1
COMMUNITY SAVINGS
BANK, INC.
APPRAISAL
UPDATE
Date Issued: October 7, 1998
Date of Market Prices: October 5, 1998
2
October 7, 1998
Board of Directors
Community Savings Bankshares, Inc.
660 U.S. Highway 1
North Palm Beach, Florida 33408
Dear Board Members:
This report represents FinPro, Inc.'s ("FinPro") updated independent appraisal
of the estimated pro forma market value of the common stock ( the "Common
Stock") in connection with the conversion and reorganization of Community
Savings, F.A. (the "Bank") from the two-tier mutual holding company structure to
the stock holding company structure (the "Conversion"). The Bank is currently a
wholly owned subsidiary of Community Savings Bankshares, Inc., a federal
corporation (the "Mid-Tier"), which is the wholly owned subsidiary of ComFed,
M.H.C. (the "MHC"), both of which will be merged out of existence, and the Bank
will become a wholly owned subsidiary of the Company.
This appraisal update is furnished pursuant to market pricing as of October 5,
1998. FinPro's original appraisal report dated August 21, 1998 included the
Bank's results for the six month period ended June 30, 1998 and for the year
ended December 31, 1997 and market pricing as of August 13, 1998. FinPro's
original appraisal report is incorporated herein by reference.
The appraisal is being updated for the following reasons:
- To obtain pricing that is consistent with that of other second step
reorganizations in process.
- All of the indexes have declined since the original appraisal, ranging
in their decrease from -8.03% to -34.87%.
- Median second step pricing over the same period has declined by 6.06%.
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 1
3
- Recent second step subscriptions have been lackluster indicating a
lack of interest in second steps and the last second step to solicit,
Pulaski Bank, FSB ("PULB"), has had to resolicit and drop the
appraisal range.
- The original appraisal multiples are high relative to other current
offerings in the market.
- All ten comparables have declined in price, with a median price
decline of 16.86%.
- The last eight second steps are trading below their IPO price and the
two just before that are close to trading at par.
In compiling the pro formas, FinPro relied upon the assumptions provided by the
Bank and its agents. The pro forma assumptions at the midpoint are as follows:
- The Bank will issue 5,730,659 shares to the public at $10 per share;
- The Bank will exchange existing minority shares at an exchange ratio
of 2.1416 or would exchange 5,319,341 shares of new stock;
- The minority ownership is diluted from 48.66% to 48.14% as a result of
the $883 thousand of excess waived dividends;
- The conversion expenses will be $1.456 million;
- There will be an 8% ESOP funded internally amortized over 15 years
straight-line;
- There will be a 4% MRP amortized over 5 years straight-line;
- A tax rate of 37.65%; and
- The rate of return on the investable proceeds is the one year treasury
as of June 30, 1998 of 5.41%, tax adjusted to 3.37%.
In preparing this appraisal update, FinPro reviewed its original appraisal, the
Bank's prospectus and the Bank's financial reports as of June 30, 1998 in light
of recent developments in stock market conditions. FinPro reviewed other sources
of public information that FinPro believes are reliable; however, FinPro cannot
guarantee the accuracy and completeness of such information.
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 2
4
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 OTS
which have been adopted in practice by the FDIC, including the most recent
revisions as of October 21, 1994, and applicable regulatory interpretations
thereof.
FinPro's appraisal update is based upon the Bank's representation that the
information contained in its prospectus and additional information furnished to
us by same is truthful, accurate, and complete. FinPro did not independently
verify the financial statements, and other information provided by the Bank, nor
did FinPro independently value any of the Bank's assets or liabilities. This
appraisal update considers the Bank only as a going concern and should not be
considered as an indication of its liquidation value.
FINPRO'S VALUATION IS NOT INTENDED, AND MUST NOT BE CONSTRUED, AS A
RECOMMENDATION OF ANY KIND AS TO 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 ESTIMATE OF THE BANK'S PRO FORMA
MARKET VALUE. FINPRO, INC. IS NOT A SELLER OF SECURITIES WITHIN THE MEANING OF
ANY FEDERAL OR STATE SECURITIES LAWS, AND ANY REPORT PREPARED BY FINPRO, INC.
SHALL NOT BE USED AS AN OFFER OR SOLICITATION WITH RESPECT TO THE PURCHASE OR
SALE OF ANY SECURITIES.
FinPro's opinion is based upon circumstances as of the date hereof, including
current conditions in the United States securities markets. Events occurring
after the date hereof, including, but not limited to, changes affecting the
United States securities markets and subsequent results of operations of the
Bank could materially affect the assumptions used in preparing this opinion.
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 3
5
- --------------------------------------
UPDATED COMPARABLE GROUP FINANCIAL
COMPARISONS
- --------------------------------------
The following figure presents the financial ratios for the Bank and the
Comparable Group.
FIGURE 1 - KEY FINANCIAL INDICATORS
THE BANK AT COMPARABLE GROUP COMPARABLE GROUP
6/30/98 MEDIAN MRQ AS OF MEDIAN MRQ AS OF
8/13/98 10/05/98
BALANCE SHEET DATA
Gross Loans to Deposits 92.30% 105.26% 105.26%
Net Loans to Assets 68.89% 67.48% 68.87%
Deposits to Assets 75.03% 68.79% 70.53%
Borrowings to Assets 11.95% 19.20% 17.56%
BALANCE SHEET GROWTH
Asset Growth Rate 12.60% 12.92% 13.61%
Loan Growth Rate 33.50% 8.86% 8.86%
Deposit Growth Rate 8.60% 5.95% 5.95%
CAPITAL
Equity to Assets 10.85% 9.33% 9.33%
Tangible Equity to Assets 9.63% 8.91% 8.91%
Intangible Assets to Equity 0.00% 0.00% 0.00%
Regulatory Core Capital to Assets 9.63% 8.41% 8.41%
Equity plus Reserves to Assets 11.21% 10.39% 10.39%
Total Capital to Risk Adjusted Assets 17.29% 15.69% 15.69%
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 4
6
THE BANK AT COMPARABLE GROUP COMPARABLE GROUP
6/30/98 MEDIAN MRQ AS OF MEDIAN MRQ AS OF
8/13/98 10/05/98
ASSET QUALITY
Non-Performing Loans to Loans 0.26% 0.36% 0.43%
Reserves to Non-Performing Loans 202.56% 345.97% 338.64%
Non-Performing Assets to Assets 0.27% 0.34% 0.40%
Non-Performing Assets to Equity 2.50% 3.64% 3.68%
Reserves to Loans 0.52% 0.95% 0.95%
Reserves to Non-Performing Assets + 90 133.22% 294.82% 244.32%
Days Del.
PROFITABILITY
Return on Average Assets 0.67% 0.95% 0.95%
Return on Average Equity 6.10% 9.24% 9.24%
INCOME STATEMENT
Net Interest Margin 3.47% 3.32% 3.32%
Interest Income to Average Assets 7.17% 7.24% 7.24%
Interest Expense to Average Assets 3.92% 4.19% 4.19%
Net Interest Income to Average Assets 3.25% 3.14% 3.14%
Noninterest Income to Average Assets 0.94% 0.43% 0.43%
Noninterest Expense to Average Assets 2.63% 2.06% 2.06%
Efficiency Ratio 70.69% 58.86% 58.86%
Overhead Ratio 52.04% 50.71% 50.71%
Source: Offering Prospectus and SNL Securities
Note: The Bank's June 30, 1998 ratios are six month figures, annualized.
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 5
7
On a comparable basis using June 30, 1998 data for the Bank and the most recent
quarter for the Comparable Group, the Bank had a similar loan to assets ratio,
68.89%, and a higher deposits to assets ratio, 75.03%, when compared to the
Comparable Group's medians of 68.87% and 70.53%, respectively. The lower loan to
deposit ratio of the Bank is consistent with the funding mix differences between
the Bank and the Comparable Group, with the Bank having a median borrowing to
asset ratio of 11.95% as compared to the Comparable median value of 17.56%.
In terms of growth, the Bank's assets, loans and deposits increased 12.60%,
33.50% and 8.60%, respectively, while the October 5, 1998 median growth rates of
the Comparable Group were 13.61%, 8.86% and 5.95%, respectively.
The Bank had an equity to asset ratio of 10.85% while the Comparable Group had a
median equity to asset ratio of 9.33%.
Based on the similarities of the equity ratios, balance sheet ratios and the
minimal shifts in the Comparable Group's medians, no adjustment is still
warranted for Balance Sheet Strength.
The Bank's lower level of nonperforming loans as a percent of loans, 0.26%, and
lower level of reserves as a percent of loans, 0.52%, continue to warrant a
slight downward adjustment when compared to the Comparable Group medians of
0.43% and 0.95%, respectively.
The Bank's ROAA, ROAE and efficiency ratio for the six months ended June 30,
1998 were 0.67%, 6.10% and 70.69%, respectively, while the Comparable Group's
ratios were 0.95%, 9.24% and 58.86%, respectively. Due to these ratios, a slight
downward adjustment is still warranted for earnings.
No changes have occurred in the Comparable Group's or the Bank's market area,
management or dividends. Therefore, no changes are warranted for the market
area, management and dividends adjustments.
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 6
8
- ----------------------------
THRIFT EQUITY MARKET
- ----------------------------
This section presents an analysis of the change in the equities market between
August 13, 1998 and October 5, 1998. SINCE AUGUST 13, 1998, (THE DATE OF THE
MARKET PRICES IN FINPRO'S ORIGINAL APPRAISAL), ALL OF THE BANKING RELATED
INDEXES HAVE DECREASED. The market for thrift stocks, as measured by the SNL
thrift index, has declined 18.37%. The index changes were as follows:
FIGURE 2 - PERIOD INDEX CHANGE
INDEX 8/13/98 10/5/98 $ CHANGE % CHANGE
SNL Index 724.6 591.5 (133.09) -18.37%
S&P 500 1,074.9 988.6 (86.35) -8.03%
Dow Jones Industrial Average 8,459.5 7,726.2 (733.26) -8.67%
All Fully Converted Thrifts Median Price to LTM Core EPS 18.6 15.4 (3.21) -17.23%
All MHC's Median Price to LTM Core EPS 33.2 25.2 (7.97) -24.03%
State Fully Converted Thrifts Median Price to LTM Core EPS 42.7 34.9 (7.76) -18.18%
State MHC's Price to LTM Core EPS 30.6 22.4 (8.12) -26.55%
Comparables Median Price to LTM Core EPS 18.2 15.4 (2.82) -15.48%
All Fully Converted Thrifts Median Price to Book 130.2 111.1 (19.15) -14.70%
All MHC's Median Price to Book 190.7 153.9 (36.82) -19.31%
State Fully Converted Thrifts Median Price to Book 152.9 99.6 (53.33) -34.87%
State MHC's Median Price to Book 193.2 142.7 (50.55) -26.16%
Comparables Median Price to Book 155.3 134.5 (20.83) -13.41%
All Fully Converted Thrifts Median Price to Tangible Book 134.1 118.3 (15.80) -11.78%
All MHC's Median Price to Tangible Book 201.7 156.3 (45.35) -22.49%
State Fully Converted Thrifts Median Price to Tangible Book 159.1 110.7 (48.40) -30.42%
State MHC's Median Price to Tangible Book 190.7 145.2 (45.48) -23.85%
Comparables Median Price to Tangible Book 157.4 134.5 (22.97) -14.59%
All Fully Converted Thrifts Median Price to Assets 16.5 14.4 (2.07) -12.55%
All MHC's Median Price to Assets 22.1 17.6 (4.56) -20.61%
State Fully Converted Thrifts Median Price to Assets 11.8 9.0 (2.85) -24.02%
State MHC's Median Price to Assets 16.6 11.6 (4.98) -30.04%
Comparables Median Price to Assets 15.6 13.0 (2.63) -16.81%
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 7
9
The change in the market for all Florida stocks in general would indicate that
there should be a downward adjustment made to the estimated value range.
The average Florida fully converted thrift stock price has declined 32.50% since
August 13, 1998, while the average Florida MHC thrift stock price has declined
26.09% since August 13, 1998.
FIGURE 3 - FLORIDA PRICE CHANGE
10/5/98 10/5/98 8/13/98
Market Stock Stock Dollar Percentage
Value Price Price Change Change
Ticker Short Name ($M) ($) ($)
- ----------------------------------------------------------------------------------------------
FLORIDA FULLY CONVERTED
BANC BankAtlantic Bancorp Inc. 204.37 6.50 11.25 (4.75) -42.22%
BKUNA BankUnited Financial Corp. 161.19 9.06 11.19 (2.13) -18.99%
FDTR Federal Trust Corp. 13.59 2.75 3.63 (0.88) -24.14%
FFPB First Palm Beach Bancorp Inc. 160.16 31.13 39.75 (8.63) -21.70%
HARB Harbor Florida Bancshares Inc. 295.87 9.63 12.13 (2.50) -20.62%
OCN Ocwen Financial Corp. 372.23 6.13 18.75 (12.63) -67.33%
State Average 201.24 10.86 16.11 (5.25) -32.50%
State Median 182.78 7.78 11.69 (3.63) -22.92%
10/5/98 10/5/98 8/13/98
Market Stock Stock Dollar Percentage
Value Price Price Change Change
Ticker Short Name ($M) ($) ($)
- ----------------------------------------------------------------------------------------------
FLORIDA MHC'S
CMSV Community Savings Bnkshrs(MHC) 96.90 19.00 31.50 (12.50) -39.68%
FFFL Fidelity Bankshares Inc. (MHC) 154.76 22.75 26.00 (3.25) -12.50%
State MHC's Average 125.83 20.88 28.75 (7.88) -26.09%
State MHC's Median 125.83 20.88 28.75 (7.88) -26.09%
Source: SNL Securities and FinPro Calculations
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 8
10
All ten of the Comparable Group members experienced a decline in price ranging
from 2.17)% to 59.38)%. The Median price decline is 16.86)%.
FIGURE 4 - COMPARABLE PRICE CHANGE
10/5/98 10/5/98 8/13/98
Market Stock Stock Dollar Percentage
Value Price Price Change Change
Ticker Short Name ($M) ($) ($)
- ------------------------------------------------------------------------------------------
COMPARABLE GROUP
ANDB Andover Bancorp Inc. 183.89 28.38 34.50 (6.13) -17.75%
EBSI Eagle Bancshares 104.58 18.00 22.50 (4.50) -20.00%
FAB FIRSTFED AMERICA BANCORP IN 102.16 13.00 16.88 (3.88) -22.96%
FNGB First Northern Capital Corp. 93.02 10.50 12.75 (2.25) -17.65%
FWWB First Washington Bancorp Inc. 262.05 22.50 23.00 (0.50) -2.17%
KFBI Klamath First Bancorp 163.63 16.50 17.00 (0.50) -2.94%
MDBK Medford Bancorp Inc. 144.78 16.25 40.00 (23.75) -59.38%
MECH MECH Financial Inc. 124.44 23.50 28.00 (4.50) -16.07%
WSTR WesterFed Financial Corp. 108.98 19.50 21.50 (2.00) -9.30%
YFED York Financial Corp. 159.18 17.75 18.88 (1.13) -5.96%
Comparable Average 144.67 18.59 23.50 (4.91) -17.42%
Comparable Median 134.61 17.88 22.00 (3.06) -16.86%
Source: SNL Securities and FinPro Calculations
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 9
11
As the following table indicates, the change in median Florida fully converted
thrift's price to LTM earnings per share and median price to tangible book value
were -31.97% and -23.98%, respectively.
FIGURE 5 - STATE MULTIPLE CHANGES
10/5/98 8/13/98 10/5/98 8/13/98
10/5/98 8/13/98 Percentage Book Book Percentage Tangible Tangible
LTM EPS LTM EPS Change Value Value Change Bk Value Bk Value
Ticker Short Name (x) (x) (x) (%) (%) (%) (%) (%)
- -------------------------------------------------------------------------------------------------------------------------------
FLORIDA FULLY CONVERTED
BANC BankAtlantic Bancorp Inc. 9.70 16.79 -42.23% 93.39 161.64 -42.22% 120.82 209.11
BKUNA BankUnited Financial Corp. 19.28 21.11 -8.67% 88.08 118.64 -25.76% 105.38 136.77
FDTR Federal Trust Corp. NA NA NA 105.77 141.05 -25.01% 105.77 141.05
FFPB First Palm Beach Bancorp Inc. 19.95 25.48 -21.70% 132.33 169.01 -21.70% 135.09 172.53
HARB Harbor Florida Bancshares Inc. NA NA NA 114.45 144.17 -20.61% 115.69 145.73
OCN Ocwen Financial Corp. 13.32 40.76 -67.32% 87.13 266.71 -67.33% 95.26 291.60
State Average 15.56 26.04 -34.98% 103.53 166.87 -33.77% 113.00 182.80
State Median 16.30 23.30 -31.97% 99.58 152.91 -25.39% 110.73 159.13
Percentage 10/5/98 8/13/98 Percentage
Change Assets Assets Change
Ticker Short Name (%) (%) (%) (%)
- ------------------------------------------------------------------------------------------
FLORIDA FULLY CONVERTED
BANC BankAtlantic Bancorp Inc. -42.22% 6.35 10.98 -42.17%
BKUNA BankUnited Financial Corp. -22.95% 4.50 5.20 -13.46%
FDTR Federal Trust Corp. -25.01% 8.94 12.12 -26.24%
FFPB First Palm Beach Bancorp Inc. -21.70% 9.06 11.57 -21.69%
HARB Harbor Florida Bancshares Inc. -20.61% 22.44 28.26 -20.59%
OCN Ocwen Financial Corp. -67.33% 10.62 32.51 -67.33%
State Average -33.31% 10.32 16.77 -31.91%
State Median -23.98% 9.00 11.85 -23.97%
Source SNL Securities and FinPro Calculations
The Comparable Group's median price to LTM earnings per share decrease was
16.85%, and the median price to tangible book value decrease was 16.86%.
FIGURE 6 - COMPARABLE MULTIPLE CHANGES
Price Multiple Changes
10/5/98 8/13/98 10/5/98 8/13/98
10/5/98 8/13/98 Percentage Book Book Percentage Tangible Tangible
LTM EPS LTM EPS Change Value Value Change Bk Value Bk Value
Ticker Short Name (x) (x) (x) (%) (%) (%) (%) (%)
- -------------------------------------------------------------------------------------------------------------------------------
COMPARABLE GROUP
ANDB Andover Bancorp Inc. 12.07 14.68 -17.78% 161.13 195.91 -17.75% 161.13 195.91
EBSI Eagle Bancshares 12.24 18.29 -33.08% 134.73 172.68 -21.98% 134.73 172.68
FAB FIRSTFED AMERICA BANCORP INC 15.12 19.62 -22.94% 82.49 107.07 -22.96% 82.49 107.07
FNGB First Northern Capital Corp. 14.58 17.71 -17.67% 123.67 150.18 -17.65% 123.67 150.18
FWWB First Washington Bancorp Inc. 17.72 18.40 -3.70% 137.61 155.62 -11.57% 166.54 167.88
KFBI Klamath First Bancorp 17.74 18.28 -2.95% 103.00 106.12 -2.94% 112.47 115.88
MDBK Medford Bancorp Inc. 12.90 15.94 -19.07% 142.67 175.59 -18.75% 150.32 185.01
MECH MECH Financial Inc. 14.51 17.28 -16.03% 134.21 159.91 -16.07% 134.21 159.91
WSTR WesterFed Financial Corp. 15.12 16.67 -9.30% 99.29 109.47 -9.30% 121.80 134.29
YFED York Financial Corp. 16.75 17.81 -5.95% 145.73 154.97 -5.96% 145.73 154.97
Comparable Average 14.88 17.47 -14.85% 126.45 148.75 -14.49% 133.31 154.38
Comparable Median 14.85 17.76 -16.85% 134.47 155.30 -16.86% 134.47 157.44
Percentage 10/5/98 8/13/98 Percentage
Change Assets Assets Change
Ticker Short Name (%) (%) (%) (%)
- ----------------------------------------------------------------------------------------
COMPARABLE GROUP
ANDB Andover Bancorp Inc. -17.75% 13.21 16.06 -17.75%
EBSI Eagle Bancshares -21.98% 9.33 11.23 -16.92%
FAB FIRSTFED AMERICA BANCORP INC -22.96% 8.17 10.61 -23.00%
FNGB First Northern Capital Corp. -17.65% 13.47 16.36 -17.67%
FWWB First Washington Bancorp Inc. -0.80% 19.32 21.82 -11.46%
KFBI Klamath First Bancorp -2.94% 16.22 16.71 -2.93%
MDBK Medford Bancorp Inc. -18.75% 12.75 15.70 -18.79%
MECH MECH Financial Inc. -16.07% 13.03 15.53 -16.10%
WSTR WesterFed Financial Corp. -9.30% 10.66 11.75 -9.28%
YFED York Financial Corp. -5.96% 12.95 13.77 -5.95%
Comparable Average 13.42% 12.91 14.95 -13.98%
Comparable Median 16.86% 12.99 15.62 -16.51%
Source: SNL Securities and FinPro Calculations
The overall decline in market prices and multiples, in a two month period,
indicate the need to adjust the valuation range.
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 10
12
- ------------------------------------
RECENT STANDARD CONVERSIONS
- ------------------------------------
Recent conversions, specifically MHC's and second steps, have had difficulty
reaching the minimum of their estimated value ranges. Additionally for the first
time in the periods presented below, two full conversions have had their stock
prices drop below the initial IPO prices, indicating the need for a downward
adjustment. Additionally, the Median To Date Price Appreciation for 1998 is only
12.75%, down from the one week post IPO price appreciation median of 56.25%.
FIGURE 7 - RECENT STANDARD CONVERSION PERFORMANCE 1998
Percent Change from IPO
-----------------------------------------------
After After After After To Current
IPO Price 1 Day 1 Week 1 Month 3 Months Date Stock Price
Ticker Short Name IPO Date ($) (%) (%) (%) (%) (%) 10/5/98
- -----------------------------------------------------------------------------------------------------------------------------------
CITZ CFS Bancorp Inc. 07/24/98 10.000 14.38% 9.38% -2.50% NA -3.12% 9.688
UCFC United Community Finl Corp. 07/09/98 10.000 50.00% 60.00% 57.50% 36.25% 36.25% 13.625
HRBT Hudson River Bancorp 07/01/98 10.000 25.63% 35.00% 33.75% -1.25% 0.00% 10.000
Q3`98 AVERAGE 30.00% 34.79% 29.58% 17.50% 11.04% 11.104
MEDIAN 25.63% 35.00% 33.75% 17.50% 0.00% 10.000
FKAN First Kansas Financial Corp. 06/29/98 10.000 23.13% 22.50% 15.00% 1.25% -1.25% 9.875
CFKY Columbia Financial of Kentucky 04/15/98 10.000 71.25% 59.38% 60.00% 40.00% 30.00% 13.000
EFC EFC Bancorp Inc. 04/07/98 10.000 47.50% 49.38% 41.25% 36.25% 1.25% 10.125
HBSC Heritage Bancorp Inc. 04/06/98 15.000 NA 46.25% 45.83% 32.50% 6.67% 16.000
NEP Northeast PA Financial Corp. 04/01/98 10.000 55.00% 53.75% 54.38% 38.75% 2.50% 10.250
Q2`98 AVERAGE 49.22% 46.25% 43.29% 29.75% 7.83% 11.850
MEDIAN 51.25% 49.38% 45.83% 36.25% 2.50% 10.250
BYS Bay State Bancorp 03/30/98 20.000 46.88% 48.13% 50.63% 35.00% 10.00% 22.000
HLFC Home Loan Financial Corp. 03/26/98 10.000 52.50% 61.88% 67.50% 47.50% 27.50% 12.750
CAVB Cavalry Bancorp Inc. 03/17/98 10.000 105.63% 143.75% 140.00% 122.50% 85.00% 18.500
ICBC Independence Comm. Bank Corp. 03/17/98 10.000 72.50% 75.63% 81.25% 63.13% 30.00% 13.000
RCBK Richmond County Financial Corp 02/18/98 10.000 63.13% 64.38% 78.75% 87.50% 37.50% 13.750
HFBC HopFed Bancorp Inc. 02/09/98 10.000 68.13% 60.00% 67.50% 118.75% 57.50% 15.750
TSBK Timberland Bancorp Inc. 01/13/98 10.000 45.00% 60.00% 60.00% 76.25% 19.38% 11.938
MYST Mystic Financial Inc. 01/09/98 10.000 44.38% 56.25% 50.00% 73.75% 10.00% 11.000
UTBI United Tennessee Bankshares 01/05/98 10.000 47.50% 37.50% 42.50% 50.00% 7.50% 10.750
Q1`98 AVERAGE 60.63% 67.50% 70.90% 74.93% 31.60% 14.382
MEDIAN 52.50% 60.00% 67.50% 73.75% 27.50% 13.000
1998 YTD AVERAGE 52.03% 55.48% 55.49% 53.63% 20.98% 13.059
MEDIAN 48.75% 56.25% 54.38% 43.75% 10.00% 12.750
Source: SNL Securities and FinPro Calculations
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 11
13
FIGURE 8 - RECENT STANDARD CONVERSION PERFORMANCE 1997
Percent Change From IPO
After After After After To Current
IPO Price 1 Day 1 Week 1 Month 3 Months Date Stock Price
Ticker Short Name IPO Date ($) (%) (%) (%) (%) (%) 10/5/98
- -----------------------------------------------------------------------------------------------------------------------------------
PEDE Great Pee Dee Bancorp 12/31/97 10.000 61.25% 55.00% 48.75% 57.50% 18.75% 11.875
UCBC Union Community Bancorp 12/29/97 10.000 46.88% 42.50% 42.50% 58.13% 17.50% 11.750
WSBI Warwick Community Bancorp 12/23/97 10.000 56.25% 70.00% 56.25% 75.63% 22.50% 12.250
SIB Staten Island Bancorp Inc. 12/22/97 12.000 58.86% 61.98% 59.90% 74.48% 42.71% 17.125
HCBC High Country Bancorp Inc. 12/10/97 10.000 44.38% 50.63% 45.00% 50.00% 20.00% 12.000
FSFF First SecurityFed Financial 10/31/97 10.000 50.63% 51.25% 60.63% 46.88% 26.25% 12.625
OTFC Oregon Trail Financial Corp. 10/06/97 10.000 67.50% 63.75% 61.25% 67.50% 20.00% 12.000
RVSB Riverview Bancorp Inc. 10/01/97 10.000 31.88% 36.25% 32.50% 77.50% 37.50% 13.750
SHSB SHS Bancorp Inc. 10/01/97 10.000 47.50% 62.50% 60.00% 67.50% 77.50% 17.750
Q4 `97 AVERAGE 51.68% 54.87% 51.86% 63.90% 31.41% 13.458
MEDIAN 50.63% 55.00% 56.25% 67.50% 22.50% 12.250
OSFS Ohio State Financial Services 09/29/97 10.000 55.00% 53.70% 49.60% 52.50% 60.00% 16.000
FSPT FirstSpartan Financial Corp. 07/09/97 20.000 83.44% 85.00% 78.13% 91.88% 40.00% 28.000
GOSB GSB Financial Corp. 07/09/97 10.000 46.25% 48.75% 43.75% 55.00% 18.75% 11.875
FBNW FirstBank Corp. 07/02/97 10.000 58.13% 55.63% 77.50% 72.50% 60.00% 16.000
Q3`97 AVERAGE 60.71% 60.77% 62.24% 67.97% 44.69% 17.969
MEDIAN 56.57% 54.67% 63.55% 63.75% 50.00% 16.000
HCBB HCB Bancshares Inc. 05/07/97 10.000 26.25% 27.50% 28.75% 38.75% 6.25% 10.625
PSFC Peoples-Sidney Financial Corp. 04/28/97 10.000 25.63% 28.75% 32.50% 55.00% 65.00% 16.500
HMLK Hemlock Federal Financial Corp 04/02/97 10.000 28.75% 28.75% 30.00% 40.00% 40.00% 14.000
GSLA GS Financial Corp. 04/01/97 10.000 33.75% 37.50% 40.00% 51.25% 35.00% 13.500
Q2 '97 AVERAGE 28.60% 30.63% 32.81% 46.25% 36.56% 13.656
MEDIAN 27.50% 28.75% 31.25% 45.63% 37.50% 13.750
MRKF Market Financial Corp. 03/27/97 10.000 29.38% 22.50% 26.25% 37.50% 16.25% 11.625
EFBC Empire Federal Bancorp Inc. 01/27/97 10.000 32.50% 35.00% 37.50% 31.25% 30.00% 13.000
FAB FIRSTFED AMERICA BANCORP INC. 01/15/97 10.000 36.25% 41.25% 48.75% 38.75% 30.00% 13.000
RSLN Roslyn Bancorp Inc. 01/13/97 10.000 50.00% 59.38% 60.00% 58.75% 55.00% 15.500
AFBC Advance Financial Bancorp 01/02/97 10.000 28.75% 29.38% 40.00% 40.00% 40.00% 14.000
Q1 '97 AVERAGE 35.38% 37.50% 42.50% 41.25% 34.25% 13.425
MEDIAN 32.50% 35.00% 40.00% 38.75% 30.00% 13.000
1997 AVERAGE 45.42% 47.59% 48.16% 56.28% 35.41% 14.307
MEDIAN 46.57% 49.69% 46.88% 55.00% 32.50% 13.250
1/1/97 TO AVERAGE 48.20% 51.03% 51.35% 55.17% 29.12% 13.763
10/5/98 MEDIAN 47.50% 51.25% 49.60% 51.88% 27.50% 13.000
Source: SNL Securities and FinPro Calculations
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 12
14
- ---------------------------------
MHC RECENT CONVERSIONS
- ---------------------------------
Two of the six 1998 MHC reorganizations are trading below their IPO prices and
West Essex is trading at par based on the aftermarket purchase of the ESOP
shares.
FIGURE 9 - RECENT MHC CONVERSION PERFORMANCE 1997 & 1998
After After After After To Current
IPO Price 1 Day 1 Week 1 Month 3 Months Date Stock Price
Ticker Short Name IPO Date ($) (%) (%) (%) (%) (%) 10/5/98
- -------------------------------------------------------------------------------------------------------------------------
WEBK West Essex Bancorp (MHC) 10/05/98 10.000 0.00% NA NA NA 0.00% 10.000
BCSB BCSB Bankcorp Inc. (MHC) 07/08/98 10.000 25.63% 26.25% 16.25% 0.00% 0.00% 10.000
LIBB Liberty Bancorp Inc. (MHC) 07/01/98 10.000 14.38% 16.25% 12.50% -6.25% -10.00% 9.000
NBCP Niagara Bancorp Inc. (MHC) 04/20/98 10.000 63.13% 65.63% 62.50% 43.75% -5.00% 9.500
GBNK Gaston Federal Bancorp (MHC) 04/13/98 10.000 80.00% 63.75% 67.50% 47.50% 2.50% 10.250
BRKL Brookline Bancorp (MHC) 03/25/98 10.000 65.63% 70.00% 78.75% 51.25% 10.94% 11.094
1998 AVERAGE 41.46% 48.38% 47.50% 27.25% -0.26% 9.974
MEDIAN 44.38% 63.75% 62.50% 43.75% 0.00% 10.000
PHSB Peoples Home Savings Bk (MHC) 07/10/97 10.000 40.00% 37.50% 40.00% 72.50% 42.50% 14.250
SKBO First Carnegie Deposit (MHC) 04/04/97 10.000 16.25% 30.00% 28.75% 45.00% 12.50% 11.250
PLSK Pulaski Savings Bank (MHC) 04/03/97 10.000 15.00% 20.00% 18.59% 38.75% 17.50% 11.750
1997 AVERAGE 23.75% 29.17% 29.11% 52.08% 24.17% 12.417
MEDIAN 16.25% 30.00% 28.75% 45.00% 17.50% 11.750
1997 & 1998 AVERAGE 35.56% 41.17% 40.61% 36.56% 7.88% 10.788
MEDIAN 25.63% 33.75% 34.38% 44.38% 2.50% 10.250
Source: SNL Securities and FinPro Calculations
The aftermarket performance of MHC's recently have been anemic which is adding
to the unattractiveness of MHC's in general. Also, MHC's undertaken in 1997 are
also down considerably from their highs.
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 13
15
The average and median second step trading price decreases are 7.94% and 6.06%,
respectively. Nine of the last ten second steps are trading at or down from
their 8/13/98 levels and eight are below their IPO price. The following table is
a compelling reason that the estimated valuation range established in the
initial appraisal needs to be adjusted downward.
FIGURE 10 -SECOND STEP PRICE CHANGES
IPO 8/13/98 10/5/98 % Change % Change
IPO Stock Stock Stock From From
Date Price Price Price IPO Price 8/13/98
Ticker Short Name ($) ($) ($) (%) (%)
- ----------------------------------------------------------------------------------------------------------------------------
HSTD Homestead Bancorp Inc. 7/20/98 10.000 8.250 7.750 - 22.50% - 6.06%
PSBI PSB Bancorp Inc. 7/17/98 10.000 7.938 7.500 - 25.00% - 5.52%
THTL Thistle Group Holdings Co. 7/14/98 10.000 9.188 8.875 - 11.25% - 3.41%
SBAN SouthBanc Shares Inc. 4/15/98 20.000 18.250 16.750 - 16.25% - 8.22%
FSLA First Source Bancorp Inc. 4/9/98 10.000 8.938 7.750 - 22.50% -13.29%
TSBS Peoples Bancorp Inc. 4/9/98 10.000 8.688 8.688 - 13.12% 0.00%
PFSL Pocahontas Bancorp Inc. 4/1/98 10.000 8.750 8.500 - 15.00% -2.86%
HARB Harbor Florida Bancshares Inc. 3/19/98 10.000 12.125 9.625 -3.75% -20.62%
HFWA Heritage Financial Corp. 1/9/98 10.000 12.750 10.250 2.50% -19.61%
GFED Guaranty Federal Bcshs Inc. 12/31/97 10.000 12.625 10.750 7.50% -14.85%
EBI Equality Bancorp Inc. 12/2/97 10.000 13.000 12.875 28.75% -0.96%
FSNJ Bayonne Bancshares Inc. 8/22/97 10.000 14.938 13.250 32.50% -11.30%
MONT Montgomery Financial Corp. 7/1/97 10.000 11.000 11.375 13.75% 3.41%
All Recent Second Step Average 10.77 11.26 10.30 -3.41% -7.94%
All Recent Second Step Median 10.00 11.00 9.63 -11.25% -6.06%
Source: SNL Securities and FinPro Calculations
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 14
16
The decreases in the pricing multiples for all second steps indicate an overall
lack of confidence in second steps in general.
FIGURE 11 - SECOND STEP PRICING MULTIPLES
-----------------------------------------------------------------
Current Price In Relation To
-----------------------------------------------------------------
Current Current Price/
Stock Market LTM LTM Price/ Tangible
Price Value Earnings EPS Core EPS Core Book Value Book Value Assets
Ticker Short Name ($) ($M) (X) (X) (X) (X) (%) (%) (%)
- ---------------------------------------------------------------------------------------------------------------------------------
EBI Equality Bancorp Inc. 12.875 32.44 21.46 NA NA NM 123.80 123.80 11.86
FSLA First Source Bancorp Inc. 7.750 246.06 NA NA NA NA 94.86 97.98 20.15
FSNJ Bayonne Bancshares Inc. 13.250 120.50 27.60 NA NA 27.60 125.71 125.71 17.21
GFED Guaranty Federal Bcshs Inc. 10.750 63.61 17.92 NA NA 17.92 89.51 89.51 25.75
HARB Harbor Florida Bancshares Inc. 9.625 295.87 13.37 NA NA 14.15 114.45 115.69 22.44
HFWA Heritage Financial Corp. 10.250 101.52 21.35 NA NA 32.03 105.45 116.08 23.80
HSTD Homestead Bancorp Inc. 7.750 11.41 NA NA NA NA NA NA NA
MONT Montgomery Financial Corp. 11.375 18.80 14.97 NA NA 14.97 93.70 93.70 16.05
PFSL Pocahontas Bancorp Inc. 8.500 56.82 NA NA NA NA 97.25 100.47 14.04
PSBI PSB Bancorp Inc. 7.500 23.26 NA NA NA NA NA NA NA
SBAN SouthBanc Shares Inc. 16.750 72.13 NA NA NA NA 94.53 94.53 19.62
THTL Thistle Group Holdings Co. 8.875 79.87 NA NA NA NA NA NA NA
TSBS Peoples Bancorp Inc. 8.688 315.60 NA NA NA NA 92.43 95.26 36.12
All Recent Second Step Average 110.61 19.45 NA NA 21.33 103.17 105.27 20.70
All Recent Second Step Median 72.13 19.64 NA NA 17.92 96.06 99.23 19.89
Source: SNL Securities and FinPro Calculations
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 15
17
- ----------------------------------
CURRENT MARKET PRICING
- ----------------------------------
The following tables present pricing multiples for pending standard and second
step transactions. To maintain a consistency with the multiples for the other
second step and full standard transactions, a downward adjustment in the
valuation range is warranted.
FIGURE 12 - PENDING STANDARD TRANSACTIONS
Proforma P/E Proforma P/B
Institution Ticker Date Minimum Midpoint Maximum Supermax Minimum Midpoint Maximum Supermax
- ------------------------------------------------------------------------------------------------------------------------------------
Northfield NFSB 10/5/98 6.80 7.80 8.80 9.80 58.30 63.00 67.00 70.90
Grand Central Financial GCFC 9/25/98 23.18 26.32 27.78 29.41 59.21 63.86 67.84 71.68
First Niles Financial FNFI 9/25/98 13.33 14.49 15.87 17.54 61.46 66.09 70.03 73.80
Cohoes Bancorp applied 9/21/98 14.49 15.63 16.67 18.18 76.63 79.55 82.17 84.60
Peoples Bancorp applied 9/21/98 7.58 8.62 9.80 10.87 52.69 57.30 61.26 65.17
First Federal Corydon IN (2nd Step) FCAP 9/21/98 10.00 12.65 14.29 15.87 76.63 84.32 91.07 97.85
Citizens Savings applied 9/16/98 10.30 11.70 13.00 14.30 58.70 63.50 67.50 71.40
Lincoln Federal applied 9/16/98 17.24 18.52 20.83 21.74 63.49 68.07 71.89 75.59
Security savings applied 9/15/98 14.31 16.10 17.73 19.49 65.43 70.22 74.23 78.11
Fredricksburg VCAP 9/15/98 10.64 11.90 13.51 14.71 59.74 64.60 68.68 72.73
First Fed Warren OH FPFC 9/11/98 15.10 16.95 18.52 20.00 69.66 74.40 78.37 82.09
FIGURE 13 - PENDING SECOND STEP TRANSACTIONS
Proforma P/E Proforma P/B
Institution Ticker Date Minimum Midpoint Maximum Supermax Minimum Midpoint Maximum Supermax
- -----------------------------------------------------------------------------------------------------------------------------------
First Capital Inc. FCAP 9/17/98 10.99 12.65 14.29 15.87 76.63 84.32 91.07 97.85
Pulaski Financial Corp. (1) PULB 18.52 20.83 22.73 25.00 92.02 99.01 103.95 108.70
Community Savings Bankshares (2) CMSV 8/21/98 16.13 18.52 20.41 22.73 84.75 93.28 100.91 108.58
Community Savings Bankshares (3) CMSV 10/7/98 14.49 16.67 18.52 20.83 75.24 83.54 90.83 98.52
1. Pulaski is in the process of re-appraising and will re-solicit.
2. Original appraisal of CMSV filed 8/21/98.
3. Updated appraisal of CMSV filed 10/7/98.
As Figure 13 illustrates, the original Pro Forma multiples are high relative to
the other current second step offering (First Capital, Inc.). Additionally, the
Pulaski second step is in the process of re-appraising and will re-solicit upon
regulatory approval. The revised Pulaski numbers are expected to look similar to
the numbers presented in this update. As the original appraisal multiples are
similar to Pulaski and the market rejected them as to high, it is safe to assume
that Community's original multiples are similarly too high and must be lowered.
Most investors have been hurt in the last month or so due to price declines and
have become, as a group, illiquid due to margin calls. As such, they will be
very selective in this next round of subscriptions. It is critical that all
similar offerings be priced consistently and that the only differences in price
came on financial or operational issues, not on market reflected issues. This
update eliminates the market variable in the pricing of comparable second step's
in the local market.
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 16
18
- --------------------------------------
OTHER PERTINENT INFORMATION
- --------------------------------------
- Professionals, probably the result of margin calls on their existing
portfolios, are illiquid and are not subscribing heavily in recent
offerings.
- Of all conversions, either MHC or standard, since July 13, 1998, only
Farnsworth Bancorp, Inc. is trading at a premium. The other eight are at
or below their IPO price. (See page 3 of the attached SNL Conversion Watch
issue dated October 6, 1998).
- The Pulaski second step offering had to re-appraise and re-solicit as
subscriptions were insufficient to get it closed in the range.
- The last Florida second step, Harbor Federal, is now below its IPO price
which will dampen investor enthusiasm for Community Savings Bankshares'
offering.
- The last eight second steps are all below their IPO price.
Recent articles in major trade publications, such as The American Banker, are
fueling the flight from bank and thrift stocks. Provided below are some sample
front page headlines from recent American Banker issues;
Tuesday, October 6, 1998 Investors Dump Bank Stocks as 3Q Profit Fears Take Hold
Monday, October 5, 1998 Betting Heavy That the worst Isn't Over for Bank Stocks
Thursday, October 1, 1998 Fed Rate Cut Disappoints Market, But a Bigger One
Might Have Too
Tuesday, September 29, 1998 OCC Sounds Quality Alert On Loans to Consumers
Tuesday, September 29, 1998 As Wall Street Beats a Retreat, Banks Eye a Return
to Real Estate
Friday, September 25, 1998 Scared Investors Flee Bank Stocks, Worst Is Still to
Come, Some Predict
Thursday, September 24, 1998 Some Giants Pulled Back Early from Bank Stocks
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 17
19
- ------------------------------------
VALUATION DETERMINATION
- ------------------------------------
As in our initial appraisal, FinPro has analyzed the pro forma price to
earnings, pro forma price to tangible book and pro forma price to book ratios in
combination with one another in determining an appropriate pro forma estimated
market value for the Bank. FinPro has considered the price to assets ratio as
well in its valuation approach. Additional supporting data is as follows:
Exhibit 1 - Comparison of State and Comparable Multiples August 13,
1998 and October 5, 1998
Exhibit 2 - Industry Multiples at October 5, 1998
Exhibit 3 - Performance of Recent Conversions
Exhibit 4 - Performance of Second Step Conversions
Exhibit 5 - Selected Data for the Comparable Group
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 18
20
Based upon all of the factors discussed in this update, FinPro believes that a
valuation range, on a FULLY CONVERTED BASIS WITHOUT A FOUNDATION, of
$110,500,000 at the midpoint, $93,925,000 at the minimum, $127,075,000 at the
maximum and $146,136,250 is appropriate. The resulting pro forma pricing ratios
to the Comparable Group, Florida fully converted thrifts and all fully converted
thrifts are as follows:
FIGURE 14 - UPDATED PRICING MULTIPLES TO THE COMPARABLE GROUP
Bank Comparables State National
Mean Median Mean Median Mean Median
---- ------ ---- ------ ---- ------
Min 14.49
Price-Earnings Ratio P/E Mid 16.67 17.47 17.76 26.22 24.05 20.85 17.73
- ------------------------ Max 18.52
Smax 20.83
Min 75.24%
Price-to-Book Ratio P/B Mid 83.54% 148.75% 155.30% 173.46% 165.33% 150.25% 133.33%
- ----------------------- Max 90.83%
Smax 98.52%
Min 75.24%
Price-to-Tangible Book Ratio P/TB Mid 83.54% 154.38% 157.44% 183.92% 172.53% 156.31% 136.35%
- --------------------------------- Max 90.83%
Smax 98.52%
Min 11.64%
Price-to-Assets Ratio P/A Mid 13.56% 14.95% 15.62% 16.73% 12.08% 18.10% 16.71%
- ------------------------- Max 15.46%
Smax 17.59%
Source: FinPro Computations
Note: The Bank's pro forma multiples reflect twelve month results as of
June 30, 1998.
This would equate to the following conversion shares and value, exchange shares
and value and exchange ratios:
FIGURE 15 - VALUE RANGE OFFERING DATA
-------------------------------------------------------------------
Appraised Value
-------------------------------------------------------------------
Conclusion Minimum Midpoint Maximum Supermaximum (*)
-------------------------------------------------------------------
Total Shares 9,392,500 11,050,000 12,707,500 14,613,625
Price per Share $ 10 $ 10 $ 10 $ 10
Full Conversion Value $93,925,000 $110,500,000 $127,075,000 $146,136,250
Exchange Shares 4,521,291 5,319,341 6,117,143 7,034,664
Exchange Percent 48.14% 48.14% 48.14% 48.14%
Conversion Shares 4,871,209 5,730,659 6,590,357 7,578,961
Conversion Percent 51.86% 51.86% 51.86% 51.86%
Gross Proceeds $48,712,090 $ 57,306,590 $ 65,903,570 $ 75,789,610
Exchange Value $45,212,910 $ 53,193,410 $ 61,171,430 $ 70,346,640
Exchange Ratio 1.8203 2.1416 2.4628 2.8322
-------------------------------------------------------------------
(*) SuperMaximum is an overallotment option that is 15% above the maximum
amount.
Source: FinPro Computations
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 19
21
- -------------------------------------
VALUATION CONCLUSION
- -------------------------------------
As of October 7, 1998, it is FinPro's opinion that the estimated pro forma
market value of the Bank in a second step offering is $110,500,000 at the
midpoint, $93,925,000 at the minimum, $127,075,000 at the maximum and
$146,136,250 at the supermaximum.
This is down from the original appraisal range of $130,000,000 at the midpoint,
$110,500,000 at the minimum, $149,500,000 at the maximum and $171,925,000 at the
supermaximum by approximately 15% across the range.
Respectfully Submitted,
FinPro, Inc.
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 20
22
List of Exhibits
Community Savings Bankshares, Inc.
EXHIBIT
1. Market Multiples Comparison - 10/13/98 to 10/5/98
2. Industry Multiples - Comparable Group, Florida Thrifts, All
Public Thrifts
3. Select Market Data - 1997-to-Date Standard Conversions
4. Select Market Date - Second Step Conversions
5. Selected Data on all Public Thrifts
6. Waived Dividend Schedule
7. Ownership Computation
8. Pro Forma Analysis Sheet (Full Conversion - No Foundation)
- --------------------------------------------------------------------------------
Community Savings Bankshares, Inc., Appraisal update Page 21
23
EXHIBIT 1
MULTIPLES OF THE COMPARABLE GROUP
PRICING DATA AS OF AUGUST 13, 1998 AND OCTOBER 5, 1998
10/05/98 10/05/98 08/13/98
Market Stock Stock Dollar Percentage
Value Price Price Change Change
Ticker Short Name ($M) ($) ($)
- -----------------------------------------------------------------------------------------------------------------------
COMPARABLE GROUP
ANDB Andover Bancorp Inc. 183.89 28.38 34.50 (6.13) -17.75%
EBSI Eagle Bancshares 104.58 18.00 22.50 (4.50) -20.00%
FAB FIRSTFED AMERICA BANCORP INC. 102.16 13.00 16.88 (3.88) -22.96%
FNGB First Northern Capital Corp. 93.02 10.50 12.75 (2.25) -17.65%
FWWB First Washington Bancorp Inc. 262.05 22.50 23.00 (0.50) -2.17%
KFBI Klamath First Bancorp 163.63 16.50 17.00 (0.50) -2.94%
MDBK Medford Bancorp Inc. 144.78 16.25 40.00 (23.75) -59.38%
MECH MECH Financial Inc. 124.44 23.50 28.00 (4.50) -16.07%
WSTR WesterFed Financial Corp. 108.98 19.50 21.50 (2.00) -9.30%
YFED York Financial Corp. 159.18 17.75 18.88 (1.13) -5.96%
Comparable Average 144.67 18.59 23.50 (4.91) -17.42%
Comparable Median 134.61 17.88 22.00 (3.06) -16.86%
10/05/98 10/05/98 REF
Market Stock Stock Dollar Percentage
Value Price Price Change Change
Ticker Short Name ($M) ($) ($)
- -----------------------------------------------------------------------------------------------------------------------
FLORIDA FULLY CONVERTED
BANC BankAtlantic Bancorp Inc. 204.37 6.50 11.25 (4.75) -42.22%
BKUNA BankUnited Financial Corp. 161.19 9.06 11.19 (2.13) -18.99%
FDTR Federal Trust Corp. 13.59 2.75 3.63 (0.88) -24.14%
FFPB First Palm Beach Bancorp Inc. 160.16 31.13 39.75 (8.63) -21.70%
HARB Harbor Florida Bancshares Inc. 295.87 9.63 12.13 (2.50) -20.62%
OCN Ocwen Financial Corp. 372.23 6.13 18.75 (12.63) -67.33%
State Average 201.24 10.86 16.11 (5.25) -32.50%
State Median 182.78 7.78 11.69 (3.63) -22.92%
-------------------------------------------------------------------------------
Price Multiple Changes
-------------------------------------------------------------------------------
10/05/98 08/13/98
10/05/98 08/13/98 Percentage Book Book
LTM EPS LTM EPS Change Value Value
Ticker Short Name (x) (x) (x) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------
COMPARABLE GROUP
ANDB Andover Bancorp Inc. 12.07 14.68 -17.78% 161.13 195.91
EBSI Eagle Bancshares 12.24 18.29 -33.08% 134.73 172.68
FAB FIRSTFED AMERICA BANCORP INC. 15.12 19.62 -22.94% 82.49 107.07
FNGB First Northern Capital Corp. 14.58 17.71 -17.67% 123.67 150.18
FWWB First Washington Bancorp Inc. 17.72 18.40 -3.70% 137.61 155.62
KFBI Klamath First Bancorp 17.74 18.28 -2.95% 103.00 106.12
MDBK Medford Bancorp Inc. 12.90 15.94 -19.07% 142.67 175.59
MECH MECH Financial Inc. 14.51 17.28 -16.03% 134.21 159.91
WSTR WesterFed Financial Corp. 15.12 16.67 -9.30% 99.29 109.47
YFED York Financial Corp. 16.75 17.81 -5.95% 145.73 154.97
Comparable Average 14.88 17.47 -14.85% 126.45 148.75
Comparable Median 14.85 17.76 -16.85% 134.47 155.29
10/05/98 REF
10/05/98 REF Percentage Book Book
LTM EPS LTM EPS Change Value Value
Ticker Short Name (x) (x) (x) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------
FLORIDA FULLY CONVERTED
BANC BankAtlantic Bancorp Inc. 9.70 16.79 -42.23% 93.39 161.64
BKUNA BankUnited Financial Corp. 19.28 21.11 -8.67% 88.08 118.64
FDTR Federal Trust Corp. NA NA NA 105.77 141.05
FFPB First Palm Beach Bancorp Inc. 19.95 25.48 -21.70% 132.33 169.01
HARB Harbor Florida Bancshares Inc. NA NA NA 114.45 144.17
OCN Ocwen Financial Corp. 13.32 40.76 -67.32% 87.13 266.71
State Average 15.56 26.04 -34.98% 103.53 166.87
State Median 16.30 23.30 -31.97% 99.58 152.91
Percentage 10/05/98 08/13/98 Percentage
Change Assets Assets Change
Ticker Short Name (%) (%) (%) (%)
- ------------------------------------------------------------------------------------------------------------------------------
COMPARABLE GROUP
ANDB Andover Bancorp Inc. -17.75% 13.21 16.06 -17.75%
EBSI Eagle Bancshares -21.98% 9.33 11.23 -16.92%
FAB FIRSTFED AMERICA BANCORP INC. -22.96% 8.17 10.61 -23.00%
FNGB First Northern Capital Corp. -17.65% 13.47 16.36 -17.67%
FWWB First Washington Bancorp Inc. -0.80% 19.32 21.82 -11.46%
KFBI Klamath First Bancorp -2.94% 16.22 16.71 -2.93%
MDBK Medford Bancorp Inc. -18.75% 12.75 15.70 -18.79%
MECH MECH Financial Inc. -16.07% 13.03 15.53 -16.10%
WSTR WesterFed Financial Corp. -9.30% 10.66 11.75 -9.28%
YFED York Financial Corp. -5.96% 12.95 13.77 -5.95%
Comparable Average -13.42% 12.91 14.95 -13.98%
Comparable Median -16.86% 12.99 15.62 -16.51%
Percentage 10/05/98 REF Percentage
Change Assets Assets Change
Ticker Short Name (%) (%) (%) (%)
- ---------------------------------------------------------------------------------------------------------------------------
FLORIDA FULLY CONVERTED
BANC BankAtlantic Bancorp Inc. -42.22% 6.35 10.98 -42.17%
BKUNA BankUnited Financial Corp. -22.95% 4.50 5.20 -13.46%
FDTR Federal Trust Corp. -25.01% 8.94 12.12 -26.24%
FFPB First Palm Beach Bancorp Inc. -21.70% 9.06 11.57 -21.69%
HARB Harbor Florida Bancshares Inc. -20.61% 22.44 28.26 -20.59%
OCN Ocwen Financial Corp. -67.33% 10.62 32.51 -67.33%
State Average -33.31% 10.32 16.77 -31.91%
State Median -23.98% 9.00 11.85 -23.97%
24
10/05/98 10/05/98 08/13/98
Market Stock Stock Dollar Percentage
Value Price Price Change Change
Ticker Short Name ($M) ($) ($)
- --------------------------------------------------------------------------------------------------------------------
FLORIDA MHC'S
CMSV Community Savings Bnkshrs(MHC) 96.90 19.00 31.50 (12.50) -39.68%
FFFL Fidelity Bankshares Inc. (MHC) 154.76 22.75 26.00 (3.25) -12.50%
State MHC's Average 125.83 20.88 28.75 (7.88) -26.09%
State MHC's Median 125.83 20.88 28.75 (7.88) -26.09%
ALL MUTUAL HOLDING COMPANIES
ALLB Alliance Bank (MHC) 45.42 13.88 22.00 (8.13) -36.93%
BCSB BCSB Bankcorp Inc. (MHC) 61.17 10.00 11.69 (1.69) -14.44%
BRKL Brookline Bancorp (MHC) 322.78 11.09 13.00 (1.91) -14.66%
CMSV Community Savings Bnkshrs(MHC) 96.90 19.00 31.50 (12.50) -39.68%
FFFL Fidelity Bankshares Inc. (MHC) 154.76 22.75 26.00 (3.25) -12.50%
FFSX First Fed SB of Siouxland(MHC) 66.74 23.50 30.00 (6.50) -21.67%
GBNK Gaston Federal Bancorp (MHC) 46.09 10.25 13.19 (2.94) -22.28%
HARS Harris Financial Inc. (MHC) 441.54 13.00 18.06 (5.06) -28.03%
JXSB Jacksonville Savings Bk (MHC) 27.67 14.50 16.25 (1.75) -10.77%
LFED Leeds Federal Bankshares (MHC) 77.07 15.00 17.00 (2.00) -11.76%
LIBB Liberty Bancorp Inc. (MHC) 35.11 9.00 9.88 (0.88) -8.86%
NBCP Niagara Bancorp Inc. (MHC) 282.68 9.50 11.69 (2.19) -18.72%
NWSB Northwest Bancorp Inc. (MHC) 480.12 10.25 12.69 (2.44) -19.22%
PBCT People's Bank (MHC) 1,463.24 22.81 27.00 (4.19) -15.51%
PBHC Pathfinder Bancorp Inc. (MHC) 36.45 12.88 15.38 (2.50) -16.26%
PHSB Peoples Home Savings Bk (MHC) 39.33 14.25 17.00 (2.75) -16.18%
PLSK Pulaski Savings Bank (MHC) 24.77 11.75 14.88 (3.13) -21.01%
PULB Pulaski Bank, FSB (MHC) 45.28 21.50 32.00 (10.50) -32.81%
SBFL Finger Lakes Financial (MHC) 39.27 11.00 16.50 (5.50) -33.33%
SKBO First Carnegie Deposit (MHC) 25.88 11.25 14.25 (3.00) -21.05%
WAYN Wayne Savings Bancshares (MHC) 44.76 18.00 23.00 (5.00) -21.74%
WCFB Webster City Federal SB (MHC) 32.24 15.25 17.00 (1.75) -10.29%
WEBK West Essex Bancorp (MHC) 41.97 10.00 NA NA NA
All MHC's Average 170.92 14.37 18.63 (4.07) -20.35%
All MHC's Median 45.42 13.00 16.75 (2.97) -18.97%
----------------------------------------------------------------------------------
Price Multiple Changes
----------------------------------------------------------------------------------
10/05/98 08/13/98 10/05/98
10/05/98 08/13/98 Percentage Book Book Percentage Tangible
LTM EPS LTM EPS Change Value Value Change Bk Value
Ticker Short Name (x) (x) (x) (%) (%) (%) (%)
- ------------------------------------------------------------------------------------------------------------------------------------
FLORIDA MHC'S
CMSV Community Savings Bnkshrs(MHC) 18.81 30.58 -38.49% 114.05 190.68 -40.19% 114.05
FFFL Fidelity Bankshares Inc. (MHC) 19.78 22.61 -12.52% 171.31 195.78 -12.50% 176.36
State MHC's Average 19.30 26.59 -25.50% 142.68 193.23 -26.34% 145.21
State MHC's Median 19.30 26.59 -25.50% 142.68 193.23 -26.34% 145.21
ALL MUTUAL HOLDING COMPANIES
ALLB Alliance Bank (MHC) 22.38 35.48 -36.92% 153.15 242.83 -36.93% 153.15
BCSB BCSB Bankcorp Inc. (MHC) NA NA NA NA NA NA NA
BRKL Brookline Bancorp (MHC) NA NA NA 117.15 137.28 -14.66% 117.15
CMSV Community Savings Bnkshrs(MHC) 18.81 30.58 -38.49% 114.05 190.68 -40.19% 114.05
FFFL Fidelity Bankshares Inc. (MHC) 19.78 22.61 -12.52% 171.31 195.78 -12.50% 176.36
FFSX First Fed SB of Siouxland(MHC) 19.75 25.21 -21.66% 158.78 202.70 -21.67% 196.98
GBNK Gaston Federal Bancorp (MHC) NA NA NA 112.14 144.29 -22.28% 112.14
HARS Harris Financial Inc. (MHC) 24.07 33.45 -28.04% 233.81 324.87 -28.03% 258.45
JXSB Jacksonville Savings Bk (MHC) 27.88 31.86 -12.49% 154.58 176.06 -12.20% 154.58
LFED Leeds Federal Bankshares (MHC) 23.44 25.76 -9.01% 158.06 178.57 -11.49% 158.06
LIBB Liberty Bancorp Inc. (MHC) NA NA NA NA NA NA NA
NBCP Niagara Bancorp Inc. (MHC) NA NA NA 110.47 NA NA 110.47
NWSB Northwest Bancorp Inc. (MHC) 22.78 28.20 -19.22% 220.43 272.86 -19.21% 245.22
PBCT People's Bank (MHC) 13.83 16.36 -15.46% 170.63 201.94 -15.50% 198.03
PBHC Pathfinder Bancorp Inc. (MHC) 25.25 30.15 -16.25% 152.01 181.52 -16.26% 178.08
PHSB Peoples Home Savings Bk (MHC) NA NA NA 137.02 163.46 -16.18% 137.02
PLSK Pulaski Savings Bank (MHC) 23.98 30.36 -21.01% 111.59 141.26 -21.00% 111.59
PULB Pulaski Bank, FSB (MHC) 23.37 34.78 -32.81% 181.13 269.59 -32.81% 181.13
SBFL Finger Lakes Financial (MHC) 39.29 58.93 -33.33% 179.74 269.61 -33.33% 179.74
SKBO First Carnegie Deposit (MHC) 30.41 NA NA 105.83 131.22 -19.35% 105.83
WAYN Wayne Savings Bancshares (MHC) 25.00 30.67 -18.49% 181.09 233.74 -22.53% 181.09
WCFB Webster City Federal SB (MHC) 23.83 26.56 -10.28% 141.86 158.14 -10.29% 141.86
WEBK West Essex Bancorp (MHC) NA NA NA NA NA NA NA
All MHC's Average 23.99 30.73 -21.73% 153.24 200.86 -21.39% 160.55
All MHC's Median 23.64 30.36 -19.22% 153.87 190.68 -19.35% 156.32
------------------------------------------------------------------
Price Multiple Changes
------------------------------------------------------------------
08/13/98
Tangible Percentage 10/05/98 08/13/98 Percentage
Bk Value Change Assets Assets Change
Ticker Short Name (%) (%) (%) (%) (%)
- --------------------------------------------------------------------------------------------------------------------
FLORIDA MHC'S
CMSV Community Savings Bnkshrs(MHC) 190.68 -40.19% 12.66 21.12 -40.06%
FFFL Fidelity Bankshares Inc. (MHC) NA NA 10.54 12.04 -12.46%
State MHC's Average 190.68 -40.19% 11.60 16.58 -26.26%
State MHC's Median 190.68 -40.19% 11.60 16.58 -26.26%
ALL MUTUAL HOLDING COMPANIES
ALLB Alliance Bank (MHC) 242.83 -36.93% 16.37 25.95 -36.92%
BCSB BCSB Bankcorp Inc. (MHC) NA NA NA NA NA
BRKL Brookline Bancorp (MHC) 137.28 -14.66% 38.64 45.28 -14.66%
CMSV Community Savings Bnkshrs(MHC) 190.68 -40.19% 12.66 21.12 -40.06%
FFFL Fidelity Bankshares Inc. (MHC) NA NA 10.54 12.04 -12.46%
FFSX First Fed SB of Siouxland(MHC) 251.47 -21.67% 12.10 15.45 -21.68%
GBNK Gaston Federal Bancorp (MHC) 144.29 -22.28% 22.75 29.27 -22.28%
HARS Harris Financial Inc. (MHC) 359.11 -28.03% 18.99 26.38 -28.01%
JXSB Jacksonville Savings Bk (MHC) 176.06 -12.20% 16.30 18.28 -10.83%
LFED Leeds Federal Bankshares (MHC) 178.57 -11.49% 25.74 29.46 -12.63%
LIBB Liberty Bancorp Inc. (MHC) NA NA NA NA NA
NBCP Niagara Bancorp Inc. (MHC) NA NA 21.01 NA NA
NWSB Northwest Bancorp Inc. (MHC) 303.54 -19.21% 18.74 23.33 -19.67%
PBCT People's Bank (MHC) 234.38 -15.51% 16.07 19.02 -15.51%
PBHC Pathfinder Bancorp Inc. (MHC) 212.66 -16.26% 18.40 21.98 -16.29%
PHSB Peoples Home Savings Bk (MHC) 163.46 -16.18% 17.35 20.69 -16.14%
PLSK Pulaski Savings Bank (MHC) 141.26 -21.00% 13.19 16.70 -21.02%
PULB Pulaski Bank, FSB (MHC) 269.59 -32.81% 24.22 36.05 -32.82%
SBFL Finger Lakes Financial (MHC) 269.61 -33.33% 15.20 22.80 -33.33%
SKBO First Carnegie Deposit (MHC) 131.22 -19.35% 17.77 22.12 -19.67%
WAYN Wayne Savings Bancshares (MHC) 233.74 -22.53% 17.25 21.99 -21.56%
WCFB Webster City Federal SB (MHC) 158.14 -10.29% 33.20 37.01 -10.29%
WEBK West Essex Bancorp (MHC) NA NA NA NA NA
All MHC's Average 210.99 -21.88% 19.32 24.47 -21.36%
All MHC's Median 201.67 -20.18% 17.56 22.12 -19.67%
25
EXHIBIT 2
INDUSTRY MULTIPLES
PRICING DATA AS OF OCTOBER 5, 1998
-----------------------------------------------
Current Price in Relation to
Current Current -----------------------------------------------
Stock Market Price/
Price Value Earnings LTM EPS LTM Core EPS
Ticker Short Name ($) ($M) (x) (x) (x)
- ----------------------------------------------------------------------------------------------------------------------------------
%CCMD Chevy Chase Bank FSB NA NA NA NA NA
AABC Access Anytime Bancorp Inc. 8.125 9.89 33.85 6.66 7.39
ABBK Abington Bancorp Inc. 14.750 51.66 12.29 12.61 16.76
ABCL Alliance Bancorp 18.000 205.82 32.14 14.06 12.24
ABCW Anchor BanCorp Wisconsin 19.500 346.71 14.77 16.96 19.50
AFBC Advance Financial Bancorp 14.000 14.43 21.88 16.47 18.92
AFED AFSALA Bancorp Inc. 13.875 18.30 38.54 17.79 16.32
AHCI Ambanc Holding Co. 13.000 53.37 108.33 24.53 22.81
ALBC Albion Banc Corp. 7.750 5.83 16.15 15.20 16.15
ALBK ALBANK Financial Corp. 47.375 629.22 16.01 14.62 14.67
AMFC AMB Financial Corp. 15.000 13.05 34.09 15.79 24.59
ANA Acadiana Bancshares Inc. 17.750 40.45 16.44 14.55 15.57
ANDB Andover Bancorp Inc. 28.375 183.89 9.09 12.07 12.39
ANE Alliance Bncp of New England 9.625 22.06 10.03 10.69 21.88
ASBI Ameriana Bancorp 18.125 58.96 16.18 15.63 18.13
ASBP ASB Financial Corp. 11.250 18.62 14.80 16.79 16.79
ASFC Astoria Financial Corp. 35.500 944.07 10.44 10.82 11.91
ATSB AmTrust Capital Corp. 15.500 7.91 29.81 27.19 62.00
AVND Avondale Financial Corp. 10.188 29.99 4.63 NM NM
BANC BankAtlantic Bancorp Inc. 6.500 204.37 10.83 9.7 21.67
BDJI First Federal Bancorp. 13.750 13.73 12.28 14.18 14.03
BFD BostonFed Bancorp Inc. 16.625 89.23 12.59 12.89 15.99
BFFC Big Foot Financial Corp. 14.563 36.31 30.34 29.72 40.45
BFSB Bedford Bancshares Inc. 11.125 25.56 12.64 14.64 14.64
BKC American Bank of Connecticut 18.750 87.88 9.97 10.47 12.42
BKCT Bancorp Connecticut Inc. 16.500 84.39 13.31 14.35 16.67
BKUNA BankUnited Financial Corp. 9.063 161.19 32.37 19.28 32.37
BNKU Bank United Corp. 32.250 1,019.01 10.90 9.43 10.02
BPLS Bank Plus Corp. 4.375 84.83 NM 11.82 7.95
BRBI Blue River Bancshares Inc. 8.750 13.13 NM NA NA
BTHL Bethel Bancorp 12.500 15.15 16.45 13.02 16.89
BVCC Bay View Capital Corp. 15.375 311.80 15.38 18.98 10.68
BWFC Bank West Financial Corp. 9.000 23.61 75.00 27.27 26.47
BYFC Broadway Financial Corp. 8.750 8.16 24.31 14.34 39.77
BYS Bay State Bancorp 22.000 55.78 25.00 NA NA
CAFI Camco Financial Corp. 16.000 87.58 12.90 12.60 17.39
CASB Cascade Financial Corp. 12.000 50.56 14.29 16.00 17.91
CASH First Midwest Financial Inc. 18.000 46.90 13.64 17.31 19.35
CATB Catskill Financial Corp. 13.000 57.67 13.54 14.29 14.44
CAVB Cavalry Bancorp Inc. 18.500 139.46 21.02 NA NA
CBCI Calumet Bancorp Inc. 30.000 94.36 18.29 10.75 10.68
CBES CBES Bancorp Inc. 17.750 16.68 13.45 15.99 22.19
CBK Citizens First Financial Corp. 16.000 38.54 23.53 20.78 37.21
CBSA Coastal Bancorp Inc. 15.500 117.27 7.60 7.83 7.64
CEBK Central Co-operative Bank 18.500 36.35 13.60 11.64 15.42
CENB Century Bancorp Inc. 13.500 17.16 12.98 12.74 12.86
CFB Commercial Federal Corp. 20.625 1,245.56 11.99 12.73 10.31
CFCP Coastal Financial Corp. 17.000 106.35 15.74 16.50 20.48
CFFC Community Financial Corp. 12.500 32.13 16.45 18.12 18.94
CFKY Columbia Financial of Kentucky 13.000 34.73 NA NA NA
CFNC Carolina Fincorp Inc. 8.750 16.67 10.94 14.34 12.87
CFSB CFSB Bancorp Inc. 21.375 174.57 14.44 15.95 17.67
CFTP Community Federal Bancorp 14.250 62.68 16.96 21.27 24.57
CIBI Community Investors Bancorp 12.000 15.03 18.75 17.65 17.65
