.35 7.70 3.51 4.18 0.23 2.81 63.17 61.17
QCBC Quaker City
QCFB Bancorp Inc. 3.21 7.73 4.61 3.12 0.29 1.98 55.17 50.97
QCF Bancorp Inc. 4.05 7.09 3.07 4.02 0.35 1.82 41.66 36.64
QCSB Queens County
Bancorp Inc. 4.64 8.05 3.54 4.51 0.09 1.93 42.04 40.88
RARB Raritan Bancorp
Inc. 3.78 7.27 3.62 3.66 0.19 2.00 50.82 48.22
RCSB RCSB Financial
Inc. 3.45 7.38 4.18 3.20 1.77 3.00 60.26 38.30
REDF RedFed Bancorp
Inc. 3.51 7.09 3.78 3.32 0.77 2.84 63.79 55.35
RELI Reliance
Bancshares Inc. 4.92 7.34 2.46 4.88 0.02 2.29 46.79 46.59
RELY Reliance Bancorp
Inc. 3.51 7.11 3.79 3.32 0.18 1.80 45.63 42.75
RFED Roosevelt
Financial Group 2.59 7.05 4.56 2.49 0.60 1.28 41.44 27.27
RIVR River Valley
ROSE Bancorp 4.00 7.48 3.59 3.89 0.60 3.12 69.05 64.26
TR Financial Corp. 2.70 7.15 4.50 2.65 0.23 1.37 47.50 43.00
RSLN Roslyn Bancorp
Inc. 3.56 7.01 3.56 3.45 0.25 1.62 43.59 39.54
RVSB Riverview Savings
Bank, MHC 4.40 8.12 4.02 4.10 0.89 2.99 56.55 47.15
Suburban
SBCN Bancorporation
Inc. 2.96 7.44 4.55 2.89 0.29 1.96 63.15 59.41
SBFL SB of the Finger
Lakes, MHC 3.14 7.06 4.01 3.05 0.26 2.63 79.16 77.40
SBOS Boston Bancorp
(The) 2.95 6.88 4.00 2.87 0.15 1.27 42.96 39.99
SCBS Southern Community
Bancshares 3.57 6.94 3.40 3.54 0.18 1.99 53.56 51.19
SCCB S. Carolina
Community Bancshrs 4.03 7.54 3.60 3.94 0.27 2.56 60.70 58.02
SECP Security Capital
SFED Corporation 3.67 7.53 4.00 3.53 0.63 1.95 46.94 37.53
SFS Bancorp Inc. 3.52 7.16 3.74 3.42 0.21 2.70 74.67 73.15
SFFC StateFed Financial
Corporation 3.52 7.77 4.43 3.35 0.10 1.45 46.96 45.38
SFIN Statewide
Financial Corp. 3.83 7.42 3.71 3.72 0.22 2.55 64.64 62.53
SFNB Security First
Network Bank 3.89 5.88 2.61 3.27 6.53 36.98 372.31 916.33
SFSB SuburbFed
Financial Corp. 2.85 7.08 4.31 2.77 0.65 2.49 72.42 65.96
SFSL Security First
SGVB Corp. 3.99 8.18 4.32 3.86 0.26 2.02 48.65 45.25
SGV Bancorp Inc. 2.61 7.12 4.60 2.53 0.24 2.03 72.58 70.01
SHEN First Shenango
SISB Bancorp Inc. 3.21 7.38 4.21 3.17 0.20 1.45 42.13 38.43
SJSB SIS Bancorp Inc. 3.85 7.11 3.46 3.64 0.76 2.87 65.38 58.14
SJS Bancorp 2.86 7.42 4.60 2.81 0.30 1.98 63.58 59.65
SKAN Skaneateles
Bancorp Inc. 3.94 7.62 3.88 3.74 0.62 3.23 73.36 68.96
SKBO First Carnegie
Deposit, MHC NA NA NA NA NA NA NA NA
SMBC Southern Missouri
Bancorp Inc. 3.04 6.94 3.95 2.99 0.32 1.86 59.96 55.64
SMFC Sho-Me Financial
Corp. 3.35 7.77 4.50 3.26 0.44 1.61 43.40 35.77
SOBI Sobieski Bancorp
Inc. 3.40 7.21 3.91 3.29 0.25 2.46 69.43 67.13
SOPN First Savings
Bancorp Inc. 3.89 7.37 3.54 3.83 0.15 1.27 32.10 29.48
SOSA Somerset Savings
Bank 3.93 8.01 4.30 3.71 0.21 2.93 65.87 63.91
SPBC St. Paul Bancorp
Inc. 3.05 6.96 4.04 2.92 0.89 2.15 57.26 44.18
SRN Southern Banc
Company Inc. 2.86 7.02 4.21 2.80 0.06 2.07 70.78 70.15
SSB Scotland Bancorp
Inc 4.68 7.38 2.77 4.61 0.09 1.92 40.75 39.54
SSFC South Street
Financial Corp. 3.61 7.31 3.74 3.56 0.05 1.63 45.02 44.28
SSM Stone Street
Bancorp Inc. 4.94 7.99 3.13 4.86 0.13 1.70 34.14 32.40
STFR St. Francis
Capital Corp. 2.75 7.04 4.47 2.57 0.35 2.01 63.69 58.71
STND Standard Financial
Inc. 2.82 7.05 4.30 2.75 0.17 1.82 61.97 59.59
STSA Sterling Financial
Corp. 3.00 7.67 4.81 2.86 0.53 2.32 63.39 56.60
SVRN Sovereign Bancorp
Inc. 2.56 6.96 4.51 2.45 0.25 1.44 49.03 43.81
SWBI Southwest
Bancshares 3.42 7.44 4.23 3.21 0.18 1.80 56.10 53.66
SWCB Sandwich
Co-operative Bank 3.83 7.17 3.55 3.62 0.50 2.59 59.80 54.29
SZB SouthFirst
TBK Bancshares Inc. 3.80 7.42 3.93 3.49 0.66 3.29 79.13 75.15
Tolland Bank 3.64 7.15 3.69 3.46 0.46 2.78 68.08 63.84
THR Three Rivers
Financial Corp. 3.66 7.36 3.83 3.53 0.52 2.83 69.51 64.99
THRD TF Financial
Corporation 3.31 6.95 3.80 3.15 0.20 2.12 58.81 56.21
TPNZ Tappan Zee
Financial Inc. 3.89 7.36 3.56 3.80 0.12 2.33 58.68 57.41
TRIC Tri-County Bancorp
TSBS Inc. 3.18 7.10 4.01 3.09 0.15 1.69 52.08 49.70
TSH Trenton SB, MHC 3.57 6.78 3.39 3.39 0.27 1.92 49.28 45.19
TWIN Teche Holding Co. 3.42 7.48 4.15 3.33 0.62 2.40 60.93 53.62
Twin City Bancorp 3.79 7.58 3.92 3.66 0.40 2.70 68.49 65.06
UBMT United Financial
Corp. 3.87 7.00 3.26 3.73 0.54 2.05 47.98 40.45
UFRM United Federal
Savings Bank 3.53 7.89 4.56 3.33 1.11 3.38 75.11 66.79
VABF Virginia Beach
Fed. Financial 3.17 7.95 4.85 3.10 0.34 2.59 75.20 72.47
VFFC Virginia First
Financial Corp. 4.01 8.31 4.43 3.87 0.65 3.35 73.67 69.25
WAMU Washington Mutual
Inc. 2.94 7.34 4.53 2.82 0.62 1.71 48.65 37.40
WAYN Wayne Savings &
Loan Co. MHC 3.39 7.50 4.26 3.24 0.20 2.48 72.20 70.48
WBST Webster Financial
WCBI Corporation 3.31 6.99 3.85 3.14 0.51 2.23 57.01 49.98
Westco Bancorp 3.58 7.44 3.95 3.49 0.24 1.58 42.46 38.48
WCFB Webster City
Federal SB, MHC 3.77 7.19 3.50 3.69 0.18 1.44 36.99 33.99
WEFC Wells Financial
Corp. 3.44 7.45 4.05 3.40 0.45 1.87 48.48 41.61
WEHO Westwood Homestead
WES Fin. Corp. 3.69 7.52 3.87 3.66 0.09 1.92 51.21 49.96
Westcorp 3.58 7.42 4.33 3.09 4.93 7.00 86.82 65.79
WFCO Winton Financial
Corp. 3.27 8.04 4.84 3.21 0.12 1.80 54.87 53.16
WFSG Wilshire Financial
Services 1.65 7.38 6.04 1.34 2.99 2.91 78.88 31.75
WFSL Washington Federal
Inc. 3.68 8.07 4.49 3.58 0.06 0.76 18.26 16.98
WHGB WHG Bancshares
Corp. 4.03 7.23 3.37 3.87 0.12 2.51 63.08 61.98
WOFC Western Ohio
Financial Corp. 2.82 7.06 4.40 2.66 0.22 2.31 76.14 74.13
WRNB Warren Bancorp
Inc. 4.80 7.71 3.13 4.58 0.38 3.06 54.00 50.19
WSB Washington Savings
Bank, FSB 2.36 8.00 5.72 2.28 0.23 1.79 76.43 74.07
WSFS WSFS Financial
Corporation 3.51 8.12 4.68 3.44 0.69 2.30 53.90 44.72
WSTR WesterFed
Financial Corp. 3.52 7.37 4.06 3.31 0.55 2.60 65.51 59.81
WVFC WVS Financial
Corporation 3.76 7.59 3.87 3.72 0.11 1.64 42.70 40.95
WWFC Westwood Financial
WYNE Corporation 2.97 6.91 4.02 2.89 0.17 1.35 41.28 37.84
Wayne Bancorp Inc. 3.63 7.25 3.68 3.56 0.22 2.19 60.03 57.60
YFCB Yonkers Financial
Corporation 4.03 7.43 3.48 3.95 0.29 2.25 53.38 49.98
YFED York Financial
Corp. 3.32 7.54 4.41 3.13 0.40 1.89 58.29 52.99
Average 3.51 7.40 4.05 3.34 0.57 2.40 59.23 54.73
Comparable
Thrift
Data
Joachim Bancorp
JOAC Inc. 4.25 7.11 2.95 4.16 0.15 2.96 68.77 67.66
Home Building
HBBI Bancorp 3.51 7.49 4.12 3.37 0.28 2.36 64.51 61.56
CSB Financial
CSBF Group Inc. 2.80 6.04 3.33 2.71 0.23 2.65 86.04 84.83
Mid-Coast Bancorp
MCBN Inc. 4.29 8.34 4.38 3.96 0.34 2.95 68.50 65.82
NSLB NS&L Bancorp Inc. 3.15 6.55 3.48 3.07 0.32 2.27 66.80 63.31
CKFB CKF Bancorp Inc. 3.72 7.41 3.75 3.65 0.10 1.92 43.62 42.08
ALBC Albion Banc Corp. 3.51 7.49 4.13 3.37 0.49 2.76 76.86 73.50
Mississippi View
MIVI Holding Co. 3.85 7.53 3.64 3.89 0.23 2.34 56.76 54.22
AmTrust Capital
ATSB Corp. 2.85 7.03 4.30 2.73 0.47 2.74 85.66 83.20
S. Carolina
SCCB Community Bancshrs 4.03 7.54 3.60 3.94 0.27 2.56 60.70 58.02
Average 3.60 7.25 3.77 3.49 0.29 2.55 67.82 65.42
Maximum 4.29 8.34 4.38 4.16 0.49 2.96 86.04 84.83
Minimum 2.80 6.04 2.95 2.71 0.10 1.92 43.62 42.08
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
BALANCE SHEET GROWTH AS OF THE MOST RECENT QUARTER
- ----------------------------------------------------------------------------------------------
ASSET LOAN DEPOSIT
GROWTH GROWTH GROWTH
RATE RATE RATE
TICKER SHORT NAME (%) (%) (%)
- ------------------------------------------------------------ --------- --------- ----------
%CAL California Federal Bank, a FSB 338.62 354.00 400.67
%CCMD Chevy Chase Bank, FSB (0.65) 0.11 16.65
AABC Access Anytime Bancorp, Inc. (1.35) 17.45 1.61
AADV Advantage Bancorp Inc. (3.79) (3.00) (10.75)
ABBK Abington Bancorp Inc. 4.19 1.73 6.96
ABCL Alliance Bancorp Inc. 386.35 315.42 468.08
ABCW Anchor BanCorp Wisconsin 3.38 9.09 2.06
AFBC Advance Financial Bancorp 13.45 6.24 16.77
AFCB Affiliated Community Bancorp 8.83 8.84 7.75
AFED AFSALA Bancorp Inc. 6.43 NA 8.56
AFFFZ America First Financial Fund (4.71) 7.18 10.87
AHCI Ambanc Holding Co. Inc. 4.82 0.41 17.97
AHM Ahmanson & Company (H.F.) (9.66) (10.80) (4.31)
ALBC Albion Banc Corp. 10.72 1.25 14.96
ALBK ALBANK Financial Corporation (1.12) (0.19) (3.33)
AMFB American Federal Bank FSB (3.48) 8.26 5.16
AMFC AMB Financial Corp. 35.03 9.76 47.42
ANA Acadiana Bancshares Inc. (4.07) 6.53 (3.73)
ANBK American National Bancorp 10.41 19.55 9.69
ANDB Andover Bancorp Inc. 1.59 1.51 17.99
ASBI Ameriana Bancorp 5.45 5.19 4.30
ASBP ASB Financial Corp. (8.62) 10.53 (0.38)
ASFC Astoria Financial Corporation 22.92 19.03 (1.67)
ATSB AmTrust Capital Corp. (6.58) (2.97) 10.48
AVND Avondale Financial Corp. 26.78 72.24 36.32
BANC BankAtlantic Bancorp Inc. 25.72 5.84 (1.87)
BDJI First Federal Bancorporation (7.34) (0.04) (9.95)
BFD BostonFed Bancorp Inc. 58.71 44.56 108.22
BFFC Big Foot Financial Corp. 35.18 3.32 (21.21)
BFSB Bedford Bancshares Inc. 5.88 3.14 6.47
BKC American Bank of Connecticut 21.59 1.25 37.33
BKCO Bankers Corp. 13.32 (22.54) 3.23
BKCT Bancorp Connecticut Inc. (5.41) (0.13) (8.18)
BKUNA BankUnited Financial Corp. 37.35 60.60 60.72
BNKU Bank United Corp. (2.06) 3.77 5.32
BPLS Bank Plus Corp. (4.28) (7.91) 3.37
BSBC Branford Savings Bank (13.27) (5.40) (4.15)
BTHL Bethel Bancorp 3.68 (5.87) (7.28)
BVCC Bay View Capital Corp. (30.99) (30.41) (24.52)
BWFC Bank West Financial Corp. 10.71 13.11 12.37
BYFC Broadway Financial Corp. 5.69 10.54 6.78
CAFI Camco Financial Corp. 2.54 4.30 6.20
CAPS Capital Savings Bancorp Inc. 3.78 5.69 19.73
CASB Cascade Financial Corp. 4.91 27.21 11.10
CASH First Midwest Financial Inc. 0.32 3.39 5.00
CATB Catskill Financial Corp. (2.45) (2.45) 5.95
CBCI Calumet Bancorp Inc. (12.28) (8.56) (12.66)
CBCO CB Bancorp Inc. 53.09 1.67 67.31
CBES CBES Bancorp Inc. 15.48 12.47 38.31
CBK Citizens First Financial Corp. 15.25 14.72 (4.63)
CBNH Community Bankshares Inc. 21.83 14.98 15.06
CBSA Coastal Bancorp Inc. (3.22) (0.68) 1.50
CBSB Charter Financial Inc. 15.54 25.13 25.86
CCFH CCF Holding Company (7.09) 38.45 32.51
CEBK Central Co-operative Bank (1.99) (2.27) (2.18)
CENB Century Bancorp Inc. 7.47 10.97 7.69
CENF CENFED Financial Corp. 14.42 17.84 2.01
CFB Commercial Federal Corporation 1.96 3.51 (0.20)
CFCP Coastal Financial Corp. 27.01 6.25 12.60
CFFC Community Financial Corp. 14.61 15.04 13.50
CFHC California Financial Holding (6.68) 1.87 6.39
CFNC Carolina Fincorp Inc. 5.64 17.09 8.29
CFSB CFSB Bancorp Inc. 2.15 5.89 4.39
CFTP Community Federal Bancorp 0.05 6.27 2.41
CFX CFX Corporation 51.03 13.55 22.93
CIBI Community Investors Bancorp 6.93 10.63 9.46
CKFB CKF Bancorp Inc. 1.30 6.40 0.20
CLAS Classic Bancshares Inc. (23.07) 12.13 (8.16)
CMRN Cameron Financial Corp 12.12 20.97 1.78
CMSB Commonwealth Bancorp Inc. 21.90 7.40 1.65
CMSV Community Savings, MHC 16.55 7.63 18.92
CNBA Chester Bancorp Inc. (9.20) (9.33) (4.85)
CNIT CENIT Bancorp Inc. (0.17) 18.74 (8.53)
CNSB CNS Bancorp Inc. 2.56 2.04 2.10
CNY Carver Bancorp Inc. 55.21 363.82 4.70
COFD Collective Bancorp Inc. (1.90) 0.85 (6.11)
COFI Charter One Financial 3.91 18.20 (0.09)
CONE Conestoga Bancorp, Inc. 4.86 (4.86) 5.85
COOP Cooperative Bankshares Inc. 8.44 17.97 2.95
COVB CoVest Bancshares Inc. 8.42 10.88 4.68
CRZY Crazy Woman Creek Bancorp (4.19) 14.04 (12.91)
CSA Coast Savings Financial 4.23 12.09 8.61
CSBF CSB Financial Group Inc. 3.95 (4.04) 4.52
CTZN CitFed Bancorp Inc. 2.62 14.66 19.25
CVAL Chester Valley Bancorp Inc. 20.70 4.59 (0.42)
CZF CitiSave Financial Corp (1.83) (1.93) (1.06)
DCBI Delphos Citizens Bancorp Inc. 1.74 14.61 (0.36)
DFIN Damen Financial Corp. (13.37) 5.53 (8.15)
DIBK Dime Financial Corp. 33.61 (7.46) 42.78
DIME Dime Community Bancorp Inc. 1.70 25.43 5.87
DME Dime Bancorp Inc. (8.59) 5.93 (0.21)
DNFC D & N Financial Corp. 15.05 9.71 18.00
DSL Downey Financial Corp. 22.03 21.08 30.80
EBCP Eastern Bancorp (0.09) (3.29) 7.92
EBSI Eagle Bancshares 14.97 18.04 2.61
EFBC Empire Federal Bancorp Inc. NA NA NA
EFBI Enterprise Federal Bancorp 16.73 20.44 (0.08)
EGFC Eagle Financial Corp. 14.81 11.82 6.16
EGLB Eagle BancGroup Inc. (4.95) 24.40 (5.10)
EIRE Emerald Isle Bancorp Inc. 2.44 19.64 12.66
EMLD Emerald Financial Corp. 14.90 17.54 14.71
EQSB Equitable Federal Savings Bank 13.07 7.56 15.72
ESBK Elmira Savings Bank (The) (0.40) 7.43 (4.57)
ESX Essex Bancorp Inc. 13.00 17.91 18.22
ETFS East Texas Financial Services (6.16) 11.99 (9.01)
FAB FirstFed America Bancorp Inc. 3.39 19.11 20.64
FBBC First Bell Bancorp Inc. 32.20 15.66 10.96
FBCI Fidelity Bancorp Inc. 1.57 6.57 3.59
FBCV 1ST Bancorp 17.39 (1.48) 34.88
FBER 1st Bergen Bancorp 8.45 (6.42) 9.00
FBHC Fort Bend Holding Corp. 23.76 57.53 19.66
FBSI First Bancshares Inc. 7.73 11.95 4.84
FCB Falmouth Co-Operative Bank 7.91 28.27 12.11
FCBF FCB Financial Corp. (1.12) 3.37 4.43
FCIT First Citizens Financial Corp. 3.85 4.59 4.13
FCME First Coastal Corporation 9.23 6.44 5.31
FDEF First Defiance Financial 1.95 5.16 (4.46)
FED FirstFed Financial Corp. (1.36) 3.09 15.60
FESX First Essex Bancorp Inc. 29.87 4.31 8.55
FFBA First Colorado Bancorp Inc. (1.21) 9.26 6.56
FFBH First Federal Bancshares of AR 11.09 7.34 8.09
FFBI First Financial Bancorp Inc. (5.83) (7.40) 11.88
FFBS FFBS BanCorp Inc. 4.88 13.26 4.98
FFBZ First Federal Bancorp Inc. 5.55 6.56 6.98
FFCH First Financial Holdings Inc. 4.99 9.17 1.20
FFDB FirstFed Bancorp Incorporated (2.83) 4.81 (0.54)
FFDF FFD Financial Corp. (4.05) 13.06 1.61
FFED Fidelity Federal Bancorp (15.20) (2.83) (5.16)
FFES First Federal of East Hartford 6.74 6.87 10.50
FFFC FFVA Financial Corp. 11.95 4.35 9.44
FFFD North Central Bancshares Inc. 0.80 7.53 8.18
FFFG F.F.O. Financial Group Inc. 3.89 1.77 (1.75)
FFFL Fidelity Bankshares Inc., MHC 23.24 15.94 28.29
FFHC First Financial Corp. 7.58 (1.18) 4.34
FFHH FSF Financial Corp. 5.45 16.02 18.36
FFHS First Franklin Corporation 7.08 7.27 8.57
FFIC Flushing Financial Corp. 18.49 42.04 9.21
FFKY First Federal Financial Corp. 5.70 4.39 15.29
FFLC FFLC Bancorp Inc. 13.97 28.12 12.39
FFOH Fidelity Financial of Ohio 10.53 16.54 11.60
FFPB First Palm Beach Bancorp Inc. 14.71 4.90 16.87
FFSL First Independence Corp. 1.16 3.03 22.83
FFSW FirstFederal Financial Svcs 2.87 (1.80) (5.50)
FFSX First Fed SB of Siouxland, MHC 4.83 2.77 0.05
FFWC FFW Corp. 0.61 9.04 1.33
FFWD Wood Bancorp Inc. 9.53 14.07 4.83
FFYF FFY Financial Corp. 11.22 0.98 (11.22)
FGHC First Georgia Holding Inc. (9.18) 7.03 (15.88)
FIBC Financial Bancorp Inc. 15.58 3.61 5.26
FISB First Indiana Corporation (4.08) 3.26 (6.76)
FKFS First Keystone Financial 5.08 6.78 2.23
FKKY Frankfort First Bancorp Inc. (4.87) 10.65 (7.69)
FLAG FLAG Financial Corp. 0.21 (13.26) 10.14
FLFC First Liberty Financial Corp. 11.66 3.12 5.96
FLGS Flagstar Bancorp Inc. 68.41 78.12 91.47
FLKY First Lancaster Bancshares 38.96 29.59 4.07
FMBD First Mutual Bancorp Inc. 111.91 25.71 265.84
FMCO FMS Financial Corporation 8.78 4.32 18.66
FMSB First Mutual Savings Bank 9.08 (1.13) 10.28
FNGB First Northern Capital Corp. 1.56 (1.78) 7.91
FOBC Fed One Bancorp 5.05 30.37 5.70
FPRY First Financial Bancorp 15.07 16.41 12.26
FRC First Republic Bancorp 4.98 3.25 7.31
FSBI Fidelity Bancorp Inc. 9.44 7.08 1.74
FSFC First Southeast Financial Corp 10.72 10.10 6.73
FSLA First Savings Bank, MHC 15.24 8.74 5.86
FSNJ First Savings Bk of NJ, MHC (43.80) 0.85 (1.68)
FSPG First Home Bancorp Inc. 7.90 6.76 6.81
FSSB First FS&LA of San Bernardino 12.49 (10.05) 13.89
FSTC First Citizens Corporation 2.10 10.58 (2.45)
FTF Texarkana First Financial Corp 11.06 9.69 10.36
FTFC First Federal Capital Corp. 3.91 7.76 11.57
FTNB Fulton Bancorp Inc. 0.01 (5.46) (3.72)
FTSB Fort Thomas Financial Corp. 15.68 15.23 21.11
FWWB First SB of Washington Bancorp 12.71 20.62 5.23
GAF GA Financial Inc. 22.90 (0.97) 5.14
GBCI Glacier Bancorp Inc. 4.67 2.22 1.86
GDVS Greater Delaware Valley SB,MHC 4.11 10.36 0.61
GDW Golden West Financial 8.47 7.90 15.28
GFCO Glenway Financial Corp. 3.00 6.70 (2.16)
GFED Guaranty Federal SB, MHC 10.72 9.48 (1.92)
GFSB GFS Bancorp Inc. 2.41 0.64 (0.88)
GLBK Glendale Co-Operative Bank (0.22) (0.88) (1.02)
GLN Glendale Federal Bank FSB 7.02 5.24 18.49
GPT GreenPoint Financial Corp. (1.93) 21.64 (7.75)
GRTR Greater New York Savings Bank 4.51 (1.97) 0.18
GSBC Great Southern Bancorp Inc. 5.78 9.72 87.91
GSFC Green Street Financial Corp. (4.12) 2.44 (9.88)
GSLA GS Financial Corp. 218.34 5.44 312.08
GTFN Great Financial Corporation 14.49 3.88 6.98
GTPS Great American Bancorp 16.71 23.37 26.41
GUPB GFSB Bancorp Inc. 25.12 21.60 10.63
GWBC Gateway Bancorp Inc. (3.81) 19.48 (6.81)
GWF Great Western Financial 0.03 5.07 (5.99)
HALL Hallmark Capital Corp. 12.58 27.47 13.53
HARB Harbor Federal Savings Bk, MHC 16.82 7.39 16.86
HARL Harleysville Savings Bank 10.27 3.65 14.76
HARS Harris Savings Bank, MHC 39.64 8.08 0.70
HAVN Haven Bancorp Inc. 36.44 38.86 9.05
HBBI Home Building Bancorp 20.11 (2.40) 27.10
HBEI Home Bancorp of Elgin Inc. 2.65 0.77 1.97
HBFW Home Bancorp 3.22 6.58 2.47
HBNK Highland Federal Bank FSB (7.77) 11.02 (37.35)
HBS Haywood Bancshares Inc. 47.15 3.76 21.97
HCBB HCB Bancshares Inc. NA NA NA
HCFC Home City Financial Corp. 0.56 23.09 1.90
HEMT HF Bancorp Inc. (11.19) 12.34 (2.67)
HFFB Harrodsburg First Fin Bancorp 4.24 5.20 4.66
HFFC HF Financial Corp. 6.19 (8.70) 4.39
HFGI Harrington Financial Group (9.11) 26.38 (3.04)
HFNC HFNC Financial Corp. (26.04) 15.97 3.52
HFSA Hardin Bancorp Inc. 26.14 17.23 13.76
HHFC Harvest Home Financial Corp. (2.66) 11.13 (1.32)
HIFS Hingham Instit. for Savings 8.10 12.80 12.01
HMCI HomeCorp Inc. 0.74 0.96 (1.50)
HMLK Hemlock Federal Financial Corp 49.42 0.35 (1.67)
HMNF HMN Financial Inc. (1.23) (8.54) 1.82
HOMF Home Federal Bancorp 8.13 11.54 6.90
HPBC Home Port Bancorp Inc. (1.53) 10.54 (23.30)
HRBF Harbor Federal Bancorp Inc. 1.25 7.59 8.99
HRZB Horizon Financial Corp. 8.55 (11.09) 7.25
HTHR Hawthorne Financial Corp. (4.35) 15.14 (5.40)
HVFD Haverfield Corporation (5.99) 0.55 (8.38)
HWEN Home Financial Bancorp 4.23 39.51 (6.68)
HZFS Horizon Financial Svcs Corp. 23.36 5.44 7.17
IBSF IBS Financial Corp. (6.79) 16.17 (3.31)
IFSB Independence Federal Savings 3.23 10.79 (5.26)
IFSL Indiana Federal Corporation (8.65) (5.89) (13.14)
INBI Industrial Bancorp 8.86 8.19 2.98
INCB Indiana Community Bank SB 9.48 (5.47) 11.40
IPSW Ipswich Savings Bank 16.53 13.87 25.76
ISBF ISB Financial Corporation 4.18 14.36 4.81
ITLA ITLA Capital Corp. 0.03 1.86 (0.45)
IWBK InterWest Bancorp Inc. 16.04 21.59 7.39
JOAC Joachim Bancorp Inc. 6.22 (4.27) 12.65
JSBA Jefferson Savings Bancorp 51.86 38.64 55.28
JSBF JSB Financial Inc. 3.93 8.48 (1.19)
JXSB Jacksonville Savings Bank, MHC 59.83 32.13 66.58
JXVL Jacksonville Bancorp Inc. 0.13 8.91 5.56
KFBI Klamath First Bancorp 6.38 16.35 12.96
KNK Kankakee Bancorp Inc. (9.43) (8.16) 1.35
KSAV KS Bancorp Inc. (0.34) 17.61 (1.63)
KSBK KSB Bancorp Inc. 16.78 8.68 (15.58)
KYF Kentucky First Bancorp Inc. 4.78 9.98 0.40
LARK Landmark Bancshares Inc. 3.28 17.01 19.15
LARL Laurel Capital Group Inc. 12.06 (2.69) 2.32
LFBI Little Falls Bancorp Inc. (0.18) 16.77 (1.34)
LFED Leeds Federal Savings Bk, MHC 5.16 25.81 2.84
LIFB Life Bancorp Inc. (3.35) 10.63 3.49
LISB Long Island Bancorp Inc. 3.82 15.33 0.66
LOGN Logansport Financial Corp. 8.39 0.66 13.89
LONF London Financial Corporation 6.69 15.67 7.14
LSBI LSB Financial Corp. 7.41 5.46 32.43
LSBX Lawrence Savings Bank 4.95 5.91 10.76
LVSB Lakeview Financial 8.35 NA 13.52
LXMO Lexington B&L Financial Corp. (12.34) (6.41) 0.21
MAFB MAF Bancorp Inc. 0.76 7.67 5.10
MARN Marion Capital Holdings (3.16) 1.62 (8.95)
MASB MASSBANK Corp. 5.80 3.12 3.36
MBB MSB Bancorp Inc. (4.99) 5.52 (2.77)
MBBC Monterey Bay Bancorp Inc. (3.18) 2.02 (1.08)
MBLF MBLA Financial Corp. 1.69 14.13 27.48
MBSP Mitchell Bancorp Inc. (3.61) 9.07 (4.29)
MCBN Mid-Coast Bancorp Inc. 13.45 19.25 (1.97)
MCBS Mid Continent Bancshares Inc. 17.60 13.46 15.32
MDBK Medford Savings Bank 5.77 1.76 3.37
MECH Mechanics Savings Bank 22.41 17.12 (9.81)
MERI Meritrust Federal SB 3.53 9.07 2.04
METF Metropolitan Financial Corp. 19.75 17.10 23.69
MFBC MFB Corp. 18.48 20.53 4.32
MFCX Marshalltown Financial Corp. 3.76 8.32 1.46
MFFC Milton Federal Financial Corp. 6.95 14.33 11.92
MFLR Mayflower Co-operative Bank 14.08 3.16 7.08
MFSL Maryland Federal Bancorp (0.45) 1.44 (6.57)
MGNL Magna Bancorp Inc. 12.26 (1.45) 4.54
MIFC Mid-Iowa Financial Corp. 22.23 14.58 34.55
MIVI Mississippi View Holding Co. (3.26) 1.41 (2.83)
MLBC ML Bancorp Inc. 18.08 9.34 18.97
MRKF Market Financial Corporation 92.84 29.88 (14.01)
MSBF MSB Financial Inc. 54.64 19.96 0.56
MSBK Mutual Savings Bank FSB (1.29) 21.43 (2.73)
MWBI Midwest Bancshares Inc. 7.57 6.79 9.91
MWBX MetroWest Bank 24.76 34.30 15.74
MWFD Midwest Federal Financial 9.72 9.53 11.23
NASB North American Savings Bank (26.77) (25.88) 5.36
NBN Northeast Bancorp 15.21 19.97 32.77
NBSI North Bancshares Inc. 8.64 3.90 (8.08)
NEIB Northeast Indiana Bancorp 7.86 12.15 29.61
NHTB New Hampshire Thrift Bncshrs 73.61 71.39 94.29
NASB NewMil Bancorp Inc. 6.61 13.19 7.67
NSBC NewSouth Bancorp, Inc. 112.14 50.52 125.85
NSLB NS&L Bancorp Inc. (2.09) 4.80 2.31
NSSB Norwich Financial Corp. 10.50 9.80 12.92
NSSY Norwalk Savings Society 18.85 12.91 (1.50)
NTMG Nutmeg Federal S&LA 1.49 2.87 (4.05)
NWEQ Northwest Equity Corp. (5.89) (3.06) (5.66)
NWSB Northwest Savings Bank, MHC 17.91 12.38 20.45
NYB New York Bancorp Inc. 6.79 8.88 2.00
OCFC Ocean Financial Corp. 25.76 11.42 4.68
OCWN Ocwen Financial Corporation 26.70 51.94 38.98
OFCP Ottawa Financial Corp. 5.01 3.89 8.66
OHSL OHSL Financial Corp. 26.23 13.35 9.81
PALM Palfed, Inc. (5.74) 6.21 8.38
PAMM PacificAmerica Money Center (9.03) 48.64 (36.33)
PBCI Pamrapo Bancorp Inc. 4.90 (4.20) 0.12
PBCT People's Bank, MHC (5.60) (13.48) 16.54
PBIX Patriot Bank Corp. 49.05 20.86 44.70
PBKB People's Bancshares Inc. 42.44 (16.04) (9.41)
PBNB People's Savings Financial Cp. (2.73) 5.47 2.00
PCBC Perry County Financial Corp. (3.45) 8.25 (1.59)
PCCI Pacific Crest Capital 50.86 8.99 28.66
PDB Piedmont Bancorp Inc. (21.00) 1.10 4.78
PEEK Peekskill Financial Corp. (10.54) 5.74 6.45
PERM Permanent Bancorp Inc. (8.24) 0.13 (0.64)
PERT Perpetual Bank, MHC 40.67 34.97 41.90
PETE Primary Bank 7.78 11.91 4.09
PFDC Peoples Bancorp 4.14 1.71 4.18
PFED Park Bancorp Inc. (0.48) (2.99) (1.62)
PFFB PFF Bancorp Inc. 1.77 3.88 6.64
PFFC Peoples Financial Corp. 1.99 18.09 2.94
PFNC Progress Financial Corporation 17.07 28.50 4.82
PFSB PennFed Financial Services Inc 12.76 28.02 5.66
PFSL Pocahontas FS&LA, MHC 0.19 8.91 33.03
PHBK Peoples Heritage Finl Group 4.42 1.46 (3.75)
PHFC Pittsburgh Home Financial Corp 33.48 29.76 5.02
PKPS Poughkeepsie Financial Corp. 1.14 6.40 5.48
PLE Pinnacle Bancshares Inc. 8.39 16.52 9.00
PLSK Pulaski Savings Bank, MHC 79.09 NA 3.73
PMFI Perpetual Midwest Financial 9.52 (3.79) 8.77
POBS Portsmouth Bank Shares (12.79) (10.96) (8.11)
PRBC Prestige Bancorp Inc. 42.54 31.44 16.49
PROV Provident Financial Holdings 11.85 11.49 12.98
PSBK Progressive Bank Inc. 1.14 1.42 0.35
PSFC Peoples-Sidney Financial Corp. 6.23 4.89 0.75
PSFI PS Financial Inc. (0.08) (3.71) (3.18)
PTRS Potters Financial Corp. 9.63 29.27 2.82
PULB Pulaski Bank, Savings Bk, MHC 3.15 7.20 2.68
PULS Pulse Bancorp 4.90 (9.95) 8.25
PVFC PVF Capital Corp. 9.98 11.72 (6.62)
PVSA Parkvale Financial Corporation 11.55 31.60 12.22
PWBC PennFirst Bancorp Inc. 4.29 5.84 4.37
PWBK Pennwood Bancorp Inc. 10.47 15.91 16.01
QCBC Quaker City Bancorp Inc. 8.57 (0.13) 18.63
QCFB QCF Bancorp Inc. 7.39 NA 8.18
QCSB Queens County Bancorp Inc. 4.31 9.11 (0.52)
RARB Raritan Bancorp Inc. (0.27) 19.91 (0.85)
RCSB RCSB Financial Inc. 1.80 (0.46) (0.05)
REDF RedFed Bancorp Inc. 11.86 21.16 3.96
RELI Reliance Bancshares Inc. 20.01 33.61 2.63
RELY Reliance Bancorp Inc. 10.35 10.52 9.59
RFED Roosevelt Financial Group (14.78) (1.03) (3.02)
RIVR River Valley Bancorp (19.83) (0.94) (22.27)
ROSE TR Financial Corp. 17.76 12.30 10.22
RSLN Roslyn Bancorp Inc. (84.97) 96.33 (47.40)
RVSB Riverview Savings Bank, MHC (0.16) 10.37 4.01
SBCN Suburban Bancorporation Inc. 5.84 9.92 13.90
SBFL SB of the Finger Lakes, MHC 24.73 14.70 12.22
SBOS Boston Bancorp (The) (36.27) (23.33) 3.59
SCBS Southern Community Bancshares (11.34) 0.97 (11.58)
SCCB S. Carolina Community Bancshrs 4.29 3.05 6.45
SECP Security Capital Corporation (1.20) 3.71 5.36
SFED SFS Bancorp Inc. 9.59 0.35 10.69
SFFC StateFed Financial Corporation 11.95 (2.25) 20.29
SFIN Statewide Financial Corp. 26.00 2.67 1.42
SFNB Security First Network Bank (107.40) (308.28) (145.86)
SFSB SuburbFed Financial Corp. 3.67 12.85 21.18
SFSL Security First Corp. 6.71 12.32 (0.86)
SGVB SGV Bancorp Inc. 32.40 4.88 53.93
SHEN First Shenango Bancorp Inc. (4.80) (2.92) 2.52
SISB SIS Bancorp Inc. 16.35 4.18 15.41
SJSB SJS Bancorp 6.34 6.13 8.71
SKAN Skaneateles Bancorp Inc. (1.25) 1.12 0.72
SKBO First Carnegie Deposit, MHC NA NA NA
SMBC Southern Missouri Bancorp Inc. 15.12 12.75 18.77
SMFC Sho-Me Financial Corp. 8.72 15.20 20.62
SOBI Sobieski Bancorp Inc. 0.52 16.92 0.07
SOPN First Savings Bancorp Inc. 7.87 5.41 11.46
SOSA Somerset Savings Bank 3.72 (0.26) 3.78
SPBC St. Paul Bancorp Inc. 11.72 19.33 6.97
SRN Southern Banc Company Inc. (1.01) NA (2.00)
SSB Scotland Bancorp Inc 5.04 10.83 6.78
SSFC South Street Financial Corp. 17.97 (0.88) 0.89
SSM Stone Street Bancorp Inc. (1.19) 10.06 (1.72)
STFR St. Francis Capital Corp. 48.15 37.00 55.55
STND Standard Financial Inc. 13.91 7.19 13.61
STSA Sterling Financial Corp. 5.43 14.39 14.77
SVRN Sovereign Bancorp Inc. 36.19 26.10 54.16
SWBI Southwest Bancshares (11.31) 7.51 (3.34)
SWCB Sandwich Co-operative Bank 9.20 18.89 (3.52)
SZB SouthFirst Bancshares Inc. (0.86) 4.35 (5.43)
TBK Tolland Bank 8.66 (0.92) 6.08
THR Three Rivers Financial Corp. 8.49 7.37 (2.48)
THRD TF Financial Corporation (2.15) 10.92 (6.97)
TPNZ Tappan Zee Financial Inc. 17.53 (6.57) 19.93
TRIC Tri-County Bancorp Inc. 0.41 0.77 3.11
TSBS Trenton SB, MHC 16.86 0.39 (5.22)
TSH Teche Holding Co. 4.78 4.34 12.46
TWIN Twin City Bancorp (2.95) (6.86) (0.97)
UBMT United Financial Corp. 14.97 4.96 (8.47)
UFRM United Federal Savings Bank 14.39 17.64 9.82
