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EXHIBIT (99)i.
INTEREST RATE/VOLUME ANALYSIS
QUARTER ENDED 3/31/96 VS. 3/31/95
Average balance Average Rate Interest Variance due to:
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Increase
Quarter ended 03/31/96 03/31/95 03/31/96 03/31/95 03/31/96 03/31/95 (Decrease) Volume Rate
- ----------------------------- ---------- -------- -------- --------- -------- -------- ---------- -------- ------
(Dollars in thousands) (Dollars in thousands)
Interest-earning assets:
Loans receivable $ 968,149 $ 807,293 8.08% 7.90% $19,550 $15,904 $3,646 $3,273 $ 373
Mortgage-backed securities 116,199 144,678 7.67% 7.46% 2,227 2,699 ( 472) ( 544) 72
Investments 87,065 96,732 7.08% 6.44% 1,532 1,536 ( 4) ( 146) 142
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1,171,414 1,048,703 7.96% 7.70% 23,309 20,139 3,170 2,583 587
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Interest-bearing liabilities:
Deposits 893,000 783,540 4.76% 4.11% 10,577 7,945 2,632 1,284 1,348
Borrowings
Securities sold w/repo 6,920 24,632 5.37% 6.01% 94 365 ( 271) ( 236) ( 35)
Notes payable 206,003 186,448 5.61% 6.17% 2,919 2,875 44 318 ( 274)
Other borrowed money 10,280 11,932 9.88% 9.99% 254 298 ( 44) ( 41) ( 3)
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Subtotal - Borrowings 223,203 223,012 5.80% 6.35% 3,267 3,538 ( 271) 42 ( 313)
Interest rate instruments n/a n/a 0.00% 0.52% 0 1,327 ( 1,327) 0 ( 1,327)
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1,116,204 1,006,552 4.97% 5.13% 13,844 12,810 1,034 1,325 ( 291)
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Interest rate spread 2.99% 2.58%
Excess average earning assets $ 55,210 $ 42,151
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Net interest margin 3.23% 2.78% $ 9,465 $ 7,329 $2,136 $1,258 $ 878
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Net interest margin w/o swaps 3.23% 3.28%
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