CITZ CFS Bancorp Inc. 9.688 216.96 NA NA NA
CKFB CKF Bancorp Inc. 16.500 13.92 18.75 16.50 16.50
CLAS Classic Bancshares Inc. 14.500 18.84 22.66 18.35 23.77
CMRN Cameron Financial Corp 16.625 40.46 14.84 16.46 16.63
CMSB Commonwealth Bancorp Inc. 14.000 213.84 35.00 16.28 23.33
CNIT CENIT Bancorp Inc. 17.875 89.70 14.42 13.75 14.90
CNSB CNS Bancorp Inc. 13.500 20.14 28.13 25.47 30.00
CNY Carver Bancorp Inc. 9.250 21.41 16.52 19.27 22.02
COFI Charter One Financial 21.250 2,843.93 10.63 16.87 12.35
CONE Conestoga Bancorp, Inc. NA NA NA NA NA
COOP Cooperative Bankshares Inc. 13.250 40.22 15.77 17.91 19.49
CRSB Crusader Holding Corp. 12.000 45.99 8.82 9.45 10.34
CRZY Crazy Woman Creek Bancorp 12.500 11.47 16.45 15.06 15.06
CSBF CSB Financial Group Inc. 9.75 8 20.31 26.35 27.86
CVAL Chester Valley Bancorp Inc. 26.000 60.54 24.07 17.57 18.57
DCBI Delphos Citizens Bancorp Inc. 16.000 29.57 17.39 17.78 17.78
DCOM Dime Community Bancshares Inc. 19.250 234.40 14.15 17.66 18.51
DME Dime Bancorp Inc. 22.438 2,553.22 11.22 14.48 23.37
DNFC D & N Financial Corp. 18.125 165.97 10.79 11.12 13.43
DSL Downey Financial Corp. 21.375 600.74 10.08 10.58 12.57
EBI Equality Bancorp Inc. 12.875 32.44 21.46 NA NA
---------------------------------------------------
Current Price in Relation to
---------------------------------------------------
Current LTM
Price/ Tangible Dividend Dividend
Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (%) (%) (%) (%) (%)
- ------ --------------------------------------------------------------------------------------
%CCMD NA NA NA NA NA NA
AABC 101.56 106.77 106.77 8.46 0.000 0.00
ABBK 23.05 149.75 164.25 9.54 1.356 25.64
ABCL 14.06 113.92 114.87 9.95 2.444 34.38
ABCW 18.06 265.31 269.34 16.91 1.026 14.35
AFBC 35.00 96.69 96.69 12.64 2.286 37.65
AFED 23.13 85.49 85.49 10.94 2.018 30.77
AHCI 20.31 91.42 91.42 9.44 1.846 41.51
ALBC 16.15 92.59 92.59 7.87 1.548 32.67
ALBK 16.01 165.07 208.52 15.16 1.773 23.15
AMFC 23.44 97.28 97.28 12.34 1.867 28.42
ANA 17.07 101.31 101.31 14.91 2.479 34.43
ANDB 9.33 161.13 161.13 13.21 2.537 26.38
ANE 18.51 121.84 124.51 9.51 2.078 14.80
ASBI 18.88 129.19 131.53 15.71 3.531 55.17
ASBP 14.80 128.42 128.42 15.99 3.556 358.21
ASFC 11.53 105.53 147.30 8.14 2.254 21.34
ATSB NM 105.73 106.82 11.45 1.290 35.09
AVND NM 71.70 71.70 5.99 0.000 0.00
BANC 14.77 93.39 120.82 6.35 1.538 NM
BDJI 12.28 108.27 108.27 11.32 0.000 0
BFD 17.32 102.75 106.43 8.47 2.406 24.03
BFFC 60.68 96.06 96.06 16.59 0.000 0.00
BFSB 12.64 123.34 123.34 16.36 2.876 38.16
BKC 11.16 148.22 152.81 12.82 4.267 45.25
BKCT 15.28 172.23 172.23 17.04 3.273 44.78
BKUNA NM 88.08 105.38 4.50 0.000 0.00
BNKU 12.03 152.19 167.53 7.78 1.984 18.13
BPLS NM 45.81 49.94 1.98 0.000 0.00
BRBI NA NA NA NA 0.000 NA
BTHL 19.53 91.17 108.60 6.89 2.560 20.83
BVCC 10.39 79.13 122.02 5.45 2.602 46.91
BWFC 28.13 101.47 101.47 13.01 0.000 66.67
BYFC 24.31 62.41 62.41 5.93 2.286 30.36
BYS 20.37 80.76 80.76 19.39 0.000 NA
CAFI 18.18 150.80 160.32 14.91 2.563 28.87
CASB 17.65 162.82 162.82 11.53 0.000 0.00
CASH 14.52 109.76 122.87 11.17 2.667 43.27
CATB 14.13 82.70 82.70 18.84 2.846 34.07
CAVB 25.69 138.37 138.37 41.04 1.081 NA
CBCI 18.75 108.15 108.15 19.18 0.000 0.00
CBES 24.65 98.94 98.94 13.48 2.704 37.84
CBK 36.36 103.03 103.03 14.38 0.000 0
CBSA 7.60 103.33 118.59 3.93 2.065 16.16
CEBK 15.95 97.68 107.25 9.52 1.730 20.13
CENB 13.50 91.59 91.59 17.71 5.037 NM
CFB 10.74 134.89 152.21 9.80 1.067 13.07
CFCP 19.32 292.10 292.10 17.24 1.647 26.46
CFFC 19.53 124.38 124.88 17.53 0.000 40.58
CFKY NA 92.72 92.72 29.19 2.154 NA
CFNC 11.51 108.29 108.29 14.64 2.743 NM
CFSB 16.70 264.54 264.54 20.59 2.433 34.35
CFTP 23.75 95.96 95.96 23.81 2.246 47.01
CIBI 18.75 146.88 146.88 14.82 2.000 31.35
CITZ NA NA NA NA 3.303 NA
CKFB 18.75 95.43 95.43 22.17 3.273 50.00
CLAS 22.66 91.83 106.77 13.66 2.207 35.44
CMRN 14.84 92.26 92.26 18.33 1.684 27.72
CMSB 35.00 108.44 137.66 9.15 2.286 34.88
CNIT 16.55 164.90 178.04 13.70 2.238 28.20
CNSB 42.19 91.46 91.46 22.66 2.222 45.28
CNY 16.52 59.64 61.71 5.01 0.000 0.00
COFI 11.07 192.48 204.52 14.37 2.509 38.47
CONE NA NA NA NA NA 28.17
COOP 15.77 132.50 132.50 10.53 0.000 0.00
CRSB 10.00 198.02 209.06 22.76 0.000 0.00
CRZY 16.45 81.43 81.43 19.09 3.200 48.19
CSBF 20.31 73.09 77.44 16.95 0 0.00
CVAL 21.67 199.54 199.54 16.85 1.612 31.20
DCBI 17.39 107.82 107.82 26.04 1.500 13.33
DCOM 15.52 125.82 144.41 14.43 2.078 21.10
DME 40.07 191.45 232.76 12.18 0.000 10.97
DNFC 13.33 156.93 158.16 8.74 1.103 11.72
DSL 13.36 130.89 132.27 10.30 1.497 15.28
EBI NM 123.80 123.80 11.86 1.864 NA
26
EXHIBIT 2
INDUSTRY MULTIPLES
PRICING DATA AS OF OCTOBER 5, 1998
-----------------------------------------------
Current Price in Relation to
-----------------------------------------------
Current Current
Stock Market Price/
Price Value Earnings LTM EPS LTM Core EPS
Ticker Short Name ($) ($M) (x) (x) (x)
- ----------------------------------------------------------------------------------------------------------------------------------
EBSI Eagle Bancshares 18.000 104.58 9.00 12.24 12.59
EFBC Empire Federal Bancorp Inc. 13.000 32.25 19.12 19.40 19.40
EFBI Enterprise Federal Bancorp 38.000 84.02 30.65 32.76 38.38
EFC EFC Bancorp Inc. 10.125 75.85 NA NA NA
EGLB Eagle BancGroup Inc. 14.500 16.21 20.14 26.36 76.32
EMLD Emerald Financial Corp. 10.188 104.67 14.98 15.92 17.27
EQSB Equitable Federal Savings Bank 23.750 29.17 14.48 13.65 14.31
ESBF ESB Financial Corp. 16.063 86.56 14.87 15.45 15.6
ESBK Elmira Savings Bank (The) 23.000 16.71 13.37 15.33 18.70
ESX Essex Bancorp Inc. 2.125 2.25 NM NM NM
ETFS East Texas Financial Services 13.250 19.40 41.41 30.81 35.81
FAB FIRSTFED AMERICA BANCORP INC. 13.000 102.16 14.77 15.12 18.57
FBBC First Bell Bancorp Inc. 15.000 97.47 11.36 11.72 11.81
FBCI Fidelity Bancorp Inc. 19.000 53.84 14.84 NA NA
FBCV 1ST Bancorp 42.000 46.04 25.61 24.28 34.43
FBER 1st Bergen Bancorp 19.000 49.12 20.65 22.62 22.62
FBHC Fort Bend Holding Corp. 19.500 35.43 20.31 20.74 30.95
FBNW FirstBank Corp. 16.000 30.15 16.00 NA NA
FBSI First Bancshares Inc. 12.625 27.95 16.61 14.85 15.03
FCB Falmouth Bancorp Inc. 15.750 22.91 19.69 19.44 26.25
FCBF FCB Financial Corp. 24.000 92.57 13.33 13.33 15.09
FCBH Virginia Beach Fed. Financial 17.938 89.37 22.42 21.35 27.6
FCBK First Coastal Bankshares NA NA NA NA NA
FCME First Coastal Corp. 9.875 13.44 11.76 11.22 12.34
FDEF First Defiance Financial 11.875 96.87 14.84 17.99 18.85
FDTR Federal Trust Corp. 2.750 13.59 34.38 NA NA
FED FirstFed Financial Corp. 15.375 326.18 9.61 11.22 11.92
FESX First Essex Bancorp Inc. 14.938 112.97 10.67 11.23 12.99
FFBH First Federal Bancshares of AR 18.125 84.30 14.62 15.10 15.36
FFBI First Financial Bancorp Inc. 25.250 10.49 52.60 84.17 41.39
FFBS FFBS BanCorp Inc. 22.250 34.98 18.54 18.54 18.54
FFBZ First Federal Bancorp Inc. 10.000 31.51 17.86 20.00 21.28
FFCH First Financial Holdings Inc. 16.813 229.25 14.01 14.62 15.28
FFDB FirstFed Bancorp Inc. 11.000 26.78 18.33 16.67 16.67
FFDF FFD Financial Corp. 16.000 23.13 12.90 22.54 32.00
FFED Fidelity Federal Bancorp 5.250 16.42 10.10 NM NM
FFES First Federal of East Hartford 24.375 66.96 10.88 11.66 10.79
FFFD North Central Bancshares Inc. 16.625 51.59 11.88 12.50 13.09
FFHH FSF Financial Corp. 15.125 44.29 14.00 13.75 14.40
FFHS First Franklin Corp. 15.625 27.86 15.63 15.02 17.36
FFIC Flushing Financial Corp. 14.625 171.35 14.63 16.81 16.25
FFKY First Federal Financial Corp. 25.000 103.24 16.03 16.45 17.12
FFLC FFLC Bancorp Inc. 17.250 64.55 14.87 16.59 17.42
FFOH Fidelity Financial of Ohio 13.500 75.59 16.07 15.34 15.88
FFPB First Palm Beach Bancorp Inc. 31.125 160.16 33.83 19.95 37.50
FFSL First Independence Corp. 10.125 9.69 9.38 11.91 11.91
FFWC FFW Corp. 14.750 21.51 11.52 11.17 12.83
FFWD Wood Bancorp Inc. 15.375 41.28 17.47 17.88 21.96
FFYF FFY Financial Corp. 26.750 107.29 13.38 13.51 13.79
FGHC First Georgia Holding Inc. 9.250 44.39 23.13 24.34 24.34
FIBC Financial Bancorp Inc. 31.750 54.19 17.26 18.46 19.13
FISB First Indiana Corp. 20.250 258.82 14.46 14.26 20.25
FKAN First Kansas Financial Corp. 9.875 15.35 NA NA NA
FKFS First Keystone Financial 13.375 32.28 10.79 11.05 12.50
FKKY Frankfort First Bancorp Inc. 14.250 22.75 14.84 14.84 14.84
FLAG FLAG Financial Corp. 14.000 72.46 19.44 20.59 28.00
FLFC First Liberty Financial Corp. 18.438 246.49 24.26 25.26 22.76
FLGS Flagstar Bancorp Inc. 21.500 293.91 7.36 10.00 10.00
FLKY First Lancaster Bancshares 12.625 12.11 21.04 22.15 22.15
FMBD First Mutual Bancorp Inc. 16.500 58.25 25.78 39.29 50.00
FMCO FMS Financial Corp. 9.000 64.98 12.50 12.68 12.68
FMSB First Mutual Savings Bank 14.000 59.42 12.07 12.39 14.14
FNGB First Northern Capital Corp. 10.500 93.02 13.82 14.58 15.67
FPRY First Financial Bancorp NA NA NA NA NA
FSBI Fidelity Bancorp Inc. 20.000 39.48 13.89 14.08 14.39
FSFF First SecurityFed Financial 12.625 80.90 14.35 NA NA
FSLA First Source Bancorp Inc. 7.750 246.06 NA NA NA
FSNJ Bayonne Bancshares Inc. 13.250 120.50 27.60 NA NA
FSPT FirstSpartan Financial Corp. 28.000 117.85 14.89 NA NA
FSSB First FS&LA of San Bernardino 9.625 3.16 NM NM NM
FSTC First Citizens Corp. 26.000 72.73 14.77 14.61 17.22
FTF Texarkana First Financial Corp 21.875 38.01 11.16 11.89 12.5
FTFC First Federal Capital Corp. 13.875 257.15 14.45 14.45 24.34
FTNB Fulton Bancorp Inc. 17.000 29.23 30.36 24.29 31.48
FTSB Fort Thomas Financial Corp. 12.500 18.43 15.63 15.43 15.43
---------------------------------------------------
Current Price in Relation to
---------------------------------------------------
Current LTM
Price/ Tangible Dividend Dividend
Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (%) (%) (%) (%) (%)
- ------ --------------------------------------------------------------------------------------
EBSI 10.00 134.73 134.73 9.33 3.556 41.50
EFBC 19.12 83.23 83.23 30.16 2.462 45.52
EFBI 30.65 229.33 234.28 20.65 2.632 86.21
EFC NA 80.61 80.61 19.07 0.000 NA
EGLB 90.63 81.37 81.37 9.80 0.000 0.00
EMLD 15.92 199.37 201.74 16.95 1.374 20.31
EQSB 15.63 161.90 161.90 8.29 0.000 0.00
ESBF 15.45 135.67 151.97 9.52 2.241 32.25
ESBK 13.37 113.02 113.02 7.21 2.783 41.65
ESX NM NM 30.53 1.05 0.000 0.00
ETFS 55.21 96.29 96.29 16.64 0.000 34.86
FAB 18.06 82.49 82.49 8.17 1.538 5.81
FBBC 11.36 127.33 127.33 12.93 2.667 31.25
FBCI 14.84 101.23 101.39 10.73 0.000 NA
FBCV 55.26 192.22 195.99 17.63 0.635 15.24
FBER 20.65 140.85 140.85 16.33 1.474 23.81
FBHC 30.47 155.75 164.70 11.13 0.000 37.23
FBNW 44.44 96.79 96.79 16.32 2.000 NA
FBSI 16.61 114.67 119.55 16.23 0.950 12.94
FCB 28.13 96.98 96.98 20.73 1.524 27.16
FCBF 16.22 122.82 122.82 17.96 3.667 45.56
FCBH 32.03 200.20 200.20 14.29 1.338 25
FCBK NA NA NA NA NA NA
FCME 12.99 87.39 87.39 7.82 0.000 0.00
FDEF 15.63 93.80 93.80 16.64 3.032 53.03
FDTR 34.38 105.77 105.77 8.94 0.000 NA
FED 10.68 135.7 136.55 8.13 0 0
FESX 15.56 120.37 165.79 8.59 3.749 40.60
FFBH 15.10 103.81 103.81 15.27 1.545 21.67
FFBI NM 137.45 137.45 12.69 0.000 0
FFBS 18.54 147.64 147.64 25.92 2.247 208.33
FFBZ 19.23 191.20 191.20 15.19 1.600 27.00
FFCH 15.01 188.49 188.49 12.23 2.498 35.22
FFDB 18.33 150.48 162.96 14.88 2.545 37.88
FFDF 40.00 146.12 146.12 25.42 1.875 676.06
FFED 10.94 218.75 218.75 8.33 0.000 NM
FFES 10.88 94.73 94.73 6.82 2.790 30.62
FFFD 11.88 105.69 121.97 15.70 1.925 21.43
FFHH 15.76 92.39 92.39 10.71 3.306 45.45
FFHS 16.98 128.50 129.03 11.72 1.920 26.45
FFIC 14.63 122.59 127.28 15.69 1.641 21.45
FFKY 16.89 188.82 198.89 25.20 2.400 36.84
FFLC 14.87 122.25 122.25 15.65 2.087 31.15
FFOH 16.07 114.50 128.69 14.21 2.370 147.73
FFPB 77.81 132.33 135.09 9.06 2.249 43.27
FFSL 9.38 82.05 82.05 7.86 2.963 32.35
FFWC 20.49 112.42 122.20 10.58 2.847 28.41
FFWD 24.02 181.95 181.95 24.69 2.341 38.37
FFYF 13.93 127.38 127.38 16.46 2.991 39.14
FGHC 23.13 301.30 322.30 24.55 0.000 17.55
FIBC 18.04 188.65 189.44 15.89 0.000 26.16
FISB 23.01 161.48 163.17 14.78 2.370 30.99
FKAN NA 73.37 74.30 14.48 0.000 NA
FKFS 11.53 127.02 127.02 8.26 1.495 12.40
FKKY 14.84 101.64 101.64 17.16 5.614 81.25
FLAG 31.82 187.67 187.67 16.36 1.714 33.84
FLFC 21.95 210.00 229.33 16.31 1.627 39.49
FLGS 7.36 205.94 211.61 11.42 1.302 8.84
FLKY 21.04 85.71 85.71 22.52 4.752 87.72
FMBD 31.73 104.96 134.80 15.35 1.939 76.19
FMCO 12.50 158.17 159.29 9.62 1.333 14.07
FMSB 14.58 174.56 174.56 12.62 1.429 47.19
FNGB 15.44 123.67 123.67 13.47 3.429 47.22
FPRY NA NA NA NA NA 39.66
FSBI 14.71 140.55 140.55 9.97 0.000 21.55
FSFF 14.35 89.86 90.11 24.44 0.000 NA
FSLA NA 94.86 97.98 20.15 2.323 NA
FSNJ 27.60 125.71 125.71 17.21 1.887 NA
FSPT 16.28 94.69 94.69 23.01 2.143 NA
FSSB NM 70.36 73.03 3.05 0 0.00
FSTC 19.12 191.74 233.60 19.14 1.385 17.60
FTF 11.64 134.78 134.78 20.05 2.926 30.43
FTFC 34.69 216.12 227.09 16.22 2.018 26.04
FTNB 42.50 114.63 114.63 26.54 1.765 31.43
FTSB 15.63 113.12 113.12 18.18 2.000 37.04
27
EXHIBIT 2
INDUSTRY MULTIPLES
PRICING DATA AS OF OCTOBER 5, 1998
-----------------------------------------------
Current Price in Relation to
-----------------------------------------------
Current Current
Stock Market Price/
Price Value Earnings LTM EPS LTM Core EPS
Ticker Short Name ($) ($M) (x) (x) (x)
- ----------------------------------------------------------------------------------------------------------------------------------
FWWB First Washington Bancorp Inc. 22.500 262.05 17.58 17.72 19.4
GAF GA Financial Inc. 13.625 98.37 13.10 11.85 12.73
GDW Golden West Financial 77.750 4,478.37 9.67 11.19 11.43
GFCO Glenway Financial Corp. 19.000 43.57 14.39 16.38 16.38
GFED Guaranty Federal Bcshs Inc. 10.750 63.61 17.92 NA NA
GLMR Gilmer Financial Svcs, Inc. 14.125 2.70 NM 117.71 20.77
GOSB GSB Financial Corp. 11.875 26.70 37.11 NA NA
GPT GreenPoint Financial Corp. 27.500 2,293.03 12.73 14.03 13.75
GSB Golden State Bancorp Inc. 15.000 1,778.86 7.35 8.43 7.58
GSFC Green Street Financial Corp. 12.250 50.02 18.01 18.01 18.01
GSLA GS Financial Corp. 13.500 44.10 56.25 27.55 31.40
GTPS Great American Bancorp 17.875 26.97 24.83 29.3 29.3
GUPB GFSB Bancorp Inc. 14.000 15.50 17.5 18.42 18.42
HALL Hallmark Capital Corp. 11.750 34.53 11.75 12.11 13.06
HARB Harbor Florida Bancshares Inc. 9.625 295.87 13.37 NA NA
HARL Harleysville Savings Bank 29.375 49.21 14.12 14.54 14.54
HAVN Haven Bancorp Inc. 12.563 111.17 24.16 12.82 12.20
HBBI Home Building Bancorp 24.000 7.48 25.00 21.05 22.02
HBEI Home Bancorp of Elgin Inc. 13.125 89.98 29.83 33.65 33.65
HBFW Home Bancorp 26.750 62.89 20.27 20.90 21.40
HBNK Highland Bancorp Inc. 37.875 82.55 11.99 12.50 14.19
HBS Haywood Bancshares Inc. 17.750 22.19 NM 15.71 10.03
HBSC Heritage Bancorp Inc. 16.000 74.06 NA NA NA
HCBB HCB Bancshares Inc. 10.625 28.10 33.20 NA NA
HCBC High Country Bancorp Inc. 12.000 15.87 20.00 NA NA
HCFC Home City Financial Corp. 13.000 11.76 12.50 12.75 12.75
HEMT HF Bancorp Inc. 15.375 98.23 NM NM 139.77
HFBC HopFed Bancorp Inc. 15.750 63.53 18.75 NA NA
HFFB Harrodsburg First Fin Bancorp 15.375 29.62 18.30 18.98 18.98
HFFC HF Financial Corp. 14.250 62.63 9.38 10.04 11.59
HFGI Harrington Financial Group 9.000 28.92 NM NM NM
HFSA Hardin Bancorp Inc. 16.500 13.47 17.93 16.02 18.13
HFWA Heritage Financial Corp. 10.250 101.52 21.35 NA NA
HHFC Harvest Home Financial Corp. 12.875 11.32 18.93 21.46 22.59
HIFS Hingham Instit. for Savings 24.750 32.41 11.25 11.79 11.90
HLFC Home Loan Financial Corp. 12.750 28.67 21.25 NA NA
HMLK Hemlock Federal Financial Corp 14.000 27.51 15.91 16.09 16.28
HMNF HMN Financial Inc. 14.250 77.14 25.45 16.19 22.62
HOMF Home Federal Bancorp 22.250 114.35 12.36 11.71 14.93
HPBC Home Port Bancorp Inc. 20.000 36.84 9.43 11.70 10.53
HRBF Harbor Federal Bancorp Inc. 19.750 36.79 18.29 20.15 20.79
HRBT Hudson River Bancorp 10.000 178.54 NA NA NA
HRZB Horizon Financial Corp. 12.750 95.47 11.38 11.49 11.81
HSTD Homestead Bancorp Inc. 7.750 11.41 NA NA NA
HTHR Hawthorne Financial Corp. 13.875 71.98 6.19 9.07 7.71
HWEN Home Financial Bancorp 7.750 7.00 16.15 16.49 21.53
HZFS Horizon Financial Svcs Corp. 15.375 13.53 NM 22.28 18.75
ICBC Independence Comm. Bank Corp. 13.000 988.57 21.67 NA NA
IFSB Independence Federal Svgs Bank 14.625 18.74 2.49 5.69 22.16
INBI Industrial Bancorp Inc. 17.500 87.76 15.09 15.91 15.91
IPSW Ipswich Savings Bank 12.500 29.87 13.02 12.02 12.02
ITLA ITLA Capital Corp. 12.063 92.89 6.56 7.01 7.01
IWBK InterWest Bancorp Inc. 22.125 346.65 27.66 15.80 17.99
JSB JSB Financial Inc. 49.938 492.07 8.38 11.00 13.07
JSBA Jefferson Savings Bancorp Inc. 14.500 145.55 20.14 16.11 18.59
JXVL Jacksonville Bancorp Inc. 15.875 38.45 12.80 12.6 12.6
KFBI Klamath First Bancorp 16.500 163.63 15.87 17.74 17.93
KNK Kankakee Bancorp Inc. 26.500 36.57 16.16 13.66 14.25
KSAV KS Bancorp Inc. NA NA NA NA NA
KSBK KSB Bancorp Inc. 14.125 17.78 10.39 10.02 10.24
KYF Kentucky First Bancorp Inc. 12.875 15.41 20.12 17.17 17.40
LARK Landmark Bancshares Inc. 20.875 31.16 14.91 14.80 17.54
LARL Laurel Capital Group Inc. 18.000 39.71 13.64 13.64 13.33
LFBI Little Falls Bancorp Inc. 14.000 34.69 15.91 17.50 17.50
LFCO Life Financial Corp. 3.750 24.58 5.51 1.87 1.79
LO Local Financial Corp. 8.625 177.13 9.80 NA NA
LOGN Logansport Financial Corp. 14.750 18.61 14.75 14.75 14.46
LONF London Financial Corp. 15.25 7.78 15.25 17.73 19.06
LSBI LSB Financial Corp. 28.500 27.10 14.25 15.08 17.48
LSBX Lawrence Savings Bank 10.500 45.46 6.40 5.17 5.25
LVSB Lakeview Financial Corp. 22.000 107.37 9.02 9.65 22.22
LXMO Lexington B&L Financial Corp. 13.000 13.11 21.67 20.97 20.97
MAFB MAF Bancorp Inc. 22.375 505.86 13.32 14.07 14.72
MARN Marion Capital Holdings 23.375 39.84 16.23 18.41 18.41
MASB MASSBANK Corp. 37.000 133.21 12.67 12.67 14.68
---------------------------------------------------
Current Price in Relation to
---------------------------------------------------
Current LTM
Price/ Tangible Dividend Dividend
Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (%) (%) (%) (%) (%)
- ------ --------------------------------------------------------------------------------------
FWWB 19.4 137.61 166.54 19.32 1.600 22.90
GAF 14.19 91.20 92.06 11.74 0.000 43.48
GDW 10.80 153.17 153.17 11.46 0.643 6.98
GFCO 14.84 148.44 149.61 14.30 2.316 35.34
GFED 17.92 89.51 89.51 25.75 2.977 NA
GLMR NM 71.05 71.05 6.41 0.000 0.00
GOSB 37.11 83.04 83.04 20.68 1.011 NA
GPT 12.73 155.81 275.55 17.84 2.327 29.08
GSB 6.94 74.11 88.29 4.59 0.000 330.06
GSFC 18.01 82.71 82.71 28.87 3.918 88.24
GSLA 56.25 84.32 84.32 30.38 2.074 57.14
GTPS 24.83 104.72 104.72 19.14 2.462 67.21
GUPB 17.5 114.85 114.85 13.24 2.143 36.20
HALL 13.35 97.59 97.59 7.86 0.000 0
HARB 14.15 114.45 115.69 22.44 2.701 NA
HARL 14.12 194.02 194.02 12.45 0.000 21.29
HAVN 15.70 94.25 98.61 4.91 2.388 30.61
HBBI 27.27 116.45 116.45 17.63 1.250 26.32
HBEI 29.83 93.75 93.75 24.47 3.048 102.56
HBFW 20.27 146.41 146.41 17.46 1.196 21.88
HBNK 11.99 195.64 195.64 15.39 1.320 8.25
HBS 13.45 100.40 103.68 14.63 3.380 52.21
HBSC NA 78.20 78.20 24.62 1.875 NA
HCBB 33.20 73.53 74.40 12.68 2.259 NA
HCBC 20.00 86.83 86.83 15.78 0.000 NA
HCFC 12.50 108.60 108.60 15.07 0.000 377.45
HEMT NM 116.92 136.67 9.36 0.000 0.00
HFBC 18.75 108.92 108.92 29.16 1.905 NA
HFFB 18.30 95.02 95.02 27.22 2.602 74.07
HFFC 13.70 110.64 110.64 10.99 0.000 19.72
HFGI NM 130.06 130.06 6.09 1.333 NM
HFSA 19.64 100.00 100.00 10.10 3.636 49.51
HFWA 32.03 105.45 116.08 23.80 1.756 NA
HHFC 22.99 110.04 110.04 11.78 3.417 71.67
HIFS 11.67 143.15 143.15 13.49 1.616 30.48
HLFC 21.25 90.81 90.81 34.99 0.392 NA
HMLK 16.67 94.53 94.53 14.31 2.286 29.89
HMNF 23.75 109.28 119.05 10.67 1.684 4.55
HOMF 15.89 170.76 175.20 15.89 0.000 19.52
HPBC 9.43 162.34 162.34 14.14 4.000 46.78
HRBF 18.29 123.90 123.90 15.61 2.633 46.39
HRBT NA NA NA NA 0.000 NA
HRZB 12.26 111.84 111.84 17.26 3.451 75.68
HSTD NA NA NA NA 2.581 NA
HTHR 6.19 92.07 92.07 3.66 0.000 0.00
HWEN 24.22 95.92 95.92 16.92 1.290 21.28
HZFS 18.30 159.33 159.33 15.04 1.171 25.36
ICBC 21.67 102.93 109.06 20.65 0.000 NA
IFSB 8.50 88.53 96.92 7.05 1.709 9.73
INBI 15.09 143.56 143.56 22.92 3.429 50
IPSW 13.02 228.94 228.94 12.78 1.280 14.42
ITLA 6.56 87.1 87.35 9.09 0.000 0
IWBK 19.75 206.39 212.95 14.74 2.531 34.76
JSB 9.83 129.21 129.21 31.41 3.204 33.04
JSBA 22.66 111.28 137.44 11.64 1.931 28.89
JXVL 12.80 109.63 109.63 15.84 3.150 39.68
KFBI 16.50 103.00 112.47 16.22 2.182 36.02
KNK 17.43 93.21 109.10 9.10 0.000 24.74
KSAV NA NA NA NA NA 63.46
KSBK 10.39 141.68 161.24 11.27 0.000 3.55
KYF 20.12 110.90 110.90 19.48 3.883 66.67
LARK 20.07 107.94 107.94 14.10 0.000 39.01
LARL 11.84 167.75 167.75 17.85 3.333 32.83
LFBI 15.91 93.90 101.23 9.87 1.714 25.00
LFCO 5.51 41.16 41.16 5.20 0.000 0.00
LO 10.27 172.16 186.29 9.30 0.000 NA
LOGN 14.75 109.58 109.58 20.61 2.983 41.00
LONF 15.89 149.07 149.07 20.52 1.574 609.30
LSBI 18.27 139.30 139.30 12.43 1.404 18.65
LSBX 6.56 109.15 109.15 13.17 0.000 0.00
LVSB 42.31 189.66 282.78 18.08 1.136 8.23
LXMO 21.67 85.70 91.87 13.76 2.308 48.39
MAFB 14.34 180.44 202.12 14.15 1.251 13.21
MARN 16.23 105.82 108.12 20.54 3.765 69.29
MASB 14.92 121.55 123.17 14.30 0.000 33.56
28
EXHIBIT 2
INDUSTRY MULTIPLES
PRICING DATA AS OF OCTOBER 5, 1998
-----------------------------------------------
Current Price in Relation to
-----------------------------------------------
Current Current
Stock Market Price/
Price Value Earnings LTM EPS LTM Core EPS
Ticker Short Name ($) ($M) (x) (x) (x)
- ----------------------------------------------------------------------------------------------------------------------------------
MBBC Monterey Bay Bancorp Inc. 12.750 50.02 NM 39.84 39.84
MBLF MBLA Financial Corp. 18.250 22.76 14.72 12.67 12.85
MBSP Mitchell Bancorp Inc. 15.500 14.53 55.36 31.00 31.00
MCBN Mid-Coast Bancorp Inc. 8.500 6.06 21.25 13.93 16.04
MDBK Medford Bancorp Inc. 16.250 144.78 11.95 12.90 13.66
MECH MECH Financial Inc. 23.500 124.44 12.50 14.51 14.60
METF Metropolitan Financial Corp. 10.125 71.39 14.06 10.89 12.66
MFBC MFB Corp. 19.500 31.01 16.25 15.12 15.48
MFFC Milton Federal Financial Corp. 12.563 28.10 14.96 17.69 22.04
MFLR Mayflower Co-operative Bank 17.500 15.74 12.15 10.74 13.16
MIFC Mid-Iowa Financial Corp. 13.750 23.85 18.09 17.86 18.09
MIVI Mississippi View Holding Co. 20.000 14.80 20.83 21.05 21.28
MONT Montgomery Financial Corp. 11.375 18.80 14.97 NA NA
MRKF Market Financial Corp. 11.625 15.53 24.22 22.79 22.79
MSBF MSB Financial Inc. 14.000 18.68 13.46 14.89 17.28
MSBK Mutual Savings Bank FSB 7.375 31.64 13.17 NM NM
MWBI Midwest Bancshares Inc. 12.750 13.40 8.61 9.73 12.14
MWBX MetroWest Bank 6.063 86.41 10.83 11.23 11.23
MYST Mystic Financial Inc. 11.000 28.31 15.28 NA NA
NASB NASB Financial Inc. 65.500 146.70 11.70 12.17 14.92
NBN Northeast Bancorp 9.125 23.86 8.45 10.61 11.55
NBSI North Bancshares Inc. 11.625 14.80 58.13 35.23 38.75
NEIB Northeast Indiana Bancorp 17.250 28.00 11.35 12.15 12.15
NEP Northeast PA Financial Corp. 10.250 65.88 NA NA NA
NHTB New Hampshire Thrift Bncshrs 13.000 27.23 9.29 9.56 10.24
NMSB NewMil Bancorp Inc. 12.000 46.01 14.29 16.22 20.69
NSLB NS&L Bancorp Inc. 14.750 9.57 16.03 22.01 22.69
NSSY NSS Bancorp Inc. 42.500 101.07 23.10 18.16 22.37
NTBK Net.B@nk Inc. 16.375 100.67 8.03 NM NM
NTMG Nutmeg Federal S&LA 13.000 14.00 18.06 23.64 50
NWEQ Northwest Equity Corp. 18.750 15.47 12.02 12.67 13.59
OCFC Ocean Financial Corp. 14.000 215.38 15.22 14.58 14.58
OCN Ocwen Financial Corp. 6.125 372.23 NM 13.32 47.12
OFCP Ottawa Financial Corp. 21.500 122.21 14.93 16.93 18.86
OHSL OHSL Financial Corp. 14.000 34.95 15.91 16.47 17.72
OSFS Ohio State Financial Services 16.000 10.15 NA NA NA
OTFC Oregon Trail Financial Corp. 12.000 56.34 16.67 NA NA
PBCI Pamrapo Bancorp Inc. 25.500 72.49 17.23 15.36 15.94
PBKB People's Bancshares Inc. 17.000 56.37 9.44 10.37 25.76
PBOC PBOC Holdings Inc. 10.250 224.23 NM NA NA
PCBC Perry County Financial Corp. 19.625 16.25 18.87 18.34 18.34
PDB Piedmont Bancorp Inc. 9.625 26.48 16.04 15.78 16.31
PEDE Great Pee Dee Bancorp 11.875 26.15 21.21 NA NA
PEEK Peekskill Financial Corp. 14.500 41.43 21.32 21.97 21.64
PERM Permanent Bancorp Inc. 11.500 48.87 20.54 18.85 19.83
PFDC Peoples Bancorp 20.625 69.61 17.19 16.37 16.37
PFED Park Bancorp Inc. 14.250 30.47 14.84 18.75 18.27
PFFB PFF Bancorp Inc. 14.500 223.88 12.95 14.36 15.59
PFFC Peoples Financial Corp. 11.000 14.87 19.64 17.19 29.73
PFNC Progress Financial Corp. 13.063 65.34 15.55 15.74 17.89
PFSB PennFed Financial Services Inc 12.250 113.14 10.94 10.56 10.94
PFSL Pocahontas Bancorp Inc. 8.500 56.82 NA NA NA
PHBK Peoples Heritage Finl Group 16.375 1,436.29 45.49 15.16 12.60
PHFC Pittsburgh Home Financial Corp 13.125 24.95 12.15 11.31 12.62
PRBC Prestige Bancorp Inc. 13.500 13.49 16.88 18.75 19.57
PROV Provident Financial Holdings 15.250 70.54 14.12 13.74 33.15
PSBI PSB Bancorp Inc. 7.500 23.26 NA NA NA
PSFC Peoples-Sidney Financial Corp. 16.500 29.29 29.46 22.3 22.3
PSFI PS Financial Inc. 11.375 22.16 14.97 24.73 16.73
PTRS Potters Financial Corp. 13.875 12.83 12.85 14.30 15.77
PULS Pulse Bancorp 27.250 85.03 15.84 15.84 15.84
PVFC PVF Capital Corp. 11.500 45.89 11.50 9.58 10.27
PVSA Parkvale Financial Corp. 27.750 143.54 12.85 13.21 13.21
PWBK Pennwood Bancorp Inc. 9.750 6.80 121.88 23.78 26.35
QCBC Quaker City Bancorp Inc. 14.563 84.86 11.74 12.77 13.00
QCFB QCF Bancorp Inc. 27.250 36.00 11.35 11.85 12.17
QCSB Queens County Bancorp Inc. 25.000 553.79 19.53 21.74 21.93
RARB Raritan Bancorp Inc. 32.000 75.95 20.00 20.38 20.38
RCBK Richmond County Financial Corp 13.750 363.32 15.63 NA NA
RELI Reliance Bancshares Inc. 8.875 21.26 44.38 36.98 38.59
RELY Reliance Bancorp Inc. 26.750 245.20 14.54 13.44 14.15
RIVR River Valley Bancorp 14.500 17.26 12.95 12.61 14.22
ROSE TR Financial Corp. 23.813 419.78 9.60 10.73 12.60
RSLN Roslyn Bancorp Inc. 15.500 641.70 12.11 13.14 13.84
RVSB Riverview Bancorp Inc. 13.750 85.06 16.37 NA NA
--------------------------------------------------------
Current Price in Relation to
--------------------------------------------------------
Current LTM
Price/ Tangible Dividend Dividend
Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (%) (%) (%) (%) (%)
- ------ --------------------------------------------------------------------------------------
MBBC 159.38 99.69 108.88 11.47 0.941 32.5
MBLF 15.21 81.73 81.73 11.20 3.288 34.72
MBSP 55.36 98.60 98.60 38.67 0.000 80.00
MCBN 30.36 115.65 115.65 9.28 2.353 30.61
MDBK 13.54 142.67 150.32 12.75 2.462 37.30
MECH 12.50 134.21 134.21 13.03 0.000 9.26
METF 16.88 180.48 194.71 6.74 0.000 0.00
MFBC 16.81 93.70 93.70 10.66 1.744 25.58
MFFC 22.43 99.86 99.86 11.95 4.776 84.51
MFLR 16.20 119.29 121.02 11.01 4.571 45.40
MIFC 18.09 177.88 178.11 17.66 0.582 10.39
MIVI 20.83 118.69 118.69 21.57 1.600 16.84
MONT 14.97 93.70 93.70 16.05 1.934 NA
MRKF 24.22 98.68 98.68 28.94 2.409 741.18
MSBF 15.91 140.70 140.70 23.43 2.143 28.04
MSBK 26.34 92.77 92.77 5.15 0.000 0.00
MWBI 12.26 117.51 117.51 8.40 2.510 18.32
MWBX 10.83 178.85 178.85 13.12 3.299 31.48
MYST 16.18 82.52 82.52 14.98 1.818 NA
NASB 13.21 235.36 242.41 19.98 1.527 14.87
NBN 8.77 98.86 107.48 7.40 2.323 24.72
NBSI 72.66 110.19 110.19 11.92 3.441 109.09
NEIB 11.35 107.34 107.34 14.00 1.971 23.59
NEP NA 71.33 71.33 13.79 0.000 NA
NHTB 10.16 103.17 118.07 8.40 4.615 40.44
NMSB 75.00 137.77 137.77 12.52 0.000 40.54
NSLB 17.56 87.38 88.01 16.15 3.390 74.63
NSSY 25.30 183.27 187.89 15.51 1.224 18.38
NTBK 8.03 269.77 272.46 40.79 0.000 0.00
NTMG 25.00 205.70 205.70 12.48 1.538 34.09
NWEQ 13.02 131.67 131.67 16.04 0.000 39.19
OCFC 15.91 103.17 103.70 14.14 3.429 43.75
OCN NM 87.13 95.26 10.62 0.000 0.00
OFCP 17.92 162.51 198.34 13.36 1.860 27.98
OHSL 17.50 127.04 127.04 14.10 3.571 53.53
OSFS NA 97.15 97.15 26.32 0.000 NA
OTFC 16.67 75.52 75.52 21.97 1.667 NA
PBCI 17.23 147.40 148.17 18.39 4.392 63.86
PBKB 28.33 173.65 181.24 6.57 3.294 28.66
PBOC NM 121.59 121.59 7.00 0.000 NA
PCBC 18.87 98.03 98.03 18.10 2.548 46.73
PDB 18.51 122.61 122.61 20.28 4.987 68.85
PEDE 21.21 83.10 83.10 38.23 3.032 NA
PEEK 21.32 97.18 97.18 20.96 2.483 54.55
PERM 22.12 109.32 134.03 9.64 2.087 44.26
PFDC 17.19 151.99 151.99 22.75 2.327 34.66
PFED 14.84 86.10 86.10 17.51 0.000 0.00
PFFB 13.94 97.18 98.24 7.82 0.000 0.00
PFFC 27.5 101.01 101.01 17.51 5.455 863.28
PFNC 17.19 164.31 184.25 11.38 1.167 13.61
PFSB 10.94 103.20 118.59 7.41 1.143 12.07
PFSL NA 97.25 100.47 14.04 2.824 NA
PHBK 12.41 198.24 238.70 14.68 2.687 38.89
PHFC 12.15 100.04 101.12 6.94 1.829 236.21
PRBC 17.76 89.17 89.17 8.62 0.000 19.33
PROV 63.54 85.43 85.43 9.07 0.000 0.00
PSBI NA NA NA NA 0.000 NA
PSFC 29.46 137.96 137.96 27.82 1.697 575.68
PSFI 15.80 100.84 100.84 27.01 4.220 965.22
PTRS 15.77 120.76 120.76 10.30 0.000 21.13
PULS 15.84 185.25 185.25 15.63 2.936 45.06
PVFC 12.50 147.06 147.06 10.59 0.000 0.00
PVSA 12.85 170.77 171.61 13.10 2.162 26.67
PWBK 121.88 79.01 79.01 14.76 2.872 64.63
QCBC 11.74 109.83 109.83 9.56 0.000 0.00
QCFB 12.17 136.73 136.73 23.92 0.000 0.00
QCSB 19.53 287.03 287.03 32.67 2.667 47.34
RARB 20.00 238.45 241.33 17.47 1.875 34.39
RCBK 15.63 110.53 110.89 22.77 1.745 NA
RELI 55.47 95.02 95.02 50.28 0.000 0
RELY 14.54 131.32 188.25 10.29 2.692 34.17
RIVR 13.94 93.37 94.52 12.72 1.517 16.96
ROSE 12.15 154.43 154.43 10.14 3.360 29.73
RSLN 12.92 107.94 108.39 16.65 2.581 25
RVSB 17.19 129.59 133.75 31.67 1.745 NA
29
EXHIBIT 2
INDUSTRY MULTIPLES
PRICING DATA AS OF OCTOBER 5, 1998
----------------------------------------------
Current Price in Relation to
----------------------------------------------
Current Current
Stock Market Price/
Price Value Earnings LTM EPS LTM Core EPS
Ticker Short Name ($) ($M) (x) (x) (x)
- ----------------------------------------------------------------------------------------------------------------------------------
SBAN SouthBanc Shares Inc. 16.750 72.13 NA NA NA
SBOS Boston Bancorp (The) NA NA NA NA NA
SCBS Southern Community Bancshares 14.000 15.92 12.07 15.56 15.38
SCCB S. Carolina Community Bancshrs 16.750 9.71 NA 24.63 24.63
SFED SFS Bancorp Inc. 27.250 32.93 26.20 27.25 28.09
SFFC StateFed Financial Corp. 10.250 15.93 16.02 15.53 15.53
SFIN Statewide Financial Corp. 17.250 75.21 14.87 13.69 14.38
SFSL Security First Corp. 19.500 153.80 15.73 16.81 16.81
SGVB SGV Bancorp Inc. 12.500 27.88 18.38 20.83 21.19
SHSB SHS Bancorp Inc. 17.750 14.55 16.44 NA NA
SIB Staten Island Bancorp Inc. 17.125 772.86 15.86 NA NA
SISB SIS Bancorp Inc. 34.750 243.85 14.48 18.89 15.17
SKAN Skaneateles Bancorp Inc. 13.500 19.50 12.05 12.74 12.98
SMBC Southern Missouri Bancorp Inc. 16.250 22.94 25.39 24.25 23.21
SOBI Sobieski Bancorp Inc. 15.000 11.73 15.63 20.00 20.55
SOPN First Savings Bancorp Inc. 22.250 82.87 16.86 17.12 17.12
SPBC St. Paul Bancorp Inc. 20.750 841.79 14.41 14.61 15.04
SRN Southern Banc Co. 13.563 16.69 24.22 27.68 27.68
SSB Scotland Bancorp Inc. 11.063 21.17 34.57 22.13 22.13
SSFC South Street Financial Corp. 8.250 38.58 34.38 27.50 NA
SSM Stone Street Bancorp Inc. 15.375 27.73 24.02 19.22 19.22
STFR St. Francis Capital Corp. 35.750 182.71 12.95 13.34 16.55
STSA Sterling Financial Corp. 16.000 121.69 NM 18.18 12.80
SVRN Sovereign Bancorp Inc. 11.250 1,785.36 10.42 18.75 13.55
SWCB Sandwich Bancorp Inc. 57.250 116.99 25.56 23.18 24.68
SZB SouthFirst Bancshares Inc. 16.500 15.96 41.25 22.60 25.00
TBFC Telebanc Financial Corp. 13.500 166.91 NM 33.75 NA
THR Three Rivers Financial Corp. 16.250 12.73 14.51 15.19 16.93
THRD TF Financial Corp. 17.500 55.85 14.58 14 16.99
THTL Thistle Group Holdings Co. 8.875 79.87 NA NA NA
TRIC Tri-County Bancorp Inc. 12.000 14.01 16.67 16.67 16.22
TSBK Timberland Bancorp Inc. 11.938 74.99 12.44 NA NA
TSBS Peoples Bancorp Inc. 8.688 315.60 NA NA NA
TSH Teche Holding Co. 15.000 46.43 12.10 12.82 13.04
TWIN Twin City Bancorp 12.875 15.98 15.33 14.47 17.88
UBMT United Financial Corp. 22.375 38.00 16.45 33.40 NA
UCBC Union Community Bancorp 11.750 35.74 18.36 NA NA
UCFC United Community Finl Corp. 13.625 455.97 NA NA NA
UFBS Union Financial Bcshs Inc. 14.000 17.86 11.67 11.97 15.05
UFRM United Federal Savings Bank 17.250 56.64 26.95 30.26 35.94
UPFC United PanAm Financial Corp. 5.125 88.53 4.93 NA NA
USAB USABancshares Inc. 8.500 17.02 9.66 85.00 38.64
UTBI United Tennessee Bankshares 10.750 15.64 13.44 NA NA
WAMU Washington Mutual Inc. 29.625 11,471.83 10.73 18.06 12.40
WBST Webster Financial Corp. 21.750 833.44 22.66 13.02 11.82
WCBI Westco Bancorp Inc. 30.750 76.45 19.22 17.47 18.52
WEFC Wells Financial Corp. 16.000 29.37 12.12 12.70 13.79
WEHO Westwood Homestead Fin. Corp. 10.500 26.87 14.58 27.63 NA
WES Westcorp 7.688 202.94 96.10 27.46 NM
WFI Winton Financial Corp. 12.500 50.18 12.5 13.3 17.36
WFSL Washington Federal Inc. 24.250 1,272.11 11.23 11.55 11.89
WHGB WHG Bancshares Corp. 11.375 15.80 18.96 23.7 23.21
WOFC Western Ohio Financial Corp. 20.313 46.67 24.18 156.25 156.25
WRNB Warren Bancorp Inc. 9.000 71.19 11.25 11.39 12.68
WSB Washington Savings Bank, FSB 4.375 19.34 12.15 10.17 14.58
WSBI Warwick Community Bancorp 12.250 80.93 15.31 NA NA
WSFS WSFS Financial Corp. 15.250 191.00 10.89 11.3 11.64
WSTR WesterFed Financial Corp. 19.500 108.98 13.93 15.12 15.12
WVFC WVS Financial Corp. 15.313 55.39 20.15 15.63 14.45
WYNE Wayne Bancorp Inc. 28.625 57.63 23.85 28.63 29.51
YFCB Yonkers Financial Corp. 14.750 40.21 13.66 13.66 15.21
YFED York Financial Corp. 17.750 159.18 17.07 16.75 21.13
All Fully Converted Average 179.03 18.17 17.90 19.65
All Fully Converted Median 46.24 14.98 15.55 16.78
---------------------------------------------
Current Price in Relation to Current LTM
---------------------------------------------
Price/ Tangible Dividend Dividend
Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (%) (%) (%) (%) (%)
- ------ --------------------------------------------------------------------------------------
SBAN NA 94.53 94.53 19.62 2.866 NA
SBOS NA NA NA NA NA 10.89
SCBS 12.07 135.14 135.14 23.44 2.143 302.78
SCCB NA 103.14 103.14 20.23 3.821 94.12
SFED 26.20 150.30 150.30 18.49 1.174 30.00
SFFC 16.02 99.81 99.81 17.87 1.951 30.30
SFIN 17.97 118.88 119.05 11.55 3.014 34.92
SFSL 15.73 222.35 225.17 22.02 1.846 28.45
SGVB 18.38 91.04 92.11 7.19 0.000 0.00
SHSB 20.17 118.89 118.89 16.46 0.000 NA
SIB 15.86 108.73 111.49 25.60 1.869 NA
SISB 15.24 187.13 187.13 13.14 0.000 32.61
SKAN 12.50 106.30 108.87 7.31 2.074 25.79
SMBC 18.47 100.06 100.06 15.47 0.000 74.63
SOBI 16.30 83.24 83.24 12.39 2.133 42.67
SOPN 16.86 118.79 118.79 27.15 4.494 72.31
SPBC 15.26 162.75 163.39 15.62 2.892 28.17
SRN 24.22 89.88 90.54 15.88 0.000 71.43
SSB 34.57 138.98 138.98 34.66 1.808 NM
SSFC 34.38 97.06 97.06 18.94 4.848 NM
SSM 24.02 92.4 92.4 25.25 2.992 56.88
STFR 15.41 138.67 155.03 10.41 0.000 20.15
STSA 11.43 115.11 292.50 5.86 0.000 0.00
SVRN 12.23 160.26 181.74 9.10 0.711 12.23
SWCB 28.06 262.49 270.05 22.03 2.445 54.66
SZB 58.93 98.51 101.04 9.79 3.636 75.34
TBFC NA 201.19 216.00 5.02 0.000 0.00
THR 16.93 100.31 100.62 12.87 2.708 39.25
THRD 18.23 98.09 115.59 8.10 2.743 35.2
THTL NA NA NA NA 2.254 NA
TRIC 17.65 98.44 98.44 16.19 3.667 53.47
TSBK 12.98 92.69 92.69 30.00 2.010 NA
TSBS NA 92.43 95.26 36.12 1.151 NA
TSH 12.50 90.36 90.36 12.51 3.333 42.74
TWIN 17.88 114.04 114.04 14.45 3.107 45.70
UBMT 16.95 125.49 129.86 18.51 4.469 NA
UCBC 18.36 82.11 82.11 33.07 3.234 NA
UCFC NA NA NA NA 0.000 NA
UFBS 15.22 121.11 NA 9.75 2.657 23.36
UFRM 28.75 241.94 241.94 18.76 1.391 42.11
UPFC NM 107.89 108.35 21.50 0.000 NA
USAB 9.66 136.88 137.76 12.64 0.000 0.00
UTBI 13.44 77.73 77.73 21.01 0.000 NA
WAMU 11.05 198.96 211.46 11.09 2.791 46.34
WBST 14.70 151.99 179.31 9.07 2.023 24.55
WCBI 18.30 152.38 152.38 23.87 2.211 37.50
WEFC 13.79 103.69 103.69 15.93 3.750 40.48
WEHO 26.25 103.35 103.35 21.27 3.810 NM
WES NM 61.02 61.16 5.53 2.601 125.00
WFI 16.45 192.6 195.62 13.99 2.000 26.06
WFSL 11.66 164.63 177.27 22.88 3.794 41.78
WHGB 18.96 78.34 78.34 11.97 0.000 60.42
WOFC 36.27 89.96 96.18 13.06 4.923 769.23
WRNB 12.50 179.28 179.28 18.81 4.000 84.81
WSB 13.67 83.97 83.97 7.07 2.286 23.26
WSBI 12.76 93.94 93.94 19.72 1.306 NA
WSFS 11.21 200.13 201.19 12.31 0.787 2.22
WSTR 15.73 99.29 121.8 10.66 0.000 39.61
WVFC 14.18 167.91 167.91 18.65 3.918 153.06
WYNE 26.50 163.85 163.85 20.93 0.699 20.00
YFCB 18.44 98.93 98.93 10.18 0.000 24.07
YFED 21.13 145.73 145.73 12.95 2.930 47.17
20.69 126.18 131.30 15.42 1.78 53.82
16.64 111.09 118.33 14.43 1.88 30.99
30
EXHIBIT 2
INDUSTRY MULTIPLES
PRICING DATA AS OF OCTOBER 5, 1998
-----------------------------------------------
Current Price in Relation to
-----------------------------------------------
Current Current
Stock Market Price/ Price/
Price Value Earnings LTM EPS LTM Core EPS Core
Ticker Short Name ($) ($M) (x) (x) (x) (x)
- -----------------------------------------------------------------------------------------------------------------------------------
ALL MUTUAL HOLDING COMPANIES
ALLB Alliance Bank (MHC) 13.88 45.42 21.68 22.38 22.38 21.68
BCSB BCSB Bankcorp Inc. (MHC) 10.00 61.17 NA NA NA NA
BRKL Brookline Bancorp (MHC) 11.09 322.78 15.41 NA NA 18.49
CMSV Community Savings Bnkshrs(MHC) 19.00 96.90 19.00 18.81 20.43 19.00
FFFL Fidelity Bankshares Inc. (MHC) 22.75 154.76 19.61 19.78 24.46 25.85
FFSX First Fed SB of Siouxland(MHC) 23.50 66.74 17.28 19.75 20.26 20.26
GBNK Gaston Federal Bancorp (MHC) 10.25 46.09 NA NA NA NA
HARS Harris Financial Inc. (MHC) 13.00 441.54 25.00 24.07 37.14 32.50
JXSB Jacksonville Savings Bk (MHC) 14.50 27.67 27.88 27.88 43.94 40.28
LFED Leeds Federal Bankshares (MHC) 15.00 77.07 25.00 23.44 23.44 25.00
LIBB Liberty Bancorp Inc. (MHC) 9.00 35.11 NA NA NA NA
NBCP Niagara Bancorp Inc. (MHC) 9.50 282.68 NA NA NA NA
NWSB Northwest Bancorp Inc. (MHC) 10.25 480.12 21.35 22.78 23.84 23.30
PBCT People's Bank (MHC) 22.81 1,463.24 12.67 13.83 25.92 24.80
PBHC Pathfinder Bancorp Inc. (MHC) 12.88 36.45 26.82 25.25 32.19 29.26
PHSB Peoples Home Savings Bk (MHC) 14.25 39.33 25.45 NA NA 27.40
PLSK Pulaski Savings Bank (MHC) 11.75 24.77 36.72 23.98 22.60 24.48
PULB Pulaski Bank, FSB (MHC) 21.50 45.28 23.37 23.37 28.67 31.62
SBFL Finger Lakes Financial (MHC) 11.00 39.27 34.38 39.29 50.00 45.83
SKBO First Carnegie Deposit (MHC) 11.25 25.88 70.31 30.41 37.50 70.31
WAYN Wayne Savings Bancshares (MHC) 18.00 44.76 23.68 25.00 27.69 26.47
WCFB Webster City Federal SB (MHC) 15.25 32.24 23.83 23.83 23.83 23.83
WEBK West Essex Bancorp (MHC) 10.00 41.97 NA NA NA NA
All MHC's Average 14.37 170.92 26.08 23.99 29.02 29.46
All MHC's Median 13.00 45.42 23.76 23.64 25.19 25.43
FLORIDA FULLY CONVERTED
BANC BankAtlantic Bancorp Inc. 6.50 204.37 10.83 9.70 21.67 14.77
BKUNA BankUnited Financial Corp. 9.06 161.19 32.37 19.28 32.37 NM
FDTR Federal Trust Corp. 2.75 13.59 34.38 NA NA 34.38
FFPB First Palm Beach Bancorp Inc. 31.13 160.16 33.83 19.95 37.50 77.81
HARB Harbor Florida Bancshares Inc. 9.63 295.87 13.37 NA NA 14.15
OCN Ocwen Financial Corp. 6.13 372.23 NM 13.32 47.12 NM
Florida Fully Converted Average 201.24 24.96 15.56 34.67 35.28
Florida Fully Converted Median 182.78 32.37 16.30 34.94 24.58
FLORIDA MHC'S
CMSV Community Savings Bnkshrs(MHC) 19.00 96.90 19.00 18.81 20.43 19.00
FFFL Fidelity Bankshares Inc. (MHC) 22.75 154.76 19.61 19.78 24.46 25.85
Florida MHC's Average 125.83 19.31 19.30 22.45 22.43
Florida MHC's Median 125.83 19.31 19.30 22.45 22.43
---------------------------------
Current Price in Relation to
--------------------------------- Current LTM
Tangible Dividend Dividend
Book Value Book Value Assets Yield Payout Ratio
Ticker (%) (%) (%) (%) (%)
- ------ -------------------------------------------------------------
ALLB 153.15 153.15 16.37 0.00 58.06
BCSB NA NA NA 0.00 NA
BRKL 117.15 117.15 38.64 1.80 NA
CMSV 114.05 114.05 12.66 4.74 89.11
FFFL 171.31 176.36 10.54 4.40 78.26
FFSX 158.78 196.98 12.10 0.00 40.34
GBNK 112.14 112.14 22.75 1.95 NA
HARS 233.81 258.45 18.99 1.69 39.50
JXSB 154.58 154.58 16.30 2.07 56.10
LFED 158.06 158.06 25.74 3.73 85.42
LIBB NA NA NA 0.00 NA
NBCP 110.47 110.47 21.01 1.26 NA
NWSB 220.43 245.22 18.74 1.56 35.56
PBCT 170.63 198.03 16.07 3.68 46.06
PBHC 152.01 178.08 18.40 1.55 37.92
PHSB 137.02 137.02 17.35 1.97 NA
PLSK 111.59 111.59 13.19 2.55 61.22
PULB 181.13 181.13 24.22 5.12 119.57
SBFL 179.74 179.74 15.20 0.00 75.00
SKBO 105.83 105.83 17.77 2.67 101.35
WAYN 181.09 181.09 17.25 3.44 80.24
WCFB 141.86 141.86 33.20 0.00 125.00
WEBK NA NA NA 0.00 NA
153.24 160.55 19.32 1.92 70.54
153.87 156.32 17.56 1.80 68.11
BANC 93.39 120.82 6.35 1.54 NM
BKUNA 88.08 105.38 4.50 0.00 0.00
FDTR 105.77 105.77 8.94 0.00 NA
FFPB 132.33 135.09 9.06 2.25 43.27
HARB 114.45 115.69 22.44 2.70 NA
OCN 87.13 95.26 10.62 0.00 0.00
103.53 113.00 10.32 1.08 14.42
99.58 110.73 9.00 0.77 0.00
CMSV 114.05 114.05 12.66 4.74 89.11
FFFL 171.31 176.36 10.54 4.40 78.26
142.68 145.21 11.60 4.57 83.69
142.68 145.21 11.60 4.57 83.69
31
EXHIBIT 2
INDUSTRY MULTIPLES
PRICING DATA AS OF OCTOBER 5, 1998
----------------------------------------------
Current Price in Relation to
Current Current ----------------------------------------------
Stock Market Price/ Price/
Price Value Earnings LTM EPS LTM Core EPS Core
Ticker Short Name ($) ($M) (x) (x) (x) (x)
- ---------------------------------------------------------------------------------------------------------------------------------
COMPARABLE GROUP
ANDB Andover Bancorp Inc. 28.38 183.89 9.09 12.07 12.39 9.33
EBSI Eagle Bancshares 18.00 104.58 9.00 12.24 12.59 10.00
FAB FIRSTFED AMERICA BANCORP INC. 13.00 102.16 14.77 15.12 18.57 18.06
FNGB First Northern Capital Corp. 10.50 93.02 13.82 14.58 15.67 15.44
FWWB First Washington Bancorp Inc. 22.50 262.05 17.58 17.72 19.40 19.40
KFBI Klamath First Bancorp 16.50 163.63 15.87 17.74 17.93 16.50
MDBK Medford Bancorp Inc. 16.25 144.78 11.95 12.90 13.66 13.54
MECH MECH Financial Inc. 23.50 124.44 12.50 14.51 14.60 12.50
WSTR WesterFed Financial Corp. 19.50 108.98 13.93 15.12 15.12 15.73
YFED York Financial Corp. 17.75 159.18 17.07 16.75 21.13 21.13
Comparable Average 144.67 13.56 14.88 16.11 15.16
Comparable Median 134.61 13.88 14.85 15.40 15.59
All Fully Converted Average 179.03 18.17 17.90 19.65 20.69
All Fully Converted Median 46.24 14.98 15.55 16.78 16.64
All MHC's Average 170.92 26.08 23.99 29.02 29.46
All MHC's Median 45.42 23.76 23.64 25.19 25.43
Florida Fully Converted Average 201.24 24.96 15.56 34.67 35.28
Florida Fully Converted Median 182.78 32.37 16.30 34.94 24.58
Florida MHC's Average 125.83 19.31 19.30 22.45 22.43
Florida MHC's Median 125.83 19.31 19.30 22.45 22.43
---------------------------------
Current Price in Relation to
--------------------------------- Current LTM
Tangible Dividend Dividend
Book Value Book Value Assets Yield Payout Ratio
Ticker (%) (%) (%) (%) (%)
- ------ -----------------------------------------------------------
ANDB 161.13 161.13 13.21 2.54 26.38
EBSI 134.73 134.73 9.33 3.56 41.50
FAB 82.49 82.49 8.17 1.54 5.81
FNGB 123.67 123.67 13.47 3.43 47.22
FWWB 137.61 166.54 19.32 1.60 22.90
KFBI 103.00 112.47 16.22 2.18 36.02
MDBK 142.67 150.32 12.75 2.46 37.30
MECH 134.21 134.21 13.03 0.00 9.26
WSTR 99.29 121.80 10.66 0.00 39.61
YFED 145.73 145.73 12.95 2.93 47.17
126.45 133.31 12.91 2.02 31.32
134.47 134.47 12.99 2.32 36.66
126.18 131.30 15.42 1.78 53.82
111.09 118.33 14.43 1.88 30.99
153.24 160.55 19.32 1.92 70.54
153.87 156.32 17.56 1.80 68.11
103.53 113.00 10.32 1.08 14.42
99.58 110.73 9.00 0.77 0.00
142.68 145.21 11.60 4.57 83.69
142.68 145.21 11.60 4.57 83.69
32
EXHIBIT 3
STANDARD CONVERSIONS - 1997 TO DATE
SELECTED MARKET DATA
MARKET DATA AS OF 10/05/98
-------------
PRO-FORMA -------------
GROSS CONVERSION TOTAL PRO-FORMA
IPO PRICE PROCEEDS ASSETS EQUITY BOOK VALUE
TICKER SHORT NAME IPO DATE ($) ($000) ($000) ($000) (%)
- -----------------------------------------------------------------------------------------------------------------------------------
CITZ CFS Bancorp Inc. 07/24/1998 10.000 178,538 746,050 249,133 71.7
UCFC United Community Finl Corp. 07/09/1998 10.000 334,656 1,044,993 430,111 77.8
HRBT Hudson River Bancorp 07/01/1998 10.000 173,337 664,996 216,300 80.1
-----------------------------------------------------------------------------------------------------------------------
Q3`98 AVERAGE 76.5
MEDIAN 77.8
-----------------------------------------------------------------------------------------------------------------------
FKAN First Kansas Financial Corp. 06/29/1998 10.000 15,539 95,655 19,784 78.5
CFKY Columbia Financial of Kentucky 04/15/1998 10.000 26,715 104,006 35,863 74.5
EFC EFC Bancorp Inc. 04/07/1998 10.000 69,365 315,910 90,516 76.6
HBSC Heritage Bancorp Inc. 04/06/1998 15.000 69,431 247,499 89,014 78.0
NEP Northeast PA Financial Corp. 04/01/1998 10.000 59,515 369,242 78,908 75.4
-----------------------------------------------------------------------------------------------------------------------
Q2`98 AVERAGE 76.6
MEDIAN 76.6
-----------------------------------------------------------------------------------------------------------------------
BYS Bay State Bancorp 03/30/1998 20.000 46,949 233,074 59,695 78.6
HLFC Home Loan Financial Corp. 03/26/1998 10.000 22,483 60,401 29,603 75.9
CAVB Cavalry Bancorp Inc. 03/17/1998 10.000 75,383 275,925 94,465 79.8
ICBC Independence Comm. Bank Corp. 03/17/1998 10.000 704,109 3,733,316 912,373 77.2
RCBK Richmond County Financial Corp 02/18/1998 10.000 244,663 993,370 307,206 79.6
HFBC HopFed Bancorp Inc. 02/09/1998 10.000 40,336 202,496 53,478 75.4
TSBK Timberland Bancorp Inc. 01/13/1998 10.000 66,125 206,188 81,091 81.5
MYST Mystic Financial Inc. 01/09/1998 10.000 27,111 149,653 34,869 77.8
UTBI United Tennessee Bankshares 01/05/1998 10.000 14,548 64,189 18,556 78.4
-----------------------------------------------------------------------------------------------------------------------
Q1`98 AVERAGE 78.2
MEDIAN 78.4
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
1998 YTD AVERAGE 77.5
MEDIAN 77.8
-----------------------------------------------------------------------------------------------------------------------
PEDE Great Pee Dee Bancorp 12/31/1997 10.000 21,821 60,538 29,534 73.9
UCBC Union Community Bancorp 12/29/1997 10.000 30,418 84,291 41,044 74.1
WSBI Warwick Community Bancorp 12/23/1997 10.000 64,141 286,545 82,152 78.1
SIB Staten Island Bancorp Inc. 12/22/1997 12.000 515,775 2,144,500 640,283 80.6
HCBC High Country Bancorp Inc. 12/10/1997 10.000 13,225 76,324 17,010 77.7
FSFF First SecurityFed Financial 10/31/1997 10.000 64,080 258,115 84,543 75.8
OTFC Oregon Trail Financial Corp. 10/06/1997 10.000 46,949 204,213 61,266 76.6
RVSB Riverview Bancorp Inc. 10/01/1997 10.000 NA NA NA 100.0
SHSB SHS Bancorp Inc. 10/01/1997 10.000 8,200 81,688 11,593 70.7
-----------------------------------------------------------------------------------------------------------------------
Q4`97 AVERAGE 78.6
MEDIAN 76.6
-----------------------------------------------------------------------------------------------------------------------
OSFS Ohio State Financial Services 09/29/1997 10.000 6,332 33,929 9,998 63.3
FSPT FirstSpartan Financial Corp. 07/09/1997 20.000 88,608 375,526 121,408 73.0
GOSB GSB Financial Corp. 07/09/1997 10.000 22,483 96,323 30,613 73.4
FBNW FirstBank Corp. 07/02/1997 10.000 19,838 133,194 27,578 71.9
-----------------------------------------------------------------------------------------------------------------------
Q3`97 AVERAGE 70.4
MEDIAN 72.5
-----------------------------------------------------------------------------------------------------------------------
HCBB HCB Bancshares Inc. 05/07/1997 10.000 26,450 171,241 36,760 72.0
PSFC Peoples-Sidney Financial Corp. 04/28/1997 10.000 17,854 86,882 25,061 71.2
HMLK Hemlock Federal Financial Corp 04/02/1997 10.000 20,763 146,595 28,989 71.6
GSLA GS Financial Corp. 04/01/1997 10.000 34,385 86,521 53,934 63.8
-----------------------------------------------------------------------------------------------------------------------
Q2'97 AVERAGE 69.7
MEDIAN 71.4
-----------------------------------------------------------------------------------------------------------------------
MRKF Market Financial Corp. 03/27/1997 10.000 13,357 45,547 18,795 71.1
EFBC Empire Federal Bancorp Inc. 01/27/1997 10.000 25,921 86,810 38,067 68.1
FAB FIRSTFED AMERICA BANCORP INC. 01/15/1997 10.000 87,126 723,778 120,969 72.0
RSLN Roslyn Bancorp Inc. 01/13/1997 10.000 423,714 1,596,744 588,624 72.0
AFBC Advance Financial Bancorp 01/02/1997 10.000 10,845 91,852 15,256 71.1
-----------------------------------------------------------------------------------------------------------------------
Q1'97 AVERAGE 70.9
MEDIAN 71.1
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
1997 AVERAGE 73.7
MEDIAN 72.0
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
1/1/97 TO AVERAGE 75.4
10/05/1998 MEDIAN 75.4
-----------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------
PRICE TO PRO-FORMA
- -----------------------------------------------------
PRO-FORMA PRO-FORMA ADJUSTED
TANG. BOOK EARNINGS ASSETS
TICKER (%) (X) (%)
- ---------- ----------------------------------------
CITZ 71.7 18.2 19.3
UCFC 77.8 14.1 24.3
HRBT 80.1 22.3 20.7
--------------------------------------
Q3`98 76.5 18.2 21.4
77.8 18.2 20.7
--------------------------------------
FKAN 78.5 14.0 14.0
CFKY 74.5 19.6 20.4
EFC 76.6 13.5 18.0
HBSC 78.0 16.1 21.9
NEP 75.4 18.7 13.9
--------------------------------------
Q2`98 76.6 16.4 17.6
76.6 16.1 18.0
--------------------------------------
BYS 78.6 20.9 16.8
HLFC 75.9 17.0 27.1
CAVB 79.8 14.3 21.5
ICBC 82.7 17.9 15.9
RCBK 79.6 14.0 19.8
HFBC 75.4 12.4 16.6
TSBK 81.5 10.5 24.3
MYST 77.8 17.5 15.3
UTBI 78.4 16.1 18.5
--------------------------------------
Q1`98 78.9 15.6 19.5
78.6 16.1 18.5
--------------------------------------
--------------------------------------
1998 YTD 77.8 16.3 19.3
78.0 16.1 19.3
--------------------------------------
PEDE 73.9 15.9 26.5
UCBC 74.1 13.5 26.5
WSBI 78.1 13.5 18.3
SIB 83.0 14.1 19.4
HCBC 77.7 30.5 14.8
FSFF 75.8 25.9 19.9
OTFC 76.6 18.5 18.7
RVSB 100.0 NA NA
SHSB 70.7 12.5 9.1
--------------------------------------
Q4`97 78.9 18.1 19.2
76.6 15.0 19.1
--------------------------------------
OSFS 63.3 17.0 15.7
FSPT 73.0 19.5 19.1
GOSB 73.4 19.0 18.9
FBNW 71.9 18.0 13.0
--------------------------------------
Q3`97 70.4 18.4 16.7
72.5 18.5 17.3
--------------------------------------
HCBB 72.0 26.2 13.4
PSFC 71.2 11.5 17.0
HMLK 71.6 37.5 12.4
GSLA 63.8 38.7 28.4
--------------------------------------
Q2 '97 69.6 28.5 17.8
71.4 31.9 15.2
--------------------------------------
MRKF 71.1 26.2 22.7
EFBC 68.1 21.5 23.0
FAB 72.0 13.6 10.7
RSLN 72.0 9.3 21.0
AFBC 71.1 16.8 10.6
--------------------------------------
Q1'97 70.9 17.5 17.6
71.1 16.8 21.0
--------------------------------------
--------------------------------------
1997 73.8 20.0 18.1
72.0 18.0 18.7
--------------------------------------
--------------------------------------
1/1/97 TO 75.6 18.3 18.6
10/05/1998 75.4 17.0 18.8
--------------------------------------
Page 1
33
EXHIBIT 3
STANDARD CONVERSIONS - 1997 TO DATE
SELECTED MARKET DATA
MARKET DATA AS OF 10/05/98
----------------------------------------------------------------- ---------
PERCENT CHANGE FROM IPO
----------------------------------------------------------------- ---------
AFTER AFTER AFTER AFTER TO CURRENT
1 DAY 1 WEEK 1 MONTH 3 MONTHS DATE STOCK PRICE BOOK VALUE
TICKER SHORT NAME (%) (%) (%) (%) (%) 10/5/98 (%)
- -----------------------------------------------------------------------------------------------------------------------------------
CITZ CFS Bancorp Inc. 14.38% 9.38% -2.50% NA -3.12% 9.688 NA
UCFC United Community Finl Corp. 50.00% 60.00% 57.50% 36.25% 36.25% 13.625 NA
HRBT Hudson River Bancorp 25.63% 35.00% 33.75% -1.25% 0.00% 10.000 NA
-----------------------------------------------------------------------------------------------------------------------
Q3`98 AVERAGE 30.00% 34.79% 29.58% -- 11.04% 11.104 --
MEDIAN 25.63% 35.00% 33.75% -- 0.00% 10.000 --
-----------------------------------------------------------------------------------------------------------------------
FKAN First Kansas Financial Corp. 23.13% 22.50% 15.00% 1.25% -1.25% 9.875 73.370
CFKY Columbia Financial of Kentucky 71.25% 59.38% 60.00% 40.00% 30.00% 13.000 92.720
EFC EFC Bancorp Inc. 47.50% 49.38% 41.25% 36.25% 1.25% 10.125 80.610
HBSC Heritage Bancorp Inc. NA 46.25% 45.83% 32.50% 6.67% 16.000 78.200
NEP Northeast PA Financial Corp. 55.00% 53.75% 54.38% 38.75% 2.50% 10.250 71.330
-----------------------------------------------------------------------------------------------------------------------
Q2`98 AVERAGE 49.22% 46.25% 43.29% 29.75% 7.83% 11.850 79.246
MEDIAN 51.25% 49.38% 45.83% 36.25% 2.50% 10.250 78.200
-----------------------------------------------------------------------------------------------------------------------
BYS Bay State Bancorp 46.88% 48.13% 50.63% 35.00% 10.00% 22.000 80.76
HLFC Home Loan Financial Corp. 52.50% 61.88% 67.50% 47.50% 27.50% 12.750 90.81
CAVB Cavalry Bancorp Inc. 105.63% 143.75% 140.00% 122.50% 85.00% 18.500 138.37
ICBC Independence Comm. Bank Corp. 72.50% 75.63% 81.25% 63.13% 30.00% 13.000 102.93
RCBK Richmond County Financial Corp 63.13% 64.38% 78.75% 87.50% 37.50% 13.750 110.53
HFBC HopFed Bancorp Inc. 68.13% 60.00% 67.50% 118.75% 57.50% 15.750 108.92
TSBK Timberland Bancorp Inc. 45.00% 60.00% 60.00% 76.25% 19.38% 11.938 92.69
MYST Mystic Financial Inc. 44.38% 56.25% 50.00% 73.75% 10.00% 11.000 82.52
UTBI United Tennessee Bankshares 47.50% 37.50% 42.50% 50.00% 7.50% 10.750 77.73
-----------------------------------------------------------------------------------------------------------------------
Q1`98 AVERAGE 60.63% 67.50% 70.90% 74.93% 31.60% 14.382 98.36
MEDIAN 52.50% 60.00% 67.50% 73.75% 27.50% 13.000 92.69
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
1998 YTD AVERAGE 52.03% 55.48% 55.49% 53.63% 20.98% 13.059 91.54
MEDIAN 48.75% 56.25% 54.38% 43.75% 10.00% 12.750 86.67
-----------------------------------------------------------------------------------------------------------------------
PEDE Great Pee Dee Bancorp 61.25% 55.00% 48.75% 57.50% 18.75% 11.875 83.10
UCBC Union Community Bancorp 46.88% 42.50% 42.50% 58.13% 17.50% 11.750 82.11
WSBI Warwick Community Bancorp 56.25% 70.00% 56.25% 75.63% 22.50% 12.250 93.94
SIB Staten Island Bancorp Inc. 58.86% 61.98% 59.90% 74.48% 42.71% 17.125 108.73
HCBC High Country Bancorp Inc. 44.38% 50.63% 45.00% 50.00% 20.00% 12.000 86.83
FSFF First SecurityFed Financial 50.63% 51.25% 60.63% 46.88% 26.25% 12.625 89.86
OTFC Oregon Trail Financial Corp. 67.50% 63.75% 61.25% 67.50% 20.00% 12.000 75.52
RVSB Riverview Bancorp Inc. 31.88% 36.25% 32.50% 77.50% 37.50% 13.750 129.59
SHSB SHS Bancorp Inc. 47.50% 62.50% 60.00% 67.50% 77.50% 17.750 118.89
-----------------------------------------------------------------------------------------------------------------------
Q4`97 AVERAGE 51.68% 54.87% 51.86% 63.90% 31.41% 13.458 96.51
MEDIAN 50.63% 55.00% 56.25% 67.50% 22.50% 12.250 89.86
-----------------------------------------------------------------------------------------------------------------------
OSFS Ohio State Financial Services 55.00% 53.70% 49.60% 52.50% 60.00% 16.000 97.150
FSPT FirstSpartan Financial Corp. 83.44% 85.00% 78.13% 91.88% 40.00% 28.000 94.690
GOSB GSB Financial Corp. 46.25% 48.75% 43.75% 55.00% 18.75% 11.875 83.040
FBNW FirstBank Corp. 58.13% 55.63% 77.50% 72.50% 60.00% 16.000 96.790
-----------------------------------------------------------------------------------------------------------------------
Q3`97 AVERAGE 60.71% 60.77% 62.24% 67.97% 44.69% 17.969 92.92
MEDIAN 56.57% 54.67% 63.55% 63.75% 50.00% 16.000 95.74
-----------------------------------------------------------------------------------------------------------------------
HCBB HCB Bancshares Inc. 26.25% 27.50% 28.75% 38.75% 6.25% 10.625 73.5
PSFC Peoples-Sidney Financial Corp. 25.63% 28.75% 32.50% 55.00% 65.00% 16.500 138.0
HMLK Hemlock Federal Financial Corp 28.75% 28.75% 30.00% 40.00% 40.00% 14.000 94.5
GSLA GS Financial Corp. 33.75% 37.50% 40.00% 51.25% 35.00% 13.500 84.3
-----------------------------------------------------------------------------------------------------------------------
Q2`97 AVERAGE 28.60% 30.63% 32.81% 46.25% 36.56% 13.656 97.59
MEDIAN 27.50% 28.75% 31.25% 45.63% 37.50% 13.750 89.43