VABF Virginia Beach Fed. Financial 0.81 7.66 (11.31)
VFFC Virginia First Financial Corp. 4.34 6.36 10.44
WAMU Washington Mutual Inc. 13.46 24.81 3.63
WAYN Wayne Savings & Loan Co. MHC (1.27) 0.86 (0.88)
WBST Webster Financial Corporation 170.11 138.84 123.82
WCBI Westco Bancorp (1.38) 5.23 (1.35)
WCFB Webster City Federal SB, MHC (2.78) (8.36) (7.07)
WEFC Wells Financial Corp. 1.11 1.85 (1.13)
WEHO Westwood Homestead Fin. Corp. 33.36 47.02 (0.02)
WES Westcorp 8.48 21.99 7.48
WFCO Winton Financial Corp. 20.41 23.56 14.67
WFSG Wilshire Financial Services 182.66 331.67 (30.80)
WFSL Washington Federal Inc. (5.47) 0.77 8.38
WHGB WHG Bancshares Corp. 10.83 0.87 (0.07)
WOFC Western Ohio Financial Corp. 7.43 12.60 8.97
WRNB Warren Bancorp Inc. 2.58 (2.71) 2.39
WSB Washington Savings Bank, FSB 2.48 6.04 5.09
WSFS WSFS Financial Corporation 35.50 13.10 6.97
WSTR WesterFed Financial Corp. 261.75 253.22 338.02
WVFC WVS Financial Corporation 5.76 2.66 0.12
WWFC Westwood Financial Corporation 10.98 1.93 12.20
WYNE Wayne Bancorp Inc. 2.22 20.99 4.37
YFCB Yonkers Financial Corporation 34.00 14.93 7.34
YFED York Financial Corp. (0.92) (6.39) 14.77
Average 11.94 13.04 11.61
Comparable
Thrift
Data
JOAC Joachim Bancorp Inc. 6.22 (4.27) 12.65
HBBI Home Building Bancorp 20.11 (2.40) 27.10
CSBF CSB Financial Group Inc. 3.95 (4.04) 4.52
MCBN Mid-Coast Bancorp Inc. 13.45 19.25 (1.97)
NSLB NS&L Bancorp Inc. (2.09) 4.80 2.31
CKFB CKF Bancorp Inc. 1.30 6.40 0.20
ALBC Albion Banc Corp. 10.72 1.25 14.96
MIVI Mississippi View Holding Co. (3.26) 1.41 (2.83)
ATSB AmTrust Capital Corp. (6.58) (2.97) 10.48
SCCB S. Carolina Community Bancshrs 4.29 3.05 6.45
Average 4.81 2.25 7.39
Maximum 20.11 19.25 27.10
Minimum (6.58) (4.27) (2.83)
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
MRQ MRQ MRQ MRQ MRQ PUBLICLY MRQ TANGIBLE
MARKET PRICE PRICE PRICE REPORTED PUBLICLY REP
VALUE PER SHARE HIGH LOW BOOK VALUE BOOK VALUE
TICKER SHORT NAME ($) ($) ($) ($) ($) ($)
- -------------------------------------------------- -------- --------- ----- ----- ------------ ------------
%CAL...... California Federal Bank, a FSB NA NA NA NA NA NA
%CCMD..... Chevy Chase Bank, FSB NA NA NA NA NA NA
AABC...... Access Anytime Bancorp, Inc. 6.86 6.13 6.25 5.25 6.34 6.34
AADV...... Advantage Bancorp Inc. 124.42 40.25 41.25 31.75 27.93 25.87
ABBK...... Abington Bancorp Inc. 46.87 21.00 22.75 19.00 17.86 15.99
ABCL...... Alliance Bancorp Inc. 158.54 29.00 31.25 24.75 22.93 22.63
ABCW...... Anchor BanCorp Wisconsin 198.14 44.25 47.00 35.50 25.73 25.22
AFBC...... Advance Financial Bancorp 15.12 14.00 14.50 12.75 14.75 14.75
AFCB...... Affiliated Community Bancorp 158.38 19.00 21.90 17.30 16.23 16.13
AFED...... AFSALA Bancorp Inc. 20.18 13.50 14.25 12.00 15.66 15.62
AFFFZ..... America First Financial Fund 228.40 31.13 34.50 28.75 28.43 28.03
AHCI...... Ambanc Holding Co. Inc. 64.78 13.38 14.38 11.38 13.85 13.85
AHM....... Ahmanson & Company (H.F.) 4,463.93 36.38 44.88 32.00 19.05 16.08
ALBC...... Albion Banc Corp. 6.05 18.50 19.00 16.50 23.62 23.62
ALBK...... ALBANK Financial Corporation 472.27 36.38 37.50 30.50 25.10 21.77
AMFB...... American Federal Bank FSB 343.94 27.00 29.75 18.88 10.64 9.92
AMFC...... AMB Financial Corp. 13.73 13.81 14.25 12.75 14.29 14.29
ANA....... Acadiana Bancshares Inc. 53.94 18.75 19.25 14.88 16.70 16.70
ANBK...... American National Bancorp 54.20 14.38 14.75 12.63 13.08 13.08
ANDB...... Andover Bancorp Inc. 151.88 26.63 29.50 25.00 18.96 18.96
ASBI...... Ameriana Bancorp 50.22 15.50 16.38 15.50 13.38 13.37
ASBP...... ASB Financial Corp. 21.09 11.50 13.00 11.50 10.62 10.62
ASFC...... Astoria Financial Corporation 898.84 36.00 43.13 36.00 27.51 22.89
ATSB...... AmTrust Capital Corp. 6.71 12.13 12.25 10.00 13.72 13.57
AVND...... Avondale Financial Corp. 46.71 17.00 18.50 16.00 14.88 14.88
BANC...... BankAtlantic Bancorp Inc. 325.56 12.63 13.70 10.40 8.23 6.70
BDJI...... First Federal Bancorporation 13.31 18.50 19.25 17.50 17.18 17.18
BFD....... BostonFed Bancorp Inc. 100.99 15.13 17.13 14.38 15.02 14.50
BFFC...... Big Foot Financial Corp. 39.26 13.75 14.25 12.31 14.28 14.28
BFSB...... Bedford Bancshares Inc. 23.06 19.25 20.00 17.50 17.43 17.43
BKC....... American Bank of Connecticut 81.43 31.00 32.88 27.38 20.39 19.49
BKCO...... Bankers Corp. 315.99 24.88 25.50 20.38 15.98 15.72
BKCT...... Bancorp Connecticut Inc. 65.82 23.25 24.13 21.50 16.81 16.81
BKUNA..... BankUnited Financial Corp. 82.44 10.50 11.25 9.25 7.33 5.89
BNKU...... Bank United Corp. 1,109.80 29.50 33.00 24.25 18.01 17.61
BPLS...... Bank Plus Corp. 191.60 10.38 13.75 10.38 8.88 8.86
BSBC...... Branford Savings Bank 27.06 3.81 4.25 3.73 2.58 2.58
BTHL...... Bethel Bancorp 15.15 13.25 13.25 11.00 13.71 11.51
BVCC...... Bay View Capital Corp. 329.12 25.50 28.63 20.63 14.82 14.09
BWFC...... Bank West Financial Corp. 23.63 11.50 12.13 10.50 12.62 12.62
BYFC...... Broadway Financial Corp. 9.60 10.75 11.25 9.25 14.27 14.27
CAFI...... Camco Financial Corp. 56.64 18.00 18.75 14.75 14.96 13.76
CAPS...... Capital Savings Bancorp Inc. 32.63 13.75 14.75 12.75 10.89 10.89
CASB...... Cascade Financial Corp. 39.03 17.00 17.50 15.50 10.59 10.59
CASH...... First Midwest Financial Inc. 45.24 17.38 17.50 15.25 15.18 13.43
CATB...... Catskill Financial Corp. 79.91 16.38 16.50 13.75 14.70 14.70
CBCI...... Calumet Bancorp Inc. 80.34 35.63 37.00 32.50 35.23 35.23
CBCO...... CB Bancorp Inc. 39.52 23.75 25.50 20.00 17.21 17.21
CBES...... CBES Bancorp Inc. 17.30 16.81 17.50 14.00 17.08 17.08
CBK....... Citizens First Financial Corp. 43.38 15.25 15.75 13.88 15.91 15.91
CBNH...... Community Bankshares Inc. 92.75 33.00 33.88 20.25 16.80 16.80
CBSA...... Coastal Bancorp Inc. 137.88 25.75 28.25 22.38 19.35 16.34
CBSB...... Charter Financial Inc. 71.74 16.75 17.25 12.50 13.22 11.60
CCFH...... CCF Holding Company 12.98 16.25 16.38 14.75 14.38 14.38
CEBK...... Central Co-operative Bank 34.14 17.50 18.50 14.75 16.94 15.03
CENB...... Century Bancorp Inc. 28.11 69.50 71.00 62.00 73.45 73.45
CENF...... CENFED Financial Corp. 179.30 30.23 31.82 25.91 20.05 20.01
CFB....... Commercial Federal Corporation 772.46 33.75 39.00 31.13 18.99 16.90
CFCP...... Coastal Financial Corp. 106.06 16.50 19.13 14.44 6.37 6.37
CFFC...... Community Financial Corp. 28.63 20.75 22.50 20.50 18.04 18.04
CFHC...... California Financial Holding 140.59 29.00 29.25 28.75 19.22 19.14
CFNC...... Carolina Fincorp Inc. 26.85 14.50 15.25 13.31 13.91 13.91
CFSB...... CFSB Bancorp Inc. 122.07 19.32 20.00 17.27 12.32 12.32
CFTP...... Community Federal Bancorp 74.94 17.88 20.00 16.75 16.13 16.13
CFX....... CFX Corporation 238.16 16.88 18.50 15.13 10.25 9.55
CIBI...... Community Investors Bancorp 12.18 17.25 18.25 15.50 17.73 17.73
CKFB...... CKF Bancorp Inc. 17.85 18.00 20.25 17.50 16.59 16.59
CLAS...... Classic Bancshares Inc. 19.18 11.63 12.13 11.25 14.48 12.17
CMRN...... Cameron Financial Corp 44.40 16.00 17.00 15.50 16.92 16.92
CMSB...... Commonwealth Bancorp Inc. 264.96 15.13 16.00 14.63 12.50 9.60
CMSV...... Community Savings, MHC 107.02 19.63 20.50 18.50 15.57 15.57
CNBA...... Chester Bancorp Inc. 33.28 14.50 15.38 13.13 14.50 14.50
CNIT...... CENIT Bancorp Inc. 73.85 43.75 46.00 40.00 30.58 27.97
CNSB...... CNS Bancorp Inc. 26.45 15.75 17.50 15.00 14.73 14.73
CNY....... Carver Bancorp Inc. 24.30 9.63 10.38 8.38 14.76 14.13
COFD...... Collective Bancorp Inc. 911.16 38.63 42.63 34.00 18.89 17.09
COFI...... Charter One Financial 2,259.01 43.88 49.50 41.13 20.53 19.10
CONE...... Conestoga Bancorp, Inc. NA 20.63 20.78 20.13 17.58 17.58
COOP...... Cooperative Bankshares Inc. 31.33 21.00 21.50 20.00 17.49 17.49
COVB...... CoVest Bancshares Inc. 54.32 17.75 18.25 16.75 16.36 15.59
CRZY...... Crazy Woman Creek Bancorp 13.19 13.75 14.25 11.88 14.42 14.42
CSA....... Coast Savings Financial 850.61 39.63 48.75 35.88 23.45 23.13
CSBF...... CSB Financial Group Inc. 11.77 11.38 11.38 10.00 12.78 12.05
CTZN...... CitFed Bancorp Inc. 320.84 35.13 37.25 31.50 21.59 19.23
CVAL...... Chester Valley Bancorp Inc. 40.56 17.25 17.50 14.80 12.72 12.72
CZF....... CitiSave Financial Corp 19.24 19.50 19.63 13.63 12.95 12.95
DCBI...... Delphos Citizens Bancorp Inc. 28.93 13.25 14.50 12.00 14.89 14.89
DFIN...... Damen Financial Corp. 46.27 14.38 14.75 12.63 14.12 14.12
DIBK...... Dime Financial Corp. 121.34 18.00 21.25 17.25 12.41 11.96
DIME...... Dime Community Bancorp Inc. 234.63 18.75 19.63 14.50 14.53 12.47
DME....... Dime Bancorp Inc. 1,828.88 15.38 17.88 14.63 10.01 9.92
DNFC...... D & N Financial Corp. 149.68 18.13 18.50 16.38 10.56 10.44
DSL....... Downey Financial Corp. 581.46 19.29 22.50 18.10 14.98 14.76
EBCP...... Eastern Bancorp 96.46 24.75 26.00 22.75 17.86 16.95
EBSI...... Eagle Bancshares 73.97 15.50 16.00 13.63 12.74 12.74
EFBC...... Empire Federal Bancorp Inc. 34.83 12.75 14.44 12.75 15.35 15.35
EFBI...... Enterprise Federal Bancorp 37.70 15.88 16.50 14.13 15.74 15.72
EGFC...... Eagle Financial Corp. 136.26 28.25 30.75 28.25 22.91 17.25
EGLB...... Eagle BancGroup Inc. 19.65 15.75 16.25 14.50 16.28 16.28
EIRE...... Emerald Isle Bancorp Inc. 40.80 18.63 20.50 15.45 12.83 12.83
EMLD...... Emerald Financial Corp. 70.86 11.50 12.25 10.63 8.73 8.58
EQSB...... Equitable Federal Savings Bank 21.83 33.25 34.50 28.50 24.91 24.91
ESBK...... Elmira Savings Bank (The) 14.66 21.00 21.00 16.75 20.20 19.34
ESX....... Essex Bancorp Inc. 1.19 1.63 2.19 1.00 0.12 (0.08)
ETFS...... East Texas Financial Services 17.69 17.75 18.75 16.88 19.69 19.69
FAB....... FirstFed America Bancorp Inc. 128.98 13.63 15.25 13.63 14.03 14.03
FBBC...... First Bell Bancorp Inc. 99.92 16.00 16.38 13.25 10.63 10.63
FBCI...... Fidelity Bancorp Inc. 52.35 20.00 20.88 16.88 17.74 17.69
FBCV...... 1ST Bancorp 21.45 31.00 32.00 28.50 31.19 30.50
FBER...... 1st Bergen Bancorp 41.08 14.00 15.13 11.38 13.76 13.76
FBHC...... Fort Bend Holding Corp. 21.79 24.75 24.75 22.00 22.41 20.77
FBSI...... First Bancshares Inc. 23.00 19.50 20.75 16.50 19.80 19.77
FCB....... Falmouth Co-Operative Bank 23.09 14.25 15.63 13.13 15.17 15.17
FCBF...... FCB Financial Corp. 60.98 18.50 19.50 17.25 19.11 19.11
FCIT...... First Citizens Financial Corp. 85.37 26.19 28.63 18.25 14.39 14.39
FCME...... First Coastal Corporation 12.48 9.25 10.13 7.25 9.89 9.89
FDEF...... First Defiance Financial 131.93 13.75 14.06 11.81 12.41 12.41
FED....... FirstFed Financial Corp. 314.17 23.50 28.00 21.50 18.48 18.24
FESX...... First Essex Bancorp Inc. 122.55 14.75 16.75 13.38 11.20 9.65
FFBA...... First Colorado Bancorp Inc. 293.97 16.75 18.88 16.50 11.60 11.44
FFBH...... First Federal Bancshares of AR 94.86 18.50 20.38 15.88 16.79 16.79
FFBI...... First Financial Bancorp Inc. 6.65 16.50 16.50 15.50 17.50 17.50
FFBS...... FFBS BanCorp Inc. 35.82 22.25 23.13 22.00 17.01 17.01
FFBZ...... First Federal Bancorp Inc. 27.51 18.50 18.50 16.00 8.38 8.37
FFCH...... First Financial Holdings Inc. 183.56 24.50 28.25 22.25 15.57 15.57
FFDB...... FirstFed Bancorp Incorporated 22.37 12.50 13.25 12.50 14.33 13.09
FFDF...... FFD Financial Corp. 19.46 14.00 14.00 13.00 14.51 14.51
FFED...... Fidelity Federal Bancorp 22.39 9.00 10.00 8.75 5.17 5.17
FFES...... First Federal of East Hartford 70.48 25.50 28.50 22.88 23.00 23.00
FFFC...... FFVA Financial Corp. 116.40 21.00 25.00 20.00 16.99 16.61
FFFD...... North Central Bancshares Inc. 51.66 15.88 16.63 13.38 14.59 14.59
FFFG...... F.F.O. Financial Group Inc. 36.95 4.06 4.25 3.38 2.46 2.46
FFFL...... Fidelity Bankshares Inc., MHC 126.86 20.00 20.00 17.56 12.08 11.98
FFHC...... First Financial Corp. 1,017.79 26.13 28.25 23.50 11.14 10.81
FFHH...... FSF Financial Corp. 50.91 17.25 18.25 14.75 15.87 15.87
FFHS...... First Franklin Corporation 24.16 18.50 18.75 16.00 16.93 16.81
FFIC...... Flushing Financial Corp. 152.65 17.88 19.94 17.38 16.06 16.06
FFKY...... First Federal Financial Corp. 79.05 20.00 21.00 17.75 12.16 11.42
FFLC...... FFLC Bancorp Inc. 62.55 25.00 27.50 20.50 22.16 22.16
FFOH...... Fidelity Financial of Ohio 83.21 13.00 13.75 11.50 12.03 10.57
FFPB...... First Palm Beach Bancorp Inc. 148.40 27.75 30.00 23.25 21.04 20.50
FFSL...... First Independence Corp. 11.22 12.00 12.25 10.25 11.41 11.41
FFSW...... FirstFederal Financial Svcs 160.60 28.90 31.40 28.90 12.82 10.83
FFSX...... First Fed SB of Siouxland, MHC 65.02 22.33 22.33 18.83 13.32 13.20
FFWC...... FFW Corp. 18.12 26.75 26.75 21.50 22.75 22.75
FFWD...... Wood Bancorp Inc. 25.37 16.25 17.25 15.75 13.91 13.91
FFYF...... FFY Financial Corp. 109.81 25.50 25.63 25.00 19.50 19.50
FGHC...... First Georgia Holding Inc. 22.89 7.63 7.63 5.33 4.08 3.72
FIBC...... Financial Bancorp Inc. 30.06 16.63 18.50 15.00 14.99 14.91
FISB...... First Indiana Corporation 224.55 18.38 24.30 18.38 13.51 13.34
FKFS...... First Keystone Financial 27.63 21.75 22.50 19.00 18.12 18.12
FKKY...... Frankfort First Bancorp Inc. 40.62 10.63 11.38 9.75 9.93 9.93
FLAG...... FLAG Financial Corp. 26.74 12.50 12.88 10.25 10.25 10.25
FLFC...... First Liberty Financial Corp. 164.15 21.25 22.50 18.25 11.87 10.62
FLGS...... Flagstar Bancorp Inc. 222.14 NA NA NA NA NA
FLKY...... First Lancaster Bancshares 14.38 15.50 16.00 14.50 14.44 14.44
FMBD...... First Mutual Bancorp Inc. 53.04 15.13 16.00 14.75 16.60 12.77
FMCO...... FMS Financial Corporation 56.08 19.50 20.75 18.38 14.59 14.29
FMSB...... First Mutual Savings Bank 46.55 17.61 18.64 15.91 10.55 10.55
FNGB...... First Northern Capital Corp. 89.49 19.00 19.75 16.25 16.09 16.09
FOBC...... Fed One Bancorp 48.53 18.00 19.50 15.75 17.07 16.26
FPRY...... First Financial Bancorp NA 20.75 21.13 20.25 17.07 17.07
FRC....... First Republic Bancorp 204.84 22.25 24.63 16.88 16.19 16.18
FSBI...... Fidelity Bancorp Inc. 30.85 20.11 21.71 16.82 14.82 14.82
FSFC...... First Southeast Financial Corp 46.08 10.13 11.50 9.38 7.80 7.80
FSLA...... First Savings Bank, MHC 183.00 21.00 23.50 18.25 13.00 11.52
FSNJ...... First Savings Bk of NJ, MHC 186.62 23.00 23.00 15.25 16.18 16.18
FSPG...... First Home Bancorp Inc. 52.14 17.88 19.00 13.88 12.36 12.14
FSSB...... First FS&LA of San Bernardino 2.98 9.75 10.50 9.00 13.68 13.18
FSTC...... First Citizens Corporation 40.03 25.25 26.75 22.63 15.18 11.94
FTF....... Texarkana First Financial Corp 32.38 16.50 17.13 14.88 14.70 14.70
FTFC...... First Federal Capital Corp. 184.04 28.00 29.50 23.75 15.97 14.97
FTNB...... Fulton Bancorp Inc. 33.96 17.88 18.50 14.75 14.47 14.47
FTSB...... Fort Thomas Financial Corp. 14.86 11.25 14.31 10.75 10.19 10.19
FWWB...... First SB of Washington Bancorp 232.52 18.38 19.00 16.56 15.11 13.88
GAF....... GA Financial Inc. 133.75 14.88 17.25 14.88 14.94 14.94
GBCI...... Glacier Bancorp Inc. 108.81 16.33 16.50 15.50 7.77 7.55
GDVS...... Greater Delaware Valley SB,MHC 40.91 13.00 14.00 10.13 8.37 8.37
GDW....... Golden West Financial 3,990.99 62.75 74.25 61.75 42.19 42.19
GFCO...... Glenway Financial Corp. 26.31 22.63 23.50 19.00 23.06 22.70
GFED...... Guaranty Federal SB, MHC 55.47 12.88 13.00 11.50 8.68 8.68
GFSB...... GFS Bancorp Inc. 13.71 11.50 11.50 10.13 10.33 10.33
GLBK...... Glendale Co-Operative Bank 6.61 20.00 21.00 17.00 24.46 24.46
GLN....... Glendale Federal Bank FSB 1,339.39 23.00 28.00 22.63 15.31 14.24
GPT....... GreenPoint Financial Corp. 2,930.50 51.50 63.38 45.63 34.57 19.81
GRTR...... Greater New York Savings Bank 268.42 17.25 17.88 13.38 11.48 11.48
GSBC...... Great Southern Bancorp Inc. 136.18 17.38 18.00 17.00 7.35 7.35
GSFC...... Green Street Financial Corp. 76.29 17.38 18.88 15.50 14.64 14.64
GSLA...... GS Financial Corp. 50.93 NA NA NA NA NA
GTFN...... Great Financial Corporation 468.61 30.88 34.75 29.13 19.83 18.97
GTPS...... Great American Bancorp 27.94 16.50 16.50 14.56 18.36 18.36
GUPB...... GFSB Bancorp Inc. 14.88 17.50 17.50 15.75 16.88 16.88
GWBC...... Gateway Bancorp Inc. 17.88 15.25 15.25 14.25 15.96 15.96
GWF....... Great Western Financial 6,981.62 40.50 48.63 28.75 17.55 15.54
HALL...... Hallmark Capital Corp. 29.22 18.00 19.38 17.00 19.82 19.82
HARB...... Harbor Federal Savings Bk, MHC 187.92 36.63 38.50 33.50 18.30 17.61
HARL...... Harleysville Savings Bank 36.33 20.50 23.00 15.20 12.82 12.82
HARS...... Harris Savings Bank, MHC 233.55 19.50 22.63 18.25 13.71 11.83
HAVN...... Haven Bancorp Inc. 147.31 32.13 36.00 27.88 23.13 23.04
HBBI...... Home Building Bancorp 6.54 21.00 21.00 18.50 19.88 19.88
HBEI...... Home Bancorp of Elgin Inc. 111.27 15.00 15.50 13.00 14.39 14.39
HBFW...... Home Bancorp 54.43 20.38 20.88 19.00 17.43 17.43
HBNK...... Highland Federal Bank FSB 49.78 23.25 24.00 17.50 15.70 15.70
HBS....... Haywood Bancshares Inc. 20.66 16.63 18.25 16.63 16.52 15.91
HCBB...... HCB Bancshares Inc. 34.39 NA NA NA NA NA
HCFC...... Home City Financial Corp. 12.85 13.50 14.25 12.00 16.05 16.05
HEMT...... HF Bancorp Inc. 84.81 12.75 14.00 11.00 12.87 10.53
HFFB...... Harrodsburg First Fin Bancorp 30.88 15.88 18.25 15.50 15.27 15.27
HFFC...... HF Financial Corp. 57.55 19.56 20.50 16.75 16.51 16.47
HFGI...... Harrington Financial Group 37.45 11.00 11.00 9.75 7.57 7.57
HFNC...... HFNC Financial Corp. 298.72 18.25 22.06 16.75 9.23 9.23
HFSA...... Hardin Bancorp Inc. 12.57 15.50 15.50 12.25 15.37 15.37
HHFC...... Harvest Home Financial Corp. 9.61 11.50 13.00 9.25 11.11 11.11
HIFS...... Hingham Instit. for Savings 24.77 18.50 19.25 18.25 15.09 15.09
HMCI...... HomeCorp Inc. 24.13 14.17 15.17 12.67 12.52 12.52
HMLK...... Hemlock Federal Financial Corp 26.99 NA NA NA NA NA
HMNF...... HMN Financial Inc. 90.03 20.05 23.75 18.00 18.71 18.71
HOMF...... Home Federal Bancorp 92.39 27.38 28.00 24.25 16.54 16.00
HPBC...... Home Port Bancorp Inc. 37.30 17.13 19.25 16.13 11.11 11.11
HRBF...... Harbor Federal Bancorp Inc. 31.58 16.25 18.25 15.38 16.09 16.09
HRZB...... Horizon Financial Corp. 114.68 13.48 14.57 11.52 10.61 10.61
HTHR...... Hawthorne Financial Corp. 28.92 10.25 11.75 7.75 12.37 12.37
HVFD...... Haverfield Corporation 49.57 22.75 23.00 17.75 15.04 15.04
HWEN...... Home Financial Bancorp 7.65 15.00 15.50 12.75 15.12 15.12
HZFS...... Horizon Financial Svcs Corp. 8.19 17.50 17.75 15.00 19.33 19.33
IBSF...... IBS Financial Corp. 177.57 14.78 15.76 13.26 11.45 11.45
IFSB...... Independence Federal Savings 11.52 7.50 9.75 7.50 13.39 11.74
IFSL...... Indiana Federal Corporation 128.07 26.13 27.25 22.44 15.03 14.12
INBI...... Industrial Bancorp 67.97 12.63 13.00 12.50 11.41 11.41
INCB...... Indiana Community Bank SB 14.98 16.50 19.00 15.75 12.27 12.27
IPSW...... Ipswich Savings Bank 19.45 14.75 16.38 11.88 8.59 8.59
ISBF...... ISB Financial Corporation 160.45 24.50 26.13 17.63 17.45 14.80
ITLA...... ITLA Capital Corp. 117.44 14.88 17.25 14.00 11.77 11.72
IWBK...... InterWest Bancorp Inc. 280.65 32.25 36.25 31.75 14.81 14.47
JOAC...... Joachim Bancorp Inc. 11.22 14.00 14.63 14.00 13.59 13.59
JSBA...... Jefferson Savings Bancorp 144.17 28.50 30.50 25.25 23.22 17.69
JSBF...... JSB Financial Inc. 442.76 42.50 43.00 36.00 34.52 34.52
JXSB...... Jacksonville Savings Bank, MHC 22.26 18.00 18.00 13.75 13.26 13.26
JXVL...... Jacksonville Bancorp Inc. 38.12 14.88 15.75 14.00 13.27 13.27
KFBI...... Klamath First Bancorp 188.66 17.63 18.63 15.00 15.39 15.39
KNK....... Kankakee Bancorp Inc. 41.18 27.25 27.88 23.38 25.74 24.10
KSAV...... KS Bancorp Inc. 14.59 20.50 21.50 19.75 21.00 20.99
KSBK...... KSB Bancorp Inc. 13.72 28.00 34.00 23.00 24.31 22.87
KYF....... Kentucky First Bancorp Inc. 14.59 11.50 11.88 10.88 10.86 10.86
LARK...... Landmark Bancshares Inc. 35.71 18.75 19.75 18.00 18.11 18.11
LARL...... Laurel Capital Group Inc. 30.28 21.00 21.75 16.50 14.51 14.51
LFBI...... Little Falls Bancorp Inc. 37.06 13.50 14.00 12.19 14.29 13.15
LFED...... Leeds Federal Savings Bk, MHC 62.19 18.00 19.00 15.50 13.21 13.21
LIFB...... Life Bancorp Inc. 224.64 16.75 21.00 16.75 15.42 14.95
LISB...... Long Island Bancorp Inc. 844.96 33.06 39.25 33.06 21.62 21.41
LOGN...... Logansport Financial Corp. 16.67 13.25 15.00 11.13 12.41 12.41
LONF...... London Financial Corporation 7.73 17.50 17.50 14.13 14.63 14.63
LSBI...... LSB Financial Corp. 18.43 19.05 19.76 17.86 19.42 19.42
LSBX...... Lawrence Savings Bank 45.76 9.88 10.25 8.13 7.06 7.06
LVSB...... Lakeview Financial 67.92 27.63 33.50 27.63 19.91 15.92
LXMO...... Lexington B&L Financial Corp. 16.59 15.25 15.75 13.00 15.17 15.17
MAFB...... MAF Bancorp Inc. 430.20 39.00 41.75 33.38 24.46 21.24
MARN...... Marion Capital Holdings 41.14 22.00 22.00 19.25 21.99 21.99
MASB...... MASSBANK Corp. 114.24 41.00 42.50 37.50 33.49 33.49
MBB....... MSB Bancorp Inc. 52.49 16.75 20.50 16.75 19.72 8.47
MBBC...... Monterey Bay Bancorp Inc. 52.32 16.63 18.25 14.63 15.01 13.76
MBLF...... MBLA Financial Corp. 31.09 20.63 20.75 19.00 21.51 21.51
MBSP...... Mitchell Bancorp Inc. 16.21 16.00 16.00 14.00 15.17 15.17
MCBN...... Mid-Coast Bancorp Inc. 4.49 19.00 19.94 18.00 21.61 21.61
MCBS...... Mid Continent Bancshares Inc. 52.38 25.25 27.00 23.38 19.46 19.46
MDBK...... Medford Savings Bank 131.65 24.50 29.75 24.50 20.43 18.91
MECH...... Mechanics Savings Bank 99.19 16.75 19.00 15.50 14.50 14.50
MERI...... Meritrust Federal SB 29.81 35.50 36.00 31.50 23.34 23.34
METF...... Metropolitan Financial Corp. 51.12 11.00 11.25 10.75 8.73 7.83
MFBC...... MFB Corp. 33.17 19.75 19.75 16.63 19.59 19.59
MFCX...... Marshalltown Financial Corp. 21.17 15.13 15.25 14.25 14.06 14.06
MFFC...... Milton Federal Financial Corp. 31.71 13.63 14.75 13.63 12.22 12.22
MFLR...... Mayflower Co-operative Bank 14.47 16.75 19.75 16.00 13.21 12.98
MFSL...... Maryland Federal Bancorp 141.25 37.25 38.25 32.75 29.67 29.27
MGNL...... Magna Bancorp Inc. 323.23 18.25 20.25 17.00 9.61 9.30
MIFC...... Mid-Iowa Financial Corp. 14.67 8.00 8.50 6.38 6.71 6.70
MIVI...... Mississippi View Holding Co. 11.97 15.25 15.50 12.00 15.55 15.55
MLBC...... ML Bancorp Inc. 191.38 15.38 17.75 13.75 13.03 NA
MRKF...... Market Financial Corporation 17.87 12.63 12.94 12.63 14.59 14.59
MSBF...... MSB Financial Inc. 13.84 20.75 21.75 19.00 19.94 19.94
MSBK...... Mutual Savings Bank FSB 34.73 6.88 7.88 5.50 9.31 9.31
MWBI...... Midwest Bancshares Inc. 10.97 28.00 30.00 26.50 27.68 27.68
MWBX...... MetroWest Bank 76.69 5.25 5.38 4.81 2.92 2.92
MWFD...... Midwest Federal Financial 32.50 17.63 18.50 16.75 10.66 10.24
NASB...... North American Savings Bank 101.44 38.00 39.50 33.88 24.35 23.56
NBN....... Northeast Bancorp 18.33 13.75 14.25 13.25 13.49 11.66
NBSI...... North Bancshares Inc. 19.92 19.75 19.75 15.75 16.94 16.94
NEIB...... Northeast Indiana Bancorp 26.44 15.00 15.75 13.50 14.87 14.87
NHTB...... New Hampshire Thrift Bncshrs 31.13 12.38 12.75 11.75 11.46 9.71
NASB...... NewMil Bancorp Inc. 36.94 9.50 9.75 8.75 8.13 8.13
NSBC...... NewSouth Bancorp, Inc. 70.56 NA NA NA NA NA
NSLB...... NS&L Bancorp Inc. 11.67 16.38 16.75 13.63 16.36 16.36
NSSB...... Norwich Financial Corp. 114.77 18.75 23.25 18.00 14.27 12.80
NSSY...... Norwalk Savings Society 66.70 23.25 26.00 22.94 20.69 19.95
NTMG...... Nutmeg Federal S&LA 5.35 7.00 7.75 7.00 7.35 7.35
NWEQ...... Northwest Equity Corp. 12.37 14.13 14.50 11.88 14.19 14.19
NWSB...... Northwest Savings Bank, MHC 344.80 15.38 15.75 13.25 8.30 7.79
NYB....... New York Bancorp Inc. 539.08 29.00 33.50 24.88 9.81 9.81
OCFC...... Ocean Financial Corp. 279.32 27.69 32.25 25.50 27.30 27.30
OCWN...... Ocwen Financial Corporation 824.08 29.00 34.75 25.25 8.40 8.40
OFCP...... Ottawa Financial Corp. 107.64 20.88 20.88 16.88 15.07 12.06
OHSL...... OHSL Financial Corp. 28.69 23.75 23.75 21.00 21.00 21.00
PALM...... Palfed, Inc. 87.09 16.25 16.25 13.88 10.07 10.07
PAMM...... PacificAmerica Money Center 53.34 30.00 35.00 28.00 13.35 13.35
PBCI...... Pamrapo Bancorp Inc. 56.86 19.63 23.75 19.00 16.43 16.29
PBCT...... People's Bank, MHC 1,475.87 21.67 24.33 18.96 10.39 10.38
PBIX...... Patriot Bank Corp. 67.62 14.25 16.75 13.13 12.70 12.70
PBKB...... People's Bancshares Inc. 48.05 12.00 13.00 10.50 8.57 8.21
PBNB...... People's Savings Financial Cp. 66.50 32.00 32.88 27.50 24.14 22.61
PCBC...... Perry County Financial Corp. 15.77 19.75 20.25 17.00 18.06 18.06
PCCI...... Pacific Crest Capital 36.35 13.00 13.75 11.00 8.43 8.43
PDB....... Piedmont Bancorp Inc. 28.20 10.88 11.13 9.25 7.31 7.31
PEEK...... Peekskill Financial Corp. 44.84 13.88 15.25 13.50 14.58 14.58
PERM...... Permanent Bancorp Inc. 51.03 20.25 21.00 16.50 19.24 19.05
PERT...... Perpetual Bank, MHC 40.62 25.50 26.50 22.56 19.81 19.81
PETE...... Primary Bank 50.88 17.50 18.38 15.25 13.82 13.79
PFDC...... Peoples Bancorp 49.58 22.50 23.00 19.50 18.86 18.86
PFED...... Park Bancorp Inc. 35.86 15.25 16.13 13.00 15.87 15.87
PFFB...... PFF Bancorp Inc. 285.04 14.38 16.94 14.25 14.09 13.93
PFFC...... Peoples Financial Corp. 23.30 15.25 16.00 13.00 16.18 16.18
PFNC...... Progress Financial Corporation 34.33 8.75 9.13 8.25 5.52 4.84
PFSB...... PennFed Financial Services Inc 125.35 23.50 25.25 20.00 21.21 17.49
PFSL...... Pocahontas FS&LA, MHC 32.37 20.00 20.00 16.75 14.61 14.61
PHBK...... Peoples Heritage Finl Group 948.30 30.75 32.00 26.19 15.76 13.30
PHFC...... Pittsburgh Home Financial Corp 29.79 14.88 15.50 13.00 13.71 13.55
PKPS...... Poughkeepsie Financial Corp. 84.23 6.00 6.50 5.25 5.76 5.76
PLE....... Pinnacle Bancshares Inc. 19.24 21.63 22.63 17.38 17.34 16.78
PLSK...... Pulaski Savings Bank, MHC 26.91 NA NA NA NA NA
PMFI...... Perpetual Midwest Financial 36.72 19.75 20.25 18.75 17.71 17.71
POBS...... Portsmouth Bank Shares 94.69 15.00 16.00 13.48 11.25 11.25
PRBC...... Prestige Bancorp Inc. 14.52 16.00 16.13 13.00 16.11 16.11
PROV...... Provident Financial Holdings 81.84 15.13 17.19 13.75 17.06 17.06
PSBK...... Progressive Bank Inc. 105.18 25.25 25.25 22.75 19.17 16.98
PSFC...... Peoples-Sidney Financial Corp. 24.33 NA NA NA NA NA
PSFI...... PS Financial Inc. 30.55 13.13 14.25 11.75 14.88 14.88
