FFBS BANCORP, INC.
FINANCIAL DATA SCHEDULE
At or For Six At or For The
Months Ended Year Ended
Dec. 31, 1997 June 30, 1997
_____________ _____________
Cash $ 2,176,656 $ 3,347,511
Interest-bearing deposits due from banks 4,474,216 5,058,945
Federal funds sold 0 0
Trading account assets 0 0
Investments and mortgage-backed securities
held for sale 8,666,209 1,221,505
Investments and mortgage-backed securities
held to maturity - carrying value 21,642,300 24,860,516
Investments and mortgage-backed securities
held to maturity - market value 21,653,894 24,793,540
Loans 98,022,811 93,336,267
Allowance for losses 548,000 576,000
Total assets 138,355,661 130,762,301
Deposits 107,812,086 103,798,255
Short-term borrowings 5,220,000 0
Long-term borrowings 1,350,000 0
Other liabilities 1,573,086 1,822,458
Preferred stock - mandatory redemption 0 0
Preferred stock - no mandatory redemption 0 0
Common stock 15,746 15,656
Other stockholders' equity 22,384,743 25,125,932
Net yield - interest-earning assets -
actual 3.71% 3.93%
Loans on nonaccrual 0 0
Accruing loans past due 90 days or more 583,000 446,000
Troubled debt restructuring 156,000 39,000
Potential problem loans 0 0
Allowance for loan loss - beginning of
period 576,000 666,000
Provision for loan losses 5,000 0
Total charge-offs 34,000 97,000
Total recoveries 1,000 7,000
Allowance for loan loss - end of period 548,000 576,000
Loan loss allowance allocated to domestic
loans 548,000 576,000
Loan loss allowance allocated to foreign
loans 0 0
Loan loss allowance - unallocated 0 0
Allowance for Loan Losses
The allowance for loan losses is established through a provision for loan
losses based on management's periodic evaluation of the adequacy of the
allowance for loan losses. Such evaluation, which includes a review of
all loans on which full collectibility may not be reasonably assured,
considers, among other matters, known and inherent risks in the portfolio,
prevailing market conditions, management's judgement as to collectibility,
the estimated net realizable value of the underlying collateral,
historical loan loss experience and other factors that warrant recognition
in providing for an adequate loan loss allowance.
(In Thousands)
For the Six For the
Months Ended Year Ended
Dec. 31 June 30
1997 1997
____________ ___________
Balance at beginning of period $ 576 $ 666
Provision for loan losses 5 0
Charge-offs:
Mortgage loans 0 0
Other loans 34 97
Recoveries:
Mortgage loans 0 0
Other loans 1 7
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Balance at end of period $ 548 $ 576
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Ratio of net charge-offs during the
period to average loans outstanding (Annualized)
during the period 0.034% 0.11%
Ratio of allowance for loan losses
to non-performing loans at end of
period 94.00% 129.15%
Ratio of allowance for loan losses
to net loans receivable at the end
of the period 0.56% 0.62%
Ratio of allowance for loan losses
and foreclosed real estate to total
non-performing assets at end of the
period 78.29% 129.15%