-----------------------------------------------------------------------------------------------------------------------
MRKF Market Financial Corp. 29.38% 22.50% 26.25% 37.50% 16.25% 11.625 98.7
EFBC Empire Federal Bancorp Inc. 32.50% 35.00% 37.50% 31.25% 30.00% 13.000 83.2
FAB FIRSTFED AMERICA BANCORP INC. 36.25% 41.25% 48.75% 38.75% 30.00% 13.000 82.5
RSLN Roslyn Bancorp Inc. 50.00% 59.38% 60.00% 58.75% 55.00% 15.500 107.9
AFBC Advance Financial Bancorp 28.75% 29.38% 40.00% 40.00% 40.00% 14.000 96.7
-----------------------------------------------------------------------------------------------------------------------
Q1`97 AVERAGE 35.38% 37.50% 42.50% 41.25% 34.25% 13.425 93.81
MEDIAN 32.50% 35.00% 40.00% 38.75% 30.00% 13.000 96.69
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
1997 AVERAGE 45.42% 47.59% 48.16% 56.28% 35.41% 14.307 95.44
MEDIAN 46.57% 49.69% 46.88% 55.00% 32.50% 13.250 94.24
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
1/1/97 TO AVERAGE 48.20% 51.03% 51.35% 55.17% 29.12% 13.763 93.92
10/5/98 MEDIAN 47.50% 51.25% 49.60% 51.88% 27.50% 13.000 91.75
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------
CURRENT PRICE TO
-----------------------------------------------------------------
TANG. BOOK LTM EARNINGS EARNINGS CORE EPS LTM EPS ASSETS
TICKER (%) (X) (X) (X) (X) (%)
- --------- -----------------------------------------------------------------
CITZ NA NA NA NA NA NA
UCFC NA NA NA NA NA NA
HRBT NA NA NA NA NA NA
----------------------------------------------------------------------
Q3`98 -- -- -- -- -- --
-- -- -- -- -- --
----------------------------------------------------------------------
FKAN 74.300 NA NA NA NA 14.480
CFKY 92.720 NA NA NA NA 29.190
EFC 80.610 NA NA NA NA 19.070
HBSC 78.200 NA NA NA NA 24.620
NEP 71.330 NA NA NA NA 13.790
----------------------------------------------------------------------
Q2`98 79.432 20.230
78.200 19.070
-----------------------------------------------------------------------
BYS 80.76 NA 25.00 20.37 NA 19.39
HLFC 90.81 NA 21.25 21.25 NA 34.99
CAVB 138.37 NA 21.02 25.69 NA 41.04
ICBC 109.06 NA 21.67 21.67 NA 20.65
RCBK 110.89 NA 15.63 15.63 NA 22.77
HFBC 108.92 NA 18.75 18.75 NA 29.16
TSBK 92.69 NA 12.44 12.98 NA 30.00
MYST 82.52 NA 15.28 16.18 NA 14.98
UTBI 77.73 NA 13.44 13.44 NA 21.01
----------------------------------------------------------------------
Q1`98 99.08 18.28 18.44 26.00
92.69 18.75 18.75 22.77
----------------------------------------------------------------------
----------------------------------------------------------------------
1998 YTD 92.07 18.28 18.44 23.94
86.67 18.75 18.75 21.89
----------------------------------------------------------------------
PEDE 83.10 NA 21.21 21.21 NA 38.23
UCBC 82.11 NA 18.36 18.36 NA 33.07
WSBI 93.94 NA 15.31 12.76 NA 19.72
SIB 111.49 NA 15.86 15.86 NA 25.60
HCBC 86.83 NA 20.00 20.00 NA 15.78
FSFF 90.11 NA 14.35 14.35 NA 24.44
OTFC 75.52 NA 16.67 16.67 NA 21.97
RVSB 133.75 NA 16.37 17.19 NA 31.67
SHSB 118.89 NA 16.44 20.17 NA 16.46
----------------------------------------------------------------------
Q4`97 97.30 -- 17.17 17.40 -- 25.22
90.11 -- 16.44 17.19 -- 24.44
----------------------------------------------------------------------
OSFS 97.150 NA NA NA NA 26.320
FSPT 94.690 NA 14.890 16.280 NA 23.010
GOSB 83.040 NA 37.110 37.110 NA 20.680
FBNW 96.790 NA 16.000 44.440 NA 16.320
----------------------------------------------------------------------
Q3`97 92.92 -- 22.67 32.61 -- 21.58
95.74 -- 16.00 37.11 -- 21.85
----------------------------------------------------------------------
HCBB 74.4 NA 33.2 33.2 NA 12.7
PSFC 138.0 22.3 29.5 29.5 22.3 27.8
HMLK 94.5 16.1 15.9 16.7 16.3 14.3
GSLA 84.3 27.6 56.3 56.3 31.4 30.4
----------------------------------------------------------------------
Q2`97 97.80 21.98 33.71 33.90 23.33 21.30
89.43 22.30 31.33 31.33 22.30 21.07
----------------------------------------------------------------------
MRKF 98.7 22.8 24.2 24.2 22.8 28.9
EFBC 83.2 19.4 19.1 19.1 19.4 30.2
FAB 82.5 15.1 14.8 18.1 18.6 8.2
RSLN 108.4 13.1 12.1 12.9 13.8 16.7
AFBC 96.7 16.5 21.9 35.0 18.9 12.6
----------------------------------------------------------------------
Q1`97 93.90 17.38 18.42 21.86 18.70 19.31
96.69 16.47 19.12 19.12 18.92 16.65
----------------------------------------------------------------------
----------------------------------------------------------------------
1997 95.82 19.11 21.40 23.78 20.44 22.50
94.24 17.94 16.67 19.12 19.16 22.49
----------------------------------------------------------------------
----------------------------------------------------------------------
1/1/97 TO 94.36 19.11 20.47 22.18 20.44 23.06
10/5/98 91.75 17.94 17.52 18.94 19.16 22.37
----------------------------------------------------------------------
Page 2
34
EXHIBIT 4
SECOND STEP CONVERSIONS - 1997 TO DATE
SELECTED MARKET DATA
MARKET DATA AS OF 8/13/98
CURRENT % CHANGE
IPO PRICE STOCK PRICE FROM
TICKER SHORT NAME IPO DATE ($) 08/13/1998 IPO TO DATE
- ------------------------------------------------------------------------------------------------------------------
HSTD Homestead Bancorp Inc. 07/20/1998 10.000 8.250 -17.50%
PSBI PSB Bancorp Inc. 07/17/1998 10.000 7.938 -20.62%
THTL Thistle Group Holdings Co. 07/14/1998 10.000 9.188 -8.12%
SBAN SouthBanc Shares Inc. 04/15/1998 20.000 18.250 -8.75%
FSLA First Source Bancorp Inc. 04/09/1998 10.000 8.938 -10.62%
TSBS Peoples Bancorp Inc. 04/09/1998 10.000 8.688 -13.12%
PFSL Pocahontas Bancorp Inc. 04/01/1998 10.000 8.750 -12.50%
HARB Harbor Florida Bancshares Inc. 03/19/1998 10.000 12.125 21.25%
HFWA Heritage Financial Corp. 01/09/1998 10.000 12.750 27.50%
GFED Guaranty Federal Bcshs Inc. 12/31/1997 10.000 12.625 26.25%
EBI Equality Bancorp Inc. 12/02/1997 10.000 13.000 30.00%
FSNJ Bayonne Bancshares Inc. 08/22/1997 10.000 14.938 49.38%
MONT Montgomery Financial Corp. 07/01/1997 10.000 11.000 10.00%
-----------------------------------------------------------------------------------------------
1/1/97 TO AVERAGE 11.265 5.63%
08/13/1998 MEDIAN 11.000 -8.12%
-------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
CURRENT PRICE TO
-----------------------------------------------------------------------------------------
BOOK VALUE TANG. BOOK LTM EARNINGS EARNINGS CORE EPS LTM EPS ASSETS
TICKER SHORT NAME (%) (%) (X) (X) (X) (X) (%)
- --------- ------------------------------ -----------------------------------------------------------------------------------------
HSTD Homestead Bancorp Inc. NA NA NA NA NA NA NA
PSBI PSB Bancorp Inc. NA NA NA NA NA NA NA
THTL Thistle Group Holdings Co. NA NA NA NA NA NA NA
SBAN SouthBanc Shares Inc. NA NA NA NA NA NA NA
FSLA First Source Bancorp Inc. 109.400 113.000 NA NA NA NA 23.230
TSBS Peoples Bancorp Inc. 92.430 95.260 NA NA NA NA 36.120
PFSL Pocahontas Bancorp Inc. 100.110 103.430 NA NA NA NA 14.460
HARB Harbor Florida Bancshares Inc. 144.170 145.730 NA 16.840 17.830 NA 28.260
HFWA Heritage Financial Corp. 133.790 133.790 NA NA NA NA 38.530
GFED Guaranty Federal Bcshs Inc. 105.120 105.120 NA 21.040 21.040 NA 30.240
EBI Equality Bancorp Inc. 125.000 125.000 NA 21.670 NM NA 11.970
FSNJ Bayonne Bancshares Inc. 141.590 141.590 NA 31.120 31.120 NA 19.400
MONT Montgomery Financial Corp. 91.290 91.290 NA 16.180 16.180 NA 16.660
------------------------------ -----------------------------------------------------------------------------------------
1/1/97 TO AVERAGE 115.878 117.134 -- 21.370 21.543 -- 24.319
08/13/1998 MEDIAN 109.400 113.000 -- 21.040 19.435 -- 23.230
------------------------------ -----------------------------------------------------------------------------------------
Page 1
35
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CORPORATE
-------------------------------------------------------------------------
NUMBER
OF
TICKER SHORT NAME EXCHANGE CITY STATE OFFICES IPO DATE
- --------------------------------------------------------- -------------------------------------------------------------------------
%CCMD Chevy Chase Bank FSB Private Chevy Chase MD 138 NA
AABC Access Anytime Bancorp Inc. NASDAQ Clovis NM 3 08/08/86
ABBK Abington Bancorp Inc. NASDAQ Abington MA 9 06/10/86
ABCL Alliance Bancorp NASDAQ Hinsdale IL 20 07/07/92
ABCW Anchor BanCorp Wisconsin NASDAQ Madison WI 35 07/16/92
AFBC Advance Financial Bancorp NASDAQ Wellsburg WV 3 01/02/97
AFED AFSALA Bancorp Inc. NASDAQ Amsterdam NY 6 10/01/96
AHCI Ambanc Holding Co. NASDAQ Amsterdam NY 12 12/27/95
ALBC Albion Banc Corp. NASDAQ Albion NY 2 07/26/93
ALBK ALBANK Financial Corp. NASDAQ Albany NY 109 04/01/92
ALLB Alliance Bank (MHC) NASDAQ Broomall PA 7 03/03/95
AMFC AMB Financial Corp. NASDAQ Munster IN 3 04/01/96
ANA Acadiana Bancshares Inc. AMSE Lafayette LA 5 07/16/96
ANDB Andover Bancorp Inc. NASDAQ Andover MA 12 05/08/86
ANE Alliance Bncp of New England AMSE Vernon CT 7 12/19/86
ASBI Ameriana Bancorp NASDAQ New Castle IN 9 03/02/87
ASBP ASB Financial Corp. NASDAQ Portsmouth OH 1 05/11/95
ASFC Astoria Financial Corp. NASDAQ Lake Success NY 96 11/18/93
ATSB AmTrust Capital Corp. NASDAQ Peru IN 2 03/28/95
AVND Avondale Financial Corp. NASDAQ Chicago IL 5 04/07/95
BANC BankAtlantic Bancorp Inc. NASDAQ Fort Lauderdale FL 65 11/29/83
BCSB BCSB Bankcorp Inc. (MHC) NASDAQ Baltimore MD 6 07/08/98
BDJI First Federal Bancorp. NASDAQ Bemidji MN 5 04/04/95
BFD BostonFed Bancorp Inc. AMSE Burlington MA 10 10/24/95
BFFC Big Foot Financial Corp. NASDAQ Long Grove IL 3 12/20/96
BFSB Bedford Bancshares Inc. NASDAQ Bedford VA 3 08/22/94
BKC American Bank of Connecticut AMSE Waterbury CT 14 12/01/81
BKCT Bancorp Connecticut Inc. NASDAQ Southington CT 3 07/03/86
BKUNA BankUnited Financial Corp. NASDAQ Coral Gables FL 24 12/11/85
BNKU Bank United Corp. NASDAQ Houston TX 81 08/09/96
BPLS Bank Plus Corp. NASDAQ Los Angeles CA 38 NA
BRBI Blue River Bancshares Inc. NASDAQ Shelbyville IN 4 NA
BRKL Brookline Bancorp (MHC) NASDAQ Brookline MA 5 03/25/98
BTHL Bethel Bancorp NASDAQ Portland ME 8 08/19/87
BVCC Bay View Capital Corp. NASDAQ San Mateo CA 56 05/09/86
BWFC Bank West Financial Corp. NASDAQ Grand Rapids MI 3 03/30/95
BYFC Broadway Financial Corp. NASDAQ Los Angeles CA 5 01/09/96
BYS Bay State Bancorp AMSE Brookline MA 5 03/30/98
CAFI Camco Financial Corp. NASDAQ Cambridge OH 14 NA
CASB Cascade Financial Corp. NASDAQ Everett WA 11 09/16/92
CASH First Midwest Financial Inc. NASDAQ Storm Lake IA 14 09/20/93
CATB Catskill Financial Corp. NASDAQ Catskill NY 5 04/18/96
CAVB Cavalry Bancorp Inc. NASDAQ Murfreesboro TN 9 03/17/98
CBCI Calumet Bancorp Inc. NASDAQ Dolton IL 5 02/20/92
CBES CBES Bancorp Inc. NASDAQ Excelsior Springs MO 3 09/30/96
CBK Citizens First Financial Corp. AMSE Bloomington IL 6 05/01/96
CBSA Coastal Bancorp Inc. NASDAQ Houston TX 49 NA
CEBK Central Co-operative Bank NASDAQ Somerville MA 8 10/24/86
CENB Century Bancorp Inc. NASDAQ Thomasville NC 1 12/23/96
CFB Commercial Federal Corp. NYSE Omaha NE 242 12/31/84
CFCP Coastal Financial Corp. NASDAQ Myrtle Beach SC 10 09/26/90
CFFC Community Financial Corp. NASDAQ Staunton VA 4 03/30/88
CFKY Columbia Financial of Kentucky NASDAQ Fort Mitchell KY 5 04/15/98
CFNC Carolina Fincorp Inc. NASDAQ Rockingham NC 4 11/25/96
CFSB CFSB Bancorp Inc. NASDAQ Lansing MI 17 06/22/90
CFTP Community Federal Bancorp NASDAQ Tupelo MS 2 03/26/96
CIBI Community Investors Bancorp NASDAQ Bucyrus OH 3 02/07/95
CITZ CFS Bancorp Inc. NASDAQ Munster IN 24 07/24/98
CKFB CKF Bancorp Inc. NASDAQ Danville KY 1 01/04/95
CLAS Classic Bancshares Inc. NASDAQ Ashland KY 5 12/29/95
CMRN Cameron Financial Corp NASDAQ Cameron MO 4 04/03/95
CMSB Commonwealth Bancorp Inc. NASDAQ Norristown PA 58 06/17/96
CMSV Community Savings Bnkshrs(MHC) NASDAQ North Palm Beach FL 21 10/24/94
CNIT CENIT Bancorp Inc. NASDAQ Norfolk VA 20 08/06/92
KEY FINANCIAL DATA AS OF THE MOST RECENT QUARTER
--------------------------- ------------------------------------------------------------------------
DEPOSIT
INSURANCE TOTAL LOANS/ LOANS/ DEPOSITS/ BORROWINGS/
AGENCY CONVERSION ASSETS DEPOSITS ASSETS ASSETS ASSETS
TICKER (BIF/SAIF) TYPE ($000) (%) (%) (%) (%)
- ----------- --------------------------- ------------------------------------------------------------------------
%CCMD SAIF Not Avail. 6,619,429 53.09 39.43 74.27 15.73
AABC SAIF Regular 116,921 76.51 66.07 86.35 4.92
ABBK BIF Regular 546,208 99.79 63.18 63.32 27.23
ABCL SAIF Regular 2,068,197 100.56 64.08 63.73 25.37
ABCW SAIF Regular 2,057,635 117.84 81.97 69.56 22.58
AFBC SAIF Regular 114,185 110.13 85.41 77.55 8.76
AFED SAIF Regular 167,301 56.12 48.49 86.40 0.96
AHCI BIF Regular 565,387 101.13 57.53 56.89 31.80
ALBC SAIF Regular 74,118 102.40 77.34 75.52 13.74
ALBK SAIF Regular 4,130,868 81.76 69.37 84.86 2.13
ALLB SAIF Mutual HC 277,490 71.32 54.94 77.02 11.87
AMFC SAIF Regular 111,338 115.99 78.86 67.99 18.03
ANA SAIF Regular 298,148 110.57 74.88 67.72 16.68
ANDB BIF Regular 1,392,342 106.47 74.33 69.81 21.15
ANE BIF Regular 252,287 73.12 65.44 89.50 2.25
ASBI SAIF Regular 375,297 86.42 71.53 82.77 3.40
ASBP SAIF Regular 116,437 82.70 66.40 80.28 5.89
ASFC SAIF Regular 11,575,551 80.28 42.25 52.63 37.93
ATSB SAIF Regular 69,106 104.82 70.11 66.89 21.51
AVND SAIF Regular 520,132 53.50 37.31 69.74 20.34
BANC SAIF Regular 3,756,571 151.40 73.06 48.25 38.77
BCSB SAIF Mutual HC 320,627 77.62 53.93 69.48 0.00
BDJI SAIF Regular 121,315 66.51 46.52 69.94 17.70
BFD SAIF Regular 1,058,207 136.79 84.32 61.64 29.68
BFFC SAIF Regular 220,604 93.49 52.48 56.13 24.02
BFSB SAIF Regular 156,308 120.62 80.77 66.96 19.19
BKC BIF Regular 685,545 84.85 58.99 69.52 20.86
BKCT BIF Regular 495,178 80.75 52.83 65.42 23.76
BKUNA SAIF Regular 3,584,123 142.31 80.10 56.28 30.67
BNKU SAIF Not Avail. 13,095,947 151.99 74.50 49.02 39.63
BPLS SAIF Not Avail. 4,286,237 95.04 67.74 71.28 23.60
BRBI SAIF Not Avail. 350,208 NM 0.00 0.00 49.05
BRKL BIF Mutual HC 835,329 113.24 63.37 55.96 9.39
BTHL BIF Regular 218,187 114.79 77.14 67.20 22.23
BVCC SAIF Regular 5,720,109 133.84 77.54 57.93 34.73
BWFC SAIF Regular 181,469 106.15 70.18 66.12 20.39
BYFC SAIF Regular 137,642 95.77 81.65 85.26 4.00
BYS SAIF Regular 287,617 114.60 81.50 71.12 5.22
CAFI SAIF Not Avail. 588,220 115.74 84.37 72.90 16.00
CASB SAIF Regular 444,155 124.43 87.55 70.36 19.55
CASH SAIF Regular 421,258 96.59 61.79 63.97 25.10
CATB BIF Regular 309,566 64.11 43.38 67.66 8.36
CAVB SAIF Regular 339,846 99.95 69.00 69.03 0.00
CBCI SAIF Regular 491,961 108.90 77.28 70.96 9.16
CBES SAIF Regular 123,710 134.64 93.36 69.34 15.76
CBK SAIF Regular 281,068 111.77 80.63 72.14 12.66
CBSA SAIF Not Avail. 2,980,528 104.66 47.72 45.59 48.73
CEBK BIF Regular 381,857 103.31 75.71 73.28 15.97
CENB SAIF Regular 96,866 96.61 72.83 75.39 4.34
CFB SAIF Regular 8,852,640 126.09 76.39 60.58 30.13
CFCP SAIF Regular 616,887 114.61 68.36 59.64 33.17
CFFC SAIF Regular 183,230 119.22 89.24 74.86 9.82
CFKY SAIF Regular 118,968 77.19 52.43 67.92 0.00
CFNC SAIF Regular 113,911 90.99 74.62 82.01 2.81
CFSB SAIF Regular 847,769 130.60 89.03 68.17 22.30
CFTP SAIF Regular 263,246 98.59 53.59 54.36 20.74
CIBI SAIF Regular 102,535 110.77 82.06 74.08 15.17
CITZ SAIF Regular 1,098,105 53.85 34.85 64.72 9.59
CKFB SAIF Regular 62,759 121.45 89.58 73.76 3.46
CLAS SAIF Regular 137,984 85.97 67.54 78.56 5.33
CMRN SAIF Regular 220,784 136.16 82.37 60.49 18.23
CMSB SAIF Not Avail. 2,368,247 90.96 60.65 66.68 21.99
CMSV SAIF Mutual HC 765,488 92.30 69.26 75.03 11.95
CNIT SAIF Regular 651,857 104.64 80.13 76.58 14.91
36
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CORPORATE
-------------------------------------------------------------------------
NUMBER
OF
TICKER SHORT NAME EXCHANGE CITY STATE OFFICES IPO DATE
- --------------------------------------------------------- -------------------------------------------------------------------------
CNSB CNS Bancorp Inc. NASDAQ Jefferson City MO 5 06/12/96
CNY Carver Bancorp Inc. AMSE New York NY 7 10/25/94
COFI Charter One Financial NASDAQ Cleveland OH 223 01/22/88
CONE Conestoga Bancorp, Inc. NASDAQ Roslyn NY 8 03/30/94
COOP Cooperative Bankshares Inc. NASDAQ Wilmington NC 16 08/21/91
CRSB Crusader Holding Corp. NASDAQ Philadelphia PA 2 NA
CRZY Crazy Woman Creek Bancorp NASDAQ Buffalo WY 1 03/29/96
CSBF CSB Financial Group Inc. NASDAQ Centralia IL 2 10/09/95
CVAL Chester Valley Bancorp Inc. NASDAQ Downingtown PA 7 03/27/87
DCBI Delphos Citizens Bancorp Inc. NASDAQ Delphos OH 1 11/21/96
DCOM Dime Community Bancshares Inc. NASDAQ Brooklyn NY 14 06/26/96
DME Dime Bancorp Inc. NYSE New York NY 90 08/19/86
DNFC D & N Financial Corp. NASDAQ Hancock MI 42 02/13/85
DSL Downey Financial Corp. NYSE Newport Beach CA 90 01/01/71
EBI Equality Bancorp Inc. AMSE St. Louis MO 3 12/02/97
EBSI Eagle Bancshares NASDAQ Tucker GA 15 04/01/86
EFBC Empire Federal Bancorp Inc. NASDAQ Livingston MT 3 01/27/97
EFBI Enterprise Federal Bancorp NASDAQ West Chester OH 7 10/17/94
EFC EFC Bancorp Inc. AMSE Elgin IL 6 04/07/98
EGLB Eagle BancGroup Inc. NASDAQ Bloomington IL 3 07/01/96
EMLD Emerald Financial Corp. NASDAQ Strongsville OH 14 10/05/93
EQSB Equitable Federal Savings Bank NASDAQ Wheaton MD 4 09/10/93
ESBF ESB Financial Corp. NASDAQ Ellwood City PA 11 06/13/90
ESBK Elmira Savings Bank (The) NASDAQ Elmira NY 6 03/01/85
ESX Essex Bancorp Inc. AMSE Norfolk VA 4 NA
ETFS East Texas Financial Services NASDAQ Tyler TX 2 01/10/95
FAB FIRSTFED AMERICA BANCORP INC. AMSE Swansea MA 13 01/15/97
FBBC First Bell Bancorp Inc. NASDAQ Pittsburgh PA 7 06/29/95
FBCI Fidelity Bancorp Inc. NASDAQ Chicago IL 5 12/15/93
FBCV 1ST Bancorp NASDAQ Vincennes IN 2 04/07/87
FBER 1st Bergen Bancorp NASDAQ Wood-Ridge NJ 4 04/01/96
FBHC Fort Bend Holding Corp. NASDAQ Rosenberg TX 6 06/30/93
FBNW FirstBank Corp. NASDAQ Lewiston ID 6 07/02/97
FBSI First Bancshares Inc. NASDAQ Mountain Grove MO 8 12/22/93
FCB Falmouth Bancorp Inc. AMSE Falmouth MA 3 03/28/96
FCBF FCB Financial Corp. NASDAQ Oshkosh WI 13 09/24/93
FCBH Virginia Beach Fed. Financial NASDAQ Virginia Beach VA 14 11/01/80
FCBK First Coastal Bankshares NASDAQ Virginia Beach VA 16 11/01/80
FCME First Coastal Corp. NASDAQ Westbrook ME 8 NA
FDEF First Defiance Financial NASDAQ Defiance OH 11 10/02/95
FDTR Federal Trust Corp. NASDAQ Winter Park FL 1 NA
FED FirstFed Financial Corp. NYSE Santa Monica CA 24 12/16/83
FESX First Essex Bancorp Inc. NASDAQ Andover MA 19 08/04/87
FFBH First Federal Bancshares of AR NASDAQ Harrison AR 12 05/03/96
FFBI First Financial Bancorp Inc. NASDAQ Belvidere IL 2 10/04/93
FFBS FFBS BanCorp Inc. NASDAQ Columbus MS 3 07/01/93
FFBZ First Federal Bancorp Inc. NASDAQ Zanesville OH 6 07/13/92
FFCH First Financial Holdings Inc. NASDAQ Charleston SC 36 11/10/83
FFDB FirstFed Bancorp Inc. NASDAQ Bessemer AL 8 11/19/91
FFDF FFD Financial Corp. NASDAQ Dover OH 2 04/03/96
FFED Fidelity Federal Bancorp NASDAQ Evansville IN 4 08/31/87
FFES First Federal of East Hartford NASDAQ East Hartford CT 11 06/23/87
FFFD North Central Bancshares Inc. NASDAQ Fort Dodge IA 7 03/21/96
FFFL Fidelity Bankshares Inc. (MHC) NASDAQ West Palm Beach FL 22 01/07/94
FFHH FSF Financial Corp. NASDAQ Hutchinson MN 11 10/07/94
FFHS First Franklin Corp. NASDAQ Cincinnati OH 7 01/26/88
FFIC Flushing Financial Corp. NASDAQ Flushing NY 8 11/21/95
FFKY First Federal Financial Corp. NASDAQ Elizabethtown KY 11 07/15/87
FFLC FFLC Bancorp Inc. NASDAQ Leesburg FL 9 01/04/94
FFOH Fidelity Financial of Ohio NASDAQ Cincinnati OH 12 03/04/96
FFPB First Palm Beach Bancorp Inc. NASDAQ West Palm Beach FL 51 09/29/93
FFSL First Independence Corp. NASDAQ Independence KS 2 10/08/93
FFSX First Fed SB of Siouxland(MHC) NASDAQ Sioux City IA 15 07/13/92
FFWC FFW Corp. NASDAQ Wabash IN 4 04/05/93
KEY FINANCIAL DATA AS OF THE MOST RECENT QUARTER
--------------------------- ------------------------------------------------------------------------
DEPOSIT
INSURANCE TOTAL LOANS/ LOANS/ DEPOSITS/ BORROWINGS/
AGENCY CONVERSION ASSETS DEPOSITS ASSETS ASSETS ASSETS
TICKER (BIF/SAIF) TYPE ($000) (%) (%) (%) (%)
- -------- --------------------------- ------------------------------------------------------------------------
CNSB SAIF Regular 97,988 89.75 66.44 74.03 0.60
CNY SAIF Regular 427,371 96.00 62.84 65.46 23.77
COFI SAIF Regular 19,813,254 122.96 67.69 55.05 35.71
CONE SAIF Regular 494,348 28.70 23.21 80.86 2.02
COOP SAIF Regular 381,054 102.12 80.05 78.39 13.15
CRSB SAIF Not Avail. 202,034 143.25 84.26 58.82 28.43
CRZY SAIF Regular 61,478 97.27 48.54 49.91 25.78
CSBF SAIF Regular 47,218 75.24 57.15 75.96 0.00
CVAL SAIF Regular 377,012 93.11 73.64 79.09 11.05
DCBI SAIF Regular 113,585 120.12 83.92 69.86 5.28
DCOM BIF Regular 1,623,926 91.50 58.51 63.94 22.18
DME BIF Regular 20,913,891 113.54 76.18 67.10 23.43
DNFC SAIF Regular 1,898,004 119.15 67.81 56.91 34.62
DSL SAIF Not Avail. 5,832,102 102.83 91.18 88.67 2.67
EBI SAIF Not Avail. 273,361 86.17 37.41 43.41 46.29
EBSI SAIF Regular 1,120,232 107.56 76.62 71.24 17.67
EFBC SAIF Regular 106,940 74.71 46.13 61.74 0.63
EFBI SAIF Regular 406,893 125.84 62.65 49.78 40.55
EFC SAIF Regular 397,644 107.12 71.37 66.62 8.05
EGLB SAIF Regular 174,085 88.68 67.25 75.84 11.49
EMLD SAIF Regular 617,369 92.02 79.24 86.11 4.39
EQSB SAIF Supervisory 350,555 86.02 64.46 74.93 19.11
ESBF SAIF Regular 956,146 88.15 37.66 42.73 46.51
ESBK BIF Regular 231,725 85.87 78.64 91.57 1.41
ESX SAIF Not Avail. 214,391 112.47 86.99 77.34 14.59
ETFS SAIF Regular 122,594 70.67 50.54 71.52 10.05
FAB SAIF Regular 1,315,743 130.09 68.68 52.80 36.03
FBBC SAIF Regular 756,638 120.55 75.56 62.68 23.79
FBCI SAIF Regular 501,708 125.04 81.73 65.36 21.89
FBCV SAIF Regular 260,149 160.67 72.73 45.27 44.35
FBER SAIF Regular 300,755 59.39 44.27 74.54 13.13
FBHC SAIF Regular 318,348 67.44 56.69 84.06 4.68
FBNW SAIF Regular 194,432 131.63 81.21 61.70 21.71
FBSI SAIF Regular 172,173 104.16 85.34 81.93 3.31
FCB BIF Regular 110,523 99.60 71.77 72.06 5.99
FCBF SAIF Regular 515,516 116.95 72.77 62.22 20.14
FCBH SAIF Not Avail. 625,254 108.17 74.01 68.42 23.41
FCBK SAIF Not Avail. 603,753 112.93 76.57 67.80 23.80
FCME BIF Not Avail. 171,719 76.80 62.17 80.95 10.00
FDEF SAIF Not Avail. 582,124 115.80 80.47 69.49 11.36
FDTR SAIF Not Avail. 151,934 122.25 88.56 72.45 17.15
FED SAIF Regular 4,010,381 144.06 76.84 53.34 39.50
FESX BIF Regular 1,314,752 83.10 58.79 70.74 20.02
FFBH SAIF Regular 578,142 95.70 76.56 80.00 4.90
FFBI SAIF Regular 82,682 81.43 66.52 81.70 8.10
FFBS SAIF Regular 134,952 90.62 71.00 78.35 3.41
FFBZ SAIF Regular 207,381 127.10 85.71 67.44 24.11
FFCH SAIF Regular 1,874,198 134.56 82.83 61.56 29.59
FFDB SAIF Regular 179,893 73.64 66.04 89.68 0.00
FFDF SAIF Regular 90,966 115.02 78.34 68.11 13.76
FFED SAIF Regular 197,046 107.25 81.06 75.59 16.25
FFES SAIF Regular 980,415 35.40 21.24 60.01 32.19
FFFD SAIF Not Avail. 331,124 103.16 76.77 74.41 9.77
FFFL SAIF Mutual HC 1,468,351 90.54 62.46 68.98 21.16
FFHH SAIF Regular 414,072 128.35 68.53 53.39 35.56
FFHS SAIF Regular 237,679 74.66 64.56 86.46 3.87
FFIC BIF Regular 1,091,908 99.72 61.06 61.23 24.86
FFKY SAIF Regular 409,651 116.45 87.19 74.87 10.56
FFLC SAIF Regular 412,443 105.71 83.54 79.03 7.27
FFOH SAIF Not Avail. 531,926 101.68 79.98 78.66 8.24
FFPB SAIF Regular 1,764,026 81.92 60.34 73.66 17.28
FFSL SAIF Regular 123,366 112.23 73.98 65.92 23.02
FFSX SAIF Mutual HC 551,593 103.82 73.86 71.14 19.56
FFWC SAIF Regular 203,311 112.07 69.04 61.61 27.79
37
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CORPORATE
-------------------------------------------------------------------------
NUMBER
OF
TICKER SHORT NAME EXCHANGE CITY STATE OFFICES IPO DATE
- --------------------------------------------------------- -------------------------------------------------------------------------
FFWD Wood Bancorp Inc. NASDAQ Bowling Green OH 7 08/31/93
FFYF FFY Financial Corp. NASDAQ Youngstown OH 10 06/28/93
FGHC First Georgia Holding Inc. NASDAQ Brunswick GA 7 02/11/87
FIBC Financial Bancorp Inc. NASDAQ Long Island City NY 5 08/17/94
FISB First Indiana Corp. NASDAQ Indianapolis IN 26 08/02/83
FKAN First Kansas Financial Corp. NASDAQ Osawatomie KS 6 06/29/98
FKFS First Keystone Financial NASDAQ Media PA 6 01/26/95
FKKY Frankfort First Bancorp Inc. NASDAQ Frankfort KY 3 07/10/95
FLAG FLAG Financial Corp. NASDAQ LaGrange GA 16 12/11/86
FLFC First Liberty Financial Corp. NASDAQ Macon GA 36 12/06/83
FLGS Flagstar Bancorp Inc. NASDAQ Bloomfield Hills MI 24 NA
FLKY First Lancaster Bancshares NASDAQ Lancaster KY 1 07/01/96
FMBD First Mutual Bancorp Inc. NASDAQ Decatur IL 14 07/05/95
FMCO FMS Financial Corp. NASDAQ Burlington NJ 21 12/14/88
FMSB First Mutual Savings Bank NASDAQ Bellevue WA 9 12/17/85
FNGB First Northern Capital Corp. NASDAQ Green Bay WI 19 12/29/83
FPRY First Financial Bancorp NASDAQ Tallahassee FL 6 03/29/88
FSBI Fidelity Bancorp Inc. NASDAQ Pittsburgh PA 8 06/24/88
FSFF First SecurityFed Financial NASDAQ Chicago IL 5 10/31/97
FSLA First Source Bancorp Inc. NASDAQ Woodbridge NJ 17 04/09/98
FSNJ Bayonne Bancshares Inc. NASDAQ Bayonne NJ 4 08/22/97
FSPT FirstSpartan Financial Corp. NASDAQ Spartanburg SC 8 07/09/97
FSSB First FS&LA of San Bernardino NASDAQ San Bernardino CA 4 02/02/93
FSTC First Citizens Corp. NASDAQ Newnan GA 9 03/01/86
FTF Texarkana First Financial Corp AMSE Texarkana AR 5 07/07/95
FTFC First Federal Capital Corp. NASDAQ La Crosse WI 56 11/02/89
FTNB Fulton Bancorp Inc. NASDAQ Fulton MO 2 10/18/96
FTSB Fort Thomas Financial Corp. NASDAQ Fort Thomas KY 2 06/28/95
FWWB First Washington Bancorp Inc. NASDAQ Walla Walla WA 26 11/01/95
GAF GA Financial Inc. AMSE Pittsburgh PA 13 03/26/96
GBNK Gaston Federal Bancorp (MHC) NASDAQ Gastonia NC 4 04/13/98
GDW Golden West Financial NYSE Oakland CA 253 05/29/59
GFCO Glenway Financial Corp. NASDAQ Cincinnati OH 5 11/30/90
GFED Guaranty Federal Bcshs Inc. NASDAQ Springfield MO 5 12/31/97
GLMR Gilmer Financial Svcs, Inc. NASDAQ Gilmer TX 1 02/09/95
GOSB GSB Financial Corp. NASDAQ Goshen NY 2 07/09/97
GPT GreenPoint Financial Corp. NYSE New York NY 73 01/28/94
GSB Golden State Bancorp Inc. NYSE Glendale CA 415 10/01/83
GSFC Green Street Financial Corp. NASDAQ Fayetteville NC 3 04/04/96
GSLA GS Financial Corp. NASDAQ Metairie LA 3 04/01/97
GTPS Great American Bancorp NASDAQ Champaign IL 3 06/30/95
GUPB GFSB Bancorp Inc. NASDAQ Gallup NM 1 06/30/95
HALL Hallmark Capital Corp. NASDAQ West Allis WI 3 01/03/94
HARB Harbor Florida Bancshares Inc. NASDAQ Fort Pierce FL 25 03/19/98
HARL Harleysville Savings Bank NASDAQ Harleysville PA 4 08/04/87
HARS Harris Financial Inc. (MHC) NASDAQ Harrisburg PA 34 01/25/94
HAVN Haven Bancorp Inc. NASDAQ Westbury NY 53 09/23/93
HBBI Home Building Bancorp NASDAQ Washington IN 2 02/08/95
HBEI Home Bancorp of Elgin Inc. NASDAQ Elgin IL 5 09/27/96
HBFW Home Bancorp NASDAQ Fort Wayne IN 9 03/30/95
HBNK Highland Bancorp Inc. NASDAQ Burbank CA 7 NA
HBS Haywood Bancshares Inc. AMSE Waynesville NC 4 12/18/87
HBSC Heritage Bancorp Inc. NASDAQ Laurens SC 4 04/06/98
HCBB HCB Bancshares Inc. NASDAQ Camden AR 6 05/07/97
HCBC High Country Bancorp Inc. NASDAQ Salida CO 3 12/10/97
HCFC Home City Financial Corp. NASDAQ Springfield OH 1 12/30/96
HEMT HF Bancorp Inc. NASDAQ Hemet CA 19 06/30/95
HFBC HopFed Bancorp Inc. NASDAQ Hopkinsville KY 5 02/09/98
HFFB Harrodsburg First Fin Bancorp NASDAQ Harrodsburg KY 2 10/04/95
HFFC HF Financial Corp. NASDAQ Sioux Falls SD 19 04/08/92
HFGI Harrington Financial Group NASDAQ Richmond IN 7 NA
HFSA Hardin Bancorp Inc. NASDAQ Hardin MO 3 09/29/95
HFWA Heritage Financial Corp. NASDAQ Olympia WA 12 01/09/98
HHFC Harvest Home Financial Corp. NASDAQ Cheviot OH 3 10/10/94
KEY FINANCIAL DATA AS OF THE MOST RECENT QUARTER
--------------------------- ------------------------------------------------------------------------
DEPOSIT
INSURANCE TOTAL LOANS/ LOANS/ DEPOSITS/ BORROWINGS/
AGENCY CONVERSION ASSETS DEPOSITS ASSETS ASSETS ASSETS
TICKER (BIF/SAIF) TYPE ($000) (%) (%) (%) (%)
- -------- --------------------------- ------------------------------------------------------------------------
FFWD SAIF Regular 166,150 104.75 82.02 78.29 7.32
FFYF SAIF Regular 651,746 109.28 74.45 68.13 15.09
FGHC SAIF Regular 180,806 102.71 86.35 84.07 6.14
FIBC SAIF Regular 340,999 84.49 56.75 67.16 22.87
FISB SAIF Regular 1,750,819 121.14 84.43 69.70 19.96
FKAN SAIF Regular 106,001 53.75 41.91 77.97 0.61
FKFS SAIF Regular 390,970 83.82 51.83 61.84 25.63
FKKY SAIF Regular 134,485 154.39 94.01 60.89 21.01
FLAG SAIF Regular 442,879 93.35 71.51 76.60 12.61
FLFC SAIF Regular 1,511,776 95.19 67.89 71.32 19.21
FLGS SAIF Not Avail. 2,573,280 163.93 87.59 53.43 27.26
FLKY SAIF Regular 53,747 188.04 88.92 47.29 25.05
FMBD SAIF Regular 379,534 96.85 80.16 82.76 1.32
FMCO SAIF Regular 673,699 58.65 45.21 77.07 15.99
FMSB BIF Regular 470,866 99.97 84.78 84.80 6.30
FNGB SAIF Regular 690,372 121.05 89.05 73.56 13.92
FPRY SAIF Regular 240,379 88.86 77.63 87.36 5.41
FSBI SAIF Regular 396,180 80.04 52.68 65.81 23.27
FSFF SAIF Regular 331,044 96.24 62.93 65.39 6.34
FSLA SAIF Not Avail. 1,221,038 80.63 53.33 66.14 11.43
FSNJ SAIF Not Avail. 700,225 76.13 45.85 60.23 24.93
FSPT SAIF Regular 517,433 115.18 82.32 71.47 3.29
FSSB SAIF Regular 103,674 75.29 71.56 95.05 0.00
FSTC SAIF Regular 379,694 84.59 73.24 86.58 2.44
FTF SAIF Regular 189,557 99.72 79.67 79.90 3.75
FTFC SAIF Regular 1,584,405 79.48 64.19 80.76 10.50
FTNB SAIF Regular 110,110 134.07 84.21 62.81 11.63
FTSB SAIF Regular 101,352 123.47 91.61 74.20 8.47
FWWB SAIF Regular 1,362,063 126.24 69.06 54.71 31.91
GAF SAIF Regular 838,272 68.33 38.71 56.64 27.48
GBNK SAIF Mutual HC 202,615 100.46 69.31 68.99 9.13
GDW SAIF Not Avail. 39,067,229 111.39 71.26 63.98 26.40
GFCO SAIF Regular 303,332 119.43 86.87 72.74 16.63
GFED SAIF Not Avail. 260,043 147.84 80.14 54.21 17.34
GLMR SAIF Regular 42,171 81.48 56.24 69.02 20.27
GOSB BIF Regular 129,087 88.65 58.58 66.08 7.75
GPT BIF Regular 12,853,902 84.45 71.06 84.14 1.55
GSB SAIF Regular 18,116,737 130.22 76.90 59.05 32.31
GSFC SAIF Regular 173,265 119.17 75.79 63.60 0.00
GSLA SAIF Regular 145,151 108.85 42.93 39.44 22.85
GTPS SAIF Regular 148,342 105.30 83.27 79.08 1.35
GUPB SAIF Regular 123,209 109.87 61.87 56.31 31.04
HALL SAIF Regular 438,374 105.03 65.08 61.96 26.70
HARB SAIF Not Avail. 1,318,792 101.39 70.36 69.39 9.48
HARL SAIF Regular 395,383 88.86 64.85 72.98 19.32
HARS SAIF Mutual HC 2,325,602 84.48 40.91 48.42 41.34
HAVN SAIF Regular 2,265,248 87.62 60.45 69.00 22.09
HBBI SAIF Regular 42,430 90.16 68.17 75.61 9.43
HBEI SAIF Regular 367,656 120.11 87.32 72.70 0.00
HBFW SAIF Regular 360,286 104.30 88.70 85.05 1.94
HBNK SAIF Not Avail. 573,412 117.04 78.83 67.35 23.28
HBS SAIF Not Avail. 151,718 97.40 75.09 77.09 6.92
HBSC SAIF Regular 300,868 97.07 65.53 67.50 0.00
HCBB SAIF Regular 221,631 76.44 48.63 63.62 18.21
HCBC SAIF Regular 100,589 129.46 81.63 63.05 17.79
HCFC SAIF Regular 78,042 123.58 90.81 73.48 12.10
HEMT SAIF Regular 1,045,837 68.21 56.53 82.87 8.13
HFBC SAIF Regular 217,837 67.14 48.25 71.86 0.00
HFFB SAIF Regular 109,033 106.51 76.71 72.01 0.00
HFFC SAIF Regular 570,060 99.31 77.77 78.31 8.88
HFGI SAIF Not Avail. 484,397 91.92 33.84 36.81 57.78
HFSA SAIF Regular 133,320 83.26 49.34 59.26 29.63
HFWA SAIF Not Avail. 415,851 87.79 66.31 75.54 0.44
HHFC SAIF Regular 96,085 81.87 50.79 62.04 26.54
38
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CORPORATE
-------------------------------------------------------------------------
NUMBER
OF
TICKER SHORT NAME EXCHANGE CITY STATE OFFICES IPO DATE
- --------------------------------------------------------- -------------------------------------------------------------------------
HIFS Hingham Instit. for Savings NASDAQ Hingham MA 5 12/20/88
HLFC Home Loan Financial Corp. NASDAQ Coshocton OH 2 03/26/98
HMLK Hemlock Federal Financial Corp NASDAQ Oak Forest IL 3 04/02/97
HMNF HMN Financial Inc. NASDAQ Spring Valley MN 10 06/30/94
HOMF Home Federal Bancorp NASDAQ Seymour IN 16 01/23/88
HPBC Home Port Bancorp Inc. NASDAQ Nantucket MA 2 08/25/88
HRBF Harbor Federal Bancorp Inc. NASDAQ Baltimore MD 9 08/12/94
HRBT Hudson River Bancorp NASDAQ Hudson NY 12 07/01/98
HRZB Horizon Financial Corp. NASDAQ Bellingham WA 12 08/01/86
HSTD Homestead Bancorp Inc. NASDAQ Ponchatoula LA 2 07/20/98
HTHR Hawthorne Financial Corp. NASDAQ El Segundo CA 6 NA
HWEN Home Financial Bancorp NASDAQ Spencer IN 1 07/02/96
HZFS Horizon Financial Svcs Corp. NASDAQ Oskaloosa IA 3 06/30/94
ICBC Independence Comm. Bank Corp. NASDAQ Brooklyn NY 33 03/17/98
IFSB Independence Federal Svgs Bank NASDAQ Washington DC 2 06/06/85
INBI Industrial Bancorp Inc. NASDAQ Bellevue OH 10 08/01/95
IPSW Ipswich Savings Bank NASDAQ Ipswich MA 8 05/26/93
ITLA ITLA Capital Corp. NASDAQ La Jolla CA 6 10/24/95
IWBK InterWest Bancorp Inc. NASDAQ Oak Harbor WA 55 NA
JSB JSB Financial Inc. NYSE Lynbrook NY 13 06/27/90
JSBA Jefferson Savings Bancorp Inc. NASDAQ Ballwin MO 31 04/08/93
JXSB Jacksonville Savings Bk (MHC) NASDAQ Jacksonville IL 5 04/21/95
JXVL Jacksonville Bancorp Inc. NASDAQ Jacksonville TX 7 04/01/96
KFBI Klamath First Bancorp NASDAQ Klamath Falls OR 35 10/05/95
KNK Kankakee Bancorp Inc. AMSE Kankakee IL 14 01/06/93
KSAV KS Bancorp Inc. NASDAQ Kenly NC 5 12/30/93
KSBK KSB Bancorp Inc. NASDAQ Kingfield ME 8 06/24/93
KYF Kentucky First Bancorp Inc. AMSE Cynthiana KY 2 08/29/95
LARK Landmark Bancshares Inc. NASDAQ Dodge City KS 5 03/28/94
LARL Laurel Capital Group Inc. NASDAQ Allison Park PA 6 02/20/87
LFBI Little Falls Bancorp Inc. NASDAQ Little Falls NJ 6 01/05/96
LFCO Life Financial Corp. NASDAQ Riverside CA 3 NA
LFED Leeds Federal Bankshares (MHC) NASDAQ Baltimore MD 1 05/02/94
LIBB Liberty Bancorp Inc. (MHC) NASDAQ Avenel NJ 4 07/01/98
LO Local Financial Corp. AMSE Oklahoma City OK 44 NA
LOGN Logansport Financial Corp. NASDAQ Logansport IN 1 06/14/95
LONF London Financial Corp. NASDAQ London OH 1 04/01/96
LSBI LSB Financial Corp. NASDAQ Lafayette IN 4 02/03/95
LSBX Lawrence Savings Bank NASDAQ North Andover MA 5 05/02/86
LVSB Lakeview Financial Corp. NASDAQ Paterson NJ 10 12/22/93
LXMO Lexington B&L Financial Corp. NASDAQ Lexington MO 4 06/06/96
MAFB MAF Bancorp Inc. NASDAQ Clarendon Hills IL 23 01/12/90
MARN Marion Capital Holdings NASDAQ Marion IN 4 03/18/93
MASB MASSBANK Corp. NASDAQ Reading MA 15 05/28/86
MBBC Monterey Bay Bancorp Inc. NASDAQ Watsonville CA 8 02/15/95
MBLF MBLA Financial Corp. NASDAQ Macon MO 2 06/24/93
MBSP Mitchell Bancorp Inc. NASDAQ Spruce Pine NC 1 07/12/96
MCBN Mid-Coast Bancorp Inc. NASDAQ Waldoboro ME 3 11/02/89
MDBK Medford Bancorp Inc. NASDAQ Medford MA 16 03/18/86
MECH MECH Financial Inc. NASDAQ Hartford CT 16 06/26/96
METF Metropolitan Financial Corp. NASDAQ Mayfield Heights OH 16 NA
MFBC MFB Corp. NASDAQ Mishawaka IN 5 03/25/94
MFFC Milton Federal Financial Corp. NASDAQ West Milton OH 3 10/07/94
MFLR Mayflower Co-operative Bank NASDAQ Middleboro MA 5 12/23/87
MIFC Mid-Iowa Financial Corp. NASDAQ Newton IA 7 10/14/92
MIVI Mississippi View Holding Co. NASDAQ Little Falls MN 1 03/24/95
MONT Montgomery Financial Corp. NASDAQ Crawfordsville IN 4 07/01/97
MRKF Market Financial Corp. NASDAQ Mount Healthy OH 2 03/27/97
MSBF MSB Financial Inc. NASDAQ Marshall MI 2 02/06/95
MSBK Mutual Savings Bank FSB NASDAQ Bay City MI 22 07/17/92
MWBI Midwest Bancshares Inc. NASDAQ Burlington IA 5 11/12/92
MWBX MetroWest Bank NASDAQ Framingham MA 15 10/10/86
MYST Mystic Financial Inc. NASDAQ Medford MA 3 01/09/98
NASB NASB Financial Inc. NASDAQ Grandview MO 7 09/27/85
KEY FINANCIAL DATA AS OF THE MOST RECENT QUARTER
--------------------------- ------------------------------------------------------------------------
DEPOSIT
INSURANCE TOTAL LOANS/ LOANS/ DEPOSITS/ BORROWINGS/
AGENCY CONVERSION ASSETS DEPOSITS ASSETS ASSETS ASSETS
TICKER (BIF/SAIF) TYPE ($000) (%) (%) (%) (%)
- --------- --------------------------- ------------------------------------------------------------------------
HIFS BIF Regular 239,148 107.52 76.60 71.25 18.47
HLFC SAIF Regular 81,915 117.53 69.64 59.25 1.22
HMLK SAIF Regular 192,271 67.49 47.74 70.74 12.48
HMNF SAIF Regular 725,180 100.80 64.93 64.42 24.54
HOMF SAIF Regular 719,549 110.11 83.25 75.60 14.24
HPBC BIF Regular 260,456 128.67 85.01 66.07 24.48
HRBF SAIF Regular 235,733 84.98 64.18 75.52 9.89
HRBT BIF Regular 994,055 56.57 51.88 91.72 0.20
HRZB BIF Regular 553,063 98.76 80.64 81.65 0.89
HSTD SAIF Not Avail. 82,198 73.96 47.38 64.07 28.50
HTHR SAIF Not Avail. 1,201,331 124.27 92.22 74.21 21.23
HWEN SAIF Regular 42,560 128.63 80.54 62.62 19.27
HZFS SAIF Regular 89,947 93.68 62.64 66.87 22.28
ICBC SAIF Regular 4,786,156 88.43 60.61 68.54 8.35
IFSB SAIF Regular 265,940 79.99 60.18 75.23 15.18
INBI SAIF Regular 382,841 119.70 88.12 73.62 9.66
IPSW BIF Regular 233,662 105.69 79.51 75.23 17.79
ITLA BIF Not Avail. 1,021,343 102.94 85.16 82.72 5.92
IWBK SAIF Not Avail. 2,351,248 97.87 61.80 63.15 28.68
JSB BIF Regular 1,563,460 97.05 69.63 71.74 0.00
JSBA SAIF Regular 1,248,923 88.78 74.36 83.75 4.99
JXSB SAIF Mutual HC 169,745 85.86 74.85 87.18 0.10
JXVL SAIF Not Avail. 242,673 94.00 77.05 81.96 1.67
KFBI SAIF Regular 1,008,688 94.57 63.69 67.34 17.25
KNK SAIF Regular 401,934 74.12 62.25 83.99 5.70
KSAV SAIF Regular 113,978 105.55 83.64 79.24 7.02
KSBK BIF Regular 157,745 104.16 80.90 77.66 12.79
KYF SAIF Regular 82,046 86.95 59.95 68.94 12.69
LARK SAIF Regular 229,337 116.11 74.99 64.59 20.58
LARL SAIF Regular 220,986 88.15 69.96 79.37 7.71
LFBI SAIF Regular 351,347 67.49 43.95 65.11 23.87
LFCO SAIF Not Avail. 472,437 138.82 77.31 55.69 24.67
LFED SAIF Mutual HC 302,737 78.15 63.32 81.02 0.18
LIBB SAIF Mutual HC 255,357 80.10 65.52 81.80 0.00
LO SAIF Not Avail. 1,904,315 73.35 59.84 81.58 11.38
LOGN SAIF Regular 90,264 104.46 74.55 71.36 8.81
LONF SAIF Regular 37,916 94.91 76.78 80.90 4.48
LSBI BIF Regular 218,633 129.22 87.15 67.44 23.63
LSBX BIF Regular 344,874 71.13 53.05 74.59 12.11
LVSB SAIF Regular 593,856 63.77 49.06 76.93 12.41
LXMO SAIF Regular 95,301 82.15 66.16 80.54 2.66
MAFB SAIF Regular 3,569,656 120.69 79.57 65.93 24.45
MARN SAIF Regular 193,963 123.92 85.87 69.30 7.05
MASB BIF Regular 929,672 35.60 30.97 86.99 0.08
MBBC SAIF Regular 436,193 68.50 57.31 83.67 4.88
MBLF SAIF Regular 203,228 119.08 67.58 56.75 28.85
MBSP SAIF Regular 37,306 128.48 74.27 57.80 0.00
MCBN SAIF Regular 65,309 109.34 78.85 72.11 19.05
MDBK BIF Regular 1,135,299 69.42 50.96 73.41 16.66
MECH BIF Regular 954,671 88.34 63.38 71.74 17.44
METF SAIF Not Avail. 1,058,887 105.22 80.37 76.38 15.58
MFBC SAIF Regular 290,936 136.15 82.18 60.35 27.59
MFFC SAIF Regular 235,105 105.10 68.39 65.07 23.11
MFLR BIF Regular 142,965 68.47 53.00 77.40 12.59
MIFC SAIF Regular 135,040 84.80 52.77 62.23 26.66
MIVI SAIF Regular 68,619 82.66 66.10 79.96 0.00
MONT SAIF Not Avail. 117,163 119.54 85.69 71.68 9.61
MRKF SAIF Regular 53,653 88.74 61.08 68.83 0.00
MSBF SAIF Regular 79,967 172.26 92.23 53.54 27.48
MSBK SAIF Regular 613,798 77.57 52.48 67.66 22.74
MWBI SAIF Regular 159,460 90.04 59.74 66.35 25.71
MWBX BIF Regular 658,462 83.52 69.92 83.72 7.92
MYST BIF Regular 199,049 95.21 69.24 72.73 8.29
NASB SAIF Not Avail. 734,091 121.46 86.66 71.34 19.35
39
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CORPORATE
-------------------------------------------------------------------------
NUMBER
OF
TICKER SHORT NAME EXCHANGE CITY STATE OFFICES IPO DATE
- --------------------------------------------------------- -------------------------------------------------------------------------
NBCP Niagara Bancorp Inc. (MHC) NASDAQ Lockport NY 15 04/20/98
NBN Northeast Bancorp AMSE Auburn ME 12 08/19/87
NBSI North Bancshares Inc. NASDAQ Chicago IL 2 12/21/93
NEIB Northeast Indiana Bancorp NASDAQ Huntington IN 3 06/28/95
NEP Northeast PA Financial Corp. AMSE Hazleton PA 10 04/01/98
NHTB New Hampshire Thrift Bncshrs NASDAQ Newport NH 12 05/22/86
NMSB NewMil Bancorp Inc. NASDAQ New Milford CT 15 02/01/86
NSLB NS&L Bancorp Inc. NASDAQ Neosho MO 2 06/08/95
NSSY NSS Bancorp Inc. NASDAQ Norwalk CT 8 06/16/94
NTBK Net.B@nk Inc. NASDAQ Alpharetta GA NA NA
NTMG Nutmeg Federal S&LA NASDAQ Danbury CT 3 NA
NWEQ Northwest Equity Corp. NASDAQ Amery WI 3 10/11/94
NWSB Northwest Bancorp Inc. (MHC) NASDAQ Warren PA 71 11/07/94
OCFC Ocean Financial Corp. NASDAQ Toms River NJ 11 07/03/96
OCN Ocwen Financial Corp. NYSE West Palm Beach FL 1 NA
OFCP Ottawa Financial Corp. NASDAQ Holland MI 26 08/19/94
OHSL OHSL Financial Corp. NASDAQ Cincinnati OH 5 02/10/93
OSFS Ohio State Financial Services NASDAQ Bridgeport OH 2 09/29/97
OTFC Oregon Trail Financial Corp. NASDAQ Baker City OR 7 10/06/97
PBCI Pamrapo Bancorp Inc. NASDAQ Bayonne NJ 10 11/14/89
PBCT People's Bank (MHC) NASDAQ Bridgeport CT 126 07/06/88
PBHC Pathfinder Bancorp Inc. (MHC) NASDAQ Oswego NY 5 11/16/95
PBKB People's Bancshares Inc. NASDAQ New Bedford MA 12 10/30/86
PBOC PBOC Holdings Inc. NASDAQ Los Angeles CA 19 NA
PCBC Perry County Financial Corp. NASDAQ Perryville MO 1 02/13/95
PDB Piedmont Bancorp Inc. AMSE Hillsborough NC 1 12/08/95
PEDE Great Pee Dee Bancorp NASDAQ Cheraw SC 1 12/31/97
PEEK Peekskill Financial Corp. NASDAQ Peekskill NY 3 12/29/95
PERM Permanent Bancorp Inc. NASDAQ Evansville IN 15 04/04/94
PFDC Peoples Bancorp NASDAQ Auburn IN 7 07/07/87
PFED Park Bancorp Inc. NASDAQ Chicago IL 3 08/12/96
PFFB PFF Bancorp Inc. NASDAQ Pomona CA 24 03/29/96
PFFC Peoples Financial Corp. NASDAQ Massillon OH 2 09/13/96
PFNC Progress Financial Corp. NASDAQ Blue Bell PA 11 07/18/83
PFSB PennFed Financial Services Inc NASDAQ West Orange NJ 18 07/15/94
PFSL Pocahontas Bancorp Inc. NASDAQ Pocahontas AR 8 04/01/98
PHBK Peoples Heritage Finl Group NASDAQ Portland ME 194 12/04/86
PHFC Pittsburgh Home Financial Corp NASDAQ Pittsburgh PA 8 04/01/96
PHSB Peoples Home Savings Bk (MHC) NASDAQ Beaver Falls PA 9 07/10/97
PLSK Pulaski Savings Bank (MHC) NASDAQ Springfield NJ 6 04/03/97
PRBC Prestige Bancorp Inc. NASDAQ Pleasant Hills PA 5 06/27/96
PROV Provident Financial Holdings NASDAQ Riverside CA 10 06/28/96
PSBI PSB Bancorp Inc. NASDAQ Philadelphia PA 6 07/17/98
PSFC Peoples-Sidney Financial Corp. NASDAQ Sidney OH 1 04/28/97
PSFI PS Financial Inc. NASDAQ Chicago IL 1 11/27/96
PTRS Potters Financial Corp. NASDAQ East Liverpool OH 4 12/31/93
PULB Pulaski Bank, FSB (MHC) NASDAQ St. Louis MO 5 05/11/94
PULS Pulse Bancorp NASDAQ South River NJ 5 09/18/86
PVFC PVF Capital Corp. NASDAQ Bedford Heights OH 10 12/30/92
PVSA Parkvale Financial Corp. NASDAQ Monroeville PA 29 07/16/87
PWBK Pennwood Bancorp Inc. NASDAQ Pittsburgh PA 3 07/15/96
QCBC Quaker City Bancorp Inc. NASDAQ Whittier CA 10 12/30/93
QCFB QCF Bancorp Inc. NASDAQ Virginia MN 2 04/03/95
QCSB Queens County Bancorp Inc. NASDAQ Flushing NY 11 11/23/93
RARB Raritan Bancorp Inc. NASDAQ Bridgewater NJ 7 03/01/87
RCBK Richmond County Financial Corp NASDAQ Staten Island NY 13 02/18/98
RELI Reliance Bancshares Inc. NASDAQ Milwaukee WI 1 04/19/96
RELY Reliance Bancorp Inc. NASDAQ Garden City NY 30 03/31/94
RIVR River Valley Bancorp NASDAQ Madison IN 6 12/20/96
ROSE TR Financial Corp. NASDAQ Garden City NY 15 06/29/93
RSLN Roslyn Bancorp Inc. NASDAQ Roslyn NY 8 01/13/97
RVSB Riverview Bancorp Inc. NASDAQ Camas WA 9 10/01/97
SBAN SouthBanc Shares Inc. NASDAQ Anderson SC 7 04/15/98
SBFL Finger Lakes Financial (MHC) NASDAQ Geneva NY 6 11/11/94
KEY FINANCIAL DATA AS OF THE MOST RECENT QUARTER
--------------------------- ------------------------------------------------------------------------
DEPOSIT
INSURANCE TOTAL LOANS/ LOANS/ DEPOSITS/ BORROWINGS/
AGENCY CONVERSION ASSETS DEPOSITS ASSETS ASSETS ASSETS
TICKER (BIF/SAIF) TYPE ($000) (%) (%) (%) (%)
- ----------- --------------------------- ------------------------------------------------------------------------
NBCP BIF Mutual HC 1,345,187 68.94 51.11 74.13 4.29
NBN BIF Regular 322,533 153.46 87.56 57.06 34.30
NBSI SAIF Regular 123,311 104.11 61.50 59.07 27.65
NEIB SAIF Regular 203,263 146.84 88.16 60.04 26.62
NEP SAIF Regular 477,807 87.25 58.96 67.57 13.78
NHTB SAIF Regular 324,320 92.12 78.33 85.03 5.57
NMSB BIF Regular 367,569 57.12 45.67 79.95 10.20
NSLB SAIF Regular 62,648 76.33 58.59 76.76 3.19
NSSY BIF Regular 651,825 92.17 64.83 70.33 20.90
NTBK SAIF Not Avail. 246,714 102.68 77.76 75.73 8.31
NTMG SAIF Not Avail. 112,113 105.08 87.60 83.36 5.30
NWEQ SAIF Regular 96,452 127.99 82.11 64.15 22.93
NWSB SAIF Mutual HC 2,562,584 95.08 75.04 78.92 11.31
OCFC SAIF Regular 1,538,264 86.90 57.24 65.87 19.50
OCN SAIF Not Avail. 3,505,579 96.43 58.99 61.17 19.42
OFCP SAIF Regular 919,865 116.31 84.83 72.94 17.57
OHSL SAIF Regular 247,853 90.92 68.42 75.26 13.21
OSFS SAIF Regular 38,559 89.49 63.95 71.46 0.00
OTFC SAIF Regular 256,460 88.06 63.24 71.82 0.00
PBCI SAIF Regular 394,271 70.09 57.25 81.69 3.51
PBCT BIF Mutual HC 9,105,200 88.03 64.28 73.02 16.25
PBHC BIF Mutual HC 198,091 83.11 66.04 79.46 7.57
PBKB BIF Regular 858,377 128.31 58.79 45.82 48.07
PBOC SAIF Not Avail. 3,201,513 151.98 66.07 43.47 49.30
PCBC SAIF Regular 89,761 24.56 17.54 71.42 9.47
PDB SAIF Regular 130,541 119.60 82.31 68.82 13.79
PEDE SAIF Regular 68,400 155.80 83.51 53.60 0.00
PEEK SAIF Regular 200,341 34.54 24.12 69.81 6.49
PERM SAIF Regular 506,725 74.84 53.21 71.10 16.82
PFDC SAIF Regular 304,320 102.72 84.07 81.84 2.73
PFED SAIF Regular 196,813 54.08 38.04 70.33 8.15
PFFB SAIF Regular 3,007,845 107.39 62.43 58.13 32.88
PFFC SAIF Regular 84,906 94.42 73.06 77.38 3.53
PFNC SAIF Regular 602,326 101.98 61.40 60.21 28.27
PFSB SAIF Regular 1,551,938 106.86 70.79 66.25 24.10
PFSL SAIF Not Avail. 404,606 110.24 46.70 42.36 42.23
PHBK BIF Regular 9,768,079 102.51 71.90 70.14 20.17
PHFC SAIF Regular 372,533 140.12 55.84 39.85 48.39
PHSB SAIF Mutual HC 226,742 54.99 42.96 78.11 8.32
PLSK SAIF Mutual HC 187,776 61.43 53.56 87.18 0.29
PRBC SAIF Regular 164,656 112.13 66.47 59.28 29.75
PROV SAIF Regular 815,970 119.14 85.00 71.34 16.19
PSBI BIF Not Avail. 148,841 58.87 50.73 86.16 1.83
PSFC SAIF Regular 105,903 119.51 89.21 74.65 6.61
PSFI SAIF Regular 85,000 115.89 56.23 48.52 21.82
PTRS SAIF Regular 128,149 92.33 73.14 79.22 11.36
PULB SAIF Mutual HC 186,917 92.01 77.01 83.69 1.02
PULS SAIF Regular 544,102 34.20 27.32 79.88 10.97
PVFC SAIF Supervisory 433,279 108.45 86.16 79.45 10.94
PVSA SAIF Regular 1,095,373 89.10 77.23 86.68 4.12
PWBK SAIF Regular 46,080 95.14 73.82 77.59 3.11
QCBC SAIF Regular 887,480 121.62 79.61 65.46 24.34
QCFB SAIF Regular 150,486 62.96 44.17 70.15 10.69
QCSB BIF Regular 1,715,164 142.00 85.72 60.36 24.72
RARB BIF Regular 434,606 86.40 69.77 80.75 10.38
RCBK SAIF Regular 1,595,844 68.55 40.84 59.58 19.17
RELI SAIF Regular 42,289 149.84 61.40 40.98 4.73
RELY SAIF Regular 2,485,729 60.11 39.37 65.51 23.34
RIVR SAIF Regular 135,683 104.48 85.05 81.41 3.69
ROSE BIF Regular 4,115,800 106.50 54.81 51.47 39.97
RSLN BIF Regular 3,853,282 60.36 31.87 52.80 29.38
RVSB SAIF Regular 268,608 89.96 61.55 68.42 7.28
SBAN SAIF Not Avail. 367,666 102.58 56.74 55.31 22.27
SBFL SAIF Mutual HC 258,394 71.64 51.99 72.57 17.91
40
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CORPORATE
-------------------------------------------------------------------------
NUMBER
OF
TICKER SHORT NAME EXCHANGE CITY STATE OFFICES IPO DATE
- --------------------------------------------------------- -------------------------------------------------------------------------
SBOS Boston Bancorp (The) NASDAQ South Boston MA 7 11/09/83
SCBS Southern Community Bancshares NASDAQ Cullman AL 1 12/23/96
SCCB S. Carolina Community Bancshrs NASDAQ Winnsboro SC 2 07/07/94
SFED SFS Bancorp Inc. NASDAQ Schenectady NY 4 06/30/95
SFFC StateFed Financial Corp. NASDAQ Des Moines IA 2 01/05/94
SFIN Statewide Financial Corp. NASDAQ Jersey City NJ 16 10/02/95
SFSL Security First Corp. NASDAQ Mayfield Heights OH 14 01/22/88
SGVB SGV Bancorp Inc. NASDAQ West Covina CA 8 06/29/95
SHSB SHS Bancorp Inc. NASDAQ Pittsburgh PA 4 10/01/97
SIB Staten Island Bancorp Inc. NYSE Staten Island NY 17 12/22/97
SISB SIS Bancorp Inc. NASDAQ Springfield MA 33 02/08/95
SKAN Skaneateles Bancorp Inc. NASDAQ Skaneateles NY 9 06/02/86
SKBO First Carnegie Deposit (MHC) NASDAQ Carnegie PA 3 04/04/97
SMBC Southern Missouri Bancorp Inc. NASDAQ Poplar Bluff MO 8 04/13/94
SOBI Sobieski Bancorp Inc. NASDAQ South Bend IN 3 03/31/95
SOPN First Savings Bancorp Inc. NASDAQ Southern Pines NC 5 01/06/94
SPBC St. Paul Bancorp Inc. NASDAQ Chicago IL 65 05/18/87
SRN Southern Banc Co. AMSE Gadsden AL 4 10/05/95
SSB Scotland Bancorp Inc. AMSE Laurinburg NC 2 04/01/96
SSFC South Street Financial Corp. NASDAQ Albemarle NC 2 10/03/96
SSM Stone Street Bancorp Inc. AMSE Mocksville NC 2 04/01/96
STFR St. Francis Capital Corp. NASDAQ Brookfield WI 25 06/21/93
STSA Sterling Financial Corp. NASDAQ Spokane WA 73 NA
SVRN Sovereign Bancorp Inc. NASDAQ Wyomissing PA 180 08/12/86
SWCB Sandwich Bancorp Inc. NASDAQ Sandwich MA 11 07/25/86
SZB SouthFirst Bancshares Inc. AMSE Sylacauga AL 4 02/14/95
TBFC Telebanc Financial Corp. NASDAQ Arlington VA 1 NA
THR Three Rivers Financial Corp. AMSE Three Rivers MI 6 08/24/95
THRD TF Financial Corp. NASDAQ Newtown PA 14 07/13/94
THTL Thistle Group Holdings Co. NASDAQ Philadelphia PA 6 07/14/98
TRIC Tri-County Bancorp Inc. NASDAQ Torrington WY 2 09/30/93
TSBK Timberland Bancorp Inc. NASDAQ Hoquiam WA 8 01/13/98
TSBS Peoples Bancorp Inc. NASDAQ Lawrenceville NJ 14 04/09/98
TSH Teche Holding Co. AMSE Franklin LA 9 04/19/95
TWIN Twin City Bancorp NASDAQ Bristol TN 3 01/04/95
UBMT United Financial Corp. NASDAQ Great Falls MT 5 NA
UCBC Union Community Bancorp NASDAQ Crawfordsville IN 1 12/29/97
UCFC United Community Finl Corp. NASDAQ Youngstown OH 14 07/09/98
UFBS Union Financial Bcshs Inc. NASDAQ Union SC 4 NA
UFRM United Federal Savings Bank NASDAQ Rocky Mount NC 13 07/01/80
UPFC United PanAm Financial Corp. NASDAQ San Mateo CA 10 NA
USAB USABancshares Inc. NASDAQ Philadelphia PA 3 NA
UTBI United Tennessee Bankshares NASDAQ Newport TN 2 01/05/98
WAMU Washington Mutual Inc. NASDAQ Seattle WA 914 03/11/83
WAYN Wayne Savings Bancshares (MHC) NASDAQ Wooster OH 6 06/25/93
WBST Webster Financial Corp. NASDAQ Waterbury CT 101 12/12/86
WCBI Westco Bancorp Inc. NASDAQ Westchester IL 1 06/26/92
WCFB Webster City Federal SB (MHC) NASDAQ Webster City IA 1 08/15/94
WEBK West Essex Bancorp (MHC) NASDAQ Caldwell NJ 8 10/05/98
WEFC Wells Financial Corp. NASDAQ Wells MN 8 04/11/95
WEHO Westwood Homestead Fin. Corp. NASDAQ Cincinnati OH 2 09/30/96
WES Westcorp NYSE Irvine CA 26 05/01/86
WFI Winton Financial Corp. AMSE Cincinnati OH 5 08/04/88
WFSL Washington Federal Inc. NASDAQ Seattle WA 105 11/17/82
WHGB WHG Bancshares Corp. NASDAQ Lutherville MD 5 04/01/96
WOFC Western Ohio Financial Corp. NASDAQ Springfield OH 10 07/29/94
WRNB Warren Bancorp Inc. NASDAQ Peabody MA 6 07/09/86
WSB Washington Savings Bank, FSB AMSE Bowie MD 5 NA
WSBI Warwick Community Bancorp NASDAQ Warwick NY 4 12/23/97
WSFS WSFS Financial Corp. NASDAQ Wilmington DE 18 11/26/86
WSTR WesterFed Financial Corp. NASDAQ Missoula MT 34 01/10/94
WVFC WVS Financial Corp. NASDAQ Pittsburgh PA 6 11/29/93
WYNE Wayne Bancorp Inc. NASDAQ Wayne NJ 6 06/27/96
YFCB Yonkers Financial Corp. NASDAQ Yonkers NY 5 04/18/96
YFED York Financial Corp. NASDAQ York PA 22 02/01/84
- ------------------------------------------------------------------------------------------------------------------------------------
Average
KEY FINANCIAL DATA AS OF THE MOST RECENT QUARTER
--------------------------- ------------------------------------------------------------------------
DEPOSIT
INSURANCE TOTAL LOANS/ LOANS/ DEPOSITS/ BORROWINGS/
AGENCY CONVERSION ASSETS DEPOSITS ASSETS ASSETS ASSETS
TICKER (BIF/SAIF) TYPE ($000) (%) (%) (%) (%)
- ----------- --------------------------- ------------------------------------------------------------------------
SBOS BIF Regular 1,715,070 24.42 19.25 78.85 7.61
SCBS SAIF Regular 67,920 83.56 68.68 82.19 0.00
SCCB SAIF Regular 46,305 98.55 77.59 78.73 0.00
SFED SAIF Regular 178,093 92.93 79.78 85.84 0.00
SFFC SAIF Regular 89,802 128.91 77.04 59.77 21.12
SFIN SAIF Regular 656,635 76.00 50.98 67.08 22.27
SFSL SAIF Regular 696,462 124.36 91.28 73.40 15.68
SGVB SAIF Regular 408,346 100.77 72.87 72.31 18.74
SHSB SAIF Regular 88,408 87.12 64.76 74.33 10.35
SIB BIF Regular 3,018,685 76.09 41.71 54.82 20.21
SISB BIF Regular 1,841,662 67.35 48.52 72.05 18.25
SKAN BIF Regular 266,730 95.69 81.08 84.73 6.52
SKBO SAIF Mutual HC 145,590 90.11 47.42 52.63 28.22
SMBC SAIF Regular 155,924 110.14 77.20 70.10 13.51
SOBI SAIF Regular 92,497 127.16 83.20 65.43 19.95
SOPN SAIF Regular 304,088 98.47 68.63 69.69 6.58
SPBC SAIF Regular 4,564,869 99.82 71.88 72.01 16.85
SRN SAIF Regular 105,087 47.98 39.23 81.77 0.00
SSB SAIF Regular 61,082 99.10 72.66 73.32 0.00
SSFC SAIF Regular 203,673 72.61 52.85 72.79 8.84
SSM SAIF Regular 112,253 143.51 87.99 61.31 9.98
STFR SAIF Regular 1,754,803 74.08 47.68 64.36 27.19
STSA SAIF Not Avail. 2,076,759 84.37 61.72 73.15 18.15
SVRN SAIF Regular 18,847,318 111.10 55.07 49.57 42.59
SWCB BIF Regular 531,013 81.08 67.91 83.76 6.33
SZB SAIF Regular 162,975 81.25 61.91 76.20 11.32
TBFC SAIF Not Avail. 1,209,466 87.92 48.74 55.44 38.91
THR SAIF Regular 98,885 101.78 63.31 62.21 23.00
THRD SAIF Regular 689,284 53.38 34.74 65.09 25.88
THTL SAIF Not Avail. 343,956 39.86 28.91 72.54 2.29
TRIC SAIF Regular 86,549 89.92 47.37 52.68 29.61
TSBK SAIF Regular 263,112 115.11 72.26 62.77 4.43
TSBS BIF Not Avail. 873,466 88.55 50.18 56.66 3.43
TSH SAIF Regular 412,426 124.52 85.44 68.62 16.64
TWIN SAIF Regular 110,610 92.27 74.56 80.81 4.52
UBMT SAIF Not Avail. 205,345 90.05 63.93 70.99 13.25
UCBC SAIF Regular 108,088 142.51 81.58 57.25 1.66
UCFC SAIF Regular 1,692,707 42.70 38.54 90.26 0.00
UFBS SAIF Not Avail. 183,066 115.01 81.67 71.01 20.23
UFRM SAIF Regular 301,924 97.11 84.87 87.39 1.82
UPFC SAIF Not Avail. 411,798 116.80 85.19 72.93 2.65
USAB BIF Not Avail. 134,688 89.25 59.68 66.87 22.69
UTBI SAIF Regular 74,442 93.70 67.15 71.66 0.00
WAMU BIF Regular 103,396,952 140.64 68.64 48.80 43.73
WAYN SAIF Mutual HC 259,402 95.33 79.90 83.81 6.17
WBST SAIF Regular 9,189,143 86.77 54.16 62.43 27.97
WCBI SAIF Regular 320,295 93.83 76.29 81.31 0.00
WCFB SAIF Mutual HC 97,096 77.90 57.79 74.19 1.44
WEBK SAIF Mutual HC 312,522 48.58 37.17 76.51 13.54
WEFC SAIF Regular 188,677 111.69 90.24 80.80 2.65
WEHO SAIF Regular 126,339 132.76 88.18 66.42 12.47
WES SAIF Not Avail. 3,663,771 80.66 43.92 54.44 17.24
WFI SAIF Regular 358,573 NA NA 70.81 20.89
WFSL SAIF Regular 5,558,970 138.90 75.05 54.03 29.83
WHGB SAIF Regular 131,967 85.56 58.25 68.08 15.16
WOFC SAIF Regular 357,295 98.32 70.40 71.61 13.47
WRNB BIF Regular 378,137 74.97 65.48 87.35 1.43
WSB SAIF Not Avail. 273,549 48.64 43.25 88.93 1.96
WSBI BIF Regular 410,394 96.16 52.19 54.27 21.94
WSFS BIF Regular 1,551,631 96.30 48.80 50.67 41.70
WSTR SAIF Regular 1,022,136 104.05 64.79 62.27 24.97
WVFC SAIF Regular 297,054 95.19 53.73 56.44 30.21
WYNE SAIF Regular 275,335 93.36 70.47 75.48 10.90
YFCB SAIF Regular 401,565 89.27 51.64 57.84 31.60
YFED SAIF Regular 1,229,268 91.76 79.56 86.70 2.27
- ---------------------------------------------------------------------------------------------------------------
1,427,998 98.15 66.98 69.50 15.52
41
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CORPORATE
-------------------------------------------------------------------------
NUMBER
OF
TICKER SHORT NAME EXCHANGE CITY STATE OFFICES IPO DATE
- --------------------------------------------------------- -------------------------------------------------------------------------
YFED York Financial Corp. NASDAQ York PA 22 02/01/84
COMPARABLE THRIFT DATA
ANDB Andover Bancorp Inc. NASDAQ Andover MA 12 05/08/86
EBSI Eagle Bancshares NASDAQ Tucker GA 15 04/01/86
FAB FIRSTFED AMERICA BANCORP INC. AMSE Swansea MA 13 01/15/97
FNGB First Northern Capital Corp. NASDAQ Green Bay WI 19 12/29/83
FWWB First Washington Bancorp Inc. NASDAQ Walla Walla WA 26 11/01/95
KFBI Klamath First Bancorp NASDAQ Klamath Falls OR 35 10/05/95
MDBK Medford Bancorp Inc. NASDAQ Medford MA 16 03/18/86
MECH MECH Financial Inc. NASDAQ Hartford CT 16 06/26/96
WSTR WesterFed Financial Corp. NASDAQ Missoula MT 34 01/10/94
YFED York Financial Corp. NASDAQ York PA 22 02/01/84
- --------------------------------------------------------- -------------------------------------------------------------------------
Average
Median
Maximum
Minimum
COMMUNITY SAVINGS BANKSHARES, INC.