PTRS...... Potters Financial Corp. 10.35 20.00 20.25 19.19 21.39 21.39
PULB...... Pulaski Bank, Savings Bk, MHC 37.95 19.25 20.00 14.50 11.04 11.04
PULS...... Pulse Bancorp 58.66 17.88 18.88 15.75 13.14 13.14
PVFC...... PVF Capital Corp. 41.82 16.75 18.00 15.00 10.77 10.77
PVSA...... Parkvale Financial Corporation 110.64 27.25 29.50 24.50 17.91 17.76
PWBC...... PennFirst Bancorp Inc. 54.75 13.75 14.50 13.50 12.77 11.65
PWBK...... Pennwood Bancorp Inc. 9.15 14.13 14.50 13.00 15.30 15.30
QCBC...... Quaker City Bancorp Inc. 75.95 15.60 16.40 14.20 14.56 14.54
QCFB...... QCF Bancorp Inc. 29.24 19.13 19.75 17.50 18.98 18.98
QCSB...... Queens County Bancorp Inc. 469.16 36.58 39.17 30.33 21.22 21.22
RARB...... Raritan Bancorp Inc. 48.50 25.00 25.50 23.25 18.80 18.46
RCSB...... RCSB Financial Inc. 632.46 33.63 34.75 27.88 21.36 20.82
REDF...... RedFed Bancorp Inc. 109.25 14.13 15.44 12.88 10.37 10.36
RELI...... Reliance Bancshares Inc. 19.60 7.25 7.75 6.63 8.89 NA
RELY...... Reliance Bancorp Inc. 223.47 23.63 25.31 18.63 17.56 12.31
RFED...... Roosevelt Financial Group 1,017.43 21.75 23.38 20.50 9.91 NA
RIVR...... River Valley Bancorp 17.26 13.75 15.50 13.25 14.37 14.15
ROSE...... TR Financial Corp. 383.22 18.19 18.44 16.56 12.77 12.77
RSLN...... Roslyn Bancorp Inc. 791.02 16.31 18.63 15.00 14.08 14.01
RVSB...... Riverview Savings Bank, MHC 48.33 18.00 21.00 15.23 10.36 9.40
SBCN...... Suburban Bancorporation Inc. 28.21 17.50 19.38 15.25 18.02 18.02
SBFL...... SB of the Finger Lakes, MHC 29.01 15.00 15.75 13.25 11.27 11.27
SBOS...... Boston Bancorp (The) NA 41.75 42.25 36.25 40.29 40.29
SCBS...... Southern Community Bancshares 15.64 13.56 14.00 13.00 13.54 13.54
SCCB...... S. Carolina Community Bancshrs 13.29 19.00 20.50 15.00 17.11 17.11
SECP...... Security Capital Corporation 854.72 86.00 88.00 70.00 59.17 59.17
SFED...... SFS Bancorp Inc. 20.39 16.25 18.00 14.75 17.26 17.26
SFFC...... StateFed Financial Corporation 14.79 18.50 19.00 16.50 19.00 19.00
SFIN...... Statewide Financial Corp. 80.84 14.75 17.50 14.13 13.21 13.18
SFNB...... Security First Network Bank 46.38 8.00 13.50 8.00 3.79 3.73
SFSB...... SuburbFed Financial Corp. 31.84 22.50 23.75 19.00 21.23 21.14
SFSL...... Security First Corp. 106.94 18.88 19.25 17.50 11.88 11.67
SGVB...... SGV Bancorp Inc. 31.03 12.75 13.88 11.13 12.41 12.19
SHEN...... First Shenango Bancorp Inc. 50.54 22.25 25.75 22.00 20.79 20.79
SISB...... SIS Bancorp Inc. 160.78 24.00 27.38 22.38 18.23 18.23
SJSB...... SJS Bancorp 24.32 25.75 25.75 24.75 17.66 17.66
SKAN...... Skaneateles Bancorp Inc. 18.09 19.13 20.00 16.00 17.41 16.84
SKBO...... First Carnegie Deposit, MHC 31.05 NA NA NA NA NA
SMBC...... Southern Missouri Bancorp Inc. 27.84 16.25 17.25 14.25 15.85 15.85
SMFC...... Sho-Me Financial Corp. 55.46 29.50 30.25 21.75 20.99 20.99
SOBI...... Sobieski Bancorp Inc. 11.20 14.75 15.00 13.75 17.52 17.52
SOPN...... First Savings Bancorp Inc. 85.95 19.63 20.25 17.88 18.04 18.04
SOSA...... Somerset Savings Bank 44.76 2.75 2.88 1.98 1.85 1.85
SPBC...... St. Paul Bancorp Inc. 746.60 27.38 28.75 22.80 17.16 17.11
SRN....... Southern Banc Company Inc. 17.99 14.38 14.63 13.13 14.42 14.27
SSB....... Scotland Bancorp Inc 30.13 15.50 16.75 14.25 13.74 13.74
SSFC...... South Street Financial Corp. 73.07 16.13 17.00 13.75 14.64 14.64
SSM....... Stone Street Bancorp Inc. 47.68 24.75 27.25 20.00 20.72 20.72
STFR...... St. Francis Capital Corp. 160.24 29.50 32.25 26.00 23.89 21.02
STND...... Standard Financial Inc. 392.95 22.88 23.63 19.38 16.74 16.72
STSA...... Sterling Financial Corp. 97.00 17.13 17.38 13.63 10.98 9.31
SVRN...... Sovereign Bancorp Inc. 947.13 12.00 14.00 10.94 6.60 4.84
SWBI...... Southwest Bancshares 55.42 19.25 20.50 18.00 15.19 15.19
SWCB...... Sandwich Co-operative Bank 58.61 28.00 34.00 28.00 20.55 19.59
SZB....... SouthFirst Bancshares Inc. 12.60 14.25 14.50 12.88 15.82 15.82
TBK....... Tolland Bank 21.84 14.25 16.13 11.63 13.63 13.21
THR....... Three Rivers Financial Corp. 12.35 14.38 15.25 13.75 15.23 15.17
THRD...... TF Financial Corporation 73.57 17.75 19.25 16.25 18.51 16.13
TPNZ...... Tappan Zee Financial Inc. 25.31 14.25 15.25 13.63 13.84 13.84
TRIC...... Tri-County Bancorp Inc. 12.33 18.50 18.75 18.00 21.63 21.63
TSBS...... Trenton SB, MHC 171.71 18.50 18.50 15.75 11.54 10.55
TSH....... Teche Holding Co. 66.17 16.38 16.38 14.38 15.23 15.23
TWIN...... Twin City Bancorp 15.79 19.00 19.00 17.50 15.82 15.82
UBMT...... United Financial Corp. 23.85 19.50 19.75 18.75 19.94 19.94
UFRM...... United Federal Savings Bank 34.11 9.63 9.63 8.00 6.70 6.70
VABF...... Virginia Beach Fed. Financial 64.64 10.38 11.31 9.38 8.29 8.29
VFFC...... Virginia First Financial Corp. 129.22 14.75 16.25 12.38 11.35 10.96
WAMU...... Washington Mutual Inc. 6,732.80 48.31 58.88 42.75 19.53 18.42
WAYN...... Wayne Savings & Loan Co. MHC 38.08 24.50 24.50 19.00 15.22 15.22
WBST...... Webster Financial Corporation 493.49 35.13 41.00 35.13 23.72 19.96
WCBI...... Westco Bancorp 60.82 22.00 23.00 20.00 18.89 18.89
WCFB...... Webster City Federal SB, MHC 29.40 14.25 14.63 12.75 10.45 10.45
WEFC...... Wells Financial Corp. 27.57 15.00 16.00 12.88 14.20 14.20
WEHO...... Westwood Homestead Fin. Corp. 38.21 13.63 14.50 12.00 14.15 14.15
WES....... Westcorp 455.24 14.50 22.88 14.50 12.29 12.26
WFCO...... Winton Financial Corp. 26.07 12.52 14.00 11.75 11.06 10.81
WFSG...... Wilshire Financial Services 115.44 14.50 18.00 14.50 8.48 8.48
WFSL...... Washington Federal Inc. 1,245.75 22.75 27.50 22.75 14.10 12.70
WHGB...... WHG Bancshares Corp. 20.84 14.25 14.63 13.13 14.00 14.00
WOFC...... Western Ohio Financial Corp. 49.29 21.50 22.50 21.00 23.21 21.88
WRNB...... Warren Bancorp Inc. 68.85 16.25 16.25 14.75 9.88 9.88
WSB....... Washington Savings Bank, FSB 20.57 5.25 5.25 4.38 5.06 5.06
WSFS...... WSFS Financial Corporation 159.75 11.50 12.13 10.50 6.05 5.99
WSTR...... WesterFed Financial Corp. 111.72 20.13 21.75 17.88 18.44 14.57
WVFC...... WVS Financial Corporation 43.24 25.75 26.50 24.00 20.50 20.50
WWFC...... Westwood Financial Corporation 11.61 20.00 20.00 15.75 15.42 13.67
WYNE...... Wayne Bancorp Inc. 41.51 16.25 18.00 14.88 16.57 16.57
YFCB...... Yonkers Financial Corporation 46.50 15.25 15.25 12.75 13.68 13.68
YFED...... York Financial Corp. 138.55 18.38 19.75 16.00 13.99 13.99
Average... 186.82 19.67 21.15 17.48 15.77 15.29
Comparable
Thrift
Data
JOAC...... Joachim Bancorp Inc. 11.22 14.000 14.625 14.000 13.59 13.59
HBBI...... Home Building Bancorp 6.54 21.000 21.000 18.500 19.88 19.88
CSBF...... CSB Financial Group Inc. 11.77 11.375 11.375 10.000 12.78 12.05
MCBN...... Mid-Coast Bancorp Inc. 4.49 19.000 19.938 18.000 21.61 21.61
NSLB...... NS&L Bancorp Inc. 11.67 16.375 16.750 13.625 16.36 16.36
CKFB...... CKF Bancorp Inc. 17.85 18.000 20.250 17.500 16.59 16.59
ALBC...... Albion Banc Corp. 6.05 18.500 19.000 16.500 23.62 23.62
MIVI...... Mississippi View Holding Co. 11.97 15.250 15.500 12.000 15.55 15.55
ATSB...... AmTrust Capital Corp. 6.71 12.125 12.250 10.000 13.72 13.57
SCCB...... S. Carolina Community Bancshrs 13.29 19.000 20.500 15.000 17.11 17.11
Average... 10.16 16.46 17.12 14.51 17.08 16.99
Maximum... 17.85 21.00 21.00 18.50 23.62 23.62
Minimum... 4.49 11.38 11.38 10.00 12.78 12.05
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
DIVIDENDS
-----------------------
CURRENT LTM DIVIDEND
DIVIDEND PAYOUT
YIELD RATIO
TICKER SHORT NAME ($) (%)
- -------------------------------------------------- -------- ------------
%CAL...... California Federal Bank, a FSB NA NA
%CCMD..... Chevy Chase Bank, FSB NA NA
AABC...... Access Anytime Bancorp, Inc. -- --
AADV...... Advantage Bancorp Inc. 1.039 33.66
ABBK...... Abington Bancorp Inc. 1.616 21.16
ABCL...... Alliance Bancorp Inc. 2.185 10.00
ABCW...... Anchor BanCorp Wisconsin 1.295 16.84
AFBC...... Advance Financial Bancorp 2.296 NA
AFCB...... Affiliated Community Bancorp 1.959 30.00
AFED...... AFSALA Bancorp Inc. 1.153 NA
AFFFZ..... America First Financial Fund 4.211 35.32
AHCI...... Ambanc Holding Co. Inc. -- --
AHM....... Ahmanson & Company (H.F.) 1.983 69.84
ALBC...... Albion Banc Corp. 1.348 140.91
ALBK...... ALBANK Financial Corporation 1.624 27.41
AMFB...... American Federal Bank FSB 1.542 40.91
AMFC...... AMB Financial Corp. 1.684 NA
ANA....... Acadiana Bancshares Inc. 1.823 NA
ANBK...... American National Bancorp 0.800 23.68
ANDB...... Andover Bancorp Inc. 2.305 21.65
ASBI...... Ameriana Bancorp 3.871 80.56
ASBP...... ASB Financial Corp. 3.265 NA
ASFC...... Astoria Financial Corporation 1.418 25.29
ATSB...... AmTrust Capital Corp. 1.569 11.36
AVND...... Avondale Financial Corp. -- --
BANC...... BankAtlantic Bancorp Inc. 0.847 12.03
BDJI...... First Federal Bancorporation -- --
BFD....... BostonFed Bancorp Inc. 1.653 31.25
BFFC...... Big Foot Financial Corp. -- NA
BFSB...... Bedford Bancshares Inc. 2.576 38.02
BKC....... American Bank of Connecticut 4.071 51.18
BKCO...... Bankers Corp. 2.510 32.16
BKCT...... Bancorp Connecticut Inc. 3.417 42.08
BKUNA..... BankUnited Financial Corp. -- --
BNKU...... Bank United Corp. 1.594 NA
BPLS...... Bank Plus Corp. -- --
BSBC...... Branford Savings Bank 1.939 13.79
BTHL...... Bethel Bancorp 2.560 20.83
BVCC...... Bay View Capital Corp. 1.261 34.44
BWFC...... Bank West Financial Corp. 2.113 48.28
BYFC...... Broadway Financial Corp. 1.860 NA
CAFI...... Camco Financial Corp. 2.811 43.06
CAPS...... Capital Savings Bancorp Inc. 1.391 27.63
CASB...... Cascade Financial Corp. -- --
CASH...... First Midwest Financial Inc. 2.250 34.02
CATB...... Catskill Financial Corp. 1.778 NA
CBCI...... Calumet Bancorp Inc. -- --
CBCO...... CB Bancorp Inc. -- --
CBES...... CBES Bancorp Inc. 2.370 NA
CBK....... Citizens First Financial Corp. -- NA
CBNH...... Community Bankshares Inc. 1.701 30.10
CBSA...... Coastal Bancorp Inc. 1.730 27.40
CBSB...... Charter Financial Inc. 1.882 32.10
CCFH...... CCF Holding Company 3.175 318.18
CEBK...... Central Co-operative Bank 1.842 8.25
CENB...... Century Bancorp Inc. 2.899 NA
CENF...... CENFED Financial Corp. 1.051 17.57
CFB....... Commercial Federal Corporation 0.780 14.17
CFCP...... Coastal Financial Corp. 1.443 38.37
CFFC...... Community Financial Corp. 2.489 37.88
CFHC...... California Financial Holding 1.492 30.34
CFNC...... Carolina Fincorp Inc. 1.379 NA
CFSB...... CFSB Bancorp Inc. 2.297 41.25
CFTP...... Community Federal Bancorp 1.714 45.45
CFX....... CFX Corporation 4.822 57.32
CIBI...... Community Investors Bancorp 2.078 33.66
CKFB...... CKF Bancorp Inc. 2.286 165.52
CLAS...... Classic Bancshares Inc. 1.931 40.63
CMRN...... Cameron Financial Corp 1.672 35.00
CMSB...... Commonwealth Bancorp Inc. 1.806 NA
CMSV...... Community Savings, MHC 4.138 100.61
CNBA...... Chester Bancorp Inc. 1.574 NA
CNIT...... CENIT Bancorp Inc. 2.222 44.12
CNSB...... CNS Bancorp Inc. 1.250 NA
CNY....... Carver Bancorp Inc. -- --
COFD...... Collective Bancorp Inc. 2.244 40.82
COFI...... Charter One Financial 2.051 32.11
CONE...... Conestoga Bancorp, Inc. NA 28.17
COOP...... Cooperative Bankshares Inc. -- --
COVB...... CoVest Bancshares Inc. 2.222 133.33
CRZY...... Crazy Woman Creek Bancorp 3.048 67.31
CSA....... Coast Savings Financial -- --
CSBF...... CSB Financial Group Inc. -- --
CTZN...... CitFed Bancorp Inc. 0.859 15.29
CVAL...... Chester Valley Bancorp Inc. 2.228 39.07
CZF....... CitiSave Financial Corp 2.000 587.50
DCBI...... Delphos Citizens Bancorp Inc. -- NA
DFIN...... Damen Financial Corp. 1.684 51.06
DIBK...... Dime Financial Corp. 1.693 12.36
DIME...... Dime Community Bancorp Inc. 1.007 NA
DME....... Dime Bancorp Inc. -- --
DNFC...... D & N Financial Corp. -- --
DSL....... Downey Financial Corp. 1.471 36.72
EBCP...... Eastern Bancorp 2.462 68.29
EBSI...... Eagle Bancshares 3.692 67.44
EFBC...... Empire Federal Bancorp Inc. 2.232 NA
EFBI...... Enterprise Federal Bancorp 5.333 147.06
EGFC...... Eagle Financial Corp. 3.079 51.69
EGLB...... Eagle BancGroup Inc. -- NA
EIRE...... Emerald Isle Bancorp Inc. 1.534 17.62
EMLD...... Emerald Financial Corp. 1.714 39.47
EQSB...... Equitable Federal Savings Bank -- --
ESBK...... Elmira Savings Bank (The) 3.084 71.91
ESX....... Essex Bancorp Inc. -- --
ETFS...... East Texas Financial Services 1.159 51.28
FAB....... FirstFed America Bancorp Inc. -- NA
FBBC...... First Bell Bancorp Inc. 2.723 331.68
FBCI...... Fidelity Bancorp Inc. 1.707 29.89
FBCV...... 1ST Bancorp 1.301 42.37
FBER...... 1st Bergen Bancorp 0.881 NA
FBHC...... Fort Bend Holding Corp. 1.057 30.77
FBSI...... First Bancshares Inc. 0.994 16.95
FCB....... Falmouth Co-Operative Bank 1.260 19.23
FCBF...... FCB Financial Corp. 2.909 70.41
FCIT...... First Citizens Financial Corp. -- --
FCME...... First Coastal Corporation -- --
FDEF...... First Defiance Financial 2.286 69.77
FED....... FirstFed Financial Corp. -- --
FESX...... First Essex Bancorp Inc. 2.931 32.65
FFBA...... First Colorado Bancorp Inc. 2.254 44.30
FFBH...... First Federal Bancshares of AR 1.032 NA
FFBI...... First Financial Bancorp Inc. -- --
FFBS...... FFBS BanCorp Inc. 2.174 51.55
FFBZ...... First Federal Bancorp Inc. 1.371 29.11
FFCH...... First Financial Holdings Inc. 2.483 50.75
FFDB...... FirstFed Bancorp Incorporated 2.192 60.53
FFDF...... FFD Financial Corp. 2.243 NA
FFED...... Fidelity Federal Bancorp 4.444 466.67
FFES...... First Federal of East Hartford 2.264 39.22
FFFC...... FFVA Financial Corp. 1.864 36.21
FFFD...... North Central Bancshares Inc. 1.606 26.88
FFFG...... F.F.O. Financial Group Inc. -- --
FFFL...... Fidelity Bankshares Inc., MHC 4.267 153.06
FFHC...... First Financial Corp. 2.133 39.13
FFHH...... FSF Financial Corp. 3.008 68.49
FFHS...... First Franklin Corporation 1.561 123.08
FFIC...... Flushing Financial Corp. 1.272 13.79
FFKY...... First Federal Financial Corp. 2.737 45.79
FFLC...... FFLC Bancorp Inc. 1.794 44.68
FFOH...... Fidelity Financial of Ohio 1.882 48.89
FFPB...... First Palm Beach Bancorp Inc. 2.025 NA
FFSL...... First Independence Corp. 2.216 44.27
FFSW...... FirstFederal Financial Svcs 1.257 24.62
FFSX...... First Fed SB of Siouxland, MHC 2.087 68.39
FFWC...... FFW Corp. 2.769 30.77
FFWD...... Wood Bancorp Inc. 2.353 31.31
FFYF...... FFY Financial Corp. 2.667 56.52
FGHC...... First Georgia Holding Inc. 0.711 18.38
FIBC...... Financial Bancorp Inc. 2.286 40.63
FISB...... First Indiana Corporation 2.246 37.07
FKFS...... First Keystone Financial 0.889 7.52
FKKY...... Frankfort First Bancorp Inc. 3.000 NA
FLAG...... FLAG Financial Corp. 2.590 NA
FLFC...... First Liberty Financial Corp. 1.882 29.87
FLGS...... Flagstar Bancorp Inc. -- NA
FLKY...... First Lancaster Bancshares -- NA
FMBD...... First Mutual Bancorp Inc. 2.116 238.46
FMCO...... FMS Financial Corporation 0.851 14.71
FMSB...... First Mutual Savings Bank 1.159 12.73
FNGB...... First Northern Capital Corp. 3.160 78.21
FOBC...... Fed One Bancorp 2.829 61.29
FPRY...... First Financial Bancorp NA 39.66
FRC....... First Republic Bancorp -- --
FSBI...... Fidelity Bancorp Inc. 1.800 27.93
FSFC...... First Southeast Financial Corp 2.286 NA
FSLA...... First Savings Bank, MHC 1.901 54.81
FSNJ...... First Savings Bk of NJ, MHC 1.942 NA
FSPG...... First Home Bancorp Inc. 2.078 22.84
FSSB...... First FS&LA of San Bernardino -- --
FSTC...... First Citizens Corporation 1.778 16.86
FTF....... Texarkana First Financial Corp 2.535 261.36
FTFC...... First Federal Capital Corp. 2.380 39.75
FTNB...... Fulton Bancorp Inc. 1.013 NA
FTSB...... Fort Thomas Financial Corp. 2.381 NA
FWWB...... First SB of Washington Bancorp 1.273 23.26
GAF....... GA Financial Inc. 2.388 26.25
GBCI...... Glacier Bancorp Inc. 2.668 39.16
GDVS...... Greater Delaware Valley SB,MHC 2.880 NA
GDW....... Golden West Financial 0.631 6.37
GFCO...... Glenway Financial Corp. 2.957 70.62
GFED...... Guaranty Federal SB, MHC 2.254 113.33
GFSB...... GFS Bancorp Inc. 1.441 23.81
GLBK...... Glendale Co-Operative Bank -- --
GLN....... Glendale Federal Bank FSB -- --
GPT....... GreenPoint Financial Corp. 1.600 25.22
GRTR...... Greater New York Savings Bank 1.019 12.35
GSBC...... Great Southern Bancorp Inc. 2.388 36.90
GSFC...... Green Street Financial Corp. 2.254 NA
GSLA...... GS Financial Corp. -- NA
GTFN...... Great Financial Corporation 1.778 33.10
GTPS...... Great American Bancorp 2.520 250.00
GUPB...... GFSB Bancorp Inc. 2.162 111.94
GWBC...... Gateway Bancorp Inc. 2.406 76.92
GWF....... Great Western Financial 1.975 151.52
HALL...... Hallmark Capital Corp. -- --
HARB...... Harbor Federal Savings Bk, MHC 3.696 64.77
HARL...... Harleysville Savings Bank 1.818 27.19
HARS...... Harris Savings Bank, MHC 2.787 156.76
HAVN...... Haven Bancorp Inc. 1.765 27.15
HBBI...... Home Building Bancorp 1.429 96.77
HBEI...... Home Bancorp of Elgin Inc. 2.520 NA
HBFW...... Home Bancorp 0.964 28.17
HBNK...... Highland Federal Bank FSB -- --
HBS....... Haywood Bancshares Inc. 3.394 63.53
HCBB...... HCB Bancshares Inc. -- NA
HCFC...... Home City Financial Corp. 2.370 NA
HEMT...... HF Bancorp Inc. -- --
HFFB...... Harrodsburg First Fin Bancorp 2.623 94.83
HFFC...... HF Financial Corp. 1.870 32.94
HFGI...... Harrington Financial Group 1.043 --
HFNC...... HFNC Financial Corp. 1.612 961.11
HFSA...... Hardin Bancorp Inc. 2.735 78.43
HHFC...... Harvest Home Financial Corp. 3.810 NA
HIFS...... Hingham Instit. for Savings 2.105 27.17
HMCI...... HomeCorp Inc. -- --
HMLK...... Hemlock Federal Financial Corp -- NA
HMNF...... HMN Financial Inc. -- --
HOMF...... Home Federal Bancorp 1.835 19.40
HPBC...... Home Port Bancorp Inc. 3.951 44.38
HRBF...... Harbor Federal Bancorp Inc. 2.222 74.07
HRZB...... Horizon Financial Corp. 2.245 62.71
HTHR...... Hawthorne Financial Corp. -- --
HVFD...... Haverfield Corporation 2.154 61.93
HWEN...... Home Financial Bancorp 1.270 NA
HZFS...... Horizon Financial Svcs Corp. 1.662 41.56
IBSF...... IBS Financial Corp. 1.984 131.71
IFSB...... Independence Federal Savings 2.444 --
IFSL...... Indiana Federal Corporation 2.692 66.06
INBI...... Industrial Bancorp 3.821 61.11
INCB...... Indiana Community Bank SB 2.215 NA
IPSW...... Ipswich Savings Bank 1.221 13.70
ISBF...... ISB Financial Corporation 1.720 42.68
ITLA...... ITLA Capital Corp. -- --
IWBK...... InterWest Bancorp Inc. 1.600 30.51
JOAC...... Joachim Bancorp Inc. 3.390 200.00
JSBA...... Jefferson Savings Bancorp 1.379 43.04
JSBF...... JSB Financial Inc. 3.111 47.89
JXSB...... Jacksonville Savings Bank, MHC 2.286 125.00
JXVL...... Jacksonville Bancorp Inc. 3.333 NA
KFBI...... Klamath First Bancorp 1.584 48.28
KNK....... Kankakee Bancorp Inc. 1.655 29.37
KSAV...... KS Bancorp Inc. 2.727 93.75
KSBK...... KSB Bancorp Inc. 0.606 6.08
KYF....... Kentucky First Bancorp Inc. 4.520 648.15
LARK...... Landmark Bancshares Inc. 2.025 41.67
LARL...... Laurel Capital Group Inc. 2.095 28.47
LFBI...... Little Falls Bancorp Inc. 0.889 37.50
LFED...... Leeds Federal Savings Bk, MHC 4.222 107.81
LIFB...... Life Bancorp Inc. 2.104 44.00
LISB...... Long Island Bancorp Inc. 1.720 35.71
LOGN...... Logansport Financial Corp. 3.019 485.71
LONF...... London Financial Corporation 1.600 NA
LSBI...... LSB Financial Corp. 1.662 29.88
LSBX...... Lawrence Savings Bank -- --
LVSB...... Lakeview Financial 0.847 9.51
LXMO...... Lexington B&L Financial Corp. 1.967 NA
MAFB...... MAF Bancorp Inc. 1.018 14.89
MARN...... Marion Capital Holdings 3.911 65.04
MASB...... MASSBANK Corp. 2.541 27.48
MBB....... MSB Bancorp Inc. 3.243 181.82
MBBC...... Monterey Bay Bancorp Inc. 0.620 31.25
MBLF...... MBLA Financial Corp. 1.693 40.82
MBSP...... Mitchell Bancorp Inc. -- NA
MCBN...... Mid-Coast Bancorp Inc. 2.667 54.84
MCBS...... Mid Continent Bancshares Inc. 1.495 22.86
MDBK...... Medford Savings Bank 2.483 37.50
MECH...... Mechanics Savings Bank -- NA
MERI...... Meritrust Federal SB 1.818 38.24
METF...... Metropolitan Financial Corp. -- NA
MFBC...... MFB Corp. 1.673 32.35
MFCX...... Marshalltown Financial Corp. -- --
MFFC...... Milton Federal Financial Corp. 4.404 706.98
MFLR...... Mayflower Co-operative Bank 3.692 36.84
MFSL...... Maryland Federal Bancorp 1.818 34.50
MGNL...... Magna Bancorp Inc. 2.553 39.77
MIFC...... Mid-Iowa Financial Corp. 0.914 12.90
MIVI...... Mississippi View Holding Co. 1.094 41.38
MLBC...... ML Bancorp Inc. 2.177 31.15
MRKF...... Market Financial Corporation -- NA
MSBF...... MSB Financial Inc. 2.545 40.00
MSBK...... Mutual Savings Bank FSB -- --
MWBI...... Midwest Bancshares Inc. 1.905 32.56
MWBX...... MetroWest Bank 2.182 31.63
MWFD...... Midwest Federal Financial 1.700 26.05
NASB...... North American Savings Bank 1.778 17.42
NBN....... Northeast Bancorp 2.226 44.44
NBSI...... North Bancshares Inc. 2.494 82.35
NEIB...... Northeast Indiana Bancorp 2.133 33.70
NHTB...... New Hampshire Thrift Bncshrs 3.279 108.70
NASB...... NewMil Bancorp Inc. 2.526 37.29
NSBC...... NewSouth Bancorp, Inc. -- NA
NSLB...... NS&L Bancorp Inc. 3.030 113.64
NSSB...... Norwich Financial Corp. 2.635 43.08
NSSY...... Norwalk Savings Society 1.441 8.20
NTMG...... Nutmeg Federal S&LA -- 30.00
NWEQ...... Northwest Equity Corp. 3.254 47.62
NWSB...... Northwest Savings Bank, MHC 2.169 55.26
NYB....... New York Bancorp Inc. 1.805 25.18
OCFC...... Ocean Financial Corp. 2.570 NA
OCWN...... Ocwen Financial Corporation -- NA
OFCP...... Ottawa Financial Corp. 1.829 50.00
OHSL...... OHSL Financial Corp. 3.705 76.70
PALM...... Palfed, Inc. 0.727 150.00
PAMM...... PacificAmerica Money Center -- NA
PBCI...... Pamrapo Bancorp Inc. 5.000 95.36
PBCT...... People's Bank, MHC 2.757 42.42
PBIX...... Patriot Bank Corp. 2.188 53.69
PBKB...... People's Bancshares Inc. 3.290 25.83
PBNB...... People's Savings Financial Cp. 2.638 43.19
PCBC...... Perry County Financial Corp. 2.051 50.00
PCCI...... Pacific Crest Capital -- --
PDB....... Piedmont Bancorp Inc. 3.902 NA
PEEK...... Peekskill Financial Corp. 2.571 63.16
PERM...... Permanent Bancorp Inc. 1.224 56.82
PERT...... Perpetual Bank, MHC 5.185 106.19
PETE...... Primary Bank -- --
PFDC...... Peoples Bancorp 2.759 44.03
PFED...... Park Bancorp Inc. -- NA
PFFB...... PFF Bancorp Inc. -- --
PFFC...... Peoples Financial Corp. 3.200 NA
PFNC...... Progress Financial Corporation 0.889 14.63
PFSB...... PennFed Financial Services Inc 1.077 10.29
PFSL...... Pocahontas FS&LA, MHC 4.528 65.50
PHBK...... Peoples Heritage Finl Group 2.118 31.51
PHFC...... Pittsburgh Home Financial Corp 1.587 NA
PKPS...... Poughkeepsie Financial Corp. 1.495 76.92
PLE....... Pinnacle Bancshares Inc. 3.699 58.73
PLSK...... Pulaski Savings Bank, MHC 2.308 NA
PMFI...... Perpetual Midwest Financial 1.558 200.00
POBS...... Portsmouth Bank Shares 3.721 82.52
PRBC...... Prestige Bancorp Inc. 0.756 NA
PROV...... Provident Financial Holdings -- NA
PSBK...... Progressive Bank Inc. 2.473 23.26
PSFC...... Peoples-Sidney Financial Corp. -- NA
PSFI...... PS Financial Inc. 2.286 NA
PTRS...... Potters Financial Corp. 1.694 43.84
PULB...... Pulaski Bank, Savings Bk, MHC 5.517 197.92
PULS...... Pulse Bancorp 3.660 66.04
PVFC...... PVF Capital Corp. -- --
PVSA...... Parkvale Financial Corporation 1.908 31.07
PWBC...... PennFirst Bancorp Inc. 2.571 114.67
PWBK...... Pennwood Bancorp Inc. 1.867 NA
QCBC...... Quaker City Bancorp Inc. -- --
QCFB...... QCF Bancorp Inc. -- --
QCSB...... Queens County Bancorp Inc. 1.899 30.05
RARB...... Raritan Bancorp Inc. 2.361 30.64
RCSB...... RCSB Financial Inc. 1.406 21.77
REDF...... RedFed Bancorp Inc. -- --
RELI...... Reliance Bancshares Inc. -- NA
RELY...... Reliance Bancorp Inc. 2.510 50.00
RFED...... Roosevelt Financial Group 2.848 577.27
RIVR...... River Valley Bancorp -- NA
ROSE...... TR Financial Corp. 2.377 21.59
RSLN...... Roslyn Bancorp Inc. 1.103 NA
RVSB...... Riverview Savings Bank, MHC 1.090 24.06
SBCN...... Suburban Bancorporation Inc. 3.137 82.19
SBFL...... SB of the Finger Lakes, MHC 2.462 500.00
SBOS...... Boston Bancorp (The) NA 10.89
SCBS...... Southern Community Bancshares 2.182 NA
SCCB...... S. Carolina Community Bancshrs 3.179 111.11
SECP...... Security Capital Corporation 1.292 18.97
SFED...... SFS Bancorp Inc. 1.697 28.13
SFFC...... StateFed Financial Corporation 2.119 37.04
SFIN...... Statewide Financial Corp. 2.353 40.54
SFNB...... Security First Network Bank -- --
SFSB...... SuburbFed Financial Corp. 1.267 32.99
SFSL...... Security First Corp. 2.246 37.61
SGVB...... SGV Bancorp Inc. -- --
SHEN...... First Shenango Bancorp Inc. 1.959 32.65
SISB...... SIS Bancorp Inc. 1.677 3.58
SJSB...... SJS Bancorp 1.660 130.30
SKAN...... Skaneateles Bancorp Inc. 2.105 20.38
SKBO...... First Carnegie Deposit, MHC -- NA
SMBC...... Southern Missouri Bancorp Inc. 2.941 69.44
SMFC...... Sho-Me Financial Corp. -- --
SOBI...... Sobieski Bancorp Inc. 1.898 24.14
SOPN...... First Savings Bancorp Inc. 3.441 84.95
SOSA...... Somerset Savings Bank -- --
SPBC...... St. Paul Bancorp Inc. 1.468 31.87
SRN....... Southern Banc Company Inc. 2.393 228.26
SSB....... Scotland Bancorp Inc 1.832 NA
SSFC...... South Street Financial Corp. 2.462 NA
SSM....... Stone Street Bancorp Inc. 1.722 NA
STFR...... St. Francis Capital Corp. 1.613 28.95
STND...... Standard Financial Inc. 1.649 48.57
STSA...... Sterling Financial Corp. -- --
SVRN...... Sovereign Bancorp Inc. 0.590 11.89
SWBI...... Southwest Bancshares 3.619 75.51
SWCB...... Sandwich Co-operative Bank 3.902 50.46
SZB....... SouthFirst Bancshares Inc. 3.361 NA
TBK....... Tolland Bank 1.074 6.15
THR....... Three Rivers Financial Corp. 2.400 52.38
THRD...... TF Financial Corporation 2.222 43.04
TPNZ...... Tappan Zee Financial Inc. 1.212 33.90
TRIC...... Tri-County Bancorp Inc. 2.963 39.60
TSBS...... Trenton SB, MHC 1.842 40.70
TSH....... Teche Holding Co. 2.597 60.98
TWIN...... Twin City Bancorp 3.459 90.14
UBMT...... United Financial Corp. 4.923 95.79
UFRM...... United Federal Savings Bank 2.157 111.11
VABF...... Virginia Beach Fed. Financial 1.538 89.47