VARIANCE TO THE COMPARABLE MEDIAN
KEY FINANCIAL DATA AS OF THE MOST RECENT QUARTER
--------------------------- ------------------------------------------------------------------------
DEPOSIT
INSURANCE TOTAL LOANS/ LOANS/ DEPOSITS/ BORROWINGS/
AGENCY CONVERSION ASSETS DEPOSITS ASSETS ASSETS ASSETS
TICKER (BIF/SAIF) TYPE ($000) (%) (%) (%) (%)
- -------- --------------------------- ------------------------------------------------------------------------
ANDB BIF Regular 1,392,342 106.47 74.33 69.81 21.15
EBSI SAIF Regular 1,120,232 107.56 76.62 71.24 17.67
FAB SAIF Regular 1,315,743 130.09 68.68 52.80 36.03
FNGB SAIF Regular 690,372 121.05 89.05 73.56 13.92
FWWB SAIF Regular 1,362,063 126.24 69.06 54.71 31.91
KFBI SAIF Regular 1,008,688 94.57 63.69 67.34 17.25
MDBK BIF Regular 1,135,299 69.42 50.96 73.41 16.66
MECH BIF Regular 954,671 88.34 63.38 71.74 17.44
WSTR SAIF Regular 1,022,136 104.05 64.79 62.27 24.97
YFED SAIF Regular 1,229,268 91.76 79.56 86.70 2.27
- ----------------------------------- ----------------------------------------------------------
1,123,081 103.96 70.01 68.36 19.93
1,127,766 105.26 68.87 70.53 17.56
1,392,342 130.09 89.05 86.70 36.03
690,372 69.42 50.96 52.80 2.27
765,488 92.30 68.89 75.03 11.95
(362,278) (12.96) 0.02 4.51 (5.61)
42
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CAPITAL AS OF THE MOST RECENT QUARTER
------------------------------------------------------------------------ ---------------
TANGIBLE INTANGIBLE REGULATORY EQUITY + TOTAL CAPITAL/
EQUITY/ EQUITY/ ASSETS/ CORE CAP/ RESERVES/ RISK ADJUSTED NPLS/ RESERVES/
ASSETS TANG ASSETS EQUITY ASSETS ASSETS ASSETS LOANS NPLS
TICKER SHORT NAME (%) (%) (%) (%) (%) (%) (%)
- -------------------------------------------------------------------------------------------------------------------- ---------------
%CCMD Chevy Chase Bank FSB 5.45 4.51 18.12 5.90 7.03 12.25 0.95 417.95
AABC Access Anytime Bancorp Inc. 7.93 7.93 0.00 7.31 8.37 14.79 0.01 NM
ABBK Abington Bancorp Inc. 6.37 5.84 8.84 7.44 6.85 16.05 0.22 356.45
ABCL Alliance Bancorp 8.73 8.67 0.81 7.21 9.04 14.49 0.18 267.02
ABCW Anchor BanCorp Wisconsin 6.36 6.27 1.51 5.59 7.41 10.06 0.29 448.65
AFBC Advance Financial Bancorp 13.07 13.07 0.00 12.94 13.49 19.25 0.29 168.90
AFED AFSALA Bancorp Inc. 11.40 11.40 0.00 NA 12.09 NA 0.63 222.91
AHCI Ambanc Holding Co. 10.32 10.32 0.00 8.21 11.05 20.60 0.88 142.71
ALBC Albion Banc Corp. 8.49 8.49 0.00 7.51 8.84 15.57 0.61 72.86
ALBK ALBANK Financial Corp. 9.19 7.41 20.83 8.51 9.90 14.33 0.84 123.05
ALLB Alliance Bank (MHC) 10.68 10.68 0.00 10.79 11.16 26.12 0.31 278.91
AMFC AMB Financial Corp. 12.68 12.68 0.00 9.21 13.09 16.29 0.24 214.55
ANA Acadiana Bancshares Inc. 14.72 14.72 0.00 8.05 15.67 16.33 0.38 329.21
ANDB Andover Bancorp Inc. 8.2 8.20 0.00 8.21 8.94 15.13 0.49 205.01
ANE Alliance Bncp of New England 7.81 7.65 2.20 7.60 9.01 13.10 0.28 649.57
ASBI Ameriana Bancorp 12.16 11.97 1.77 10.53 12.47 19.22 0.63 67.63
ASBP ASB Financial Corp. 12.44 12.44 0.00 12.59 13.1 27.31 0.22 451.79
ASFC Astoria Financial Corp. 8.14 6.09 26.85 5.39 8.47 14.92 0.65 119.05
ATSB AmTrust Capital Corp. 10.83 10.73 0.99 10.00 11.55 17.00 2.37 43.83
AVND Avondale Financial Corp. 8.36 8.36 0.00 7.77 9.42 16.42 2.83 100.05
BANC BankAtlantic Bancorp Inc. 6.79 5.34 22.63 9.27 7.61 15.18 0.69 160.79
BCSB BCSB Bankcorp Inc. (MHC) 8.01 8.00 0.12 7.71 8.32 16.58 0.53 106.92
BDJI First Federal Bancorp. 10.45 10.45 0.00 9.02 10.81 18.17 0.09 844.23
BFD BostonFed Bancorp Inc. 7.80 7.55 3.49 7.70 8.51 15.20 0.19 437.48
BFFC Big Foot Financial Corp. 17.27 17.27 0.00 12.30 17.40 31.76 0.30 87.72
BFSB Bedford Bancshares Inc. 13.26 13.26 0.00 11.90 13.75 23.82 0.26 232.62
BKC American Bank of Connecticut 8.65 8.41 3.01 7.55 9.54 13.22 3.24 46.36
BKCT Bancorp Connecticut Inc. 9.89 9.89 0.00 9.94 11.00 17.32 0.92 227.78
BKUNA BankUnited Financial Corp. 5.44 4.64 15.38 8.83 5.61 18.08 0.48 44.51
BNKU Bank United Corp. 5.11 4.67 9.16 7.06 5.45 10.93 0.72 64.09
BPLS Bank Plus Corp. 4.32 3.98 8.22 5.15 5.53 10.78 2.25 79.41
BRBI Blue River Bancshares Inc. (44.58) (44.58) NM NA (44.58) NA NM NM
BRKL Brookline Bancorp (MHC) 32.99 32.99 0.00 26.20 34.49 NA 0.51 465.41
BTHL Bethel Bancorp 8.48 7.36 14.28 7.38 9.63 13.39 NA NA
BVCC Bay View Capital Corp. 6.89 4.58 35.16 6.04 7.71 10.43 0.38 277.50
BWFC Bank West Financial Corp. 12.83 12.83 0.00 11.27 12.99 20.88 0.66 34.48
BYFC Broadway Financial Corp. 9.90 9.90 0.00 8.03 10.69 14.26 0.80 120.40
BYS Bay State Bancorp 22.28 22.28 0.00 14.09 23.15 26.23 0.87 122.32
CAFI Camco Financial Corp. 9.89 9.36 5.98 8.83 10.18 15.82 0.47 71.45
CASB Cascade Financial Corp. 7.07 7.07 0.00 7.02 8.01 11.35 0.49 215.62
CASH First Midwest Financial Inc. 10.18 9.19 10.70 8.10 10.92 12.60 1.58 75.33
CATB Catskill Financial Corp. 22.04 22.04 0.00 19.61 22.66 56.10 0.41 346.31
CAVB Cavalry Bancorp Inc. 29.65 29.65 0.00 22.89 30.52 26.06 0.07 NM
CBCI Calumet Bancorp Inc. 17.74 17.74 0.00 11.52 18.94 17.81 0.97 159.68
CBES CBES Bancorp Inc. 13.63 13.63 0.00 10.51 14.17 12.08 0.59 98.67
CBK Citizens First Financial Corp. 13.95 13.95 0.00 11.37 14.32 18.29 0.34 133.46
CBSA Coastal Bancorp Inc. 3.85 3.37 12.88 5.78 4.15 11.89 0.86 72.24
CEBK Central Co-operative Bank 9.74 8.96 8.90 NA 10.50 NA 0.53 188.70
CENB Century Bancorp Inc. 19.34 19.34 0.00 22.75 19.91 49.55 0.47 166.67
CFB Commercial Federal Corp. 7.26 6.49 11.37 7.04 7.94 13.99 0.76 116.05
CFCP Coastal Financial Corp. 5.90 5.90 0.00 6.14 6.79 12.43 0.63 207.48
CFFC Community Financial Corp. 14.09 14.04 0.41 12.14 14.72 17.19 1.20 59.28
CFKY Columbia Financial of Kentucky 31.49 31.49 0.00 21.80 31.74 53.50 - NM
CFNC Carolina Fincorp Inc. 13.51 13.51 0.00 16.70 13.89 30.67 0.15 352.42
CFSB CFSB Bancorp Inc. 7.78 7.78 0.00 7.47 8.35 13.13 0.19 328.18
CFTP Community Federal Bancorp 22.27 22.27 0.00 19.28 22.49 47.25 0.42 97.46
CIBI Community Investors Bancorp 10.09 10.09 0.00 6.50 10.64 12.40 0.75 88.8
CITZ CFS Bancorp Inc. 6.25 NA NA 6.10 6.54 15.46 1.81 45.10
CKFB CKF Bancorp Inc. 21.57 21.57 0.00 17.02 21.78 29.58 0.09 272.00
CLAS Classic Bancshares Inc. 14.87 13.06 14.00 11.70 15.49 22.30 0.12 764.29
CMRN Cameron Financial Corp 19.86 19.86 0.00 16.45 20.58 25.41 0.47 184.62
CMSB Commonwealth Bancorp Inc. 8.43 6.77 21.23 6.02 8.84 12.10 0.60 109.84
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
ASSET QUALITY AS OF THE MOST RECENT QUARTER PROFITABILITY AS OF THE MOST RECENT QUARTER
------------------------------------------- -------------------------------------------
NPAS NPAS/ RESERVES/ RESERVES/ RETURN ON RETURN ON
ASSET EQUITY LOANS NPAS + 90 AVG ASSETS AVG EQUITY
Ticker Stock Name (%) (%) (%) (%) (%) (%)
- --------------------------------------------------------------------------------------- -------------------------------------------
%CCMD Chevy Chase Bank FSB 1.54 28.23 3.99 81.71 0.43 7.36
AABC Access Anytime Bancorp Inc. 0.08 1.04 0.67 535.05 1.37 16.61
ABBK Abington Bancorp Inc. 0.14 2.14 0.77 353.60 0.85 12.78
ABCL Alliance Bancorp 0.13 1.44 0.47 240.27 0.75 8.15
ABCW Anchor BanCorp Wisconsin 0.58 9.19 1.29 180.99 1.12 16.96
AFBC Advance Financial Bancorp 0.33 2.49 0.49 88.35 0.78 5.34
AFED AFSALA Bancorp Inc. 0.33 2.93 1.42 205.73 0.63 5.01
AHCI Ambanc Holding Co. 0.52 5.02 1.26 120.40 0.41 3.45
ALBC Albion Banc Corp. 0.47 5.56 0.44 72.86 0.53 6.18
ALBK ALBANK Financial Corp. 0.71 7.75 1.04 84.14 1.14 12.62
ALLB Alliance Bank (MHC) 0.99 9.28 0.88 45.21 0.76 6.88
AMFC AMB Financial Corp. 0.19 1.51 0.52 214.55 0.84 5.93
ANA Acadiana Bancshares Inc. 0.29 2.00 1.26 320.59 1.05 6.48
ANDB Andover Bancorp Inc. 0.38 4.62 1 195.38 1.19 15.04
ANE Alliance Bncp of New England 0.47 6.05 1.84 229.26 0.95 12.84
ASBI Ameriana Bancorp 0.49 4.07 0.43 54.99 0.98 8.55
ASBP ASB Financial Corp. 0.28 2.24 0.98 191.18 0.94 6.68
ASFC Astoria Financial Corp. 0.38 4.62 0.77 72.22 0.83 10.04
ATSB AmTrust Capital Corp. 1.81 16.68 1.04 40.38 0.41 3.87
AVND Avondale Financial Corp. 1.25 14.94 2.83 84.71 (0.90) (10.69)
BANC BankAtlantic Bancorp Inc. 0.72 10.54 1.12 100.62 0.84 13.98
BCSB BCSB Bankcorp Inc. (MHC) NA NA 0.56 NA 0.76 8.14
BDJI First Federal Bancorp. 0.16 1.55 0.78 202.30 0.71 6.67
BFD BostonFed Bancorp Inc. 0.17 2.19 0.84 413.47 0.72 8.46
BFFC Big Foot Financial Corp. 0.16 0.90 0.26 87.72 0.53 3.10
BFSB Bedford Bancshares Inc. 0.21 1.58 0.60 232.62 1.23 8.85
BKC American Bank of Connecticut 2.08 24.04 1.50 42.28 1.36 16.14
BKCT Bancorp Connecticut Inc. 0.61 6.17 2.10 181.32 1.44 14.00
BKUNA BankUnited Financial Corp. 0.46 8.54 0.21 37.03 0.29 5.62
BNKU Bank United Corp. 0.68 13.22 0.46 50.76 0.90 17.78
BPLS Bank Plus Corp. 1.75 40.45 1.79 69.27 0.18 4.19
BRBI Blue River Bancshares Inc. 0 NM 0.00 NM NA NA
BRKL Brookline Bancorp (MHC) 0.60 1.82 2.37 251.07 2.10 8.50
BTHL Bethel Bancorp NA NA 1.48 NA 0.68 7.97
BVCC Bay View Capital Corp. 0.38 5.49 1.06 218.38 0.34 5.05
BWFC Bank West Financial Corp. 0.57 4.44 0.23 28.07 0.49 3.57
BYFC Broadway Financial Corp. 1.15 11.63 0.97 68.56 0.46 4.33
BYS Bay State Bancorp 0.71 3.17 1.06 122.32 (0.63) (4.58)
CAFI Camco Financial Corp. 0.47 4.76 0.34 39.75 1.25 12.89
CASB Cascade Financial Corp. 0.54 7.69 1.07 171.37 0.83 11.99
CASH First Midwest Financial Inc. 1.24 12.16 1.19 37.96 0.71 6.60
CATB Catskill Financial Corp. 0.22 1.00 1.43 282.65 1.32 5.48
CAVB Cavalry Bancorp Inc. 0.05 0.16 1.26 NM NA NA
CBCI Calumet Bancorp Inc. 1.21 6.80 1.56 99.71 1.95 11.77
CBES CBES Bancorp Inc. 0.59 4.34 0.58 91.39 0.94 6.09
CBK Citizens First Financial Corp. 0.48 3.44 0.45 54.73 0.71 5.13
CBSA Coastal Bancorp Inc. 0.49 12.63 0.62 61.08 0.52 14.63
CEBK Central Co-operative Bank 0.40 4.11 1.00 188.70 0.85 8.64
CENB Century Bancorp Inc. 0.35 1.80 0.78 119.57 1.22 4.91
CFB Commercial Federal Corp. 0.78 10.75 0.88 86.50 0.77 11.41
CFCP Coastal Financial Corp. 0.48 8.06 1.31 188.30 1.23 19.93
CFFC Community Financial Corp. 1.30 9.23 0.71 48.66 1.00 7.30
CFKY Columbia Financial of Kentucky 0.00 0.00 0.48 63.42 NA NA
CFNC Carolina Fincorp Inc. 0.14 1.00 0.51 283.77 0.95 5.24
CFSB CFSB Bancorp Inc. 0.21 2.65 0.64 275.17 1.37 17.50
CFTP Community Federal Bancorp 0.28 1.26 0.41 78.26 1.23 4.91
CIBI Community Investors Bancorp 0.67 6.69 0.67 81.36 0.90 8.22
CITZ CFS Bancorp Inc. 0.67 10.73 0.81 42.30 NA NA
CKFB CKF Bancorp Inc. 0.08 0.37 0.24 40.24 1.34 5.97
CLAS Classic Bancshares Inc. 0.28 1.87 0.92 216.16 0.74 4.90
CMRN Cameron Financial Corp 0.40 1.99 0.87 67.46 1.14 5.45
CMSB Commonwealth Bancorp Inc. 0.41 4.86 0.66 97.65 0.58 6.23
43
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CAPITAL AS OF THE MOST RECENT QUARTER
----------------------------------------------------------------------- ---------------
TANGIBLE INTANGIBLE REGULATORY EQUITY + TOTAL CAPITAL/
EQUITY/ EQUITY/ ASSETS/ CORE CAP/ RESERVES/ RISK ADJUSTED NPLS/ RESERVES/
ASSETS TANG ASSETS EQUITY ASSETS ASSETS ASSETS LOANS NPLS
TICKER SHORT NAME (%) (%) (%) (%) (%) (%) (%)
- ------------------------------------------------------------------------------------------------------------------- ---------------
CMSV Community Savings Bnkshrs(MHC) 10.85 10.85 0.00 9.63 11.21 18.05 0.26 202.56
CNIT CENIT Bancorp Inc. 7.91 7.37 7.42 NA 8.51 NA 0.12 638.40
CNSB CNS Bancorp Inc. 24.78 24.78 0.00 20.10 25.15 41.29 0.02 NM
CNY Carver Bancorp Inc. 8.40 8.14 3.33 7.22 9.20 17.54 3.01 42.44
COFI Charter One Financial 7.47 7.06 5.87 6.27 8.03 10.94 0.36 233.08
CONE Conestoga Bancorp, Inc. 16.18 16.18 0.00 12.17 16.22 27.71 0.23 80.00
COOP Cooperative Bankshares Inc. 7.95 7.95 0.00 7.93 8.22 14.63 - NM
CRSB Crusader Holding Corp. 11.49 10.96 5.25 10.96 11.92 21.34 0.75 66.64
CRZY Crazy Woman Creek Bancorp 23.43 23.43 0.00 18.95 23.88 46.93 0.26 355.84
CSBF CSB Financial Group Inc. 23.20 22.18 5.61 21.37 23.59 48.90 1.98 34.83
CVAL Chester Valley Bancorp Inc. 8.45 8.45 0.00 7.64 9.35 14.18 0.45 274.00
DCBI Delphos Citizens Bancorp Inc. 24.15 24.15 0.00 12.60 24.25 25.00 - NM
DCOM Dime Community Bancshares Inc. 11.48 10.15 12.89 8.32 12.22 16.58 0.58 217.37
DME Dime Bancorp Inc. 6.36 5.29 17.72 6.24 6.89 11.33 1.14 60.31
DNFC D & N Financial Corp. 5.57 5.53 0.80 6.68 6.14 12.00 0.64 131.32
DSL Downey Financial Corp. 7.87 7.79 1.06 7.05 8.41 13.24 0.76 78.53
EBI Equality Bancorp Inc. 9.58 9.58 0.00 8.67 9.71 27.63 0.96 38.28
EBSI Eagle Bancshares 6.92 6.92 0.00 4.98 7.52 9.08 1.23 63.73
EFBC Empire Federal Bancorp Inc. 36.22 36.22 0.00 25.90 36.41 68.04 - NM
EFBI Enterprise Federal Bancorp 9.00 8.83 2.11 6.40 9.19 12.60 0.05 603.97
EFC EFC Bancorp Inc. 23.67 23.67 0.00 16.30 23.97 30.20 0.70 60.31
EGLB Eagle BancGroup Inc. 12.05 12.05 0.00 10.07 12.60 17.04 0.48 171.12
EMLD Emerald Financial Corp. 8.50 8.41 1.16 8.23 8.76 13.21 0.25 129.50
EQSB Equitable Federal Savings Bank 5.12 5.12 0.00 5.12 5.28 11.83 - NM
ESBF ESB Financial Corp. 7.01 6.31 10.69 6.70 7.52 17.90 1.53 87.54
ESBK Elmira Savings Bank (The) 6.27 6.27 0.00 6.28 6.93 10.35 0.79 106.93
ESX Essex Bancorp Inc. 7.02 6.97 0.85 7.28 7.98 13.39 0.80 137.51
ETFS East Texas Financial Services 17.28 17.28 0.00 14.90 17.47 39.00 0.48 78.79
FAB FIRSTFED AMERICA BANCORP INC. 8.86 8.86 0.00 7.46 9.71 16.22 0.37 331.87
FBBC First Bell Bancorp Inc. 10.16 10.16 0.00 6.69 10.26 22.28 0.06 229.23
FBCI Fidelity Bancorp Inc. 10.60 10.59 0.14 9.11 10.71 19.37 0.19 70.66
FBCV 1ST Bancorp 9.17 9.01 1.92 8.70 9.73 14.96 1.85 41.97
FBER 1st Bergen Bancorp 11.60 11.60 0.00 10.80 12.67 26.70 2.16 111.28
FBHC Fort Bend Holding Corp. 7.15 6.79 5.42 7.60 7.66 14.60 0.45 199.63
FBNW FirstBank Corp. 15.63 15.63 0.00 10.73 16.27 15.81 0.02 NM
FBSI First Bancshares Inc. 14.15 13.65 4.12 11.15 14.46 16.31 0.04 926.32
FCB Falmouth Bancorp Inc. 21.38 21.38 0.00 13.93 21.85 23.99 - NM
FCBF FCB Financial Corp. 14.62 14.62 0.00 11.79 15.34 19.31 0.28 346.44
FCBH Virginia Beach Fed. Financial 7.14 7.14 0.00 6.93 7.83 12.28 0.02 NM
FCBK First Coastal Bankshares 7.50 7.50 0.00 7.34 8.21 12.27 0.02 NM
FCME First Coastal Corp. 8.95 8.95 0.00 9.30 10.54 16.51 0.23 NM
FDEF First Defiance Financial 17.74 17.74 0.00 14.52 18.24 21.54 0.26 236.54
FDTR Federal Trust Corp. 8.45 8.45 0.00 7.53 9.19 14.33 1.24 67.83
FED FirstFed Financial Corp. 5.99 5.96 0.64 6.89 8.15 13.62 0.90 311.43
FESX First Essex Bancorp Inc. 7.14 5.28 27.42 5.03 8.00 10.01 0.64 230.83
FFBH First Federal Bancshares of AR 14.71 14.71 0.00 11.87 14.88 22.45 0.33 69.19
FFBI First Financial Bancorp Inc. 9.23 9.23 0.00 8.67 9.87 15.38 1.50 64.36
FFBS FFBS BanCorp Inc. 16.71 16.71 0.00 14.04 17.13 26.11 0.04 NM
FFBZ First Federal Bancorp Inc. 7.95 7.95 0.08 7.12 8.97 11.88 0.62 190.00
FFCH First Financial Holdings Inc. 6.49 6.49 0.00 6.54 7.15 10.80 0.65 122.23
FFDB FirstFed Bancorp Inc. 9.89 9.21 7.65 9.13 10.49 15.75 0.64 139.22
FFDF FFD Financial Corp. 17.40 17.40 0.00 16.00 17.69 29.70 0.12 329.27
FFED Fidelity Federal Bancorp 3.81 3.81 0.00 6.31 5.36 10.79 NA NA
FFES First Federal of East Hartford 7.20 7.20 0.00 7.25 7.47 24.50 1.36 95.61
FFFD North Central Bancshares Inc. 14.85 13.13 13.34 12.10 15.64 24.23 0.07 NM
FFFL Fidelity Bankshares Inc. (MHC) 6.15 5.99 2.86 7.60 6.37 15.20 0.34 99.40
FFHH FSF Financial Corp. 10.44 10.44 0.00 9.00 10.69 16.10 0.14 265.99
FFHS First Franklin Corp. 9.12 9.09 0.39 6.44 9.57 14.71 0.53 130.62
FFIC Flushing Financial Corp. 12.80 12.39 3.71 9.53 13.41 20.76 0.47 214.34
FFKY First Federal Financial Corp. 13.35 12.76 5.09 11.90 13.80 18.50 - NM
FFLC FFLC Bancorp Inc. 12.80 12.80 0.00 10.52 13.29 19.68 0.25 238.17
FFOH Fidelity Financial of Ohio 12.41 11.19 11.04 10.71 12.73 19.66 0.29 137.03
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
ASSET QUALITY AS OF THE MOST RECENT QUARTER PROFITABILITY AS OF THE MOST RECENT QUARTER
------------------------------------------- -------------------------------------------
NPAS/ NPAS/ RESERVES/ RESERVES/ RETURN ON RETURN ON
ASSETS EQUITY LOANS NPAS + 90 AVG ASSETS AVG EQUITY
Ticker Stock Name (%) (%) (%) (%) (%) (%)
- --------------------------------------------------------------------------------------- -------------------------------------------
CMSV Community Savings Bnkshrs(MHC) 0.27 2.50 0.52 133.22 0.70 6.31
CNIT CENIT Bancorp Inc. 0.17 2.13 0.75 316.10 0.91 12.66
CNSB CNS Bancorp Inc. 0.06 0.25 0.57 606.56 0.89 3.62
CNY Carver Bancorp Inc. 1.91 22.78 1.28 36.35 0.25 3.00
COFI Charter One Financial 0.31 4.16 0.84 148.17 0.89 12.38
CONE Conestoga Bancorp, Inc. 0.16 0.99 0.18 26.87 0.66 4.10
COOP Cooperative Bankshares Inc. 0.00 0.00 0.34 330.28 0.65 8.36
CRSB Crusader Holding Corp. 0.64 5.52 0.50 44.19 2.24 36.72
CRZY Crazy Woman Creek Bancorp 0.13 0.53 0.92 355.84 1.22 5.13
CSBF CSB Financial Group Inc. 1.13 4.88 0.69 34.83 0.63 2.68
CVAL Chester Valley Bancorp Inc. 0.33 3.91 1.23 274.00 1.07 12.31
DCBI Delphos Citizens Bancorp Inc. 0.00 0.00 0.12 15.93 1.45 5.56
DCOM Dime Community Bancshares Inc. 0.39 3.42 1.27 189.26 0.90 7.06
DME Dime Bancorp Inc. 1.03 16.25 0.69 50.85 0.83 14.29
DNFC D & N Financial Corp. 0.5 8.95 0.83 113.36 0.86 15.71
DSL Downey Financial Corp. 0.84 10.62 0.60 65.10 0.97 13.28
EBI Equality Bancorp Inc. 0.36 3.76 0.37 37.97 0.59 6.76
EBSI Eagle Bancshares 1.20 17.37 0.78 49.97 0.91 11.80
EFBC Empire Federal Bancorp Inc. 0.00 0.00 0.41 NM 1.45 3.94
EFBI Enterprise Federal Bancorp 0.03 0.34 0.30 333.77 0.76 7.27
EFC EFC Bancorp Inc. 0.53 2.22 0.42 57.48 (0.14) (1.27)
EGLB Eagle BancGroup Inc. 0.73 6.06 0.82 75.47 0.35 3.00
EMLD Emerald Financial Corp. 0.25 2.95 0.32 86.50 1.14 14.14
EQSB Equitable Federal Savings Bank 0.22 4.32 0.25 52.60 0.70 13.60
ESBF ESB Financial Corp. 0.6 8.61 1.34 83.44 0.67 8.73
ESBK Elmira Savings Bank (The) 0.83 13.21 0.85 80.50 0.47 7.43
ESX Essex Bancorp Inc. 1.26 17.89 1.11 76.64 (0.24) (3.13)
ETFS East Texas Financial Services 0.41 2.37 0.38 46.61 0.53 3.02
FAB FIRSTFED AMERICA BANCORP INC. 0.29 3.26 1.24 293.25 0.60 5.47
FBBC First Bell Bancorp Inc. 0.05 0.51 0.13 191.03 1.09 10.25
FBCI Fidelity Bancorp Inc. 0.24 2.27 0.14 45.86 NA NA
FBCV 1ST Bancorp 1.7 18.53 0.77 30.69 0.73 8.30
FBER 1st Bergen Bancorp 0.96 8.26 2.41 111.28 0.72 5.49
FBHC Fort Bend Holding Corp. 0.27 3.80 0.90 123.80 0.66 10.00
FBNW FirstBank Corp. 0.39 2.48 0.78 160.81 1.12 7.62
FBSI First Bancshares Inc. 0.03 0.23 0.36 24.67 1.08 7.83
FCB Falmouth Bancorp Inc. 0.00 0.00 0.65 NM 1.11 4.72
FCBF FCB Financial Corp. 0.22 1.50 0.98 327.68 1.32 9.29
FCBH Virginia Beach Fed. Financial 0.53 7.36 0.93 51.28 NA NA
FCBK First Coastal Bankshares 0.47 6.33 0.92 60.20 0.69 9.79
FCME First Coastal Corp. 0.21 2.37 2.55 650.60 0.80 8.23
FDEF First Defiance Financial 0.29 1.63 0.62 171.18 0.93 4.96
FDTR Federal Trust Corp. 1.80 21.28 0.84 41.36 NA NA
FED FirstFed Financial Corp. 0.84 14.02 2.80 256.41 0.72 13.22
FESX First Essex Bancorp Inc. 0.45 6.37 1.48 191.26 0.85 11.55
FFBH First Federal Bancshares of AR 0.85 5.80 0.23 20.75 1.00 6.71
FFBI First Financial Bancorp Inc. 1 10.81 0.97 64.36 0.14 1.65
FFBS FFBS BanCorp Inc. 0.03 0.17 0.59 72.88 1.41 7.42
FFBZ First Federal Bancorp Inc. 0.54 6.73 1.19 190.00 0.82 10.73
FFCH First Financial Holdings Inc. 1.16 17.90 0.80 56.67 0.89 14.08
FFDB FirstFed Bancorp Inc. 0.89 9.04 0.90 41.95 0.89 9.22
FFDF FFD Financial Corp. 0.09 0.52 0.38 329.27 1.06 4.65
FFED Fidelity Federal Bancorp NA NA 1.91 NA (3.12) (50.68)
FFES First Federal of East Hartford 0.30 4.18 1.30 84.42 0.59 8.70
FFFD North Central Bancshares Inc. 0.12 0.80 1.02 662.09 1.56 8.56
FFFL Fidelity Bankshares Inc. (MHC) 0.27 4.43 0.34 78.51 0.65 8.94
FFHH FSF Financial Corp. 0.20 1.96 0.37 123.88 0.79 7.31
FFHS First Franklin Corp. 0.34 3.74 0.69 49.39 0.81 8.87
FFIC Flushing Financial Corp. 0.31 2.40 1.00 198.69 0.93 7.01
FFKY First Federal Financial Corp. 0.03 0.25 0.52 84.57 1.60 11.84
FFLC FFLC Bancorp Inc. 0.26 2.00 0.59 192.43 1.00 7.62
FFOH Fidelity Financial of Ohio 0.26 2.12 0.40 121.33 0.90 7.20
44
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CAPITAL AS OF THE MOST RECENT QUARTER
---------------------------------------------------------------------------------
TANGIBLE INTANGIBLE REGULATORY EQUITY + TOTAL CAPITAL/
EQUITY/ EQUITY/ ASSETS/ CORE CAP/ RESERVES/ RISK ADJUSTED
ASSETS TANG ASSETS EQUITY ASSETS ASSETS ASSETS
TICKER SHORT NAME (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------
FFPB First Palm Beach Bancorp Inc. 6.85 6.72 2.06 7.81 7.15 16.38
FFSL First Independence Corp. 9.58 9.58 0.00 8.38 10.11 17.80
FFSX First Fed SB of Siouxland(MHC) 7.62 6.23 19.41 6.20 8.09 12.51
FFWC FFW Corp. 9.41 8.72 8.00 6.94 9.89 12.08
FFWD Wood Bancorp Inc. 13.57 13.57 0.00 8.47 13.97 13.44
FFYF FFY Financial Corp. 12.92 12.92 0.00 8.18 13.34 14.29
FGHC First Georgia Holding Inc. 8.15 7.67 6.42 8.09 8.77 10.03
FIBC Financial Bancorp Inc. 8.43 8.39 0.40 6.47 8.92 16.65
FISB First Indiana Corp. 9.15 9.06 1.08 7.75 10.55 11.35
FKAN First Kansas Financial Corp. 19.73 19.52 1.29 12.15 19.91 34.99
FKFS First Keystone Financial 6.50 6.50 0.00 8.58 6.95 21.14
FKKY Frankfort First Bancorp Inc. 16.88 16.88 0.00 17.40 16.96 33.68
FLAG FLAG Financial Corp. 8.71 8.71 0.00 8.03 9.58 12.72
FLFC First Liberty Financial Corp. 7.76 7.15 8.44 7.21 8.78 11.22
FLGS Flagstar Bancorp Inc. 5.55 5.41 2.71 5.81 6.01 11.54
FLKY First Lancaster Bancshares 26.28 26.28 0.00 24.00 26.65 38.00
FMBD First Mutual Bancorp Inc. 14.62 11.76 22.15 19.63 15.01 20.30
FMCO FMS Financial Corp. 6.08 6.04 0.77 6.89 6.56 16.74
FMSB First Mutual Savings Bank 7.23 7.23 0.00 7.25 8.30 11.67
FNGB First Northern Capital Corp. 10.89 10.89 0.00 9.70 11.38 15.75
FPRY First Financial Bancorp 6.35 6.35 0.00 6.20 7.00 10.80
FSBI Fidelity Bancorp Inc. 7.09 7.09 0.00 9.10 7.64 18.18
FSFF First SecurityFed Financial 27.19 27.14 0.29 20.24 27.78 43.24
FSLA First Source Bancorp Inc. 21.24 20.69 3.23 14.04 21.79 35.10
FSNJ Bayonne Bancshares Inc. 13.69 13.69 0.00 11.42 14.12 25.96
FSPT FirstSpartan Financial Corp. 24.30 24.30 0.00 18.44 24.73 29.92
FSSB First FS&LA of San Bernardino 4.33 4.18 3.63 4.29 5.38 8.52
FSTC First Citizens Corp. 9.98 8.34 17.95 8.43 11.00 12.36
FTF Texarkana First Financial Corp 14.88 14.88 0 14.86 15.41 25.64
FTFC First Federal Capital Corp. 7.50 7.17 4.78 6.75 7.98 12.64
FTNB Fulton Bancorp Inc. 23.15 23.15 0.00 16.94 24.04 30.19
FTSB Fort Thomas Financial Corp. 16.07 16.07 0.00 15.40 16.67 24.40
FWWB First Washington Bancorp Inc. 12.56 10.62 17.34 10.84 13.28 17.37
GAF GA Financial Inc. 12.87 12.77 0.93 12.04 13.05 31.88
GBNK Gaston Federal Bancorp (MHC) 20.29 20.29 0.00 15.59 20.96 30.61
GDW Golden West Financial 7.48 7.48 0.00 7.42 8.10 14.59
GFCO Glenway Financial Corp. 9.63 9.57 0.77 8.80 10.02 14.20
GFED Guaranty Federal Bcshs Inc. 27.18 27.18 0.00 19.30 28.03 31.80
GLMR Gilmer Financial Svcs, Inc. 9.02 9.02 0.00 8.80 9.75 19.20
GOSB GSB Financial Corp. 24.91 24.91 0.00 18.05 25.05 39.64
GPT GreenPoint Financial Corp. 9.92 5.87 43.43 7.40 10.79 15.96
GSB Golden State Bancorp Inc. 6.84 5.90 14.57 6.02 7.70 11.54
GSFC Green Street Financial Corp. 34.90 34.90 0.00 34.90 35.04 73.71
GSLA GS Financial Corp. 36.04 36.04 0.00 29.74 36.36 82.49
GTPS Great American Bancorp 18.28 18.28 0.00 NA 18.66 NA
GUPB GFSB Bancorp Inc. 11.53 11.53 0.00 9.51 11.85 18.59
HALL Hallmark Capital Corp. 7.63 7.63 0.00 7.05 8.16 12.67
HARB Harbor Florida Bancshares Inc. 19.61 19.44 1.11 13.73 20.50 28.10
HARL Harleysville Savings Bank 6.41 6.41 0.00 6.41 6.92 14.55
HARS Harris Financial Inc. (MHC) 8.12 7.40 9.62 7.10 8.52 12.99
HAVN Haven Bancorp Inc. 5.21 4.99 4.42 5.66 5.80 12.24
HBBI Home Building Bancorp 14.06 14.06 0.00 10.77 14.26 21.56
HBEI Home Bancorp of Elgin Inc. 26.11 26.11 0.00 20.42 26.42 35.41
HBFW Home Bancorp 11.92 11.92 0.00 9.56 12.31 19.46
HBNK Highland Bancorp Inc. 7.87 7.87 0.00 7.08 9.49 10.91
HBS Haywood Bancshares Inc. 14.57 14.17 3.17 NA 15.06 NA
HBSC Heritage Bancorp Inc. 31.47 31.47 0.00 NA 31.72 NA
HCBB HCB Bancshares Inc. 17.24 17.08 1.18 13.44 17.91 30.43
HCBC High Country Bancorp Inc. 18.17 18.17 0.00 13.00 18.92 21.73
HCFC Home City Financial Corp. 13.87 13.87 0.00 14.53 14.45 22.53
HEMT HF Bancorp Inc. 8.01 6.93 14.46 6.29 8.61 15.80
HFBC HopFed Bancorp Inc. 26.77 26.77 0.00 17.50 26.89 47.20
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
ASSET QUALITY AS OF THE MOST RECENT QUARTER PROFITABILITY AS OF THE MOST RECENT QUARTER
------------------------------------------- -------------------------------------------
NPLS/ RESERVES/ NPAS NPAS/ RESERVES/ RESERVES/ RETURN ON RETURN ON
LOANS NPLS ASSET EQUITY LOANS NPAS + 90 AVG ASSETS AVG EQUITY
Ticker Stock Name (%) (%) (%) (%) (%) (%) (%) (%)
- --------------------------------------------------------------------------------------- -------------------------------------------
FFPB First Palm Beach Bancorp Inc. 0.55 91.52 0.50 7.30 0.50 59.41 0.45 6.96
FFSL First Independence Corp. 0.62 115.7 0.49 5.1 0.72 95.21 0.72 7.31
FFSX First Fed SB of Siouxland(MHC) 0.44 146.30 0.42 5.55 0.64 102.36 0.71 8.39
FFWC FFW Corp. 0.51 137.73 0.43 4.56 0.70 112.49 0.99 10.33
FFWD Wood Bancorp Inc. - NM 0.02 0.13 0.48 243.12 1.43 11.12
FFYF FFY Financial Corp. 0.69 82.43 0.51 3.95 0.56 82.43 1.24 9.29
FGHC First Georgia Holding Inc. 1.69 42.19 1.65 20.23 0.71 37.32 1.16 14.15
FIBC Financial Bancorp Inc. 0.96 90.13 1.76 20.94 0.87 25.63 0.96 10.50
FISB First Indiana Corp. 1.08 153.31 1.11 12.12 1.65 125.92 1.17 12.23
FKAN First Kansas Financial Corp. 0.12 351.85 0.05 0.26 0.43 327.59 0.68 7.98
FKFS First Keystone Financial 1.39 62.40 1.21 18.65 0.87 36.94 0.75 11.13
FKKY Frankfort First Bancorp Inc. - NM 0.00 0.00 0.08 27.55 1.18 6.58
FLAG FLAG Financial Corp. 1.29 94.82 1.26 14.45 1.22 65.46 0.91 10.36
FLFC First Liberty Financial Corp. 0.81 185.54 0.77 9.98 1.51 132.28 0.69 9.13
FLGS Flagstar Bancorp Inc. 1.58 33.65 2.26 40.81 0.53 20.60 1.37 23.46
FLKY First Lancaster Bancshares 1.05 40.00 1.43 5.45 0.42 23.31 0.95 4.08
FMBD First Mutual Bancorp Inc. 0.17 281.57 0.15 1.06 0.48 115.51 0.35 2.51
FMCO FMS Financial Corp. 1.18 90.73 0.70 11.54 1.07 68.77 0.85 13.58
FMSB First Mutual Savings Bank - NM 0.05 0.68 1.26 NM 1.07 15.48
FNGB First Northern Capital Corp. 0.11 506.35 0.12 1.11 0.54 400.84 0.98 8.87
FPRY First Financial Bancorp NA NA NA NA 0.84 NA 0.57 8.95
FSBI Fidelity Bancorp Inc. 0.31 341.46 0.17 2.37 1.05 330.68 0.74 10.77
FSFF First SecurityFed Financial - NM 0.00 0.01 0.94 170.99 1.12 4.87
FSLA First Source Bancorp Inc. 0.39 264.81 0.34 1.58 1.04 159.84 1.06 8.42
FSNJ Bayonne Bancshares Inc. 0.70 130.81 0.36 2.63 0.92 96.50 0.74 5.12
FSPT FirstSpartan Financial Corp. 0.42 120.79 0.36 1.46 0.51 109.33 1.51 5.92
FSSB First FS&LA of San Bernardino 1.43 102.26 2.31 53.29 1.47 45.41 (1.18) (24.70)
FSTC First Citizens Corp. 1.48 93.86 1.08 10.83 1.39 86.37 1.50 15.02
FTF Texarkana First Financial Corp - NM 0 0 0.67 445.58 1.74 11.41
FTFC First Federal Capital Corp. 0.18 410.78 0.23 3.02 0.75 212.49 1.21 17.39
FTNB Fulton Bancorp Inc. 0.35 300.62 0.44 1.89 1.05 171.86 1.06 4.44
FTSB Fort Thomas Financial Corp. 2.10 30.74 1.93 11.98 0.65 30.61 1.18 7.39
FWWB First Washington Bancorp Inc. 0.52 197.58 0.42 3.34 1.03 164.95 1.16 8.59
GAF GA Financial Inc. 0.44 105.26 0.24 1.83 0.46 75.96 1.04 7.21
GBNK Gaston Federal Bancorp (MHC) 0.55 174.10 0.50 2.49 0.96 132.06 NA NA
GDW Golden West Financial 1.20 71.52 0.97 12.95 0.86 63.28 1.02 14.92
GFCO Glenway Financial Corp. 0.37 119.55 0.32 3.36 0.45 119.55 0.91 9.62
GFED Guaranty Federal Bcshs Inc. 0.49 216.50 0.50 1.84 1.05 168.80 1.25 5.81
GLMR Gilmer Financial Svcs, Inc. 2.51 51.93 1.65 18.25 1.30 44.52 0.06 0.59
GOSB GSB Financial Corp. 0.15 156.52 0.09 0.36 0.24 156.52 0.75 3.06
GPT GreenPoint Financial Corp. 3.40 35.79 2.54 25.61 1.22 33.98 1.11 11.57
GSB Golden State Bancorp Inc. 0.84 133.22 0.86 12.57 1.12 100.48 0.78 11.42
GSFC Green Street Financial Corp. 0.06 307.23 0.07 0.20 0.19 216.10 1.58 4.46
GSLA GS Financial Corp. 0.27 277.25 0.12 0.34 0.74 260.11 1.16 2.78
GTPS Great American Bancorp 0.02 NM 0.01 0.07 0.47 484.87 0.70 3.60
GUPB GFSB Bancorp Inc. 0.93 54.74 0.7 6.09 0.51 44.69 0.85 6.00
HALL Hallmark Capital Corp. 0.47 174.07 0.31 4.03 0.82 168.40 0.67 8.89
HARB Harbor Florida Bancshares Inc. 0.36 356.2 0.43 2.19 1.27 208.24 1.38 11.30
HARL Harleysville Savings Bank - NM 0.00 0.02 0.79 NM 0.97 14.71
HARS Harris Financial Inc. (MHC) 0.83 117.59 0.66 8.10 0.97 60.54 0.83 10.28
HAVN Haven Bancorp Inc. 0.71 137.04 0.45 8.54 0.97 132.08 0.45 7.84
HBBI Home Building Bancorp 0.99 29.02 0.67 4.79 0.29 29.02 0.75 5.70
HBEI Home Bancorp of Elgin Inc. 0.25 137.38 0.28 1.09 0.35 107.27 0.68 2.57
HBFW Home Bancorp - NM 0.00 0.00 0.43 402.90 0.85 6.84
HBNK Highland Bancorp Inc. 1.98 103.82 1.84 23.36 2.06 88.38 1.36 17.66
HBS Haywood Bancshares Inc. 0.79 83.04 0.60 4.11 0.66 82.40 0.92 6.34
HBSC Heritage Bancorp Inc. 0.63 60.53 0.44 1.38 0.38 57.25 0.95 6.91
HCBB HCB Bancshares Inc. 0.88 156.32 0.44 2.57 1.38 150.91 0.33 1.86
HCBC High Country Bancorp Inc. 0.48 191.58 0.41 2.26 0.91 181.40 0.74 5.22
HCFC Home City Financial Corp. 0.64 97.81 0.59 4.22 0.63 97.81 1.29 6.94
HEMT HF Bancorp Inc. 1.16 91.82 0.83 10.36 1.06 72.22 0.01 0.13
HFBC HopFed Bancorp Inc. - NM 0.00 0.00 0.23 107.86 1.11 8.63
45
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CAPITAL AS OF THE MOST RECENT QUARTER
----------------------------------------------------------------------- ----------------
TANGIBLE INTANGIBLE REGULATORY EQUITY + TOTAL CAPITAL/
EQUITY/ EQUITY/ ASSETS/ CORE CAP/ RESERVES/ RISK ADJUSTED NPLS/ RESERVES/
ASSETS TANG ASSETS EQUITY ASSETS ASSETS ASSETS LOANS NPLS
TICKER SHORT NAME (%) (%) (%) (%) (%) (%) (%)
- ------------------------------------------------------------------------------------------------------------------- ----------------
HFFB Harrodsburg First Fin Bancorp 26.54 26.54 0.00 22.30 26.90 43.70 - NM
HFFC HF Financial Corp. 9.93 9.93 0.00 7.76 11.19 12.78 0.51 319.81
HFGI Harrington Financial Group 4.68 4.68 0.00 6.88 4.75 21.92 0.17 126.32
HFSA Hardin Bancorp Inc. 10.11 10.11 0.00 8.82 10.30 21.68 0.28 145.30
HFWA Heritage Financial Corp. 22.58 20.94 9.19 24.40 23.43 32.90 0.13 959.89
HHFC Harvest Home Financial Corp. 10.71 10.71 0.00 NA 10.84 NA 0.18 144.19
HIFS Hingham Instit. for Savings 9.43 9.43 0.00 9.64 10.12 15.59 0.23 396.87
HLFC Home Loan Financial Corp. 38.53 38.53 0.00 25.05 38.81 51.27 - NM
HMLK Hemlock Federal Financial Corp 15.14 15.14 0.00 11.60 15.54 30.10 0.34 248.40
HMNF HMN Financial Inc. 9.76 9.03 8.24 5.86 10.16 13.16 0.07 912.30
HOMF Home Federal Bancorp 9.30 9.09 2.53 8.20 9.89 11.81 0.67 106.26
HPBC Home Port Bancorp Inc. 8.71 8.71 0.00 8.70 9.88 15.74 - NM
HRBF Harbor Federal Bancorp Inc. 12.60 12.60 0.00 NA 12.81 NA 0.50 65.53
HRBT Hudson River Bancorp 6.98 6.95 0.41 9.33 7.95 13.89 2.86 65.44
HRZB Horizon Financial Corp. 15.44 15.44 0.00 15.44 16.15 29.00 0.03 NM
HSTD Homestead Bancorp Inc. 7.21 7.21 0.00 7.20 7.54 19.72 0.58 119.47
HTHR Hawthorne Financial Corp. 3.97 3.97 0.00 7.09 5.18 11.14 5.38 24.38
HWEN Home Financial Bancorp 17.64 17.64 0.00 15.10 18.39 26.20 0.72 129.55
HZFS Horizon Financial Svcs Corp. 9.44 9.44 0.00 7.30 9.82 13.20 1.64 37.74
ICBC Independence Comm. Bank Corp. 20.07 19.16 5.59 13.49 20.88 23.73 0.35 386.19
IFSB Independence Federal Svgs Bank 7.96 7.32 8.65 7.20 8.22 20.60 NA NA
INBI Industrial Bancorp Inc. 15.97 15.97 0.00 10.28 16.45 19.63 0.26 205.50
IPSW Ipswich Savings Bank 5.58 5.58 0.00 5.50 6.33 11.15 0.55 171.50
ITLA ITLA Capital Corp. 10.43 10.41 0.27 8.40 11.93 10.40 0.89 198.04
IWBK InterWest Bancorp Inc. 7.15 6.94 3.07 6.95 7.69 13.24 0.55 159.53
JSB JSB Financial Inc. 24.31 24.31 0.00 17.34 24.68 21.56 0.17 324.92
JSBA Jefferson Savings Bancorp Inc. 9.71 8.01 19.00 8.01 10.25 14.99 0.45 162.94
JXSB Jacksonville Savings Bk (MHC) 10.54 10.54 0.00 10.49 10.99 15.70 0.68 87.67
JXVL Jacksonville Bancorp Inc. 14.46 14.46 0.00 13.89 14.94 26.26 0.54 116.75
KFBI Klamath First Bancorp 13.98 12.96 8.40 10.92 14.14 21.84 0.07 351.18
KNK Kankakee Bancorp Inc. 9.76 8.46 14.56 6.99 10.36 13.47 0.60 161.56
KSAV KS Bancorp Inc. 12.81 12.81 0.02 NA 13.10 12.03 0.53 64.74
KSBK KSB Bancorp Inc. 7.96 7.06 12.10 7.07 8.88 11.10 1.93 58.90
KYF Kentucky First Bancorp Inc. 17.56 17.56 0.00 15.12 18.03 27.27 0.06 NM
LARK Landmark Bancshares Inc. 13.07 13.07 0.00 10.12 13.56 20.12 0.03 NM
LARL Laurel Capital Group Inc. 10.64 10.64 0.00 10.44 11.47 21.09 0.36 330.12
LFBI Little Falls Bancorp Inc. 10.51 9.82 7.25 8.05 10.87 NA 0.52 158.43
LFCO Life Financial Corp. 12.64 12.64 0.00 6.66 13.00 9.55 2.05 22.97
LFED Leeds Federal Bankshares (MHC) 16.29 16.29 0.00 15.80 16.53 33.26 1.31 28.70
LIBB Liberty Bancorp Inc. (MHC) 13.13 13.13 0.00 9.47 13.42 23.98 0.47 95.89
LO Local Financial Corp. 5.40 5.02 7.53 11.62 6.69 19.45 0.11 NM
LOGN Logansport Financial Corp. 18.82 18.82 0.00 18.74 19.09 34.80 0.34 103.45
LONF London Financial Corp. 13.76 13.76 0.00 16.00 14.24 31.48 0.26 238.16
LSBI LSB Financial Corp. 8.40 8.40 0.00 7.70 9.11 12.39 1.37 58.59
LSBX Lawrence Savings Bank 12.07 12.07 0.00 10.50 12.99 18.09 0.14 NM
LVSB Lakeview Financial Corp. 9.53 6.60 32.93 NA 10.29 NA NA NA
LXMO Lexington B&L Financial Corp. 16.06 15.14 6.73 21.90 16.69 42.30 0.71 133.71
MAFB MAF Bancorp Inc. 7.84 7.06 10.75 6.88 8.28 13.95 0.39 139.86
MARN Marion Capital Holdings 19.41 19.08 2.13 17.58 20.49 27.13 1.16 107.69
MASB MASSBANK Corp. 11.76 11.63 1.31 10.63 12.02 34.75 0.61 137.27
MBBC Monterey Bay Bancorp Inc. 10.76 9.94 8.47 7.94 11.38 15.25 0.88 121.86
MBLF MBLA Financial Corp. 13.70 13.70 0.00 13.20 14.04 32.10 0.67 74.68
MBSP Mitchell Bancorp Inc. 39.22 39.22 0.00 31.80 39.76 60.90 0.83 86.58
MCBN Mid-Coast Bancorp Inc. 8.02 8.02 0.00 7.97 8.57 14.69 0.18 386.02
MDBK Medford Bancorp Inc. 8.94 8.52 5.11 8.54 9.55 15.62 0.34 346.52
MECH MECH Financial Inc. 9.71 9.71 0.00 9.61 11.07 16.65 0.62 345.41
METF Metropolitan Financial Corp. 3.73 3.47 7.22 6.02 4.35 8.32 1.44 53.11
MFBC MFB Corp. 11.38 11.38 0.00 10.49 11.52 18.65 0.08 232.04
MFFC Milton Federal Financial Corp. 11.07 11.07 0.00 9.74 11.35 20.32 0.23 175.00
MFLR Mayflower Co-operative Bank 9.23 9.12 1.40 9.23 10.05 14.45 1.10 139.78
MIFC Mid-Iowa Financial Corp. 9.93 9.92 0.08 8.09 10.16 19.65 0.14 305.88
MIVI Mississippi View Holding Co. 18.18 18.18 0.00 16.36 19.44 33.09 0.65 290.24
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
ASSET QUALITY AS OF THE MOST RECENT QUARTER PROFITABILITY AS OF THE MOST RECENT QUARTER
------------------------------------------- -------------------------------------------
NPAS NPAS/ RESERVES/ RESERVES/ RETURN ON RETURN ON
ASSETS EQUITY LOANS NPAS + 90 AVG ASSETS AVG EQUITY
Ticker Stock Name (%) (%) (%) (%) (%) (%)
- ---------------------------------------------------------------------------------------- ------------------------------------------
HFFB Harrodsburg First Fin Bancorp 0.00 0.00 0.48 66.83 1.36 5.07
HFFC HF Financial Corp. 0.44 4.38 1.62 239.17 1.13 11.73
HFGI Harrington Financial Group 0.18 3.93 0.22 40.45 (0.34) (7.56)
HFSA Hardin Bancorp Inc. 0.14 1.34 0.40 145.30 0.70 6.18
HFWA Heritage Financial Corp. 0.11 0.48 1.28 760.09 1.24 6.15
HHFC Harvest Home Financial Corp. 0.09 0.84 0.25 144.19 0.59 5.26
HIFS Hingham Instit. for Savings 0.17 1.84 0.90 396.87 1.26 13.06
HLFC Home Loan Financial Corp. 0 0.00 0.39 92.92 1.38 5.40
HMLK Hemlock Federal Financial Corp 0.16 1.07 0.84 248.40 0.93 5.36
HMNF HMN Financial Inc. 0.05 0.47 0.61 449.77 0.80 6.34
HOMF Home Federal Bancorp 0.59 6.32 0.71 100.21 1.47 16.66
HPBC Home Port Bancorp Inc. 0.00 0.00 1.38 453.64 1.45 14.53
HRBF Harbor Federal Bancorp Inc. 0.32 2.57 0.33 65.53 0.78 6.09
HRBT Hudson River Bancorp 1.66 23.80 1.87 58.37 NA NA
HRZB Horizon Financial Corp. 0.02 0.14 0.88 NM 1.57 10.00
HSTD Homestead Bancorp Inc. 0.27 3.81 0.69 119.47 0.53 5.67
HTHR Hawthorne Financial Corp. 5.28 132.89 1.31 22.92 1.02 20.59
HWEN Home Financial Bancorp 1.1 6.22 0.93 68.52 0.93 5.34
HZFS Horizon Financial Svcs Corp. 1.03 10.86 0.62 37.74 0.67 6.97
ICBC Independence Comm. Bank Corp. 0.22 1.08 1.34 135.71 NA NA
IFSB Independence Federal Svgs Bank NA NA 0.42 NA 1.24 17.15
INBI Industrial Bancorp Inc. 0.23 1.47 0.54 159.91 1.47 8.81
IPSW Ipswich Savings Bank 0.80 14.40 0.94 92.60 1.19 21.98
ITLA ITLA Capital Corp. 1.07 10.26 1.75 139.44 1.44 13.80
IWBK InterWest Bancorp Inc. 0.67 9.38 0.88 80.89 0.89 12.98
JSB JSB Financial Inc. 0.14 0.58 0.54 238.05 3.00 12.76
JSBA Jefferson Savings Bancorp Inc. 0.70 7.19 0.73 72.40 0.72 7.71
JXSB Jacksonville Savings Bk (MHC) 0.68 6.46 0.59 65.11 0.60 5.71
JXVL Jacksonville Bancorp Inc. 0.62 4.28 0.63 78.01 1.33 9.13
KFBI Klamath First Bancorp 0.05 0.33 0.26 351.18 0.92 6.11
KNK Kankakee Bancorp Inc. 0.71 7.32 0.97 53.91 0.78 7.51
KSAV KS Bancorp Inc. 0.44 3.44 0.34 64.74 1.09 8.37
KSBK KSB Bancorp Inc. 1.74 21.88 1.14 52.91 1.13 14.97
KYF Kentucky First Bancorp Inc. 0.04 0.22 0.78 272.34 1.07 6.35
LARK Landmark Bancshares Inc. 0.06 0.47 0.66 196.35 1.06 7.64
LARL Laurel Capital Group Inc. 0.32 2.99 1.20 263.07 1.43 13.58
LFBI Little Falls Bancorp Inc. 0.33 3.16 0.82 108.65 0.57 5.01
LFCO Life Financial Corp. 2.02 15.99 0.47 18.00 3.66 25.64
LFED Leeds Federal Bankshares (MHC) 0.83 5.11 0.38 28.70 1.13 6.86
LIBB Liberty Bancorp Inc. (MHC) 0.35 2.68 0.45 82.98 0.62 7.96
LO Local Financial Corp. 0.10 1.85 2.15 NM NA NA
LOGN Logansport Financial Corp. 0.26 1.37 0.36 103.45 1.48 7.79
LONF London Financial Corp. 0.2 1.46 0.62 238.16 1.08 5.62
LSBI LSB Financial Corp. 1.20 14.23 0.80 58.59 0.84 9.90
LSBX Lawrence Savings Bank 0.24 1.96 1.74 389.46 2.58 25.27
LVSB Lakeview Financial Corp. NA NA 1.54 NA 1.72 15.95
LXMO Lexington B&L Financial Corp. 0.47 2.95 0.95 130.50 0.78 3.83
MAFB MAF Bancorp Inc. 0.50 6.43 0.55 81.33 1.08 14.00
MARN Marion Capital Holdings 1.02 5.23 1.25 105.99 1.25 5.94
MASB MASSBANK Corp. 0.20 1.67 0.84 131.93 1.16 10.40
MBBC Monterey Bay Bancorp Inc. 0.55 5.12 1.08 112.07 0.31 2.80
MBLF MBLA Financial Corp. 0.45 3.32 0.50 74.68 0.86 6.65
MBSP Mitchell Bancorp Inc. 1.54 3.94 0.72 34.72 1.23 3.11
MCBN Mid-Coast Bancorp Inc. 0.38 4.79 0.70 79.42 0.69 8.30
MDBK Medford Bancorp Inc. 0.18 2.00 1.19 338.34 1.07 11.84
MECH MECH Financial Inc. 0.46 4.72 2.14 296.39 0.97 9.71
METF Metropolitan Financial Corp. 1.3 34.90 0.77 42.45 0.71 18.08
MFBC MFB Corp. 0.06 0.55 0.18 131.25 0.80 6.44
MFFC Milton Federal Financial Corp. 0.16 1.43 0.40 67.74 0.69 5.80
MFLR Mayflower Co-operative Bank 0.59 6.34 1.54 134.79 1.13 11.78
MIFC Mid-Iowa Financial Corp. 0.14 1.43 0.44 161.66 1.02 10.95
MIVI Mississippi View Holding Co. 0.43 2.38 1.90 225.65 1.08 6.37
46
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CAPITAL AS OF THE MOST RECENT QUARTER
-----------------------------------------------------------------
TANGIBLE INTANGIBLE REGULATORY EQUITY + TOTAL CAPITAL/
EQUITY/ EQUITY/ ASSETS/ CORE CAP/ RESERVES/ RISK ADJUSTED
ASSETS TANG ASSETS EQUITY ASSETS ASSETS ASSETS
TICKER SHORT NAME (%) (%) (%) (%) (%)
- -------------------------------------------------------------------------------------------------------------
MONT Montgomery Financial Corp. 17.13 17.13 0.00 13.42 17.28 20.94
MRKF Market Financial Corp. 29.33 29.33 0.00 25.77 29.43 60.16
MSBF MSB Financial Inc. 16.65 16.65 0.00 12.33 17.14 20.73
MSBK Mutual Savings Bank FSB 5.55 5.55 0.00 5.60 5.84 12.81
MWBI Midwest Bancshares Inc. 7.15 7.15 0.00 6.40 7.44 14.75
MWBX MetroWest Bank 7.34 7.34 0.00 7.59 8.85 11.48
MYST Mystic Financial Inc. 18.15 18.15 0.00 17.93 18.77 37.98
NASB NASB Financial Inc. 8.49 8.26 2.92 8.40 9.35 14.00
NBCP Niagara Bancorp Inc. (MHC) 19.03 19.03 0.00 19.10 19.58 35.63
NBN Northeast Bancorp 7.79 7.24 7.65 6.90 8.72 11.00
NBSI North Bancshares Inc. 10.82 10.82 0.00 9.72 10.99 27.12
NEIB Northeast Indiana Bancorp 13.04 13.04 0.00 11.12 13.69 18.17
NEP Northeast PA Financial Corp. 17.78 17.78 0.00 12.10 18.20 24.20
NHTB New Hampshire Thrift Bncshrs 8.14 7.19 12.64 6.73 9.09 12.55
NMSB NewMil Bancorp Inc. 9.09 9.09 0.00 9.28 10.45 21.26
NSLB NS&L Bancorp Inc. 18.48 18.37 0.70 14.98 18.56 34.78
NSSY NSS Bancorp Inc. 8.46 8.27 2.47 7.92 9.28 15.51
NTBK Net.B@nk Inc. 15.13 15.01 0.92 10.01 16.63 13.33
NTMG Nutmeg Federal S&LA 8.30 8.30 0.00 8.22 8.76 13.26
NWEQ Northwest Equity Corp. 12.19 12.19 0.00 9.52 12.68 15.55
NWSB Northwest Bancorp Inc. (MHC) 8.50 7.71 10.13 7.82 9.12 15.91
OCFC Ocean Financial Corp. 13.71 13.65 0.49 11.66 14.16 26.60
OCN Ocwen Financial Corp. 12.19 11.27 8.51 9.64 12.96 16.11
OFCP Ottawa Financial Corp. 8.23 6.84 18.03 6.45 8.62 10.45
OHSL OHSL Financial Corp. 10.83 10.83 0.00 8.94 11.05 18.03
OSFS Ohio State Financial Services 27.08 27.08 0.00 27.08 27.45 46.45
OTFC Oregon Trail Financial Corp. 26.50 26.50 0.00 18.69 26.86 36.31
PBCI Pamrapo Bancorp Inc. 12.47 12.42 0.49 11.74 13.06 25.20
PBCT People's Bank (MHC) 9.42 8.22 13.83 8.20 10.52 13.00
PBHC Pathfinder Bancorp Inc. (MHC) 11.89 10.33 14.64 8.34 12.3 14.22
PBKB People's Bancshares Inc. 3.78 3.63 4.21 5.03 4.30 12.83
PBOC PBOC Holdings Inc. 5.76 5.76 0.00 6.31 6.33 12.31
PCBC Perry County Financial Corp. 18.47 18.47 0.00 15.20 18.50 65.50
PDB Piedmont Bancorp Inc. 16.55 16.55 0.00 14.87 17.28 28.41
PEDE Great Pee Dee Bancorp 46.02 46.02 0.00 35.10 46.53 76.10
PEEK Peekskill Financial Corp. 21.57 21.57 0.00 21.80 21.91 88.60
PERM Permanent Bancorp Inc. 8.58 7.11 18.41 6.28 8.98 13.67
PFDC Peoples Bancorp 14.97 14.97 0.00 12.50 15.27 24.70
PFED Park Bancorp Inc. 20.34 20.34 0.00 12.80 20.59 35.60
PFFB PFF Bancorp Inc. 8.04 7.97 1.04 6.35 8.89 12.82
PFFC Peoples Financial Corp. 17.34 17.34 0.00 15.51 17.56 28.91
PFNC Progress Financial Corp. 6.92 6.22 10.79 6.65 7.64 11.75
PFSB PennFed Financial Services Inc 6.68 5.86 13.00 7.11 6.86 15.16
PFSL Pocahontas Bancorp Inc. 14.45 14.05 3.19 NA 14.86 NA
PHBK Peoples Heritage Finl Group 7.41 6.23 16.91 7.16 8.31 12.36
PHFC Pittsburgh Home Financial Corp 6.93 6.87 1.08 8.18 7.36 19.03
PHSB Peoples Home Savings Bk (MHC) 12.67 12.67 0.00 12.25 13.23 29.66
PLSK Pulaski Savings Bank (MHC) 11.83 11.83 0.00 11.83 12.35 28.08
PRBC Prestige Bancorp Inc. 9.67 9.67 0.00 7.93 9.95 16.76
PROV Provident Financial Holdings 10.62 10.62 0.00 8.09 11.38 14.12
PSBI PSB Bancorp Inc. 10.36 10.35 0.05 NA 10.59 NA
PSFC Peoples-Sidney Financial Corp. 18.53 18.53 0.00 17.30 18.93 27.60
PSFI PS Financial Inc. 26.78 26.78 0.00 17.98 26.99 38.78
PTRS Potters Financial Corp. 8.53 8.53 0.00 7.82 10.25 16.20
PULB Pulaski Bank, FSB (MHC) 13.37 13.37 0.00 13.33 13.76 24.60
PULS Pulse Bancorp 8.44 8.44 0.00 7.69 8.80 26.01
PVFC PVF Capital Corp. 7.20 7.20 0.00 7.21 7.82 10.93
PVSA Parkvale Financial Corp. 7.67 7.64 0.46 7.11 8.88 14.27
PWBK Pennwood Bancorp Inc. 17.28 17.28 0.00 17.75 18.13 31.90
QCBC Quaker City Bancorp Inc. 8.71 8.71 0.00 7.44 9.60 12.97
QCFB QCF Bancorp Inc. 17.50 17.50 0.00 13.43 18.34 29.90
QCSB Queens County Bancorp Inc. 9.89 9.89 0.00 9.44 10.44 15.30
ASSET QUALITY AS OF THE MOST RECENT QUARTER
------------------------------------------------------------
NPLS/ RESERVES/ NPAS/ NPAS/ RESERVES/ RESERVES/
LOANS NPLS ASSET EQUITY LOANS NPAS + 90
Ticker Stock Name (%) (%) (%) (%) (%) (%)
- ------------------------------------------ ------------------------------------------------------------
MONT Montgomery Financial Corp. 0.65 28.53 0.72 4.19 0.19 20.37
MRKF Market Financial Corp. - NM 0.00 0.00 0.16 24.64
MSBF MSB Financial Inc. 0.45 118.48 0.41 2.48 0.53 62.16
MSBK Mutual Savings Bank FSB 0.09 578.88 0.09 1.65 0.54 312.66
MWBI Midwest Bancshares Inc. 0.39 123.45 0.66 9.18 0.48 43.79
MWBX MetroWest Bank 0.36 602.54 0.45 6.12 2.16 236.24
MYST Mystic Financial Inc. 0.11 824 0.08 0.42 0.9 824
NASB NASB Financial Inc. 2.93 33.69 3.07 36.15 0.99 27.86
NBCP Niagara Bancorp Inc. (MHC) 0.57 189.19 0.29 1.53 1.07 188.17
NBN Northeast Bancorp 0.80 132.47 0.81 10.33 1.05 114.63
NBSI North Bancshares Inc. - NM 0.00 0.00 0.27 NM
NEIB Northeast Indiana Bancorp 0.46 161.27 0.41 3.11 0.73 159.71
NEP Northeast PA Financial Corp. 0.34 211.95 0.23 1.31 0.72 182.16
NHTB New Hampshire Thrift Bncshrs 1.04 117.19 1.00 12.23 1.21 95.48
NMSB NewMil Bancorp Inc. 0.45 657.56 0.29 3.16 2.98 297.15
NSLB NS&L Bancorp Inc. 0.02 714.29 0.01 0.06 0.14 41.67
NSSY NSS Bancorp Inc. 0.86 147.35 0.63 7.40 1.27 NA
NTBK Net.B@nk Inc. - NM 0.00 0.00 1.93 NM
NTMG Nutmeg Federal S&LA NA NA NA NA 0.53 NA
NWEQ Northwest Equity Corp. 1.69 35.20 1.71 14.06 0.60 28.33
NWSB Northwest Bancorp Inc. (MHC) 0.48 169.80 0.50 5.87 0.82 123.26
OCFC Ocean Financial Corp. 0.65 122.84 0.4 2.92 0.80 114.22
OCN Ocwen Financial Corp. 4.32 30.22 6.87 56.38 1.31 11.20
OFCP Ottawa Financial Corp. 0.44 105.93 0.49 5.91 0.46 79.48
OHSL OHSL Financial Corp. 0.01 NM 0.04 0.41 0.32 134.65
OSFS Ohio State Financial Services 0.68 83.93 0.44 1.61 0.57 83.93
OTFC Oregon Trail Financial Corp. 0.20 284.66 0.18 0.66 0.57 206.22
PBCI Pamrapo Bancorp Inc. 1.97 52.22 1.48 11.88 1.03 35.55
PBCT People's Bank (MHC) 1.00 172.09 0.70 7.48 1.72 156.79
PBHC Pathfinder Bancorp Inc. (MHC) 1.09 57.58 1.3 10.92 0.63 32.06
PBKB People's Bancshares Inc. 0.58 151.26 0.35 9.18 0.88 149.48
PBOC PBOC Holdings Inc. 0.93 93.27 0.89 15.53 0.87 64.27
PCBC Perry County Financial Corp. - NM 0.00 0.00 0.16 NM
PDB Piedmont Bancorp Inc. 0.86 102.48 0.71 4.30 0.89 102.48
PEDE Great Pee Dee Bancorp 0.56 110.28 0.48 1.05 0.62 107.27
PEEK Peekskill Financial Corp. 2.32 60.84 0.61 2.81 1.41 43.03
PERM Permanent Bancorp Inc. 0.30 249.88 0.18 2.08 0.75 223.89
PFDC Peoples Bancorp 0.19 191.29 0.16 1.06 0.36 172.98
PFED Park Bancorp Inc. 0.17 390.63 0.07 0.32 0.67 390.63
PFFB PFF Bancorp Inc. 1.31 103.87 1.06 13.22 1.36 79.87
PFFC Peoples Financial Corp. 0.20 151.61 0.15 0.84 0.30 151.61
PFNC Progress Financial Corp. 0.59 197.39 0.41 5.95 1.16 90.50
PFSB PennFed Financial Services Inc 0.47 53.83 0.44 6.56 0.25 40.82
PFSL Pocahontas Bancorp Inc. 0.46 190.73 0.22 1.53 0.88 159.98
PHBK Peoples Heritage Finl Group 0.79 158.84 0.68 9.23 1.25 114.76
PHFC Pittsburgh Home Financial Corp 1.70 44.19 1.24 17.89 0.75 33.90
PHSB Peoples Home Savings Bk (MHC) 0.66 199.84 0.28 2.23 1.31 173.78
PLSK Pulaski Savings Bank (MHC) 1.11 87.69 0.63 5.32 0.97 82.57
PRBC Prestige Bancorp Inc. 0.29 140.81 0.35 3.59 0.41 79.16
PROV Provident Financial Holdings 0.58 154.42 1.04 9.76 0.89 73.18
PSBI PSB Bancorp Inc. NA NA NA NA 0.46 NA
PSFC Peoples-Sidney Financial Corp. 0.75 59.75 0.67 3.63 0.45 44.42
PSFI PS Financial Inc. 0.74 50.85 0.41 1.55 0.37 50.85
PTRS Potters Financial Corp. 0.43 541.52 0.32 3.72 2.35 541.52
PULB Pulaski Bank, FSB (MHC) NA NA NA NA 0.51 NA
PULS Pulse Bancorp 0.05 NM 0.26 3.07 1.33 78.83
PVFC PVF Capital Corp. 0.88 81.85 0.92 12.76 0.72 64.83
PVSA Parkvale Financial Corp. 0.28 558.88 0.43 5.62 1.56 279.67
PWBK Pennwood Bancorp Inc. 0.95 121.36 0.72 4.20 1.15 58.95
QCBC Quaker City Bancorp Inc. 1.02 110.93 1.11 12.75 1.13 80.77
QCFB QCF Bancorp Inc. NA NA NA NA 1.92 NA
QCSB Queens County Bancorp Inc. 0.38 168.74 0.39 3.89 0.64 110.42
PROFITABILITY AS OF THE MOST RECENT QUARTER
-------------------------------------------
RETURN ON RETURN ON
AVG ASSETS AVG EQUITY
Ticker Stock Name (%) (%)
- ------------------------------------------ -------------------------------------------
MONT Montgomery Financial Corp. 0.92 4.97
MRKF Market Financial Corp. 1.09 3.15
MSBF MSB Financial Inc. 1.57 9.39
MSBK Mutual Savings Bank FSB (1.26) (22.54)
MWBI Midwest Bancshares Inc. 0.95 13.56
MWBX MetroWest Bank 1.27 17.13
MYST Mystic Financial Inc. 0.90 6.70
NASB NASB Financial Inc. 1.67 21.15
NBCP Niagara Bancorp Inc. (MHC) 0.65 5.04
NBN Northeast Bancorp 0.83 10.35
NBSI North Bancshares Inc. 0.37 2.94
NEIB Northeast Indiana Bancorp 1.18 8.55
NEP Northeast PA Financial Corp. (0.36) (2.92)
NHTB New Hampshire Thrift Bncshrs 0.92 11.82
NMSB NewMil Bancorp Inc. 0.88 9.04
NSLB NS&L Bancorp Inc. 0.69 3.58
NSSY NSS Bancorp Inc. 0.90 10.77
NTBK Net.B@nk Inc. 0.66 2.52
NTMG Nutmeg Federal S&LA 1.02 12.39
NWEQ Northwest Equity Corp. 1.22 10.48
NWSB Northwest Bancorp Inc. (MHC) 0.94 10.29
OCFC Ocean Financial Corp. 0.92 6.38
OCN Ocwen Financial Corp. 0.84 6.98
OFCP Ottawa Financial Corp. 0.89 10.46
OHSL OHSL Financial Corp. 0.86 7.94
OSFS Ohio State Financial Services 0.98 6.13
OTFC Oregon Trail Financial Corp. 1.09 4.76
PBCI Pamrapo Bancorp Inc. 1.25 9.69
PBCT People's Bank (MHC) 1.24 13.73
PBHC Pathfinder Bancorp Inc. (MHC) 0.75 6.38
PBKB People's Bancshares Inc. 0.74 17.97
PBOC PBOC Holdings Inc. NA NA
PCBC Perry County Financial Corp. 0.98 5.14
PDB Piedmont Bancorp Inc. 1.27 7.75
PEDE Great Pee Dee Bancorp 1.40 5.27
PEEK Peekskill Financial Corp. 0.98 4.02
PERM Permanent Bancorp Inc. 0.61 6.30
PFDC Peoples Bancorp 1.45 9.56
PFED Park Bancorp Inc. 0.92 4.28
PFFB PFF Bancorp Inc. 0.61 6.43
PFFC Peoples Financial Corp. 1.06 5.35
PFNC Progress Financial Corp. 0.84 14.86
PFSB PennFed Financial Services Inc 0.78 10.96
PFSL Pocahontas Bancorp Inc. 0.69 7.30
PHBK Peoples Heritage Finl Group 0.94 12.53
PHFC Pittsburgh Home Financial Corp 0.69 8.03
PHSB Peoples Home Savings Bk (MHC) 0.81 6.20
PLSK Pulaski Savings Bank (MHC) 0.54 4.60
PRBC Prestige Bancorp Inc. 0.47 4.44
PROV Provident Financial Holdings 0.71 5.98
PSBI PSB Bancorp Inc. 0.55 4.82
PSFC Peoples-Sidney Financial Corp. 1.18 5.44
PSFI PS Financial Inc. 1.00 3.20
PTRS Potters Financial Corp. 0.77 8.58
PULB Pulaski Bank, FSB (MHC) 1.08 8.12
PULS Pulse Bancorp 1.04 12.66
PVFC PVF Capital Corp. 1.23 17.11
PVSA Parkvale Financial Corp. 1.08 14.59
PWBK Pennwood Bancorp Inc. 0.59 3.24
QCBC Quaker City Bancorp Inc. 0.78 8.96
QCFB QCF Bancorp Inc. 1.72 9.82
QCSB Queens County Bancorp Inc. 1.51 14.38
47
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CAPITAL AS OF THE MOST RECENT QUARTER
--------------------------------------------------------------------------------------
TANGIBLE INTANGIBLE REGULATORY EQUITY + TOTAL CAPITAL/
EQUITY/ EQUITY/ ASSETS/ CORE CAP/ RESERVES/ RISK ADJUSTED
ASSETS TANG ASSETS EQUITY ASSETS ASSETS ASSETS
TICKER SHORT NAME (%) (%) (%) (%) (%)
- ----------------------------------------------------------------------------------------------------------------------------------
RARB Raritan Bancorp Inc. 7.33 7.25 1.17 7.28 8.12 12.86
RCBK Richmond County Financial Corp 20.59 20.53 0.36 23.87 21.05 24.81
RELI Reliance Bancshares Inc. 52.90 52.90 0.00 48.92 53.30 49.32
RELY Reliance Bancorp Inc. 7.84 5.60 30.24 6.09 8.20 15.29
RIVR River Valley Bancorp 13.63 13.48 1.25 NA 14.51 NA
ROSE TR Financial Corp. 6.23 6.23 0.00 6.14 6.60 17.96
RSLN Roslyn Bancorp Inc. 15.43 15.37 0.45 11.00 16.06 22.84
RVSB Riverview Bancorp Inc. 23.07 22.51 3.10 17.80 23.46 34.13
SBAN SouthBanc Shares Inc. 20.75 20.75 0.00 14.73 21.31 23.94
SBFL Finger Lakes Financial (MHC) 8.46 8.46 0.00 8.41 8.92 19.12
SBOS Boston Bancorp (The) 12.34 12.34 0.00 10.06 12.45 26.75
SCBS Southern Community Bancshares 17.34 17.34 0.00 NA 18.50 NA
SCCB S. Carolina Community Bancshrs 20.38 20.38 0.00 18.30 21.02 39.80
SFED SFS Bancorp Inc. 12.31 12.31 0.00 12.30 12.79 23.57
SFFC StateFed Financial Corp. 17.91 17.91 0.00 11.18 18.14 19.31
SFIN Statewide Financial Corp. 9.72 9.71 0.14 9.04 10.17 21.23
SFSL Security First Corp. 9.90 9.78 1.30 7.64 10.66 10.69
SGVB SGV Bancorp Inc. 7.89 7.81 1.20 6.86 8.24 15.08
SHSB SHS Bancorp Inc. 13.85 13.85 0.00 11.06 14.35 24.53
SIB Staten Island Bancorp Inc. 23.54 23.09 2.49 14.46 24.07 35.03
SISB SIS Bancorp Inc. 7.14 7.14 0.00 7.23 8.42 12.37
SKAN Skaneateles Bancorp Inc. 6.88 6.73 2.36 6.71 7.87 11.23
SKBO First Carnegie Deposit (MHC) 16.80 16.80 0.00 16.80 17.18 52.20
SMBC Southern Missouri Bancorp Inc. 15.46 15.46 0.00 13.69 16.29 25.60
SOBI Sobieski Bancorp Inc. 13.91 13.91 0.00 10.23 14.17 20.69
SOPN First Savings Bancorp Inc. 22.86 22.86 0.00 22.85 23.06 48.67
SPBC St. Paul Bancorp Inc. 9.60 9.56 0.40 8.69 10.34 16.10
SRN Southern Banc Co. 17.67 17.56 0.74 14.90 17.74 56.90
SSB Scotland Bancorp Inc. 24.93 24.93 0.00 21.02 25.34 42.43
SSFC South Street Financial Corp. 16.93 16.93 0.00 15.82 17.14 43.11
SSM Stone Street Bancorp Inc. 27.33 27.33 0.00 24.03 27.89 40.69
STFR St. Francis Capital Corp. 7.46 6.73 10.53 6.84 7.88 12.21
STSA Sterling Financial Corp. 5.09 2.07 60.62 6.49 5.76 11.17
SVRN Sovereign Bancorp Inc. 5.51 4.88 11.88 5.71 6.10 12.99
SWCB Sandwich Bancorp Inc. 8.39 8.18 2.78 8.29 9.18 16.46
SZB SouthFirst Bancshares Inc. 9.94 9.72 2.48 9.00 10.40 19.68
TBFC Telebanc Financial Corp. 3.76 3.59 4.58 5.20 4.06 10.90
THR Three Rivers Financial Corp. 12.83 12.80 0.32 11.74 13.33 23.29
THRD TF Financial Corp. 7.49 6.43 15.15 6.32 7.79 17.00
THTL Thistle Group Holdings Co. 8.58 8.58 0.00 8.09 8.80 26.15
TRIC Tri-County Bancorp Inc. 16.44 16.44 0.00 14.50 16.92 39.20
TSBK Timberland Bancorp Inc. 32.36 32.36 0.00 32.62 33.02 52.58
TSBS Peoples Bancorp Inc. 39.08 38.36 2.99 29.69 39.53 46.35
TSH Teche Holding Co. 13.84 13.84 0.00 12.76 14.68 24.88
TWIN Twin City Bancorp 12.67 12.67 0.00 11.77 12.77 19.17
UBMT United Financial Corp. 14.74 14.32 3.34 NA 15.40 NA
UCBC Union Community Bancorp 40.28 40.28 0.00 NA 40.60 NA
UCFC United Community Finl Corp. 8.71 8.71 0.00 8.67 9.08 21.91
UFBS Union Financial Bcshs Inc. 8.06 NA NA 6.81 8.59 13.11
UFRM United Federal Savings Bank 7.75 7.75 0.00 7.76 8.73 10.85
UPFC United PanAm Financial Corp. 19.93 19.85 0.48 7.08 21.96 10.96
USAB USABancshares Inc. 9.74 9.68 0.58 9.80 10.27 13.30
UTBI United Tennessee Bankshares 27.03 27.03 0.00 20.37 27.89 44.67
WAMU Washington Mutual Inc. 5.45 5.15 5.85 NA 6.11 NA
WAYN Wayne Savings Bancshares (MHC) 9.53 9.53 0.00 9.63 9.81 17.50
WBST Webster Financial Corp. 5.97 5.11 15.23 6.33 6.58 14.65
WCBI Westco Bancorp Inc. 15.66 15.66 0.00 12.60 15.95 27.20
WCFB Webster City Federal SB (MHC) 23.41 23.41 0.00 23.41 23.81 52.50
WEBK West Essex Bancorp (MHC) 9.54 7.86 19.06 7.84 10.13 19.95
WEFC Wells Financial Corp. 15.37 15.37 0.00 12.74 15.80 21.83
WEHO Westwood Homestead Fin. Corp. 20.59 20.59 0.00 19.72 20.81 36.19
WES Westcorp 9.07 9.05 0.24 8.96 10.05 11.24
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
ASSET QUALITY AS OF THE MOST RECENT QUARTER PROFITABILITY AS OF THE MOST RECENT QUARTER
------------------------------------------- -------------------------------------------
NPLS/ RESERVES/ NPAS NPAS/ RESERVES/ RESERVES/ RETURN ON RETURN ON
LOANS NPLS ASSET EQUITY LOANS NPAS + 90 AVG ASSETS AVG EQUITY
Ticker Stock Name (%) (%) (%) (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------------
RARB Raritan Bancorp Inc. 0.63 180.63 0.44 6.02 1.14 180.63 0.98 12.86
RCBK Richmond County Financial Corp 0.85 131.48 0.37 1.78 1.12 124.25 0.36 2.41
RELI Reliance Bancshares Inc. 0.76 85.79 0.47 0.88 0.65 85.79 1.24 2.43
RELY Reliance Bancorp Inc. 0.93 98.24 0.40 5.06 0.91 88.82 0.86 10.18
RIVR River Valley Bancorp 0.58 177.65 0.55 4.07 1.03 158.30 0.93 7.11
ROSE TR Financial Corp. 0.81 84.38 0.49 7.89 0.68 70.19 1.01 16.43
RSLN Roslyn Bancorp Inc. 0.69 291.12 0.23 1.47 2.01 281.89 1.30 7.51
RVSB Riverview Bancorp Inc. 0.46 138.33 0.28 1.22 0.63 137.60 1.71 8.52
SBAN SouthBanc Shares Inc. 0.57 173.94 0.37 1.76 0.99 153.09 0.86 7.37
SBFL Finger Lakes Financial (MHC) 0.52 171.61 0.32 3.84 0.89 141.95 0.41 4.62
SBOS Boston Bancorp (The) 1.41 42.86 0.65 5.23 0.61 18.09 1.89 21.12
SCBS Southern Community Bancshares 0.26 641.46 0.18 1.04 1.69 602.29 1.22 6.45
SCCB S. Carolina Community Bancshrs 1.42 57.34 1.26 6.17 0.82 50.34 0.88 4.00
SFED SFS Bancorp Inc. 0.82 73.64 0.74 5.99 0.60 56.89 0.66 5.40
SFFC StateFed Financial Corp. 0.14 214.58 1.54 8.61 0.30 14.83 1.16 6.49
SFIN Statewide Financial Corp. 0.65 136.38 0.42 4.36 0.89 95.71 0.79 8.23
SFSL Security First Corp. 0.68 122.38 0.62 6.27 0.83 122.36 1.43 15.25
SGVB SGV Bancorp Inc. 0.90 53.33 1.12 14.19 0.48 31.15 0.37 4.80
SHSB SHS Bancorp Inc. 2.12 36.92 1.40 10.11 0.78 36.27 0.77 7.21
SIB Staten Island Bancorp Inc. 1.42 89.73 0.61 2.58 1.27 87.17 1.00 5.62
SISB SIS Bancorp Inc. 0.45 582.54 0.26 3.70 2.63 471.43 0.72 10.12
SKAN Skaneateles Bancorp Inc. 1.73 70.91 1.74 25.35 1.23 57.15 0.62 8.95
SKBO First Carnegie Deposit (MHC) NA NA NA NA 0.80 64.19 0.56 3.36
SMBC Southern Missouri Bancorp Inc. 1.11 96.86 0.98 6.31 1.08 55.70 0.67 4.06
SOBI Sobieski Bancorp Inc. 0.10 315.79 0.08 0.59 0.31 315.79 0.62 4.32
SOPN First Savings Bancorp Inc. 0.26 109.36 0.18 0.78 0.29 109.36 1.76 7.64
SPBC St. Paul Bancorp Inc. 0.26 397.60 0.22 2.25 1.03 239.56 1.08 11.81
SRN Southern Banc Co. 0.03 690.91 0.01 0.06 0.18 690.91 0.52 2.96
SSB Scotland Bancorp Inc. - NM 0.00 0.00 0.57 NM 1.33 5.18
SSFC South Street Financial Corp. 0.40 100.70 0.23 1.36 0.40 91.68 0.55 2.71
SSM Stone Street Bancorp Inc. - NM 0.00 0.00 0.64 NM 1.40 4.84
STFR St. Francis Capital Corp. 0.36 243.10 0.18 2.42 0.88 219.19 0.84 10.66
STSA Sterling Financial Corp. 0.34 319.96 0.52 10.24 1.09 128.59 0.37 6.74
SVRN Sovereign Bancorp Inc. 0.87 123.32 0.54 9.76 1.07 104.6 0.56 10.10
SWCB Sandwich Bancorp Inc. 0.75 154.85 0.56 6.65 1.16 138.76 0.97 12.32
SZB SouthFirst Bancshares Inc. - NM 0.05 0.52 0.74 29.54 0.46 4.19
TBFC Telebanc Financial Corp. 1.07 57.44 0.55 14.76 0.61 31.75 0.29 6.34
THR Three Rivers Financial Corp. 1.26 61.74 0.83 6.47 0.78 59.56 0.85 6.45
THRD TF Financial Corp. 0.73 118.09 0.30 4.01 0.86 99.71 0.70 7.90
THTL Thistle Group Holdings Co. 0.61 124.47 0.22 2.60 0.76 98.57 NA NA
TRIC Tri-County Bancorp Inc. - NM 0.00 0.00 1.01 NM 1.01 6.46
TSBK Timberland Bancorp Inc. 2.83 32.18 3.01 9.30 0.91 21.28 1.84 8.40
TSBS Peoples Bancorp Inc. 1.20 75.14 0.65 1.66 0.90 66.45 1.20 6.08
TSH Teche Holding Co. 0.20 494.44 0.18 1.32 0.98 460.90 0.95 6.97
TWIN Twin City Bancorp 0.21 63.64 0.37 2.95 0.14 27.12 1.02 7.89
UBMT United Financial Corp. 0.05 NM 0.25 1.66 1.02 156.46 1.10 7.96
UCBC Union Community Bancorp 0.40 99.15 0.33 0.81 0.40 99.15 NA NA
UCFC United Community Finl Corp. 1.31 72.31 0.51 5.81 0.95 72.00 NA NA
UFBS Union Financial Bcshs Inc. NA NA NA NA 0.66 NA 0.88 11.07
UFRM United Federal Savings Bank 0.96 120.02 1.01 13.07 1.15 83.92 0.62 8.46
UPFC United PanAm Financial Corp. 2.66 89.43 2.56 12.86 2.38 79.18 NA NA
USAB USABancshares Inc. 0.21 426.04 0.13 1.29 0.90 49.32 0.60 6.39
UTBI United Tennessee Bankshares - NM 0.00 0.01 1.27 148.60 1.38 8.68
WAMU Washington Mutual Inc. 0.83 116.30 0.74 13.64 0.96 89.05 0.64 11.68
WAYN Wayne Savings Bancshares (MHC) 0.17 208.50 0.48 5.00 0.36 58.18 0.72 7.53
WBST Webster Financial Corp. 0.60 190.72 0.41 6.90 1.14 149.68 0.65 12.08
WCBI Westco Bancorp Inc. 0.58 63.73 0.44 2.82 0.37 63.73 1.49 9.64
WCFB Webster City Federal SB (MHC) - NM 0.05 0.22 0.69 534.72 1.40 5.96
WEBK West Essex Bancorp (MHC) 1.99 80.79 1.10 11.50 1.60 54.38 NA NA
WEFC Wells Financial Corp. 0.12 410.10 0.14 0.92 0.48 154.67 1.19 8.19
WEHO Westwood Homestead Fin. Corp. 0.09 280.00 0.08 0.38 0.25 119.15 0.68 2.72
WES Westcorp 1.02 217.81 0.60 6.61 2.22 162.80 0.20 2.19
48
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CAPITAL AS OF THE MOST RECENT QUARTER
--------------------------------------------------------------------
TANGIBLE INTANGIBLE REGULATORY EQUITY + TOTAL CAPITAL/
EQUITY/ EQUITY/ ASSETS/ CORE CAP/ RESERVES/ RISK ADJUSTED
ASSETS TANG ASSETS EQUITY ASSETS ASSETS ASSETS
TICKER SHORT NAME (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------
WFI Winton Financial Corp. 7.26 7.15 1.60 NA NA NA
WFSL Washington Federal Inc. 13.90 13.04 7.14 12.18 14.32 22.46
WHGB WHG Bancshares Corp. 15.29 15.29 0.00 12.21 15.55 28.75
WOFC Western Ohio Financial Corp. 14.52 13.71 6.48 12.24 15.48 23.26
WRNB Warren Bancorp Inc. 10.49 10.49 0.00 9.63 11.55 12.62
WSB Washington Savings Bank, FSB 8.42 8.42 0.00 7.99 8.86 24.39
WSBI Warwick Community Bancorp 20.99 20.99 0.00 21.44 21.36 40.78
WSFS WSFS Financial Corp. 6.15 6.12 0.48 7.37 7.74 12.28
WSTR WesterFed Financial Corp. 10.73 8.93 18.49 8.27 11.21 13.81
WVFC WVS Financial Corp. 11.10 11.10 0.00 10.98 11.73 22.09
WYNE Wayne Bancorp Inc. 12.77 12.77 0.00 10.74 13.61 22.53
YFCB Yonkers Financial Corp. 10.30 10.30 0.00 8.94 10.61 25.07
YFED York Financial Corp. 8.89 8.89 0.00 7.67 9.60 13.11
- -----------------------------------------------------------------------------------------------------------------
Average 12.92 12.68 3.23 11.25 13.51 22.22
ASSET QUALITY AS OF THE MOST RECENT QUARTER
---------------------------------------------------------------
NPLS/ RESERVES/ NPAS NPAS/ RESERVES/ RESERVES/
LOANS NPLS ASSET EQUITY LOANS NPAS + 90
TICKER SHORT NAME (%) (%) (%) (%) (%) (%)
- --------------------------------------------------------------------------------------------------------------
WFI Winton Financial Corp. NA NA NA NA NA NA
WFSL Washington Federal Inc. 0.56 101.13 0.70 5.05 0.57 60.38
WHGB WHG Bancshares Corp. 1.01 45.62 0.59 3.85 0.46 41.31
WOFC Western Ohio Financial Corp. 1.71 79.48 1.29 8.89 1.36 74.24
WRNB Warren Bancorp Inc. 1.06 153.20 1.15 10.99 1.62 83.50
WSB Washington Savings Bank, FSB NA NA NA NA 1.02 NA
WSBI Warwick Community Bancorp 0.41 170.96 0.32 1.50 0.71 106.03
WSFS WSFS Financial Corp. 1.84 176.80 1.12 18.28 3.26 122.16
WSTR WesterFed Financial Corp. 0.60 123.01 0.43 4.02 0.74 97.44
WVFC WVS Financial Corp. 0.38 308.46 0.2 1.83 1.17 308.46
WYNE Wayne Bancorp Inc. 0.97 122.36 0.80 6.27 1.18 103.99
YFCB Yonkers Financial Corp. 0.14 422.07 0.15 1.46 0.61 208.94
YFED York Financial Corp. 0.10 874.88 0.98 10.99 0.90 31.83
- ------------------------------------------------------------------------------------------------------------
Average 0.67 190.93 0.58 6.33 0.89 142.16
PROFITABILITY AS OF THE MOST RECENT QUARTER
-------------------------------------------
RETURN ON RETURN ON
AVG ASSETS AVG EQUITY
TICKER SHORT NAME (%) (%)
- ---------------------------------------------------------------------------------------
WFI Winton Financial Corp. 1.17 16.06
WFSL Washington Federal Inc. 1.97 15.09
WHGB WHG Bancshares Corp. 0.58 3.16
WOFC Western Ohio Financial Corp. 0.07 0.49
WRNB Warren Bancorp Inc. 1.72 15.99
WSB Washington Savings Bank, FSB 0.74 8.67
WSBI Warwick Community Bancorp 0.57 3.72
WSFS WSFS Financial Corp. 1.13 19.29
WSTR WesterFed Financial Corp. 0.72 6.73
WVFC WVS Financial Corp. 1.20 10.45
WYNE Wayne Bancorp Inc. 0.70 5.44
YFCB Yonkers Financial Corp. 0.89 6.79
YFED York Financial Corp. 0.84 9.6
- ----------------------------------------------------------------------------------
Average 0.91 8.15
49
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
CAPITAL AS OF THE MOST RECENT QUARTER
-------------------------------------------------------------------------------
TANGIBLE INTANGIBLE REGULATORY EQUITY + TOTAL CAPITAL
EQUITY/ EQUITY/ ASSETS/ CORE CAP/ RESERVES/ RISK ADJUSTED
ASSETS TANG ASSETS EQUITY ASSETS ASSETS ASSETS
TICKER SHORT NAME (%) (%) (%) (%) (%)
- ------------------------------------------------------------------------------------------------------------------------------------
COMPARABLE THRIFT DATA
ANDB Andover Bancorp Inc. 8.20 8.20 0.00 8.21 8.94 15.13
EBSI Eagle Bancshares 6.92 6.92 0.00 4.98 7.52 9.08
FAB FIRSTFED AMERICA BANCORP INC. 8.86 8.86 0.00 7.46 9.71 16.22
FNGB First Northern Capital Corp. 10.89 10.89 0.00 9.70 11.38 15.75
FWWB First Washington Bancorp Inc. 12.56 10.62 17.34 10.84 13.28 17.37
KFBI Klamath First Bancorp 13.98 12.96 8.40 10.92 14.14 21.84
MDBK Medford Bancorp Inc. 8.94 8.52 5.11 8.54 9.55 15.62
MECH MECH Financial Inc. 9.71 9.71 0.00 9.61 11.07 16.65
WSTR WesterFed Financial Corp. 10.73 8.93 18.49 8.27 11.21 13.81
YFED York Financial Corp. 8.89 8.89 0.00 7.67 9.60 13.11
Average 9.97 9.45 4.93 8.62 10.64 15.46
Median 9.33 8.91 0.00 8.41 10.39 15.69
Maximum 13.98 12.96 18.49 10.92 14.14 21.84
Minimum 6.92 6.92 0.00 4.98 7.52 9.08
COMMUNITY SAVINGS BANKSHARES, INC. 10.85 9.63 0.00 9.63 11.21 17.29
VARIANCE TO THE COMPARABLE MEDIAN 1.53 0.72 0.00 1.23 0.82 1.61
ASSET QUALITY AS OF THE MOST RECENT QUARTER
-----------------------------------------------------------------------------
NPAS NPAS/ RESERVES/ RESERVES/ RETURN ON RETURN ON
ASSET EQUITY LOANS NPAS + 90 AVG ASSETS AVG EQUITY
Ticker Stock Name (%) (%) (%) (%) (%) (%)
- ------------------------------------------------------------------------------------------------------------------------------------
COMPARABLE THRIFT DATA
ANDB Andover Bancorp Inc. 0.49 205.01 0.38 4.62 1.00 195.38
EBSI Eagle Bancshares 1.23 63.73 1.20 17.37 0.78 49.97
FAB FIRSTFED AMERICA BANCORP INC. 0.37 331.87 0.29 3.26 1.24 293.25
FNGB First Northern Capital Corp. 0.11 506.35 0.12 1.11 0.54 400.84
FWWB First Washington Bancorp Inc. 0.52 197.58 0.42 3.34 1.03 164.95
KFBI Klamath First Bancorp 0.07 351.18 0.05 0.33 0.26 351.18
MDBK Medford Bancorp Inc. 0.34 346.52 0.18 2.00 1.19 338.34
MECH MECH Financial Inc. 0.62 345.41 0.46 4.72 2.14 296.39
WSTR WesterFed Financial Corp. 0.60 123.01 0.43 4.02 0.74 97.44
YFED York Financial Corp. 0.10 874.88 0.98 10.99 0.90 31.83
- ------------------------------------------------------------------------------------------------------------------------------------
Average 0.45 334.55 0.45 5.18 0.98 221.96
Median 0.43 338.64 0.40 3.68 0.95 244.32
Maximum 1.23 874.88 1.20 17.37 2.14 400.84
Minimum 0.07 63.73 0.05 0.33 0.26 31.83
COMMUNITY SAVINGS BANKSHARES, INC. 0.26 202.56 0.27 2.50 0.52 133.22
VARIANCE TO THE COMPARABLE MEDIAN (0.17) (136.08) (0.13) (1.18) (0.43) (111.09)
PROFITABILITY AS OF THE MOST RECENT QUARTER
-------------------------------------------
RETURN ON RETURN ON
AVG ASSETS AVG EQUITY
Ticker Stock Name (%) (%)
- -----------------------------------------------------------------------------------------------
COMPARABLE THRIFT DATA
ANDB Andover Bancorp Inc. 1.19 15.04
EBSI Eagle Bancshares 0.91 11.80
FAB FIRSTFED AMERICA BANCORP INC. 0.60 5.47
FNGB First Northern Capital Corp. 0.98 8.87
FWWB First Washington Bancorp Inc. 1.16 8.59
KFBI Klamath First Bancorp 0.92 6.11
MDBK Medford Bancorp Inc. 1.07 11.84
MECH MECH Financial Inc. 0.97 9.71
WSTR WesterFed Financial Corp. 0.72 6.73
YFED York Financial Corp. 0.84 9.61
- -----------------------------------------------------------------------------------------------
Average 0.94 9.38
Median 0.95 9.24
Maximum 1.19 15.04
Minimum 0.60 5.47
COMMUNITY SAVINGS BANKSHARES, INC. 0.67 6.10
VARIANCE TO THE COMPARABLE MEDIAN (0.28) (3.14)
50
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 (%) (%) (%) (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------------
%CCMD Chevy Chase Bank FSB 3.53 6.62 3.76 2.86 5.32 8.10 95.27 86.48
AABC Access Anytime Bancorp Inc. 3.13 6.88 3.87 3.01 0.61 3.41 93.97 92.75
ABBK Abington Bancorp Inc. 3.23 7.05 3.99 3.06 0.83 2.73 68.55 60.05
ABCL Alliance Bancorp 2.88 7.11 4.34 2.77 1.14 2.43 62.77 47.49
ABCW Anchor BanCorp Wisconsin 3.21 7.68 4.59 3.09 0.47 1.97 55.05 48.24
AFBC Advance Financial Bancorp 3.98 7.74 3.95 3.79 0.35 2.81 67.84 64.86
AFED AFSALA Bancorp Inc. 3.46 6.96 3.67 3.29 0.23 2.34 66.33 63.96
AHCI Ambanc Holding Co. 3.14 7.08 4.03 3.05 0.23 2.41 72.77 70.74
ALBC Albion Banc Corp. 3.39 7.46 4.20 3.27 0.49 2.90 77.07 73.61
ALBK ALBANK Financial Corp. 3.89 7.24 3.58 3.66 0.45 2.38 53.65 47.98
ALLB Alliance Bank (MHC) 3.49 7.21 3.84 3.37 0.23 2.38 66.52 64.27
AMFC AMB Financial Corp. 3.35 7.34 4.06 3.27 0.55 2.79 73.03 68.49
ANA Acadiana Bancshares Inc. 3.50 7.53 4.10 3.42 0.37 2.18 61.51 57.35
ANDB Andover Bancorp Inc. 3.17 7.20 4.14 3.06 0.36 1.74 50.18 44.38
ANE Alliance Bncp of New England 3.56 7.14 3.74 3.40 0.48 2.86 68.40 63.94
ASBI Ameriana Bancorp 3.24 7.35 4.25 3.09 0.61 2.35 63.32 56.09
ASBP ASB Financial Corp. 3.23 7.46 4.33 3.13 0.24 2.05 60.80 57.77
ASFC Astoria Financial Corp. 2.69 6.89 4.33 2.56 0.19 1.39 44.14 39.89
ATSB AmTrust Capital Corp. 2.82 7.04 4.35 2.69 0.55 2.87 88.31 85.91
AVND Avondale Financial Corp. 3.71 8.00 4.59 3.40 0.95 3.71 86.47 82.70
BANC BankAtlantic Bancorp Inc. 3.43 7.41 4.26 3.16 0.73 2.80 72.36 65.98
BCSB BCSB Bankcorp Inc. (MHC) 3.50 7.15 3.75 3.41 0.23 2.39 65.10 62.74
BDJI First Federal Bancorp. 3.30 7.27 4.15 3.13 0.57 2.46 65.75 59.52
BFD BostonFed Bancorp Inc. 3.36 7.19 3.98 3.22 0.35 2.37 66.31 62.64
BFFC Big Foot Financial Corp. 3.00 6.43 3.50 2.92 0.12 2.39 78.12 77.26
BFSB Bedford Bancshares Inc. 3.92 7.69 3.91 3.78 0.51 2.22 51.74 45.21
BKC American Bank of Connecticut 3.25 7.20 4.07 3.13 0.54 1.73 45.57 36.19
BKCT Bancorp Connecticut Inc. 3.71 7.43 3.81 3.62 0.38 2.08 51.87 46.78
BKUNA BankUnited Financial Corp. 1.44 6.78 5.38 1.40 0.10 1.09 70.79 68.77
BNKU Bank United Corp. 2.43 7.14 4.87 2.27 0.49 1.59 56.23 46.72
BPLS Bank Plus Corp. 2.01 6.85 4.91 1.94 0.52 1.95 74.64 67.88
BRBI Blue River Bancshares Inc. NA NA NA NA NA NA NA NA
BRKL Brookline Bancorp (MHC) 4.15 7.66 3.52 4.14 0.15 1.16 27.30 24.60
BTHL Bethel Bancorp 4.47 8.57 4.34 4.24 0.80 3.89 74.42 69.60
BVCC Bay View Capital Corp. 2.96 7.56 4.77 2.80 0.36 2.10 61.61 56.69
BWFC Bank West Financial Corp. 3.04 7.35 4.46 2.89 0.59 2.66 76.22 71.34
BYFC Broadway Financial Corp. 4.33 7.44 3.31 4.13 0.48 3.98 84.86 83.09
BYS Bay State Bancorp 3.84 7.63 3.89 3.74 0.10 2.89 75.26 74.58
CAFI Camco Financial Corp. 3.59 7.63 4.23 3.40 0.54 2.55 64.04 58.35
CASB Cascade Financial Corp. 3.39 7.99 4.74 3.25 0.40 2.48 67.69 63.68
CASH First Midwest Financial Inc. 3.23 7.73 4.60 3.12 0.38 2.03 52.42 46.61
CATB Catskill Financial Corp. 3.97 7.18 3.31 3.88 0.15 1.91 47.94 45.94
CAVB Cavalry Bancorp Inc. NA NA NA NA NA NA NA NA
CBCI Calumet Bancorp Inc. 3.96 7.83 4.17 3.66 0.25 0.79 50.03 46.57
CBES CBES Bancorp Inc. 4.46 8.24 4.02 4.22 0.36 3.33 71.47 69.03
CBK Citizens First Financial Corp. 3.38 7.53 4.29 3.24 0.33 2.67 73.93 71.25
CBSA Coastal Bancorp Inc. 2.07 6.96 4.95 2.01 0.22 1.47 61.86 57.65
CEBK Central Co-operative Bank 3.31 7.09 3.88 3.22 0.20 2.34 66.02 63.90
CENB Century Bancorp Inc. 3.73 7.29 3.69 3.60 0.03 1.79 49.39 48.96
CFB Commercial Federal Corp. 2.78 7.41 4.77 2.64 0.94 1.89 50.54 32.85
CFCP Coastal Financial Corp. 3.73 7.78 4.23 3.55 0.71 2.51 59.51 51.38
CFFC Community Financial Corp. 3.86 7.75 4.06 3.69 0.48 2.31 55.06 49.16
CFKY Columbia Financial of Kentucky NA NA NA NA NA NA NA NA
CFNC Carolina Fincorp Inc. 4.22 7.68 3.65 4.03 0.47 2.78 61.79 57.31
CFSB CFSB Bancorp Inc. 3.09 7.41 4.38 3.03 0.69 1.86 49.84 38.39
CFTP Community Federal Bancorp 3.06 6.70 3.73 2.97 0.14 1.45 46.19 43.59
CIBI Community Investors Bancorp 3.54 7.70 4.26 3.44 0.20 2.13 58.38 55.93
CITZ CFS Bancorp Inc. NA NA NA NA NA NA NA NA
CKFB CKF Bancorp Inc. 3.62 7.51 3.95 3.57 0.12 1.62 43.72 41.81
Balance Sheet Growth as of the MRQ
----------------------------------
Asset Loan Deposit
Growth Growth Growth
Rate Rate Rate
Ticker Short Name (%) (%) (%)
- --------------------------------------------------------------------------------
%CCMD Chevy Chase Bank FSB 7.32 (25.74) 1.64
AABC Access Anytime Bancorp Inc. 11.72 44.46 5.42
ABBK Abington Bancorp Inc. 8.97 14.10 11.34
ABCL Alliance Bancorp 47.28 29.55 29.10
ABCW Anchor BanCorp Wisconsin 6.84 11.04 7.91
AFBC Advance Financial Bancorp 9.20 12.83 10.59
AFED AFSALA Bancorp Inc. 5.10 8.25 6.88
AHCI Ambanc Holding Co. 16.58 19.79 (1.37)
ALBC Albion Banc Corp. 8.00 16.82 6.99
ALBK ALBANK Financial Corp. 14.68 9.68 17.37
ALLB Alliance Bank (MHC) 13.55 0.37 13.64
AMFC AMB Financial Corp. 18.22 23.20 15.60
ANA Acadiana Bancshares Inc. 11.67 12.96 6.55
ANDB Andover Bancorp Inc. 11.30 16.14 5.63
ANE Alliance Bncp of New England 5.90 12.22 5.72
ASBI Ameriana Bancorp (5.64) (8.37) (4.94)
ASBP ASB Financial Corp. 3.53 3.14 4.15
ASFC Astoria Financial Corp. 51.03 58.52 34.05
ATSB AmTrust Capital Corp. (4.31) (5.50) (7.14)
AVND Avondale Financial Corp. (14.35) (44.22) (5.07)
BANC BankAtlantic Bancorp Inc. 37.58 39.94 2.52
BCSB BCSB Bankcorp Inc. (MHC) 23.92 NA (2.71)
BDJI First Federal Bancorp. 9.70 5.92 3.04
BFD BostonFed Bancorp Inc. 8.43 14.48 12.13
BFFC Big Foot Financial Corp. NA NA NA
BFSB Bedford Bancshares Inc. 15.39 8.64 4.61
BKC American Bank of Connecticut 13.15 11.32 6.48
BKCT Bancorp Connecticut Inc. 15.60 0.70 3.89
BKUNA BankUnited Financial Corp. 98.33 92.74 83.23
BNKU Bank United Corp. 14.48 17.40 22.27
BPLS Bank Plus Corp. 21.29 1.98 13.08
BRBI Blue River Bancshares Inc. NA NA NA
BRKL Brookline Bancorp (MHC) 22.38 7.27 (4.06)
BTHL Bethel Bancorp 4.55 0.81 (1.91)
BVCC Bay View Capital Corp. 84.75 90.40 109.97
BWFC Bank West Financial Corp. 16.57 11.73 16.64
BYFC Broadway Financial Corp. 12.60 13.68 9.11
BYS Bay State Bancorp 19.01 7.83 2.05
CAFI Camco Financial Corp. 20.09 19.80 15.57
CASB Cascade Financial Corp. 2.30 12.69 2.73
CASH First Midwest Financial Inc. 12.39 0.35 12.26
CATB Catskill Financial Corp. 8.91 7.07 5.11
CAVB Cavalry Bancorp Inc. NA NA NA
CBCI Calumet Bancorp Inc. (0.93) 0.52 (1.42)
CBES CBES Bancorp Inc. 22.39 26.28 21.34
CBK Citizens First Financial Corp. 3.50 (1.05) 2.38
CBSA Coastal Bancorp Inc. 0.55 5.83 (0.43)
CEBK Central Co-operative Bank 10.87 23.19 5.02
CENB Century Bancorp Inc. (3.75) 12.19 4.77
CFB Commercial Federal Corp. 3.82 6.40 (1.66)
CFCP Coastal Financial Corp. 22.70 5.59 10.82
CFFC Community Financial Corp. 4.46 4.98 16.98
CFKY Columbia Financial of Kentucky NA NA NA
CFNC Carolina Fincorp Inc. 2.16 7.50 11.53
CFSB CFSB Bancorp Inc. 0.28 0.69 3.13
CFTP Community Federal Bancorp 25.93 11.80 7.65
CIBI Community Investors Bancorp 11.08 9.38 4.17
CITZ CFS Bancorp Inc. NA NA NA
CKFB CKF Bancorp Inc. 3.20 1.47 9.66
Market Data as of The Most Recent Quarter
----------------------------------------------------------------------------
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 ($) ($) ($) ($) ($) ($)
- ----------------------------------------------------------------------------------------------------------------------------------
%CCMD Chevy Chase Bank FSB NA NA NA NA NA NA
AABC Access Anytime Bancorp Inc. 9.89 12 13 5.822 7.61 7.61
ABBK Abington Bancorp Inc. 51.66 18.75 22.250 12.750 9.850 8.98
ABCL Alliance Bancorp 205.82 23.88 29.250 20.000 15.800 15.67
ABCW Anchor BanCorp Wisconsin 346.71 19.53 23.250 12.063 7.350 7.24
AFBC Advance Financial Bancorp 14.43 18.25 20.875 14.875 14.480 14.48
AFED AFSALA Bancorp Inc. 18.30 19.00 20.750 14.875 16.230 16.23
AHCI Ambanc Holding Co. 53.37 17.75 20.000 14.125 14.220 14.22
ALBC Albion Banc Corp. 5.83 8.50 14.167 7.333 8.370 8.37
ALBK ALBANK Financial Corp. 629.22 70.56 70.563 37.125 28.700 22.72
ALLB Alliance Bank (MHC) 45.42 28.88 39.000 15.125 9.060 9.06
AMFC AMB Financial Corp. 13.05 17.50 19.375 14.000 15.420 15.42
ANA Acadiana Bancshares Inc. 40.45 22.50 25.625 19.750 17.520 17.52
ANDB Andover Bancorp Inc. 183.89 34.25 37.750 23.700 17.610 17.61
ANE Alliance Bncp of New England 22.06 15.75 16.083 8.781 7.900 7.73
ASBI Ameriana Bancorp 58.96 18.63 22.000 16.250 14.030 13.78
ASBP ASB Financial Corp. 18.62 13.38 16.750 11.750 8.760 8.76
ASFC Astoria Financial Corp. 944.07 53.50 62.500 45.375 33.640 24.10
ATSB AmTrust Capital Corp. 7.91 13.88 14.500 10.000 14.660 14.51
AVND Avondale Financial Corp. 29.99 17.38 18.875 13.625 14.210 14.21
BANC BankAtlantic Bancorp Inc. 204.37 12.88 17.000 12.250 6.960 5.38
BCSB BCSB Bankcorp Inc. (MHC) 61.17 NA NA NA NA NA
BDJI First Federal Bancorp. 13.73 18.50 22.000 13.167 12.700 12.70
BFD BostonFed Bancorp Inc. 89.23 23.38 24.875 18.000 16.180 15.62
BFFC Big Foot Financial Corp. 36.31 18.00 23.938 16.000 15.160 15.16
BFSB Bedford Bancshares Inc. 25.56 15.50 17.375 11.500 9.020 9.02
BKC American Bank of Connecticut 87.88 27.25 32.563 17.875 12.650 12.27
BKCT Bancorp Connecticut Inc. 84.39 19.25 25.000 12.250 9.580 9.58
BKUNA BankUnited Financial Corp. 161.19 16.50 18.500 9.625 10.290 8.60
BNKU Bank United Corp. 1,019.01 47.88 56.000 35.875 21.190 19.25
BPLS Bank Plus Corp. 84.83 12.25 16.125 10.750 9.550 8.76
BRBI Blue River Bancshares Inc. 13.13 NA NA NA NA NA
BRKL Brookline Bancorp (MHC) 322.78 14.88 17.984 14.875 9.470 9.47
BTHL Bethel Bancorp 15.15 13.25 13.250 10.750 13.710 11.51
BVCC Bay View Capital Corp. 311.80 31.75 38.000 24.875 19.430 12.60
BWFC Bank West Financial Corp. 23.61 14.13 17.500 9.000 8.870 8.87
BYFC Broadway Financial Corp. 8.16 10.13 12.731 9.722 14.020 14.02
BYS Bay State Bancorp 55.78 27.00 32.625 26.625 27.240 27.24
CAFI Camco Financial Corp. 87.58 19.17 20.667 11.587 10.610 9.98
CASB Cascade Financial Corp. 50.56 14.50 16.000 9.600 7.370 7.37
CASH First Midwest Financial Inc. 46.90 23.50 24.875 16.250 16.400 14.65
CATB Catskill Financial Corp. 57.67 16.88 19.125 15.250 15.720 15.72
CAVB Cavalry Bancorp Inc. 139.46 21.75 NA NA 13.370 13.37
CBCI Calumet Bancorp Inc. 94.36 33.25 39.000 24.833 27.740 27.74
CBES CBES Bancorp Inc. 16.68 20.50 26.000 17.125 17.940 17.94
CBK Citizens First Financial Corp. 38.54 18.38 22.375 15.375 15.530 15.53
CBSA Coastal Bancorp Inc. 117.27 24.50 26.667 18.750 15.000 13.07
CEBK Central Co-operative Bank 36.35 26.50 33.500 18.250 18.940 17.25
CENB Century Bancorp Inc. 17.16 17.00 39.000 15.250 14.740 14.74
CFB Commercial Federal Corp. 1,245.56 31.63 38.188 25.083 15.290 13.55
CFCP Coastal Financial Corp. 106.35 19.38 20.813 14.719 5.820 5.82
CFFC Community Financial Corp. 32.13 15.00 16.375 10.750 10.050 10.01
CFKY Columbia Financial of Kentucky 34.73 14.38 NA NA 14.020 14.02
CFNC Carolina Fincorp Inc. 16.67 10.50 18.875 9.625 8.080 8.08
CFSB CFSB Bancorp Inc. 174.57 28.75 28.750 14.091 8.080 8.08
CFTP Community Federal Bancorp 62.68 17.25 21.000 16.375 14.850 14.85
CIBI Community Investors Bancorp 15.03 14.88 15.250 8.500 8.170 8.17
CITZ CFS Bancorp Inc. 216.96 NA NA NA NA NA
CKFB CKF Bancorp Inc. 13.92 19.06 21.250 17.750 17.290 17.29
51
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 (%) (%) (%) (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------------
CLAS Classic Bancshares Inc. 3.78 7.20 3.66 3.54 0.38 3.08 75.45 72.79
CMRN Cameron Financial Corp 3.79 7.93 4.32 3.61 0.12 1.96 52.41 50.89
CMSB Commonwealth Bancorp Inc. 3.24 6.85 3.83 3.02 0.71 3.03 74.35 68.35
CMSV Community Savings Bnkshrs(MHC) 3.47 7.21 3.95 3.26 0.49 2.70 72.06 67.90
CNIT CENIT Bancorp Inc. 3.27 7.22 4.14 3.07 0.87 2.55 62.84 52.38
CNSB CNS Bancorp Inc. 3.61 7.18 3.73 3.44 0.19 2.46 68.06 66.27
CNY Carver Bancorp Inc. 3.40 6.78 3.58 3.21 0.57 2.93 76.13 71.86
COFI Charter One Financial 2.94 7.36 4.53 2.83 0.75 1.64 44.85 30.16
CONE Conestoga Bancorp, Inc. 3.13 6.65 3.75 2.89 0.17 1.93 63.13 60.99
COOP Cooperative Bankshares Inc. 3.02 7.43 4.51 2.92 0.18 2.07 65.82 63.74
CRSB Crusader Holding Corp. 3.70 8.71 5.09 3.62 2.70 2.89 45.26 4.47
CRZY Crazy Woman Creek Bancorp 3.36 7.28 3.98 3.30 0.15 1.61 46.79 44.36
CSBF CSB Financial Group Inc. 3.61 6.92 3.43 3.49 0.24 2.72 69.42 67.34
CVAL Chester Valley Bancorp Inc. 3.80 7.57 3.94 3.63 1.21 3.36 69.40 59.18
DCBI Delphos Citizens Bancorp Inc. 3.88 7.44 3.60 3.84 0.37 1.80 42.75 37.27
DCOM Dime Community Bancshares Inc. 3.56 7.30 3.90 3.40 0.27 1.90 47.07 42.87
DME Dime Bancorp Inc. 2.57 6.80 4.39 2.41 0.72 2.22 69.31 60.13
DNFC D & N Financial Corp. 3.01 7.65 4.71 2.94 0.39 2.16 64.55 59.83
DSL Downey Financial Corp. 2.92 7.46 4.66 2.79 0.34 1.56 55.87 50.51
EBI Equality Bancorp Inc. 2.35 6.59 4.34 2.25 0.63 2.74 96.50 95.52
EBSI Eagle Bancshares 3.68 8.05 4.66 3.39 1.64 3.49 75.58 63.76
EFBC Empire Federal Bancorp Inc. 4.39 7.10 2.81 4.29 0.79 2.68 52.81 44.09
EFBI Enterprise Federal Bancorp 2.53 7.43 4.94 2.49 0.05 1.48 57.21 56.33
EFC EFC Bancorp Inc. 3.44 7.12 3.73 3.38 0.21 2.23 62.10 59.72
EGLB Eagle BancGroup Inc. 2.47 7.07 4.69 2.38 0.19 2.24 87.37 86.35
EMLD Emerald Financial Corp. 2.87 7.47 4.69 2.78 0.41 1.57 48.73 41.09
EQSB Equitable Federal Savings Bank 2.38 7.21 4.89 2.32 0.45 1.66 59.75 51.93
ESBF ESB Financial Corp. 1.99 6.85 4.90 1.94 0.15 1.18 53.29 49.73
ESBK Elmira Savings Bank (The) 3.76 7.55 4.00 3.55 0.49 3.10 74.77 71.28
ESX Essex Bancorp Inc. 3.02 7.69 4.85 2.84 1.20 4.27 96.18 94.57
ETFS East Texas Financial Services 2.88 6.88 4.07 2.81 0.18 2.28 76.15 74.59
FAB FIRSTFED AMERICA BANCORP INC. 2.81 6.96 4.29 2.67 0.40 2.08 67.44 62.53
FBBC First Bell Bancorp Inc. 2.52 7.06 4.58 2.48 0.08 0.78 30.47 28.35
FBCI Fidelity Bancorp Inc. NA NA NA NA NA NA NA NA
FBCV 1ST Bancorp 2.58 7.44 4.97 2.47 0.47 2.01 65.46 58.91
FBER 1st Bergen Bancorp 3.20 7.08 3.99 3.09 0.12 2.04 62.65 61.19
FBHC Fort Bend Holding Corp. 3.32 6.99 3.92 3.07 1.99 4.35 85.58 76.22
FBNW FirstBank Corp. 4.47 8.10 3.93 4.17 0.82 3.80 75.61 70.84
FBSI First Bancshares Inc. 3.58 7.50 4.11 3.39 0.36 2.11 57.62 53.17
FCB Falmouth Bancorp Inc. 4.20 7.09 3.05 4.04 0.18 2.88 68.19 66.80
FCBF FCB Financial Corp. 3.38 7.54 4.21 3.32 0.41 1.83 48.89 42.54
FCBH Virginia Beach Fed. Financial NA NA NA NA NA NA NA NA
FCBK First Coastal Bankshares 3.23 7.89 4.78 3.12 0.47 2.79 76.54 72.97
FCME First Coastal Corp. 4.47 8.01 3.85 4.16 0.42 3.46 75.47 72.98
FDEF First Defiance Financial 4.16 7.84 3.88 3.96 0.27 2.55 59.12 56.38
FDTR Federal Trust Corp. NA NA NA NA NA NA NA NA
FED FirstFed Financial Corp. 2.53 7.34 4.90 2.45 0.21 1.13 41.50 36.50
FESX First Essex Bancorp Inc. 3.23 7.54 4.45 3.09 0.26 1.96 55.78 52.14
FFBH First Federal Bancshares of AR 3.17 7.59 4.48 3.11 0.28 1.85 54.00 49.81
FFBI First Financial Bancorp Inc. 3.08 7.18 4.25 2.93 0.55 2.97 85.19 82.41
FFBS FFBS BanCorp Inc. 3.70 7.48 3.84 3.64 0.50 1.92 46.26 38.94
FFBZ First Federal Bancorp Inc. 3.65 7.66 4.36 3.31 0.46 2.42 60.55 55.10
FFCH First Financial Holdings Inc. 3.09 7.49 4.51 2.98 0.70 2.22 59.72 50.28
FFDB FirstFed Bancorp Inc. 3.61 7.55 4.07 3.48 0.49 2.29 63.00 57.84
FFDF FFD Financial Corp. 3.29 6.96 3.72 3.24 0.09 2.20 66.15 65.20
FFED Fidelity Federal Bancorp 2.79 7.90 5.32 2.57 1.27 3.19 83.06 74.72
FFES First Federal of East Hartford 2.33 6.72 4.46 2.26 0.17 1.36 56.18 52.90
FFFD North Central Bancshares Inc. 3.65 7.25 3.76 3.49 1.07 2.14 45.43 28.71
FFFL Fidelity Bankshares Inc. (MHC) 2.88 7.14 4.42 2.72 0.41 2.21 70.01 65.52
Balance Sheet Growth as of the MRQ
----------------------------------
Asset Loan Deposit
Growth Growth Growth
Rate Rate Rate
Ticker Short Name (%) (%) (%)
- ----------------------------------------------------------------------------------
CLAS Classic Bancshares Inc. 5.71 7.19 9.38
CMRN Cameron Financial Corp 6.09 3.07 7
CMSB Commonwealth Bancorp Inc. 3.46 16.20 3.96
CMSV Community Savings Bnkshrs(MHC) 9.39 28.52 6.26
CNIT CENIT Bancorp Inc. (8.13) 7.14 (2.23)
CNSB CNS Bancorp Inc. (0.37) (0.31) (1.00)
CNY Carver Bancorp Inc. 3.29 13.24 3.79
COFI Charter One Financial 6.26 18.21 7.98
CONE Conestoga Bancorp, Inc. 11.04 (0.08) 13.23
COOP Cooperative Bankshares Inc. 8.12 8.14 5.54
CRSB Crusader Holding Corp. 72.54 83.62 23.90
CRZY Crazy Woman Creek Bancorp 13.27 6.82 7.06
CSBF CSB Financial Group Inc. (3.33) (0.86) (1.18)
CVAL Chester Valley Bancorp Inc. 16.48 6.79 14.36
DCBI Delphos Citizens Bancorp Inc. 5.99 19.79 4.51
DCOM Dime Community Bancshares Inc. 23.49 26.58 7.78
DME Dime Bancorp Inc. 4.12 34.76 5.23
DNFC D & N Financial Corp. 17.97 8.67 5.86
DSL Downey Financial Corp. (0.91) (1.82) 11.67
EBI Equality Bancorp Inc. 35.44 (4.20) (2.75)
EBSI Eagle Bancshares 32.03 41.62 37.80
EFBC Empire Federal Bancorp Inc. (1.50) 12.59 0.49
EFBI Enterprise Federal Bancorp 53.97 38.20 38.86
EFC EFC Bancorp Inc. 23.36 16.13 1.15
EGLB Eagle BancGroup Inc. (0.13) (3.35) 0.48
EMLD Emerald Financial Corp. 2.37 7.49 1.82
EQSB Equitable Federal Savings Bank 13.74 5.06 7.03
ESBF ESB Financial Corp. 17.04 9.09 4.47
ESBK Elmira Savings Bank (The) 1.71 5.75 2.32
ESX Essex Bancorp Inc. 12.79 17.45 13.57
ETFS East Texas Financial Services 8.78 12.95 (1.82)
FAB FIRSTFED AMERICA BANCORP INC. 28.88 2.04 (4.34)
FBBC First Bell Bancorp Inc. 5.92 0.45 (7.05)
FBCI Fidelity Bancorp Inc. NA NA NA
FBCV 1ST Bancorp (3.82) 7.64 -18.4
FBER 1st Bergen Bancorp 5.62 8.05 4.61
FBHC Fort Bend Holding Corp. (0.10) 11.36 (0.36)
FBNW FirstBank Corp. 26.14 24.90 6.94
FBSI First Bancshares Inc. 5.00 9.17 19.86
FCB Falmouth Bancorp Inc. 17.68 55.34 13.56
FCBF FCB Financial Corp. (2.03) (7.79) 0.99
FCBH Virginia Beach Fed. Financial NA NA NA
FCBK First Coastal Bankshares (2.28) (2.96) 5.84
FCME First Coastal Corp. 12.69 2.49 18.36
FDEF First Defiance Financial 5.41 8.41 5.50
FDTR Federal Trust Corp. NA NA NA
FED FirstFed Financial Corp. (4.36) (3.44) 9.11
FESX First Essex Bancorp Inc. 5.57 7.41 27.59
FFBH First Federal Bancshares of AR 8.02 6.34 4.14
FFBI First Financial Bancorp Inc. (12.52) (25.95) 2.60
FFBS FFBS BanCorp Inc. 7.34 11.76 6.52
FFBZ First Federal Bancorp Inc. 3.04 2.76 8.35
FFCH First Financial Holdings Inc. 12.42 11.79 7.90
FFDB FirstFed Bancorp Inc. 1.91 (5.37) 3.33
FFDF FFD Financial Corp. 3.37 27.77 8.52
FFED Fidelity Federal Bancorp (17.90) (22.07) (18.07)
FFES First Federal of East Hartford (0.32) 14.96 1.56
FFFD North Central Bancshares Inc. 55.55 45.66 80.83
FFFL Fidelity Bankshares Inc. (MHC) 46.94 24.30 29.94
Market Data as of The Most Recent Quarter
-----------------------------------------------------------------------------
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 ($) ($) ($) ($) ($) ($)
- -----------------------------------------------------------------------------------------------------------------------------------
CLAS Classic Bancshares Inc. 18.84 16.00 21.500 13.875 15.790 13.58
CMRN Cameron Financial Corp 40.46 19.81 22.188 17.125 18.02 18.02
CMSB Commonwealth Bancorp Inc. 213.84 22.94 24.250 15.750 12.910 10.17
CMSV Community Savings Bnkshrs(MHC) 96.90 33.00 40.750 22.000 16.660 16.66
CNIT CENIT Bancorp Inc. 89.70 23.00 28.583 16.167 10.840 10.04
CNSB CNS Bancorp Inc. 20.14 17.50 21.500 16.000 14.760 14.76
CNY Carver Bancorp Inc. 21.41 13.25 17.125 11.625 15.510 14.99
COFI Charter One Financial 2,843.93 32.08 34.643 23.583 11.040 10.39
CONE Conestoga Bancorp, Inc. NA 20.63 20.780 14.375 17.580 17.58
COOP Cooperative Bankshares Inc. 40.22 17.50 25.000 10.625 10.000 10.00
CRSB Crusader Holding Corp. 45.99 15.83 17.857 14.048 6.060 5.74
CRZY Crazy Woman Creek Bancorp 11.47 16.88 20.000 13.250 15.350 15.35
CSBF CSB Financial Group Inc. 8.00 13.00 14.000 11.750 13.340 12.59
CVAL Chester Valley Bancorp Inc. 60.54 30.24 35.238 18.368 13.030 13.03
DCBI Delphos Citizens Bancorp Inc. 29.57 19.44 24.250 14.750 14.840 14.84
DCOM Dime Community Bancshares Inc. 234.40 27.75 29.313 18.563 15.300 13.33
DME Dime Bancorp Inc. 2,553.22 29.94 32.063 17.000 11.720 9.64
DNFC D & N Financial Corp. 165.97 26.81 29.750 16.932 11.550 11.46
DSL Downey Financial Corp. 600.74 32.69 34.500 20.476 16.330 16.16
EBI Equality Bancorp Inc. 32.44 14.25 16.000 12.500 10.400 10.40
EBSI Eagle Bancshares 104.58 24.00 27.250 16.125 13.360 13.36
EFBC Empire Federal Bancorp Inc. 32.25 15.00 18.250 14.375 15.620 15.62
EFBI Enterprise Federal Bancorp 84.02 27.38 35.000 18.000 16.570 16.22
EFC EFC Bancorp Inc. 75.85 13.81 14.938 13.063 12.560 12.56
EGLB Eagle BancGroup Inc. 16.21 19.13 21.125 15.500 17.820 17.82
EMLD Emerald Financial Corp. 104.67 12.88 16.000 6.688 5.110 5.05
EQSB Equitable Federal Savings Bank 29.17 30.50 34.000 18.625 14.670 14.67
ESBF ESB Financial Corp. 86.56 18.31 20.000 13.016 11.840 10.57
ESBK Elmira Savings Bank (The) 16.71 29.63 32.250 18.571 20.350 20.35
ESX Essex Bancorp Inc. 2.25 3.13 7.938 1.000 (4.040) 6.96
ETFS East Texas Financial Services 19.40 15.00 16.250 12.000 13.760 13.76
FAB FIRSTFED AMERICA BANCORP INC. 102.16 19.38 23.250 17.625 15.760 15.76
FBBC First Bell Bancorp Inc. 97.47 19.13 21.625 15.625 11.780 11.78
FBCI Fidelity Bancorp Inc. 53.84 22.63 NA NA 18.770 18.74
FBCV 1ST Bancorp 46.04 42.50 45.000 18.412 21.850 21.43
FBER 1st Bergen Bancorp 49.12 18.50 20.750 15.250 13.490 13.49
FBHC Fort Bend Holding Corp. 35.43 23.00 28.000 14.625 12.520 11.84
FBNW FirstBank Corp. 30.15 22.25 23.500 15.500 16.530 16.53
FBSI First Bancshares Inc. 27.95 13.25 17.500 10.000 11.010 10.56
FCB Falmouth Bancorp Inc. 22.91 19.75 23.875 16.375 16.240 16.24
FCBF FCB Financial Corp. 92.57 30.50 34.000 25.500 19.540 19.54
FCBH Virginia Beach Fed. Financial 89.37 20.25 NA NA NA NA
FCBK First Coastal Bankshares NA 18.75 20.875 13.250 9.080 9.08
FCME First Coastal Corp. 13.44 12.75 15.750 9.250 11.300 11.30
FDEF First Defiance Financial 96.87 14.13 16.250 13.500 12.660 12.66
FDTR Federal Trust Corp. 13.59 4.56 NA NA 2.600 2.60
FED FirstFed Financial Corp. 326.18 26.00 26.407 15.375 11.330 11.26
FESX First Essex Bancorp Inc. 112.97 22.38 26.125 16.500 12.410 9.01
FFBH First Federal Bancshares of AR 84.30 26.38 30.250 20.375 17.460 17.46
FFBI First Financial Bancorp Inc. 10.49 21.00 21.000 15.500 18.370 18.37
FFBS FFBS BanCorp Inc. 34.98 21.25 26 21 15.07 15.07
FFBZ First Federal Bancorp Inc. 31.51 13.63 13.625 8.500 5.230 5.23
FFCH First Financial Holdings Inc. 229.25 23.75 27.000 15.000 8.920 8.92
FFDB FirstFed Bancorp Inc. 26.78 12.00 12.750 8.265 7.310 6.75
FFDF FFD Financial Corp. 23.13 19.25 24.000 14.125 10.950 10.95
FFED Fidelity Federal Bancorp 16.42 6.50 10.500 6.250 2.400 2.40
FFES First Federal of East Hartford 66.96 35.00 42.250 29.000 25.730 25.73
FFFD North Central Bancshares Inc. 51.59 21.19 24.875 15.750 15.730 13.63
FFFL Fidelity Bankshares Inc. (MHC) 154.76 28.63 35.375 19.750 13.280 12.90
52
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 (%) (%) (%) (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------------
FFHH FSF Financial Corp. 2.92 7.38 4.54 2.85 0.43 1.95 59.56 53.52
FFHS First Franklin Corp. 2.71 7.25 4.61 2.63 0.21 1.78 62.10 59.09
FFIC Flushing Financial Corp. 3.55 7.57 4.16 3.41 0.29 2.07 54.87 51.02
FFKY First Federal Financial Corp. 4.02 7.85 4.05 3.81 0.63 2.04 44.55 35.44
FFLC FFLC Bancorp Inc. 3.61 7.65 4.17 3.48 0.26 2.02 53.84 50.35
FFOH Fidelity Financial of Ohio 2.98 7.23 4.36 2.87 0.21 1.72 52.63 49.12
FFPB First Palm Beach Bancorp Inc. 2.49 7.15 4.76 2.39 0.42 2.11 75.17 70.76
FFSL First Independence Corp. 2.97 7.49 4.61 2.88 0.15 1.79 60.02 57.97
FFSX First Fed SB of Siouxland(MHC) 3.07 7.34 4.44 2.90 0.59 2.35 66.72 60.01
FFWC FFW Corp. 3.20 7.60 4.47 3.12 0.47 1.98 52.48 45.40
FFWD Wood Bancorp Inc. 4.45 8.20 3.93 4.27 0.27 2.58 56.86 54.14
FFYF FFY Financial Corp. 3.69 7.67 4.09 3.59 0.24 1.88 48.96 45.52
FGHC First Georgia Holding Inc. 4.28 8.52 4.48 4.03 1.00 3.24 63.82 54.89
FIBC Financial Bancorp Inc. 3.54 7.16 3.80 3.36 0.27 1.86 51.22 47.23
FISB First Indiana Corp. 4.10 8.23 4.30 3.92 0.73 2.60 56.22 48.13
FKAN First Kansas Financial Corp. 2.76 6.82 4.12 2.70 0.80 2.40 67.99 58.56
FKFS First Keystone Financial 3.28 7.28 4.10 3.18 0.27 2.38 68.76 66.08
FKKY Frankfort First Bancorp Inc. 3.11 7.28 4.25 3.04 0.04 1.29 41.98 41.12
FLAG FLAG Financial Corp. 4.59 8.63 4.36 4.27 1.36 4.45 78.56 71.73
FLFC First Liberty Financial Corp. 3.96 7.90 4.28 3.61 0.95 2.80 59.01 48.23
FLGS Flagstar Bancorp Inc. 2.23 6.97 4.91 2.06 3.93 3.10 47.11 (53.96)
FLKY First Lancaster Bancshares 4.14 7.47 3.63 3.84 0.00 2.16 57.06 57.06
FMBD First Mutual Bancorp Inc. 3.20 7.10 4.15 2.95 0.42 2.80 77.39 74.16
FMCO FMS Financial Corp. 3.54 7.14 3.76 3.38 0.39 2.37 59.94 55.29
FMSB First Mutual Savings Bank 3.77 8.38 4.73 3.66 0.34 2.45 61.31 57.68
FNGB First Northern Capital Corp. 3.19 7.27 4.20 3.07 0.46 2.04 57.92 51.58
FPRY First Financial Bancorp 3.13 7.64 4.68 2.95 0.50 2.71 77.74 74.01
FSBI Fidelity Bancorp Inc. 2.78 7.11 4.39 2.71 0.25 1.82 61.27 57.68
FSFF First SecurityFed Financial 4.27 7.63 3.43 4.19 0.21 1.69 37.91 34.81
FSLA First Source Bancorp Inc. 3.29 6.99 3.81 3.17 0.23 1.64 45.71 41.73
FSNJ Bayonne Bancshares Inc. 2.71 6.63 3.98 2.65 0.21 1.64 57.29 53.97
FSPT FirstSpartan Financial Corp. 4.21 7.50 3.44 4.06 0.41 1.97 44.07 38.48
FSSB First FS&LA of San Bernardino 3.56 7.66 4.34 3.32 0.91 4.38 98.33 97.87
FSTC First Citizens Corp. 4.58 8.23 3.87 4.36 0.70 3.12 59.87 53.47
FTF Texarkana First Financial Corp 3.78 7.92 4.23 3.68 0.45 1.57 38.03 30.38
FTFC First Federal Capital Corp. 3.11 7.44 4.50 2.94 1.01 2.74 67.67 56.55
FTNB Fulton Bancorp Inc. 3.82 7.58 3.89 3.69 0.42 2.74 65.47 61.55
FTSB Fort Thomas Financial Corp. 4.10 8.47 4.46 4.01 0.33 2.31 53.59 49.79
FWWB First Washington Bancorp Inc. 3.70 7.83 4.30 3.53 0.31 1.99 49.10 44.63
GAF GA Financial Inc. 3.29 7.07 3.88 3.18 0.32 1.98 56.05 51.68
GBNK Gaston Federal Bancorp (MHC) NA NA NA NA NA NA NA NA
GDW Golden West Financial 2.45 7.51 5.14 2.38 0.22 0.86 33.19 27.08
GFCO Glenway Financial Corp. 3.26 7.56 4.43 3.13 0.30 1.92 54.49 50.12
GFED Guaranty Federal Bcshs Inc. 3.90 7.55 3.84 3.71 0.38 2.11 51.73 46.75
GLMR Gilmer Financial Svcs, Inc. 2.78 7.50 4.74 2.76 0.51 2.41 73.93 69.11
GOSB GSB Financial Corp. 4.09 6.58 2.67 3.92 0.19 2.88 70.07 68.63
GPT GreenPoint Financial Corp. 3.87 7.50 3.89 3.60 0.37 2.01 42.57 36.72
GSB Golden State Bancorp Inc. 2.82 6.98 4.33 2.65 0.60 1.80 54.40 44.06
GSFC Green Street Financial Corp. 4.33 7.45 3.16 4.29 0.07 1.8 41.3 40.35
GSLA GS Financial Corp. 4.55 7.02 2.62 4.40 0.01 2.71 61.36 61.26
GTPS Great American Bancorp 4.33 7.44 3.38 4.06 0.73 3.43 71.90 66.87
GUPB GFSB Bancorp Inc. 3.25 8.00 4.85 3.15 0.09 1.81 56.02 54.74
HALL Hallmark Capital Corp. 2.63 7.72 5.17 2.55 0.22 1.64 59.23 55.71
HARB Harbor Florida Bancshares Inc. 3.98 7.76 3.91 3.86 0.36 1.97 46.32 41.26
Balance Sheet Growth as of the MRQ
----------------------------------
Asset Loan Deposit
Growth Growth Growth
Rate Rate Rate
Ticker Short Name (%) (%) (%)
- ----------------------------------------------------------------------------------
FFHH FSF Financial Corp. 9.48 14.80 6.80
FFHS First Franklin Corp. 4.73 (1.07) 3.03
FFIC Flushing Financial Corp. 26.96 40.16 13.23
FFKY First Federal Financial Corp. 8.55 8.39 9.01
FFLC FFLC Bancorp Inc. 6.55 25.93 7.99
FFOH Fidelity Financial of Ohio 1.37 (2.04) (2.81)
FFPB First Palm Beach Bancorp Inc. 5.86 (5.50) 5.87
FFSL First Independence Corp. 11.26 24.72 9.49
FFSX First Fed SB of Siouxland(MHC) 17.72 18.76 20.11
FFWC FFW Corp. 12.92 22.35 7.87
FFWD Wood Bancorp Inc. 1.36 3.32 7.91
FFYF FFY Financial Corp. 8.76 4.64 (1.38)
FGHC First Georgia Holding Inc. 15.62 17.42 20.43
FIBC Financial Bancorp Inc. 20.71 25.16 9.38
FISB First Indiana Corp. 15.13 15.44 11.56
FKAN First Kansas Financial Corp. 4.97 (1.17) (1.12)
FKFS First Keystone Financial 21.87 7.81 5.69
FKKY Frankfort First Bancorp Inc. 1.85 4.50 (4.73)
FLAG FLAG Financial Corp. 99.56 104.03 88.06
FLFC First Liberty Financial Corp. 17.29 15.69 13.21
FLGS Flagstar Bancorp Inc. 61.20 58.37 52.03
FLKY First Lancaster Bancshares 25.55 24.43 14.86
FMBD First Mutual Bancorp Inc. (9.14) (1.01) (4.69)
FMCO FMS Financial Corp. 21.40 (2.01) 9.29
FMSB First Mutual Savings Bank 8.99 14.12 15.85
FNGB First Northern Capital Corp. 8.26 7.44 6.26
FPRY First Financial Bancorp 10.78 25.03 10.52
FSBI Fidelity Bancorp Inc. 9.05 17.42 9.26
FSFF First SecurityFed Financial NA NA NA
FSLA First Source Bancorp Inc. 18.22 17.98 (0.93)
FSNJ Bayonne Bancshares Inc. 16.28 35.97 (4.76)
FSPT FirstSpartan Financial Corp. (22.24) 16.33 4.71
FSSB First FS&LA of San Bernardino 0.37 11.00 1.86
FSTC First Citizens Corp. 12.05 7.12 17.16
FTF Texarkana First Financial Corp 10.62 4.02 8.08
FTFC First Federal Capital Corp. 0.79 (15.84) 18.49
FTNB Fulton Bancorp Inc. 9.49 4.02 2.93
FTSB Fort Thomas Financial Corp. 4.55 6.36 6.85
FWWB First Washington Bancorp Inc. 26.80 31.56 35.09
GAF GA Financial Inc. 11.81 15.59 3.50
GBNK Gaston Federal Bancorp (MHC) NA NA NA
GDW Golden West Financial (0.07) (13.11) 3.98
GFCO Glenway Financial Corp. 5.66 9.58 (2.74)
GFED Guaranty Federal Bcshs Inc. 30.37 30.00 (6.79)
GLMR Gilmer Financial Svcs, Inc. 7.89 14.84 14.24
GOSB GSB Financial Corp. (16.53) 18.10 (11.62)
GPT GreenPoint Financial Corp. (3.35) 10.69 (3.23)
GSB Golden State Bancorp Inc. 11.71 15.43 14.34
GSFC Green Street Financial Corp. (0.77) 3.2 1.63
GSLA GS Financial Corp. 17.77 34.80 (0.79)
GTPS Great American Bancorp 8.30 22.58 10.29
GUPB GFSB Bancorp Inc. 31.36 45.57 19.88
HALL Hallmark Capital Corp. 6.97 3.62 (3.51)
HARB Harbor Florida Bancshares Inc. 18.10 11.75 1.13
Market Data as of The Most Recent Quarter
----------------------------------------------------------------------------
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 ($) ($) ($) ($) ($) ($)
- ----------------------------------------------------------------------------------------------------------------------------------
FFHH FSF Financial Corp. 44.29 18.00 21.250 17.375 16.370 16.37
FFHS First Franklin Corp. 27.86 15.63 20.833 13.167 12.160 12.11
FFIC Flushing Financial Corp. 171.35 19.00 19.000 13.333 11.930 11.49
FFKY First Federal Financial Corp. 103.24 28.50 28.750 20.500 13.240 12.57
FFLC FFLC Bancorp Inc. 64.55 19.38 23.500 16.350 14.110 14.11
FFOH Fidelity Financial of Ohio 75.59 16.00 19.875 14.500 11.790 10.49
FFPB First Palm Beach Bancorp Inc. 160.16 43.50 44.938 30.250 23.520 23.04
FFSL First Independence Corp. 9.69 13.63 15.625 11.500 12.340 12.34
FFSX First Fed SB of Siouxland(MHC) 66.74 36.00 39.000 22.000 14.800 11.93
FFWC FFW Corp. 21.51 17.38 21.500 13.063 13.120 12.07
FFWD Wood Bancorp Inc. 41.28 16.00 27.000 9.367 8.450 8.45
FFYF FFY Financial Corp. 107.29 32.50 35.375 25.500 21.000 21.00
FGHC First Georgia Holding Inc. 44.39 10.50 10.500 4.667 3.070 2.87
FIBC Financial Bancorp Inc. 54.19 32.25 32.250 18.125 16.830 16.76
FISB First Indiana Corp. 258.82 26.13 30.000 17.083 12.540 12.41
FKAN First Kansas Financial Corp. 15.35 12.25 12.313 12.250 13.460 13.29
FKFS First Keystone Financial 32.28 17.25 21.750 11.563 10.530 10.53
FKKY Frankfort First Bancorp Inc. 22.75 15.50 22.938 14.875 14.020 14.02
FLAG FLAG Financial Corp. 72.46 16.63 18.500 9.333 7.460 7.46
FLFC First Liberty Financial Corp. 246.49 24.50 25.375 14.500 8.780 8.04