VFFC...... Virginia First Financial Corp. 0.449 5.56
WAMU...... Washington Mutual Inc. 1.827 97.92
WAYN...... Wayne Savings & Loan Co. MHC 3.439 189.26
WBST...... Webster Financial Corporation 1.942 39.11
WCBI...... Westco Bancorp 2.520 44.63
WCFB...... Webster City Federal SB, MHC 5.714 170.21
WEFC...... Wells Financial Corp. -- --
WEHO...... Westwood Homestead Fin. Corp. 2.084 NA
WES....... Westcorp 2.286 34.67
WFCO...... Winton Financial Corp. 3.505 40.95
WFSG...... Wilshire Financial Services -- NA
WFSL...... Washington Federal Inc. 3.352 45.07
WHGB...... WHG Bancshares Corp. 1.404 NA
WOFC...... Western Ohio Financial Corp. 4.706 208.33
WRNB...... Warren Bancorp Inc. 2.830 28.57
WSB....... Washington Savings Bank, FSB 2.051 34.48
WSFS...... WSFS Financial Corporation -- --
WSTR...... WesterFed Financial Corp. 2.087 51.60
WVFC...... WVS Financial Corporation 3.232 141.10
WWFC...... Westwood Financial Corporation 1.111 NA
WYNE...... Wayne Bancorp Inc. 1.039 NA
YFCB...... Yonkers Financial Corporation 1.368 NA
YFED...... York Financial Corp. 3.019 59.67
Average 1.822 60.53
Comparable Thrift Data
JOAC Joachim Bancorp Inc. 3.390 200.00
HBBI Home Building Bancorp 1.429 96.77
CSBF CSB Financial Group Inc. 0.000 0.00
MCBN Mid-Coast Bancorp Inc. 2.667 54.84
NSLB NS&L Bancorp Inc. 3.030 113.64
CKFB CKF Bancorp Inc. 2.286 165.52
ALBC Albion Banc Corp. 1.348 140.91
MIVI Mississippi View Holding Co. 1.094 41.38
ATSB AmTrust Capital Corp. 1.569 11.36
SCCB S. Carolina Community Bancshrs 3.179 111.11
Average 2.00 93.55
Maximum 3.39 200.00
Minimum 0.00 0.00
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CURRENT PRICING DATA AS OF 6/10/97
-------------------------------------------------------------------------------------------
PRICE/
LTM
CORE
EPS PRICE/ PRICE/ TANG
(X) PRICE/ PRICE/ PRICE/ PUBLICLY REP PUBLICLY REP
SHORT ASSETS EARNINGS LTM EPS BOOK VALUE BOOK VALUE
TICKER SHORT NAME NAME (%) (X) (X) (%) (%)
- -------------------------------------------------- ------ ------ -------- ------- ------------ ------------
%CAL...... CALIFORNIA FEDERAL BANK, A FSB NA NA NA NA NA NA
%CCMD..... CHEVY CHASE BANK, FSB NA NA NA NA NA NA
AABC...... ACCESS ANYTIME BANCORP, INC. NA 6.17 11.98 NA 90.69 90.69
AADV...... ADVANTAGE BANCORP INC. 15.91 12.18 13.18 38.12 137.84 148.82
ABBK...... ABINGTON BANCORP INC. 15.00 9.53 11.90 13.10 138.58 154.78
ABCL...... ALLIANCE BANCORP INC. 17.30 12.08 23.24 29.75 129.74 131.46
ABCW...... ANCHOR BANCORP WISCONSIN 11.82 10.51 11.15 15.34 168.09 171.49
AFBC...... ADVANCE FINANCIAL BANCORP NA 14.59 NA NA 94.49 94.49
AFCB...... AFFILIATED COMMUNITY BANCORP 14.85 14.99 13.61 17.01 150.96 151.89
AFED...... AFSALA BANCORP INC. NA 13.26 16.52 NA 88.60 88.83
AFFFZ..... AMERICA FIRST FINANCIAL FUND 7.12 10.46 10.92 8.39 133.66 135.57
AHCI...... AMBANC HOLDING CO. INC. NA 13.55 23.05 NA 106.50 106.50
AHM....... AHMANSON & COMPANY (H.F.) 17.47 9.17 12.75 35.22 232.94 275.96
ALBC...... ALBION BANC CORP. 24.47 8.67 12.78 104.55 97.38 97.38
ALBK...... ALBANK FINANCIAL CORPORATION 15.02 13.54 13.78 18.75 147.16 169.67
AMFB...... AMERICAN FEDERAL BANK FSB 18.98 26.28 18.53 23.58 292.53 313.76
AMFC...... AMB FINANCIAL CORP. NA 16.25 14.84 NA 99.72 99.72
ANA....... ACADIANA BANCSHARES INC. NA 20.61 15.93 NA 118.26 118.26
ANBK...... AMERICAN NATIONAL BANCORP 17.24 10.73 13.39 39.47 114.68 114.68
ANDB...... ANDOVER BANCORP INC. 11.35 12.55 11.90 11.61 155.59 155.59
ASBI...... AMERIANA BANCORP 15.20 12.56 14.35 21.53 115.84 115.93
ASBP...... ASB FINANCIAL CORP. 20.76 19.27 21.88 29.88 115.35 115.35
ASFC...... ASTORIA FINANCIAL CORPORATION 15.79 11.69 14.69 24.32 153.81 184.85
ATSB...... AMTRUST CAPITAL CORP. 47.22 9.45 21.25 28.98 92.93 93.96
AVND...... AVONDALE FINANCIAL CORP. NA 7.35 NA NA 89.05 89.05
BANC...... BANKATLANTIC BANCORP INC. 17.63 9.20 12.28 14.32 167.07 205.22
BDJI...... FIRST FEDERAL BANCORPORATION 18.45 12.36 21.59 36.54 110.59 110.59
BFD....... BOSTONFED BANCORP INC. 19.47 10.73 12.83 26.47 112.77 116.81
BFFC...... BIG FOOT FINANCIAL CORP. NA 18.69 NA NA 109.42 109.42
BFSB...... BEDFORD BANCSHARES INC. 12.94 17.54 13.28 16.68 115.82 115.82
BKC....... AMERICAN BANK OF CONNECTICUT 13.76 13.84 11.05 11.91 173.49 181.50
BKCO...... BANKERS CORP. 11.97 12.42 11.38 12.81 159.57 162.21
BKCT...... BANCORP CONNECTICUT INC. 14.63 15.93 12.38 13.99 153.18 153.18
BKUNA..... BANKUNITED FINANCIAL CORP. 18.16 5.86 20.05 41.85 131.31 163.41
BNKU...... BANK UNITED CORP. NA 10.09 12.54 NA 195.03 199.46
BPLS...... BANK PLUS CORP. NA 5.81 11.41 NA 118.24 118.51
BSBC...... BRANFORD SAVINGS BANK 14.22 15.25 12.89 14.22 159.88 159.88
BTHL...... BETHEL BANCORP 16.89 6.89 16.45 13.02 91.17 108.60
BVCC...... BAY VIEW CAPITAL CORP. 17.15 10.81 16.27 28.19 171.22 180.09
BWFC...... BANK WEST FINANCIAL CORP. 25.98 16.07 20.70 22.84 104.99 104.99
BYFC...... BROADWAY FINANCIAL CORP. 51.19 8.08 38.39 NA 75.33 75.33
CAFI...... CAMCO FINANCIAL CORP. 13.03 11.99 11.86 16.97 123.66 134.45
CAPS...... CAPITAL SAVINGS BANCORP INC. 15.54 13.72 14.87 22.70 158.40 158.40
CASB...... CASCADE FINANCIAL CORP. 21.59 11.08 20.65 28.79 179.41 179.41
CASH...... FIRST MIDWEST FINANCIAL INC. 11.43 12.22 13.79 16.67 105.40 119.14
CATB...... CATSKILL FINANCIAL CORP. NA 28.90 19.69 NA 107.14 107.14
CBCI...... CALUMET BANCORP INC. 14.39 17.20 13.19 17.43 107.86 107.86
CBCO...... CB BANCORP INC. 17.71 17.44 17.35 20.73 197.56 197.56
CBES...... CBES BANCORP INC. NA 18.16 15.63 NA 98.80 98.80
CBK....... CITIZENS FIRST FINANCIAL CORP. NA 15.97 27.68 NA 97.42 97.42
CBNH...... COMMUNITY BANKSHARES INC. 22.53 15.97 17.75 18.26 223.96 223.96
CBSA...... COASTAL BANCORP INC. 12.12 4.83 10.84 19.01 143.41 169.83
CBSB...... CHARTER FINANCIAL INC. 16.50 18.17 16.35 20.99 128.59 146.55
CCFH...... CCF HOLDING COMPANY 47.73 15.67 98.44 71.59 109.53 109.53
CEBK...... CENTRAL CO-OPERATIVE BANK 15.94 10.53 10.59 17.91 102.57 115.60
CENB...... CENTURY BANCORP INC. NA 28.12 14.74 NA 93.94 93.94
CENF...... CENFED FINANCIAL CORP. 11.70 7.92 12.97 17.10 155.24 155.55
CFB....... COMMERCIAL FEDERAL CORPORATION 13.09 11.19 12.12 18.59 188.92 212.28
CFCP...... COASTAL FINANCIAL CORP. 24.86 21.89 19.72 26.60 359.11 359.11
CFFC...... COMMUNITY FINANCIAL CORP. 13.31 17.18 12.23 17.05 124.72 124.72
CFHC...... CALIFORNIA FINANCIAL HOLDING 13.17 10.69 13.41 20.34 153.49 154.13
CFNC...... CAROLINA FINCORP INC. NA 24.70 20.14 NA 104.24 104.24
CFSB...... CFSB BANCORP INC. 16.38 14.71 13.81 21.59 192.78 192.78
CFTP...... COMMUNITY FEDERAL BANCORP 22.15 36.37 21.88 26.52 108.49 108.49
CFX....... CFX CORPORATION 13.52 13.65 12.67 16.59 178.05 191.10
CIBI...... COMMUNITY INVESTORS BANCORP 12.75 12.50 11.74 19.06 108.57 108.57
CKFB...... CKF BANCORP INC. 22.38 29.65 22.92 22.13 116.03 116.03
CLAS...... CLASSIC BANCSHARES INC. 27.36 14.94 17.26 45.31 100.14 119.15
CMRN...... CAMERON FINANCIAL CORP 16.75 22.72 18.21 20.94 99.00 99.00
CMSB...... COMMONWEALTH BANCORP INC. NA 11.86 13.84 NA 124.00 161.46
CMSV...... COMMUNITY SAVINGS, MHC 17.40 15.69 20.14 26.52 139.69 139.69
CNBA...... CHESTER BANCORP INC. NA 23.35 21.18 NA 105.17 105.17
CNIT...... CENIT BANCORP INC. 15.96 10.44 18.15 22.06 147.16 160.89
CNSB...... CNS BANCORP INC. NA 26.96 26.67 NA 108.62 108.62
CNY....... CARVER BANCORP INC. NA 5.74 NA NA 71.14 74.31
COFD...... COLLECTIVE BANCORP INC. 15.06 16.51 14.28 18.19 235.91 260.75
COFI...... CHARTER ONE FINANCIAL 13.62 16.09 13.10 17.41 237.46 255.24
CONE...... CONESTOGA BANCORP, INC. NA NA NA NA NA NA
COOP...... COOPERATIVE BANKSHARES INC. 105.00 8.99 14.19 NA 120.07 120.07
COVB...... COVEST BANCSHARES INC. 24.66 9.83 11.25 60.00 110.02 115.46
CRZY...... CRAZY WOMAN CREEK BANCORP 20.19 25.35 19.30 25.24 91.02 91.02
CSA....... COAST SAVINGS FINANCIAL 20.52 9.67 18.15 68.28 195.10 197.80
CSBF...... CSB FINANCIAL GROUP INC. 39.06 24.53 52.08 56.82 97.81 103.73
CTZN...... CITFED BANCORP INC. 15.20 10.92 13.50 21.91 172.53 193.71
CVAL...... CHESTER VALLEY BANCORP INC. 15.55 13.29 14.11 22.97 155.27 155.27
CZF....... CITISAVE FINANCIAL CORP 33.33 25.68 26.32 50.00 154.44 154.44
DCBI...... DELPHOS CITIZENS BANCORP INC. NA 27.01 13.14 NA 95.29 95.29
DFIN...... DAMEN FINANCIAL CORP. 23.36 20.35 22.27 30.32 100.92 100.92
DIBK...... DIME FINANCIAL CORP. 9.05 14.90 8.32 9.12 190.37 197.53
DIME...... DIME COMMUNITY BANCORP INC. NA 18.96 17.19 NA 123.02 143.34
DME....... DIME BANCORP INC. 13.16 9.90 14.01 16.87 173.58 175.15
DNFC...... D & N FINANCIAL CORP. 12.68 9.79 11.84 17.14 170.45 172.41
DSL....... DOWNEY FINANCIAL CORP. 15.43 10.60 11.82 26.20 145.19 147.36
EBCP...... EASTERN BANCORP 20.63 11.05 17.11 31.71 145.58 153.39
EBSI...... EAGLE BANCSHARES 14.13 11.10 15.05 18.90 127.55 127.55
EFBC...... EMPIRE FEDERAL BANCORP INC. NA 32.27 NA NA 87.54 87.54
EFBI...... ENTERPRISE FEDERAL BANCORP 19.53 14.69 15.12 22.06 119.12 119.27
EGFC...... EAGLE FINANCIAL CORP. 12.66 9.00 12.45 16.78 130.40 173.19
EGLB...... EAGLE BANCGROUP INC. NA 11.52 38.75 NA 95.21 95.21
EIRE...... EMERALD ISLE BANCORP INC. 12.09 9.90 12.01 12.76 142.24 142.24
EMLD...... EMERALD FINANCIAL CORP. 14.58 12.04 12.07 18.42 160.37 163.17
EQSB...... EQUITABLE FEDERAL SAVINGS BANK 10.89 7.37 8.97 17.43 145.52 145.52
ESBK...... ELMIRA SAVINGS BANK (THE) 24.13 6.58 21.61 23.31 102.72 107.29
ESX....... ESSEX BANCORP INC. NA 0.66 NA NA NA NA
ETFS...... EAST TEXAS FINANCIAL SERVICES 24.64 16.67 22.70 44.23 87.61 87.61
FAB....... FIRSTFED AMERICA BANCORP INC. NA 13.16 NA NA 105.58 105.58
FBBC...... FIRST BELL BANCORP INC. 12.45 14.09 13.11 14.54 138.17 138.17
FBCI...... FIDELITY BANCORP INC. 15.37 10.77 13.02 21.55 105.69 105.99
FBCV...... 1ST BANCORP 205.00 7.85 9.86 33.79 98.59 100.82
FBER...... 1ST BERGEN BANCORP NA 16.28 18.92 NA 99.02 99.02
FBHC...... FORT BEND HOLDING CORP. 16.36 7.38 10.69 29.12 118.25 127.59
FBSI...... FIRST BANCSHARES INC. 13.69 14.59 12.90 17.06 101.64 101.80
FCB....... FALMOUTH CO-OPERATIVE BANK 31.13 25.58 33.07 30.53 104.65 104.65
FCBF...... FCB FINANCIAL CORP. 20.97 22.67 19.96 25.26 129.51 129.51
FCIT...... FIRST CITIZENS FINANCIAL CORP. 17.79 12.30 16.48 26.61 201.53 201.53
FCME...... FIRST COASTAL CORPORATION 1.95 8.25 12.09 1.77 92.90 92.90
FDEF...... FIRST DEFIANCE FINANCIAL 25.00 24.16 20.59 32.56 112.81 112.81
FED....... FIRSTFED FINANCIAL CORP. 16.08 7.61 15.49 31.99 160.98 163.10
FESX...... FIRST ESSEX BANCORP INC. 12.69 10.69 14.62 11.14 146.21 169.69
FFBA...... FIRST COLORADO BANCORP INC. 16.59 19.47 15.30 22.47 153.02 155.16
FFBH...... FIRST FEDERAL BANCSHARES OF AR NA 18.25 14.68 NA 115.40 115.40
FFBI...... FIRST FINANCIAL BANCORP INC. 16.49 7.14 10.81 NA 91.43 91.43
FFBS...... FFBS BANCORP INC. 18.70 27.84 16.91 23.71 135.21 135.21
FFBZ...... FIRST FEDERAL BANCORP INC. 16.36 14.35 17.50 22.15 208.83 209.08
FFCH...... FIRST FINANCIAL HOLDINGS INC. 14.43 11.45 12.95 21.64 186.26 186.26
FFDB...... FIRSTFED BANCORP INCORPORATED 14.37 12.68 10.61 24.01 127.36 139.42
FFDF...... FFD FINANCIAL CORP. NA 22.81 23.88 NA 92.18 92.18
FFED...... FIDELITY FEDERAL BANCORP 33.33 8.95 11.25 60.00 174.08 174.08
FFES...... FIRST FEDERAL OF EAST HARTFORD 10.86 7.20 14.40 17.32 115.22 115.22
FFFC...... FFVA FINANCIAL CORP. 18.26 21.17 16.09 22.20 151.56 155.03
FFFD...... NORTH CENTRAL BANCSHARES INC. 14.54 26.23 14.41 16.73 106.67 106.67
FFFG...... F.F.O. FINANCIAL GROUP INC. 12.87 11.53 15.63 17.50 177.85 177.85
FFFL...... FIDELITY BANKSHARES INC., MHC 23.73 13.69 26.04 38.27 155.22 156.51
FFHC...... FIRST FINANCIAL CORP. 14.88 17.63 13.79 20.38 252.47 260.18
FFHH...... FSF FINANCIAL CORP. 18.07 14.01 16.63 22.77 104.76 104.76
FFHS...... FIRST FRANKLIN CORPORATION 18.47 10.68 17.67 78.85 121.09 121.95
FFIC...... FLUSHING FINANCIAL CORP. 22.74 18.82 18.88 21.70 117.53 117.53
FFKY...... FIRST FEDERAL FINANCIAL CORP. 14.84 21.26 12.84 17.76 156.25 166.37
FFLC...... FFLC BANCORP INC. 19.53 17.47 16.72 28.46 120.71 120.71
FFOH...... FIDELITY FINANCIAL OF OHIO 19.83 16.22 16.90 33.06 123.65 140.73
FFPB...... FIRST PALM BEACH BANCORP INC. 197.50 9.52 16.10 NA 140.80 144.51
FFSL...... FIRST INDEPENDENCE CORP. 15.24 10.38 17.63 23.50 98.87 98.87
FFSW...... FIRSTFEDERAL FINANCIAL SVCS 23.97 14.76 17.16 22.44 273.01 323.18
FFSX...... FIRST FED SB OF SIOUXLAND, MHC 19.49 14.05 18.55 34.33 172.67 174.24
FFWC...... FFW CORP. 10.88 11.44 10.32 13.33 114.29 114.29
FFWD...... WOOD BANCORP INC. 13.39 15.52 11.18 17.17 122.21 122.21
FFYF...... FFY FINANCIAL CORP. 16.51 18.98 13.96 22.83 134.62 134.62
FGHC...... FIRST GEORGIA HOLDING INC. 20.83 15.56 14.42 25.86 183.82 201.61
FIBC...... FINANCIAL BANCORP INC. 12.96 11.36 12.50 21.88 116.74 117.37
FISB...... FIRST INDIANA CORPORATION NA 15.16 14.06 17.38 158.22 160.23
FKFS...... FIRST KEYSTONE FINANCIAL 11.48 8.78 9.70 16.92 124.17 124.17
FKKY...... FRANKFORT FIRST BANCORP INC. 32.43 31.65 30.00 46.15 120.85 120.85
FLAG...... FLAG FINANCIAL CORP. 87.50 12.04 10.94 NA 128.05 128.05
FLFC...... FIRST LIBERTY FINANCIAL CORP. 14.76 13.15 12.07 17.00 179.02 200.09
FLGS...... FLAGSTAR BANCORP INC. NA NA NA NA NA NA
FLKY...... FIRST LANCASTER BANCSHARES NA 35.55 23.44 NA 103.88 103.88
FMBD...... FIRST MUTUAL BANCORP INC. 48.79 13.33 189.06 116.35 91.11 118.44
FMCO...... FMS FINANCIAL CORPORATION 11.41 10.13 10.68 17.28 161.07 164.45
FMSB...... FIRST MUTUAL SAVINGS BANK 12.59 10.92 11.35 12.06 163.51 163.51
FNGB...... FIRST NORTHERN CAPITAL CORP. 17.31 14.48 16.33 25.96 125.85 125.85
FOBC...... FED ONE BANCORP 15.07 14.46 15.53 22.04 120.09 126.08
FPRY...... FIRST FINANCIAL BANCORP NA NA NA NA NA NA
FRC....... FIRST REPUBLIC BANCORP 16.02 9.38 13.49 14.24 126.62 126.70
FSBI...... FIDELITY BANCORP INC. 12.05 9.40 12.50 19.05 134.95 134.95
FSFC...... FIRST SOUTHEAST FINANCIAL CORP 14.79 13.77 12.50 NA 134.62 134.62
FSLA...... FIRST SAVINGS BANK, MHC 21.04 17.86 18.57 37.13 194.23 219.18
FSNJ...... FIRST SAVINGS BK OF NJ, MHC 57.22 13.64 29.26 NA 159.15 159.15
FSPG...... FIRST HOME BANCORP INC. 10.81 10.26 10.24 11.88 155.74 158.57
FSSB...... FIRST FS&LA OF SAN BERNARDINO NA 2.87 NA NA 66.25 68.76
FSTC...... FIRST CITIZENS CORPORATION 9.82 15.28 9.24 9.71 163.04 207.29
FTF....... TEXARKANA FIRST FINANCIAL CORP 10.96 19.35 10.57 13.45 120.75 120.75
FTFC...... FIRST FEDERAL CAPITAL CORP. 15.67 12.04 13.27 18.79 189.42 202.07
FTNB...... FULTON BANCORP INC. NA 34.14 35.27 NA 136.49 136.49
FTSB...... FORT THOMAS FINANCIAL CORP. 22.34 16.58 17.50 36.21 103.04 103.04
FWWB...... FIRST SB OF WASHINGTON BANCORP 22.68 23.80 17.19 25.58 145.60 158.50
GAF....... GA FINANCIAL INC. 19.03 21.01 17.45 20.94 112.12 112.12
GBCI...... GLACIER BANCORP INC. 13.11 19.69 13.79 14.68 205.92 211.92
GDVS...... GREATER DELAWARE VALLEY SB,MHC 52.08 17.14 18.38 NA 149.34 149.34
GDW....... GOLDEN WEST FINANCIAL 8.94 10.36 12.03 10.83 165.32 165.32
GFCO...... GLENWAY FINANCIAL CORP. 13.69 9.37 11.98 24.47 99.74 101.32
GFED...... GUARANTY FEDERAL SB, MHC 36.22 28.30 31.70 59.17 204.49 204.49
GFSB...... GFS BANCORP INC. 13.34 15.55 12.39 16.52 134.32 134.32
GLBK...... GLENDALE CO-OPERATIVE BANK 25.00 17.91 23.88 24.32 109.36 109.36
GLN....... GLENDALE FEDERAL BANK FSB 20.02 8.70 20.17 78.31 173.91 186.97
GPT....... GREENPOINT FINANCIAL CORP. 20.63 22.10 16.62 18.55 180.79 315.50
GRTR...... GREATER NEW YORK SAVINGS BANK 28.04 10.44 24.53 24.23 170.95 170.95
GSBC...... GREAT SOUTHERN BANCORP INC. 14.08 20.44 11.96 15.95 227.89 227.89
GSFC...... GREEN STREET FINANCIAL CORP. NA 43.75 26.10 NA 121.24 121.24
GSLA...... GS FINANCIAL CORP. NA NA NA NA NA NA
GTFN...... GREAT FINANCIAL CORPORATION 23.77 15.82 15.92 23.28 170.20 177.91
GTPS...... GREAT AMERICAN BANCORP 41.78 20.26 39.69 99.22 86.47 86.47
GUPB...... GFSB BANCORP INC. 22.02 17.86 22.02 27.61 109.60 109.60
GWBC...... GATEWAY BANCORP INC. NA 27.18 21.88 31.97 104.17 104.17
GWF....... GREAT WESTERN FINANCIAL 26.37 16.28 28.76 76.70 288.46 325.77
HALL...... HALLMARK CAPITAL CORP. 12.74 7.14 11.01 16.74 102.17 102.17
HARB...... HARBOR FEDERAL SAVINGS BK, MHC 14.91 17.01 14.35 19.62 206.97 215.08
HARL...... HARLEYSVILLE SAVINGS BANK 12.09 10.92 11.00 17.19 171.61 171.61
HARS...... HARRIS SAVINGS BANK, MHC 22.62 12.02 12.39 56.25 151.81 175.93
HAVN...... HAVEN BANCORP INC. 10.30 8.52 11.49 15.38 147.00 147.57
HBBI...... HOME BUILDING BANCORP 28.00 13.98 15.44 67.74 105.63 105.63
HBEI...... HOME BANCORP OF ELGIN INC. NA 31.02 28.35 NA 110.32 110.32
HBFW...... HOME BANCORP 18.53 16.61 15.72 29.23 119.05 119.05
HBNK...... HIGHLAND FEDERAL BANK FSB 21.81 10.37 9.91 38.27 138.94 138.94
HBS....... HAYWOOD BANCSHARES INC. 13.64 14.12 16.50 19.41 99.88 103.71
HCBB...... HCB BANCSHARES INC. NA NA NA NA NA NA
HCFC...... HOME CITY FINANCIAL CORP. NA 18.84 16.88 NA 84.11 84.11
HEMT...... HF BANCORP INC. 50.00 8.61 56.25 NA 104.90 128.21
HFFB...... HARRODSBURG FIRST FIN BANCORP 20.61 28.54 20.07 26.29 99.87 99.87
HFFC...... HF FINANCIAL CORP. 13.18 10.28 11.46 17.99 116.60 116.88
HFGI...... HARRINGTON FINANCIAL GROUP 15.33 7.27 11.06 22.55 151.92 151.92
HFNC...... HFNC FINANCIAL CORP. 24.13 35.44 36.20 32.18 188.24 188.24
HFSA...... HARDIN BANCORP INC. 17.62 12.16 16.62 28.68 95.15 95.15
HHFC...... HARVEST HOME FINANCIAL CORP. 21.00 11.81 14.58 45.65 94.51 94.51
HIFS...... HINGHAM INSTIT. FOR SAVINGS 10.98 12.02 9.69 10.98 125.91 125.91
HMCI...... HOMECORP INC. 20.07 7.17 16.96 71.25 113.82 113.82
HMLK...... HEMLOCK FEDERAL FINANCIAL CORP NA NA NA NA NA NA
HMNF...... HMN FINANCIAL INC. 18.27 16.27 14.06 21.38 114.24 114.24
HOMF...... HOME FEDERAL BANCORP 12.50 13.92 11.17 14.42 164.75 170.31
HPBC...... HOME PORT BANCORP INC. 12.05 19.71 12.05 11.98 182.27 182.27
HRBF...... HARBOR FEDERAL BANCORP INC. 21.18 14.39 18.75 33.33 111.87 111.87
HRZB...... HORIZON FINANCIAL CORP. 15.20 22.25 13.84 14.90 146.09 146.09
HTHR...... HAWTHORNE FINANCIAL CORP. 29.73 3.45 16.18 35.48 88.92 88.92
HVFD...... HAVERFIELD CORPORATION 16.05 14.51 15.12 29.55 172.87 172.87
HWEN...... HOME FINANCIAL BANCORP NA 19.40 23.16 NA 104.17 104.17
HZFS...... HORIZON FINANCIAL SVCS CORP. 18.16 10.45 13.37 25.00 99.59 99.59
IBSF...... IBS FINANCIAL CORP. 26.88 24.00 31.01 46.07 140.83 140.83
IFSB...... INDEPENDENCE FEDERAL SAVINGS 13.85 4.38 9.78 31.03 67.21 76.66
IFSL...... INDIANA FEDERAL CORPORATION 17.37 15.63 14.23 24.54 177.98 189.45
INBI...... INDUSTRIAL BANCORP 15.90 20.36 13.09 27.92 110.11 110.11
INCB...... INDIANA COMMUNITY BANK SB 33.85 16.41 27.08 108.33 132.44 132.44
IPSW...... IPSWICH SAVINGS BANK 14.24 11.75 10.77 11.22 190.63 190.63
ISBF...... ISB FINANCIAL CORPORATION 20.95 17.34 20.04 28.35 133.24 157.09
ITLA...... ITLA CAPITAL CORP. 11.03 14.49 10.42 11.03 127.44 127.99
IWBK...... INTERWEST BANCORP INC. 15.22 15.84 14.34 19.77 236.33 241.88
JOAC...... JOACHIM BANCORP INC. 37.82 31.46 52.68 59.00 108.54 108.54
JSBA...... JEFFERSON SAVINGS BANCORP 14.72 11.12 12.29 36.71 124.89 163.93
JSBF...... JSB FINANCIAL INC. 18.22 28.90 17.86 17.24 130.36 130.36
JXSB...... JACKSONVILLE SAVINGS BANK, MHC 25.36 13.59 21.88 54.69 131.98 131.98
JXVL...... JACKSONVILLE BANCORP INC. NA 17.67 13.39 NA 113.04 113.04
KFBI...... KLAMATH FIRST BANCORP 22.28 27.59 17.54 32.65 123.05 123.05
KNK....... KANKAKEE BANCORP INC. 15.43 12.03 14.22 20.28 112.67 120.33
KSAV...... KS BANCORP INC. 12.29 14.48 12.22 17.19 104.76 104.81
KSBK...... KSB BANCORP INC. 8.87 9.73 9.94 10.03 135.75 144.29
KYF....... KENTUCKY FIRST BANCORP INC. 16.03 16.41 13.83 20.49 101.87 101.87
LARK...... LANDMARK BANCSHARES INC. 16.19 15.96 15.43 20.57 109.06 109.06
LARL...... LAUREL CAPITAL GROUP INC. 11.67 15.09 11.41 14.58 144.73 144.73
LFBI...... LITTLE FALLS BANCORP INC. 25.47 12.21 19.85 48.21 94.47 102.66
LFED...... LEEDS FEDERAL SAVINGS BK, MHC 20.22 22.06 18.00 28.13 136.26 136.26
LIFB...... LIFE BANCORP INC. 17.96 15.96 15.84 22.81 147.94 152.60
LISB...... LONG ISLAND BANCORP INC. 21.01 14.53 17.10 24.91 161.31 162.89
LOGN...... LOGANSPORT FINANCIAL CORP. 14.72 20.99 15.06 18.93 106.77 106.77
LONF...... LONDON FINANCIAL CORPORATION NA 20.37 22.06 NA 102.53 102.53
LSBI...... LSB FINANCIAL CORP. 22.41 9.80 11.89 19.12 100.41 100.41
LSBX...... LAWRENCE SAVINGS BANK 8.40 13.38 9.27 8.40 152.27 152.27
LVSB...... LAKEVIEW FINANCIAL 16.86 14.10 13.66 11.75 148.17 185.30
LXMO...... LEXINGTON B&L FINANCIAL CORP. NA 27.77 29.33 NA 100.53 100.53
MAFB...... MAF BANCORP INC. 13.10 13.29 11.99 17.55 168.64 194.21
MARN...... MARION CAPITAL HOLDINGS 15.10 23.58 11.72 18.29 102.32 102.32
MASB...... MASSBANK CORP. 12.96 12.67 11.81 12.04 126.90 126.90
MBB....... MSB BANCORP INC. 18.32 6.47 19.27 56.06 93.81 218.42
MBBC...... MONTEREY BAY BANCORP INC. 27.80 12.39 26.88 50.39 107.43 117.19
MBLF...... MBLA FINANCIAL CORP. 18.46 14.82 21.88 24.11 109.83 109.83
MBSP...... MITCHELL BANCORP INC. NA 47.83 24.63 NA 110.42 110.42
MCBN...... MID-COAST BANCORP INC. 13.00 7.76 9.20 20.97 90.24 90.24
MCBS...... MID CONTINENT BANCSHARES INC. 13.44 14.11 13.38 15.29 137.46 137.46
MDBK...... MEDFORD SAVINGS BANK 13.36 12.49 12.08 12.95 141.95 153.36
MECH...... MECHANICS SAVINGS BANK NA 12.58 12.02 NA 129.31 129.31
MERI...... MERITRUST FEDERAL SB 14.05 13.04 11.46 22.65 164.95 164.95
METF...... METROPOLITAN FINANCIAL CORP. NA 6.33 10.66 NA 166.09 185.19
MFBC...... MFB CORP. 19.13 14.16 15.94 28.13 97.63 97.63
MFCX...... MARSHALLTOWN FINANCIAL CORP. 27.27 16.66 22.06 51.72 106.69 106.69
MFFC...... MILTON FEDERAL FINANCIAL CORP. 23.90 17.74 26.20 31.69 111.50 111.50
MFLR...... MAYFLOWER CO-OPERATIVE BANK 13.21 11.60 10.69 12.22 123.01 125.19
MFSL...... MARYLAND FEDERAL BANCORP 15.17 12.52 15.71 22.00 148.30 150.32
MGNL...... MAGNA BANCORP INC. 15.06 23.37 14.69 17.80 244.54 252.69
MIFC...... MID-IOWA FINANCIAL CORP. NA 11.87 11.51 14.11 130.40 130.60
MIVI...... MISSISSIPPI VIEW HOLDING CO. 17.21 17.17 17.41 25.22 94.05 94.05
MLBC...... ML BANCORP INC. 17.17 9.77 14.82 15.06 141.02 NA
MRKF...... MARKET FINANCIAL CORPORATION NA 31.71 NA NA 91.67 91.67
MSBF...... MSB FINANCIAL INC. 13.92 18.33 13.75 17.60 110.33 110.33
MSBK...... MUTUAL SAVINGS BANK FSB NA 5.24 203.13 50.78 87.27 87.27
MWBI...... MIDWEST BANCSHARES INC. 11.50 7.89 11.93 18.31 113.80 113.80
MWBX...... METROWEST BANK 11.22 13.82 11.46 11.22 188.36 188.36
MWFD...... MIDWEST FEDERAL FINANCIAL 16.67 16.16 12.50 16.81 187.62 195.31
NASB...... NORTH AMERICAN SAVINGS BANK 12.00 14.73 8.65 11.72 184.80 191.00
NBN....... NORTHEAST BANCORP 21.78 7.40 12.39 19.97 106.56 123.28
NBSI...... NORTH BANCSHARES INC. 27.50 16.60 21.88 37.75 113.64 113.64
NEIB...... NORTHEAST INDIANA BANCORP 13.89 15.30 12.50 16.30 100.87 100.87
NHTB...... NEW HAMPSHIRE THRIFT BNCSHRS 21.48 9.94 12.30 33.15 133.07 157.05
NASB...... NEWMIL BANCORP INC. 16.67 11.65 14.84 16.10 116.85 116.85
NSBC...... NEWSOUTH BANCORP, INC. NA NA NA NA NA NA
NSLB...... NS&L BANCORP INC. 28.45 20.10 21.71 37.50 100.86 100.86
NSSB...... NORWICH FINANCIAL CORP. 17.42 16.36 14.76 16.35 148.91 166.02
NSSY...... NORWALK SAVINGS SOCIETY 42.05 10.80 16.13 11.37 134.12 139.10
NTMG...... NUTMEG FEDERAL S&LA 21.69 5.71 11.52 29.50 100.34 100.34
NWEQ...... NORTHWEST EQUITY CORP. 13.92 13.01 12.72 17.56 103.95 103.95
NWSB...... NORTHWEST SAVINGS BANK, MHC 17.56 17.26 18.44 25.88 177.71 189.35
NYB....... NEW YORK BANCORP INC. 14.39 17.15 10.26 14.78 338.94 338.94
OCFC...... OCEAN FINANCIAL CORP. NA 20.32 18.53 NA 114.01 114.01
OCWN...... OCWEN FINANCIAL CORPORATION NA 31.10 12.20 NA 366.07 366.07
OFCP...... OTTAWA FINANCIAL CORP. 18.54 12.84 16.08 31.25 145.16 181.38
OHSL...... OHSL FINANCIAL CORP. 16.16 12.48 14.14 23.06 113.10 113.10
PALM...... PALFED, INC. 23.57 13.28 16.50 NA 163.85 163.85
PAMM...... PACIFICAMERICA MONEY CENTER NA 47.48 5.47 NA 211.61 211.61
PBCI...... PAMRAPO BANCORP INC. 14.93 15.59 11.90 20.62 121.73 122.77
PBCT...... PEOPLE'S BANK, MHC 22.61 19.58 16.80 18.32 232.80 233.03
PBIX...... PATRIOT BANK CORP. 20.25 11.49 20.00 30.77 125.98 125.98
PBKB...... PEOPLE'S BANCSHARES INC. 17.60 8.75 9.29 11.15 156.07 162.91
PBNB...... PEOPLE'S SAVINGS FINANCIAL CP. 17.18 13.88 16.15 16.37 144.47 154.25
PCBC...... PERRY COUNTY FINANCIAL CORP. 15.00 19.78 15.73 24.38 107.97 107.97
PCCI...... PACIFIC CREST CAPITAL 14.22 10.61 11.46 12.01 146.80 146.80
PDB....... PIEDMONT BANCORP INC. 26.28 23.79 18.30 NA 140.22 140.22
PEEK...... PEEKSKILL FINANCIAL CORP. 18.92 24.56 20.59 24.56 96.02 96.02
PERM...... PERMANENT BANCORP INC. 25.52 12.36 19.14 55.68 127.34 128.61
PERT...... PERPETUAL BANK, MHC 17.31 16.54 16.88 23.89 136.29 136.29
PETE...... PRIMARY BANK 15.33 11.68 15.23 14.86 176.37 176.76
PFDC...... PEOPLES BANCORP 11.95 17.50 12.08 16.23 115.32 115.32
PFED...... PARK BANCORP INC. NA 20.15 19.41 NA 92.94 92.94
PFFB...... PFF BANCORP INC. 26.54 11.24 27.01 100.83 107.35 108.58
PFFC...... PEOPLES FINANCIAL CORP. NA 25.98 27.90 NA 96.57 96.57
PFNC...... PROGRESS FINANCIAL CORPORATION 16.67 8.57 8.04 21.95 163.04 185.95
PFSB...... PENNFED FINANCIAL SERVICES INC 12.68 10.01 11.82 19.12 122.58 148.66
PFSL...... POCAHONTAS FS&LA, MHC 13.34 8.67 12.74 15.41 136.04 136.04
PHBK...... PEOPLES HERITAGE FINL GROUP 14.53 17.71 14.17 15.53 215.74 255.64
PHFC...... PITTSBURGH HOME FINANCIAL CORP NA 12.66 16.44 NA 110.32 111.62
PKPS...... POUGHKEEPSIE FINANCIAL CORP. NA 9.78 18.58 51.45 116.11 116.11
PLE....... PINNACLE BANCSHARES INC. 11.50 9.64 9.65 17.16 124.71 128.87
PLSK...... PULASKI SAVINGS BANK, MHC NA NA NA NA NA NA
PMFI...... PERPETUAL MIDWEST FINANCIAL 37.75 9.23 21.88 128.33 108.70 108.70
POBS...... PORTSMOUTH BANK SHARES 18.32 36.02 15.50 15.97 143.33 143.33
PRBC...... PRESTIGE BANCORP INC. NA 11.51 17.26 NA 98.54 98.54
PROV...... PROVIDENT FINANCIAL HOLDINGS NA 13.44 16.80 NA 94.52 94.52
PSBK...... PROGRESSIVE BANK INC. 11.18 11.98 12.50 11.22 143.45 161.96
PSFC...... PEOPLES-SIDNEY FINANCIAL CORP. NA NA NA NA NA NA
PSFI...... PS FINANCIAL INC. NA 40.67 17.50 NA 94.09 94.09
PTRS...... POTTERS FINANCIAL CORP. 13.45 8.85 6.04 29.11 99.35 99.35
PULB...... PULASKI BANK, SAVINGS BK, MHC 25.89 21.34 22.66 37.76 164.18 164.18
PULS...... PULSE BANCORP 11.81 11.35 10.63 18.04 145.55 145.55
PVFC...... PVF CAPITAL CORP. 7.26 11.74 9.18 12.50 167.13 167.13
PVSA...... PARKVALE FINANCIAL CORPORATION 11.45 11.38 11.17 17.14 152.15 153.43
PWBC...... PENNFIRST BANCORP INC. 12.61 7.75 12.07 18.67 109.63 120.17
PWBK...... PENNWOOD BANCORP INC. NA 19.09 17.05 NA 98.04 98.04
QCBC...... QUAKER CITY BANCORP INC. 17.58 9.79 13.79 32.65 109.89 110.04
QCFB...... QCF BANCORP INC. 11.45 19.54 11.39 14.04 108.01 108.01
QCSB...... QUEENS COUNTY BANCORP INC. 20.55 34.16 15.96 20.25 198.52 198.52
RARB...... RARITAN BANCORP INC. 13.80 12.45 13.15 14.95 162.23 165.22
RCSB...... RCSB FINANCIAL INC. 17.79 15.68 16.94 17.21 199.85 205.03
REDF...... REDFED BANCORP INC. 25.42 12.02 11.91 169.44 147.06 147.20
RELI...... RELIANCE BANCSHARES INC. NA 41.85 27.68 NA 87.18 NA
RELY...... RELIANCE BANCORP INC. 14.57 11.68 13.86 22.57 145.22 207.15
RFED...... ROOSEVELT FINANCIAL GROUP 14.30 13.55 12.98 217.05 240.92 NA
RIVR...... RIVER VALLEY BANCORP NA 12.48 11.69 NA 100.90 102.47
ROSE...... TR FINANCIAL CORP. 14.11 11.33 12.43 12.43 171.30 171.30
RSLN...... ROSLYN BANCORP INC. NA 27.76 NA NA 128.73 129.37
RVSB...... RIVERVIEW SAVINGS BANK, MHC 18.52 21.54 16.13 23.53 193.05 212.77
SBCN...... SUBURBAN BANCORPORATION INC. 18.04 12.71 14.94 26.20 106.13 106.13
SBFL...... SB OF THE FINGER LAKES, MHC 116.07 13.63 40.63 203.13 144.19 144.19
SBOS...... BOSTON BANCORP (THE) NA NA NA NA NA NA
SCBS...... SOUTHERN COMMUNITY BANCSHARES NA 22.31 17.19 NA 101.55 101.55
SCCB...... S. CAROLINA COMMUNITY BANCSHRS 26.96 28.64 26.22 34.95 110.32 110.32
SECP...... SECURITY CAPITAL CORPORATION 17.86 23.44 16.01 21.35 156.96 156.96
SFED...... SFS BANCORP INC. 14.86 12.42 21.71 25.78 95.60 95.60
SFFC...... STATEFED FINANCIAL CORPORATION 13.98 17.49 13.48 17.48 99.34 99.34
SFIN...... STATEWIDE FINANCIAL CORP. 13.28 11.98 13.28 22.97 128.69 128.98
SFNB...... SECURITY FIRST NETWORK BANK NA 58.26 NA NA 145.12 147.45
SFSB...... SUBURBFED FINANCIAL CORP. 15.98 7.81 12.88 26.03 118.94 119.44
SFSL...... SECURITY FIRST CORP. 14.54 16.85 13.70 18.27 179.92 183.16
SGVB...... SGV BANCORP INC. 22.46 7.76 25.48 57.61 106.77 108.70
SHEN...... FIRST SHENANGO BANCORP INC. NA 12.61 11.14 16.67 117.85 117.85
SISB...... SIS BANCORP INC. 8.62 11.55 14.31 8.54 157.02 157.02
SJSB...... SJS BANCORP 31.55 15.81 25.48 80.30 150.06 150.06
SKAN...... SKANEATELES BANCORP INC. 12.50 7.49 11.31 12.10 109.13 112.83
SKBO...... FIRST CARNEGIE DEPOSIT, MHC NA NA NA NA NA NA
SMBC...... SOUTHERN MISSOURI BANCORP INC. 16.67 16.81 16.35 23.61 107.26 107.26
SMFC...... SHO-ME FINANCIAL CORP. 18.97 18.46 14.68 22.29 176.27 176.27
SOBI...... SOBIESKI BANCORP INC. 25.88 14.17 20.49 50.86 84.19 84.19
SOPN...... FIRST SAVINGS BANCORP INC. 20.58 31.70 20.04 25.00 128.88 128.88
SOSA...... SOMERSET SAVINGS BANK 14.15 8.57 11.20 14.15 145.30 145.30
SPBC...... ST. PAUL BANCORP INC. 17.77 16.65 16.34 26.58 190.49 191.05
SRN....... SOUTHERN BANC COMPANY INC. 27.08 17.14 30.47 63.59 101.42 102.49
SSB....... SCOTLAND BANCORP INC NA 43.71 24.08 NA 119.18 119.18
SSFC...... SOUTH STREET FINANCIAL CORP. NA 30.60 23.90 NA 111.00 111.00
SSM....... STONE STREET BANCORP INC. NA 45.20 22.52 NA 126.09 126.09
STFR...... ST. FRANCIS CAPITAL CORP. 16.62 10.15 13.28 19.57 124.53 141.53
STND...... STANDARD FINANCIAL INC. 22.45 15.79 23.32 34.64 144.86 145.04
STSA...... STERLING FINANCIAL CORP. 21.60 6.23 14.58 125.00 159.38 187.97
SVRN...... SOVEREIGN BANCORP INC. NA 9.21 28.26 22.23 205.50 280.23
SWBI...... SOUTHWEST BANCSHARES 15.44 14.91 14.58 21.43 138.25 138.25
SWCB...... SANDWICH CO-OPERATIVE BANK 13.85 12.33 14.50 14.11 149.64 156.97
SZB....... SOUTHFIRST BANCSHARES INC. 87.50 13.15 26.56 NA 94.03 94.03
TBK....... TOLLAND BANK 13.40 9.20 12.58 14.33 136.65 140.99
THR....... THREE RIVERS FINANCIAL CORP. 16.13 13.55 16.30 23.81 98.49 98.88
THRD...... TF FINANCIAL CORPORATION 16.36 11.42 15.52 22.78 97.24 111.59
TPNZ...... TAPPAN ZEE FINANCIAL INC. 20.12 20.78 21.71 27.97 119.22 119.22
TRIC...... TRI-COUNTY BANCORP INC. 15.82 14.34 13.32 20.05 93.62 93.62
TSBS...... TRENTON SB, MHC 25.33 27.41 21.59 22.09 164.64 180.09
TSH....... TECHE HOLDING CO. 16.89 16.81 13.37 23.48 126.40 126.40
TWIN...... TWIN CITY BANCORP 18.50 15.11 15.42 26.06 116.94 116.94
UBMT...... UNITED FINANCIAL CORP. 16.81 22.14 16.25 20.53 97.79 97.79
UFRM...... UNITED FEDERAL SAVINGS BANK 27.81 12.63 16.36 61.81 166.04 166.04
VABF...... VIRGINIA BEACH FED. FINANCIAL 26.00 10.64 18.06 68.42 156.82 156.82
VFFC...... VIRGINIA FIRST FINANCIAL CORP. 25.87 15.80 14.64 12.36 196.04 203.01
WAMU...... WASHINGTON MUTUAL INC. 23.72 14.62 15.31 59.31 291.54 309.11
WAYN...... WAYNE SAVINGS & LOAN CO. MHC 24.77 16.03 24.77 56.91 175.76 175.76
WBST...... WEBSTER FINANCIAL CORPORATION 13.59 8.82 NA 23.01 173.64 206.35
WCBI...... WESTCO BANCORP 15.17 19.63 15.26 19.68 126.06 126.06
WCFB...... WEBSTER CITY FEDERAL SB, MHC NA 31.56 20.59 29.79 133.97 133.97
WEFC...... WELLS FINANCIAL CORP. 13.73 14.04 12.07 21.54 98.59 98.59
WEHO...... WESTWOOD HOMESTEAD FIN. CORP. NA 29.40 24.00 NA 94.97 94.97
WES....... WESTCORP 70.00 13.37 14.58 15.35 142.39 142.74
WFCO...... WINTON FINANCIAL CORP. 10.76 8.49 8.20 12.50 118.67 121.42
WFSG...... WILSHIRE FINANCIAL SERVICES NA 10.51 9.78 NA 179.83 179.83
WFSL...... WASHINGTON FEDERAL INC. 12.44 21.51 11.93 13.82 186.17 206.69
WHGB...... WHG BANCSHARES CORP. NA 22.28 25.45 NA 101.79 101.79
WOFC...... WESTERN OHIO FINANCIAL CORP. 31.25 12.28 37.95 44.27 91.56 97.12
WRNB...... WARREN BANCORP INC. 11.70 18.77 7.41 9.72 185.98 185.98
WSB....... WASHINGTON SAVINGS BANK, FSB 11.61 8.02 7.62 16.81 96.34 96.34
WSFS...... WSFS FINANCIAL CORPORATION 9.81 10.81 9.96 9.88 210.74 212.85
WSTR...... WESTERFED FINANCIAL CORP. 17.97 11.98 20.13 24.85 109.14 138.13
WVFC...... WVS FINANCIAL CORPORATION 12.31 15.36 11.90 15.18 120.73 120.73
WWFC...... WESTWOOD FINANCIAL CORPORATION NA 10.76 14.52 NA 116.73 131.68
WYNE...... WAYNE BANCORP INC. NA 16.91 19.25 NA 116.17 116.17
YFCB...... YONKERS FINANCIAL CORPORATION NA 16.35 14.06 NA 106.91 106.91
YFED...... YORK FINANCIAL CORP. 16.43 11.97 11.83 20.70 142.07 142.07
------ ------ ------- ------ -------- -------
AVERAGE... 20.60 15.76 17.64 28.57 136.67 142.07
Comparable Thrift Data
JOAC...... JOACHIM BANCORP INC. 37.82 31.46 52.68 59.00 108.54 108.54
HBBI...... HOME BUILDING BANCORP 28.00 13.98 15.44 67.74 105.63 105.63
CSBF...... CSB FINANCIAL GROUP INC. 39.06 24.53 52.08 56.82 97.81 103.73
MCBN...... MID-COAST BANCORP INC. 13.00 7.76 9.20 20.97 90.24 90.24
NSLB...... NS&L BANCORP INC. 28.45 20.10 21.71 37.50 100.86 100.86
CKFB...... CKF BANCORP INC. 22.38 29.65 22.92 22.13 116.03 116.03
ALBC...... ALBION BANC CORP. 24.47 8.67 12.78 104.55 97.38 97.38
MIVI...... MISSISSIPPI VIEW HOLDING CO. 17.21 17.17 17.41 25.22 94.05 94.05
ATSB...... AMTRUST CAPITAL CORP. 47.22 9.45 21.25 28.98 92.93 93.96
SCCB...... S. CAROLINA COMMUNITY BANCSHRS 26.96 28.64 26.22 34.95 110.32 110.32
AVERAGE... 28.46 19.14 25.17 45.79 101.38 102.07
MAXIMUM... 47.22 31.46 52.68 104.55 116.03 116.03
MINIMUM... 13.00 7.76 9.20 20.97 90.24 90.24
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
PRODUCTIVITY
FULL TIME
EQUIVALENT
EMPLOYEES
TICKER SHORT NAME MOST RECENT QTR
- ------------------------------------------------------------ ---------------
%CAL...... California Federal Bank, a FSB NA
%CCMD..... Chevy Chase Bank, FSB NA
AABC...... Access Anytime Bancorp, Inc. NA
AADV...... Advantage Bancorp Inc. 263
ABBK...... Abington Bancorp Inc. 160
ABCL...... Alliance Bancorp Inc. 460
ABCW...... Anchor BanCorp Wisconsin 561
AFBC...... Advance Financial Bancorp NA
AFCB...... Affiliated Community Bancorp 195
AFED...... AFSALA Bancorp Inc. NA
AFFFZ..... America First Financial Fund 396
AHCI...... Ambanc Holding Co. Inc. NA
AHM....... Ahmanson & Company (H.F.) 7,890
ALBC...... Albion Banc Corp. NA
ALBK...... ALBANK Financial Corporation 1,174
AMFB...... American Federal Bank FSB NA
AMFC...... AMB Financial Corp. NA
ANA....... Acadiana Bancshares Inc. NA
ANBK...... American National Bancorp NA
ANDB...... Andover Bancorp Inc. 267
ASBI...... Ameriana Bancorp 147
ASBP...... ASB Financial Corp. 23
ASFC...... Astoria Financial Corporation 925
ATSB...... AmTrust Capital Corp. NA
AVND...... Avondale Financial Corp. 192
BANC...... BankAtlantic Bancorp Inc. 985
BDJI...... First Federal Bancorporation 40
BFD....... BostonFed Bancorp Inc. 257
BFFC...... Big Foot Financial Corp. NA
BFSB...... Bedford Bancshares Inc. 37
BKC....... American Bank of Connecticut 131
BKCO...... Bankers Corp. 269
BKCT...... Bancorp Connecticut Inc. 110
BKUNA..... BankUnited Financial Corp. 242
BNKU...... Bank United Corp. 1,504
BPLS...... Bank Plus Corp. 476
BSBC...... Branford Savings Bank 74
BTHL...... Bethel Bancorp NA
BVCC...... Bay View Capital Corp. 539
BWFC...... Bank West Financial Corp. 54
BYFC...... Broadway Financial Corp. NA
CAFI...... Camco Financial Corp. 177
CAPS...... Capital Savings Bancorp Inc. 78
CASB...... Cascade Financial Corp. 101
CASH...... First Midwest Financial Inc. 99
CATB...... Catskill Financial Corp. 63
CBCI...... Calumet Bancorp Inc. 130
CBCO...... CB Bancorp Inc. 52
CBES...... CBES Bancorp Inc. NA
CBK....... Citizens First Financial Corp. 93
CBNH...... Community Bankshares Inc. 228
CBSA...... Coastal Bancorp Inc. 448
CBSB...... Charter Financial Inc. 106
CCFH...... CCF Holding Company NA
CEBK...... Central Co-operative Bank 90
CENB...... Century Bancorp Inc. 11
CENF...... CENFED Financial Corp. 359
CFB....... Commercial Federal Corporation 1,530
CFCP...... Coastal Financial Corp. 168
CFFC...... Community Financial Corp. 37
CFHC...... California Financial Holding 351
CFNC...... Carolina Fincorp Inc. 41
CFSB...... CFSB Bancorp Inc. 229
CFTP...... Community Federal Bancorp 26
CFX....... CFX Corporation 769
CIBI...... Community Investors Bancorp NA
CKFB...... CKF Bancorp Inc. 8
CLAS...... Classic Bancshares Inc. NA
CMRN...... Cameron Financial Corp 53
CMSB...... Commonwealth Bancorp Inc. 724
CMSV...... Community Savings, MHC 227
CNBA...... Chester Bancorp Inc. 42
CNIT...... CENIT Bancorp Inc. NA
CNSB...... CNS Bancorp Inc. 27
CNY....... Carver Bancorp Inc. 96
COFD...... Collective Bancorp Inc. 1,077
COFI...... Charter One Financial 2,582
CONE...... Conestoga Bancorp, Inc. 105
COOP...... Cooperative Bankshares Inc. 114
COVB...... CoVest Bancshares Inc. 123
CRZY...... Crazy Woman Creek Bancorp 10
CSA....... Coast Savings Financial 1,499
CSBF...... CSB Financial Group Inc. NA
CTZN...... CitFed Bancorp Inc. 714
CVAL...... Chester Valley Bancorp Inc. 107
CZF....... CitiSave Financial Corp 44
DCBI...... Delphos Citizens Bancorp Inc. 22
DFIN...... Damen Financial Corp. 34
DIBK...... Dime Financial Corp. 145
DIME...... Dime Community Bancorp Inc. 242
DME....... Dime Bancorp Inc. 2,917
DNFC...... D & N Financial Corp. 489
DSL....... Downey Financial Corp. 1,095
EBCP...... Eastern Bancorp 405
EBSI...... Eagle Bancshares 433
EFBC...... Empire Federal Bancorp Inc. NA
EFBI...... Enterprise Federal Bancorp 37
EGFC...... Eagle Financial Corp. 342
EGLB...... Eagle BancGroup Inc. 51
EIRE...... Emerald Isle Bancorp Inc. 110
EMLD...... Emerald Financial Corp. 134
EQSB...... Equitable Federal Savings Bank NA
ESBK...... Elmira Savings Bank (The) 132
ESX....... Essex Bancorp Inc. NA
ETFS...... East Texas Financial Services 26
FAB....... FirstFed America Bancorp Inc. NA
FBBC...... First Bell Bancorp Inc. 59
FBCI...... Fidelity Bancorp Inc. 105
FBCV...... 1ST Bancorp 139
FBER...... 1st Bergen Bancorp 55
FBHC...... Fort Bend Holding Corp. NA
FBSI...... First Bancshares Inc. 62
FCB....... Falmouth Co-Operative Bank 26
FCBF...... FCB Financial Corp. 68
FCIT...... First Citizens Financial Corp. 180
FCME...... First Coastal Corporation NA
FDEF...... First Defiance Financial 145
FED....... FirstFed Financial Corp. 441
FESX...... First Essex Bancorp Inc. 286
FFBA...... First Colorado Bancorp Inc. 354
FFBH...... First Federal Bancshares of AR 146
FFBI...... First Financial Bancorp Inc. 32
FFBS...... FFBS BanCorp Inc. 31
FFBZ...... First Federal Bancorp Inc. 71
FFCH...... First Financial Holdings Inc. 537
FFDB...... FirstFed Bancorp Incorporated NA
FFDF...... FFD Financial Corp. NA
FFED...... Fidelity Federal Bancorp 118
FFES...... First Federal of East Hartford 189
FFFC...... FFVA Financial Corp. 132
FFFD...... North Central Bancshares Inc. NA
FFFG...... F.F.O. Financial Group Inc. NA
FFFL...... Fidelity Bankshares Inc., MHC 268
FFHC...... First Financial Corp. 1,772
FFHH...... FSF Financial Corp. 90
FFHS...... First Franklin Corporation 47
FFIC...... Flushing Financial Corp. 200
FFKY...... First Federal Financial Corp. 104
FFLC...... FFLC Bancorp Inc. 120
FFOH...... Fidelity Financial of Ohio 105
FFPB...... First Palm Beach Bancorp Inc. 404
FFSL...... First Independence Corp. 24
FFSW...... FirstFederal Financial Svcs 392
FFSX...... First Fed SB of Siouxland, MHC 160
FFWC...... FFW Corp. 40
FFWD...... Wood Bancorp Inc. 43
FFYF...... FFY Financial Corp. 176
FGHC...... First Georgia Holding Inc. 83
FIBC...... Financial Bancorp Inc. NA
FISB...... First Indiana Corporation 603
FKFS...... First Keystone Financial 72
FKKY...... Frankfort First Bancorp Inc. 25
FLAG...... FLAG Financial Corp. 113
FLFC...... First Liberty Financial Corp. 527
FLGS...... Flagstar Bancorp Inc. NA
FLKY...... First Lancaster Bancshares NA
FMBD...... First Mutual Bancorp Inc. 163
FMCO...... FMS Financial Corporation 258
FMSB...... First Mutual Savings Bank NA
FNGB...... First Northern Capital Corp. 215
FOBC...... Fed One Bancorp 122
FPRY...... First Financial Bancorp NA
FRC....... First Republic Bancorp 168
FSBI...... Fidelity Bancorp Inc. 105
FSFC...... First Southeast Financial Corp 121
FSLA...... First Savings Bank, MHC 230
FSNJ...... First Savings Bk of NJ, MHC 79
FSPG...... First Home Bancorp Inc. 115
FSSB...... First FS&LA of San Bernardino 51
FSTC...... First Citizens Corporation 83
FTF....... Texarkana First Financial Corp 34
FTFC...... First Federal Capital Corp. 651
FTNB...... Fulton Bancorp Inc. NA
FTSB...... Fort Thomas Financial Corp. 19
FWWB...... First SB of Washington Bancorp NA
GAF....... GA Financial Inc. 196
GBCI...... Glacier Bancorp Inc. 255
GDVS...... Greater Delaware Valley SB,MHC 67
GDW....... Golden West Financial 4,452
GFCO...... Glenway Financial Corp. 65
GFED...... Guaranty Federal SB, MHC 58
GFSB...... GFS Bancorp Inc. 16
GLBK...... Glendale Co-Operative Bank NA
GLN....... Glendale Federal Bank FSB NA
GPT....... GreenPoint Financial Corp. 1,954
GRTR...... Greater New York Savings Bank 548
GSBC...... Great Southern Bancorp Inc. 385
GSFC...... Green Street Financial Corp. 30
GSLA...... GS Financial Corp. NA
GTFN...... Great Financial Corporation 822
GTPS...... Great American Bancorp NA
GUPB...... GFSB Bancorp Inc. NA
GWBC...... Gateway Bancorp Inc. 9
GWF....... Great Western Financial 11,646
HALL...... Hallmark Capital Corp. 73
HARB...... Harbor Federal Savings Bk, MHC 313
HARL...... Harleysville Savings Bank 52
HARS...... Harris Savings Bank, MHC 486
HAVN...... Haven Bancorp Inc. 435
HBBI...... Home Building Bancorp 14
HBEI...... Home Bancorp of Elgin Inc. 122
HBFW...... Home Bancorp 83
HBNK...... Highland Federal Bank FSB 115
HBS....... Haywood Bancshares Inc. NA
HCBB...... HCB Bancshares Inc. NA
HCFC...... Home City Financial Corp. 14
HEMT...... HF Bancorp Inc. NA
HFFB...... Harrodsburg First Fin Bancorp 15
HFFC...... HF Financial Corp. 259
HFGI...... Harrington Financial Group 51
HFNC...... HFNC Financial Corp. 125
HFSA...... Hardin Bancorp Inc. 18
HHFC...... Harvest Home Financial Corp. NA
HIFS...... Hingham Instit. for Savings 63
HMCI...... HomeCorp Inc. 181
HMLK...... Hemlock Federal Financial Corp 59
HMNF...... HMN Financial Inc. NA
HOMF...... Home Federal Bancorp 246
HPBC...... Home Port Bancorp Inc. 46
HRBF...... Harbor Federal Bancorp Inc. 51
HRZB...... Horizon Financial Corp. 117
HTHR...... Hawthorne Financial Corp. NA
HVFD...... Haverfield Corporation 95
HWEN...... Home Financial Bancorp 15
HZFS...... Horizon Financial Svcs Corp. 27
IBSF...... IBS Financial Corp. 130
IFSB...... Independence Federal Savings NA
IFSL...... Indiana Federal Corporation 285
INBI...... Industrial Bancorp 83
INCB...... Indiana Community Bank SB NA
IPSW...... Ipswich Savings Bank NA
ISBF...... ISB Financial Corporation NA
ITLA...... ITLA Capital Corp. 151
IWBK...... InterWest Bancorp Inc. 563
JOAC...... Joachim Bancorp Inc. 14
JSBA...... Jefferson Savings Bancorp NA
JSBF...... JSB Financial Inc. 355
JXSB...... Jacksonville Savings Bank, MHC 80
JXVL...... Jacksonville Bancorp Inc. 71
KFBI...... Klamath First Bancorp 101
KNK....... Kankakee Bancorp Inc. 117
KSAV...... KS Bancorp Inc. 27
KSBK...... KSB Bancorp Inc. NA
KYF....... Kentucky First Bancorp Inc. 22
LARK...... Landmark Bancshares Inc. 45
LARL...... Laurel Capital Group Inc. 50
LFBI...... Little Falls Bancorp Inc. 39
LFED...... Leeds Federal Savings Bk, MHC 27
LIFB...... Life Bancorp Inc. 224
LISB...... Long Island Bancorp Inc. 1,470
LOGN...... Logansport Financial Corp. 12
LONF...... London Financial Corporation NA
LSBI...... LSB Financial Corp. 61
LSBX...... Lawrence Savings Bank 100
LVSB...... Lakeview Financial NA
LXMO...... Lexington B&L Financial Corp. NA
MAFB...... MAF Bancorp Inc. 808
MARN...... Marion Capital Holdings 31
MASB...... MASSBANK Corp. 179
MBB....... MSB Bancorp Inc. 239
MBBC...... Monterey Bay Bancorp Inc. NA
MBLF...... MBLA Financial Corp. 12
MBSP...... Mitchell Bancorp Inc. 6
MCBN...... Mid-Coast Bancorp Inc. 22
MCBS...... Mid Continent Bancshares Inc. 160
MDBK...... Medford Savings Bank 256
MECH...... Mechanics Savings Bank 226
MERI...... Meritrust Federal SB 91
METF...... Metropolitan Financial Corp. 261
MFBC...... MFB Corp. 61
MFCX...... Marshalltown Financial Corp. 32
MFFC...... Milton Federal Financial Corp. 50
MFLR...... Mayflower Co-operative Bank 47
MFSL...... Maryland Federal Bancorp 247
MGNL...... Magna Bancorp Inc. 1,102
MIFC...... Mid-Iowa Financial Corp. 36
MIVI...... Mississippi View Holding Co. 21
MLBC...... ML Bancorp Inc. NA
MRKF...... Market Financial Corporation NA
MSBF...... MSB Financial Inc. 18
MSBK...... Mutual Savings Bank FSB 229
MWBI...... Midwest Bancshares Inc. 39
MWBX...... MetroWest Bank 174
MWFD...... Midwest Federal Financial 88
NASB...... North American Savings Bank 240
NBN....... Northeast Bancorp NA
NBSI...... North Bancshares Inc. 32
NEIB...... Northeast Indiana Bancorp 38
NHTB...... New Hampshire Thrift Bncshrs 119
NASB...... NewMil Bancorp Inc. 122
NSBC...... NewSouth Bancorp, Inc. NA
NSLB...... NS&L Bancorp Inc. 17
NSSB...... Norwich Financial Corp. 244
NSSY...... Norwalk Savings Society NA
NTMG...... Nutmeg Federal S&LA NA
NWEQ...... Northwest Equity Corp. NA
NWSB...... Northwest Savings Bank, MHC 773
NYB....... New York Bancorp Inc. 495
OCFC...... Ocean Financial Corp. 229
OCWN...... Ocwen Financial Corporation 629
OFCP...... Ottawa Financial Corp. 247
OHSL...... OHSL Financial Corp. 59
PALM...... Palfed, Inc. 301
PAMM...... PacificAmerica Money Center NA
PBCI...... Pamrapo Bancorp Inc. 80
PBCT...... People's Bank, MHC 2,821
PBIX...... Patriot Bank Corp. 117
PBKB...... People's Bancshares Inc. 204
PBNB...... People's Savings Financial Cp. 122
PCBC...... Perry County Financial Corp. NA
PCCI...... Pacific Crest Capital 62
PDB....... Piedmont Bancorp Inc. 30
PEEK...... Peekskill Financial Corp. 24
PERM...... Permanent Bancorp Inc. 128
PERT...... Perpetual Bank, MHC NA
PETE...... Primary Bank 184
PFDC...... Peoples Bancorp 79
PFED...... Park Bancorp Inc. NA
PFFB...... PFF Bancorp Inc. 470
PFFC...... Peoples Financial Corp. 19
PFNC...... Progress Financial Corporation 170
PFSB...... PennFed Financial Services Inc 185
PFSL...... Pocahontas FS&LA, MHC 58
PHBK...... Peoples Heritage Finl Group 2,365
PHFC...... Pittsburgh Home Financial Corp 56
PKPS...... Poughkeepsie Financial Corp. 266
PLE....... Pinnacle Bancshares Inc. 87
PLSK...... Pulaski Savings Bank, MHC NA
PMFI...... Perpetual Midwest Financial 103
POBS...... Portsmouth Bank Shares 63
PRBC...... Prestige Bancorp Inc. 32
PROV...... Provident Financial Holdings NA
PSBK...... Progressive Bank Inc. 271
PSFC...... Peoples-Sidney Financial Corp. 18
PSFI...... PS Financial Inc. 15
PTRS...... Potters Financial Corp. 41
PULB...... Pulaski Bank, Savings Bk, MHC NA
PULS...... Pulse Bancorp 53
PVFC...... PVF Capital Corp. NA
PVSA...... Parkvale Financial Corporation 232
PWBC...... PennFirst Bancorp Inc. 111
PWBK...... Pennwood Bancorp Inc. 11
QCBC...... Quaker City Bancorp Inc. 148
QCFB...... QCF Bancorp Inc. NA
QCSB...... Queens County Bancorp Inc. NA
RARB...... Raritan Bancorp Inc. 86
RCSB...... RCSB Financial Inc. 1,675
REDF...... RedFed Bancorp Inc. 276
RELI...... Reliance Bancshares Inc. NA
RELY...... Reliance Bancorp Inc. 389
RFED...... Roosevelt Financial Group NA
RIVR...... River Valley Bancorp 57
ROSE...... TR Financial Corp. 441
RSLN...... Roslyn Bancorp Inc. 383
RVSB...... Riverview Savings Bank, MHC 82
SBCN...... Suburban Bancorporation Inc. 58
SBFL...... SB of the Finger Lakes, MHC 63
SBOS...... Boston Bancorp (The) NA
SCBS...... Southern Community Bancshares NA
SCCB...... S. Carolina Community Bancshrs NA
SECP...... Security Capital Corporation 911
SFED...... SFS Bancorp Inc. 61
SFFC...... StateFed Financial Corporation NA
SFIN...... Statewide Financial Corp. NA
SFNB...... Security First Network Bank NA
SFSB...... SuburbFed Financial Corp. 161
SFSL...... Security First Corp. 156
SGVB...... SGV Bancorp Inc. 88
SHEN...... First Shenango Bancorp Inc. 99
SISB...... SIS Bancorp Inc. 467
SJSB...... SJS Bancorp NA
SKAN...... Skaneateles Bancorp Inc. 109
SKBO...... First Carnegie Deposit, MHC NA
SMBC...... Southern Missouri Bancorp Inc. 43
SMFC...... Sho-Me Financial Corp. 78
SOBI...... Sobieski Bancorp Inc. 22
SOPN...... First Savings Bancorp Inc. 40
SOSA...... Somerset Savings Bank 138
SPBC...... St. Paul Bancorp Inc. 1,071
SRN....... Southern Banc Company Inc. NA
SSB....... Scotland Bancorp Inc 14
SSFC...... South Street Financial Corp. 37
SSM....... Stone Street Bancorp Inc. 18
STFR...... St. Francis Capital Corp. 340
STND...... Standard Financial Inc. 436
STSA...... Sterling Financial Corp. 510
SVRN...... Sovereign Bancorp Inc. 1,578
SWBI...... Southwest Bancshares 96
SWCB...... Sandwich Co-operative Bank 154
SZB....... SouthFirst Bancshares Inc. 45
TBK....... Tolland Bank 85
THR....... Three Rivers Financial Corp. NA
THRD...... TF Financial Corporation 153
TPNZ...... Tappan Zee Financial Inc. NA
TRIC...... Tri-County Bancorp Inc. 19
TSBS...... Trenton SB, MHC 134
TSH....... Teche Holding Co. 138
TWIN...... Twin City Bancorp 52
UBMT...... United Financial Corp. NA
UFRM...... United Federal Savings Bank 141
VABF...... Virginia Beach Fed. Financial 182
VFFC...... Virginia First Financial Corp. 398
WAMU...... Washington Mutual Inc. 8,773
WAYN...... Wayne Savings & Loan Co. MHC 94
WBST...... Webster Financial Corporation 1,123
WCBI...... Westco Bancorp 55
WCFB...... Webster City Federal SB, MHC 21
WEFC...... Wells Financial Corp. NA
WEHO...... Westwood Homestead Fin. Corp. 18
WES....... Westcorp 2,756
WFCO...... Winton Financial Corp. NA
WFSG...... Wilshire Financial Services NA
WFSL...... Washington Federal Inc. 654
WHGB...... WHG Bancshares Corp. NA
WOFC...... Western Ohio Financial Corp. 124
WRNB...... Warren Bancorp Inc. 142
WSB....... Washington Savings Bank, FSB NA
WSFS...... WSFS Financial Corporation 285
WSTR...... WesterFed Financial Corp. 360
WVFC...... WVS Financial Corporation 56
WWFC...... Westwood Financial Corporation 15
WYNE...... Wayne Bancorp Inc. 50
YFCB...... Yonkers Financial Corporation 57
YFED...... York Financial Corp. 380
Average... 360
Comparable
Thrift
Data
3/31/96
- ----------
JOAC...... Joachim Bancorp Inc. 14
HBBI...... Home Building Bancorp 14
CSBF...... CSB Financial Group Inc. NA
MCBN...... Mid-Coast Bancorp Inc. 22
NSLB...... NS&L Bancorp Inc. 17
CKFB...... CKF Bancorp Inc. 8
ALBC...... Albion Banc Corp. NA
MIVI...... Mississippi View Holding Co. 21
ATSB...... AmTrust Capital Corp. NA
SCCB...... S. Carolina Community Bancshrs NA
Average... 16.00
Maximum... 22.00
Minimum... 8.00
EXHIBIT 6
INDUSTRY MULTIPLES
PRICING DATA AS OF JUNE 10, 1997
CURRENT PRICE IN RELATION TO
-------------------------------------------- LTM
CURRENT CURRENT TANGIBLE CURRENT DIVIDEND
STOCK MARKET BOOK BOOK DIVIDEND PAYOUT
PRICE VALUE EARNINGS LTM EPS VALUE VALUE ASSETS YIELD RATIO
TICKER SHORT NAME ($) ($M) (X) (X) (%) (%) (%) (%) (%)
- ------------------------------ ------- -------- -------- ------- ---------- ---------- ------ -------- ------------
%CAL...... California Federal
Bank, a FSB NA NA NA NA NA NA NA NA NA
%CCMD..... Chevy Chase Bank,
FSB NA NA NA NA NA NA NA NA NA
AABC...... Access Anytime
Bancorp, Inc. 5.750 6.86 11.98 NA 90.69 90.69 6.17 0.000 0.00
AADV...... Advantage Bancorp
Inc. 38.500 124.42 13.18 38.12 137.84 148.82 12.18 1.039 33.66
ABBK...... Abington Bancorp
Inc. 24.750 46.87 11.9 13.10 138.58 154.78 9.53 1.616 21.16
ABCL...... Alliance Bancorp
Inc. 29.750 158.54 23.24 29.75 129.74 131.46 12.08 2.185 10
ABCW...... Anchor BanCorp
Wisconsin 43.250 198.14 11.15 15.34 168.09 171.49 10.51 1.295 16.84
AFBC...... Advance Financial
Bancorp 13.938 15.12 NA NA 94.49 94.49 14.59 2.296 NA
AFCB...... Affiliated Community
Bancorp 24.500 158.38 13.61 17.01 150.96 151.89 14.99 1.959 30.00
AFED...... AFSALA Bancorp Inc. 13.875 20.18 16.52 NA 88.60 88.83 13.26 1.153 NA
AFFFZ..... America First
Financial Fund 38.000 228.40 10.92 8.39 133.66 135.57 10.46 4.211 35.32
AHCI...... Ambanc Holding Co.