FLGS Flagstar Bancorp Inc. 293.91 24.38 28.375 16.000 10.440 10.16
FLKY First Lancaster Bancshares 12.11 14.50 16.375 14.000 14.730 14.73
FMBD First Mutual Bancorp Inc. 58.25 17.75 25.000 15.000 15.720 12.24
FMCO FMS Financial Corp. 64.98 14.17 16.667 7.833 5.690 5.65
FMSB First Mutual Savings Bank 59.42 17.63 20.167 11.500 8.020 8.02
FNGB First Northern Capital Corp. 93.02 13.38 14.000 11.000 8.490 8.49
FPRY First Financial Bancorp NA 20.75 21.125 17.250 17.070 17.07
FSBI Fidelity Bancorp Inc. 39.48 22.50 28.000 16.000 14.230 14.23
FSFF First SecurityFed Financial 80.90 16.56 17.250 14.500 14.050 14.01
FSLA First Source Bancorp Inc. 246.06 9.69 13.927 6.330 8.170 7.91
FSNJ Bayonne Bancshares Inc. 120.50 15.75 17.375 9.206 10.540 10.54
FSPT FirstSpartan Financial Corp. 117.85 41.50 47.250 35.000 29.570 29.57
FSSB First FS&LA of San Bernardino 3.16 9.75 11.500 9.000 13.680 13.18
FSTC First Citizens Corp. 72.73 31.88 35.500 17.500 13.560 11.13
FTF Texarkana First Financial Corp 38.01 28.38 30.625 19.625 16.23 16.23
FTFC First Federal Capital Corp. 257.15 17.94 18.250 11.500 6.420 6.11
FTNB Fulton Bancorp Inc. 29.23 18.38 26.500 16.750 14.830 14.83
FTSB Fort Thomas Financial Corp. 18.43 14.75 15.750 10.375 11.050 11.05
FWWB First Washington Bancorp Inc. 262.05 22.96 25.966 19.659 16.350 13.51
GAF GA Financial Inc. 98.37 18.38 22.250 16.500 14.940 14.80
GBNK Gaston Federal Bancorp (MHC) 46.09 15.25 NA NA 9.140 9.14
GDW Golden West Financial 4,478.37 106.313 114.250 71.813 50.760 50.76
GFCO Glenway Financial Corp. 43.57 22.00 24.250 11.500 12.800 12.70
GFED Guaranty Federal Bcshs Inc. 63.61 12.94 14.436 8.674 12.010 12.01
GLMR Gilmer Financial Svcs, Inc. 2.70 11.00 12.000 10.000 19.880 19.88
GOSB GSB Financial Corp. 26.70 17.00 18.938 14.250 14.300 14.30
GPT GreenPoint Financial Corp. 2,293.03 37.63 42.063 29.344 17.650 9.98
GSB Golden State Bancorp Inc. 1,778.86 29.75 41.813 26.750 20.240 16.99
GSFC Green Street Financial Corp. 50.02 14.75 20.75 14.5 14.81 14.81
GSLA GS Financial Corp. 44.10 16.75 21.000 14.875 16.010 16.01
GTPS Great American Bancorp 26.97 21.75 23.000 16.500 17.070 17.07
GUPB GFSB Bancorp Inc. 15.50 16.13 17.000 12.333 12.190 12.19
HALL Hallmark Capital Corp. 34.53 14.00 18.000 10.500 12.040 12.04
HARB Harbor Florida Bancshares Inc. 295.87 11.94 12.813 7.197 8.410 8.32
53
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 (%) (%) (%) (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------------
HARL Harleysville Savings Bank 2.64 7.35 4.76 2.58 0.12 1.24 45.75 43.13
HARS Harris Financial Inc. (MHC) 2.45 7.05 4.68 2.37 0.28 1.83 66.12 62.14
HAVN Haven Bancorp Inc. 2.88 6.97 4.25 2.72 0.93 2.81 76.52 68.49
HBBI Home Building Bancorp 3.54 7.56 4.14 3.43 0.25 2.50 68.18 65.89
HBEI Home Bancorp of Elgin Inc. 4.23 7.10 3.05 4.06 0.28 3.20 74.15 72.35
HBFW Home Bancorp 2.81 7.37 4.61 2.76 0.08 1.39 49.00 47.46
HBNK Highland Bancorp Inc. 4.37 8.87 4.81 4.06 0.35 1.74 38.06 32.78
HBS Haywood Bancshares Inc. 3.35 7.38 4.16 3.22 0.28 1.18 55.64 51.82
HBSC Heritage Bancorp Inc. 2.51 6.88 4.42 2.46 0.08 0.99 37.66 35.53
HCBB HCB Bancshares Inc. 3.23 7.28 4.18 3.11 0.29 2.85 82.08 80.37
HCBC High Country Bancorp Inc. 4.49 7.94 3.69 4.26 0.18 2.97 66.88 65.49
HCFC Home City Financial Corp. 4.40 8.63 4.33 4.30 0.10 2.47 56.24 55.27
HEMT HF Bancorp Inc. 2.42 6.97 4.63 2.35 0.28 2.18 71.36 67.99
HFBC HopFed Bancorp Inc. 2.46 5.94 3.52 2.43 0.21 0.93 35.44 29.97
HFFB Harrodsburg First Fin Bancorp 3.65 7.16 3.58 3.58 0.10 1.54 41.89 40.30
HFFC HF Financial Corp. 3.80 8.03 4.42 3.61 2.14 3.47 59.50 35.45
HFGI Harrington Financial Group 0.94 6.30 5.39 0.91 0.05 1.18 121.92 123.23
HFSA Hardin Bancorp Inc. 2.65 7.17 4.56 2.60 0.29 1.88 65.15 61.27
HFWA Heritage Financial Corp. 4.80 7.89 3.45 4.44 0.42 3.78 77.86 75.76
HHFC Harvest Home Financial Corp. 2.49 6.89 4.44 2.45 0.06 1.67 66.71 65.84
HIFS Hingham Instit. for Savings 3.53 6.62 3.76 2.86 5.32 8.10 95.27 86.48
HLFC Home Loan Financial Corp. 3.13 6.88 3.87 3.01 0.61 3.41 93.97 92.75
HMLK Hemlock Federal Financial Corp 3.23 7.05 3.99 3.06 0.83 2.73 68.55 60.05
HMNF HMN Financial Inc. 2.88 7.11 4.34 2.77 1.14 2.43 62.77 47.49
HOMF Home Federal Bancorp 3.21 7.68 4.59 3.09 0.47 1.97 55.05 48.24
HPBC Home Port Bancorp Inc. 3.98 7.74 3.95 3.79 0.35 2.81 67.84 64.86
HRBF Harbor Federal Bancorp Inc. 3.46 6.96 3.67 3.29 0.23 2.34 66.33 63.96
HRBT Hudson River Bancorp 3.14 7.08 4.03 3.05 0.23 2.41 72.77 70.74
HRZB Horizon Financial Corp. 3.39 7.46 4.20 3.27 0.49 2.90 77.07 73.61
HSTD Homestead Bancorp Inc. 3.89 7.24 3.58 3.66 0.45 2.38 53.65 47.98
HTHR Hawthorne Financial Corp. 3.49 7.21 3.84 3.37 0.23 2.38 66.52 64.27
HWEN Home Financial Bancorp 3.35 7.34 4.06 3.27 0.55 2.79 73.03 68.49
HZFS Horizon Financial Svcs Corp. 3.50 7.53 4.10 3.42 0.37 2.18 61.51 57.35
ICBC Independence Comm. Bank Corp. 3.17 7.20 4.14 3.06 0.36 1.74 50.18 44.38
IFSB Independence Federal Svgs Bank 3.56 7.14 3.74 3.40 0.48 2.86 68.40 63.94
INBI Industrial Bancorp Inc. 3.24 7.35 4.25 3.09 0.61 2.35 63.32 56.09
IPSW Ipswich Savings Bank 3.23 7.46 4.33 3.13 0.24 2.05 60.80 57.77
ITLA ITLA Capital Corp. 2.69 6.89 4.33 2.56 0.19 1.39 44.14 39.89
IWBK InterWest Bancorp Inc. 2.82 7.04 4.35 2.69 0.55 2.87 88.31 85.91
JSB JSB Financial Inc. 3.71 8.00 4.59 3.40 0.95 3.71 86.47 82.70
JSBA Jefferson Savings Bancorp Inc. 3.43 7.41 4.26 3.16 0.73 2.80 72.36 65.98
JXSB Jacksonville Savings Bk (MHC) 3.50 7.15 3.75 3.41 0.23 2.39 65.10 62.74
JXVL Jacksonville Bancorp Inc. 3.30 7.27 4.15 3.13 0.57 2.46 65.75 59.52
KFBI Klamath First Bancorp 3.36 7.19 3.98 3.22 0.35 2.37 66.31 62.64
KNK Kankakee Bancorp Inc. 3.00 6.43 3.50 2.92 0.12 2.39 78.12 77.26
KSAV KS Bancorp Inc. 3.92 7.69 3.91 3.78 0.51 2.22 51.74 45.21
KSBK KSB Bancorp Inc. 3.25 7.20 4.07 3.13 0.54 1.73 45.57 36.19
KYF Kentucky First Bancorp Inc. 3.71 7.43 3.81 3.62 0.38 2.08 51.87 46.78
LARK Landmark Bancshares Inc. 1.44 6.78 5.38 1.40 0.10 1.09 70.79 68.77
LARL Laurel Capital Group Inc. 2.43 7.14 4.87 2.27 0.49 1.59 56.23 46.72
LFBI Little Falls Bancorp Inc. 2.01 6.85 4.91 1.94 0.52 1.95 74.64 67.88
LFCO Life Financial Corp. NA NA NA NA NA NA NA NA
LFED Leeds Federal Bankshares (MHC) 4.15 7.66 3.52 4.14 0.15 1.16 27.30 24.60
LIBB Liberty Bancorp Inc. (MHC) 4.47 8.57 4.34 4.24 0.80 3.89 74.42 69.60
LO Local Financial Corp. 2.96 7.56 4.77 2.80 0.36 2.10 61.61 56.69
LOGN Logansport Financial Corp. 3.04 7.35 4.46 2.89 0.59 2.66 76.22 71.34
LONF London Financial Corp. 4.33 7.44 3.31 4.13 0.48 3.98 84.86 83.09
LSBI LSB Financial Corp. 3.84 7.63 3.89 3.74 0.10 2.89 75.26 74.58
LSBX Lawrence Savings Bank 3.59 7.63 4.23 3.40 0.54 2.55 64.04 58.35
LVSB Lakeview Financial Corp. 3.39 7.99 4.74 3.25 0.40 2.48 67.69 63.68
LXMO Lexington B&L Financial Corp. 3.23 7.73 4.60 3.12 0.38 2.03 52.42 46.61
MAFB MAF Bancorp Inc. 3.97 7.18 3.31 3.88 0.15 1.91 47.94 45.94
MARN Marion Capital Holdings NA NA NA NA NA NA NA NA
MASB MASSBANK Corp. 3.96 7.83 4.17 3.66 0.25 0.79 50.03 46.57
MBBC Monterey Bay Bancorp Inc. 4.46 8.24 4.02 4.22 0.36 3.33 71.47 69.03
MBLF MBLA Financial Corp. 3.38 7.53 4.29 3.24 0.33 2.67 73.93 71.25
MBSP Mitchell Bancorp Inc. 2.07 6.96 4.95 2.01 0.22 1.47 61.86 57.65
MCBN Mid-Coast Bancorp Inc. 3.31 7.09 3.88 3.22 0.20 2.34 66.02 63.90
MDBK Medford Bancorp Inc. 3.73 7.29 3.69 3.60 0.03 1.79 49.39 48.96
MECH MECH Financial Inc. 2.78 7.41 4.77 2.64 0.94 1.89 50.54 32.85
METF Metropolitan Financial Corp. 3.73 7.78 4.23 3.55 0.71 2.51 59.51 51.38
MFBC MFB Corp. 3.86 7.75 4.06 3.69 0.48 2.31 55.06 49.16
MFFC Milton Federal Financial Corp. NA NA NA NA NA NA NA NA
MFLR Mayflower Co-operative Bank 4.22 7.68 3.65 4.03 0.47 2.78 61.79 57.31
MIFC Mid-Iowa Financial Corp. 3.09 7.41 4.38 3.03 0.69 1.86 49.84 38.39
MIVI Mississippi View Holding Co. 3.06 6.70 3.73 2.97 0.14 1.45 46.19 43.59
MONT Montgomery Financial Corp. 3.54 7.70 4.26 3.44 0.20 2.13 58.38 55.93
MRKF Market Financial Corp. NA NA NA NA NA NA NA NA
MSBF MSB Financial Inc. 3.62 7.51 3.95 3.57 0.12 1.62 43.72 41.81
MSBK Mutual Savings Bank FSB 3.78 7.20 3.66 3.54 0.38 3.08 75.45 72.79
MWBI Midwest Bancshares Inc. 3.79 7.93 4.32 3.61 0.12 1.96 52.41 50.89
MWBX MetroWest Bank 3.24 6.85 3.83 3.02 0.71 3.03 74.35 68.35
MYST Mystic Financial Inc. 3.47 7.21 3.95 3.26 0.49 2.70 72.06 67.90
NASB NASB Financial Inc. 3.27 7.22 4.14 3.07 0.87 2.55 62.84 52.38
Balance Sheet Growth as of the MRQ
----------------------------------
Asset Loan Deposit
Growth Growth Growth
Rate Rate Rate
Ticker Short Name (%) (%) (%)
- ----------------------------------------------------------------------------------
HARL Harleysville Savings Bank 17.44 4.64 5.75
HARS Harris Financial Inc. (MHC) 13.76 7.09 (3.13)
HAVN Haven Bancorp Inc. 27.15 39.25 26.42
HBBI Home Building Bancorp (4.79) 1.69 (7.69)
HBEI Home Bancorp of Elgin Inc. 4.28 14.30 7.31
HBFW Home Bancorp 7.59 16.70 6.51
HBNK Highland Bancorp Inc. 13.69 12.49 5.07
HBS Haywood Bancshares Inc. 0.87 1.40 0.14
HBSC Heritage Bancorp Inc. NA NA NA
HCBB HCB Bancshares Inc. 22.84 10.24 (8.91)
HCBC High Country Bancorp Inc. 31.79 28.84 12.95
HCFC Home City Financial Corp. 11.55 25.47 14.18
HEMT HF Bancorp Inc. 6.20 20.79 3.22
HFBC HopFed Bancorp Inc. 7.58 6.53 (13.72)
HFFB Harrodsburg First Fin Bancorp 0.08 3.86 0.15
HFFC HF Financial Corp. 1.41 (1.05) 6.75
HFGI Harrington Financial Group 8.42 74.05 30.94
HFSA Hardin Bancorp Inc. 23.42 17.66 6.53
HFWA Heritage Financial Corp. 71.72 32.46 49.74
HHFC Harvest Home Financial Corp. 9.69 8.02 4.45
HIFS Hingham Instit. for Savings 9.91 10.77 7.76
HLFC Home Loan Financial Corp. 35.62 15.44 (1.42)
HMLK Hemlock Federal Financial Corp 16.85 60.75 5.07
HMNF HMN Financial Inc. 27.93 34.84 27.85
HOMF Home Federal Bancorp 5.38 2.58 3.07
HPBC Home Port Bancorp Inc. 31.05 34.86 31.22
HRBF Harbor Federal Bancorp Inc. 8.95 2.26 4.37
HRBT Hudson River Bancorp NA NA NA
HRZB Horizon Financial Corp. 6.63 9.21 5.39
HSTD Homestead Bancorp Inc. 36.94 37.45 19.42
HTHR Hawthorne Financial Corp. 39.19 49.75 18.17
HWEN Home Financial Bancorp 0.12 -0.2 1.88
HZFS Horizon Financial Svcs Corp. 4.63 7.24 4.34
ICBC Independence Comm. Bank Corp. NA NA NA
IFSB Independence Federal Svgs Bank 2.89 1.23 0.62
INBI Industrial Bancorp Inc. 10.46 11.47 6.44
IPSW Ipswich Savings Bank 23.38 33.20 15.04
ITLA ITLA Capital Corp. 20.13 23.38 22.62
IWBK InterWest Bancorp Inc. 28.30 30.83 26.47
JSB JSB Financial Inc. 2.11 20.80 (0.97)
JSBA Jefferson Savings Bancorp Inc. (3.34) (5.17) (2.80)
JXSB Jacksonville Savings Bk (MHC) 4.30 (1.78) 3.79
JXVL Jacksonville Bancorp Inc. 7.29 9.69 7.17
KFBI Klamath First Bancorp 38.57 20.59 63.20
KNK Kankakee Bancorp Inc. 17.64 6.67 21.46
KSAV KS Bancorp Inc. 13.03 16.52 9.68
KSBK KSB Bancorp Inc. 8.13 16.67 16.98
KYF Kentucky First Bancorp Inc. (7.66) (0.22) 2.03
LARK Landmark Bancshares Inc. 0.54 11.66 3.29
LARL Laurel Capital Group Inc. 4.25 4.16 0.21
LFBI Little Falls Bancorp Inc. 17.12 19.52 1.50
LFCO Life Financial Corp. 141.92 171.30 92.72
LFED Leeds Federal Bankshares (MHC) 5.48 9.28 5.45
LIBB Liberty Bancorp Inc. (MHC) 18.08 13.88 6.86
LO Local Financial Corp. NA NA NA
LOGN Logansport Financial Corp. 8.55 12.68 6.65
LONF London Financial Corp. 1.62 3.80 6.52
LSBI LSB Financial Corp. 12.63 10.69 12.74
LSBX Lawrence Savings Bank (5.85) 14.62 3.08
Market Data as of The Most Recent Quarter
----------------------------------------------------------------------------
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 ($) ($) ($) ($) ($) ($)
- ----------------------------------------------------------------------------------------------------------------------------------
HARL Harleysville Savings Bank 49.21 32.25 35.000 21.750 15.140 15.14
HARS Harris Financial Inc. (MHC) 441.54 22.00 27.875 7.083 5.560 5.03
HAVN Haven Bancorp Inc. 111.17 25.63 28.750 17.813 13.330 12.74
HBBI Home Building Bancorp 7.48 21.25 23.750 18.500 20.610 20.61
HBEI Home Bancorp of Elgin Inc. 89.98 15.50 19.313 15.063 14.000 14.00
HBFW Home Bancorp 62.89 29.38 37.625 20.500 18.270 18.27
HBNK Highland Bancorp Inc. 82.55 41.00 43.500 25.000 19.360 19.36
HBS Haywood Bancshares Inc. 22.19 22.25 24.000 17.375 17.680 17.12
HBSC Heritage Bancorp Inc. 74.06 19.00 22.375 19.000 20.460 20.46
HCBB HCB Bancshares Inc. 28.10 14.75 15.250 12.625 14.450 14.28
HCBC High Country Bancorp Inc. 15.87 14.25 15.500 14.250 13.820 13.82
HCFC Home City Financial Corp. 11.76 15.00 22.75 13.75 11.97 11.97
HEMT HF Bancorp Inc. 98.23 17.69 18.250 13.875 13.150 11.25
HFBC HopFed Bancorp Inc. 63.53 18.88 21.875 16.000 14.460 14.46
HFFB Harrodsburg First Fin Bancorp 29.62 16.00 18.000 14.750 16.180 16.18
HFFC HF Financial Corp. 62.63 22.88 24.167 14.167 12.880 12.88
HFGI Harrington Financial Group 28.92 11.25 13.75 10.75 6.92 6.92
HFSA Hardin Bancorp Inc. 13.47 19.25 20.000 15.000 16.500 16.50
HFWA Heritage Financial Corp. 101.52 14.75 15.938 13.000 9.720 8.83
HHFC Harvest Home Financial Corp. 11.32 14.75 16.750 10.875 11.700 11.70
HIFS Hingham Instit. for Savings 32.41 30.25 37.000 21.000 17.290 17.29
HLFC Home Loan Financial Corp. 28.67 14.75 16.750 14.000 14.040 14.04
HMLK Hemlock Federal Financial Corp 27.51 18.00 19.000 13.875 14.810 14.81
HMNF HMN Financial Inc. 77.14 15.88 21.667 14.917 13.040 11.97
HOMF Home Federal Bancorp 114.35 30.25 33.750 18.833 13.030 12.70
HPBC Home Port Bancorp Inc. 36.84 25.00 27.625 19.250 12.320 12.32
HRBF Harbor Federal Bancorp Inc. 36.79 19.77 23.409 17.045 15.940 15.94
HRBT Hudson River Bancorp 178.54 NA NA NA NA NA
HRZB Horizon Financial Corp. 95.47 16.00 19.250 14.875 11.400 11.40
HSTD Homestead Bancorp Inc. 11.41 8.52 8.518 3.407 NA NA
HTHR Hawthorne Financial Corp. 71.98 17.00 24.000 12.250 15.070 15.07
HWEN Home Financial Bancorp 7.00 9.00 9.75 7.438 8.08 8.08
HZFS Horizon Financial Svcs Corp. 13.53 15.75 16.875 9.375 9.650 9.65
ICBC Independence Comm. Bank Corp. 988.57 17.00 NA NA 12.630 11.92
IFSB Independence Federal Svgs Bank 18.74 17.00 21.625 8.750 16.520 15.09
INBI Industrial Bancorp Inc. 87.76 19.00 25.000 13.625 12.190 12.19
IPSW Ipswich Savings Bank 29.87 17.38 20.750 7.875 5.460 5.46
ITLA ITLA Capital Corp. 92.89 20.75 24.000 15.750 13.850 13.81
IWBK InterWest Bancorp Inc. 346.65 28.92 31.333 24.667 10.720 10.39
JSB JSB Financial Inc. 492.07 58.56 58.563 41.000 38.650 38.65
JSBA Jefferson Savings Bancorp Inc. 145.55 31.25 31.875 14.125 13.030 10.55
JXSB Jacksonville Savings Bk (MHC) 27.67 21.00 25.500 11.083 9.380 9.38
JXVL Jacksonville Bancorp Inc. 38.45 18.50 23.25 14.75 14.48 14.48
KFBI Klamath First Bancorp 163.63 19.06 24.250 18.625 16.020 14.67
KNK Kankakee Bancorp Inc. 36.57 33.00 37.750 29.000 28.430 24.29
KSAV KS Bancorp Inc. NA 24.75 25.500 14.813 16.500 16.50
KSBK KSB Bancorp Inc. 17.78 17.50 22.500 12.500 9.970 8.76
KYF Kentucky First Bancorp Inc. 15.41 14.88 15.875 10.625 11.610 11.61
LARK Landmark Bancshares Inc. 31.16 26.75 29.250 20.000 19.340 19.34
LARL Laurel Capital Group Inc. 39.71 19.75 23.500 14.000 10.730 10.73
LFBI Little Falls Bancorp Inc. 34.69 18.50 22.250 15.250 14.910 13.83
LFCO Life Financial Corp. 24.58 18.25 25.375 10.750 9.110 9.11
LFED Leeds Federal Bankshares (MHC) 77.07 19.00 23.500 12.833 9.490 9.49
LIBB Liberty Bancorp Inc. (MHC) 35.11 NA NA NA NA NA
LO Local Financial Corp. 177.13 13.00 NA NA 5.010 4.63
LOGN Logansport Financial Corp. 18.61 16.50 19.625 13.250 13.460 13.46
LONF London Financial Corp. 7.78 16.75 21.000 14.000 10.230 10.23
LSBI LSB Financial Corp. 27.10 30.75 31.429 19.286 20.460 20.46
LSBX Lawrence Savings Bank 45.46 15.56 19.313 10.938 9.620 9.62
54
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 (%) (%) (%) (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------------
LVSB Lakeview Financial Corp. 3.41 6.80 3.60 3.20 0.66 2.34 51.49 41.50
LXMO Lexington B&L Financial Corp. 3.90 7.91 4.17 3.74 0.37 2.91 69.06 65.97
MAFB MAF Bancorp Inc. 2.89 7.11 4.35 2.76 0.47 1.49 49.50 40.92
MARN Marion Capital Holdings 4.28 7.69 3.81 3.89 0.32 2.47 52.89 48.96
MASB MASSBANK Corp. 2.88 6.59 3.76 2.83 0.20 1.37 44.20 40.32
MBBC Monterey Bay Bancorp Inc. 2.89 7.14 4.37 2.76 0.40 2.41 70.16 65.85
MBLF MBLA Financial Corp. 2.12 6.99 4.89 2.10 0.00 0.74 35.02 34.88
MBSP Mitchell Bancorp Inc. 4.94 7.86 3.02 4.85 0.01 2.69 55.28 55.18
MCBN Mid-Coast Bancorp Inc. 3.93 8.02 4.30 3.72 0.41 3.12 74.85 72.10
MDBK Medford Bancorp Inc. 3.23 6.93 3.83 3.10 0.25 1.68 46.95 42.67
MECH MECH Financial Inc. 3.63 6.98 3.58 3.40 0.84 2.51 59.79 49.83
METF Metropolitan Financial Corp. 3.42 8.23 5.01 3.22 0.42 2.39 64.63 59.97
MFBC MFB Corp. 3.23 7.53 4.38 3.16 0.20 2.03 60.52 57.98
MFFC Milton Federal Financial Corp. 2.76 7.26 4.58 2.69 0.14 1.88 67.01 65.30
MFLR Mayflower Co-operative Bank 3.89 7.36 3.72 3.64 0.38 2.44 60.12 55.97
MIFC Mid-Iowa Financial Corp. 2.91 7.16 4.40 2.76 0.96 2.20 59.00 44.79
MIVI Mississippi View Holding Co. 3.91 7.48 3.62 3.85 0.25 2.35 57.68 54.88
MONT Montgomery Financial Corp. 3.70 7.86 4.31 3.55 0.03 2.03 57.18 56.85
MRKF Market Financial Corp. 3.95 6.90 3.00 3.91 0.01 2.27 57.81 57.66
MSBF MSB Financial Inc. 4.78 8.38 3.78 4.59 0.51 2.87 56.59 51.77
MSBK Mutual Savings Bank FSB 1.84 6.47 4.70 1.78 0.47 2.19 97.80 97.22
MWBI Midwest Bancshares Inc. 2.80 7.32 4.62 2.70 0.23 1.78 60.00 56.52
MWBX MetroWest Bank 4.09 7.75 3.84 3.92 0.35 2.64 61.18 57.69
MYST Mystic Financial Inc. 4.04 7.13 3.30 3.83 0.45 2.79 65.09 60.97
NASB NASB Financial Inc. 3.62 8.41 4.88 3.53 0.82 2.04 47.31 35.08
NBCP Niagara Bancorp Inc. (MHC) 3.41 7.08 3.81 3.26 0.57 2.23 58.16 50.82
NBN Northeast Bancorp 4.14 8.36 4.41 3.95 0.67 3.20 66.25 60.53
NBSI North Bancshares Inc. 3.03 7.16 4.18 2.98 0.21 2.60 81.51 80.20
NEIB Northeast Indiana Bancorp 3.57 7.99 4.47 3.51 0.33 1.73 45.09 40.00
NEP Northeast PA Financial Corp. 3.51 7.08 3.66 3.42 0.18 2.51 68.94 67.29
NHTB New Hampshire Thrift Bncshrs 3.79 7.50 3.98 3.52 0.71 2.79 63.93 56.67
NMSB NewMil Bancorp Inc. 3.78 7.23 3.58 3.65 0.45 2.80 70.18 66.55
NSLB NS&L Bancorp Inc. 3.29 6.73 3.53 3.20 0.61 2.68 70.28 64.65
NSSY NSS Bancorp Inc. 3.16 7.10 4.06 3.04 0.61 2.49 66.86 60.24
NTBK Net.B@nk Inc. 3.11 7.52 4.45 3.07 0.24 4.86 147.04 150.75
NTMG Nutmeg Federal S&LA 4.25 7.16 3.15 4.01 1.25 3.95 73.79 65.63
NWEQ Northwest Equity Corp. 3.88 8.00 4.34 3.66 0.63 2.46 56.16 48.57
NWSB Northwest Bancorp Inc. (MHC) 3.67 7.72 4.20 3.52 0.32 2.19 54.84 50.77
OCFC Ocean Financial Corp. 3.03 6.99 4.06 2.93 0.18 1.62 52.84 50.00
OCN Ocwen Financial Corp. 4.43 9.05 5.32 3.73 1.69 4.54 94.66 92.23
OFCP Ottawa Financial Corp. 3.28 7.43 4.38 3.05 0.51 2.23 58.85 51.91
OHSL OHSL Financial Corp. 3.07 7.59 4.59 3.00 0.18 1.94 61.08 58.80
OSFS Ohio State Financial Services 3.85 7.10 3.35 3.76 0.12 2.39 61.92 60.72
OTFC Oregon Trail Financial Corp. 4.05 6.61 2.65 3.95 0.35 2.40 55.79 51.90
PBCI Pamrapo Bancorp Inc. 4.64 7.62 3.23 4.38 0.37 2.79 57.07 53.45
PBCT People's Bank (MHC) 3.47 6.59 3.41 3.18 2.64 4.25 71.41 47.69
PBHC Pathfinder Bancorp Inc. (MHC) 4.07 7.36 3.64 3.72 0.45 3.23 73.41 70.22
PBKB People's Bancshares Inc. 2.70 7.12 4.52 2.60 0.24 2.31 79.44 77.51
PBOC PBOC Holdings Inc. NA NA NA NA NA NA NA NA
PCBC Perry County Financial Corp. 2.67 6.84 4.21 2.63 0.04 1.07 40.03 39.14
PDB Piedmont Bancorp Inc. 4.00 7.93 4.03 3.90 0.32 2.21 54.50 50.78
PEDE Great Pee Dee Bancorp 4.05 7.60 3.61 3.98 0.05 1.31 32.53 31.74
PEEK Peekskill Financial Corp. 3.55 6.71 3.20 3.51 0.12 1.81 49.90 48.19
PERM Permanent Bancorp Inc. 2.71 7.07 4.47 2.59 0.49 2.06 65.99 59.56
PFDC Peoples Bancorp 3.70 7.70 4.05 3.65 0.24 1.53 38.88 34.85
PFED Park Bancorp Inc. 3.55 7.11 3.69 3.41 0.12 2.07 67.69 66.55
PFFB PFF Bancorp Inc. 2.72 7.08 4.45 2.64 0.47 1.91 61.05 54.07
PFFC Peoples Financial Corp. 3.60 7.37 3.85 3.51 0.03 2.56 72.24 71.97
PFNC Progress Financial Corp. 4.57 8.22 3.95 4.27 1.41 4.25 73.24 64.41
Balance Sheet Growth as of the MRQ
----------------------------------
Asset Loan Deposit
Growth Growth Growth
Rate Rate Rate
Ticker Short Name (%) (%) (%)
- ----------------------------------------------------------------------------------
LVSB Lakeview Financial Corp. 17.39 27.81 23.22
LXMO Lexington B&L Financial Corp. 60.88 38.81 82.38
MAFB MAF Bancorp Inc. 7.47 10.90 2.25
MARN Marion Capital Holdings 11.92 10.99 10.38
MASB MASSBANK Corp. 2.68 12.55 1.28
MBBC Monterey Bay Bancorp Inc. 5.66 (2.02) 14.58
MBLF MBLA Financial Corp. (13.45) 8.07 13.11
MBSP Mitchell Bancorp Inc. 12.85 (2.37) 22.02
MCBN Mid-Coast Bancorp Inc. 9.32 3.14 11.10
MDBK Medford Bancorp Inc. 5.85 1.09 1.07
MECH MECH Financial Inc. 15.92 10.27 3.83
METF Metropolitan Financial Corp. 28.93 22.55 21.69
MFBC MFB Corp. 17.20 27.85 4.82
MFFC Milton Federal Financial Corp. 17.41 32.97 10.31
MFLR Mayflower Co-operative Bank 13.76 3.15 10.09
MIFC Mid-Iowa Financial Corp. 7.57 7.50 3.02
MIVI Mississippi View Holding Co. (2.43) 1.39 (2.62)
MONT Montgomery Financial Corp. 13.31 15.28 17.84
MRKF Market Financial Corp. (5.17) 26.47 2.81
MSBF MSB Financial Inc. 7.05 6.59 2.66
MSBK Mutual Savings Bank FSB (8.85) 10.90 2.61
MWBI Midwest Bancshares Inc. 8.82 8.34 (0.92)
MWBX MetroWest Bank 16.23 4.89 17.44
MYST Mystic Financial Inc. 33.01 19.07 11.96
NASB NASB Financial Inc. (0.62) (2.16) 6.96
NBCP Niagara Bancorp Inc. (MHC) 17.23 12.92 0.11
NBN Northeast Bancorp 13.54 26.68 6.42
NBSI North Bancshares Inc. 3.11 (2.34) 1.69
NEIB Northeast Indiana Bancorp 15.29 14.26 39.12
NEP Northeast PA Financial Corp. 26.42 9.59 3.95
NHTB New Hampshire Thrift Bncshrs 2.87 (2.64) 4.52
NMSB NewMil Bancorp Inc. 13.78 (2.18) 6.71
NSLB NS&L Bancorp Inc. 4.92 10.29 9.24
NSSY NSS Bancorp Inc. (1.78) (6.10) 6.59
NTBK Net.B@nk Inc. NM 0.00 NM
NTMG Nutmeg Federal S&LA 9.44 8.78 10.12
NWEQ Northwest Equity Corp. (0.45) 0.85 (2.12)
NWSB Northwest Bancorp Inc. (MHC) 22.53 24.06 23.26
OCFC Ocean Financial Corp. 6.22 20.25 5.45
OCN Ocwen Financial Corp. 25.79 11.34 (2.47)
OFCP Ottawa Financial Corp. 6.80 6.17 5.46
OHSL OHSL Financial Corp. 7.75 1.49 6.91
OSFS Ohio State Financial Services 12.17 (2.73) -5.9
OTFC Oregon Trail Financial Corp. 16.80 13.37 0.08
PBCI Pamrapo Bancorp Inc. 6.28 9.02 6.53
PBCT People's Bank (MHC) 15.70 9.19 18.91
PBHC Pathfinder Bancorp Inc. (MHC) 3.77 16.35 (0.64)
PBKB People's Bancshares Inc. 46.56 82.11 17.20
PBOC PBOC Holdings Inc. NA NA NA
PCBC Perry County Financial Corp. 10.67 18.06 5.63
PDB Piedmont Bancorp Inc. 6.34 6.42 5.87
PEDE Great Pee Dee Bancorp 12.99 5.24 (21.77)
PEEK Peekskill Financial Corp. 9.74 4.73 5.62
PERM Permanent Bancorp Inc. 16.96 24.51 26.98
PFDC Peoples Bancorp 5.83 11.32 3.87
PFED Park Bancorp Inc. 12.10 9.33 8.81
PFFB PFF Bancorp Inc. 14.31 (0.85) 1.43
PFFC Peoples Financial Corp. (1.83) 18.65 6.36
PFNC Progress Financial Corp. 38.75 NA 20.13
Market Data as of The Most Recent Quarter
----------------------------------------------------------------------------
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 ($) ($) ($) ($) ($) ($)
- ----------------------------------------------------------------------------------------------------------------------------------
LVSB Lakeview Financial Corp. 107.37 25.00 28.750 16.125 11.600 7.78
LXMO Lexington B&L Financial Corp. 13.11 16.13 17.875 15.750 15.170 14.15
MAFB MAF Bancorp Inc. 505.86 24.25 28.833 18.278 12.400 11.07
MARN Marion Capital Holdings 39.84 28.50 29.500 22.000 22.090 21.62
MASB MASSBANK Corp. 133.21 49.00 54.250 35.625 30.440 30.04
MBBC Monterey Bay Bancorp Inc. 50.02 14.80 21.400 12.800 12.790 11.71
MBLF MBLA Financial Corp. 22.76 23.75 30.625 23.250 22.330 22.33
MBSP Mitchell Bancorp Inc. 14.53 16.50 18.000 16.375 15.720 15.72
MCBN Mid-Coast Bancorp Inc. 6.06 12.63 14.000 6.500 7.350 7.35
MDBK Medford Bancorp Inc. 144.78 20.50 22.125 14.625 11.390 10.81
MECH MECH Financial Inc. 124.44 29.00 31.500 18.875 17.510 17.51
METF Metropolitan Financial Corp. 71.39 14.88 18.875 7.750 5.610 5.20
MFBC MFB Corp. 31.01 24.00 30.375 19.000 20.810 20.81
MFFC Milton Federal Financial Corp. 28.10 15.00 17.000 13.625 12.580 12.58
MFLR Mayflower Co-operative Bank 15.74 23.50 27.500 16.750 14.670 14.46
MIFC Mid-Iowa Financial Corp. 23.85 11.00 12.75 8.5 7.73 7.72
MIVI Mississippi View Holding Co. 14.80 18.50 19.750 12.000 16.850 16.85
MONT Montgomery Financial Corp. 18.80 12.25 13.625 11.000 12.140 12.14
MRKF Market Financial Corp. 15.53 13.25 20.250 13.125 11.780 11.78
MSBF MSB Financial Inc. 18.68 14.55 17.727 10.795 9.950 9.95
MSBK Mutual Savings Bank FSB 31.64 11.38 14.625 9.750 7.950 7.95
MWBI Midwest Bancshares Inc. 13.40 15.00 19.500 10.417 10.850 10.85
MWBX MetroWest Bank 86.41 7.81 9.500 5.625 3.390 3.39
MYST Mystic Financial Inc. 28.31 14.63 18.563 14.125 13.330 13.33
NASB NASB Financial Inc. 146.70 53.13 56.000 33.875 27.830 27.02
NBCP Niagara Bancorp Inc. (MHC) 282.68 14.75 17.000 14.500 8.600 8.60
NBN Northeast Bancorp 23.86 15.00 19.500 9.625 9.230 8.49
NBSI North Bancshares Inc. 14.80 15.38 18.833 12.833 10.550 10.55
NEIB Northeast Indiana Bancorp 28.00 21.13 22.750 14.750 16.070 16.07
NEP Northeast PA Financial Corp. 65.88 14.13 16.000 13.750 14.370 14.37
NHTB New Hampshire Thrift Bncshrs 27.23 18.50 22.750 15.500 12.600 11.01
NMSB NewMil Bancorp Inc. 46.01 12.75 14.625 10.875 8.710 8.71
NSLB NS&L Bancorp Inc. 9.57 17.50 19.500 16.625 16.880 16.76
NSSY NSS Bancorp Inc. 101.07 56.00 57.125 28.375 23.190 22.62
NTBK Net.B@nk Inc. 100.67 29.50 30.000 8.750 6.070 6.01
NTMG Nutmeg Federal S&LA 14.00 10.88 11.375 6.375 6.320 6.32
NWEQ Northwest Equity Corp. 15.47 20.25 22.250 14.625 14.240 14.24
NWSB Northwest Bancorp Inc. (MHC) 480.12 15.81 18.000 7.813 4.650 4.18
OCFC Ocean Financial Corp. 215.38 19.13 20.000 16.532 13.570 13.50
OCN Ocwen Financial Corp. 372.23 26.88 30.375 16.063 7.030 6.43
OFCP Ottawa Financial Corp. 122.21 26.25 30.909 18.595 13.230 10.84
OHSL OHSL Financial Corp. 34.95 16.50 18.375 11.625 11.020 11.02
OSFS Ohio State Financial Services 10.15 15.50 15.500 15.500 16.470 16.47
OTFC Oregon Trail Financial Corp. 56.34 15.75 18.500 15.625 15.890 15.89
PBCI Pamrapo Bancorp Inc. 72.49 27.25 29.000 19.750 17.300 17.21
PBCT People's Bank (MHC) 1,463.24 34.59 41.125 25.750 13.370 11.52
PBHC Pathfinder Bancorp Inc. (MHC) 36.45 22.00 26.125 8.583 8.470 7.23
PBKB People's Bancshares Inc. 56.37 23.19 27.750 15.250 9.790 9.38
PBOC PBOC Holdings Inc. 224.23 13.81 NA NA 8.430 8.43
PCBC Perry County Financial Corp. 16.25 22.88 25.000 20.000 20.020 20.02
PDB Piedmont Bancorp Inc. 26.48 9.94 11.625 9.500 7.850 7.85
PEDE Great Pee Dee Bancorp 26.15 17.38 17.375 14.750 14.290 14.29
PEEK Peekskill Financial Corp. 41.43 17.88 18.250 15.250 14.920 14.92
PERM Permanent Bancorp Inc. 48.87 15.50 18.250 11.375 10.520 8.58
PFDC Peoples Bancorp 69.61 22.75 25.000 14.833 13.570 13.57
PFED Park Bancorp Inc. 30.47 18.00 19.750 15.875 16.550 16.55
PFFB PFF Bancorp Inc. 223.88 18.63 21.500 17.750 14.920 14.76
PFFC Peoples Financial Corp. 14.87 13.38 19.000 12.750 10.890 10.89
PFNC Progress Financial Corp. 65.34 18.21 21.667 9.297 7.950 7.09
55
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 (%) (%) (%) (%) (%) (%) (%) (%)
- ------------------------------------------------------------------------------------------------------------------------------------
PFSB PennFed Financial Services Inc 2.38 7.04 4.75 2.29 0.16 1.23 42.65 38.63
PFSL Pocahontas Bancorp Inc. 2.29 7.04 4.81 2.23 0.33 1.49 57.70 51.36
PHBK Peoples Heritage Finl Group 4.30 7.50 3.56 3.94 1.02 3.04 58.25 47.40
PHFC Pittsburgh Home Financial Corp 2.61 7.34 4.82 2.52 0.20 1.62 59.25 55.99
PHSB Peoples Home Savings Bk (MHC) 3.55 7.15 3.71 3.44 0.36 2.77 72.95 70.16
PLSK Pulaski Savings Bank (MHC) 3.14 7.23 4.18 3.05 0.11 2.15 67.80 66.63
PRBC Prestige Bancorp Inc. 3.10 7.02 4.01 3.01 0.27 2.44 74.36 72.02
PROV Provident Financial Holdings 3.06 7.12 4.18 2.94 0.66 2.83 79.32 74.67
PSBI PSB Bancorp Inc. 3.53 7.09 3.67 3.41 0.56 3.27 82.17 79.25
PSFC Peoples-Sidney Financial Corp. 3.99 7.72 3.77 3.94 0.06 2.11 52.68 51.95
PSFI PS Financial Inc. 4.75 7.54 2.98 4.55 0.09 1.54 33.21 31.93
PTRS Potters Financial Corp. 3.35 7.22 3.99 3.23 0.30 2.48 70.26 67.53
PULB Pulaski Bank, FSB (MHC) 3.73 7.55 3.90 3.64 0.36 2.49 62.28 58.57
PULS Pulse Bancorp 2.65 6.96 4.37 2.59 0.08 1.05 38.94 37.13
PVFC PVF Capital Corp. 3.78 8.57 4.88 3.69 0.28 2.21 55.59 52.26
PVSA Parkvale Financial Corp. 2.97 7.17 4.28 2.89 0.25 1.42 44.63 39.88
PWBK Pennwood Bancorp Inc. 4.42 7.92 3.75 4.17 0.34 2.99 66.10 63.37
QCBC Quaker City Bancorp Inc. 3.10 7.62 4.60 3.03 0.37 1.85 52.23 46.38
QCFB QCF Bancorp Inc. 4.27 7.29 3.10 4.19 0.38 1.86 40.72 35.41
QCSB Queens County Bancorp Inc. 4.36 8.16 3.97 4.20 0.15 1.74 39.94 37.78
RARB Raritan Bancorp Inc. 3.39 7.11 3.89 3.23 0.29 1.96 55.13 51.16
RCBK Richmond County Financial Corp 4.10 6.94 3.00 3.94 0.28 1.95 45.89 42.11
RELI Reliance Bancshares Inc. 4.91 7.27 2.57 4.70 0.05 2.73 57.52 57.07
RELY Reliance Bancorp Inc. 3.28 7.06 3.99 3.08 0.29 1.82 48.01 43.06
RIVR River Valley Bancorp 3.93 7.45 3.63 3.82 0.60 2.88 64.75 59.25
ROSE TR Financial Corp. 2.59 7.13 4.59 2.54 0.17 1.22 44.85 41.23
RSLN Roslyn Bancorp Inc. 2.88 7.04 4.21 2.83 0.26 1.24 40.18 34.66
RVSB Riverview Bancorp Inc. 4.82 8.21 3.65 4.56 0.91 2.88 50.35 40.44
SBAN SouthBanc Shares Inc. 3.57 7.15 3.77 3.38 0.82 2.58 62.66 53.58
SBFL Finger Lakes Financial (MHC) 3.04 7.17 4.24 2.93 0.26 2.59 78.85 76.97
SBOS Boston Bancorp (The) 2.72 6.92 4.27 2.65 0.16 1.51 56.25 53.67
SCBS Southern Community Bancshares 4.03 7.53 3.53 4.00 0.26 2.37 55.71 52.84
SCCB S. Carolina Community Bancshrs 4.02 7.61 3.71 3.90 0.28 2.73 65.49 63.03
SFED SFS Bancorp Inc. 3.43 7.31 3.97 3.35 0.28 2.49 69.03 66.48
SFFC StateFed Financial Corp. 3.35 7.78 4.61 3.17 0.13 1.52 53.59 51.62
SFIN Statewide Financial Corp. 3.71 7.23 3.63 3.6 0.31 2.62 66.57 63.72
SFSL Security First Corp. 4.09 8.30 4.38 3.93 0.27 1.96 46.26 42.60
SGVB SGV Bancorp Inc. 2.78 7.27 4.58 2.69 0.33 2.22 71.97 68.59
SHSB SHS Bancorp Inc. 3.15 7.69 4.60 3.08 0.15 2.01 61.25 59.36
SIB Staten Island Bancorp Inc. 4.36 6.91 2.74 4.16 0.31 1.82 38.86 34.34
SISB SIS Bancorp Inc. 3.68 6.99 3.52 3.47 0.92 2.88 66.23 57.29
SKAN Skaneateles Bancorp Inc. 4.18 7.71 3.75 3.96 0.76 3.57 73.49 68.39
SKBO First Carnegie Deposit (MHC) 2.75 6.84 4.19 2.66 0.05 1.88 69.35 68.72
SMBC Southern Missouri Bancorp Inc. 3.38 7.15 3.88 3.27 0.48 2.22 59.90 54.05
SOBI Sobieski Bancorp Inc. 3.42 7.40 4.12 3.27 0.26 2.43 68.98 66.54
SOPN First Savings Bancorp Inc. 3.91 7.55 3.71 3.84 0.20 1.26 31.14 27.49
SPBC St. Paul Bancorp Inc. 2.95 6.88 4.05 2.83 0.86 2.18 62.06 50.52
SRN Southern Banc Co. 2.80 7.05 4.29 2.75 0.09 2.06 71.28 70.37
SSB Scotland Bancorp Inc. 4.29 7.60 3.38 4.22 0.12 2.54 58.43 57.26
SSFC South Street Financial Corp. 3.07 7.09 4.09 3.00 0.07 2.21 71.86 71.20
SSM Stone Street Bancorp Inc. 4.63 8.01 3.48 4.53 0.14 2.35 50.26 48.77
STFR St. Francis Capital Corp. 2.69 6.98 4.51 2.47 0.43 2.06 68.12 62.59
STSA Sterling Financial Corp. 2.75 7.78 5.13 2.65 0.46 2.15 64.88 58.73
SVRN Sovereign Bancorp Inc. 2.71 7.17 4.59 2.57 0.29 1.47 48.63 42.79
SWCB Sandwich Bancorp Inc. 3.60 7.13 3.70 3.43 0.46 2.41 59.63 54.18
SZB SouthFirst Bancshares Inc. 3.45 7.28 4.19 3.09 1.09 3.49 83.34 77.43
TBFC Telebanc Financial Corp. 1.51 7.05 5.62 1.43 0.20 1.49 85.68 83.70
THR Three Rivers Financial Corp. 3.78 7.47 3.97 3.50 0.51 2.90 73.19 69.32
THRD TF Financial Corp. 2.93 6.67 3.82 2.85 0.19 2.16 66.39 64.15
Balance Sheet Growth as of the MRQ
----------------------------------
Asset Loan Deposit
Growth Growth Growth
Rate Rate Rate
Ticker Short Name (%) (%) (%)
- ----------------------------------------------------------------------------------
PFSB PennFed Financial Services Inc 17.42 17.62 11.97
PFSL Pocahontas Bancorp Inc. 6.84 22.20 21.50
PHBK Peoples Heritage Finl Group 17.46 23.12 12.36
PHFC Pittsburgh Home Financial Corp 45.37 20.22 6.98
PHSB Peoples Home Savings Bk (MHC) 5.58 (3.15) (2.06)
PLSK Pulaski Savings Bank (MHC) 5.88 (0.54) 9.55
PRBC Prestige Bancorp Inc. 21.32 20.02 9.80
PROV Provident Financial Holdings 32.57 27.82 14.42
PSBI PSB Bancorp Inc. 19.75 21.09 22.79
PSFC Peoples-Sidney Financial Corp. 2.68 5.77 2.61
PSFI PS Financial Inc. 2.83 30.59 (1.86)
PTRS Potters Financial Corp. 5.74 23.23 2.11
PULB Pulaski Bank, FSB (MHC) 3.71 0.36 4.23
PULS Pulse Bancorp 4.59 21.79 5.24
PVFC PVF Capital Corp. 16.14 8.28 19.41
PVSA Parkvale Financial Corp. 10.51 16.67 7.74
PWBK Pennwood Bancorp Inc. (7.80) 24.78 (0.18)
QCBC Quaker City Bancorp Inc. 10.74 8.13 5.01
QCFB QCF Bancorp Inc. (3.98) 6.32 1.82
QCSB Queens County Bancorp Inc. 16.92 14.78 0.41
RARB Raritan Bancorp Inc. 14.54 19.44 5.12
RCBK Richmond County Financial Corp 60.65 29.90 7.49
RELI Reliance Bancshares Inc. (10.04) (6.42) (1.51)
RELY Reliance Bancorp Inc. 25.75 7.02 13.39
RIVR River Valley Bancorp (3.39) 1.20 (4.80)
ROSE TR Financial Corp. 15.88 20.38 (11.63)
RSLN Roslyn Bancorp Inc. 21.97 78.62 14.86
RVSB Riverview Bancorp Inc. 16.96 6.54 8.99
SBAN SouthBanc Shares Inc. 43.50 19.25 5.33
SBFL Finger Lakes Financial (MHC) 18.72 34.77 7.51
SBOS Boston Bancorp (The) (15.43) (13.03) 0.65
SCBS Southern Community Bancshares (3.48) 12.39 1.46
SCCB S. Carolina Community Bancshrs 2.99 0.14 11.68
SFED SFS Bancorp Inc. 3.03 13.77 3.30
SFFC StateFed Financial Corp. 4.81 1.15 6.61
SFIN Statewide Financial Corp. (2.46) 1.25 -1.78
SFSL Security First Corp. 6.62 7.97 9.94
SGVB SGV Bancorp Inc. (0.24) 4.00 2.41
SHSB SHS Bancorp Inc. 6.76 2.81 1.45
SIB Staten Island Bancorp Inc. 57.08 23.59 0.75
SISB SIS Bancorp Inc. 8.64 9.16 7.76
SKAN Skaneateles Bancorp Inc. 7.68 2.38 8.46
SKBO First Carnegie Deposit (MHC) (1.04) 10.67 (1.66)
SMBC Southern Missouri Bancorp Inc. (2.79) 10.96 (7.93)
SOBI Sobieski Bancorp Inc. 13.17 25.46 1.90
SOPN First Savings Bancorp Inc. 3.36 8.22 3.72
SPBC St. Paul Bancorp Inc. (1.01) 4.01 (0.24)
SRN Southern Banc Co. (0.33) 13.72 (0.96)
SSB Scotland Bancorp Inc. (12.09) (7.86) 5.50
SSFC South Street Financial Corp. (15.75) (2.95) 4.22
SSM Stone Street Bancorp Inc. 5.78 14.13 3.07
STFR St. Francis Capital Corp. 6.68 16.19 7.10
STSA Sterling Financial Corp. 23.15 28.56 57.62
SVRN Sovereign Bancorp Inc. 39.97 23.81 24.33
SWCB Sandwich Bancorp Inc. 5.80 2.61 10.69
SZB SouthFirst Bancshares Inc. 67.53 40.54 98.58
TBFC Telebanc Financial Corp. 50.30 34.56 53.16
THR Three Rivers Financial Corp. 3.95 0.50 1.94
THRD TF Financial Corp. 7.58 (24.66) (2.65)
Market Data as of The Most Recent Quarter
-------------------------------------------------------------------------
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 ($) ($) ($) ($) ($) ($)
- -----------------------------------------------------------------------------------------------------------------------------
PFSB PennFed Financial Services Inc 113.14 16.56 19.000 13.563 11.870 10.33
PFSL Pocahontas Bancorp Inc. 56.82 9.75 11.43 5.156 8.74 8.46
PHBK Peoples Heritage Finl Group 1,436.29 23.63 26.500 18.125 8.260 6.86
PHFC Pittsburgh Home Financial Corp 24.95 16.75 20.813 15.000 13.120 12.98
PHSB Peoples Home Savings Bk (MHC) 39.33 18.38 22.125 13.625 10.400 10.40
PLSK Pulaski Savings Bank (MHC) 24.77 15.88 24.500 13.250 10.530 10.53
PRBC Prestige Bancorp Inc. 13.49 18.25 22.065 13.587 15.140 15.14
PROV Provident Financial Holdings 70.54 20.75 24.250 16.750 17.850 17.85
PSBI PSB Bancorp Inc. 23.26 10.11 11.274 5.637 NA NA
PSFC Peoples-Sidney Financial Corp. 29.29 17.88 24.375 13.625 11.960 11.96
PSFI PS Financial Inc. 22.16 13.38 22.375 12.750 11.280 11.28
PTRS Potters Financial Corp. 12.83 17.25 22.250 10.500 11.490 11.49
PULB Pulaski Bank, FSB (MHC) 45.28 37.19 51.000 17.750 11.870 11.87
PULS Pulse Bancorp 85.03 27.75 29.750 20.000 14.710 14.71
PVFC PVF Capital Corp. 45.89 17.33 18.833 11.137 7.820 7.82
PVSA Parkvale Financial Corp. 143.54 32.25 34.250 21.400 16.250 16.17
PWBK Pennwood Bancorp Inc. 6.80 13.50 17.438 11.063 12.340 12.34
QCBC Quaker City Bancorp Inc. 84.86 18.40 20.000 14.050 13.260 13.26
QCFB QCF Bancorp Inc. 36.00 30.50 31.750 21.250 19.930 19.93
QCSB Queens County Bancorp Inc. 553.79 29.08 31.417 19.861 8.710 8.71
RARB Raritan Bancorp Inc. 75.95 30.25 30.250 19.500 13.420 13.26
RCBK Richmond County Financial Corp 363.32 18.69 19.750 15.688 12.440 12.40
RELI Reliance Bancshares Inc. 21.26 8.25 10.125 8.000 9.340 9.34
RELY Reliance Bancorp Inc. 245.20 38.31 42.250 27.688 20.370 14.21
RIVR River Valley Bancorp 17.26 19.13 20.750 15.500 15.530 15.34
ROSE TR Financial Corp. 419.78 41.88 44.750 23.000 15.420 15.42
RSLN Roslyn Bancorp Inc. 641.70 22.31 30.500 20.156 14.360 14.30
RVSB Riverview Bancorp Inc. 85.06 16.63 19.125 8.281 10.610 10.28
SBAN SouthBanc Shares Inc. 72.13 19.38 23.758 10.608 17.720 17.72
SBFL Finger Lakes Financial (MHC) 39.27 18.63 24.750 8.625 6.120 6.12
SBOS Boston Bancorp (The) NA 41.75 44.000 28.750 40.290 40.29
SCBS Southern Community Bancshares 15.92 14.75 20.750 14.625 10.360 10.36
SCCB S. Carolina Community Bancshrs 9.71 21.63 25.250 18.500 16.280 16.28
SFED SFS Bancorp Inc. 32.93 23.00 27.250 16.875 18.130 18.13
SFFC StateFed Financial Corp. 15.93 14.00 15.000 9.500 10.270 10.27
SFIN Statewide Financial Corp. 75.21 21.00 26.688 18 14.51 14.49
SFSL Security First Corp. 153.80 25.75 27.875 14.667 8.770 8.66
SGVB SGV Bancorp Inc. 27.88 17.75 19.375 13.75 13.73 13.57
SHSB SHS Bancorp Inc. 14.55 17.00 18.000 14.750 14.930 14.93
SIB Staten Island Bancorp Inc. 772.86 22.75 23.625 18.813 15.750 15.36
SISB SIS Bancorp Inc. 243.85 38.75 44.500 27.625 18.570 18.57
SKAN Skaneateles Bancorp Inc. 19.50 18.50 22.250 13.833 12.700 12.40
SKBO First Carnegie Deposit (MHC) 25.88 19.00 21.000 13.250 10.630 10.63
SMBC Southern Missouri Bancorp Inc. 22.94 22.00 23.25 17 16.24 16.24
SOBI Sobieski Bancorp Inc. 11.73 18.75 24.250 14.750 18.020 18.02
SOPN First Savings Bancorp Inc. 82.87 24.50 26.000 20.000 18.730 18.73
SPBC St. Paul Bancorp Inc. 841.79 22.59 28.500 22.000 12.750 12.70
SRN Southern Banc Co. 16.69 15.50 19.125 15.250 15.090 14.98
SSB Scotland Bancorp Inc. 21.17 8.25 19.250 8.125 7.960 7.96
SSFC South Street Financial Corp. 38.58 9.94 20.000 8.625 8.500 8.50
SSM Stone Street Bancorp Inc. 27.73 19.38 22.500 19.250 16.640 16.64
STFR St. Francis Capital Corp. 182.71 38.75 50.750 33.875 25.780 23.06
STSA Sterling Financial Corp. 121.69 22.75 27.625 17.625 13.900 5.47
SVRN Sovereign Bancorp Inc. 1,785.36 16.34 22.188 12.240 7.020 6.19
SWCB Sandwich Bancorp Inc. 116.99 63.50 64.500 30.250 21.810 21.20
SZB SouthFirst Bancshares Inc. 15.96 19.00 22.750 15.875 16.750 16.33
TBFC Telebanc Financial Corp. 166.91 14.00 14.000 7.875 6.710 6.25
THR Three Rivers Financial Corp. 12.73 19.38 23.500 15.625 16.200 16.15
THRD TF Financial Corp. 55.85 25.63 30.000 19.125 17.840 15.14
56
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 (%) (%) (%) (%) (%) (%) (%) (%)
- ------------------------------------------------------------------------------------------------------------------------------------
THTL Thistle Group Holdings Co. NA NA NA NA NA NA NA NA
TRIC Tri-County Bancorp Inc. 3.20 7.37 4.25 3.12 0.16 1.89 57.48 55.35
TSBK Timberland Bancorp Inc. 4.96 8.18 3.44 4.74 0.48 2.47 47.25 41.88
TSBS Peoples Bancorp Inc. 3.83 6.80 3.17 3.64 0.44 2.12 48.94 42.72
TSH Teche Holding Co. 3.44 7.52 4.18 3.34 0.81 2.67 64.73 56.15
TWIN Twin City Bancorp 4.01 7.78 3.97 3.81 0.34 2.59 62.55 59.16
UBMT United Financial Corp. 3.64 7.27 3.75 3.52 1.41 2.71 54.18 35.81
UCBC Union Community Bancorp NA NA NA NA NA NA NA NA
UCFC United Community Finl Corp. NA NA NA NA NA NA NA NA
UFBS Union Financial Bcshs Inc. 3.37 7.41 4.22 3.19 0.53 2.51 64.16 58.23
UFRM United Federal Savings Bank 4.01 8.37 4.61 3.75 0.87 3.38 71.94 65.45
UPFC United PanAm Financial Corp. NA NA NA NA NA NA NA NA
USAB USABancshares Inc. 5.00 9.73 4.91 4.82 0.55 3.38 62.46 58.19
UTBI United Tennessee Bankshares 3.86 7.41 3.57 3.85 0.23 1.83 44.90 41.59
WAMU Washington Mutual Inc. 2.96 7.41 4.57 2.84 0.82 1.87 49.23 34.64
WAYN Wayne Savings Bancshares (MHC) 3.34 7.59 4.38 3.22 0.25 2.46 71.10 68.87
WBST Webster Financial Corp. 2.86 6.85 4.12 2.72 0.53 1.93 55.88 47.34
WCBI Westco Bancorp Inc. 3.60 7.56 4.06 3.49 0.25 1.54 41.34 37.17
WCFB Webster City Federal SB (MHC) 3.57 7.08 3.57 3.50 0.24 1.50 39.99 35.96
WEBK West Essex Bancorp (MHC) NA NA NA NA NA NA NA NA
WEFC Wells Financial Corp. 3.41 7.66 4.29 3.37 0.72 2.16 52.80 42.76
WEHO Westwood Homestead Fin. Corp. 3.65 7.92 4.33 3.59 0.11 2.29 62.06 60.94
WES Westcorp 3.35 7.19 4.37 2.81 2.69 6.40 116.81 132.86
WFI Winton Financial Corp. 3.10 7.94 4.89 3.05 0.16 1.84 56.86 54.58
WFSL Washington Federal Inc. 3.77 8.23 4.55 3.68 0.09 0.78 18.33 16.23
WHGB WHG Bancshares Corp. 3.56 7.23 3.82 3.41 0.12 2.37 67.03 65.87
WOFC Western Ohio Financial Corp. 2.95 7.34 4.51 2.82 0.20 2.41 75.99 74.28
WRNB Warren Bancorp Inc. 4.95 7.93 3.18 4.74 0.24 2.62 52.20 49.79
WSB Washington Savings Bank, FSB 2.40 7.91 5.62 2.30 0.36 1.83 70.05 65.29
WSBI Warwick Community Bancorp 4.50 7.32 3.07 4.25 0.71 3.19 64.29 58.33
WSFS WSFS Financial Corp. 2.89 7.26 4.68 2.58 1.45 2.44 58.35 34.94
WSTR WesterFed Financial Corp. 3.44 7.35 4.17 3.18 0.72 2.63 63.90 55.70
WVFC WVS Financial Corp. 3.60 7.61 4.05 3.56 0.14 1.67 45.21 43.07
WYNE Wayne Bancorp Inc. 3.47 7.30 3.93 3.37 0.26 2.38 65.76 63.15
YFCB Yonkers Financial Corp. 3.52 7.31 3.85 3.46 0.29 2.23 59.03 55.63
YFED York Financial Corp. 3.28 7.46 4.37 3.09 0.45 2.17 61.68 56.14
- -----------------------------------------------------------------------------------------------------------------------------------
Average 3.45 7.43 4.12 3.31 0.48 2.32 60.84 55.57
Balance Sheet Growth as of the MRQ
----------------------------------
Asset Loan Deposit
Growth Growth Growth
Rate Rate Rate
Ticker Short Name (%) (%) (%)
- ----------------------------------------------------------------------------------
THTL Thistle Group Holdings Co. NA NA NA
TRIC Tri-County Bancorp Inc. (3.25) 9.91 (2.66)
TSBK Timberland Bancorp Inc. 27.61 0.62 (1.19)
TSBS Peoples Bancorp Inc. 38.43 13.35 1.45
TSH Teche Holding Co. 1.52 2.11 1.60
TWIN Twin City Bancorp 3.04 7.28 (1.11)
UBMT United Financial Corp. 94.46 281.52 96.85
UCBC Union Community Bancorp NA NA NA
UCFC United Community Finl Corp. NA NA NA
UFBS Union Financial Bcshs Inc. 6.90 11.11 11.53
UFRM United Federal Savings Bank 9.58 16.14 7.80
UPFC United PanAm Financial Corp. NA NA NA
USAB USABancshares Inc. 178.84 283.29 133.54
UTBI United Tennessee Bankshares NA NA NA
WAMU Washington Mutual Inc. 11.74 8.40 (2.52)
WAYN Wayne Savings Bancshares (MHC) 2.03 (1.08) 2.16
WBST Webster Financial Corp. 11.12 (0.42) (0.40)
WCBI Westco Bancorp Inc. 2.79 4.44 1.68
WCFB Webster City Federal SB (MHC) 2.53 2.43 0.89
WEBK West Essex Bancorp (MHC) NA NA NA
WEFC Wells Financial Corp. (6.61) (7.87) 6.09
WEHO Westwood Homestead Fin. Corp. (6.18) 8.26 1.68
WES Westcorp (0.39) (14.28) (0.12)
WFI Winton Financial Corp. 12.97 NA 8.44
WFSL Washington Federal Inc. (3.50) (0.53) 4.66
WHGB WHG Bancshares Corp. 31.66 (3.53) 22.35
WOFC Western Ohio Financial Corp. (9.89) (18.10) 6.57
WRNB Warren Bancorp Inc. 5.62 8.96 5.09
WSB Washington Savings Bank, FSB 5.89 (9.53) 8.02
WSBI Warwick Community Bancorp 43.22 53.47 0.68
WSFS WSFS Financial Corp. 2.86 (19.07) 4.07
WSTR WesterFed Financial Corp. 6.96 4.30 0.88
WVFC WVS Financial Corp. 0.80 (0.34) (1.88)
WYNE Wayne Bancorp Inc. 5.48 12.64 12.36
YFCB Yonkers Financial Corp. 39.39 97.68 13.77
YFED York Financial Corp. 5.75 (3.09) 7.32
- -----------------------------------------------------------------------------------
Average 13.31 15.00 9.59
Market Data as of The Most Recent Quarter
-------------------------------------------------------------------------
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 ($) ($) ($) ($) ($) ($)
- -------------------------------------------------------------------------------------------------------------------------
THTL Thistle Group Holdings Co. 79.87 NA NA NA NA NA
TRIC Tri-County Bancorp Inc. 14.01 12.50 16.500 10.625 12.190 12.19
TSBK Timberland Bancorp Inc. 74.99 16.50 18.500 14.500 12.880 12.88
TSBS Peoples Bancorp Inc. 315.60 10.00 11.832 5.066 9.400 9.12
TSH Teche Holding Co. 46.43 19.63 23.500 17.500 16.600 16.60
TWIN Twin City Bancorp 15.98 13.38 15.500 12.833 11.290 11.29
UBMT United Financial Corp. 38.00 28.25 31.500 25.625 17.830 17.23
UCBC Union Community Bancorp 35.74 14.5 NA NA 14.310 14.31
UCFC United Community Finl Corp. 455.97 NA NA NA NA NA
UFBS Union Financial Bcshs Inc. 17.86 17.25 18.000 10.333 11.560 NA
UFRM United Federal Savings Bank 56.64 18.00 21.000 10.500 7.130 7.13
UPFC United PanAm Financial Corp. 88.53 10.25 NA NA 4.750 4.73
USAB USABancshares Inc. 17.02 10.97 11.625 5.555 6.210 6.17
UTBI United Tennessee Bankshares 15.64 13.66 16.000 13.625 13.830 13.83
WAMU Washington Mutual Inc. 11,471.83 43.44 50.917 36.750 14.890 14.01
WAYN Wayne Savings Bancshares (MHC) 44.76 26.00 30.000 15.455 9.940 9.94
WBST Webster Financial Corp. 833.44 33.25 36.250 22.000 14.310 12.13
WCBI Westco Bancorp Inc. 76.45 28.50 30.500 25.500 20.180 20.18
WCFB Webster City Federal SB (MHC) 32.24 19.25 22.000 15.625 10.750 10.75
WEBK West Essex Bancorp (MHC) 41.97 NA NA NA NA NA
WEFC Wells Financial Corp. 29.37 21.13 22.000 15.000 15.430 15.43
WEHO Westwood Homestead Fin. Corp. 26.87 12.63 18.125 11.875 10.16 10.16
WES Westcorp 202.94 13.75 23.500 11.500 12.600 12.57
WFI Winton Financial Corp. 50.18 16.25 20.625 6.250 6.490 6.39
WFSL Washington Federal Inc. 1,272.11 27.63 30.285 23.239 14.730 13.68
WHGB WHG Bancshares Corp. 15.80 15.75 19.000 15.000 14.520 14.52
WOFC Western Ohio Financial Corp. 46.67 24.75 29.250 21.250 22.580 21.12
WRNB Warren Bancorp Inc. 71.19 13.25 14.375 8.625 5.020 5.02
WSB Washington Savings Bank, FSB 19.34 7.94 9.500 4.875 5.210 5.21
WSBI Warwick Community Bancorp 80.93 17.00 18.000 15.375 13.040 13.04
WSFS WSFS Financial Corp. 191.00 20.50 23.875 13.500 7.620 7.58
WSTR WesterFed Financial Corp. 108.98 24.50 27.000 20.125 19.640 16.01
WVFC WVS Financial Corp. 55.39 16.00 20.125 12.875 9.120 9.12
WYNE Wayne Bancorp Inc. 57.63 30.38 32.000 19.000 17.470 17.47
YFCB Yonkers Financial Corp. 40.21 19.25 22.000 15.250 14.910 14.91
YFED York Financial Corp. 159.18 20.88 27.250 15.600 12.180 12.18
- ---------------------------------------------------------------------------------------------------------------------
Average 178.53 20.93 24.45 15.57 13.60 13.17
57
EXHIBIT 5
Page 1 of 1
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 (%) (%) (%) (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------------
Comparable Thrift Data
ANDB Andover Bancorp Inc. 3.17 7.20 4.14 3.06 0.36 1.74 50.18 44.38
EBSI Eagle Bancshares 3.68 8.05 4.66 3.39 1.64 3.49 75.58 63.76
FAB FIRSTFED AMERICA BANCORP INC. 2.81 6.96 4.29 2.67 0.40 2.08 67.44 62.53
FNGB First Northern Capital Corp. 3.19 7.27 4.20 3.07 0.46 2.04 57.92 51.58
FWWB First Washington Bancorp Inc. 3.70 7.83 4.30 3.53 0.31 1.99 49.10 44.63
KFBI Klamath First Bancorp 3.35 6.98 3.79 3.19 0.25 1.94 51.58 47.84
MDBK Medford Bancorp Inc. 3.23 6.93 3.83 3.10 0.25 1.68 46.95 42.67
MECH MECH Financial Inc. 3.63 6.98 3.58 3.40 0.84 2.51 59.79 49.83
WSTR WesterFed Financial Corp. 3.44 7.35 4.17 3.18 0.72 2.63 63.90 55.70
YFED York Financial Corp. 3.28 7.46 4.37 3.09 0.45 2.17 61.68 56.14
- -----------------------------------------------------------------------------------------------------------------------------------
Average 3.35 7.30 4.13 3.17 0.57 2.23 58.41 51.91
Median 3.32 7.24 4.19 3.14 0.43 2.06 58.86 50.71
Maximum 3.70 8.05 4.66 3.53 1.64 3.49 75.58 63.76
Minimum 2.81 6.93 3.58 2.67 0.25 1.68 46.95 42.67
Community Savings Bankshares,
Inc. 3.47 7.17 3.92 3.25 0.94 2.63 70.69 52.04
Variance to the Comparable
Median 0.16 (0.06) (0.27) 0.11 0.51 0.57 11.84 1.33
Balance Sheet Growth as of the MRQ
----------------------------------
Asset Loan Deposit
Growth Growth Growth
Rate Rate Rate
Ticker Short Name (%) (%) (%)
- ----------------------------------------------------------------------------------
Comparable Thrift Data
ANDB Andover Bancorp Inc. 11.30 16.14 5.63
EBSI Eagle Bancshares 32.03 41.62 37.80
FAB FIRSTFED AMERICA BANCORP INC. 28.88 2.04 (4.34)
FNGB First Northern Capital Corp. 8.26 7.44 6.26
FWWB First Washington Bancorp Inc. 26.80 31.56 35.09
KFBI Klamath First Bancorp 38.57 20.59 63.20
MDBK Medford Bancorp Inc. 5.85 1.09 1.07
MECH MECH Financial Inc. 15.92 10.27 3.83
WSTR WesterFed Financial Corp. 6.96 4.30 0.88
YFED York Financial Corp. 5.75 (3.09) 7.32
- ---------------------------------------------------------------------------------
Average 18.03 13.20 15.67
Median 13.61 8.86 5.95
Maximum 38.57 41.62 63.20
Minimum 5.75 (3.09) (4.34)
Community Savings Bankshares, 12.60 33.50 8.60
Inc.