Inc. 14.750 64.78 23.05 NA 106.50 106.50 13.55 0.000 0
AHM....... Ahmanson & Company
(H.F.) 44.375 4,463.93 12.75 35.22 232.94 275.96 9.17 1.983 69.84
ALBC...... Albion Banc Corp. 23.000 6.05 12.78 104.55 97.38 97.38 8.67 1.348 140.91
ALBK...... ALBANK Financial
Corporation 36.938 472.27 13.78 18.75 147.16 169.67 13.54 1.624 27.41
AMFB...... American Federal
Bank FSB 31.125 343.94 18.53 23.58 292.53 313.76 26.28 1.542 40.91
AMFC...... AMB Financial Corp. 14.250 13.73 14.84 NA 99.72 99.72 16.25 1.684 NA
ANA....... Acadiana Bancshares
Inc. 19.750 53.94 15.93 NA 118.26 118.26 20.61 1.823 NA
ANBK...... American National
Bancorp 15.000 54.20 13.39 39.47 114.68 114.68 10.73 0.800 23.68
ANDB Andover Bancorp Inc. 29.500 151.88 11.9 11.61 155.59 155.59 12.55 2.305 21.65
ASBI...... Ameriana Bancorp 15.500 50.22 14.35 21.53 115.84 115.93 12.56 3.871 80.56
ASBP...... ASB Financial Corp. 12.250 21.09 21.88 29.88 115.35 115.35 19.27 3.265 NA
ASFC...... Astoria Financial
Corporation 42.313 898.84 14.69 24.32 153.81 184.85 11.69 1.418 25.29
ATSB...... AmTrust Capital
Corp. 12.750 6.71 21.25 28.98 92.93 93.96 9.45 1.569 11.36
AVND...... Avondale Financial
Corp. 13.250 46.71 NA NA 89.05 89.05 7.35 0.000 0.00
BANC...... BankAtlantic Bancorp
Inc. 13.750 325.56 12.28 14.32 167.07 205.22 9.20 0.847 12.03
BDJI...... First Federal
Bancorporation 19.000 13.31 21.59 36.54 110.59 110.59 12.36 0.000 0
BFD....... BostonFed Bancorp
Inc. 16.938 100.99 12.83 26.47 112.77 116.81 10.73 1.653 31.25
BFFC...... Big Foot Financial
Corp. 15.625 39.26 NA NA 109.42 109.42 18.69 0.000 NA
BFSB...... Bedford Bancshares
Inc. 20.188 23.06 13.28 16.68 115.82 115.82 17.54 2.576 38.02
BKC....... American Bank of
Connecticut 35.375 81.43 11.05 11.91 173.49 181.50 13.84 4.071 51.18
BKCO...... Bankers Corp. 25.500 315.99 11.38 12.81 159.57 162.21 12.42 2.510 32.16
BKCT...... Bancorp Connecticut
Inc. 25.750 65.82 12.38 13.99 153.18 153.18 15.93 3.417 42.08
BKUNA..... BankUnited Financial
Corp. 9.625 82.44 20.05 41.85 131.31 163.41 5.86 0.000 0
BNKU...... Bank United Corp. 35.125 1,109.80 12.54 NA 195.03 199.46 10.09 1.594 NA
BPLS...... Bank Plus Corp. 10.500 191.60 11.41 NA 118.24 118.51 5.81 0.000 0.00
BSBC...... Branford Savings
Bank 4.125 27.06 12.89 14.22 159.88 159.88 15.25 1.939 13.79
BTHL...... Bethel Bancorp 12.500 15.15 16.45 13.02 91.17 108.60 6.89 2.560 20.83
BVCC...... Bay View Capital
Corp. 25.375 329.12 16.27 28.19 171.22 180.09 10.81 1.261 34.44
BWFC...... Bank West Financial
Corp. 13.250 23.63 20.7 22.84 104.99 104.99 16.07 2.113 48.28
BYFC...... Broadway Financial
Corp. 10.750 9.60 38.39 NA 75.33 75.33 8.08 1.860 NA
CAFI...... Camco Financial
Corp. 18.500 56.64 11.86 16.97 123.66 134.45 11.99 2.811 43.06
CAPS...... Capital Savings
Bancorp Inc. 17.250 32.63 14.87 22.70 158.40 158.40 13.72 1.391 27.63
CASB...... Cascade Financial
Corp. 19.000 39.03 20.65 28.79 179.41 179.41 11.08 0.000 0.00
CASH...... First Midwest
Financial Inc. 16.000 45.24 13.79 16.67 105.40 119.14 12.22 2.250 34.02
CATB...... Catskill Financial
Corp. 15.750 79.91 19.69 NA 107.14 107.14 28.90 1.778 NA
CBCI...... Calumet Bancorp Inc. 38.000 80.34 13.19 17.43 107.86 107.86 17.20 0.000 0
CBCO...... CB Bancorp Inc. 34.000 39.52 17.35 20.73 197.56 197.56 17.44 0.000 0.00
CBES...... CBES Bancorp Inc. 16.875 17.30 15.63 NA 98.80 98.80 18.16 2.370 NA
CBK....... Citizens First
Financial Corp. 15.500 43.38 27.68 NA 97.42 97.42 15.97 0.000 NA
CBNH...... Community Bankshares
Inc. 37.625 92.75 17.75 18.26 223.96 223.96 15.97 1.701 30.10
CBSA...... Coastal Bancorp Inc. 27.750 137.88 10.84 19.01 143.41 169.83 4.83 1.730 27.4
CBSB...... Charter Financial
Inc. 17.000 71.74 16.35 20.99 128.59 146.55 18.17 1.882 32.10
CCFH...... CCF Holding Company 15.750 12.98 98.44 71.59 109.53 109.53 15.67 3.175 318.18
CEBK...... Central Co-operative
Bank 17.375 34.14 10.59 17.91 102.57 115.60 10.53 1.842 8.25
CENB...... Century Bancorp Inc. 69.000 28.11 14.74 NA 93.94 93.94 28.12 2.899 NA
CENF...... CENFED Financial
Corp. 31.125 179.30 12.97 17.10 155.24 155.55 7.92 1.051 17.57
CFB....... Commercial Federal
Corporation 35.875 772.46 12.12 18.59 188.92 212.28 11.19 0.780 14.17
CFCP...... Coastal Financial
Corp. 22.875 106.06 19.72 26.60 359.11 359.11 21.89 1.443 38.37
CFFC...... Community Financial
Corp. 22.500 28.63 12.23 17.05 124.72 124.72 17.18 2.489 37.88
CFHC...... California Financial
Holding 29.500 140.59 13.41 20.34 153.49 154.13 10.69 1.492 30.34
CFNC...... Carolina Fincorp
Inc. 14.500 26.85 20.14 NA 104.24 104.24 24.70 1.379 NA
CFSB...... CFSB Bancorp Inc. 23.750 122.07 13.81 21.59 192.78 192.78 14.71 2.297 41.25
CFTP...... Community Federal
Bancorp 17.500 74.94 21.88 26.52 108.49 108.49 36.37 1.714 45.45
CFX....... CFX Corporation 18.250 238.16 12.67 16.59 178.05 191.10 13.65 4.822 57.32
CIBI...... Community Investors
Bancorp 19.250 12.18 11.74 19.06 108.57 108.57 12.50 2.078 33.66
CKFB...... CKF Bancorp Inc. 19.250 17.85 22.92 22.13 116.03 116.03 29.65 2.286 165.52
CLAS...... Classic Bancshares
Inc. 14.500 19.18 17.26 45.31 100.14 119.15 14.94 1.931 40.63
CMRN...... Cameron Financial
Corp 16.750 44.40 18.21 20.94 99.00 99.00 22.72 1.672 35.00
CMSB...... Commonwealth Bancorp
Inc. 15.500 264.96 13.84 NA 124.00 161.46 11.86 1.806 NA
CMSV...... Community Savings,
MHC 21.750 107.02 20.14 26.52 139.69 139.69 15.69 4.138 100.61
CNBA...... Chester Bancorp Inc. 15.250 33.28 21.18 NA 105.17 105.17 23.35 1.574 NA
CNIT...... CENIT Bancorp Inc. 45.000 73.85 18.15 22.06 147.16 160.89 10.44 2.222 44.12
CNSB...... CNS Bancorp Inc. 16.000 26.45 26.67 NA 108.62 108.62 26.96 1.250 NA
CNY....... Carver Bancorp Inc. 10.500 24.30 NA NA 71.14 74.31 5.74 0.000 0.00
COFD...... Collective Bancorp
Inc. 44.563 911.16 14.28 18.19 235.91 260.75 16.51 2.244 40.82
COFI...... Charter One
Financial 48.750 2,259.01 13.1 17.41 237.46 255.24 16.09 2.051 32.11
CONE...... Conestoga Bancorp,
Inc. NA NA NA NA NA NA NA NA 28.17
COOP...... Cooperative
Bankshares Inc. 21.000 31.33 14.19 NA 120.07 120.07 8.99 0.000 0.00
COVB...... CoVest Bancshares
Inc. 18 54.32 11.25 60 110.02 115.46 9.83 2.222 133.33
CRZY...... Crazy Woman Creek
Bancorp 13.125 13.19 19.30 25.24 91.02 91.02 25.35 3.048 67.31
CSA....... Coast Savings
Financial 45.750 850.61 18.15 68.28 195.10 197.80 9.67 0.000 0
CSBF...... CSB Financial Group
Inc. 12.500 11.77 52.08 56.82 97.81 103.73 24.53 0.000 0.00
CTZN...... CitFed Bancorp Inc. 37.250 320.84 13.5 21.91 172.53 193.71 10.92 0.859 15.29
CVAL...... Chester Valley
Bancorp Inc. 19.750 40.56 14.11 22.97 155.27 155.27 13.29 2.228 39.07
CZF....... CitiSave Financial
Corp 20.000 19.24 26.32 50.00 154.44 154.44 25.68 2.000 587.50
DCBI...... Delphos Citizens
Bancorp Inc. 14.188 28.93 13.14 NA 95.29 95.29 27.01 0.000 NA
DFIN...... Damen Financial
Corp. 14.250 46.27 22.27 30.32 100.92 100.92 20.35 1.684 51.06
DIBK...... Dime Financial Corp. 23.625 121.34 8.32 9.12 190.37 197.53 14.9 1.693 12.36
1
CURRENT PRICE IN RELATION TO
-------------------------------------------- LTM
CURRENT CURRENT TANGIBLE CURRENT DIVIDEND
STOCK MARKET BOOK BOOK DIVIDEND PAYOUT
PRICE VALUE EARNINGS LTM EPS VALUE VALUE ASSETS YIELD RATIO
TICKER SHORT NAME ($) ($M) (X) (X) (%) (%) (%) (%) (%)
- ------------------------------ ------- -------- -------- ------- ---------- ---------- ------ -------- ------------
DIME...... Dime Community
Bancorp Inc. 17.875 234.63 17.19 NA 123.02 143.34 18.96 1.007 NA
DME....... Dime Bancorp Inc. 17.375 1,828.88 14.01 16.87 173.58 175.15 9.90 0.000 0.00
DNFC...... D & N Financial
Corp. 18.000 149.68 11.84 17.14 170.45 172.41 9.79 0.000 0
DSL....... Downey Financial
Corp. 21.750 581.46 11.82 26.20 145.19 147.36 10.60 1.471 36.72
EBCP...... Eastern Bancorp 26.000 96.46 17.11 31.71 145.58 153.39 11.05 2.462 68.29
EBSI...... Eagle Bancshares 16.250 73.97 15.05 18.90 127.55 127.55 11.10 3.692 67.44
EFBC...... Empire Federal
Bancorp Inc. 13.438 34.83 NA NA 87.54 87.54 32.27 2.232 NA
EFBI...... Enterprise Federal
Bancorp 18.750 37.70 15.12 22.06 119.12 119.27 14.69 5.333 147.06
EGFC...... Eagle Financial
Corp. 29.875 136.26 12.45 16.78 130.40 173.19 9.00 3.079 51.69
EGLB...... Eagle BancGroup Inc. 15.500 19.65 38.75 NA 95.21 95.21 11.52 0.000 NA
EIRE...... Emerald Isle Bancorp
Inc. 18.250 40.80 12.01 12.76 142.24 142.24 9.90 1.534 17.62
EMLD...... Emerald Financial
Corp. 14.000 70.86 12.07 18.42 160.37 163.17 12.04 1.714 39.47
EQSB...... Equitable Federal
Savings Bank 36.250 21.83 8.97 17.43 145.52 145.52 7.37 0.000 0
ESBK...... Elmira Savings Bank
(The) 20.750 14.66 21.61 23.31 102.72 107.29 6.58 3.084 71.91
ESX....... Essex Bancorp Inc. 1.125 1.19 NA NA NA NA 0.66 0.000 0.00
ETFS...... East Texas Financial
Services 17.250 17.69 22.70 44.23 87.61 87.61 16.67 1.159 51.28
FAB....... FirstFed America
Bancorp Inc. 14.813 128.98 NA NA 105.58 105.58 13.16 0.000 NA
FBBC...... First Bell Bancorp
Inc. 14.688 99.92 13.11 14.54 138.17 138.17 14.09 2.723 331.68
FBCI...... Fidelity Bancorp
Inc. 18.750 52.35 13.02 21.55 105.69 105.99 10.77 1.707 29.89
FBCV...... 1ST Bancorp 30.750 21.45 9.86 33.79 98.59 100.82 7.85 1.301 42.37
FBER...... 1st Bergen Bancorp 13.625 41.08 18.92 NA 99.02 99.02 16.28 0.881 NA
FBHC...... Fort Bend Holding
Corp. 26.500 21.79 10.69 29.12 118.25 127.59 7.38 1.057 30.77
FBSI...... First Bancshares
Inc. 20.125 23.00 12.9 17.06 101.64 101.80 14.59 0.994 16.95
FCB....... Falmouth
Co-Operative Bank 15.875 23.09 33.07 30.53 104.65 104.65 25.58 1.260 19.23
FCBF...... FCB Financial Corp. 24.750 60.98 19.96 25.26 129.51 129.51 22.67 2.909 70.41
FCIT...... First Citizens
Financial Corp. 29.000 85.37 16.48 26.61 201.53 201.53 12.30 0.000 0
FCME...... First Coastal
Corporation 9.188 12.48 12.09 1.77 92.90 92.90 8.25 0.000 0.00
FDEF...... First Defiance
Financial 14.000 131.93 20.59 32.56 112.81 112.81 24.16 2.286 69.77
FED....... FirstFed Financial
Corp. 29.750 314.17 15.49 31.99 160.98 163.10 7.61 0.000 0.00
FESX...... First Essex Bancorp
Inc. 16.375 122.55 14.62 11.14 146.21 169.69 10.69 2.931 32.65
FFBA...... First Colorado
Bancorp Inc. 17.750 293.97 15.30 22.47 153.02 155.16 19.47 2.254 44.30
FFBH...... First Federal
Bancshares of AR 19.375 94.86 14.68 NA 115.40 115.4 18.25 1.032 NA
FFBI...... First Financial
Bancorp Inc. 16.000 6.65 10.81 NA 91.43 91.43 7.14 0.000 0
FFBS...... FFBS BanCorp Inc. 23.000 35.82 16.91 23.71 135.21 135.21 27.84 2.174 51.55
FFBZ...... First Federal
Bancorp Inc. 17.500 27.51 17.5 22.15 208.83 209.08 14.35 1.371 29.11
FFCH...... First Financial
Holdings Inc. 29.000 183.56 12.95 21.64 186.26 186.26 11.45 2.483 50.75
FFDB...... FirstFed Bancorp
Incorporated 18.250 22.37 10.61 24.01 127.36 139.42 12.68 2.192 60.53
FFDF...... FFD Financial Corp. 13.375 19.46 23.88 NA 92.18 92.18 22.81 2.243 NA
FFED...... Fidelity Federal
Bancorp 9.000 22.39 11.25 60 174.08 174.08 8.95 4.444 466.67
FFES...... First Federal of
East Hartford 26.500 70.48 14.40 17.32 115.22 115.22 7.20 2.264 39.22
FFFC...... FFVA Financial Corp. 25.750 116.40 16.09 22.20 151.56 155.03 21.17 1.864 36.21
FFFD...... North Central
Bancshares Inc. 15.563 51.66 14.41 16.73 106.67 106.67 26.23 1.606 26.88
FFFG...... F.F.O. Financial
Group Inc. 4.375 36.95 15.63 17.50 177.85 177.85 11.53 0.000 0.00
FFFL...... Fidelity Bankshares
Inc., MHC 18.750 126.86 26.04 38.27 155.22 156.51 13.69 4.267 153.06
FFHC...... First Financial
Corp. 28.125 1,017.79 13.79 20.38 252.47 260.18 17.63 2.133 39.13
FFHH...... FSF Financial Corp. 16.625 50.91 16.63 22.77 104.76 104.76 14.01 3.008 68.49
FFHS...... First Franklin
Corporation 20.500 24.16 17.67 78.85 121.09 121.95 10.68 1.561 123.08
FFIC...... Flushing Financial
Corp. 18.875 152.65 18.88 21.70 117.53 117.53 18.82 1.272 13.79
FFKY...... First Federal
Financial Corp. 19.000 79.05 12.84 17.76 156.25 166.37 21.26 2.737 45.79
FFLC...... FFLC Bancorp Inc. 26.750 62.55 16.72 28.46 120.71 120.71 17.47 1.794 44.68
FFOH...... Fidelity Financial
of Ohio 14.875 83.21 16.90 33.06 123.65 140.73 16.22 1.882 48.89
FFPB...... First Palm Beach
Bancorp Inc. 29.625 148.40 16.10 NA 140.80 144.51 9.52 2.025 NA
FFSL...... First Independence
Corp. 11.281 11.22 17.63 23.50 98.87 98.87 10.38 2.216 44.27
FFSW...... FirstFederal
Financial Svcs 35.000 160.60 17.16 22.44 273.01 323.18 14.76 1.257 24.62
FFSX...... First Fed SB of
Siouxland, MHC 23.000 65.02 18.55 34.33 172.67 174.24 14.05 2.087 68.39
FFWC...... FFW Corp. 26.000 18.12 10.32 13.33 114.29 114.29 11.44 2.769 30.77
FFWD...... Wood Bancorp Inc. 17.000 25.37 11.18 17.17 122.21 122.21 15.52 2.353 31.31
FFYF...... FFY Financial Corp. 26.250 109.81 13.96 22.83 134.62 134.62 18.98 2.667 56.52
FGHC...... First Georgia
Holding Inc. 7.500 22.89 14.42 25.86 183.82 201.61 15.56 0.711 18.38
FIBC...... Financial Bancorp
Inc. 17.500 30.06 12.50 21.88 116.74 117.37 11.36 2.286 40.63
FISB...... First Indiana
Corporation 21.375 224.55 14.06 17.38 158.22 160.23 15.16 2.246 37.07
FKFS...... First Keystone
Financial 22.500 27.63 9.70 16.92 124.17 124.17 8.78 0.889 7.52
FKKY...... Frankfort First
Bancorp Inc. 12.000 40.62 30.00 46.15 120.85 120.85 31.65 3.000 NA
FLAG...... FLAG Financial Corp. 13.125 26.74 10.94 NA 128.05 128.05 12.04 2.590 NA
FLFC...... First Liberty
Financial Corp. 21.250 164.15 12.07 17.00 179.02 200.09 13.15 1.882 29.87
FLGS...... Flagstar Bancorp
Inc. 16.250 222.14 NA NA NA NA NA 0.000 NA
FLKY...... First Lancaster
Bancshares 15.000 14.38 23.44 NA 103.88 103.88 35.55 0.000 NA
FMBD...... First Mutual Bancorp
Inc. 15.125 53.04 189.06 116.35 91.11 118.44 13.33 2.116 238.46
FMCO...... FMS Financial
Corporation 23.500 56.08 10.68 17.28 161.07 164.45 10.13 0.851 14.71
FMSB...... First Mutual Savings
Bank 17.250 46.55 11.35 12.06 163.51 163.51 10.92 1.159 12.73
FNGB...... First Northern
Capital Corp. 20.250 89.49 16.33 25.96 125.85 125.85 14.48 3.160 78.21
FOBC...... Fed One Bancorp 20.500 48.53 15.53 22.04 120.09 126.08 14.46 2.829 61.29
FPRY...... First Financial
Bancorp NA NA NA NA NA NA NA NA 39.66
FRC....... First Republic
Bancorp 20.500 204.84 13.49 14.24 126.62 126.7 9.38 0.000 0.00
FSBI...... Fidelity Bancorp
Inc. 20.000 30.85 12.50 19.05 134.95 134.95 9.40 1.800 27.93
FSFC...... First Southeast
Financial Corp 10.500 46.08 12.50 NA 134.62 134.62 13.77 2.286 NA
FSLA...... First Savings Bank,
MHC 25.25 183 18.57 37.13 194.23 219.18 17.86 1.901 54.81
FSNJ...... First Savings Bk of
NJ, MHC 25.750 186.62 29.26 NA 159.15 159.15 13.64 1.942 NA
FSPG...... First Home Bancorp
Inc. 19.250 52.14 10.24 11.88 155.74 158.57 10.26 2.078 22.84
FSSB...... First FS&LA of San
Bernardino 9.063 2.98 NA NA 66.25 68.76 2.87 0.000 0
FSTC...... First Citizens
Corporation 24.750 40.03 9.24 9.71 163.04 207.29 15.28 1.778 16.86
FTF....... Texarkana First
Financial Corp 17.750 32.38 10.57 13.45 120.75 120.75 19.35 2.535 261.36
FTFC...... First Federal
Capital Corp. 30.250 184.04 13.27 18.79 189.42 202.07 12.04 2.380 39.75
FTNB...... Fulton Bancorp Inc. 19.750 33.96 35.27 NA 136.49 136.49 34.14 1.013 NA
FTSB...... Fort Thomas
Financial Corp. 10.500 14.86 17.5 36.21 103.04 103.04 16.58 2.381 NA
FWWB...... First SB of
Washington Bancorp 22.000 232.52 17.19 25.58 145.60 158.50 23.80 1.273 23.26
GAF....... GA Financial Inc. 16.750 133.75 17.45 20.94 112.12 112.12 21.01 2.388 26.25
GBCI...... Glacier Bancorp Inc. 16.000 108.81 13.79 14.68 205.92 211.92 19.69 2.668 39.16
GDVS...... Greater Delaware
Valley SB,MHC 12.500 40.91 18.38 NA 149.34 149.34 17.14 2.880 NA
GDW....... Golden West
Financial 69.750 3,990.99 12.03 10.83 165.32 165.32 10.36 0.631 6.37
GFCO...... Glenway Financial
Corp. 23.000 26.31 11.98 24.47 99.74 101.32 9.37 2.957 70.62
GFED...... Guaranty Federal SB,
MHC 17.750 55.47 31.70 59.17 204.49 204.49 28.30 2.254 113.33
GFSB...... GFS Bancorp Inc. 13.875 13.71 12.39 16.52 134.32 134.32 15.55 1.441 23.81
GLBK...... Glendale
Co-Operative Bank 26.750 6.61 23.88 24.32 109.36 109.36 17.91 0.000 0
GLN....... Glendale Federal
Bank FSB 26.625 1,339.39 20.17 78.31 173.91 186.97 8.70 0.000 0.00
GPT....... GreenPoint Financial
Corp. 62.500 2,930.50 16.62 18.55 180.79 315.50 22.10 1.600 25.22
GRTR...... Greater New York
Savings Bank 19.625 268.42 24.53 24.23 170.95 170.95 10.44 1.019 12.35
2
CURRENT PRICE IN RELATION TO
-------------------------------------------- LTM
CURRENT CURRENT TANGIBLE CURRENT DIVIDEND
STOCK MARKET BOOK BOOK DIVIDEND PAYOUT
PRICE VALUE EARNINGS LTM EPS VALUE VALUE ASSETS YIELD RATIO
TICKER SHORT NAME ($) ($M) (X) (X) (%) (%) (%) (%) (%)
- ------------------------------ ------- -------- -------- ------- ---------- ---------- ------ -------- ------------
GSBC...... Great Southern
Bancorp Inc. 16.750 136.18 11.96 15.95 227.89 227.89 20.44 2.388 36.90
GSFC...... Green Street
Financial Corp. 17.750 76.29 26.10 NA 121.24 121.24 43.75 2.254 NA
GSLA...... GS Financial Corp. 14.813 50.93 NA NA NA NA NA 0.000 NA
GTFN...... Great Financial
Corporation 33.750 468.61 15.92 23.28 170.20 177.91 15.82 1.778 33.10
GTPS...... Great American
Bancorp 15.875 27.94 39.69 99.22 86.47 86.47 20.26 2.520 250.00
GUPB...... GFSB Bancorp Inc. 18.500 14.88 22.02 27.61 109.60 109.6 17.86 2.162 111.94
GWBC...... Gateway Bancorp Inc. 16.625 17.88 21.88 31.97 104.17 104.17 27.18 2.406 76.92
GWF....... Great Western
Financial 50.625 6,981.62 28.76 76.7 288.46 325.77 16.28 1.975 151.52
HALL...... Hallmark Capital
Corp. 20.250 29.22 11.01 16.74 102.17 102.17 7.14 0.000 0.00
HARB...... Harbor Federal
Savings Bk, MHC 37.875 187.92 14.35 19.62 206.97 215.08 17.01 3.696 64.77
HARL...... Harleysville Savings
Bank 22.000 36.33 11 17.19 171.61 171.61 10.92 1.818 27.19
HARS...... Harris Savings Bank,
MHC 20.813 233.55 12.39 56.25 151.81 175.93 12.02 2.787 156.76
HAVN...... Haven Bancorp Inc. 34.000 147.31 11.49 15.38 147.00 147.57 8.52 1.765 27.15
HBBI...... Home Building
Bancorp 21.000 6.54 15.44 67.74 105.63 105.63 13.98 1.429 96.77
HBEI...... Home Bancorp of
Elgin Inc. 15.875 111.27 28.35 NA 110.32 110.32 31.02 2.520 NA
HBFW...... Home Bancorp 20.750 54.43 15.72 29.23 119.05 119.05 16.61 0.964 28.17
HBNK...... Highland Federal
Bank FSB 21.813 49.78 9.91 38.27 138.94 138.94 10.37 0.000 0.00
HBS....... Haywood Bancshares
Inc. 16.500 20.66 16.5 19.41 99.88 103.71 14.12 3.394 63.53
HCBB...... HCB Bancshares Inc. 13.000 34.39 NA NA NA NA NA 0.000 NA
HCFC...... Home City Financial
Corp. 13.500 12.85 16.88 NA 84.11 84.11 18.84 2.370 NA
HEMT...... HF Bancorp Inc. 13.500 84.81 56.25 NA 104.90 128.21 8.61 0.000 0
HFFB...... Harrodsburg First
Fin Bancorp 15.250 30.88 20.07 26.29 99.87 99.87 28.54 2.623 94.83
HFFC...... HF Financial Corp. 19.250 57.55 11.46 17.99 116.60 116.88 10.28 1.870 32.94
HFGI...... Harrington Financial
Group 11.500 37.45 11.06 22.55 151.92 151.92 7.27 1.043 0.00
HFNC...... HFNC Financial Corp. 17.375 298.72 36.2 32.18 188.24 188.24 35.44 1.612 961.11
HFSA...... Hardin Bancorp Inc. 14.625 12.57 16.62 28.68 95.15 95.15 12.16 2.735 78.43
HHFC...... Harvest Home
Financial Corp. 10.500 9.61 14.58 45.65 94.51 94.51 11.81 3.810 NA
HIFS...... Hingham Instit. for
Savings 19.000 24.77 9.69 10.98 125.91 125.91 12.02 2.105 27.17
HMCI...... HomeCorp Inc. 14.250 24.13 16.96 71.25 113.82 113.82 7.17 0.000 0.00
HMLK...... Hemlock Federal
Financial Corp 13.000 26.99 NA NA NA NA NA 0.000 NA
HMNF...... HMN Financial Inc. 21.375 90.03 14.06 21.38 114.24 114.24 16.27 0.000 0.00
HOMF...... Home Federal Bancorp 27.250 92.39 11.17 14.42 164.75 170.31 13.92 1.835 19.4
HPBC...... Home Port Bancorp
Inc. 20.250 37.30 12.05 11.98 182.27 182.27 19.71 3.951 44.38
HRBF...... Harbor Federal
Bancorp Inc. 18.000 31.58 18.75 33.33 111.87 111.87 14.39 2.222 74.07
HRZB...... Horizon Financial
Corp. 15.500 114.68 13.84 14.90 146.09 146.09 22.25 2.245 62.71
HTHR...... Hawthorne Financial
Corp. 11.000 28.92 16.18 35.48 88.92 88.92 3.45 0.000 0.00
HVFD...... Haverfield
Corporation 26.000 49.57 15.12 29.55 172.87 172.87 14.51 2.154 61.93
HWEN...... Home Financial
Bancorp 15.750 7.65 23.16 NA 104.17 104.17 19.40 1.270 NA
HZFS...... Horizon Financial
Svcs Corp. 19.250 8.19 13.37 25.00 99.59 99.59 10.45 1.662 41.56
IBSF...... IBS Financial Corp. 16.125 177.57 31.01 46.07 140.83 140.83 24.00 1.984 131.71
IFSB...... Independence Federal
Savings 9.000 11.52 9.78 31.03 67.21 76.66 4.38 2.444 0.00
IFSL...... Indiana Federal
Corporation 26.750 128.07 14.23 24.54 177.98 189.45 15.63 2.692 66.06
INBI...... Industrial Bancorp 12.563 67.97 13.09 27.92 110.11 110.11 20.36 3.821 61.11
INCB...... Indiana Community
Bank SB 16.250 14.98 27.08 108.33 132.44 132.44 16.41 2.215 NA
IPSW...... Ipswich Savings Bank 16.375 19.45 10.77 11.22 190.63 190.63 11.75 1.221 13.70
ISBF...... ISB Financial
Corporation 23.250 160.45 20.04 28.35 133.24 157.09 17.34 1.720 42.68
ITLA...... ITLA Capital Corp. 15.000 117.44 10.42 11.03 127.44 127.99 14.49 0.000 0.00
IWBK...... InterWest Bancorp
Inc. 35.000 280.65 14.34 19.77 236.33 241.88 15.84 1.600 30.51
JOAC...... Joachim Bancorp Inc. 14.750 11.22 52.68 59.00 108.54 108.54 31.46 3.390 200
JSBA...... Jefferson Savings
Bancorp 29.000 144.17 12.29 36.71 124.89 163.93 11.12 1.379 43.04
JSBF...... JSB Financial Inc. 45.000 442.76 17.86 17.24 130.36 130.36 28.90 3.111 47.89
JXSB...... Jacksonville Savings
Bank, MHC 17.500 22.26 21.88 54.69 131.98 131.98 13.59 2.286 125
JXVL...... Jacksonville Bancorp
Inc. 15.000 38.12 13.39 NA 113.04 113.04 17.67 3.333 NA
KFBI...... Klamath First
Bancorp 18.938 188.66 17.54 32.65 123.05 123.05 27.59 1.584 48.28
KNK....... Kankakee Bancorp
Inc. 29.000 41.18 14.22 20.28 112.67 120.33 12.03 1.655 29.37
KSAV...... KS Bancorp Inc. 22.000 14.59 12.22 17.19 104.76 104.81 14.48 2.727 93.75
KSBK...... KSB Bancorp Inc. 33.000 13.72 9.94 10.03 135.75 144.29 9.73 0.606 6.08
KYF....... Kentucky First
Bancorp Inc. 11.063 14.59 13.83 20.49 101.87 101.87 16.41 4.520 648.15
LARK...... Landmark Bancshares
Inc. 19.750 35.71 15.43 20.57 109.06 109.06 15.96 2.025 41.67
LARL...... Laurel Capital Group
Inc. 21.000 30.28 11.41 14.58 144.73 144.73 15.09 2.095 28.47
LFBI...... Little Falls Bancorp
Inc. 13.500 37.06 19.85 48.21 94.47 102.66 12.21 0.889 37.50
LFED...... Leeds Federal
Savings Bk, MHC 18.000 62.19 18.00 28.13 136.26 136.26 22.06 4.222 107.81
LIFB...... Life Bancorp Inc. 22.813 224.64 15.84 22.81 147.94 152.60 15.96 2.104 44.00
LISB...... Long Island Bancorp
Inc. 34.875 844.96 17.10 24.91 161.31 162.89 14.53 1.720 35.71
LOGN...... Logansport Financial
Corp. 13.250 16.67 15.06 18.93 106.77 106.77 20.99 3.019 485.71
LONF...... London Financial
Corporation 15.000 7.73 22.06 NA 102.53 102.53 20.37 1.600 NA
LSBI...... LSB Financial Corp. 19.500 18.43 11.89 19.12 100.41 100.41 9.80 1.662 29.88
LSBX...... Lawrence Savings
Bank 10.750 45.76 9.27 8.4 152.27 152.27 13.38 0.000 0
LVSB...... Lakeview Financial 29.500 67.92 13.66 11.75 148.17 185.30 14.10 0.847 9.51
LXMO...... Lexington B&L
Financial Corp. 15.250 16.59 29.33 NA 100.53 100.53 27.77 1.967 NA
MAFB...... MAF Bancorp Inc. 41.250 430.20 11.99 17.55 168.64 194.21 13.29 1.018 14.89
MARN...... Marion Capital
Holdings 22.500 41.14 11.72 18.29 102.32 102.32 23.58 3.911 65.04
MASB...... MASSBANK Corp. 42.500 114.24 11.81 12.04 126.90 126.90 12.67 2.541 27.48
MBB....... MSB Bancorp Inc. 18.500 52.49 19.27 56.06 93.81 218.42 6.47 3.243 181.82
MBBC...... Monterey Bay Bancorp
Inc. 16.125 52.32 26.88 50.39 107.43 117.19 12.39 0.620 31.25
MBLF...... MBLA Financial Corp. 23.625 31.09 21.88 24.11 109.83 109.83 14.82 1.693 40.82
MBSP...... Mitchell Bancorp
Inc. 16.750 16.21 24.63 NA 110.42 110.42 47.83 0.000 NA
MCBN...... Mid-Coast Bancorp
Inc. 19.500 4.49 9.20 20.97 90.24 90.24 7.76 2.667 54.84
MCBS...... Mid Continent
Bancshares Inc. 26.750 52.38 13.38 15.29 137.46 137.46 14.11 1.495 22.86
MDBK...... Medford Savings Bank 29.000 131.65 12.08 12.95 141.95 153.36 12.49 2.483 37.50
MECH...... Mechanics Savings
Bank 18.750 99.19 12.02 NA 129.31 129.31 12.58 0.000 NA
MERI...... Meritrust Federal SB 38.500 29.81 11.46 22.65 164.95 164.95 13.04 1.818 38.24
METF...... Metropolitan
Financial Corp. 14.500 51.12 10.66 NA 166.09 185.19 6.33 0.000 NA
MFBC...... MFB Corp. 19.125 33.17 15.94 28.13 97.63 97.63 14.16 1.673 32.35
MFCX...... Marshalltown
Financial Corp. 15.000 21.17 22.06 51.72 106.69 106.69 16.66 0.000 0
MFFC...... Milton Federal
Financial Corp. 13.625 31.71 26.2 31.69 111.50 111.50 17.74 4.404 706.98
MFLR...... Mayflower
Co-operative Bank 16.250 14.47 10.69 12.22 123.01 125.19 11.60 3.692 36.84
MFSL...... Maryland Federal
Bancorp 44.000 141.25 15.71 22.00 148.30 150.32 12.52 1.818 34.50
MGNL...... Magna Bancorp Inc. 23.500 323.23 14.69 17.8 244.54 252.69 23.37 2.553 39.77
MIFC...... Mid-Iowa Financial
Corp. 8.750 14.67 11.51 14.11 130.40 130.60 11.87 0.914 12.90
MIVI...... Mississippi View
Holding Co. 14.625 11.97 17.41 25.22 94.05 94.05 17.17 1.094 41.38
MLBC...... ML Bancorp Inc. 18.375 191.38 14.82 15.06 141.02 NA 9.77 2.177 31.15
MRKF...... Market Financial
Corporation 13.375 17.87 NA NA 91.67 91.67 31.71 0.000 NA
MSBF...... MSB Financial Inc. 22.000 13.84 13.75 17.60 110.33 110.33 18.33 2.545 40.00
MSBK...... Mutual Savings Bank
FSB 8.125 34.73 203.13 50.78 87.27 87.27 5.24 0.000 0.00
MWBI...... Midwest Bancshares
Inc. 31.500 10.97 11.93 18.31 113.80 113.80 7.89 1.905 32.56
MWBX...... MetroWest Bank 5.500 76.69 11.46 11.22 188.36 188.36 13.82 2.182 31.63
3
CURRENT PRICE IN RELATION TO
-------------------------------------------- LTM
CURRENT CURRENT TANGIBLE CURRENT DIVIDEND
STOCK MARKET BOOK BOOK DIVIDEND PAYOUT
PRICE VALUE EARNINGS LTM EPS VALUE VALUE ASSETS YIELD RATIO
TICKER SHORT NAME ($) ($M) (X) (X) (%) (%) (%) (%) (%)
- ------------------------------ ------- -------- -------- ------- ---------- ---------- ------ -------- ------------
MWFD...... Midwest Federal
Financial 20.000 32.50 12.5 16.81 187.62 195.31 16.16 1.700 26.05
NASB...... North American
Savings Bank 45.000 101.44 8.65 11.72 184.80 191.00 14.73 1.778 17.42
NBN....... Northeast Bancorp 14.375 18.33 12.39 19.97 106.56 123.28 7.40 2.226 44.44
NBSI...... North Bancshares
Inc. 19.250 19.92 21.88 37.75 113.64 113.64 16.60 2.494 82.35
NEIB...... Northeast Indiana
Bancorp 15.000 26.44 12.50 16.3 100.87 100.87 15.30 2.133 33.70
NHTB...... New Hampshire Thrift
Bncshrs 15.250 31.13 12.30 33.15 133.07 157.05 9.94 3.279 108.70
NASB...... NewMil Bancorp Inc. 9.500 36.94 14.84 16.10 116.85 116.85 11.65 2.526 37.29
NSBC...... NewSouth Bancorp,
Inc. 24.250 70.56 NA NA NA NA NA 0.000 NA
NSLB...... NS&L Bancorp Inc. 16.500 11.67 21.71 37.50 100.86 100.86 20.10 3.030 113.64
NSSB...... Norwich Financial
Corp. 21.250 114.77 14.76 16.35 148.91 166.02 16.36 2.635 43.08
NSSY...... Norwalk Savings
Society 27.750 66.70 16.13 11.37 134.12 139.10 10.80 1.441 8.20
NTMG...... Nutmeg Federal S&LA 7.375 5.35 11.52 29.50 100.34 100.34 5.71 0.000 30.00
NWEQ...... Northwest Equity
Corp. 14.750 12.37 12.72 17.56 103.95 103.95 13.01 3.254 47.62
NWSB...... Northwest Savings
Bank, MHC 14.750 344.80 18.44 25.88 177.71 189.35 17.26 2.169 55.26
NYB....... New York Bancorp
Inc. 33.250 539.08 10.26 14.78 338.94 338.94 17.15 1.805 25.18
OCFC...... Ocean Financial
Corp. 31.125 279.32 18.53 NA 114.01 114.01 20.32 2.570 NA
OCWN...... Ocwen Financial
Corporation 30.750 824.08 12.20 NA 366.07 366.07 31.10 0.000 NA
OFCP...... Ottawa Financial
Corp. 21.875 107.64 16.08 31.25 145.16 181.38 12.84 1.829 50.00
OHSL...... OHSL Financial Corp. 23.750 28.69 14.14 23.06 113.10 113.10 12.48 3.705 76.70
PALM...... Palfed, Inc. 16.500 87.09 16.50 NA 163.85 163.85 13.28 0.727 150.00
PAMM...... PacificAmerica Money