(1.01) 24.65 2.65
Variance to the Comparable
Median
Market Data as of The Most Recent Quarter
----------------------------------------------------------------------------
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 ($) ($) ($) ($) ($) ($)
- -----------------------------------------------------------------------------------------------------------------------------
Comparable Thrift Data
ANDB Andover Bancorp Inc. 183.89 34.250 37.750 23.700 17.61 17.61
EBSI Eagle Bancshares 104.58 24.000 27.250 16.125 13.36 13.36
FAB FIRSTFED AMERICA BANCORP INC. 102.16 19.375 23.250 17.625 15.76 15.76
FNGB First Northern Capital Corp. 93.02 13.375 14.000 11.000 8.49 8.49
FWWB First Washington Bancorp Inc. 262.05 22.955 25.966 19.659 16.35 13.51
KFBI Klamath First Bancorp 163.63 19.063 24.250 18.625 16.02 14.67
MDBK Medford Bancorp Inc. 144.78 20.500 22.125 14.625 11.39 10.81
MECH MECH Financial Inc. 124.44 29.000 31.500 18.875 17.51 17.51
WSTR WesterFed Financial Corp. 108.98 24.500 27.000 20.125 19.64 16.01
YFED York Financial Corp. 159.18 20.875 27.250 15.600 12.18 12.18
- -------------------------------------------------------------------------------------------------------------------------
Average 144.67 22.79 26.03 17.60 14.83 13.99
Median 134.61 21.92 26.48 18.13 15.89 14.09
Maximum 262.05 34.25 37.75 23.70 19.64 17.61
Minimum 93.02 13.38 14.00 11.00 8.49 8.49
Community Savings Bankshares, Inc. 12.22 10.00 NA NA 10.49 10.49
Variance to the Comparable Median (122.39) (11.92) NA NA (5.40) (3.60)
58
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
Dividends Current Pricing Data as of 10/05/98
----------------------- -----------------------------------------
Current LTM Dividend Price/
Dividend Payout LTM Price/ Price/ Price/
Yield Ratio Core EPS Assets Earnings LTM EPS
Ticker Short Name ($) (%) (X) (%) (X) (X)
- ------------------------------------------ ----------------------- -----------------------------------------
%CCMD Chevy Chase Bank FSB NA NA NA NA NA NA
AABC Access Anytime Bancorp Inc. - 0.00 7.39 8.46 33.85 6.66
ABBK Abington Bancorp Inc. 1.36 25.64 16.76 9.54 12.29 12.61
ABCL Alliance Bancorp 2.44 34.38 12.24 9.95 32.14 14.06
ABCW Anchor BanCorp Wisconsin 1.03 14.35 19.50 16.91 14.77 16.96
AFBC Advance Financial Bancorp 2.29 37.65 18.92 12.64 21.88 16.47
AFED AFSALA Bancorp Inc. 2.02 30.77 16.32 10.94 38.54 17.79
AHCI Ambanc Holding Co. 1.85 41.51 22.81 9.44 108.33 24.53
ALBC Albion Banc Corp. 1.55 32.67 16.15 7.87 16.15 15.20
ALBK ALBANK Financial Corp. 1.77 23.15 14.67 15.16 16.01 14.62
ALLB Alliance Bank (MHC) - 58.06 22.38 16.37 21.68 22.38
AMFC AMB Financial Corp. 1.87 28.42 24.59 12.34 34.09 15.79
ANA Acadiana Bancshares Inc. 2.48 34.43 15.57 14.91 16.44 14.55
ANDB Andover Bancorp Inc. 2.54 26.38 12.39 13.21 9.09 12.07
ANE Alliance Bncp of New England 2.08 14.80 21.88 9.51 10.03 10.69
ASBI Ameriana Bancorp 3.53 55.17 18.13 15.71 16.18 15.63
ASBP ASB Financial Corp. 3.56 358.21 16.79 15.99 14.80 16.79
ASFC Astoria Financial Corp. 2.25 21.34 11.91 8.14 10.44 10.82
ATSB AmTrust Capital Corp. 1.29 35.09 62 11.45 29.81 27.19
AVND Avondale Financial Corp. - 0.00 NM 5.99 4.63 NM
BANC BankAtlantic Bancorp Inc. 1.54 NM 21.67 6.35 10.83 9.70
BCSB BCSB Bankcorp Inc. (MHC) - NA NA NA NA NA
BDJI First Federal Bancorp. - 0.00 14.03 11.32 12.28 14.18
BFD BostonFed Bancorp Inc. 2.41 24.03 15.99 8.47 12.59 12.89
BFFC Big Foot Financial Corp. - 0.00 40.45 16.59 30.34 29.72
BFSB Bedford Bancshares Inc. 2.88 38.16 14.64 16.36 12.64 14.64
BKC American Bank of Connecticut 4.27 45.25 12.42 12.82 9.97 10.47
BKCT Bancorp Connecticut Inc. 3.27 44.78 16.67 17.04 13.31 14.35
BKUNA BankUnited Financial Corp. - 0.00 32.37 4.50 32.37 19.28
BNKU Bank United Corp. 1.98 18.13 10.02 7.78 10.9 9.43
BPLS Bank Plus Corp. - 0.00 7.95 1.98 NM 11.82
BRBI Blue River Bancshares Inc. - NA NA NA NM NA
BRKL Brookline Bancorp (MHC) 1.80 NA NA 38.64 15.41 NA
BTHL Bethel Bancorp 2.56 20.83 16.89 6.89 16.45 13.02
BVCC Bay View Capital Corp. 2.60 46.91 10.68 5.45 15.38 18.98
BWFC Bank West Financial Corp. - 66.67 26.47 13.01 75.00 27.27
BYFC Broadway Financial Corp. 2.29 30.36 39.77 5.93 24.31 14.34
BYS Bay State Bancorp - NA NA 19.39 25.00 NA
CAFI Camco Financial Corp. 2.56 28.87 17.39 14.91 12.90 12.60
CASB Cascade Financial Corp. - 0.00 17.91 11.53 14.29 16.00
CASH First Midwest Financial Inc. 2.67 43.27 19.35 11.17 13.64 17.31
CATB Catskill Financial Corp. 2.85 34.07 14.44 18.84 13.54 14.29
CAVB Cavalry Bancorp Inc. 1.08 NA NA 41.04 21.02 NA
CBCI Calumet Bancorp Inc. - 0.00 10.68 19.18 18.29 10.75
CBES CBES Bancorp Inc. 2.70 37.84 22.19 13.48 13.45 15.99
CBK Citizens First Financial Corp. - 0.00 37.21 14.38 23.53 20.78
CBSA Coastal Bancorp Inc. 2.07 16.16 7.64 3.93 7.60 7.83
CEBK Central Co-operative Bank 1.73 20.13 15.42 9.52 13.60 11.64
CENB Century Bancorp Inc. 5.04 NM 12.86 17.71 12.98 12.74
CFB Commercial Federal Corp. 1.07 13.07 10.31 9.80 11.99 12.73
CFCP Coastal Financial Corp. 1.65 26.46 20.48 17.24 15.74 16.50
CFFC Community Financial Corp. - 40.58 18.94 17.53 16.45 18.12
CFKY Columbia Financial of Kentucky 2.15 NA NA 29.19 NA NA
CFNC Carolina Fincorp Inc. 2.74 NM 12.87 14.64 10.94 14.34
CFSB CFSB Bancorp Inc. 2.43 34.35 17.67 20.59 14.44 15.95
CFTP Community Federal Bancorp 2.25 47.01 24.57 23.81 16.96 21.27
CIBI Community Investors Bancorp 2.00 31.35 17.65 14.82 18.75 17.65
CITZ CFS Bancorp Inc. 3.30 NA NA NA NA NA
CKFB CKF Bancorp Inc. 3.27 50.00 16.5 22.17 18.75 16.50
CLAS Classic Bancshares Inc. 2.21 35.44 23.77 13.66 22.66 18.35
CMRN Cameron Financial Corp 1.68 27.72 16.63 18.33 14.84 16.46
CMSB Commonwealth Bancorp Inc. 2.29 34.88 23.33 9.15 35.00 16.28
CMSV Community Savings Bnkshrs(MHC) 4.74 89.11 20.43 12.66 19.00 18.81
CNIT CENIT Bancorp Inc. 2.24 28.20 14.90 13.7 14.42 13.75
Current Pricing Data as of 10/05/98 Productivity
----------------------------------- -----------------
Price/ Price/Tang Full Time
Publicly Rep Publicly Rep Equivalent
Book Value Book Value Employees
Ticker Short Name (%) (%) Most Recent Qtr
- --------------------------------------- ------------------------------------------------------
%CCMD Chevy Chase Bank FSB NA NA 4545
AABC Access Anytime Bancorp Inc. 106.77 106.77 NA
ABBK Abington Bancorp Inc. 149.75 164.25 185
ABCL Alliance Bancorp 113.92 114.87 580
ABCW Anchor BanCorp Wisconsin 265.31 269.34 526
AFBC Advance Financial Bancorp 96.69 96.69 50
AFED AFSALA Bancorp Inc. 85.49 85.49 50
AHCI Ambanc Holding Co. 91.42 91.42 183
ALBC Albion Banc Corp. 92.59 92.59 27
ALBK ALBANK Financial Corp. 165.07 208.52 1470
ALLB Alliance Bank (MHC) 153.15 153.15 75
AMFC AMB Financial Corp. 97.28 97.28 NA
ANA Acadiana Bancshares Inc. 101.31 101.31 80
ANDB Andover Bancorp Inc. 161.13 161.13 282
ANE Alliance Bncp of New England 121.84 124.51 88
ASBI Ameriana Bancorp 129.19 131.53 160
ASBP ASB Financial Corp. 128.42 128.42 23
ASFC Astoria Financial Corp. 105.53 147.3 1467
ATSB AmTrust Capital Corp. 105.73 106.82 NA
AVND Avondale Financial Corp. 71.70 71.70 NA
BANC BankAtlantic Bancorp Inc. 93.39 120.82 1153
BCSB BCSB Bankcorp Inc. (MHC) NA NA NA
BDJI First Federal Bancorp. 108.27 108.27 40
BFD BostonFed Bancorp Inc. 102.75 106.43 275
BFFC Big Foot Financial Corp. 96.06 96.06 55
BFSB Bedford Bancshares Inc. 123.34 123.34 40
BKC American Bank of Connecticut 148.22 152.81 131
BKCT Bancorp Connecticut Inc. 172.23 172.23 119
BKUNA BankUnited Financial Corp. 88.08 105.38 344
BNKU Bank United Corp. 152.19 167.53 1814
BPLS Bank Plus Corp. 45.81 49.94 694
BRBI Blue River Bancshares Inc. NA NA NA
BRKL Brookline Bancorp (MHC) 117.15 117.15 98
BTHL Bethel Bancorp 91.17 108.60 NA
BVCC Bay View Capital Corp. 79.13 122.02 962
BWFC Bank West Financial Corp. 101.47 101.47 66
BYFC Broadway Financial Corp. 62.41 62.41 NA
BYS Bay State Bancorp 80.76 80.76 84
CAFI Camco Financial Corp. 150.80 160.32 228
CASB Cascade Financial Corp. 162.82 162.82 144
CASH First Midwest Financial Inc. 109.76 122.87 108
CATB Catskill Financial Corp. 82.70 82.70 74
CAVB Cavalry Bancorp Inc. 138.37 138.37 163
CBCI Calumet Bancorp Inc. 108.15 108.15 135
CBES CBES Bancorp Inc. 98.94 98.94 61
CBK Citizens First Financial Corp. 103.03 103.03 98
CBSA Coastal Bancorp Inc. 103.33 118.59 444
CEBK Central Co-operative Bank 97.68 107.25 NA
CENB Century Bancorp Inc. 91.59 91.59 11
CFB Commercial Federal Corp. 134.89 152.21 2371
CFCP Coastal Financial Corp. 292.1 292.10 187
CFFC Community Financial Corp. 124.38 124.88 NA
CFKY Columbia Financial of Kentucky 92.72 92.72 38
CFNC Carolina Fincorp Inc. 108.29 108.29 44
CFSB CFSB Bancorp Inc. 264.54 264.54 240
CFTP Community Federal Bancorp 95.96 95.96 35
CIBI Community Investors Bancorp 146.88 146.88 28
CITZ CFS Bancorp Inc. NA NA NA
CKFB CKF Bancorp Inc. 95.43 95.43 9
CLAS Classic Bancshares Inc. 91.83 106.77 NA
CMRN Cameron Financial Corp 92.26 92.26 60
CMSB Commonwealth Bancorp Inc. 108.44 137.66 776
CMSV Community Savings Bnkshrs(MHC) 114.05 114.05 287
CNIT CENIT Bancorp Inc. 164.9 178.04 NA
59
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
Dividends Current Pricing Data as of 10/05/98
----------------------- -----------------------------------------
Current LTM Dividend Price/
Dividend Payout LTM Price/ Price/ Price/
Yield Ratio Core EPS Assets Earnings LTM EPS
Ticker Short Name ($) (%) (X) (%) (X) (X)
- ------------------------------------------ ----------------------- -----------------------------------------
CNSB CNS Bancorp Inc. 2.22 45.28 30.00 22.66 28.13 25.47
CNY Carver Bancorp Inc. - 0.00 22.02 5.01 16.52 19.27
COFI Charter One Financial 2.51 38.47 12.35 14.37 10.63 16.87
CONE Conestoga Bancorp, Inc. NA 28.17 NA NA NA NA
COOP Cooperative Bankshares Inc. - 0.00 19.49 10.53 15.77 17.91
CRSB Crusader Holding Corp. - 0.00 10.34 22.76 8.82 9.45
CRZY Crazy Woman Creek Bancorp 3.20 48.19 15.06 19.09 16.45 15.06
CSBF CSB Financial Group Inc. - 0.00 27.86 16.95 20.31 26.35
CVAL Chester Valley Bancorp Inc. 1.61 31.20 18.57 16.85 24.07 17.57
DCBI Delphos Citizens Bancorp Inc. 1.50 13.33 17.78 26.04 17.39 17.78
DCOM Dime Community Bancshares Inc. 2.08 21.10 18.51 14.43 14.15 17.66
DME Dime Bancorp Inc. - 10.97 23.37 12.18 11.22 14.48
DNFC D & N Financial Corp. 1.10 11.72 13.43 8.74 10.79 11.12
DSL Downey Financial Corp. 1.50 15.28 12.57 10.30 10.08 10.58
EBI Equality Bancorp Inc. 1.86 NA NA 11.86 21.46 NA
EBSI Eagle Bancshares 3.56 41.50 12.59 9.33 9.00 12.24
EFBC Empire Federal Bancorp Inc. 2.46 45.52 19.40 30.16 19.12 19.40
EFBI Enterprise Federal Bancorp 2.63 86.21 38.38 20.65 30.65 32.76
EFC EFC Bancorp Inc. - NA NA 19.07 NA NA
EGLB Eagle BancGroup Inc. - 0.00 76.32 9.80 20.14 26.36
EMLD Emerald Financial Corp. 1.37 20.31 17.27 16.95 14.98 15.92
EQSB Equitable Federal Savings Bank - 0.00 14.31 8.29 14.48 13.65
ESBF ESB Financial Corp. 2.24 32.25 15.60 9.52 14.87 15.45
ESBK Elmira Savings Bank (The) 2.78 41.65 18.70 7.21 13.37 15.33
ESX Essex Bancorp Inc. - 0.00 NM 1.05 NM NM
ETFS East Texas Financial Services - 34.86 35.81 16.64 41.41 30.81
FAB FIRSTFED AMERICA BANCORP INC. 1.54 5.81 18.57 8.17 14.77 15.12
FBBC First Bell Bancorp Inc. 2.67 31.25 11.81 12.93 11.36 11.72
FBCI Fidelity Bancorp Inc. - NA NA 10.73 14.84 NA
FBCV 1ST Bancorp 0.64 15.24 34.43 17.63 25.61 24.28
FBER 1st Bergen Bancorp 1.47 23.81 22.62 16.33 20.65 22.62
FBHC Fort Bend Holding Corp. - 37.23 30.95 11.13 20.31 20.74
FBNW FirstBank Corp. 2.00 NA NA 16.32 16.00 NA
FBSI First Bancshares Inc. 0.95 12.94 15.03 16.23 16.61 14.85
FCB Falmouth Bancorp Inc. 1.52 27.16 26.25 20.73 19.69 19.44
FCBF FCB Financial Corp. 3.67 45.56 15.09 17.96 13.33 13.33
FCBH Virginia Beach Fed. Financial 1.34 25.00 27.60 14.29 22.42 21.35
FCBK First Coastal Bankshares NA NA NA NA NA NA
FCME First Coastal Corp. - 0.00 12.34 7.82 11.76 11.22
FDEF First Defiance Financial 3.03 53.03 18.85 16.64 14.84 17.99
FDTR Federal Trust Corp. - NA NA 8.94 34.38 NA
FED FirstFed Financial Corp. - 0.00 11.92 8.13 9.61 11.22
FESX First Essex Bancorp Inc. 3.75 40.60 12.99 8.59 10.67 11.23
FFBH First Federal Bancshares of AR 1.55 21.67 15.36 15.27 14.62 15.10
FFBI First Financial Bancorp Inc. - 0.00 41.39 12.69 52.60 84.17
FFBS FFBS BanCorp Inc. 2.25 208.33 18.54 25.92 18.54 18.54
FFBZ First Federal Bancorp Inc. 1.60 27.00 21.28 15.19 17.86 20.00
FFCH First Financial Holdings Inc. 2.50 35.22 15.28 12.23 14.01 14.62
FFDB FirstFed Bancorp Inc. 2.55 37.88 16.67 14.88 18.33 16.67
FFDF FFD Financial Corp. 1.88 676.06 32.00 25.42 12.90 22.54
FFED Fidelity Federal Bancorp - NM NM 8.33 10.10 NM
FFES First Federal of East Hartford 2.79 30.62 10.79 6.82 10.88 11.66
FFFD North Central Bancshares Inc. 1.93 21.43 13.09 15.70 11.88 12.50
FFFL Fidelity Bankshares Inc. (MHC) 4.40 78.26 24.46 10.54 19.61 19.78
FFHH FSF Financial Corp. 3.31 45.45 14.40 10.71 14.00 13.75
FFHS First Franklin Corp. 1.92 26.45 17.36 11.72 15.63 15.02
FFIC Flushing Financial Corp. 1.64 21.45 16.25 15.69 14.63 16.81
FFKY First Federal Financial Corp. 2.40 36.84 17.12 25.20 16.03 16.45
FFLC FFLC Bancorp Inc. 2.09 31.15 17.42 15.65 14.87 16.59
FFOH Fidelity Financial of Ohio 2.37 147.73 15.88 14.21 16.07 15.34
FFPB First Palm Beach Bancorp Inc. 2.25 43.27 37.50 9.06 33.83 19.95
FFSL First Independence Corp. 2.96 32.35 11.91 7.86 9.38 11.91
FFSX First Fed SB of Siouxland(MHC) - 40.34 20.26 12.10 17.28 19.75
FFWC FFW Corp. 2.85 28.41 12.83 10.58 11.52 11.17
Current Pricing Data as of 10/05/98 Productivity
----------------------------------- -----------------
Price/ Price/Tang Full Time
Publicly Rep Publicly Rep Equivalent
Book Value Book Value Employees
Ticker Short Name (%) (%) Most Recent Qtr
- --------------------------------------- ------------------------------------------------------
CNSB CNS Bancorp Inc. 91.46 91.46 29
CNY Carver Bancorp Inc. 59.64 61.71 NA
COFI Charter One Financial 192.48 204.52 4272
CONE Conestoga Bancorp, Inc. NA NA 105
COOP Cooperative Bankshares Inc. 132.50 132.50 117
CRSB Crusader Holding Corp. 198.02 209.06 70
CRZY Crazy Woman Creek Bancorp 81.43 81.43 10
CSBF CSB Financial Group Inc. 73.09 77.44 NA
CVAL Chester Valley Bancorp Inc. 199.54 199.54 116
DCBI Delphos Citizens Bancorp Inc. 107.82 107.82 NA
DCOM Dime Community Bancshares Inc. 125.82 144.41 252
DME Dime Bancorp Inc. 191.45 232.76 6718
DNFC D & N Financial Corp. 156.93 158.16 508
DSL Downey Financial Corp. 130.89 132.27 1243
EBI Equality Bancorp Inc. 123.80 123.80 94
EBSI Eagle Bancshares 134.73 134.73 573
EFBC Empire Federal Bancorp Inc. 83.23 83.23 39
EFBI Enterprise Federal Bancorp 229.33 234.28 NA
EFC EFC Bancorp Inc. 80.61 80.61 NA
EGLB Eagle BancGroup Inc. 81.37 81.37 51
EMLD Emerald Financial Corp. 199.37 201.74 119
EQSB Equitable Federal Savings Bank 161.90 161.90 NA
ESBF ESB Financial Corp. 135.67 151.97 NA
ESBK Elmira Savings Bank (The) 113.02 113.02 114
ESX Essex Bancorp Inc. NM 30.53 106
ETFS East Texas Financial Services 96.29 96.29 28
FAB FIRSTFED AMERICA BANCORP INC. 82.49 82.49 289
FBBC First Bell Bancorp Inc. 127.33 127.33 57
FBCI Fidelity Bancorp Inc. 101.23 101.39 110
FBCV 1ST Bancorp 192.22 195.99 105
FBER 1st Bergen Bancorp 140.85 140.85 58
FBHC Fort Bend Holding Corp. 155.75 164.70 148
FBNW FirstBank Corp. 96.79 96.79 98
FBSI First Bancshares Inc. 114.67 119.55 75
FCB Falmouth Bancorp Inc. 96.98 96.98 29
FCBF FCB Financial Corp. 122.82 122.82 158
FCBH Virginia Beach Fed. Financial 200.20 200.20 216
FCBK First Coastal Bankshares NA NA 276
FCME First Coastal Corp. 87.39 87.39 76
FDEF First Defiance Financial 93.80 93.80 162
FDTR Federal Trust Corp. 105.77 105.77 30
FED FirstFed Financial Corp. 135.70 136.55 456
FESX First Essex Bancorp Inc. 120.37 165.79 269
FFBH First Federal Bancshares of AR 103.81 103.81 157
FFBI First Financial Bancorp Inc. 137.45 137.45 36
FFBS FFBS BanCorp Inc. 147.64 147.64 32
FFBZ First Federal Bancorp Inc. 191.20 191.20 74
FFCH First Financial Holdings Inc. 188.49 188.49 598
FFDB FirstFed Bancorp Inc. 150.48 162.96 NA
FFDF FFD Financial Corp. 146.12 146.12 26
FFED Fidelity Federal Bancorp 218.75 218.75 NA
FFES First Federal of East Hartford 94.73 94.73 188
FFFD North Central Bancshares Inc. 105.69 121.97 105
FFFL Fidelity Bankshares Inc. (MHC) 171.31 176.36 351
FFHH FSF Financial Corp. 92.39 92.39 94
FFHS First Franklin Corp. 128.50 129.03 52
FFIC Flushing Financial Corp. 122.59 127.28 205
FFKY First Federal Financial Corp. 188.82 198.89 110
FFLC FFLC Bancorp Inc. 122.25 122.25 134
FFOH Fidelity Financial of Ohio 114.50 128.69 102
FFPB First Palm Beach Bancorp Inc. 132.33 135.09 468
FFSL First Independence Corp. 82.05 82.05 27
FFSX First Fed SB of Siouxland(MHC) 158.78 196.98 212
FFWC FFW Corp. 112.42 122.20 54
60
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
Dividends Current Pricing Data as of 10/05/98
----------------------- -----------------------------------------
Current LTM Dividend Price/
Dividend Payout LTM Price/ Price/ Price/
Yield Ratio Core EPS Assets Earnings LTM EPS
Ticker Short Name ($) (%) (X) (%) (X) (X)
- ------------------------------------------ ----------------------- -----------------------------------------
FFWD Wood Bancorp Inc. 2.34 38.37 21.96 24.69 17.47 17.88
FFYF FFY Financial Corp. 2.99 39.14 13.79 16.46 13.38 13.51
FGHC First Georgia Holding Inc. - 17.55 24.34 24.55 23.13 24.34
FIBC Financial Bancorp Inc. - 26.16 19.13 15.89 17.26 18.46
FISB First Indiana Corp. 2.37 30.99 20.25 14.78 14.46 14.26
FKAN First Kansas Financial Corp. - NA NA 14.48 NA NA
FKFS First Keystone Financial 1.50 12.40 12.50 8.26 10.79 11.05
FKKY Frankfort First Bancorp Inc. 5.61 81.25 14.84 17.16 14.84 14.84
FLAG FLAG Financial Corp. 1.71 33.84 28.00 16.36 19.44 20.59
FLFC First Liberty Financial Corp. 1.63 39.49 22.76 16.31 24.26 25.26
FLGS Flagstar Bancorp Inc. 1.30 8.84 10.00 11.42 7.36 10.00
FLKY First Lancaster Bancshares 4.75 87.72 22.15 22.52 21.04 22.15
FMBD First Mutual Bancorp Inc. 1.94 76.19 50.00 15.35 25.78 39.29
FMCO FMS Financial Corp. 1.33 14.07 12.68 9.62 12.50 12.68
FMSB First Mutual Savings Bank 1.43 47.19 14.14 12.62 12.07 12.39
FNGB First Northern Capital Corp. 3.43 47.22 15.67 13.47 13.82 14.58
FPRY First Financial Bancorp NA 39.66 NA NA NA NA
FSBI Fidelity Bancorp Inc. - 21.55 14.39 9.97 13.89 14.08
FSFF First SecurityFed Financial - NA NA 24.44 14.35 NA
FSLA First Source Bancorp Inc. 2.32 NA NA 20.15 NA NA
FSNJ Bayonne Bancshares Inc. 1.89 NA NA 17.21 27.60 NA
FSPT FirstSpartan Financial Corp. 2.14 NA NA 23.01 14.89 NA
FSSB First FS&LA of San Bernardino - 0.00 NM 3.05 NM NM
FSTC First Citizens Corp. 1.39 17.60 17.22 19.14 14.77 14.61
FTF Texarkana First Financial Corp 2.93 30.43 12.50 20.05 11.16 11.89
FTFC First Federal Capital Corp. 2.02 26.04 24.34 16.22 14.45 14.45
FTNB Fulton Bancorp Inc. 1.77 31.43 31.48 26.54 30.36 24.29
FTSB Fort Thomas Financial Corp. 2.00 37.04 15.43 18.18 15.63 15.43
FWWB First Washington Bancorp Inc. 1.60 22.90 19.40 19.32 17.58 17.72
GAF GA Financial Inc. - 43.48 12.73 11.74 13.10 11.85
GBNK Gaston Federal Bancorp (MHC) 1.95 NA NA 22.75 NA NA
GDW Golden West Financial 0.64 6.98 11.43 11.46 9.67 11.19
GFCO Glenway Financial Corp. 2.32 35.34 16.38 14.30 14.39 16.38
GFED Guaranty Federal Bcshs Inc. 2.98 NA NA 25.75 17.92 NA
GLMR Gilmer Financial Svcs, Inc. - 0.00 20.77 6.41 NM 117.71
GOSB GSB Financial Corp. 1.01 NA NA 20.68 37.11 NA
GPT GreenPoint Financial Corp. 2.33 29.08 13.75 17.84 12.73 14.03
GSB Golden State Bancorp Inc. - 330.06 7.58 4.59 7.35 8.43
GSFC Green Street Financial Corp. 3.92 88.24 18.01 28.87 18.01 18.01
GSLA GS Financial Corp. 2.07 57.14 31.40 30.38 56.25 27.55
GTPS Great American Bancorp 2.46 67.21 29.30 19.14 24.83 29.30
GUPB GFSB Bancorp Inc. 2.14 36.20 18.42 13.24 17.50 18.42
HALL Hallmark Capital Corp. - 0 13.06 7.86 11.75 12.11
HARB Harbor Florida Bancshares Inc. 2.70 NA NA 22.44 13.37 NA
HARL Harleysville Savings Bank - 21.29 14.54 12.45 14.12 14.54
HARS Harris Financial Inc. (MHC) 1.69 39.50 37.14 18.99 25.00 24.07
HAVN Haven Bancorp Inc. 2.39 30.61 12.20 4.91 24.16 12.82
HBBI Home Building Bancorp 1.25 26.32 22.02 17.63 25.00 21.05
HBEI Home Bancorp of Elgin Inc. 3.05 102.56 33.65 24.47 29.83 33.65
HBFW Home Bancorp 1.20 21.88 21.40 17.46 20.27 20.90
HBNK Highland Bancorp Inc. 1.32 8.25 14.19 15.39 11.99 12.50
HBS Haywood Bancshares Inc. 3.38 52.21 10.03 14.63 NM 15.71
HBSC Heritage Bancorp Inc. 1.88 NA NA 24.62 NA NA
HCBB HCB Bancshares Inc. 2.26 NA NA 12.68 33.20 NA
HCBC High Country Bancorp Inc. - NA NA 15.78 20.00 NA
HCFC Home City Financial Corp. - 377.45 12.75 15.07 12.50 12.75
HEMT HF Bancorp Inc. - 0.00 139.77 9.36 NM NM
HFBC HopFed Bancorp Inc. 1.91 NA NA 29.16 18.75 NA
HFFB Harrodsburg First Fin Bancorp 2.60 74.07 18.98 27.22 18.30 18.98
HFFC HF Financial Corp. - 19.72 11.59 10.99 9.38 10.04
HFGI Harrington Financial Group 1.33 NM NM 6.09 NM NM
HFSA Hardin Bancorp Inc. 3.64 49.51 18.13 10.10 17.93 16.02
HFWA Heritage Financial Corp. 1.76 NA NA 23.80 21.35 NA
HHFC Harvest Home Financial Corp. 3.42 71.67 22.59 11.78 18.93 21.46
Current Pricing Data as of 10/05/98 Productivity
----------------------------------- -----------------
Price/ Price/Tang Full Time
Publicly Rep Publicly Rep Equivalent
Book Value Book Value Employees
Ticker Short Name (%) (%) Most Recent Qtr
- --------------------------------------- ------------------------------------------------------
FFWD Wood Bancorp Inc. 181.95 181.95 48
FFYF FFY Financial Corp. 127.38 127.38 173
FGHC First Georgia Holding Inc. 301.30 322.30 92
FIBC Financial Bancorp Inc. 188.65 189.44 63
FISB First Indiana Corp. 161.48 163.17 700
FKAN First Kansas Financial Corp. 73.37 74.30 NA
FKFS First Keystone Financial 127.02 127.02 76
FKKY Frankfort First Bancorp Inc. 101.64 101.64 24
FLAG FLAG Financial Corp. 187.67 187.67 NA
FLFC First Liberty Financial Corp. 210.00 229.33 NA
FLGS Flagstar Bancorp Inc. 205.94 211.61 1461
FLKY First Lancaster Bancshares 85.71 85.71 11
FMBD First Mutual Bancorp Inc. 104.96 134.80 163
FMCO FMS Financial Corp. 158.17 159.29 333
FMSB First Mutual Savings Bank 174.56 174.56 134
FNGB First Northern Capital Corp. 123.67 123.67 220
FPRY First Financial Bancorp NA NA NA
FSBI Fidelity Bancorp Inc. 140.55 140.55 109
FSFF First SecurityFed Financial 89.86 90.11 NA
FSLA First Source Bancorp Inc. 94.86 97.98 221
FSNJ Bayonne Bancshares Inc. 125.71 125.71 96
FSPT FirstSpartan Financial Corp. 94.69 94.69 142
FSSB First FS&LA of San Bernardino 70.36 73.03 51
FSTC First Citizens Corp. 191.74 233.60 NA
FTF Texarkana First Financial Corp 134.78 134.78 38
FTFC First Federal Capital Corp. 216.12 227.09 750
FTNB Fulton Bancorp Inc. 114.63 114.63 44
FTSB Fort Thomas Financial Corp. 113.12 113.12 21
FWWB First Washington Bancorp Inc. 137.61 166.54 NA
GAF GA Financial Inc. 91.20 92.06 200
GBNK Gaston Federal Bancorp (MHC) 112.14 112.14 57
GDW Golden West Financial 153.17 153.17 4593
GFCO Glenway Financial Corp. 148.44 149.61 71
GFED Guaranty Federal Bcshs Inc. 89.51 89.51 77
GLMR Gilmer Financial Svcs, Inc. 71.05 71.05 12
GOSB GSB Financial Corp. 83.04 83.04 36
GPT GreenPoint Financial Corp. 155.81 275.55 1837
GSB Golden State Bancorp Inc. 74.11 88.29 2961
GSFC Green Street Financial Corp. 82.71 82.71 32
GSLA GS Financial Corp. 84.32 84.32 32
GTPS Great American Bancorp 104.72 104.72 NA
GUPB GFSB Bancorp Inc. 114.85 114.85 28
HALL Hallmark Capital Corp. 97.59 97.59 86
HARB Harbor Florida Bancshares Inc. 114.45 115.69 358
HARL Harleysville Savings Bank 194.02 194.02 55
HARS Harris Financial Inc. (MHC) 233.81 258.45 558
HAVN Haven Bancorp Inc. 94.25 98.61 995
HBBI Home Building Bancorp 116.45 116.45 13
HBEI Home Bancorp of Elgin Inc. 93.75 93.75 123
HBFW Home Bancorp 146.41 146.41 84
HBNK Highland Bancorp Inc. 195.64 195.64 103
HBS Haywood Bancshares Inc. 100.40 103.68 NA
HBSC Heritage Bancorp Inc. 78.20 78.20 NA
HCBB HCB Bancshares Inc. 73.53 74.40 71
HCBC High Country Bancorp Inc. 86.83 86.83 42
HCFC Home City Financial Corp. 108.60 108.60 18
HEMT HF Bancorp Inc. 116.92 136.67 268
HFBC HopFed Bancorp Inc. 108.92 108.92 28
HFFB Harrodsburg First Fin Bancorp 95.02 95.02 15
HFFC HF Financial Corp. 110.64 110.64 268
HFGI Harrington Financial Group 130.06 130.06 84
HFSA Hardin Bancorp Inc. 100.00 100.00 28
HFWA Heritage Financial Corp. 105.45 116.08 192
HHFC Harvest Home Financial Corp. 110.04 110.04 NA
61
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
Dividends Current Pricing Data as of 10/05/98
----------------------- -----------------------------------------
Current LTM Dividend Price/
Dividend Payout LTM Price/ Price/ Price/
Yield Ratio Core EPS Assets Earnings LTM EPS
Ticker Short Name ($) (%) (X) (%) (X) (X)
- ------------------------------------------ ----------------------- -----------------------------------------
HIFS Hingham Instit. for Savings 1.62 30.48 11.9 13.49 11.25 11.79
HLFC Home Loan Financial Corp. 0.39 NA NA 34.99 21.25 NA
HMLK Hemlock Federal Financial Corp 2.29 29.89 16.28 14.31 15.91 16.09
HMNF HMN Financial Inc. 1.68 4.55 22.62 10.67 25.45 16.19
HOMF Home Federal Bancorp - 19.52 14.93 15.89 12.36 11.71
HPBC Home Port Bancorp Inc. 4.00 46.78 10.53 14.14 9.43 11.70
HRBF Harbor Federal Bancorp Inc. 2.63 46.39 20.79 15.61 18.29 20.15
HRBT Hudson River Bancorp - NA NA NA NA NA
HRZB Horizon Financial Corp. 3.45 75.68 11.81 17.26 11.38 11.49
HSTD Homestead Bancorp Inc. 2.58 NA NA NA NA NA
HTHR Hawthorne Financial Corp. - 0.00 7.71 3.66 6.19 9.07
HWEN Home Financial Bancorp 1.29 21.28 21.53 16.92 16.15 16.49
HZFS Horizon Financial Svcs Corp. 1.17 25.36 18.75 15.04 NM 22.28
ICBC Independence Comm. Bank Corp. - NA NA 20.65 21.67 NA
IFSB Independence Federal Svgs Bank 1.71 9.73 22.16 7.05 2.49 5.69
INBI Industrial Bancorp Inc. 3.43 50.00 15.91 22.92 15.09 15.91
IPSW Ipswich Savings Bank 1.28 14.42 12.02 12.78 13.02 12.02
ITLA ITLA Capital Corp. - 0.00 7.01 9.09 6.56 7.01
IWBK InterWest Bancorp Inc. 2.53 34.76 17.99 14.74 27.66 15.80
JSB JSB Financial Inc. 3.20 33.04 13.07 31.41 8.38 11.00
JSBA Jefferson Savings Bancorp Inc. 1.93 28.89 18.59 11.64 20.14 16.11
JXSB Jacksonville Savings Bk (MHC) 2.07 56.10 43.94 16.30 27.88 27.88
JXVL Jacksonville Bancorp Inc. 3.15 39.68 12.6 15.84 12.8 12.6
KFBI Klamath First Bancorp 2.18 36.02 17.93 16.22 15.87 17.74
KNK Kankakee Bancorp Inc. - 24.74 14.25 9.10 16.16 13.66
KSAV KS Bancorp Inc. NA 63.46 NA NA NA NA
KSBK KSB Bancorp Inc. - 3.55 10.24 11.27 10.39 10.02
KYF Kentucky First Bancorp Inc. 3.88 66.67 17.4 19.48 20.12 17.17
LARK Landmark Bancshares Inc. - 39.01 17.54 14.10 14.91 14.80
LARL Laurel Capital Group Inc. 3.33 32.83 13.33 17.85 13.64 13.64
LFBI Little Falls Bancorp Inc. 1.71 25.00 17.50 9.87 15.91 17.50
LFCO Life Financial Corp. - 0.00 1.79 5.20 5.51 1.87
LFED Leeds Federal Bankshares (MHC) 3.73 85.42 23.44 25.74 25.00 23.44
LIBB Liberty Bancorp Inc. (MHC) - NA NA NA NA NA
LO Local Financial Corp. - NA NA 9.30 9.80 NA
LOGN Logansport Financial Corp. 2.98 41.00 14.46 20.61 14.75 14.75
LONF London Financial Corp. 1.57 609.30 19.06 20.52 15.25 17.73
LSBI LSB Financial Corp. 1.40 18.65 17.48 12.43 14.25 15.08
LSBX Lawrence Savings Bank - 0.00 5.25 13.17 6.40 5.17
LVSB Lakeview Financial Corp. 1.14 8.23 22.22 18.08 9.02 9.65
LXMO Lexington B&L Financial Corp. 2.31 48.39 20.97 13.76 21.67 20.97
MAFB MAF Bancorp Inc. 1.25 13.21 14.72 14.15 13.32 14.07
MARN Marion Capital Holdings 3.77 69.29 18.41 20.54 16.23 18.41
MASB MASSBANK Corp. - 33.56 14.68 14.30 12.67 12.67
MBBC Monterey Bay Bancorp Inc. 0.94 32.50 39.84 11.47 NM 39.84
MBLF MBLA Financial Corp. 3.29 34.72 12.85 11.20 14.72 12.67
MBSP Mitchell Bancorp Inc. - 80.00 31 38.67 55.36 31.00
MCBN Mid-Coast Bancorp Inc. 2.35 30.61 16.04 9.28 21.25 13.93
MDBK Medford Bancorp Inc. 2.46 37.30 13.66 12.75 11.95 12.90
MECH MECH Financial Inc. - 9.26 14.60 13.03 12.50 14.51
METF Metropolitan Financial Corp. - 0.00 12.66 6.74 14.06 10.89
MFBC MFB Corp. 1.74 25.58 15.48 10.66 16.25 15.12
MFFC Milton Federal Financial Corp. 4.78 84.51 22.04 11.95 14.96 17.69
MFLR Mayflower Co-operative Bank 4.57 45.40 13.16 11.01 12.15 10.74
MIFC Mid-Iowa Financial Corp. 0.58 10.39 18.09 17.66 18.09 17.86
MIVI Mississippi View Holding Co. 1.60 16.84 21.28 21.57 20.83 21.05
MONT Montgomery Financial Corp. 1.93 NA NA 16.05 14.97 NA
MRKF Market Financial Corp. 2.41 741.18 22.79 28.94 24.22 22.79
MSBF MSB Financial Inc. 2.14 28.04 17.28 23.43 13.46 14.89
MSBK Mutual Savings Bank FSB - 0.00 NM 5.15 13.17 NM
MWBI Midwest Bancshares Inc. 2.51 18.32 12.14 8.40 8.61 9.73
MWBX MetroWest Bank 3.30 31.48 11.23 13.12 10.83 11.23
MYST Mystic Financial Inc. 1.82 NA NA 14.98 15.28 NA
NASB NASB Financial Inc. 1.53 14.87 14.92 19.98 11.70 12.17
Current Pricing Data as of 10/05/98 Productivity
----------------------------------- ---------------
Price/ Price/Tang Full Time
Publicly Rep Publicly Rep Equivalent
Book Value Book Value Employees
Ticker Short Name (%) (%) Most Recent Qtr
- --------------------------------------- --------------------------------------- ---------------
HIFS Hingham Instit. for Savings 143.15 143.15 65
HLFC Home Loan Financial Corp. 90.81 90.81 21
HMLK Hemlock Federal Financial Corp 94.53 94.53 46
HMNF HMN Financial Inc. 109.28 119.05 156
HOMF Home Federal Bancorp 170.76 175.20 261
HPBC Home Port Bancorp Inc. 162.34 162.34 44
HRBF Harbor Federal Bancorp Inc. 123.90 123.90 NA
HRBT Hudson River Bancorp NA NA 288
HRZB Horizon Financial Corp. 111.84 111.84 132
HSTD Homestead Bancorp Inc. NA NA NA
HTHR Hawthorne Financial Corp. 92.07 92.07 245
HWEN Home Financial Bancorp 95.92 95.92 20
HZFS Horizon Financial Svcs Corp. 159.33 159.33 27
ICBC Independence Comm. Bank Corp. 102.93 109.06 875
IFSB Independence Federal Svgs Bank 88.53 96.92 NA
INBI Industrial Bancorp Inc. 143.56 143.56 84
IPSW Ipswich Savings Bank 228.94 228.94 69
ITLA ITLA Capital Corp. 87.10 87.35 174
IWBK InterWest Bancorp Inc. 206.39 212.95 819
JSB JSB Financial Inc. 129.21 129.21 350
JSBA Jefferson Savings Bancorp Inc. 111.28 137.44 NA
JXSB Jacksonville Savings Bk (MHC) 154.58 154.58 84
JXVL Jacksonville Bancorp Inc. 109.63 109.63 86
KFBI Klamath First Bancorp 103.00 112.47 240
KNK Kankakee Bancorp Inc. 93.21 109.10 145
KSAV KS Bancorp Inc. NA NA 33
KSBK KSB Bancorp Inc. 141.68 161.24 NA
KYF Kentucky First Bancorp Inc. 110.90 110.90 20
LARK Landmark Bancshares Inc. 107.94 107.94 49
LARL Laurel Capital Group Inc. 167.75 167.75 45
LFBI Little Falls Bancorp Inc. 93.90 101.23 42
LFCO Life Financial Corp. 41.16 41.16 280
LFED Leeds Federal Bankshares (MHC) 158.06 158.06 29
LIBB Liberty Bancorp Inc. (MHC) NA NA 44
LO Local Financial Corp. 172.16 186.29 527
LOGN Logansport Financial Corp. 109.58 109.58 14
LONF London Financial Corp. 149.07 149.07 10
LSBI LSB Financial Corp. 139.30 139.30 65
LSBX Lawrence Savings Bank 109.15 109.15 102
LVSB Lakeview Financial Corp. 189.66 282.78 NA
LXMO Lexington B&L Financial Corp. 85.70 91.87 9
MAFB MAF Bancorp Inc. 180.44 202.12 902
MARN Marion Capital Holdings 105.82 108.12 49
MASB MASSBANK Corp. 121.55 123.17 182
MBBC Monterey Bay Bancorp Inc. 99.69 108.88 111
MBLF MBLA Financial Corp. 81.73 81.73 13
MBSP Mitchell Bancorp Inc. 98.60 98.60 7
MCBN Mid-Coast Bancorp Inc. 115.65 115.65 28
MDBK Medford Bancorp Inc. 142.67 150.32 253
MECH MECH Financial Inc. 134.21 134.21 236
METF Metropolitan Financial Corp. 180.48 194.71 313
MFBC MFB Corp. 93.70 93.70 71
MFFC Milton Federal Financial Corp. 99.86 99.86 52
MFLR Mayflower Co-operative Bank 119.29 121.02 52
MIFC Mid-Iowa Financial Corp. 177.88 178.11 36
MIVI Mississippi View Holding Co. 118.69 118.69 21
MONT Montgomery Financial Corp. 93.70 93.70 32
MRKF Market Financial Corp. 98.68 98.68 8
MSBF MSB Financial Inc. 140.70 140.70 19
MSBK Mutual Savings Bank FSB 92.77 92.77 244
MWBI Midwest Bancshares Inc. 117.51 117.51 42
MWBX MetroWest Bank 178.85 178.85 182
MYST Mystic Financial Inc. 82.52 82.52 58
NASB NASB Financial Inc. 235.36 242.41 247
62
Exhibit 5
Selected Data on all Public Thrifts
Dividends Current Pricing Data as of 10/05/98
----------------------- -----------------------------------------
Current LTM Dividend Price/
Dividend Payout LTM Price/ Price/ Price/
Yield Ratio Core EPS Assets Earnings LTM EPS
Ticker Short Name ($) (%) (X) (%) (X) (X)
- ------------------------------------------ ----------------------- -----------------------------------------
NBCP Niagara Bancorp Inc. (MHC) 1.26 NA NA 21.01 NA NA
NBN Northeast Bancorp 2.32 24.72 11.55 7.40 8.45 10.61
NBSI North Bancshares Inc. 3.44 109.09 38.75 11.92 58.13 35.23
NEIB Northeast Indiana Bancorp 1.97 23.59 12.15 14.00 11.35 12.15
NEP Northeast PA Financial Corp. - NA NA 13.79 NA NA
NHTB New Hampshire Thrift Bncshrs 4.62 40.44 10.24 8.40 9.29 9.56
NMSB NewMil Bancorp Inc. - 40.54 20.69 12.52 14.29 16.22
NSLB NS&L Bancorp Inc. 3.39 74.63 22.69 16.15 16.03 22.01
NSSY NSS Bancorp Inc. 1.22 18.38 22.37 15.51 23.10 18.16
NTBK Net.B@nk Inc. - 0.00 NM 40.79 8.03 NM
NTMG Nutmeg Federal S&LA 1.54 34.09 50.00 12.48 18.06 23.64
NWEQ Northwest Equity Corp. - 39.19 13.59 16.04 12.02 12.67
NWSB Northwest Bancorp Inc. (MHC) 1.56 35.56 23.84 18.74 21.35 22.78
OCFC Ocean Financial Corp. 3.43 43.75 14.58 14.14 15.22 14.58
OCN Ocwen Financial Corp. - 0.00 47.12 10.62 NM 13.32
OFCP Ottawa Financial Corp. 1.86 27.98 18.86 13.36 14.93 16.93
OHSL OHSL Financial Corp. 3.57 53.53 17.72 14.10 15.91 16.47
OSFS Ohio State Financial Services - NA NA 26.32 NA NA
OTFC Oregon Trail Financial Corp. 1.67 NA NA 21.97 16.67 NA
PBCI Pamrapo Bancorp Inc. 4.39 63.86 15.94 18.39 17.23 15.36
PBCT People's Bank (MHC) 3.68 46.06 25.92 16.07 12.67 13.83
PBHC Pathfinder Bancorp Inc. (MHC) 1.55 37.92 32.19 18.40 26.82 25.25
PBKB People's Bancshares Inc. 3.29 28.66 25.76 6.57 9.44 10.37
PBOC PBOC Holdings Inc. - NA NA 7 NM NA
PCBC Perry County Financial Corp. 2.55 46.73 18.34 18.10 18.87 18.34
PDB Piedmont Bancorp Inc. 4.99 68.85 16.31 20.28 16.04 15.78
PEDE Great Pee Dee Bancorp 3.03 NA NA 38.23 21.21 NA
PEEK Peekskill Financial Corp. 2.48 54.55 21.64 20.96 21.32 21.97
PERM Permanent Bancorp Inc. 2.09 44.26 19.83 9.64 20.54 18.85
PFDC Peoples Bancorp 2.33 34.66 16.37 22.75 17.19 16.37
PFED Park Bancorp Inc. - 0.00 18.27 17.51 14.84 18.75
PFFB PFF Bancorp Inc. - 0.00 15.59 7.82 12.95 14.36
PFFC Peoples Financial Corp. 5.46 863.28 29.73 17.51 19.64 17.19
PFNC Progress Financial Corp. 1.17 13.61 17.89 11.38 15.55 15.74
PFSB PennFed Financial Services Inc 1.14 12.07 10.94 7.41 10.94 10.56
PFSL Pocahontas Bancorp Inc. 2.82 NA NA 14.04 NA NA
PHBK Peoples Heritage Finl Group 2.69 38.89 12.60 14.68 45.49 15.16
PHFC Pittsburgh Home Financial Corp 1.83 236.21 12.62 6.94 12.15 11.31
PHSB Peoples Home Savings Bk (MHC) 1.97 NA NA 17.35 25.45 NA
PLSK Pulaski Savings Bank (MHC) 2.55 61.22 22.60 13.19 36.72 23.98
PRBC Prestige Bancorp Inc. - 19.33 19.57 8.62 16.88 18.75
PROV Provident Financial Holdings - 0.00 33.15 9.07 14.12 13.74
PSBI PSB Bancorp Inc. - NA NA NA NA NA
PSFC Peoples-Sidney Financial Corp. 1.70 575.68 22.30 27.82 29.46 22.30
PSFI PS Financial Inc. 4.22 965.22 16.73 27.01 14.97 24.73
PTRS Potters Financial Corp. - 21.13 15.77 10.30 12.85 14.30
PULB Pulaski Bank, FSB (MHC) 5.12 119.57 28.67 24.22 23.37 23.37
PULS Pulse Bancorp 2.94 45.06 15.84 15.63 15.84 15.84
PVFC PVF Capital Corp. - 0.00 10.27 10.59 11.50 9.58
PVSA Parkvale Financial Corp. 2.16 26.67 13.21 13.10 12.85 13.21
PWBK Pennwood Bancorp Inc. 2.87 64.63 26.35 14.76 121.88 23.78
QCBC Quaker City Bancorp Inc. - 0.00 13.00 9.56 11.74 12.77
QCFB QCF Bancorp Inc. - 0.00 12.17 23.92 11.35 11.85
QCSB Queens County Bancorp Inc. 2.67 47.34 21.93 32.67 19.53 21.74
RARB Raritan Bancorp Inc. 1.88 34.39 20.38 17.47 20.00 20.38
RCBK Richmond County Financial Corp 1.75 NA NA 22.77 15.63 NA
RELI Reliance Bancshares Inc. - 0.00 38.59 50.28 44.38 36.98
RELY Reliance Bancorp Inc. 2.69 34.17 14.15 10.29 14.54 13.44
RIVR River Valley Bancorp 1.52 16.96 14.22 12.72 12.95 12.61
ROSE TR Financial Corp. 3.36 29.73 12.60 10.14 9.60 10.73
RSLN Roslyn Bancorp Inc. 2.58 25.00 13.84 16.65 12.11 13.14
RVSB Riverview Bancorp Inc. 1.75 NA NA 31.67 16.37 NA
SBAN SouthBanc Shares Inc. 2.87 NA NA 19.62 NA NA
SBFL Finger Lakes Financial (MHC) - 75.00 50.00 15.2 34.38 39.29
Current Pricing Data as of 10/05/98 Productivity
----------------------------------- -----------------
Price/ Price/Tang Full Time
Publicly Rep Publicly Rep Equivalent
Book Value Book Value Employees
Ticker Short Name (%) (%) Most Recent Qtr
- --------------------------------------- ----------------------------------- ------------------
NBCP Niagara Bancorp Inc. (MHC) 110.47 110.47 373
NBN Northeast Bancorp 98.86 107.48 139
NBSI North Bancshares Inc. 110.19 110.19 NA
NEIB Northeast Indiana Bancorp 107.34 107.34 42
NEP Northeast PA Financial Corp. 71.33 71.33 144
NHTB New Hampshire Thrift Bncshrs 103.17 118.07 132
NMSB NewMil Bancorp Inc. 137.77 137.77 140
NSLB NS&L Bancorp Inc. 87.38 88.01 21
NSSY NSS Bancorp Inc. 183.27 187.89 NA
NTBK Net.B@nk Inc. 269.77 272.46 23
NTMG Nutmeg Federal S&LA 205.70 205.70 NA
NWEQ Northwest Equity Corp. 131.67 131.67 36
NWSB Northwest Bancorp Inc. (MHC) 220.43 245.22 860
OCFC Ocean Financial Corp. 103.17 103.70 247
OCN Ocwen Financial Corp. 87.13 95.26 1510
OFCP Ottawa Financial Corp. 162.51 198.34 280
OHSL OHSL Financial Corp. 127.04 127.04 60
OSFS Ohio State Financial Services 97.15 97.15 14
OTFC Oregon Trail Financial Corp. 75.52 75.52 103
PBCI Pamrapo Bancorp Inc. 147.40 148.17 84
PBCT People's Bank (MHC) 170.63 198.03 3436
PBHC Pathfinder Bancorp Inc. (MHC) 152.01 178.08 72
PBKB People's Bancshares Inc. 173.65 181.24 253
PBOC PBOC Holdings Inc. 121.59 121.59 268
PCBC Perry County Financial Corp. 98.03 98.03 9
PDB Piedmont Bancorp Inc. 122.61 122.61 31
PEDE Great Pee Dee Bancorp 83.10 83.10 NA
PEEK Peekskill Financial Corp. 97.18 97.18 25
PERM Permanent Bancorp Inc. 109.32 134.03 NA
PFDC Peoples Bancorp 151.99 151.99 82
PFED Park Bancorp Inc. 86.10 86.10 NA
PFFB PFF Bancorp Inc. 97.18 98.24 536
PFFC Peoples Financial Corp. 101.01 101.01 19
PFNC Progress Financial Corp. 164.31 184.25 228
PFSB PennFed Financial Services Inc 103.20 118.59 223
PFSL Pocahontas Bancorp Inc. 97.25 100.47 NA
PHBK Peoples Heritage Finl Group 198.24 238.70 NA
PHFC Pittsburgh Home Financial Corp 100.04 101.12 NA
PHSB Peoples Home Savings Bk (MHC) 137.02 137.02 76
PLSK Pulaski Savings Bank (MHC) 111.59 111.59 47
PRBC Prestige Bancorp Inc. 89.17 89.17 47
PROV Provident Financial Holdings 85.43 85.43 316
PSBI PSB Bancorp Inc. NA NA NA
PSFC Peoples-Sidney Financial Corp. 137.96 137.96 19
PSFI PS Financial Inc. 100.84 100.84 16
PTRS Potters Financial Corp. 120.76 120.76 43
PULB Pulaski Bank, FSB (MHC) 181.13 181.13 83
PULS Pulse Bancorp 185.25 185.25 60
PVFC PVF Capital Corp. 147.06 147.06 124
PVSA Parkvale Financial Corp. 170.77 171.61 259
PWBK Pennwood Bancorp Inc. 79.01 79.01 12
QCBC Quaker City Bancorp Inc. 109.83 109.83 155
QCFB QCF Bancorp Inc. 136.73 136.73 NA
QCSB Queens County Bancorp Inc. 287.03 287.03 285
RARB Raritan Bancorp Inc. 238.45 241.33 97
RCBK Richmond County Financial Corp 110.53 110.89 351
RELI Reliance Bancshares Inc. 95.02 95.02 NA
RELY Reliance Bancorp Inc. 131.32 188.25 440
RIVR River Valley Bancorp 93.37 94.52 NA
ROSE TR Financial Corp. 154.43 154.43 430
RSLN Roslyn Bancorp Inc. 107.94 108.39 479
RVSB Riverview Bancorp Inc. 129.59 133.75 95
SBAN SouthBanc Shares Inc. 94.53 94.53 NA
SBFL Finger Lakes Financial (MHC) 179.74 179.74 88
63
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
Dividends Current Pricing Data as of 10/05/98
----------------------- -----------------------------------------
Current LTM Dividend Price/
Dividend Payout LTM Price/ Price/ Price/
Yield Ratio Core EPS Assets Earnings LTM EPS
Ticker Short Name ($) (%) (X) (%) (X) (X)
- ------------------------------------------ ----------------------- -----------------------------------------
SBOS Boston Bancorp (The) NA 10.89 NA NA NA NA
SCBS Southern Community Bancshares 2.14 302.78 15.38 23.44 12.07 15.56
SCCB S. Carolina Community Bancshrs 3.82 94.12 24.63 20.23 NA 24.63
SFED SFS Bancorp Inc. 1.17 30.00 28.09 18.49 26.20 27.25
SFFC StateFed Financial Corp. 1.95 30.30 15.53 17.87 16.02 15.53
SFIN Statewide Financial Corp. 3.01 34.92 14.38 11.55 14.87 13.69
SFSL Security First Corp. 1.85 28.45 16.81 22.02 15.73 16.81
SGVB SGV Bancorp Inc. - 0.00 21.19 7.19 18.38 20.83
SHSB SHS Bancorp Inc. - NA NA 16.46 16.44 NA
SIB Staten Island Bancorp Inc. 1.87 NA NA 25.60 15.86 NA
SISB SIS Bancorp Inc. - 32.61 15.17 13.14 14.48 18.89
SKAN Skaneateles Bancorp Inc. 2.07 25.79 12.98 7.31 12.05 12.74
SKBO First Carnegie Deposit (MHC) 2.67 101.35 37.50 17.77 70.31 30.41
SMBC Southern Missouri Bancorp Inc. - 74.63 23.21 15.47 25.39 24.25
SOBI Sobieski Bancorp Inc. 2.13 42.67 20.55 12.39 15.63 20.00
SOPN First Savings Bancorp Inc. 4.49 72.31 17.12 27.15 16.86 17.12
SPBC St. Paul Bancorp Inc. 2.89 28.17 15.04 15.62 14.41 14.61
SRN Southern Banc Co. - 71.43 27.68 15.88 24.22 27.68
SSB Scotland Bancorp Inc. 1.81 NM 22.13 34.66 34.57 22.13
SSFC South Street Financial Corp. 4.85 NM NA 18.94 34.38 27.50
SSM Stone Street Bancorp Inc. 2.99 56.88 19.22 25.25 24.02 19.22
STFR St. Francis Capital Corp. - 20.15 16.55 10.41 12.95 13.34
STSA Sterling Financial Corp. - 0.00 12.80 5.86 NM 18.18
SVRN Sovereign Bancorp Inc. 0.71 12.23 13.55 9.10 10.42 18.75
SWCB Sandwich Bancorp Inc. 2.45 54.66 24.68 22.03 25.56 23.18
SZB SouthFirst Bancshares Inc. 3.64 75.34 25.00 9.79 41.25 22.60
TBFC Telebanc Financial Corp. - 0.00 NA 5.02 NM 33.75
THR Three Rivers Financial Corp. 2.71 39.25 16.93 12.87 14.51 15.19
THRD TF Financial Corp. 2.74 35.20 16.99 8.10 14.58 14.00
THTL Thistle Group Holdings Co. 2.25 NA NA NA NA NA
TRIC Tri-County Bancorp Inc. 3.67 53.47 16.22 16.19 16.67 16.67
TSBK Timberland Bancorp Inc. 2.01 NA NA 30.00 12.44 NA
TSBS Peoples Bancorp Inc. 1.15 NA NA 36.12 NA NA
TSH Teche Holding Co. 3.33 42.74 13.04 12.51 12.10 12.82
TWIN Twin City Bancorp 3.11 45.70 17.88 14.45 15.33 14.47
UBMT United Financial Corp. 4.47 NA NA 18.51 16.45 33.40
UCBC Union Community Bancorp 3.23 NA NA 33.07 18.36 NA
UCFC United Community Finl Corp. - NA NA NA NA NA
UFBS Union Financial Bcshs Inc. 2.66 23.36 15.05 9.75 11.67 11.97
UFRM United Federal Savings Bank 1.39 42.11 35.94 18.76 26.95 30.26
UPFC United PanAm Financial Corp. - NA NA 21.50 4.93 NA
USAB USABancshares Inc. - 0.00 38.64 12.64 9.66 85.00
UTBI United Tennessee Bankshares - NA NA 21.01 13.44 NA
WAMU Washington Mutual Inc. 2.79 46.34 12.4 11.09 10.73 18.06
WAYN Wayne Savings Bancshares (MHC) 3.44 80.24 27.69 17.25 23.68 25.00
WBST Webster Financial Corp. 2.02 24.55 11.82 9.07 22.66 13.02
WCBI Westco Bancorp Inc. 2.21 37.50 18.52 23.87 19.22 17.47
WCFB Webster City Federal SB (MHC) - 125.00 23.83 33.2 23.83 23.83
WEBK West Essex Bancorp (MHC) - NA NA NA NA NA
WEFC Wells Financial Corp. 3.75 40.48 13.79 15.93 12.12 12.70
WEHO Westwood Homestead Fin. Corp. 3.81 NM NA 21.27 14.58 27.63
WES Westcorp 2.60 125.00 NM 5.53 96.10 27.46
WFI Winton Financial Corp. 2.00 26.06 17.36 13.99 12.50 13.30
WFSL Washington Federal Inc. 3.79 41.78 11.89 22.88 11.23 11.55
WHGB WHG Bancshares Corp. - 60.42 23.21 11.97 18.96 23.70
WOFC Western Ohio Financial Corp. 4.92 769.23 156.25 13.06 24.18 156.25
WRNB Warren Bancorp Inc. 4.00 84.81 12.68 18.81 11.25 11.39
WSB Washington Savings Bank, FSB 2.29 23.26 14.58 7.07 12.15 10.17
WSBI Warwick Community Bancorp 1.31 NA NA 19.72 15.31 NA
WSFS WSFS Financial Corp. 0.79 2.22 11.64 12.31 10.89 11.30
WSTR WesterFed Financial Corp. - 39.61 15.12 10.66 13.93 15.12
WVFC WVS Financial Corp. 3.92 153.06 14.45 18.65 20.15 15.63
WYNE Wayne Bancorp Inc. 0.70 20.00 29.51 20.93 23.85 28.63
YFCB Yonkers Financial Corp. - 24.07 15.21 10.18 13.66 13.66
Current Pricing Data as of 10/05/98 Productivity
----------------------------------- ---------------
Price/ Price/Tang Full Time
Publicly Rep Publicly Rep Equivalent
Book Value Book Value Employees
Ticker Short Name (%) (%) Most Recent Qtr
- --------------------------------------- ------------ ------------ ---------------
SBOS Boston Bancorp (The) NA NA NA
SCBS Southern Community Bancshares 135.14 135.14 18
SCCB S. Carolina Community Bancshrs 103.14 103.14 13
SFED SFS Bancorp Inc. 150.30 150.30 57
SFFC StateFed Financial Corp. 99.81 99.81 17
SFIN Statewide Financial Corp. 118.88 119.05 NA
SFSL Security First Corp. 222.35 225.17 145
SGVB SGV Bancorp Inc. 91.04 92.11 99
SHSB SHS Bancorp Inc. 118.89 118.89 27
SIB Staten Island Bancorp Inc. 108.73 111.49 568
SISB SIS Bancorp Inc. 187.13 187.13 612
SKAN Skaneateles Bancorp Inc. 106.3 108.87 104
SKBO First Carnegie Deposit (MHC) 105.83 105.83 NA
SMBC Southern Missouri Bancorp Inc. 100.06 100.06 60
SOBI Sobieski Bancorp Inc. 83.24 83.24 24
SOPN First Savings Bancorp Inc. 118.79 118.79 42
SPBC St. Paul Bancorp Inc. 162.75 163.39 1157
SRN Southern Banc Co. 89.88 90.54 29
SSB Scotland Bancorp Inc. 138.98 138.98 13
SSFC South Street Financial Corp. 97.06 97.06 38
SSM Stone Street Bancorp Inc. 92.40 92.40 22
STFR St. Francis Capital Corp. 138.67 155.03 427
STSA Sterling Financial Corp. 115.11 292.50 673
SVRN Sovereign Bancorp Inc. 160.26 181.74 2715
SWCB Sandwich Bancorp Inc. 262.49 270.05 148
SZB SouthFirst Bancshares Inc. 98.51 101.04 67
TBFC Telebanc Financial Corp. 201.19 216.00 74
THR Three Rivers Financial Corp. 100.31 100.62 45
THRD TF Financial Corp. 98.09 115.59 152
THTL Thistle Group Holdings Co. NA NA NA
TRIC Tri-County Bancorp Inc. 98.44 98.44 19
TSBK Timberland Bancorp Inc. 92.69 92.69 97
TSBS Peoples Bancorp Inc. 92.43 95.26 NA
TSH Teche Holding Co. 90.36 90.36 168
TWIN Twin City Bancorp 114.04 114.04 57
UBMT United Financial Corp. 125.49 129.86 78
UCBC Union Community Bancorp 82.11 82.11 NA
UCFC United Community Finl Corp. NA NA 425
UFBS Union Financial Bcshs Inc. 121.11 NA NA
UFRM United Federal Savings Bank 241.94 241.94 127
UPFC United PanAm Financial Corp. 107.89 108.35 NA
USAB USABancshares Inc. 136.88 137.76 NA
UTBI United Tennessee Bankshares 77.73 77.73 19
WAMU Washington Mutual Inc. 198.96 211.46 19694
WAYN Wayne Savings Bancshares (MHC) 181.09 181.09 100
WBST Webster Financial Corp. 151.99 179.31 1633
WCBI Westco Bancorp Inc. 152.38 152.38 55
WCFB Webster City Federal SB (MHC) 141.86 141.86 21
WEBK West Essex Bancorp (MHC) NA NA 56
WEFC Wells Financial Corp. 103.69 103.69 NA
WEHO Westwood Homestead Fin. Corp. 103.35 103.35 25
WES Westcorp 61.02 61.16 2440
WFI Winton Financial Corp. 192.60 195.62 NA
WFSL Washington Federal Inc. 164.63 177.27 662
WHGB WHG Bancshares Corp. 78.34 78.34 NA
WOFC Western Ohio Financial Corp. 89.96 96.18 111
WRNB Warren Bancorp Inc. 179.28 179.28 138
WSB Washington Savings Bank, FSB 83.97 83.97 NA
WSBI Warwick Community Bancorp 93.94 93.94 118
WSFS WSFS Financial Corp. 200.13 201.19 303
WSTR WesterFed Financial Corp. 99.29 121.80 371
WVFC WVS Financial Corp. 167.91 167.91 62
WYNE Wayne Bancorp Inc. 163.85 163.85 61
YFCB Yonkers Financial Corp. 98.93 98.93 71
64
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
Dividends Current Pricing Data as of 10/05/98
----------------------- -----------------------------------------
Current LTM Dividend Price/
Dividend Payout LTM Price/ Price/ Price/
Yield Ratio Core EPS Assets Earnings LTM EPS
Ticker Short Name ($) (%) (X) (%) (X) (X)
- ------------------------------------------ ----------------------- -----------------------------------------
YFED York Financial Corp 2.93 47.17 21.13 12.95 17.07 16.75
- ------------------------------------------ -----------------------------------------------------------------
Average 1.79 54.67 20.13 15.63 18.59 18.21
Current Pricing Data as of 10/05/98 Productivity
----------------------------------- -----------------
Price/ Price/Tang Full Time
Publicly Rep Publicly Rep Equivalent
Book Value Book Value Employees
Ticker Short Name (%) (%) Most Recent Qtr
- --------------------------------------- ----------------------------------- -----------------
YFED York Financial Corp. 145.73 145.73 419
- --------------------------------------- ------------------------------------------------------
Average 127.65 132.89 363
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
Dividends Current Pricing Data as of 10/05/98
------------------------ --------------------------------------------------
Current LTM Dividend Price/
Dividend Payout LTM Price/ Price/ Price/
Yield Ratio Core EPS Assets Earnings LTM EPS
Ticker Short Name ($) (%) (X) (%) (X) (X)
- ------------------------------------------ ------------------------ --------------------------------------------------
Comparable Thrift Data
ANDB Andover Bancorp Inc. 2.537 26.38 12.39 13.21 9.09 12.07
EBSI Eagle Bancshares 3.556 41.50 12.59 9.33 9.00 12.24
FAB FIRSTFED AMERICA BANCORP INC. 1.538 5.81 18.57 8.17 14.77 15.12
FNGB First Northern Capital Corp. 3.429 47.22 15.67 13.47 13.82 14.58
FWWB First Washington Bancorp Inc. 1.600 22.90 19.40 19.32 17.58 17.72
KFBI Klamath First Bancorp 2.182 36.02 17.93 16.22 15.87 17.74
MDBK Medford Bancorp Inc. 2.462 37.30 13.66 12.75 11.95 12.90
MECH MECH Financial Inc. 0 9.26 14.60 13.03 12.50 14.51
WSTR WesterFed Financial Corp. 0 39.61 15.12 10.66 13.93 15.12
YFED York Financial Corp. 2.93 47.17 21.13 12.95 17.07 16.75
- ------------------------------------------- ------------------------ --------------------------------------------------
Average 2.02 31.32 16.11 12.91 13.56 14.88
Median 2.32 36.66 15.40 12.99 13.88 14.85
Maximum 3.56 47.22 21.13 19.32 17.58 17.74
Minimum 0 5.81 12.39 8.17 9.00 12.07
COMMUNITY SAVINGS BANKSHARES, INC. NA NA NA NA NA NA
VARIANCE TO THE COMPARABLE MEDIAN NA NA NA NA NA NA
Current Pricing Data as of 10/05/98 Productivity
----------------------------------- -----------------
Price/ Price/Tang Full Time
Publicly Rep Publicly Rep Equivalent
Book Value Book Value Employees
Ticker Short Name (%) (%) Most Recent Qtr
- --------------------------------------- ------------------------------------------------------
Comparable Thrift Data
ANDB Andover Bancorp Inc. 161.13 161.13 282
EBSI Eagle Bancshares 134.73 134.73 573
FAB FIRSTFED AMERICA BANCORP INC. 82.49 82.49 289
FNGB First Northern Capital Corp. 123.67 123.67 220
FWWB First Washington Bancorp Inc. 137.61 166.54 NA
KFBI Klamath First Bancorp 103 112.47 240
MDBK Medford Bancorp Inc. 142.67 150.32 253