Center 28.250 53.34 5.47 NA 211.61 211.61 47.48 0.000 NA
PBCI...... Pamrapo Bancorp Inc. 20.000 56.86 11.9 20.62 121.73 122.77 15.59 5.000 95.36
PBCT...... People's Bank, MHC 24.188 1,475.87 16.80 18.32 232.80 233.03 19.58 2.757 42.42
PBIX...... Patriot Bank Corp. 16.000 67.62 20 30.77 125.98 125.98 11.49 2.188 53.69
PBKB...... People's Bancshares
Inc. 13.375 48.05 9.29 11.15 156.07 162.91 8.75 3.290 25.83
PBNB...... People's Savings
Financial Cp. 34.875 66.50 16.15 16.37 144.47 154.25 13.88 2.638 43.19
PCBC...... Perry County
Financial Corp. 19.500 15.77 15.73 24.38 107.97 107.97 19.78 2.051 50.00
PCCI...... Pacific Crest
Capital 12.375 36.35 11.46 12.01 146.80 146.80 10.61 0.000 0
PDB....... Piedmont Bancorp
Inc. 10.250 28.20 18.30 NA 140.22 140.22 23.79 3.902 NA
PEEK...... Peekskill Financial
Corp. 14.000 44.84 20.59 24.56 96.02 96.02 24.56 2.571 63.16
PERM...... Permanent Bancorp
Inc. 24.500 51.03 19.14 55.68 127.34 128.61 12.36 1.224 56.82
PERT...... Perpetual Bank, MHC 27.000 40.62 16.88 23.89 136.29 136.29 16.54 5.185 106.19
PETE...... Primary Bank 24.375 50.88 15.23 14.86 176.37 176.76 11.68 0.000 0.00
PFDC...... Peoples Bancorp 21.750 49.58 12.08 16.23 115.32 115.32 17.50 2.759 44.03
PFED...... Park Bancorp Inc. 14.750 35.86 19.41 NA 92.94 92.94 20.15 0.000 NA
PFFB...... PFF Bancorp Inc. 15.125 285.04 27.01 100.83 107.35 108.58 11.24 0.000 0
PFFC...... Peoples Financial
Corp. 15.625 23.30 27.90 NA 96.57 96.57 25.98 3.200 NA
PFNC...... Progress Financial
Corporation 9.000 34.33 8.04 21.95 163.04 185.95 8.57 0.889 14.63
PFSB...... PennFed Financial
Services Inc 26.000 125.35 11.82 19.12 122.58 148.66 10.01 1.077 10.29
PFSL...... Pocahontas FS&LA,
MHC 19.875 32.37 12.74 15.41 136.04 136.04 8.67 4.528 65.50
PHBK...... Peoples Heritage
Finl Group 34.000 948.30 14.17 15.53 215.74 255.64 17.71 2.118 31.51
PHFC...... Pittsburgh Home
Financial Corp 15.125 29.79 16.44 NA 110.32 111.62 12.66 1.587 NA
PKPS...... Poughkeepsie
Financial Corp. 6.688 84.23 18.58 51.45 116.11 116.11 9.78 1.495 76.92
PLE....... Pinnacle Bancshares
Inc. 21.625 19.24 9.65 17.16 124.71 128.87 9.64 3.699 58.73
PLSK...... Pulaski Savings
Bank, MHC 13.000 26.91 NA NA NA NA NA 2.308 NA
PMFI...... Perpetual Midwest
Financial 19.250 36.72 21.88 128.33 108.70 108.70 9.23 1.558 200.00
POBS...... Portsmouth Bank
Shares 16.125 94.69 15.50 15.97 143.33 143.33 36.02 3.721 82.52
PRBC...... Prestige Bancorp
Inc. 15.875 14.52 17.26 NA 98.54 98.54 11.51 0.756 NA
PROV...... Provident Financial
Holdings 16.125 81.84 16.80 NA 94.52 94.52 13.44 0.000 NA
PSBK...... Progressive Bank
Inc. 27.500 105.18 12.5 11.22 143.45 161.96 11.98 2.473 23.26
PSFC...... Peoples-Sidney
Financial Corp. 13.625 24.33 NA NA NA NA NA 0.000 NA
PSFI...... PS Financial Inc. 14.000 30.55 17.50 NA 94.09 94.09 40.67 2.286 NA
PTRS...... Potters Financial
Corp. 21.250 10.35 6.04 29.11 99.35 99.35 8.85 1.694 43.84
PULB...... Pulaski Bank,
Savings Bk, MHC 18.125 37.95 22.66 37.76 164.18 164.18 21.34 5.517 197.92
PULS...... Pulse Bancorp 19.125 58.66 10.63 18.04 145.55 145.55 11.35 3.660 66.04
PVFC...... PVF Capital Corp. 18.000 41.82 9.18 12.50 167.13 167.13 11.74 0.000 0.00
PVSA...... Parkvale Financial
Corporation 27.250 110.64 11.17 17.14 152.15 153.43 11.38 1.908 31.07
PWBC...... PennFirst Bancorp
Inc. 14.000 54.75 12.07 18.67 109.63 120.17 7.75 2.571 114.67
PWBK...... Pennwood Bancorp
Inc. 15.000 9.15 17.05 NA 98.04 98.04 19.09 1.867 NA
QCBC...... Quaker City Bancorp
Inc. 16.000 75.95 13.79 32.65 109.89 110.04 9.79 0.000 0.00
QCFB...... QCF Bancorp Inc. 20.500 29.24 11.39 14.04 108.01 108.01 19.54 0.000 0.00
QCSB...... Queens County
Bancorp Inc. 42.125 469.16 15.96 20.25 198.52 198.52 34.16 1.899 30.05
RARB...... Raritan Bancorp Inc. 30.500 48.50 13.15 14.95 162.23 165.22 12.45 2.361 30.64
RCSB...... RCSB Financial Inc. 42.688 632.46 16.94 17.21 199.85 205.03 15.68 1.406 21.77
REDF...... RedFed Bancorp Inc. 15.250 109.25 11.91 169.44 147.06 147.20 12.02 0.000 0
RELI...... Reliance Bancshares
Inc. 7.750 19.60 27.68 NA 87.18 NA 41.85 0.000 NA
RELY...... Reliance Bancorp
Inc. 25.500 223.47 13.86 22.57 145.22 207.15 11.68 2.510 50.00
RFED...... Roosevelt Financial
Group 23.875 1,017.43 12.98 217.05 240.92 NA 13.55 2.848 577.27
RIVR...... River Valley Bancorp 14.500 17.26 11.69 NA 100.90 102.47 12.48 0.000 NA
ROSE...... TR Financial Corp. 21.875 383.22 12.43 12.43 171.30 171.30 11.33 2.377 21.59
RSLN...... Roslyn Bancorp Inc. 18.125 791.02 NA NA 128.73 129.37 27.76 1.103 NA
RVSB...... Riverview Savings
Bank, MHC 20.000 48.33 16.13 23.53 193.05 212.77 21.54 1.090 24.06
SBCN...... Suburban
Bancorporation Inc. 19.125 28.21 14.94 26.20 106.13 106.13 12.71 3.137 82.19
SBFL...... SB of the Finger
Lakes, MHC 16.250 29.01 40.63 203.13 144.19 144.19 13.63 2.462 500.00
SBOS...... Boston Bancorp (The) NA NA NA NA NA NA NA NA 10.89
SCBS...... Southern Community
Bancshares 13.750 15.64 17.19 NA 101.55 101.55 22.31 2.182 NA
SCCB...... S. Carolina
Community Bancshrs 18.875 13.29 26.22 34.95 110.32 110.32 28.64 3.179 111.11
SECP...... Security Capital
Corporation 92.875 854.72 16.01 21.35 156.96 156.96 23.44 1.292 18.97
SFED...... SFS Bancorp Inc. 16.500 20.39 21.71 25.78 95.60 95.60 12.42 1.697 28.13
SFFC...... StateFed Financial
Corporation 18.875 14.79 13.48 17.48 99.34 99.34 17.49 2.119 37.04
SFIN...... Statewide Financial
Corp. 17 80.84 13.28 22.97 128.69 128.98 11.98 2.353 40.54
SFNB...... Security First
Network Bank 5.500 46.38 NA NA 145.12 147.45 58.26 0.000 0
SFSB...... SuburbFed Financial
Corp. 25.250 31.84 12.88 26.03 118.94 119.44 7.81 1.267 32.99
SFSL...... Security First Corp. 21.375 106.94 13.70 18.27 179.92 183.16 16.85 2.246 37.61
SGVB...... SGV Bancorp Inc. 13.250 31.03 25.48 57.61 106.77 108.70 7.76 0.000 0.00
SHEN...... First Shenango
Bancorp Inc. 24.500 50.54 11.14 16.67 117.85 117.85 12.61 1.959 32.65
SISB...... SIS Bancorp Inc. 28.625 160.78 14.31 8.54 157.02 157.02 11.55 1.677 3.58
SJSB...... SJS Bancorp 26.500 24.32 25.48 80.30 150.06 150.06 15.81 1.660 130.30
SKAN...... Skaneateles Bancorp
Inc. 19.000 18.09 11.31 12.1 109.13 112.83 7.49 2.105 20.38
SKBO...... First Carnegie
Deposit, MHC 13.500 31.05 NA NA NA NA NA 0.000 NA
SMBC...... Southern Missouri
Bancorp Inc. 17.000 27.84 16.35 23.61 107.26 107.26 16.81 2.941 69.44
SMFC...... Sho-Me Financial
Corp. 37.000 55.46 14.68 22.29 176.27 176.27 18.46 0.000 0.00
SOBI...... Sobieski Bancorp
Inc. 14.750 11.20 20.49 50.86 84.19 84.19 14.17 1.898 24.14
SOPN...... First Savings
Bancorp Inc. 23.250 85.95 20.04 25.00 128.88 128.88 31.70 3.441 84.95
SOSA...... Somerset Savings
Bank 2.688 44.76 11.20 14.15 145.30 145.30 8.57 0.000 0.00
SPBC...... St. Paul Bancorp
Inc. 32.688 746.60 16.34 26.58 190.49 191.05 16.65 1.468 31.87
SRN....... Southern Banc
Company Inc. 14.625 17.99 30.47 63.59 101.42 102.49 17.14 2.393 228.26
4
CURRENT PRICE IN RELATION TO
-------------------------------------------- LTM
CURRENT CURRENT TANGIBLE CURRENT DIVIDEND
STOCK MARKET BOOK BOOK DIVIDEND PAYOUT
PRICE VALUE EARNINGS LTM EPS VALUE VALUE ASSETS YIELD RATIO
TICKER SHORT NAME ($) ($M) (X) (X) (%) (%) (%) (%) (%)
- ------------------------------ ------- -------- -------- ------- ---------- ---------- ------ -------- ------------
SSB....... Scotland Bancorp Inc 16.375 30.13 24.08 NA 119.18 119.18 43.71 1.832 NA
SSFC...... South Street
Financial Corp. 16.250 73.07 23.9 NA 111.00 111.00 30.60 2.462 NA
SSM....... Stone Street Bancorp
Inc. 26.125 47.68 22.52 NA 126.09 126.09 45.20 1.722 NA
STFR...... St. Francis Capital
Corp. 29.750 160.24 13.28 19.57 124.53 141.53 10.15 1.613 28.95
STND...... Standard Financial
Inc. 24.250 392.95 23.32 34.64 144.86 145.04 15.79 1.649 48.57
STSA...... Sterling Financial
Corp. 17.500 97.00 14.58 125 159.38 187.97 6.23 0.000 0
SVRN...... Sovereign Bancorp
Inc. 13.563 947.13 28.26 22.23 205.50 280.23 9.21 0.590 11.89
SWBI...... Southwest Bancshares 21.000 55.42 14.58 21.43 138.25 138.25 14.91 3.619 75.51
SWCB...... Sandwich
Co-operative Bank 30.750 58.61 14.5 14.11 149.64 156.97 12.33 3.902 50.46
SZB....... SouthFirst
Bancshares Inc. 14.875 12.60 26.56 NA 94.03 94.03 13.15 3.361 NA
TBK....... Tolland Bank 18.625 21.84 12.58 14.33 136.65 140.99 9.20 1.074 6.15
THR....... Three Rivers
Financial Corp. 15.000 12.35 16.30 23.81 98.49 98.88 13.55 2.400 52.38
THRD...... TF Financial
Corporation 18.000 73.57 15.52 22.78 97.24 111.59 11.42 2.222 43.04
TPNZ...... Tappan Zee Financial
Inc. 16.500 25.31 21.71 27.97 119.22 119.22 20.78 1.212 33.90
TRIC...... Tri-County Bancorp
Inc. 20.250 12.33 13.32 20.05 93.62 93.62 14.34 2.963 39.60
TSBS...... Trenton SB, MHC 19.000 171.71 21.59 22.09 164.64 180.09 27.41 1.842 40.70
TSH....... Teche Holding Co. 19.250 66.17 13.37 23.48 126.40 126.40 16.81 2.597 60.98
TWIN...... Twin City Bancorp 18.500 15.79 15.42 26.06 116.94 116.94 15.11 3.459 90.14
UBMT...... United Financial
Corp. 19.500 23.85 16.25 20.53 97.79 97.79 22.14 4.923 95.79
UFRM...... United Federal
Savings Bank 11.125 34.11 16.36 61.81 166.04 166.04 12.63 2.157 111.11
VABF...... Virginia Beach Fed.
Financial 13.000 64.64 18.06 68.42 156.82 156.82 10.64 1.538 89.47
VFFC...... Virginia First
Financial Corp. 22.250 129.22 14.64 12.36 196.04 203.01 15.80 0.449 5.56
WAMU...... Washington Mutual
Inc. 56.938 6,732.80 15.31 59.31 291.54 309.11 14.62 1.827 97.92
WAYN...... Wayne Savings & Loan
Co. MHC 26.750 38.08 24.77 56.91 175.76 175.76 16.03 3.439 189.26
WBST...... Webster Financial
Corporation 41.188 493.49 NA 23.01 173.64 206.35 8.82 1.942 39.11
WCBI...... Westco Bancorp 23.813 60.82 15.26 19.68 126.06 126.06 19.63 2.520 44.63
WCFB...... Webster City Federal
SB, MHC 14.000 29.40 20.59 29.79 133.97 133.97 31.56 5.714 170.21
WEFC...... Wells Financial
Corp. 14.000 27.57 12.07 21.54 98.59 98.59 14.04 0.000 0.00
WEHO...... Westwood Homestead
Fin. Corp. 13.438 38.21 24 NA 94.97 94.97 29.40 2.084 NA
WES....... Westcorp 17.500 455.24 14.58 15.35 142.39 142.74 13.37 2.286 34.67
WFCO...... Winton Financial
Corp. 13.125 26.07 8.20 12.50 118.67 121.42 8.49 3.505 40.95
WFSG...... Wilshire Financial
Services 15.250 115.44 9.78 NA 179.83 179.83 10.51 0.000 NA
WFSL...... Washington Federal
Inc. 26.250 1,245.75 11.93 13.82 186.17 206.69 21.51 3.352 45.07
WHGB...... WHG Bancshares Corp. 14.250 20.84 25.45 NA 101.79 101.79 22.28 1.404 NA
WOFC...... Western Ohio
Financial Corp. 21.250 49.29 37.95 44.27 91.56 97.12 12.28 4.706 208.33
WRNB...... Warren Bancorp Inc. 18.375 68.85 7.41 9.72 185.98 185.98 18.77 2.830 28.57
WSB....... Washington Savings
Bank, FSB 4.875 20.57 7.62 16.81 96.34 96.34 8.02 2.051 34.48
WSFS...... WSFS Financial
Corporation 12.750 159.75 9.96 9.88 210.74 212.85 10.81 0.000 0
WSTR...... WesterFed Financial
Corp. 20.125 111.72 20.13 24.85 109.14 138.13 11.98 2.087 51.60
WVFC...... WVS Financial
Corporation 24.750 43.24 11.90 15.18 120.73 120.73 15.36 3.232 141.10
WWFC...... Westwood Financial
Corporation 18.000 11.61 14.52 NA 116.73 131.68 10.76 1.111 NA
WYNE...... Wayne Bancorp Inc. 19.250 41.51 19.25 NA 116.17 116.17 16.91 1.039 NA
YFCB...... Yonkers Financial
Corporation 14.625 46.50 14.06 NA 106.91 106.91 16.35 1.368 NA
YFED...... York Financial Corp. 19.875 138.55 11.83 20.70 142.07 142.07 11.97 3.019 59.67
Count 419 399 333 410 407 411 344 291
New York
AFED...... AFSALA Bancorp Inc. 13.875 20.18 16.52 NA 88.60 88.83 13.26 1.153 NA
AHCI...... Ambanc Holding Co.
Inc. 14.750 64.78 23.05 NA 106.50 106.50 13.55 0.000 0.00
ALBC...... Albion Banc Corp. 23.000 6.05 12.78 104.55 97.38 97.38 8.67 1.348 140.91
ALBK...... ALBANK Financial
Corporation 36.938 472.27 13.78 18.75 147.16 169.67 13.54 1.624 27.41
ASFC...... Astoria Financial
Corporation 42.313 898.84 14.69 24.32 153.81 184.85 11.69 1.418 25.29
CATB...... Catskill Financial
Corp. 15.750 79.91 19.69 NA 107.14 107.14 28.90 1.778 NA
CNY....... Carver Bancorp Inc. 10.500 24.30 NA NA 71.14 74.31 5.74 0.000 0.00
CONE...... Conestoga Bancorp,
Inc. NA NA NA NA NA NA NA NA 28.17
DIME...... Dime Community
Bancorp Inc. 17.875 234.63 17.19 NA 123.02 143.34 18.96 1.007 NA
DME....... Dime Bancorp Inc. 17.375 1,828.88 14.01 16.87 173.58 175.15 9.90 0.000 0.00
ESBK...... Elmira Savings Bank
(The) 20.750 14.66 21.61 23.31 102.72 107.29 6.58 3.084 71.91
FFIC...... Flushing Financial
Corp. 18.875 152.65 18.88 21.70 117.53 117.53 18.82 1.272 13.79
FIBC...... Financial Bancorp
Inc. 17.500 30.06 12.50 21.88 116.74 117.37 11.36 2.286 40.63
GPT....... GreenPoint Financial
Corp. 62.500 2,930.50 16.62 18.55 180.79 315.50 22.10 1.600 25.22
GRTR...... Greater New York
Savings Bank 19.625 268.42 24.53 24.23 170.95 170.95 10.44 1.019 12.35
HAVN...... Haven Bancorp Inc. 34.000 147.31 11.49 15.38 147.00 147.57 8.52 1.765 27.15
JSBF...... JSB Financial Inc. 45.000 442.76 17.86 17.24 130.36 130.36 28.90 3.111 47.89
LISB...... Long Island Bancorp
Inc. 34.875 844.96 17.10 24.91 161.31 162.89 14.53 1.720 35.71
MBB....... MSB Bancorp Inc. 18.500 52.49 19.27 56.06 93.81 218.42 6.47 3.243 181.82
NYB....... New York Bancorp
Inc. 33.250 539.08 10.26 14.78 338.94 338.94 17.15 1.805 25.18
PEEK...... Peekskill Financial
Corp. 14.000 44.84 20.59 24.56 96.02 96.02 24.56 2.571 63.16
PKPS...... Poughkeepsie
Financial Corp. 6.688 84.23 18.58 51.45 116.11 116.11 9.78 1.495 76.92
PSBK...... Progressive Bank
Inc. 27.500 105.18 12.50 11.22 143.45 161.96 11.98 2.473 23.26
QCSB...... Queens County
Bancorp Inc. 42.125 469.16 15.96 20.25 198.52 198.52 34.16 1.899 30.05
RCSB...... RSCB Financial Inc. 42.688 632.46 16.94 17.21 199.85 205.03 15.68 1.406 21.77
RELY...... Reliance Bancorp
Inc. 25.500 223.47 13.86 22.57 145.22 207.15 11.68 2.510 50.00
ROSE...... TR Financial Corp. 21.875 383.22 12.43 12.43 171.30 171.30 11.33 2.377 21.59
RSLN...... Roslyn Bancorp Inc. 18.125 791.02 NA NA 128.73 129.37 27.76 1.103 NA
SBFL...... SB of the Finger
Lakes, MHC 16.250 29.01 40.63 203.13 144.19 144.19 13.63 2.462 500.00
SFED...... SFS Bancorp Inc. 16.500 20.39 21.71 25.78 95.60 95.60 12.42 1.697 28.13
SKAN...... Skaneateles Bankcorp
Inc. 19.000 18.09 11.31 12.10 109.13 112.83 7.49 2.105 20.38
TPNZ...... Tappan Zee Financial
Inc. 16.500 25.31 21.71 27.97 119.22 119.22 20.78 1.212 33.9
YFCB...... Yonkers Financial
Corporation 14.625 46.50 14.06 NA 106.91 106.91 16.35 1.368 NA
Count 32 30 25 32 32 32 29 25
Comparable Group
JOAC...... Joachim Bancorp Inc. 14.750 11.22 52.68 59 108.54 108.54 31.46 3.390 200
HBBI...... Home Building
Bancorp 21.000 6.54 15.44 67.74 105.63 105.63 13.98 1.429 96.77
CSBF...... CSB Financial Group
Inc. 12.500 11.77 52.08 56.82 97.81 103.73 24.53 0.000 0.00
MCBN...... Mid-Coast Bancorp
Inc. 19.500 4.49 9.2 20.97 90.24 90.24 7.76 2.667 54.84
NSLB...... NS&L Bancorp Inc. 16.500 11.67 21.71 37.50 100.86 100.86 20.10 3.030 113.64
CKFB...... CKF Bancorp Inc. 19.250 17.85 22.92 22.13 116.03 116.03 29.65 2.286 165.52
ALBC...... Albion Banc Corp. 23.000 6.05 12.78 104.55 97.38 97.38 8.67 1.348 140.91
MIVI...... Mississippi View
Holding Co. 14.625 11.97 17.41 25.22 94.05 94.05 17.17 1.094 41.38
ATSB...... AmTrust Capital
Corp. 12.750 6.71 21.25 28.98 92.93 93.96 9.45 1.569 11.36
SCCB...... S. Carolina
Community Bancshrs 18.875 13.29 26.22 34.95 110.32 110.32 28.64 3.179 111.11
10 10 10 10 10 10 10 10
Comparable Average 10.16 25.17 45.79 101.38 102.07 19.14 2.00 93.55
Comparable Median 11.45 21.48 36.23 99.34 102.30 18.64 1.93 103.94
All Public Average 186.82 17.64 28.57 136.67 142.07 15.76 2.22 71.34
All Public Median 48.33 14.76 21.95 126.08 128.98 14.01 1.86 36.84
New York Average 372.68 17.40 33.25 137.59 151.19 15.21 1.86 62.90
New York Median 126.25 16.78 21.88 125.88 136.85 13.40 1.66 27.77
5
EXHIBIT 7
STANDARD CONVERSIONS--1996 TO DATE
SELECTED MARKET DATA
MARKET DATA AS OF 6/10/97
PRICE TO PRO-FORMA
PRO-FORMA -----------------------
GROSS CONVERSION TOTAL PRO-FORMA PRO-FORMA
IPO PRICE PROCEEDS ASSETS EQUITY BOOK VALUE TANG. BOOK
TICKER SHORT NAME IPO DATE ($) ($000) ($000) ($000) (%) (%)
- ------ -------------------------------- -------- --------- -------- ---------- --------- ---------- ----------
HCBB.. HCB Bancshares Inc. 05/07/97 10.000 26,450 171,241 36,760 72.0 71.953
PSFC.. Peoples-Sidney Financial Corp. 04/28/97 10.000 17,854 86,882 25,061 71.2 71.242
NSBC.. NewSouth Bancorp, Inc. 04/08/97 15.000 43,643 194,139 55,487 78.7 78.654
HMLK.. Hemlock Federal Financial Corp 04/02/97 10.000 20,763 146,595 28,989 71.6 71.624
GSLA.. GS Financial Corp. 04/01/97 10.000 34,385 86,521 53,934 63.8 63.754
Q2
'97.. Average 71.5 71.4
Median 71.6 71.6
MRKF.. Market Financial Corporation 03/27/97 10.000 13,357 45,547 18,795 71.1 71.067
EFBC.. Empire Federal Bancorp Inc. 01/27/97 10.000 25,921 86,810 38,067 68.1 68.093
FAB... FirstFed America Bancorp Inc. 01/15/97 10.000 87,126 723,778 120,969 72.0 72.023
RSLN.. Roslyn Bancorp Inc. 01/13/97 10.000 423,714 1,596,744 588,624 72.0 71.984
AFBC.. Advance Financial Bancorp 01/02/97 10.000 10,845 91,852 15,256 71.1 71.086
Q1
'97.. Average 70.9 70.9
Median 71.1 71.1
1997
YTD Average 71.2 71.1
Median 71.4 71.4
HCFC.. Home City Financial Corp. 12/30/96 10.000 9,522 55,728 13,373 71.2 71.203
CENB.. Century Bancorp Inc. 12/23/96 50.000 20,367 81,304 28,246 72.1 72.105
SCBS.. Southern Community Bancshares 12/23/96 10.000 11,374 64,381 15,290 74.4 74.388
BFFC.. Big Foot Financial Corp. 12/20/96 10.000 25,128 194,624 34,576 72.7 72.674
RIVR.. River Valley Bancorp 12/20/96 10.000 11,903 86,604 16,314 73.0 72.961
PSFI.. PS Financial Inc. 11/27/96 10.000 21,821 53,520 30,338 71.9 71.927
CFNC.. Carolina Fincorp Inc. 11/25/96 10.000 18,515 94,110 24,052 77.0 76.979
DCBI.. Delphos Citizens Bancorp Inc. 11/21/96 10.000 20,387 88,022 28,226 72.2 72.228
FTNB.. Fulton Bancorp Inc. 10/18/96 10.000 17,193 85,496 23,705 72.5 72.528
CNBA.. Chester Bancorp Inc. 10/08/96 10.000 21,821 134,781 30,264 72.1 72.102
SSFC.. South Street Financial Corp. 10/03/96 10.000 44,965 166,978 58,917 76.3 76.319
AFED.. AFSALA Bancorp Inc. 10/01/96 10.000 14,548 133,046 20,281 71.7 71.731
Q4
'96.. Average 73.1 73.1
Median 72.4 72.4
CBES.. CBES Bancorp Inc. 09/30/96 10.000 10,250 86,168 16,788 61.1 61.055
WEHO.. Westwood Homestead Fin. Corp. 09/30/96 10.000 28,434 96,638 38,512 73.8 73.831
HBEI.. Home Bancorp of Elgin Inc. 09/27/96 10.000 70,093 304,520 96,498 72.6 72.637
PFFC.. Peoples Financial Corp. 09/13/96 10.000 14,910 78,078 23,187 64.3 64.303
PFED.. Park Bancorp Inc. 08/12/96 10.000 27,014 158,939 40,524 66.7 66.662
ANA... Acadiana Bancshares Inc. 07/16/96 12.000 32,775 225,248 45,564 71.9 71.932
PWBK.. Pennwood Bancorp Inc. 07/15/96 10.000 6,101 41,592 9,034 67.5 67.535
MBSP.. Mitchell Bancorp Inc. 07/12/96 10.000 9,799 28,222 13,991 70.0 70.038
OCFC.. Ocean Financial Corp. 07/03/96 20.000 167,762 1,036,445 235,685 71.2 71.181
HWEN.. Home Financial Bancorp 07/02/96 10.000 5,059 33,462 7,436 68.0 68.035
EGLB.. Eagle BancGroup Inc. 07/01/96 10.000 13,027 150,974 22,288 58.4 58.449
FLKY.. First Lancaster Bancshares 07/01/96 10.000 9,588 35,361 12,840 74.7 74.673
Q3
'96.. Average 68.4 68.4
Median 69.0 69.0
PROV.. Provident Financial Holdings 06/28/96 10.000 51,252 570,691 82,149 62.4 62.389
PRBC.. Prestige Bancorp Inc. 06/27/96 10.000 9,630 91,841 15,172 63.5 63.473
WYNE.. Wayne Bancorp Inc. 06/27/96 10.000 22,314 207,997 35,926 62.1 62.111
DIME.. Dime Community Bancorp Inc. 06/26/96 10.000 145,475 665,187 204,706 71.1 71.124
MECH.. Mechanics Savings Bank 06/26/96 10.000 52,900 662,482 73,516 72.0 71.957
CNSB.. CNS Bancorp Inc. 06/12/96 10.000 16,531 85,390 23,176 71.3 71.328
LXMO.. Lexington B&L Financial Corp. 06/06/96 10.000 12,650 49,981 17,802 71.1 71.059
FFBH.. First Federal Bancshares of AR 05/03/96 10.000 51,538 454,479 79,239 65.0 65.041
CBK... Citizens First Financial Corp. 05/01/96 10.000 28,175 227,872 37,414 75.3 75.306
RELI.. Reliance Bancshares Inc. 04/19/96 8.000 20,499 32,260 27,465 74.6 74.637
CATB.. Catskill Financial Corp. 04/18/96 10.000 56,868 230,102 76,844 74.0 74.004
YFCB.. Yonkers Financial Corporation 04/18/96 10.000 35,708 208,283 46,227 77.2 77.245
GSFC.. Green Street Financial Corp. 04/04/96 10.000 42,981 151,028 58,793 73.1 73.106
FFDF.. FFD Financial Corp. 04/03/96 10.000 14,548 58,955 20,239 71.9 71.880
AMFC.. AMB Financial Corp. 04/01/96 10.000 11,241 68,851 15,421 72.9 72.895
FBER.. 1st Bergen Bancorp 04/01/96 10.000 31,740 223,167 41,156 77.1 77.121
LONF.. London Financial Corporation 04/01/96 10.000 5,290 34,152 7,515 70.4 70.393
PHFC.. Pittsburgh Home Financial Corp 04/01/96 10.000 21,821 157,570 29,090 75.0 75.012
SSB... Scotland Bancorp Inc 04/01/96 10.000 18,400 57,718 23,853 77.1 77.139
SSM... Stone Street Bancorp Inc. 04/01/96 15.000 27,376 84,996 35,445 77.2 77.235
WHGB.. WHG Bancshares Corp. 04/01/96 10.000 16,201 85,027 22,144 73.2 73.162
Q2
'96.. Average 71.8 71.8
Median 72.9 72.9
CRZY.. Crazy Woman Creek Bancorp 03/29/96 10.000 10,580 37,510 14,752 71.7 71.719
PFFB.. PFF Bancorp Inc. 03/29/96 10.000 198,375 1,899,412 279,603 70.9 70.949
FCB... Falmouth Co-Operative Bank 03/28/96 10.000 14,548 73,735 21,169 68.7 68.722
CFTP.. Community Federal Bancorp 03/26/96 10.000 46,288 162,042 63,020 73.4 73.449
GAF... GA Financial Inc. 03/26/96 10.000 89,000 476,259 122,643 72.6 72.568
BYFC.. Broadway Financial Corp. 01/09/96 10.000 8,927 102,512 12,768 69.9 69.917
LFBI.. Little Falls Bancorp Inc. 01/05/96 10.000 30,418 196,394 41,370 73.5 73.526
Q1
'96.. Average 71.5 71.6
Median 71.7 71.7
1996
YTD Average 71.3 71.3
Median 72.1 72.0
1/1/96
to Average 71.2 71.2
5/6/97 Median 72.0 71.9
PERCENT CHANGE FROM IPO
-------------------- ----------------------------------
PRO-FORMA ADJUSTED AFTER AFTER AFTER AFTER CURRENT
EARNINGS ASSETS 1 DAY 1 WEEK 1 MONTH 3 MONTHS STOCK PRICE
TICKER (X) (%) (%) (%) (%) (%) 6/10/97
- ------ --------- -------- ----- ------ ------- -------- -----------
HCBB.. 29.0 13.4 26.25% 27.50% 28.75% NA 13.000
PSFC.. 11.5 17.0 25.63% 28.75% 32.50% NA 13.625
NSBC.. 22.1 18.4 35.00% 46.67% 59.17% NA 24.250
HMLK.. 37.5 12.4 28.75% 28.75% 30.00% NA 13.000
GSLA.. 38.7 28.4 33.75% 37.50% 40.00% NA 14.813
Q2
'97 27.8 17.9 29.88% 33.83% 38.08% 0.00%
29.0 17.0 28.75% 28.75% 32.50% 0.00%
MRKF.. 26.2 22.7 29.38% 22.50% 26.25% NA 13.375
EFBC.. 21.5 23.0 32.50% 35.00% 37.50% 31.25% 13.438
FAB... 13.6 10.7 36.25% 41.25% 48.75% 38.75% 14.813
RSLN.. 9.3 21.0 50.00% 59.38% 60.00% 58.75% 18.125
AFBC.. 16.8 10.6 28.75% 29.38% 40.00% 40.00% 13.938
Q1
'97 17.5 17.6 35.38% 37.50% 42.50% 42.19%
16.8 21.0 32.50% 35.00% 40.00% 38.75%
1997
YTD 22.6 17.8 32.63% 35.67% 40.29% 42.19%
21.8 17.7 30.94% 32.19% 38.75% 0.00%
HCFC.. 13.7 14.6 NA 25.00% 35.00% 35.00% 13.500
CENB.. 18.9 20.0 25.25% 32.00% 30.25% 36.00% 69.000
SCBS.. 14.5 15.0 30.00% 37.50% 35.00% 40.00% 13.750
BFFC.. 33.1 11.4 23.13% 25.00% 38.75% 41.25% 15.625
RIVR.. 15.2 12.1 36.88% 38.75% 50.00% 45.00% 14.500
PSFI.. 17.2 29.0 16.41% 16.88% 25.00% 37.50% 14.000
CFNC.. 17.2 16.4 30.00% 30.00% 36.25% 47.50% 14.500
DCBI.. 14.6 18.8 21.25% 21.25% 20.63% 41.25% 14.188
FTNB.. 14.6 16.7 25.00% 28.75% 47.50% 65.00% 19.750
CNBA.. 18.8 13.9 29.38% 26.25% 26.25% 32.50% 15.250
SSFC.. 26.1 21.2 NA 25.00% 23.75% 41.25% 16.250
AFED.. 13.7 9.9 13.75% 13.13% 15.63% 20.00% 13.875
Q4
'96.. 18.1 16.6 25.11% 26.63% 32.00% 40.19%
16.2 15.7 24.07% 25.63% 32.63% 40.63%
CBES.. 13.2 10.6 26.25% 34.38% 32.50% 42.50% 16.875
WEHO.. NA 22.7 7.50% 6.25% 5.00% 21.25% 13.438
HBEI.. 24.9 18.7 18.13% 25.00% 26.25% 33.75% 15.875
PFFC.. 28.6 16.0 8.75% 15.00% 27.50% 30.00% 15.625
PFED.. 26.2 14.5 2.50% 4.38% 5.00% 20.00% 14.750
ANA... NA 12.7 0.00% -2.08% 3.13% 15.63% 19.750
PWBK.. 14.5 12.8 -5.00% -8.75% -3.75% 11.88% 15.000
MBSP.. NA 25.8 NA 6.25% 10.00% 21.25% 16.750
OCFC.. 13.4 13.9 6.25% 0.63% 5.00% 18.13% 31.125
HWEN.. 11.4 13.1 2.50% -1.25% 5.00% 20.00% 15.750
EGLB.. 100.1 7.9 12.50% 12.50% 11.25% 30.00% 15.500
FLKY.. 18.5 21.3 35.00% 33.75% 37.50% 38.75% 15.000
Q3
'96.. 27.9 15.8 12.71% 14.01% 14.94% 25.26%
14.0 14.2 6.88% 6.25% 7.50% 21.25%
PROV.. 19.9 8.2 9.70% 8.10% 1.25% 23.75% 16.125
PRBC.. 28.8 9.5 3.75% 2.50% -2.50% 22.50% 15.875
WYNE.. 18.9 9.7 11.25% 13.75% 12.50% 36.25% 19.250
DIME.. 15.5 17.9 16.87% 20.00% 18.75% 33.75% 17.875
MECH.. NA 7.4 15.00% 15.00% 12.50% 45.00% 18.750
CNSB.. 24.4 16.2 10.00% 16.25% 15.00% 30.00% 16.000
LXMO.. 20.8 20.2 -5.00% -2.50% 1.25% 0.63% 15.250
FFBH.. 10.5 10.2 30.00% 32.50% 36.90% 36.25% 19.375
CBK... 15.7 11.0 5.00% 0.00% 1.25% -1.25% 15.500
RELI.. 32.3 38.9 4.69% 3.13% -0.75% 3.13% 7.750
CATB.. 18.6 19.8 3.75% 6.25% 3.75% 0.00% 15.750
YFCB.. 15.9 14.6 -2.50% 1.25% -0.60% -2.50% 14.625
GSFC.. 14.6 22.2 28.75% 22.50% 23.10% 30.60% 17.750
FFDF.. 25.4 19.8 5.00% 5.00% 3.10% 1.25% 13.375
AMFC.. 17.9 14.0 5.00% 5.00% 5.00% 5.00% 14.250
FBER.. 21.0 12.5 0.00% -5.00% -3.75% -7.50% 13.625
LONF.. 24.5 13.4 8.12% 6.25% 1.25% 3.10% 15.000
PHFC.. 17.0 12.2 10.00% 10.00% 6.25% 1.90% 15.125
SSB... 16.9 24.2 22.50% 25.00% 17.50% 23.75% 16.375
SSM... 19.1 24.4 16.67% 20.00% 18.33% 12.50% 26.125
WHGB.. 15.2 16.0 11.25% 10.60% 12.50% 10.00% 14.250
Q2
'96.. 19.6 16.3 11.66% 11.98% 10.74% 18.12%
18.6 14.6 9.70% 8.10% 5.00% 10.00%
CRZY.. 15.8 22.0 NA 7.50% 5.00% 1.25% 13.125
PFFB.. 25.0 9.5 13.75% 16.25% 16.25% 11.25% 15.125
FCB... 17.6 16.5 7.50% 12.50% 7.50% 3.75% 15.875
CFTP.. 13.6 22.2 26.25% 28.75% 26.25% 33.75% 17.500
GAF... 13.5 15.7 13.75% 15.00% 10.00% 10.00% 16.750
BYFC.. 13.0 8.0 3.75% 2.50% 2.50% 3.75% 10.750
LFBI.. 36.4 13.4 13.13% 13.75% 10.00% 8.10% 13.500
Q1
'96.. 19.3 15.3 13.02% 13.75% 11.07% 10.26%
15.8 15.7 13.13% 13.75% 10.00% 8.10%
1996
YTD 20.8 16.1 15.19% 16.46% 17.20% 24.28%
17.1 14.8 10.63% 13.75% 12.50% 21.88%
1/1/96
to 21.1 16.4 18.48% 19.89% 21.25% 25.66%
5/6/97 17.2 15.4 13.75% 16.25% 16.88% 21.25%
7
Landmark Community Bank
Pro-Forma Analysis Sheet--Twelve Months Ended
March 31, 1997
Includes SOP 93-6
Name of Association: Landmark Community Bank
Date of Letter to Association: 6/19/97
Date of Market Prices: 6/10/97
Comparable All Publicly
Companies State Thrifts Traded Thrifts
-------------------- -------------------- --------------------
Landmark
Symbols Value Mean Median Mean Median Mean Median
--------- --------- --------- --------- --------- --------- --------- ---------
Price-Earnings Ratio............... P/E
Last Twelve Months................. N/A
At Minimum of Range................ (52.63)
At Midpoint of Range............... (76.92) 45.79 36.23 33.25 21.88 28.57 21.95
At Maximum of Range................ (125.00)
At SuperMaximum of Range........... (250.00)
Price-Book Ratio................... P/B
Last Twelve Months................. N/A
At Minimum of Range................ 58.79%
At Midpoint of Range............... 63.29% 101.38% 99.34% 137.59% 125.88% 136.67% 126.08%
At Maximum of Range................ 67.16%
At SuperMaximum of Range........... 70.97%
Price-Tangible Book Ratio.......... P/TB
Last Twelve Months................. N/A
At Minimum of Range................ 58.79%
At Midpoint of Range............... 63.29% 102.07% 102.30% 151.19% 136.85% 142.07% 128.98%
At Maximum of Range................ 67.16%
At SuperMaximum of Range........... 70.97%
Price-Assets Ratio................. P/A
Last Twelve Months................. N/A
At Minimum of Range................ 8.14%
At Midpoint of Range............... 9.44% 19.14% 18.64% 15.21% 13.40% 15.76% 14.01%
At Maximum of Range................ 10.70%
At SuperMaximum of Range........... 12.15%
RECENT STANDARD
CONVERSION THRIFTS
----------------------
MEAN MEDIAN
--------- -----------
Price-Earnings Ratio...............