MECH MECH Financial Inc. 134.21 134.21 236
WSTR WesterFed Financial Corp. 99.29 121.8 371
YFED York Financial Corp. 145.73 145.73 419
----------------------------- -------------------------------------------------------
Average 126.45 133.31 320
Median 134.47 134.47 282
Maximum 161.13 166.54 573
Minimum 82.49 82.49 220
COMMUNITY SAVINGS BANKSHARES, INC. NA NA NA
VARIANCE TO THE COMPARABLE MEDIAN NA NA NA
65
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
Income
-------------------------------------------------------------------------------------
Net Income Core Income Core EPS EPS Net Income Core Income Core EPS EPS
Ticker Short Name LTM LTM LTM LTM MRQ MRQ MRQ MRQ
- ----------------------------------------- -------------------------------------------------------------------------------------
%CCMD Chevy Chase Bank FSB 26,860 -65,507 NA NA (11,034) (35,897) NA NA
AABC Access Anytime Bancorp Inc. 1,496 1,361 1.10 1.22 73 29 0.06 0.02
ABBK Abington Bancorp Inc. 4,520 3,433 0.88 1.17 1,154 632 0.30 0.16
ABCL Alliance Bancorp 11,577 13,864 1.47 1.28 1,741 3,975 0.14 0.32
ABCW Anchor BanCorp Wisconsin 22,001 19,105 1.00 1.15 6,119 5,052 0.33 0.27
AFBC Advance Financial Bancorp 848 734 0.74 0.85 155 95 0.16 0.10
AFED AFSALA Bancorp Inc. 1,010 1,112 0.85 0.78 116 199 0.09 0.15
AHCI Ambanc Holding Co. 2,079 2,122 0.57 0.53 97 533 0.03 0.16
ALBC Albion Banc Corp. 380 358 0.48 0.51 90 87 0.12 0.12
ALBK ALBANK Financial Corp. 44,748 44,502 3.23 3.24 10,275 10,263 0.74 0.74
ALLB Alliance Bank (MHC) 2,000 2,000 0.62 0.62 519 519 0.16 0.16
AMFC AMB Financial Corp. 863 549 0.61 0.95 95 134 0.11 0.16
ANA Acadiana Bancshares Inc. 2,944 2,757 1.14 1.22 628 604 0.27 0.26
ANDB Andover Bancorp Inc. 15,768 15,382 2.29 2.35 5,250 5,125 0.78 0.76
ANE Alliance Bncp of New England 2,314 1,117 0.44 0.90 626 332 0.24 0.13
ASBI Ameriana Bancorp 3,810 3,267 1.00 1.16 915 797 0.28 0.24
ASBP ASB Financial Corp. 1,076 1,073 0.67 0.67 300 300 0.19 0.19
ASFC Astoria Financial Corp. 83,755 76,634 2.98 3.28 23,663 21,502 0.85 0.77
ATSB AmTrust Capital Corp. 288 125 0.25 0.57 64 (4) 0.13 (0.01)
AVND Avondale Financial Corp. -5,216 -3,843 -1.13 -1.44 1,766 (662) 0.55 (0.21)
BANC BankAtlantic Bancorp Inc. 26,254 12,081 0.30 0.67 6,391 4,785 0.15 0.11
BCSB BCSB Bankcorp Inc. (MHC) 2,001 1,781 NA NA 565 565 NA NA
BDJI First Federal Bancorp. 809 815 0.98 0.97 233 233 0.28 0.28
BFD BostonFed Bancorp Inc. 7,128 5,737 1.04 1.29 1,803 1,302 0.33 0.24
BFFC Big Foot Financial Corp. 1,180 875 0.36 0.49 317 160 0.12 0.06
BFSB Bedford Bancshares Inc. 1,769 1,757 0.76 0.76 512 510 0.22 0.22
BKC American Bank of Connecticut 8,543 7,211 1.51 1.79 2,258 2,028 0.47 0.42
BKCT Bancorp Connecticut Inc. 6,484 5,509 0.99 1.15 1,751 1,507 0.31 0.27
BKUNA BankUnited Financial Corp. 7,784 5,119 0.28 0.47 1,351 212 0.07 --
BNKU Bank United Corp. 110,570 103,862 3.22 3.42 23,913 21,674 0.74 0.67
BPLS Bank Plus Corp. 7,553 11,434 0.55 0.37 (1,176) 54 (0.06) --
BRBI Blue River Bancshares Inc. NA NA NA NA (57,343) (57,343) -- NA
BRKL Brookline Bancorp (MHC) 15,539 14,729 NA NA 5,143 4,338 0.18 0.15
BTHL Bethel Bancorp 1,435 1,141 0.74 0.96 302 263 0.19 0.16
BVCC Bay View Capital Corp. 14,549 24,703 1.44 0.81 5,234 7,793 0.25 0.37
BWFC Bank West Financial Corp. 830 864 0.34 0.33 90 234 0.03 0.08
BYFC Broadway Financial Corp. 580 237 0.22 0.61 84 87 0.09 0.09
BYS Bay State Bancorp -1,671 877 NA NA 514 628 0.22 0.27
CAFI Camco Financial Corp. 6,753 4,833 0.92 1.27 1,752 1,222 0.31 0.22
CASB Cascade Financial Corp. 3,525 3,168 0.67 0.75 1,000 791 0.21 0.17
CASH First Midwest Financial Inc. 2,855 2,573 0.93 1.04 893 837 0.33 0.31
CATB Catskill Financial Corp. 3,853 3,793 0.90 0.91 974 950 0.24 0.23
CAVB Cavalry Bancorp Inc. NA NA NA NA 1,510 1,204 0.22 0.18
CBCI Calumet Bancorp Inc. 9,550 9,627 2.81 2.79 1,405 1,370 0.41 0.40
CBES CBES Bancorp Inc. 1,054 755 0.80 1.11 300 163 0.33 0.18
CBK Citizens First Financial Corp. 1,969 1,125 0.43 0.77 435 286 0.17 0.11
CBSA Coastal Bancorp Inc. 15,426 15,816 2.03 1.98 3,979 3,979 0.51 0.51
CEBK Central Co-operative Bank 3,112 2,323 1.20 1.59 671 565 0.34 0.29
CENB Century Bancorp Inc. 1,204 1,196 1.05 1.06 303 295 0.26 0.25
CFB Commercial Federal Corp. 67,333 83,240 2.00 1.62 18,175 20,143 0.43 0.48
CFCP Coastal Financial Corp. 6,689 5,390 0.83 1.03 1,762 1,423 0.27 0.22
CFFC Community Financial Corp. 1,817 1,746 0.66 0.69 506 435 0.19 0.16
CFKY Columbia Financial of Kentucky NA NA NA NA 239 239 NA NA
CFNC Carolina Fincorp Inc. 1,069 1,194 0.68 0.61 359 333 0.20 0.19
CFSB CFSB Bancorp Inc. 11,609 10,478 1.21 1.34 3,209 2,798 0.37 0.32
CFTP Community Federal Bancorp 2,895 2,522 0.58 0.67 886 652 0.21 0.15
CIBI Community Investors Bancorp 879 879 0.68 0.68 204 204 0.16 0.16
CITZ CFS Bancorp Inc. NA NA NA NA 1,267 1,267 NA NA
CKFB CKF Bancorp Inc. 826 826 1.00 1.00 175 175 0.22 0.22
CLAS Classic Bancshares Inc. 980 744 0.61 0.79 197 196 0.16 0.16
CMRN Cameron Financial Corp 2,460 2,417 1.00 1.01 672 661 0.28 0.28
CMSB Commonwealth Bancorp Inc. 13,340 9,460 0.60 0.86 1,469 1,513 0.10 0.10
CMSV Community Savings Bnkshrs(MHC) 5,133 4,735 0.93 1.01 1,279 1,279 0.25 0.25
CNIT CENIT Bancorp Inc. 6,362 5,854 1.20 1.30 1,504 1,317 0.31 0.27
66
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
Income
--------------------------------------------------------------------------------------
Net Income Core Income Core EPS EPS Net Income Core Income Core EPS EPS
Ticker Short Name LTM LTM LTM LTM MRQ MRQ MRQ MRQ
- ----------------------------------------- --------------------------------------------------------------------------------------
CNSB CNS Bancorp Inc. 870 742 0.45 0.53 203 141 0.12 0.08
CNY Carver Bancorp Inc. 1,054 932 0.42 0.48 318 318 0.14 0.14
COFI Charter One Financial 173,432 226,022 1.72 1.26 68,361 65,586 0.50 0.48
CONE Conestoga Bancorp, Inc. 3,210 2,607 0.58 0.71 742 334 0.16 0.07
COOP Cooperative Bankshares Inc. 2,391 2,196 0.68 0.74 669 668 0.21 0.21
CRSB Crusader Holding Corp. 3,736 3,401 1.16 1.27 1,260 1,124 0.34 0.30
CRZY Crazy Woman Creek Bancorp 738 741 0.83 0.83 172 172 0.19 0.19
CSBF CSB Financial Group Inc. 304 289 0.35 0.37 95 92 0.12 0.12
CVAL Chester Valley Bancorp Inc. 3,626 3,442 1.40 1.48 655 735 0.27 0.30
DCBI Delphos Citizens Bancorp Inc. 1,593 1,593 0.90 0.90 400 400 0.23 0.23
DCOM Dime Community Bancshares Inc. 13,098 12,523 1.04 1.09 4,035 3,709 0.34 0.31
DME Dime Bancorp Inc. 176,541 108,962 0.96 1.55 58,266 16,833 0.50 0.14
DNFC D & N Financial Corp. 15,331 12,676 1.35 1.63 3,982 3,237 0.42 0.34
DSL Downey Financial Corp. 57,147 48,265 1.70 2.02 14,988 11,339 0.53 0.40
EBI Equality Bancorp Inc. 1,402 48 NA NA 351 (12) 0.15 (0.01)
EBSI Eagle Bancshares 8,630 8,414 1.43 1.47 2,980 2,711 0.50 0.45
EFBC Empire Federal Bancorp Inc. 1,585 1,585 0.67 0.67 392 392 0.17 0.17
EFBI Enterprise Federal Bancorp 2,440 2,117 0.99 1.16 716 716 0.31 0.31
EFC EFC Bancorp Inc. -506 3,093 NA NA (2,458) 1,141 NA NA
EGLB Eagle BancGroup Inc. 616 219 0.19 0.55 202 41 0.18 0.04
EMLD Emerald Financial Corp. 6,902 6,326 0.59 0.64 1,877 1,754 0.17 0.16
EQSB Equitable Federal Savings Bank 2,276 2,160 1.66 1.74 544 500 0.41 0.38
ESBF ESB Financial Corp. 5,945 5,863 1.03 1.04 1,548 1,497 0.27 0.26
ESBK Elmira Savings Bank (The) 1,073 883 1.23 1.50 308 306 0.43 0.43
ESX Essex Bancorp Inc. -470 -469 -2.06 -2.06 137 137 (0.29) (0.29)
ETFS East Texas Financial Services 632 548 0.37 0.43 123 99 0.08 0.06
FAB FIRSTFED AMERICA BANCORP INC. 6,867 5,569 0.70 0.86 1,694 1,400 0.22 0.18
FBBC First Bell Bancorp Inc. 7,549 7,491 1.27 1.28 1,958 1,958 0.33 0.33
FBCI Fidelity Bancorp Inc. NA NA NA NA 934 934 0.32 0.32
FBCV 1ST Bancorp 1,911 1,349 1.22 1.73 460 215 0.41 0.19
FBER 1st Bergen Bancorp 2,112 2,112 0.84 0.84 550 550 0.23 0.23
FBHC Fort Bend Holding Corp. 2,071 1,377 0.63 0.94 572 379 0.24 0.16
FBNW FirstBank Corp. 1,931 1,097 NA NA 451 162 0.25 0.09
FBSI First Bancshares Inc. 1,845 1,830 0.84 0.85 428 433 0.19 0.19
FCB Falmouth Bancorp Inc. 1,094 832 0.60 0.81 281 203 0.20 0.14
FCBF FCB Financial Corp. 6,892 6,039 1.59 1.80 1,739 1,413 0.45 0.37
FCBH Virginia Beach Fed. Financial NA NA NA NA 1,011 711 NA NA
FCBK First Coastal Bankshares 4,260 2,999 0.59 0.84 1,028 560 0.20 0.11
FCME First Coastal Corp. 1,221 1,102 0.80 0.88 292 262 0.21 0.19
FDEF First Defiance Financial 5,381 5,117 0.63 0.66 1,545 1,451 0.20 0.19
FDTR Federal Trust Corp. NA NA NA NA 112 93 0.02 0.02
FED FirstFed Financial Corp. 29,364 27,749 1.29 1.37 8,637 7,854 0.40 0.36
FESX First Essex Bancorp Inc. 10,487 9,045 1.15 1.33 2,749 1,872 0.35 0.24
FFBH First Federal Bancshares of AR 5,553 5,486 1.18 1.20 1,462 1,422 0.31 0.30
FFBI First Financial Bancorp Inc. 124 251 0.61 0.30 49 (2) 0.12 --
FFBS FFBS BanCorp Inc. 1,824 1,824 1.20 1.20 451 451 0.30 0.30
FFBZ First Federal Bancorp Inc. 1,701 1,598 0.47 0.50 478 435 0.14 0.13
FFCH First Financial Holdings Inc. 16,015 15,362 1.10 1.15 4,203 3,885 0.30 0.28
FFDB FirstFed Bancorp Inc. 1,595 1,595 0.66 0.66 376 376 0.15 0.15
FFDF FFD Financial Corp. 982 695 0.50 0.71 429 142 0.31 0.10
FFED Fidelity Federal Bancorp -6,794 -1,034 -0.35 -2.30 411 367 0.13 0.12
FFES First Federal of East Hartford 5,835 6,300 2.26 2.09 1,577 1,577 0.56 0.56
FFFD North Central Bancshares Inc. 4,290 4,090 1.27 1.33 1,116 1,116 0.35 0.35
FFFL Fidelity Bankshares Inc. (MHC) 7,805 6,304 0.93 1.15 1,993 1,504 0.29 0.22
FFHH FSF Financial Corp. 3,177 3,003 1.05 1.10 767 683 0.27 0.24
FFHS First Franklin Corp. 1,878 1,620 0.90 1.04 443 399 0.25 0.23
FFIC Flushing Financial Corp. 9,486 9,748 0.90 0.87 2,743 2,695 0.25 0.25
FFKY First Federal Financial Corp. 6,334 6,090 1.46 1.52 1,629 1,543 0.39 0.37
FFLC FFLC Bancorp Inc. 3,966 3,763 0.99 1.04 1,096 1,096 0.29 0.29
FFOH Fidelity Financial of Ohio 4,784 4,588 0.85 0.88 1,134 1,115 0.21 0.21
FFPB First Palm Beach Bancorp Inc. 8,018 4,308 0.83 1.56 1,163 526 0.23 0.10
FFSL First Independence Corp. 846 846 0.85 0.85 268 268 0.27 0.27
FFSX First Fed SB of Siouxland(MHC) 3,418 3,325 1.16 1.19 987 848 0.34 0.29
FFWC FFW Corp. 1,900 1,659 1.15 1.32 453 259 0.32 0.18
67
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
Income
-------------------------------------------------------------------------------------
Net Income Core Income Core EPS EPS Net Income Core Income Core EPS EPS
Ticker Short Name LTM LTM LTM LTM MRQ MRQ MRQ MRQ
- ----------------------------------------- -------------------------------------------------------------------------------------
FFWD Wood Bancorp Inc. 2,369 1,937 0.70 0.86 602 432 0.22 0.16
FFYF FFY Financial Corp. 7,729 7,567 1.94 1.98 1,918 1,858 0.50 0.48
FGHC First Georgia Holding Inc. 1,970 1,970 0.38 0.38 530 530 0.10 0.10
FIBC Financial Bancorp Inc. 2,887 2,799 1.66 1.72 779 753 0.46 0.44
FISB First Indiana Corp. 18,727 13,317 1.00 1.42 4,617 2,949 0.35 0.22
FKAN First Kansas Financial Corp. 668 602 NA NA 180 176 NA NA
FKFS First Keystone Financial 2,753 2,442 1.07 1.21 701 645 0.31 0.29
FKKY Frankfort First Bancorp Inc. 1,580 1,580 0.96 0.96 421 421 0.24 0.24
FLAG FLAG Financial Corp. 2,777 2,062 0.50 0.68 962 612 0.18 0.11
FLFC First Liberty Financial Corp. 9,059 10,105 0.81 0.73 2,645 2,977 0.19 0.21
FLGS Flagstar Bancorp Inc. 30,046 30,046 2.15 2.15 10,183 10,183 0.73 0.73
FLKY First Lancaster Bancshares 512 512 0.57 0.57 133 133 0.15 0.15
FMBD First Mutual Bancorp Inc. 1,369 1,050 0.33 0.42 516 420 0.16 0.13
FMCO FMS Financial Corp. 5,263 5,255 0.71 0.71 1,336 1,335 0.18 0.18
FMSB First Mutual Savings Bank 4,852 4,249 0.99 1.13 1,277 1,077 0.29 0.24
FNGB First Northern Capital Corp. 6,551 6,060 0.67 0.72 1,730 1,562 0.19 0.17
FPRY First Financial Bancorp 1,313 985 1.09 1.45 257 141 0.28 0.15
FSBI Fidelity Bancorp Inc. 2,870 2,797 1.39 1.42 735 698 0.36 0.34
FSFF First SecurityFed Financial 3,379 5,062 NA NA 1,369 1,369 0.22 0.22
FSLA First Source Bancorp Inc. 11,558 11,246 NA NA 3,879 3,852 NA NA
FSNJ Bayonne Bancshares Inc. 4,655 4,672 NA NA 1,114 1,128 0.12 0.12
FSPT FirstSpartan Financial Corp. 7,540 7,318 NA NA 1,869 1,713 0.47 0.43
FSSB First FS&LA of San Bernardino -1,202 -1,205 -3.67 -3.67 (32) (32) (0.10) (0.10)
FSTC First Citizens Corp. 5,326 4,530 1.51 1.78 1,339 1,036 0.44 0.34
FTF Texarkana First Financial Corp 3,162 3,015 1.75 1.84 842 811 0.49 0.47
FTFC First Federal Capital Corp. 18,921 11,163 0.57 0.96 4,698 2,000 0.24 0.10
FTNB Fulton Bancorp Inc. 1,139 884 0.54 0.70 254 183 0.14 0.10
FTSB Fort Thomas Financial Corp. 1,173 1,173 0.81 0.81 295 295 0.20 0.20
FWWB First Washington Bancorp Inc. 13,425 12,319 1.16 1.27 3,548 3,205 0.32 0.29
GAF GA Financial Inc. 8,174 7,558 1.07 1.15 1,802 1,683 0.26 0.24
GBNK Gaston Federal Bancorp (MHC) NA NA NA NA 610 610 NA NA
GDW Golden West Financial 402,808 393,944 6.80 6.95 116,950 104,550 2.01 1.80
GFCO Glenway Financial Corp. 2,704 2,700 1.16 1.16 756 729 0.33 0.32
GFED Guaranty Federal Bcshs Inc. 2,841 2,797 NA NA 887 888 0.15 0.15
GLMR Gilmer Financial Svcs, Inc. 23 130 0.68 0.12 (54) (57) (0.30) (0.32)
GOSB GSB Financial Corp. 923 866 NA NA 175 175 0.08 0.08
GPT GreenPoint Financial Corp. 145,849 149,207 2.00 1.96 39,415 39,204 0.54 0.54
GSB Golden State Bancorp Inc. 128,749 142,280 1.98 1.78 39,300 41,171 0.51 0.54
GSFC Green Street Financial Corp. 2,805 2,805 0.68 0.68 701 701 0.17 0.17
GSLA GS Financial Corp. 1,519 1,316 0.43 0.49 177 182 0.06 0.06
GTPS Great American Bancorp 1,008 1,008 0.61 0.61 275 275 0.18 0.18
GUPB GFSB Bancorp Inc. 877 872 0.76 0.76 215 210 0.20 0.20
HALL Hallmark Capital Corp. 2,799 2,611 0.90 0.97 761 657 0.25 0.22
HARB Harbor Florida Bancshares Inc. 16,329 15,398 NA NA 5,335 4,922 0.18 0.17
HARL Harleysville Savings Bank 3,477 3,477 2.02 2.02 902 902 0.52 0.52
HARS Harris Financial Inc. (MHC) 18,221 11,920 0.35 0.54 4,475 3,448 0.13 0.10
HAVN Haven Bancorp Inc. 8,858 9,399 1.03 0.98 1,231 1,911 0.13 0.20
HBBI Home Building Bancorp 329 316 1.09 1.14 69 64 0.24 0.22
HBEI Home Bancorp of Elgin Inc. 2,437 2,437 0.39 0.39 692 692 0.11 0.11
HBFW Home Bancorp 2,957 2,886 1.25 1.28 749 746 0.33 0.33
HBNK Highland Bancorp Inc. 7,331 6,473 2.67 3.03 1,928 1,928 0.79 0.79
HBS Haywood Bancshares Inc. 1,394 2,193 1.77 1.13 (391) 412 (0.31) 0.33
HBSC Heritage Bancorp Inc. 2,628 2,618 NA NA 1,109 1,102 NA NA
HCBB HCB Bancshares Inc. 673 649 NA NA 215 209 0.08 0.08
HCBC High Country Bancorp Inc. 653 653 NA NA 197 197 0.15 0.15
HCFC Home City Financial Corp. 946 944 1.02 1.02 240 239 0.26 0.26
HEMT HF Bancorp Inc. 111 623 0.11 0.02 (654) (11) (0.10) --
HFBC HopFed Bancorp Inc. 2,915 2,915 NA NA 794 794 0.21 0.21
HFFB Harrodsburg First Fin Bancorp 1,480 1,477 0.81 0.81 377 377 0.21 0.21
HFFC HF Financial Corp. 6,473 5,621 1.23 1.42 1,751 1,217 0.38 0.26
HFGI Harrington Financial Group -1,859 -688 -0.21 -0.57 (1,326) (566) (0.40) (0.17)
HFSA Hardin Bancorp Inc. 825 721 0.91 1.03 186 168 0.23 0.21
HFWA Heritage Financial Corp. 3,628 1,966 NA NA 1,213 802 0.12 0.08
HHFC Harvest Home Financial Corp. 543 515 0.57 0.60 156 132 0.17 0.14
68
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
Income
--------------------------------------------------------------------------------------
Net Income Core Income Core EPS EPS Net Income Core Income Core EPS EPS
Ticker Short Name LTM LTM LTM LTM MRQ MRQ MRQ MRQ
- ----------------------------------------- --------------------------------------------------------------------------------------
HIFS Hingham Instit. for Savings 2,819 2,791 2.08 2.10 743 715 0.55 0.53
HLFC Home Loan Financial Corp. 919 919 NA NA 315 315 0.15 0.15
HMLK Hemlock Federal Financial Corp 1,642 1,620 0.86 0.87 402 378 0.22 0.21
HMNF HMN Financial Inc. 5,219 3,706 0.63 0.88 784 817 0.14 0.15
HOMF Home Federal Bancorp 10,390 8,168 1.49 1.90 2,490 1,954 0.45 0.35
HPBC Home Port Bancorp Inc. 3,160 3,495 1.90 1.71 979 975 0.53 0.53
HRBF Harbor Federal Bancorp Inc. 1,759 1,697 0.95 0.98 495 495 0.27 0.27
HRBT Hudson River Bancorp NA NA NA NA 986 950 NA NA
HRZB Horizon Financial Corp. 8,374 8,158 1.08 1.11 2,143 2,021 0.28 0.26
HSTD Homestead Bancorp Inc. 331 222 NA NA 80 67 NA NA
HTHR Hawthorne Financial Corp. 9,844 11,392 1.80 1.53 3,172 3,177 0.56 0.56
HWEN Home Financial Bancorp 393 301 0.36 0.47 100 66 0.12 0.08
HZFS Horizon Financial Svcs Corp. 589 698 0.82 0.69 (101) 173 (0.12) 0.21
ICBC Independence Comm. Bank Corp. NA NA NA NA 10,909 10,897 0.15 0.15
IFSB Independence Federal Svgs Bank 3,293 842 0.66 2.57 1,890 557 1.47 0.43
INBI Industrial Bancorp Inc. 5,362 5,359 1.10 1.10 1,394 1,391 0.29 0.29
IPSW Ipswich Savings Bank 2,605 2,598 1.04 1.04 612 612 0.24 0.24
ITLA ITLA Capital Corp. 13,774 13,774 1.72 1.72 3,708 3,708 0.46 0.46
IWBK InterWest Bancorp Inc. 19,228 17,266 1.23 1.40 3,273 4,604 0.20 0.28
JSB JSB Financial Inc. 46,383 38,962 3.82 4.54 15,186 12,976 1.49 1.27
JSBA Jefferson Savings Bancorp Inc. 8,955 7,736 0.78 0.90 1,820 1,658 0.18 0.16
JXSB Jacksonville Savings Bk (MHC) 998 632 0.33 0.52 258 181 0.13 0.09
JXVL Jacksonville Bancorp Inc. 3,138 3,138 1.26 1.26 756 756 0.31 0.31
KFBI Klamath First Bancorp 8,959 8,836 0.92 0.93 2,491 2,368 0.26 0.25
KNK Kankakee Bancorp Inc. 2,878 2,763 1.86 1.94 602 563 0.41 0.38
KSAV KS Bancorp Inc. 1,221 1,221 1.30 1.30 252 252 0.27 0.27
KSBK KSB Bancorp Inc. 1,726 1,689 1.38 1.41 435 435 0.34 0.34
KYF Kentucky First Bancorp Inc. 917 907 0.74 0.75 197 197 0.16 0.16
LARK Landmark Bancshares Inc. 2,446 2,066 1.19 1.41 584 436 0.35 0.26
LARL Laurel Capital Group Inc. 3,051 3,128 1.35 1.32 768 884 0.33 0.38
LFBI Little Falls Bancorp Inc. 1,895 1,895 0.80 0.80 494 494 0.22 0.22
LFCO Life Financial Corp. 13,804 14,367 2.09 2.01 1,151 1,151 0.17 0.17
LFED Leeds Federal Bankshares (MHC) 3,306 3,305 0.64 0.64 759 759 0.15 0.15
LIBB Liberty Bancorp Inc. (MHC) 1,371 1,283 NA NA 311 311 NA NA
LO Local Financial Corp. NA NA NA NA 4,525 4,308 0.22 0.21
LOGN Logansport Financial Corp. 1,286 1,303 1.02 1.00 325 323 0.25 0.25
LONF London Financial Corp. 411 381 0.80 0.86 121 117 0.25 0.24
LSBI LSB Financial Corp. 1,763 1,517 1.63 1.89 470 370 0.50 0.39
LSBX Lawrence Savings Bank 9,188 9,053 2.00 2.03 1,883 1,841 0.41 0.40
LVSB Lakeview Financial Corp. 9,445 4,121 0.99 2.28 2,589 542 0.61 0.13
LXMO Lexington B&L Financial Corp. 628 624 0.62 0.62 157 157 0.15 0.15
MAFB MAF Bancorp Inc. 37,399 35,828 1.52 1.59 9,780 9,130 0.42 0.39
MARN Marion Capital Holdings 2,324 2,324 1.27 1.27 641 641 0.36 0.36
MASB MASSBANK Corp. 10,785 9,307 2.52 2.92 2,706 2,306 0.73 0.62
MBBC Monterey Bay Bancorp Inc. 1,294 1,301 0.32 0.32 (65) 72 (0.02) 0.02
MBLF MBLA Financial Corp. 1,884 1,862 1.42 1.44 400 392 0.31 0.30
MBSP Mitchell Bancorp Inc. 433 433 0.50 0.50 63 63 0.07 0.07
MCBN Mid-Coast Bancorp Inc. 434 380 0.53 0.61 72 53 0.10 0.07
MDBK Medford Bancorp Inc. 11,953 11,358 1.19 1.26 3,238 2,885 0.34 0.30
MECH MECH Financial Inc. 8,603 8,533 1.61 1.62 2,526 2,513 0.47 0.47
METF Metropolitan Financial Corp. 6,592 5,641 0.80 0.93 1,306 1,071 0.18 0.15
MFBC MFB Corp. 2,152 2,098 1.26 1.29 488 469 0.30 0.29
MFFC Milton Federal Financial Corp. 1,499 1,215 0.57 0.71 449 303 0.21 0.14
MFLR Mayflower Co-operative Bank 1,501 1,232 1.33 1.63 337 256 0.36 0.27
MIFC Mid-Iowa Financial Corp. 1,377 1,361 0.76 0.77 350 350 0.19 0.19
MIVI Mississippi View Holding Co. 744 732 0.94 0.95 177 175 0.24 0.24
MONT Montgomery Financial Corp. 981 981 NA NA 299 299 0.19 0.19
MRKF Market Financial Corp. 616 616 0.51 0.51 143 143 0.12 0.12
MSBF MSB Financial Inc. 1,223 1,055 0.81 0.94 312 263 0.26 0.22
MSBK Mutual Savings Bank FSB -8,179 -2,867 -0.67 -1.94 591 282 0.14 0.07
MWBI Midwest Bancshares Inc. 1,448 1,164 1.05 1.31 409 291 0.37 0.26
MWBX MetroWest Bank 7,750 7,637 0.54 0.54 2,017 1,953 0.14 0.14
MYST Mystic Financial Inc. 1,547 1,377 NA NA 489 460 0.18 0.17
NASB NASB Financial Inc. 12,085 9,866 4.39 5.38 3,133 2,776 1.40 1.24
69
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
Income
-------------------------------------------------------------------------------------
Net Income Core Income Core EPS EPS Net Income Core Income Core EPS EPS
Ticker Short Name LTM LTM LTM LTM MRQ MRQ MRQ MRQ
- ----------------------------------------- -------------------------------------------------------------------------------------
NBCP Niagara Bancorp Inc. (MHC) 7,859 11,721 NA NA (354) 3,969 NA NA
NBN Northeast Bancorp 2,404 2,213 0.79 0.86 745 718 0.27 0.26
NBSI North Bancshares Inc. 453 410 0.30 0.33 66 53 0.05 0.04
NEIB Northeast Indiana Bancorp 2,308 2,308 1.42 1.42 587 587 0.38 0.38
NEP Northeast PA Financial Corp. -1,453 2,093 NA NA 991 982 NA NA
NHTB New Hampshire Thrift Bncshrs 2,890 2,694 1.27 1.36 749 684 0.35 0.32
NMSB NewMil Bancorp Inc. 2,989 2,347 0.58 0.74 833 169 0.21 0.04
NSLB NS&L Bancorp Inc. 415 403 0.65 0.67 147 135 0.23 0.21
NSSY NSS Bancorp Inc. 5,967 4,828 1.90 2.34 1,158 1,061 0.46 0.42
NTBK Net.B@nk Inc. 761 755 0.03 0.03 3,269 3,294 0.51 0.51
NTMG Nutmeg Federal S&LA 1,100 684 0.26 0.55 326 235 0.18 0.13
NWEQ Northwest Equity Corp. 1,190 1,106 1.38 1.48 322 297 0.39 0.36
NWSB Northwest Bancorp Inc. (MHC) 21,322 20,587 0.43 0.45 5,825 5,149 0.12 0.11
OCFC Ocean Financial Corp. 13,731 13,707 0.96 0.96 3,202 3,095 0.23 0.22
OCN Ocwen Financial Corp. 27,546 6,918 0.13 0.46 (37,899) (9,418) (0.62) (0.15)
OFCP Ottawa Financial Corp. 7,907 7,054 1.14 1.27 2,227 1,866 0.36 0.30
OHSL OHSL Financial Corp. 2,075 1,912 0.79 0.85 546 499 0.22 0.20
OSFS Ohio State Financial Services 340 340 NA NA 80 80 NA NA
OTFC Oregon Trail Financial Corp. 3,157 3,157 NA NA 776 776 0.18 0.18
PBCI Pamrapo Bancorp Inc. 4,693 4,532 1.60 1.66 1,040 1,040 0.37 0.37
PBCT People's Bank (MHC) 102,600 54,565 0.88 1.65 28,700 14,855 0.45 0.23
PBHC Pathfinder Bancorp Inc. (MHC) 1,459 1,133 0.40 0.51 351 324 0.12 0.11
PBKB People's Bancshares Inc. 5,515 2,203 0.66 1.64 1,528 498 0.45 0.15
PBOC PBOC Holdings Inc. NA NA NA NA (6,446) (6,446) (0.57) (0.57)
PCBC Perry County Financial Corp. 833 827 1.07 1.07 206 203 0.26 0.26
PDB Piedmont Bancorp Inc. 1,643 1,590 0.59 0.61 419 377 0.15 0.13
PEDE Great Pee Dee Bancorp 905 1,035 NA NA 306 306 0.14 0.14
PEEK Peekskill Financial Corp. 1,854 1,896 0.67 0.66 461 461 0.17 0.17
PERM Permanent Bancorp Inc. 2,634 2,495 0.58 0.61 627 568 0.14 0.13
PFDC Peoples Bancorp 4,282 4,282 1.26 1.26 1,006 1,006 0.30 0.30
PFED Park Bancorp Inc. 1,692 1,722 0.78 0.76 531 530 0.24 0.24
PFFB PFF Bancorp Inc. 16,624 15,346 0.93 1.01 4,327 4,053 0.28 0.26
PFFC Peoples Financial Corp. 886 496 0.37 0.64 188 129 0.14 0.10
PFNC Progress Financial Corp. 3,998 3,506 0.73 0.83 1,121 1,009 0.21 0.19
PFSB PennFed Financial Services Inc 11,198 10,855 1.12 1.16 2,722 2,721 0.28 0.28
PFSL Pocahontas Bancorp Inc. 2,706 2,688 NA NA 931 951 NA NA
PHBK Peoples Heritage Finl Group 73,953 95,106 1.30 1.08 8,310 30,718 0.09 0.33
PHFC Pittsburgh Home Financial Corp 2,146 1,922 1.04 1.16 495 494 0.27 0.27
PHSB Peoples Home Savings Bk (MHC) 1,749 1,612 NA NA 374 356 0.14 0.13
PLSK Pulaski Savings Bank (MHC) 999 1,062 0.52 0.49 162 243 0.08 0.12
PRBC Prestige Bancorp Inc. 704 680 0.69 0.72 195 185 0.20 0.19
PROV Provident Financial Holdings 5,020 2,101 0.46 1.11 1,199 279 0.27 0.06
PSBI PSB Bancorp Inc. 724 475 NA NA 170 13 NA NA
PSFC Peoples-Sidney Financial Corp. 1,233 1,233 0.74 0.74 225 225 0.14 0.14
PSFI PS Financial Inc. 845 1,456 0.68 0.46 358 348 0.19 0.18
PTRS Potters Financial Corp. 946 847 0.88 0.97 266 214 0.27 0.22
PULB Pulaski Bank, FSB (MHC) 1,969 1,586 0.75 0.92 499 367 0.23 0.17
PULS Pulse Bancorp 5,562 5,562 1.72 1.72 1,403 1,403 0.43 0.43
PVFC PVF Capital Corp. 4,928 4,613 1.12 1.20 1,032 964 0.25 0.23
PVSA Parkvale Financial Corp. 11,118 11,119 2.10 2.10 2,879 2,881 0.54 0.54
PWBK Pennwood Bancorp Inc. 279 250 0.37 0.41 10 10 0.02 0.02
QCBC Quaker City Bancorp Inc. 6,610 6,496 1.12 1.14 1,803 1,781 0.31 0.31
QCFB QCF Bancorp Inc. 2,653 2,580 2.24 2.30 677 635 0.60 0.56
QCSB Queens County Bancorp Inc. 23,668 23,314 1.14 1.15 6,623 6,627 0.32 0.32
RARB Raritan Bancorp Inc. 3,985 3,972 1.57 1.57 1,026 1,021 0.40 0.40
RCBK Richmond County Financial Corp 4,526 17,228 NA NA 5,473 5,467 0.22 0.22
RELI Reliance Bancshares Inc. 572 554 0.23 0.24 133 114 0.05 0.04
RELY Reliance Bancorp Inc. 18,729 17,768 1.89 1.99 4,443 4,443 0.46 0.46
RIVR River Valley Bancorp 1,276 1,126 1.02 1.15 313 293 0.28 0.26
ROSE TR Financial Corp. 39,047 33,319 1.89 2.22 10,764 8,575 0.62 0.49
RSLN Roslyn Bancorp Inc. 46,089 43,785 1.12 1.18 12,303 11,635 0.32 0.30
RVSB Riverview Bancorp Inc. 4,436 4,219 NA NA 1,257 1,200 0.21 0.20
SBAN SouthBanc Shares Inc. 2,677 2,828 NA NA 1,206 1,206 NA NA
SBFL Finger Lakes Financial (MHC) 995 767 0.22 0.28 276 197 0.08 0.06
70
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
Income
-------------------------------------------------------------------------------------
Net Income Core Income Core EPS EPS Net Income Core Income Core EPS EPS
Ticker Short Name LTM LTM LTM LTM MRQ MRQ MRQ MRQ
- ----------------------------------------- -------------------------------------------------------------------------------------
SBOS Boston Bancorp (The) 37,152 18,104 3.40 6.98 14,315 5,073 2.69 0.95
SCBS Southern Community Bancshares 862 867 0.91 0.90 275 275 0.29 0.29
SCCB S. Carolina Community Bancshrs 408 408 0.68 0.68 122 122 0.22 0.22
SFED SFS Bancorp Inc. 1,143 1,107 0.97 1.00 298 298 0.26 0.26
SFFC StateFed Financial Corp. 1,017 1,018 0.66 0.66 252 253 0.16 0.16
SFIN Statewide Financial Corp. 5,330 5,086 1.20 1.26 1,214 1,015 0.29 0.24
SFSL Security First Corp. 9,773 9,751 1.16 1.16 2,652 2,624 0.31 0.31
SGVB SGV Bancorp Inc. 1,487 1,458 0.59 0.60 431 432 0.17 0.17
SHSB SHS Bancorp Inc. 662 618 NA NA 203 163 0.27 0.22
SIB Staten Island Bancorp Inc. 25,128 40,980 NA NA 10,943 10,846 0.27 0.27
SISB SIS Bancorp Inc. 12,063 14,964 2.29 1.84 4,225 3,984 0.60 0.57
SKAN Skaneateles Bancorp Inc. 1,578 1,539 1.04 1.06 418 403 0.28 0.27
SKBO First Carnegie Deposit (MHC) 826 663 0.30 0.37 96 93 0.04 0.04
SMBC Southern Missouri Bancorp Inc. 1,064 1,110 0.70 0.67 251 349 0.16 0.22
SOBI Sobieski Bancorp Inc. 544 531 0.73 0.75 168 160 0.24 0.23
SOPN First Savings Bancorp Inc. 5,258 5,258 1.30 1.30 1,330 1,330 0.33 0.33
SPBC St. Paul Bancorp Inc. 49,481 47,665 1.38 1.42 12,516 11,661 0.36 0.34
SRN Southern Banc Co. 543 543 0.49 0.49 147 147 0.14 0.14
SSB Scotland Bancorp Inc. 842 840 0.50 0.50 139 139 0.08 0.08
SSFC South Street Financial Corp. 1,257 1,230 NA 0.30 234 234 0.06 0.06
SSM Stone Street Bancorp Inc. 1,512 1,512 0.80 0.80 301 301 0.16 0.16
STFR St. Francis Capital Corp. 14,044 11,277 2.16 2.68 3,554 2,983 0.69 0.58
STSA Sterling Financial Corp. 6,794 9,464 1.25 0.88 (959) 2,579 (0.13) 0.35
SVRN Sovereign Bancorp Inc. 90,829 115,113 0.83 0.60 40,946 34,640 0.27 0.23
SWCB Sandwich Bancorp Inc. 5,008 4,704 2.32 2.47 1,162 1,067 0.56 0.51
SZB SouthFirst Bancshares Inc. 642 569 0.66 0.73 92 60 0.10 0.07
TBFC Telebanc Financial Corp. 2,760 554 NA 0.40 179 (351) -- NA
THR Three Rivers Financial Corp. 822 739 0.96 1.07 207 181 0.28 0.24
THRD TF Financial Corp. 4,427 3,589 1.03 1.25 989 782 0.30 0.24
THTL Thistle Group Holdings Co. NA NA NA NA 441 441 NA NA
TRIC Tri-County Bancorp Inc. 888 907 0.74 0.72 227 215 0.18 0.17
TSBK Timberland Bancorp Inc. 4,448 4,169 NA NA 1,451 1,395 0.24 0.23
TSBS Peoples Bancorp Inc. 8,434 7,313 NA NA 3,499 3,467 NA NA
TSH Teche Holding Co. 3,853 3,783 1.15 1.17 1,014 979 0.31 0.30
TWIN Twin City Bancorp 1,108 900 0.72 0.89 258 223 0.21 0.18
UBMT United Financial Corp. 1,474 1,521 NA 0.67 574 562 0.34 0.33
UCBC Union Community Bancorp NA NA NA NA 471 471 0.16 0.16
UCFC United Community Finl Corp. NA NA NA NA 3,462 3,306 NA NA
UFBS Union Financial Bcshs Inc. 1,547 1,237 0.93 1.17 406 316 0.30 0.23
UFRM United Federal Savings Bank 1,854 1,554 0.48 0.57 533 503 0.16 0.15
UPFC United PanAm Financial Corp. NA NA NA NA 4,213 (7,028) 0.26 (0.43)
USAB USABancshares Inc. 523 638 0.22 0.10 495 489 0.22 0.22
UTBI United Tennessee Bankshares 1,030 1,030 NA NA 295 295 0.20 0.20
WAMU Washington Mutual Inc. 628,688 905,500 2.39 1.64 261,271 252,270 0.69 0.67
WAYN Wayne Savings Bancshares (MHC) 1,822 1,646 0.65 0.72 477 419 0.19 0.17
WBST Webster Financial Corp. 49,428 55,414 1.84 1.67 9,400 14,647 0.24 0.37
WCBI Westco Bancorp Inc. 4,711 4,424 1.66 1.76 1,058 1,122 0.40 0.42
WCFB Webster City Federal SB (MHC) 1,332 1,332 0.64 0.64 328 328 0.16 0.16
WEBK West Essex Bancorp (MHC) NA NA NA NA 511 511 NA NA
WEFC Wells Financial Corp. 2,401 2,236 1.16 1.26 622 553 0.33 0.29
WEHO Westwood Homestead Fin. Corp. 919 1,200 NA 0.38 416 228 0.18 0.10
WES Westcorp 7,422 -32,682 -1.19 0.28 618 (9,270) 0.02 (0.30)
WFI Winton Financial Corp. 3,901 2,997 0.72 0.94 1,060 807 0.25 0.19
WFSL Washington Federal Inc. 111,026 108,058 2.04 2.10 28,452 27,391 0.54 0.52
WHGB WHG Bancshares Corp. 634 644 0.49 0.48 197 197 0.15 0.15
WOFC Western Ohio Financial Corp. 265 233 0.13 0.13 470 317 0.21 0.14
WRNB Warren Bancorp Inc. 6,294 5,633 0.71 0.79 1,619 1,451 0.20 0.18
WSB Washington Savings Bank, FSB 1,957 1,335 0.30 0.43 410 343 0.09 0.08
WSBI Warwick Community Bancorp 1,861 3,158 NA NA 1,229 1,461 0.20 0.24
WSFS WSFS Financial Corp. 17,039 16,406 1.31 1.35 4,456 4,282 0.35 0.34
WSTR WesterFed Financial Corp. 7,260 7,258 1.29 1.29 1,993 1,764 0.35 0.31
WVFC WVS Financial Corp. 3,492 3,765 1.06 0.98 687 960 0.19 0.27
WYNE Wayne Bancorp Inc. 1,873 1,812 0.97 1.00 553 491 0.30 0.27
YFCB Yonkers Financial Corp. 2,967 2,693 0.97 1.08 727 549 0.27 0.20
71
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
Income
-------------------------------------------------------------------------------------
Net Income Core Income Core EPS EPS Net Income Core Income Core EPS EPS
Ticker Short Name LTM LTM LTM LTM MRQ MRQ MRQ MRQ
- ----------------------------------------- -------------------------------------------------------------------------------------
YFED York Financial Corp. 10,015 7,906 0.84 1.06 2,435 1,964 0.26 0.21
- ----------------------------------------- -------------------------------------------------------------------------------------
Average 11,510 11,529 1.01 1.09 3,057 2,744 0.27 0.24
72
EXHIBIT 5
SELECTED DATA ON ALL PUBLIC THRIFTS
Income
-------------------------------------------------------------------------------------
Net Income Core Income Core EPS EPS Net Income Core Income Core EPS EPS
Ticker Short Name LTM LTM LTM LTM MRQ MRQ MRQ MRQ
- ----------------------------------------- -------------------------------------------------------------------------------------
Comparable Thrift Data
ANDB Andover Bancorp Inc. 15,768 15,382 2.29 2.35 5,250 5,125 0.78 0.76
EBSI Eagle Bancshares 8,630 8,414 1.43 1.47 2,980 2,711 0.50 0.45
FAB FIRSTFED AMERICA BANCORP INC. 6,867 5,569 0.70 0.86 1,694 1,400 0.22 0.18
FNGB First Northern Capital Corp. 6,551 6,060 0.67 0.72 1,730 1,562 0.19 0.17
FWWB First Washington Bancorp Inc. 13,425 12,319 1.16 1.27 3,548 3,205 0.32 0.29
KFBI Klamath First Bancorp 8,959 8,836 0.92 0.93 2,491 2,368 0.26 0.25
MDBK Medford Bancorp Inc. 11,953 11,358 1.19 1.26 3,238 2,885 0.34 0.30
MECH MECH Financial Inc. 8,603 8,533 1.61 1.62 2,526 2,513 0.47 0.47
WSTR WesterFed Financial Corp. 7,260 7,258 1.29 1.29 1,993 1,764 0.35 0.31
YFED York Financial Corp. 10,015 7,906 0.84 1.06 2,435 1,964 0.26 0.21
- ----------------------------------------- -----------------------------------------------------------------------------------
Average 9,803 9,164 1.21 1.28 2,789 2,550 0.37 0.34
Median 8,795 8,474 1.18 1.27 2,509 2,441 0.33 0.30
Maximum 15,768 15,382 2.29 2.35 5,250 5,125 0.78 0.76
Minimum 6,551 5,569 0.67 0.72 1,694 1,400 0.19 0.17
COMMUNITY SAVINGS BANKSHARES, INC. NA NA NA NA NA NA NA NA
VARIANCE TO THE COMPARABLE MEDIAN NA NA NA NA NA NA NA NA
73
EXHIBIT 6
WAIVED DIVIDEND CALCULATION PER OTS
ACTUAL ALLOWABLE ALLOWABLE ACTUAL ACTUAL
DATE NET INCOME PERCENT WAIVED DIVIDENDS DIVIDEND/SHARE WAIVED DIVIDENDS WAIVED EXCESS
- ---- ---------- --------- ---------------- -------------- ---------------- -------------
Dec-1994 $ 1,066 37.67% $ 402 $0.1125 $ 295 $ 0
Mar-1995 $ 988 37.67% $ 372 $0.1500 $ 393 $ 21
Jun-1995 $ 1,372 37.67% $ 517 $0.1500 $ 393 $ 0
Sep-1995 $ 1,148 37.67% $ 432 $0.1750 $ 459 $ 27
Dec-1995 $ 1,050 37.67% $ 396 $0.1750 $ 459 $ 63
Mar-1996 $ 1,268 37.67% $ 478 $0.1750 $ 459 $ 0
Jun-1996 $ 1,783 37.67% $ 672 $0.2000 $ 524 $ 0
Sep-1996 $ 1,949 37.67% $ 734 $0.2000 $ 524 $ 0
Dec-1996 $ 1,160 37.67% $ 437 $0.2000 $ 524 $ 87
Mar-1997 $ 1,351 37.67% $ 509 $0.2250 $ 590 $ 81
Jun-1997 $ 1,383 37.67% $ 521 $0.2250 $ 590 $ 69
Sep-1997 $ 1,549 37.67% $ 584 $0.2250 $ 590 $ 6
Dec-1997 $ 1,073 37.67% $ 404 $0.2250 $ 590 $186
Mar-1998 $ 1,232 37.67% $ 464 $0.2250 $ 590 $126
Jun-1998 $ 1,279 37.67% $ 482 $0.2250 $ 590 $108
Sep-1998 $ 1,279 37.67% $ 482 $0.2250 $ 590 $108
------- ----
Total $20,930 $7,886 $ 8,160 $883
September 1996 is adjusted for SAIF.
Contribution to Dilution:
Excess Waived Dividend $ 883
Divided by Equity @ June 30, 1998 $83,078
Equals Dilution 1.06%
Times Minority Ownership 48.66%
Equals Ownership Dilution 0.52%
Remaining Diluted Minority Ownership 48.14%
74
EXHIBIT 7
Ownership Computation
Aggregate Waived Dividends $ 883,000 Use in Computation
Stockholders' Equity @ 06/30/98 $ 83,078,000 $200,000 Other assets at Holding Company
Current Ownership 48.66% 2,483,816 16.27716518 $ 0 Options included in footnote computation
MHC Ownership @ 06/30/98 51.34% 2,620,144
-------------
Total at 06/30/98 5,103,960
-------------
PCT= Stockholders' Equity @ 06/30/98-Aggregate Excess Waived)*Current Owner times Appraised Value-Other Assets at Holding Company
---------------------------------------------------------------------- -----------------------------------------------
Stockholders' Equity @ 06/30/98 Appraised Value of Holding Company
PCT= 48.15% times 99.98%
PCT= 48.14%
75
EXHIBIT 8
COMMUNITY SAVINGS BANKSHARES, INC.
PRO-FORMA ANALYSIS SHEET - TWELVE MONTHS ENDED
JUNE 30, 1998
INCLUDES SOP 93-6
---------------------------------------------------------------------------------
Bank Comparables State National
---------------------------------------------------------------------------------
Mean Median Mean Median Mean Median
---- ------ ---- ------ ---- ------
Min 14.49
Price-Earnings Ratio P/E Mid 16.67 17.47 17.76 26.22 24.05 20.85 17.73
- ------------------------ Max 18.52
Smax 20.83
Min 75.24%
Price-to-Book Ratio P/B Mid 83.54% 148.75% 155.30% 173.46% 165.33% 150.25% 133.33%
- ----------------------- Max 90.83%
Smax 98.52%
Min 75.24%
Price-to-Tangible Book Ratio P/TB Mid 83.54% 154.38% 157.44% 183.92% 172.53% 156.31% 136.35%
- --------------------------------- Max 90.83%
Smax 98.52%
Min 11.64%
Price-to-Assets Ratio P/A Mid 13.56% 14.95% 15.62% 16.73% 12.08% 18.10% 16.71%
- ------------------------- Max 15.46%
Smax 17.59%
Page 1
76
EXHIBIT 8
Valuation Parameters
- -----------------------------------------------------------------------------------------------------
Prior Twelve Mos. Earning Base Y
Period Ended June 30, 1998 $ 5,132(1)
- -----------------------------------------------------------------------------------------------------
Pre-Conversion Book Value B
As of June 30, 1998 $ 83,078
- -----------------------------------------------------------------------------------------------------
Pre-Conversion Assets A
As of June 30, 1998 $765,488
- -----------------------------------------------------------------------------------------------------
Return on Money R 3.37%(2)
- -----------------------------------------------------------------------------------------------------
Conversion Expenses $ 1,456
X 1.32%(3)
- -----------------------------------------------------------------------------------------------------
Proceeds Not Invested $ 6,877 (4)
- -----------------------------------------------------------------------------------------------------
Estimated ESOP Borrowings $ 4,585
ESOP Purchases E 8.00%(5)
Cost of ESOP Borrowings $ 306 (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 $ 2,292 (6)
MRP Purchases M 4.00%
MRP Expense $ 458
- -----------------------------------------------------------------------------------------------------
Foundation Amount $ 0 (7)
Foundation Amount F 0.00% 0.00%
Foundation Opportunity Cost $ 0
Tax Benefit Z $ 0 (8)
- -----------------------------------------------------------------------------------------------------
Tax Rate TAX 37.65%
- -----------------------------------------------------------------------------------------------------
Percentage Sold PCT 51.86%
- -----------------------------------------------------------------------------------------------------
Amount to be issued to Public $ 57,307 (9)
- -----------------------------------------------------------------------------------------------------
Earnings Multiple (1 if stub period, 0 if full twelve months) 12 0
- -----------------------------------------------------------------------------------------------------
(1) Net income for the twelve months ended June 30, 1998.
(2) Net Return assumes a reinvestment rate of 5.41 percent (the 1 year Treasury
at June 30, 1998), and a tax rate of 38%.
(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 15 years.
(6) Assumes MRP is amortized straight line over 5 years.
(7) Not applicable.
(8) Not Applicable.
(9) The amount to be offered to public.
Page 2
77
EXHIBIT 8
PRO FORMA CALCULATION
Calculation of Estimated Value (V) at Midpoint Value
3. V= P/E*Y = $110,500,000
1-P/E*PCT*((1-X-E-M-F)*R-(1-TAX)*E/T-(1-TAX)*M/N)
2. V= P/B*(B+Z) = $110,500,000
1-P/B*PCT*(1-X-E-M-F)
1. V= P/A*A = $110,500,000
1-P/A*PCT*(1-X-E-M-F)
The appraisal was performed on a market basis and not on the above formulas.
Total Shares Price Total
Conclusion Shares Per Share Value
- ---------- ------ --------- -----
Appraised Value - Midpoint 11,050,000 $ 10 $110,500,000
Range:
- Minimum 9,392,500 $ 10 93,925,000
- Maximum 12,707,500 10 127,075,000
- Super Maximum 14,613,625 10 146,136,250
PRE FOUNDATION
-------------------------------------------------------------------------
Appraised Value
-------------------------------------------------------------------------
Conclusion Minimum Midpoint Maximum SuperMaximum *
-------------------------------------------------------------------------
Total Shares 9,392,500 11,050,000 12,707,500 14,613,625
Price per Share $ 10 $ 10 $ 10 $ 10
Full Conversion Value $93,925,000 $110,500,000 $127,075,000 $146,136,250
Exchange Shares 4,521,291 5,319,341 6,117,143 7,034,664
Exchange Percent 48.14% 48.14% 48.14% 48.14%
Conversion Shares 4,871,209 5,730,659 6,590,357 7,578,961
Conversion Percent 51.86% 51.86% 51.86% 51.86%
Gross Proceeds $48,712,090 $ 57,306,590 $ 65,903,570 $ 75,789,610
Exchange Value $45,212,910 $ 53,193,410 $ 61,171,430 $ 70,346,640
Exchange Ratio 1.8203 2.1416 2.4628 2.8322
-------------------------------------------------------------------------
* SuperMaximum is an overallotment option that is 15% above the maximum amount.
Page 3
78
EXHIBIT 8
PROFORMA EFFECT OF CONVERSION PROCEEDS
AS OF JUNE 30, 1998
(DOLLARS IN THOUSANDS)
- -------------------------------------- --------------------------------------------------------------------------------------
Conversion Proceeds Minimum Midpoint Maximum SuperMax
- -------------------------------------- --------------------------------------------------------------------------------------
Total Shares Offered 9,392,500 11,050,000 12,707,500 14,613,625
Conversion Shares Offered 4,871,209 5,730,659 6,590,357 7,578,961
Price Per Share $ 10 $ 10 $ 10 $ 10
--------------------------------------------------------------------------------------
Gross Proceeds $ 48,712 $ 57,307 $ 65,904 $ 75,790
Plus: Value issued to Foundation (9) - - - -
--------------------------------------------------------------------------------------
Pro Forma Market Capitalization 48,712 57,307 65,904 75,790
======================================================================================
Gross Proceeds 48,712 57,307 65,904 75,790
Less: Est. Conversion Expenses 1,396 1,456 1,516 1,583
Less: Cash issued to Foundation - - - -
--------------------------------------------------------------------------------------
Net Proceeds $ 47,316 $ 55,851 $ 64,388 $ 74,207
- ----------------------------------- ======================================================================================
Estimated Income from Proceeds
- -----------------------------------
Net Conversion Proceeds $ 47,316 $ 55,851 $ 64,388 $ 74,207
Less: ESOP Adjustment (3) 3,897 4,585 5,272 6,063
Less: MRP Adjustment (3) 1,948 2,292 2,636 3,032
--------------------------------------------------------------------------------------
Net Proceeds Reinvested $ 41,471 $ 48,974 $ 56,480 $ 65,112
Estimated Incremental Rate of Return 3.37% 3.37% 3.37% 3.37%
--------------------------------------------------------------------------------------
Estimated Incremental Return $ 1,398 $ 1,650 $ 1,903 $ 2,194
Less: Cost of ESOP (4) - - - -
Less: Amortization of ESOP (7) 162 191 219 252
Less: MRP Adjustment (7) 243 286 329 378
--------------------------------------------------------------------------------------
Pro-forma Net Income 993 1,173 1,355 1,564
Earnings Before Conversion 5,132 5,132 5,132 5,132
--------------------------------------------------------------------------------------
Earnings Excluding Adjustment 6,125 6,305 6,487 6,696
Earnings Adjustment (6) - - - -
--------------------------------------------------------------------------------------
Earnings After Conversion $ 6,125 $ 6,305 $ 6,487 $ 6,696
--------------------------------------------------------------------------------------
Page 4
79
EXHIBIT 8
Proforma Effect of Conversion Proceeds
As of June 30, 1998
(Dollars in Thousands)
Minimum Midpoint Maximum SuperMax
------------------------------------------------------------------
- ------------------------------------
Pro-forma Net Worth
- ------------------------------------
Net Worth at June 30, 1998 $ 83,078 $ 83,078 $ 83,078 $ 83,078
Net Conversion Proceeds 47,316 55,851 64,388 74,207
Plus: MHC Adjustment (7) 200 200 200 200
Plus: After tax Foundation Contribution -- -- -- --
Less: ESOP Adjustment (1) (3,897) (4,585) (5,272) (6,063)
Less: MRP Adjustment (2) (1,948) (2,292) (2,636) (3,032)
-------------------------------------------------------------------
Pro-forma Net Worth $ 124,749 $ 132,252 $ 139,758 $ 148,390
- ------------------------------------
Pro-forma Tangible Net Worth
- ------------------------------------
Pro-forma Net Worth $ 124,749 $ 132,252 $ 139,758 $ 148,390
Less: Intangible (5) -- -- -- --
-------------------------------------------------------------------
Pro-forma Tangible Net Worth $ 124,749 $ 132,252 $ 139,758 $ 148,390
- ------------------------------------
Pro-forma Assets
- ------------------------------------
Total Assets at June 30, 1998 $ 765,488 $ 765,488 $ 765,488 $ 765,488
Net Conversion Proceeds 47,316 55,851 64,388 74,207
Plus: MHC Adjustment (7) 200 200 200 200
Plus: Tax Benefit of Foundation -- -- -- --
Less: ESOP Adjustment (1) (3,897) (4,585) (5,272) (6,063)
Less: MRP Adjustment (2) (1,948) (2,292) (2,636) (3,032)
-------------------------------------------------------------------
Pro-forma Assets Excluding Adjustment 807,159 814,662 822,168 830,800
Plus: Adjustment (6) -- -- -- --
-------------------------------------------------------------------
Pro-forma Total Assets $ 807,159 $ 814,662 $ 822,168 $ 830,800
-------------------------------------------------------------------
- ------------------------------------
Stockholder's Equity Per Share
- ------------------------------------
Net Worth at June 30, 1998 $ 8.85 $ 7.52 $ 6.54 $ 5.68
Estimated Net Proceeds 5.04 5.05 5.07 5.08
Plus: MHC Adjustment 0.02 0.02 0.02 0.01
Plus: Foundation Contribution -- -- -- --
Less: ESOP Stock (0.41) (0.41) (0.41) (0.41)
Less: MRP Stock (0.21) (0.21) (0.21) (0.21)
-------------------------------------------------------------------
Pro-forma Net Worth Per Share 13.29 11.97 11.01 10.15
Less: Intangible -- -- -- --
-------------------------------------------------------------------
Pro-forma Tangible Net Worth Per Share $ 13.29 $ 11.97 $ 11.01 $ 10.15
-------------------------------------------------------------------
Page 5
80
EXHIBIT 8
Proforma Effect of Conversion Proceeds
As of June 30, 1998
(Dollars in Thousands)
-------------------------------------------------------------------
Minimum Midpoint Maximum SuperMax
-------------------------------------------------------------------
- ------------------------------------
Net Earnings Per Share
- ------------------------------------
Historical Earnings Per Share (8) $ 0.58 $ 0.49 $ 0.43 $ 0.37
Incremental return Per Share (8) 0.16 0.16 0.16 0.16
ESOP Adjustment Per Share (8) (0.02) (0.02) (0.02) (0.02)
MRP Adjustment Per Share (8) (0.03) (0.03) (0.03) (0.03)
Normalizing Adjustment Per Share -- -- -- --
-------------------------------------------------------------------
Proforma Earnings Per Share (8) $ 0.69 $ 0.60 $ 0.54 $ 0.48
- ------------------------------------ ===================================================================
Shares Utilized
- ------------------------------------
Shares Utilized 8,925 10,498 12,074 13,885
- ------------------------------------ -------------------------------------------------------------------
Pro-forma Ratios
- ------------------------------------
Price/EPS without Adjustment 14.49 16.67 18.52 20.83
Price/EPS with Adjustment 14.49 16.67 18.52 20.83
Price/Book Value per Share 75.24% 83.54% 90.83% 98.52%
Price/Tangible Book Value 75.24% 83.54% 90.83% 98.52%
Market Value/Assets 11.64% 13.56% 15.46% 17.59%
-------------------------------------------------------------------
(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) The ESOP loan is from the Holding Company and therefore, there are no
costs.
(5) Not applicable.
(6) Not applicable.
(7) ESOP and MRP are amortized over 15 and 5 years respectively, and tax
impacted at 37.65%.
(8) All EPS computations are done in accordance with SOP 93-6.
(9) Not applicable.
Page 6
81
- -------------------------------
Expense Calculations
- -------------------------------
Total Shares Offered 4,871 5,731 6,590 7,579
Price Per Share $ 10 $ 10 $ 10 $ 10
--------------------------------------------------
Gross Proceeds $ 48,712 $ 57,307 $ 65,904 $ 75,790
Estimated Insider Purchases (216) (216) (216) (216)
ESOP Purchases (3,897) (4,585) (5,272) (6,063)
--------------------------------------------------
Proceeds to Base Fee On $ 44,599 $ 52,506 $ 60,416 $ 69,511
Underwriters Percentage 0.75% 0.75% 0.75% 0.75%
--------------------------------------------------
Underwriters Fee $ 334 $ 394 $ 454 $ 521
Advisory Fee -- -- -- --
--------------------------------------------------
Total Underwriters Fee 334 394 454 521
All Other Expenses 1,062 1,062 1,062 1,062
--------------------------------------------------
Total Expense $ 1,396 $ 1,456 $ 1,516 $ 1,583
- -------------------------------
Shares Calculations Mipoint Calculation
- ------------------------------- -------------------
Shares Outstanding 9,393 11,050 12,708 14,614 BV/Share ESOP 12/97 98,450
Less: New ESOP Adjustment 390 459 527 606 - 2 Qtrs Amort 13,600
Less: Old ESOP Adjustment (1) 154 182 209 240 x Exch Ratio 2.5196
-----------
Plus: New SOP 93-6 ESOP Shares (2) 26 31 35 40 = 213,788
===========
Plus: Old SOP 93-6 ESOP Shares (2) 50 58 67 77 Beg ESOP 190,388
--------------------------------------------------
Shares for all EPS Calculations 8,925 10,498 12,074 13,885 EPS Amort Yrs 7
==================================================
Yearly Amort 27,198
x Exch Ratio 2.5196
Post Foundation -----------
---------------------------------------------------- = 68,529
Appraised Value ===========
----------------------------------------------------
Conclusion Minimum Midpoint Maximum SuperMaximum
----------------------------------------------------
Shares Issued and Exchanged 9,392,500 11,050,000 12,707,500 14,613,625
Price per Share $ 10 $ 10 $ 10 $ 10
Shares Issued to Foundation -- -- -- --
Total Shares 9,392,500 11,050,000 12,707,500 14,613,625
Exchange Shares 4,521,291 5,319,341 6,117,143 7,034,664
Conversion Shares 4,871,209 5,730,659 6,590,357 7,578,961
Implied Exchange Ratio 1.8203 2.1416 2.4628 2.8322
Gross Proceeds $48,712,090 $57,306,590 $65,903,570 $75,789,610
Exchange Value $45,212,910 $53,193,410 $61,171,430 $70,346,640
----------------------------------------------------
Page 7
82
EXHIBIT 8
- ------------------------------------
MRP Dilution
- --------------------------------------------------------------------------------------------------------------
Shares Outstanding 9,392,500 11,050,000 12,707,500 14,613,625
Less: New ESOP Adjustment 389,697 458,453 527,229 606,317
Less: Old ESOP Adjustment 154,000 182,000 209,000 240,000
Plus: New MRP issued (1) 194,848 229,226 263,614 303,158
Plus: New SOP 93-6 ESOP Shares (2) 25,980 30,564 35,149 40,421
Plus: Old SOP 93-6 ESOP Shares 50,000 58,000 67,000 77,000
(2)
Shares for all EPS Calculations 9,119,632 10,727,338 12,337,035 14,187,888
EPS $ 0.68 $ 0.59 $ 0.53 $ 0.48
BV/Share $ 13.01 $ 11.73 $ 10.77 $ 9.95
Voting Dilution 2.19% 2.18% 2.18% 2.18%
- --------------------------------------------------------------------------------------------------------------
- ------------------------------------
Option Dilution
- --------------------------------------------------------------------------------------------------------------
Shares Outstanding 9,392,500 11,050,000 12,707,500 14,613,625
Less: New ESOP Adjustment 389,697 458,453 527,229 606,317
Less: Old ESOP Adjustment 154,000 182,000 209,000 240,000
Plus: Options (1) 487,121 573,066 659,036 757,896
Plus: New SOP 93-6 ESOP Shares (2) 25,980 30,564 35,149 40,421
Plus: Old SOP 93-6 ESOP Shares 50,000 58,000 67,000 77,000
(2)
Shares for all EPS Calculations 9,411,904 11,071,177 12,732,456 14,642,625
EPS $ 0.65 $ 0.57 $ 0.51 $ 0.46
BV/Share $ 13.12 $ 11.87 $ 10.95 $ 10.15
Voting Dilution 5.46% 5.46% 5.46% 5.46%
- --------------------------------------------------------------------------------------------------------------
Page 8