Last Twelve Months.................
At Minimum of Range................
At Midpoint of Range............... 21.10 17.20
At Maximum of Range................
At SuperMaximum of Range...........
Price-Book Ratio...................
Last Twelve Months.................
At Minimum of Range................
At Midpoint of Range............... 71.20% 72.00%
At Maximum of Range................
At SuperMaximum of Range...........
Price-Tangible Book Ratio..........
Last Twelve Months.................
At Minimum of Range................
At Midpoint of Range............... 71.20% 71.90%
At Maximum of Range................
At SuperMaximum of Range...........
Price-Assets Ratio.................
Last Twelve Months.................
At Minimum of Range................
At Midpoint of Range............... 16.40% 15.40%
At Maximum of Range................
At SuperMaximum of Range...........
Valuation Parameters
Prior Twelve Mos. Earning Base..... Y
Period Ended March 31, 1997...... $ (36) (1)
Pre-Conversion Book Value.......... B
As of March 31, 1997............. $ 955
Pre-Conversion Assets.............. A
As of March 31, 1997............. $ 11,326
Return on Money.................... R 3.79% (2)
Conversion Expenses................ $ 150
X 13.04% (3)
Proceeds Not Invested.............. $ 138 (4)
Estimated ESOP Borrowings.......... $ 92
ESOP Purchases..................... E 8.00% (5)
Cost of ESOP Borrowings............ $ 6 (5)
Cost of ESOP Borrowings............ S 0.00% (5)
Amort of ESOP Borrowings........... T 15 Years
Amort of MRP Amount................ N 5 Years
Estimated MRP Amount............... $ 46 (6)
MRP Purchases...................... M 4.00%
MRP Expense........................ $ 9
Foundation Amount.................. $ --
Foundation Amount.................. F 0.00%
Tax Rate........................... TAX 37.00%
Percentage Sold.................... PCT 100.00%
Tax Benefit........................ Z $ 0
Earnings Multiplier................ 1.00
(1) Net income for the twelve months ended March 31, 1997
(2) Net Return assumes a reinvestment rate of 6.02 percent (the 1 year Treasury
at March 31, 1997), and a tax rate of 37%.
(3) Conversion expenses reflect estimated expenses as presented in the offering
document.
(4) Includes Stock from ESOP and MRP.
(5) Assumes ESOP is amortized straight line over fifteen years.
(6) Assumes MRP is amortized straight line over five years.
2
Exhibit 8 Full Offering-March 31, 1997
PRO FORMA CALCULATION
Calculation of Estimated Value (V) at Midpoint Value
P/E*Y
3. V= ------------------------------------------------- = $115,000 $868
1-P/E*PCT*((1-X-E-M-F)*R-(1-TAX)*E/T-(1-TAX)*M/N)
P/B*(B+Z)
2. V= --------------------- = $115,000 $1,150
1-P/B*PCT*(1-X-E-M-F)
P/A*A
1. V= ----------------------- = $115,000 $1,151
1-P/A*PCT*(1-X-E-M-F)
IMPLIED
-----------
FULL EXCHANGE CONVERSION
TOTAL PRICE PER CONVERSION -------------------------- ----------------------
CONCLUSION SHARES SHARE VALUE SHARES PERCENT SHARES PERCENT
- ----------------------------- ----------- ------------- ----------- ------ ----------- ----------- ---------
Appraised Value-- Midpoint... 115 $ 10 $ 1,150 0 0.00% 115 100.00%
Appraised Value-- Minimum.... 98 $ 10 $ 980 0 0.00% 98 100.00%
Appraised Value-- Maximum.... 132 $ 10 $ 1,320 0 0.00% 132 100.00%
Appraised Value--
SuperMaximum *............. 152 $ 10 $ 1,520 0 0.00% 152 100.00%
GROSS EXCHANGE EXCHANGE
CONCLUSION PROCEEDS VALUE RATIO
- ----------------------------- ----------- ------------- ----------
Appraised Value-- Midpoint... $ 1,150 $ 0 #DIV/0!
Appraised Value-- Minimum.... $ 980 $ 0 #DIV/0!
Appraised Value-- Maximum.... $ 1,320 $ 0 #DIV/0!
Appraised Value--
SuperMaximum *............. $ 1,520 $ 0 #DIV/0!
- ------------------------
* SuperMaximum is an overallotment option that is 15% above the maximum
amount.
3
Exhibit 8 Full Offering-March 31, 1997
PROFORMA EFFECT OF CONVERSION PROCEEDS
AS OF MARCH 31, 1997
(DOLLARS IN THOUSANDS)
----------------------------------------------
MINIMUM MIDPOINT MAXIMUM SUPERMAX
----------- --------- ----------- -----------
Conversion Proceeds
Total Shares Offered.......................................... 98 115 132 152
Conversion Shares Offered..................................... 98 115 132 152
Price Per Share............................................... $ 10 $ 10 $ 10 $ 10
--------- --------- --------- ---------
Gross Proceeds................................................ $ 980 $ 1,150 $ 1,320 $ 1,520
Less: Est. Conversion Expenses................................ $ 150 $ 150 $ 150 $ 150
--------- --------- --------- ---------
Net Proceeds.................................................. $ 830 $ 1,000 $ 1,170 $ 1,370
Estimated Income from Proceeds
Net Conversion Proceeds....................................... $ 830 $ 1,000 $ 1,170 $ 1,370
Less: ESOP Adjustment......................................... (3) $ 78 $ 92 $ 106 $ 122
Less: MRP Adjustment.......................................... (3) $ 39 $ 46 $ 53 $ 61
--------- --------- --------- ---------
Net Proceeds Reinvested....................................... $ 713 $ 862 $ 1,011 $ 1,187
Estimated Incremental Rate of Return.......................... 3.79% 3.79% 3.79% 3.79%
--------- --------- --------- ---------
Estimated Incremental Return.................................. $ 27 $ 33 $ 38 $ 45
Less: Cost of ESOP............................................ (4) $ 0 $ 0 $ 0 $ 0
Less: Amortization of ESOP.................................... (7) $ 3 $ 4 $ 4 $ 5
Less: MRP Adjustment.......................................... (7) $ 5 $ 6 $ 7 $ 8
--------- --------- --------- ---------
Pro-forma Net Income.......................................... $ 19 $ 23 $ 27 $ 32
Earnings Before Conversion.................................... ($36) ($36) ($36) ($36)
Earnings Excluding Adjustment................................. ($17) ($13) ($9) ($4)
Earnings Adjustment........................................... (6) $ 0 $ 0 $ 0 $ 0
--------- --------- --------- ---------
Earnings After Conversion..................................... ($17) ($13) ($9) ($4)
Pro-forma Net Worth
Net Worth at March 31, 1997................................... $ 955 $ 955 $ 955 $ 955
Net Conversion Proceeds....................................... 830 1,000 1,170 1,370
Plus: MHC Adjustment.......................................... (7) 0 0 0 0
Less: ESOP Adjustment......................................... (1) (78) (92) (106) (122)
Less: MRP Adjustment.......................................... (2) (39) (46) (53) (61)
--------- --------- --------- ---------
Pro-forma Net Worth........................................... $ 1,668 $ 1,817 $ 1,966 $ 2,142
Pro-forma Tangible Net Worth
Pro-forma Net Worth........................................... $ 1,668 $ 1,817 $ 1,966 $ 2,142
Less: Intangible.............................................. (5) $ 0 $ 0 $ 0 $ 0
--------- --------- --------- ---------
Pro-forma Tangible Net Worth.................................. $ 1,668 $ 1,817 $ 1,966 $ 2,142
Pro-forma Assets
Total Assets at March 31, 1997................................ $ 11,326 $ 11,326 $ 11,326 $ 11,326
Net Conversion Proceeds....................................... $ 830 $ 1,000 $ 1,170 $ 1,370
PROFORMA EFFECT OF CONVERSION PROCEEDS
AS OF MARCH 31, 1997
(DOLLARS IN THOUSANDS)
----------------------------------------------
MINIMUM MIDPOINT MAXIMUM SUPERMAX
----------- --------- ----------- -----------
Plus: MHC Adjustment.......................................... (7) 0 0 0 0
Less: ESOP Adjustment......................................... (1) (78) (92) (106) (122)
Less: MRP Adjustment.......................................... (2) (39) (46) (53) (61)
--------- --------- --------- ---------
Pro-forma Assets Excluding Adjustment......................... 12,039 12,188 12,337 12,513
Plus: Adjustment.............................................. (6) 0 0 0 0
--------- --------- --------- ---------
Pro-forma Total Assets........................................ $ 12,039 $ 12,188 $ 12,337 $ 12,513
Stockholder's Equity Per Share
Net Worth at March 31, 1997................................... $ 9.74 $ 8.30 $ 7.23 $ 6.28
Estimated Net Proceeds........................................ $ 8.47 $ 8.70 $ 8.86 $ 9.01
Plus: MHC Adjustment.......................................... $ 0.00 $ 0.00 $ 0.00 $ 0.00
Less: ESOP Stock.............................................. ($0.80) ($0.80) ($0.80) ($0.80)
Less: MRP Stock............................................... ($0.40) ($0.40) ($0.40) ($0.40)
Pro-forma Net Worth Per Share................................. $ 17.01 $ 15.80 $ 14.89 $ 14.09
Less: Intangible.............................................. $ 0.00 $ 0.00 $ 0.00 $ 0.00
Pro-forma Tangible Net Worth Per Share........................ $ 17.01 $ 15.80 $ 14.89 $ 14.09
Net Earnings Per Share
Historical Earnings Per Share................................. (8) ($0.40) ($0.34) ($0.30) ($0.26)
Incremental return Per Share.................................. (8) $ 0.30 $ 0.31 $ 0.31 $ 0.32
ESOP Adjustment Per Share..................................... (8) ($0.03) ($0.04) ($0.03) ($0.04)
MRP Adjustment Per Share...................................... (8) ($0.06) ($0.06) ($0.06) ($0.06)
Normalizing Adjustment Per Share.............................. $ 0.00 $ 0.00 $ 0.00 $ 0.00
Proforma Earnings Per Share................................... (8) ($0.19) ($0.13) ($0.08) ($0.04)
Shares Utilized
Shares Utilized............................................... 90 106 121 140
Pro-forma Ratios
Price/EPS without Adjustment.................................. -52.63 -76.92 -125.00 -250.00
Price/EPS with Adjustment..................................... -52.63 -76.92 -125.00 -250.00
Price/Book Value per Share.................................... 58.79% 63.29% 67.16% 70.97%
Price/Tangible Book Value..................................... 58.79% 63.29% 67.16% 70.97%
Market Value/Assets........................................... 8.14% 9.44% 10.70% 12.15%
- ------------------------
(1) ESOP Borrowings are deducted from net worth and assets, and amortized over
15 years.
(2) MRP Borrowings are omitted from net worth and assets, and amortized over 5
years.
(3) Consists of ESOP and MRP amortization.
(4),(5) Not applicable
(6) Not applicable
(7) ESOP and MRP are amortized over 15 and 5 years respectively, and tax
impacted at 37%.
(8) All EPS computations are done in accordance with SOP 93-6.
4
Exhibit 8 Full Offering-March 31, 1997
Total Shares Offered............................. 98 115 132 152
Price Per Share.................................. 10 10 10 10
------ ------- ------ ------
Gross Proceeds................................... 980 1,150 1,320 1,520
Estimated Insider Purchases...................... 250 250 250 250
ESOP Purchases................................... -78 -92 -106 -122
------ ------- ------ ------
Proceeds to Base Fee On.......................... 1,152 1,308 1,464 1,648
Underwriters Percentage.......................... 0.00% 0.00% 0.00% 0.00%
------ ------- ------ ------
Underwriters Fee................................. 0 0 0 0
Advisory Fee..................................... 0 0 0 0
------ ------- ------ ------
Total Underwriters Fee........................... 0 0 0 0
All Other Expenses............................... 150 150 150 150
------ ------- ------ ------
Total Expense.................................... 150 150 150 150
Shares Outstanding............................... 98 115 132 152
Less: New ESOP Adjustment........................ 8 9 11 12
Less: Old ESOP Adjustment........................ (1) 0 0 0 0
Plus: New SOP 93-6 ESOP Shares................... (2) 0 0 0 0
Plus: Old SOP 93-6 ESOP Shares................... (2) 0 0 0 0
Shares for all EPS Calculations.................. 90 106 121 140
0
0
0
0
Dilution of Stock Options........................ 10.85%
Dilution of MRP.................................. 4.34%
Options Dilution
Shares utilized for Equity....................... 108 127 145 167
New Net Worth.................................... $ 1,668 $ 1,817 $ 1,967 $ 2,143
New Tangible Net Worth........................... $ 1,668 $ 1,817 $ 1,967 $ 2,143
New Net Worth Per Share.......................... 15.48 14.37 13.54 12.81
New Tangible Net Worth Per Share................. 15.48 14.37 13.54 12.81
MRP Dilution
Shares utilized for Equity....................... 102 120 137 158
New Net Worth.................................... $ 1,668 $ 1,817 $ 1,966 $ 2,142
New Tangible Net Worth........................... $ 1,668 $ 1,817 $ 1,966 $ 2,142
New Net Worth Per Share.......................... 16.37 15.19 14.32 13.55
New Tangible Net Worth Per Share................. 16.37 15.19 14.32 13.55
Page 5
LANDMARK COMMUNITY BANK
PRO-FORMA ANALYSIS SHEET--TWELVE MONTHS ENDED
MARCH 31, 1997
INCLUDES SOP 93-6
Name of Association: Landmark Community Bank
Date of Letter to Association: 6/19/97
Date of Market Prices: 6/10/97
RECENT
STANDARD
COMPARABLE ALL PUBLICLY CONVERSION
COMPANIES STATE THRIFTS TRADED THRIFTS THRIFTS
LANDMARK -------------- -------------- -------------- -------------
SYMBOLS VALUE MEAN MEDIAN MEAN MEDIAN MEAN MEDIAN MEAN MEDIAN
------- -------- ------ ------ ------ ------ ------ ------ ----- ------
Price-Earnings Ratio.................... P/E
Last Twelve Months...................... N/A
At Minimum of Range..................... 71.43
At Midpoint of Range.................... 66.67 45.79 36.23 33.25 21.88 28.57 21.95 21.10 17.20
At Maximum of Range..................... 62.50
At SuperMaximum of Range................ 58.82
Price-Book Ratio........................ P/B
Last Twelve Months...................... N/A
At Minimum of Range..................... 58.79%
At Midpoint of Range.................... 63.29% 101.38% 99.34% 137.59% 125.88% 136.67% 126.08% 71.20% 72.00%
At Maximum of Range..................... 67.16%
At SuperMaximum of Range................ 70.97%
Price-Tangible Book Ratio............... P/TB
Last Twelve Months...................... N/A
At Minimum of Range..................... 58.79%
At Midpoint of Range.................... 63.29% 102.07% 102.30% 151.19% 136.85% 142.07% 128.98% 71.20% 71.90%
At Maximum of Range..................... 67.16%
At SuperMaximum of Range................ 70.97%
Price-Assets Ratio...................... P/A
Last Twelve Months...................... N/A
At Minimum of Range..................... 8.14%
At Midpoint of Range.................... 9.44% 19.14% 18.64% 15.21% 13.40% 15.76% 14.01% 16.40% 15.40%
At Maximum of Range..................... 10.70%
At SuperMaximum of Range................ 12.15%
Page 3
Valuation Parameters
Prior Twelve Mos. Earning Base.......... Y
Period Ended March 31, 1997........... $ (36)(1)
Pre-Conversion Book Value............... B
As of March 31, 1997.................. $ 955
Pre-Conversion Assets................... A
As of March 31, 1997.................. $11,326
Return on Money......................... R 3.79% (2)
Conversion Expenses..................... $ 150 300
X 13.04% (3)
Proceeds Not Invested................... $ 138 (4)
Estimated ESOP Borrowings............... $ 92
ESOP Purchases.......................... E 8.00% (5)
Cost of ESOP Borrowings................. $ 6 (5)
Cost of ESOP Borrowings................. S 0.00% (5)
Amort of ESOP Borrowings................ T 15 Years
Amort of MRP Amount..................... N 5 Years
Estimated MRP Amount.................... $ 46 (6)
MRP Purchases........................... M 4.00%
MRP Expense............................. $ 9
Foundation Amount....................... $ --
Foundation Amount....................... F 0.00%
Tax Rate................................ TAX 37.00%
Percentage Sold......................... PCT 100.00%
Tax Benefit............................. Z $ 0
Earnings Multiplier..................... 1.00
(1) Net income for the twelve months ended March 31, 1997
(2) Net Return assumes a reinvestment rate of 6.02 percent (the 1 year Treasury
at March 31, 1997), and a tax rate of 37%.
(3) Conversion expenses reflect estimated expenses as presented in the offering
document.
(4) Includes Stock from ESOP and MRP.
(5) Assumes ESOP is amortized straight line over fifteen years.
(6) Assumes MRP is amortized straight line over five years.
PRO FORMA CALCULATION
Calculation of Estimated Value (V) at Midpoint Value
P/E*Y
3. V= ------------------------------------------------- = $1,150,000
1-P/E*PCT*((1-X-E-M-F)*R-(1-TAX)*E/T-(1-TAX)*M/N)
P/B*(B+Z)
2. V= --------------------- = $1,150,000
1-P/B*PCT*(1-X-E-M-F)
P/A*A
1. V= ----------------------- = $1,150,000
1-P/A*PCT*(1-X-E-M-F)
FULL
TOTAL PRICE PER CONVERSION
CONCLUSION SHARES SHARE VALUE
- ------------------------------------------------------------------ ----------- ------------- -------------
Appraised Value--Midpoint......................................... 115 $ 10 $ 1,150
Appraised Value--Minimum.......................................... 98 $ 10 $ 980
Appraised Value--Maximum.......................................... 132 $ 10 $ 1,320
Appraised Value--SuperMaximum *................................... 152 $ 10 $ 1,520
EXCHANGE CONVERSION
--------------------- ------------------------
CONCLUSION SHARES PERCENT SHARES PERCENT
- ------------------------------------------------------------------ ----------- ----------- ----------- -----------
Appraised Value--Midpoint......................................... 0 0.00% 115 100.00%
Appraised Value--Minimum.......................................... 0 0.00% 98 100.00%
Appraised Value--Maximum.......................................... 0 0.00% 132 100.00%
Appraised Value--SuperMaximum *................................... 0 0.00% 152 100.00%
GROSS EXCHANGE EXCHANGE
CONCLUSION PROCEEDS VALUE RATIO
- ------------------------------------------------------------------ ----------- --------------- -----------
Appraised Value--Midpoint......................................... $ 1,150 $ 0 #DIV/0!
Appraised Value--Minimum.......................................... $ 980 $ 0 #DIV/0!
Appraised Value--Maximum.......................................... $ 1,320 $ 0 #DIV/0!
Appraised Value--SuperMaximum *................................... $ 1,520 $ 0 #DIV/0!
* SuperMaximum is an overallotment option that is 15% above the maximum
amount.
4
PROFORMA EFFECT OF CONVERSION PROCEEDS
AS OF MARCH 31, 1997
(DOLLARS IN THOUSANDS)
----------------------------------------------------
MINIMUM MIDPOINT MAXIMUM SUPERMAX
----------- --------- ----------- -----------
Conversion Proceeds
Total Shares Offered.............................. 98 115 132 152
Conversion Shares Offered......................... 98 115 132 152
Price Per Share................................... $ 10 $ 10 $ 10 $ 10
Gross Proceeds.................................... $ 980 $ 1,150 $ 1,320 $ 1,520
Less: Est. Conversion Expenses.................... $ 150 $ 150 $ 150 $ 150
Net Proceeds...................................... $ 830 $ 1,000 $ 1,170 $ 1,370
Estimated Income from Proceeds
Net Conversion Proceeds........................... $ 830 $ 1,000 $ 1,170 $ 1,370
Less: ESOP Adjustment............................. (3) $ 78 $ 92 $ 106 $ 122
Less: MRP Adjustment.............................. (3) $ 39 $ 46 $ 53 $ 61
Net Proceeds Reinvested........................... $ 713 $ 862 $ 1,011 $ 1,187
Estimated Incremental Rate of Return.............. 3.79% 3.79% 3.79% 3.79%
Estimated Incremental Return...................... $ 27 $ 33 $ 38 $ 45
Less: Cost of ESOP................................ (4) $ 0 $ 0 $ 0 $ 0
Less: Amortization of ESOP........................ (7) $ 3 $ 4 $ 4 $ 5
Less: MRP Adjustment.............................. (7) $ 5 $ 6 $ 7 $ 8
Pro-forma Net Income.............................. $ 19 $ 23 $ 27 $ 32
Earnings Before Conversion........................ ($ 36) ($ 36) ($ 36) ($ 36)
Earnings Excluding Adjustment..................... ($ 17) ($ 13) ($ 9) ($ 4)
Earnings Adjustment............................... (6) $ 30 $ 30 $ 30 $ 30
Earnings After Conversion......................... $ 13 $ 17 $ 21 $ 26
PROFORMA EFFECT OF CONVERSION PROCEEDS
AS OF MARCH 31, 1997
(DOLLARS IN THOUSANDS)
----------------------------------------------------
MINIMUM MIDPOINT MAXIMUM SUPERMAX
----------- --------- ----------- -----------
Pro-forma Net Worth
Net Worth at March 31, 1997....................... $ 955 $ 955 $ 955 $ 955
Net Conversion Proceeds........................... 830 1,000 1,170 1,370
Plus: MHC Adjustment.............................. (7) 0 0 0 0
Less: ESOP Adjustment............................. (1) -78 -92 -106 -122
Less: MRP Adjustment.............................. (2) -39 -46 -53 -61
Pro-forma Net Worth............................... $ 1,668 $ 1,817 $ 1,966 $ 2,142
Pro-forma Tangible Net Worth
Pro-forma Net Worth............................... $ 1,668 $ 1,817 $ 1,966 $ 2,142
Less: Intangible.................................. (5) $ 0 $ 0 $ 0 $ 0
Pro-forma Tangible Net Worth...................... $ 1,668 $ 1,817 $ 1,966 $ 2,142
Pro-forma Assets
Total Assets at March 31, 1997.................... $ 11,326 $ 11,326 $ 11,326 $ 11,326
Net Conversion Proceeds........................... $ 830 $ 1,000 $ 1,170 $ 1,370
Plus: MHC Adjustment.............................. (7) 0 0 0 0
Less: ESOP Adjustment............................. (1) -78 -92 -106 -122
Less: MRP Adjustment.............................. (2) -39 -46 -53 -61
Pro-forma Assets Excluding Adjustment............. 12,039 12,188 12,337 12,513
Plus: Adjustment.................................. (6) 0 0 0 0
Pro-forma Total Assets............................ $ 12,039 $ 12,188 $ 12,337 $ 12,513
Stockholder's Equity Per Share
Net Worth at March 31, 1997....................... $ 9.74 $ 8.30 $ 7.23 $ 6.28
Estimated Net Proceeds............................ $ 8.47 $ 8.70 $ 8.86 $ 9.01
Plus: MHC Adjustment.............................. $ 0.00 $ 0.00 $ 0.00 $ 0.00
Less: ESOP Stock.................................. ($ 0.80) ($ 0.80) ($ 0.80) ($ 0.80)
Less: MRP Stock................................... ($ 0.40) ($ 0.40) ($ 0.40) ($ 0.40)
Pro-forma Net Worth Per Share..................... $ 17.01 $ 15.80 $ 14.89 $ 14.09
Less: Intangible.................................. $ 0.00 $ 0.00 $ 0.00 $ 0.00
Pro-forma Tangible Net Worth Per Share............ $ 17.01 $ 15.80 $ 14.89 $ 14.09
Net Earnings Per Share
Historical Earnings Per Share..................... (8) ($ 0.40) ($ 0.34) ($ 0.30) ($ 0.26)
Incremental return Per Share...................... (8) $ 0.30 $ 0.31 $ 0.31 $ 0.32
ESOP Adjustment Per Share......................... (8) ($ 0.03) ($ 0.04) ($ 0.03) ($ 0.04)
MRP Adjustment Per Share.......................... (8) ($ 0.06) ($ 0.06) ($ 0.06) ($ 0.06)
Normalizing Adjustment Per Share.................. $ 0.33 $ 0.28 $ 0.24 $ 0.21
Proforma Earnings Per Share....................... (8) $ 0.14 $ 0.15 $ 0.16 $ 0.17
Shares Utilized
Shares Utilized................................... 90 106 121 140
Pro-forma Ratios
Price/EPS without Adjustment...................... 71.43 66.67 62.50 58.82
Price/EPS with Adjustment......................... 71.43 66.67 62.50 58.82
Price/Book Value per Share........................ 58.79% 63.29% 67.16% 70.97%
Price/Tangible Book Value......................... 58.79% 63.29% 67.16% 70.97%
Market Value/Assets............................... 8.14% 9.44% 10.70% 12.15%
- ------------------------
(1) ESOP Borrowings are deducted from net worth and assets, and amortized over
15 years.
(2) MRP Borrowings are omitted from net worth and assets, and amortized over 5
years.
(3) Consists of ESOP and MRP amortization.
(4) ,(5) Not applicable
(6) Earnings were adjusted for one time SAIF assessment of $47 thousand tax
impacted 37%.
(7) ESOP and MRP are amortized over 15 and 5 years respectively, and tax
impacted at 37%.
(8) All EPS computations are done in accordance with SOP 93-6.
5
Total Shares Offered.............................. 98 115 132 152
Price Per Share................................... $ 10 $ 10 $ 10 $ 10
Gross Proceeds.................................... 980 1,150 1,320 1,520
Estimated Insider Purchases....................... -250 -250 -250 -250
ESOP Purchases.................................... -78 -92 -106 -122
Proceeds to Base Fee On........................... 652 808 964 1,148
Underwriters Percentage........................... 0.00% 0.00% 0.00% 0.00%
Underwriters Fee.................................. 0 0 0 0
Advisory Fee...................................... 0 0 0 0
Total Underwriters Fee............................ 0 0 0 0
All Other Expenses................................ 150 150 150 150
Total Expense..................................... 150 150 150 150
Shares Outstanding................................ 98 115 132 152
Less: New ESOP Adjustment......................... 8 9 11 12
Less: Old ESOP Adjustment......................... (1) 0 0 0 0
Plus: New SOP 93-6 ESOP Shares.................... (2) 0 0 0 0
Plus: Old SOP 93-6 ESOP Shares.................... (3) 0 0 0 0
Shares for all EPS Calculations................... 90 106 121 140
Dilution of Stock Options......................... 10.85%
Dilution of MRP................................... 4.34%
6
Exhibit 10
[Logo]
About the Firm
FinPro, Inc. was established in 1988 as a full service management consulting
firm specializing in providing advisory services to the Financial Institutions
Industry. FinPro is located in Liberty Corner, New Jersey. FinPro offers a
full array of products and services including:
-- Strategic and Business Planning
-- Bank Valuations and Franchise Value Enhancement
-- Corporate Finance Consulting
-- Bank Appraisals and Fairness Opinions
-- Deposit Studies and Valuations
-- Asset/Liability Management
-- Loan Review
-- Portfolio Due Diligence
-- Market Feasibility Studies
-- Branch Acquisition, Sales, Consolidation and Applications
-- Branch and Product Profitability and Restructuring
-- CRA Analysis
-- Geo Coding of Assets and Liabilities
-- Compliance Reviews
-- Mergers and Acquisitions
-- Earnings Improvement Studies
-- Operational and Systems Consulting
-- Financial Reporting
Since inception, FinPro has performed management advisory services for
Banks, Thrifts, Finance Companies and NonBank Banks along with work for the
Federal Bankruptcy Court, Federal Deposit Insurance Corporation, Office of
Thrift Supervision and the Resolution Trust Corporation. In addition, FinPro
is recognized as an expert in banking and in loan analysis by the Federal
Bankruptcy Court.
FinPro principals are frequent speakers and presenters at financial
institution trade association functions and designed the Statistical Report
Analysis currently produced quarterly by the New Jersey Savings League for
its members. FinPro also hosts a tri-annual President's Breakfast for
Presidents of New Jersey Community Banks.
To facilitate its analytical capabilities, FinPro maintains a library of
databases encompassing bank and thrift capital markets data, census data,
branch deposit data, national peer data, market research data and many other
topics. As such, FinPro can provide quick, current and precise analytical
assessments based on timely data. In addition, FinPro's geographic mapping
capabilities give it a unique capability to thematically illustrate multiple
issues and to provide targeted marketing opportunities to its clients.
FinPro has also designed and built PC-based software programs to utilize
as tools in its work. Examples include:
-- A proprietary software program (LaRS -Registered Trademark-) to
perform loan review analytics.
-- A duration based asset/liability model.
-- A five year strategic planning, three year business planning, and one
year budgetary model that completely simulates an entire institution.
-- A branch and product profitability model.
Using systems such as these, FinPro provides state-of-the-art end
products in all of its product and service areas.
2
FinPro Key Players
Donald J. Musso - Managing Director and President
Donald is the founder of FinPro and has been with FinPro since its
inception in late 1988. He has experience in all aspects of a
financial institution and considerable experience in strategic
planning, financial institution valuations, enhancing franchise
value, market differentiation, asset/liability management,
restructuring troubled institutions, and solving complex accounting
and financial problems.
Mr. Musso has been an expert witness in loan analytics for both the
Federal Bankruptcy Court, the Office of Thrift Supervision and the
United States Attorney's Office.
He is a frequent speaker on Financial Institution related topics and
has assisted trade groups in various activities.
Prior to establishing FinPro, Donald had direct industry experience
having managed the Corporate Planning and Mergers and Acquisitions
departments for Meritor Financial Group, a $20 billion institution
in Philadelphia. Before that, he had responsibility for the
banking, thrift and real estate consulting practice in the State of
New Jersey for Deloitte Haskins & Sells.
Donald has a B.S. in Finance from Villanova University and a M.B.A.
in Finance from Fairleigh Dickenson University.
Steven P. Musso - Managing Director
Steve joined FinPro in 1989. He has experience in loan reviews and
work-outs, branch profitability, market feasibility studies, CRA
analysis and strategic planning. Steve developed FinPro's CRA and
market feasibility products.
Steve runs all of the FinPro models and designed much of the
specifications for the LaRS -Registered Trademark- system.
Additionally, he is responsible for managing many strategic plans,
loan reviews and operational improvement engagements.
He is a licensed real estate agent in New Jersey and Pennsylvania.
Prior to joining FinPro, Steve practiced real estate in Pennsylvania.
Mr. Musso has a B.S. in Finance from Syracuse University.
3
Kenneth G. Emerson, CPA - Director
Ken joined FinPro in October 1996. He has eleven years of bank
accounting and financial information systems experience, most
recently with Summit Bancorp. Prior to that Ken worked for Valley
Savings Bank, Howard Savings Bank, and Carteret Mortgage Company.
Ken's responsibilities have included Regulatory Reporting, SEC
Reporting, Shareholder Reporting, Budgeting, Financial system
conversions, System interfaces, Asset/Liability management, FASB
implementation, and LAN management.
Mr. Emerson has a B.A. in Accounting from Franklin & Marshall College.
Dennis E. Gibney - Senior Financial Analyst
Dennis joined the firm in June of 1996. He received a B.S. from
Babson College with a triple-major in Finance, Investments and
Economics. Prior to joining the firm, Dennis received broad based
experience in the securities industry.
During school, Dennis worked for Merrill Lynch & Co. supporting their
Mortgage-Backed trading desk in New York as an Allocations
Specialist and for Sandler O'Neill & Partners, where he provided
sales and trade support.
Dennis is currently concentrating on the firm's Asset Liability
Management products.
4