Exhibit(b)(2)
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Mississippi View
Holding Company
Modified Dutch Auction
Fairness Opinion
April 9, 1998
FinPro, Inc.
26 Church Street
PO Box 323
Liberty Corner, NJ 07938
(908) 604-9336
(908) 604-5951
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TABLE OF CONTENTS
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1. Introduction......................................................2
2. Methodology.......................................................4
A. Net Asset Value..........................................4
B. Market Value.............................................4
C. Investment Value.........................................7
3. Market Value.......................................................10
A. Comparable Trading Multiples.............................10
Comparable Selection.....................................11
Selection Screens........................................11
Comparable Group Profiles................................14
Valuation Adjustments....................................20
Summary of Adjustments...................................32
Market for Seasoned Thrifts..............................33
Market Multiples.........................................35
Imputed Value............................................36
B. Comparable Sales.........................................37
Local Acquisitions of Similar Size.......................42
Minority Interest Discount...............................43
Marketability Discount...................................44
Imputed Value............................................45
4. Investment Value..................................................46
A. Net Present Value........................................46
B. Return on Investment.....................................48
C. Price Equity Index.......................................49
5. Conclusion........................................................50
Appendix 1 Economics of the Repurchase...............................51
Appendix 2. List of Exhibits.........................................52
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 2
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1. Introduction
You have requested our opinion, as an independent financial analyst to the
common shareholders of Mississippi View Holding Company (the "Company") and its
wholly owned subsidiary Community Federal Savings and Loan Association of Little
Falls, Little Falls, Minnesota (the "Bank"), as to the fairness, from a
financial point of view to the common shareholders of the Bank, of the terms of
the proposed Tender Offer.
Pursuant to the Tender Offer, the Company will allow its shareholders to tender
shares of its common stock, $.10 par value per share (the "shares") at prices,
net to the seller in cash, not in excess of $21.50 nor less the $19.50 per
share, as specified by shareholders tendering their shares, upon the terms and
subject to the conditions set forth in the related Letter of Transmittal (which
together constitute the "Offer"). The Company will determine the single per
Share price, not in excess of $21.50 nor less that $19.50 per share (the
"purchase price"), that it will pay for shares validly tendered pursurant to the
Offer, taking into account the number of shares so tendered and the prices
specified by tendereing shareholders. The Company will select the lowest
purchase price that will allow it to buy 222,000 shares (or such lesser number
of shares are validly tendered) or approximately 30% of the outstanding shares.
All shares acquired in the Offer will be acquired at the purchares price. All
shares validly tendered at prices at or below the purchase price and not
withdrawn will be purchased at the purchase price, net to the seller in cash,
upon the terms and subject to the terms of the Offer, including the proration
provisions.
As part of its banking analysis business, FinPro, Inc. is continually engaged in
the valuation of bank, bank holding company and thrift securities in connection
with mutual-to-stock conversions, stock repurchases and mergers and acquisitions
nationwide.
In rendering its opinion, FinPro reviewed certain publicly available information
concerning the Company, including it's audited financial statements and annual
reports. FinPro considered many factors in making its evaluation. In arriving at
its Opinion regarding the fairness of the transaction, FinPro reviewed: (i) the
Tender Offer; (ii) the most recent external auditor's reports to the Boards of
Directors; (iii) the December 31, 1997 Report of Condition and Income; (iv) the
most recent regulatory report, compliance report and Community Reinvestment Act
Report; (v) the most recent annual report (10k); (vi) the internal loan
classification list, OREO list and Delinquency list; (vii) details on stock
price performance; (viii) the budget and long range operating plan; and (ix)
details on the ESOP and RRP plans. FinPro conducted an off-site review of the
Company's historical performance and current financial condition.
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Fairness Opinion
Mississippi View Holding Company April 9, 1998
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We have also had discussions with the management of the Bank regarding its
financial results and have analyzed the most current financial data available on
the Bank. We also considered such other information, financial studies, analyses
and investigations, and economic and market criteria which we deemed relevant.
We also considered: (a) a transaction summary of the financial terms of the
Tender Offer, including the aggregate consideration relative to fully diluted
book value, fully diluted earnings, fully diluted assets, and deposit
liabilities of the Bank; (b) the financial terms, financial condition, operating
performance, and market areas of other recently completed mergers and
acquisitions of comparable financial institution entities, including evaluating
Midwest transactions both generally and specifically, along with trading and
financial multiples of comparable institutions; and (c) discounted cash flow
analyses for the Bank, incorporating the current business plan and future
prospects. We also considered the reduced marketability characteristics of the
Bank's Common Stock and the earnings in the future. The results of these
analyses and the other factors considered were evaluated as a whole, with the
aggregate results indicating a range of financial parameters utilized to assess
the consideration as described in the Tender Offer.
We have not independently verified any of the information reviewed by us and
have relied on its being complete and accurate in all material respects. In
addition, we have not made an independent evaluation of the assets of the Bank.
Our valuation is not intended, and must not be construed, to be a recommendation
of any kind as the advisability of tendering shares or retaining shares of
common stock. 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 retain
shares of common stock will thereafter be able to sell such shares at prices
related to the foregoing valuation of the pro-forma market value thereof. FinPro
is not a seller of securities within the meaning of any federal or state
securities laws and any report prepared by FinPro shall not be used as an offer
or solicitation with respect to the purchase or sale of any securities.
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2. Methodology
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A. Net Asset Value
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Net asset value is the value of the net equity of a bank, including every kind
of property and value. This approach normally assumes liquidation on the date of
appraisal with the recognition of securities gains or losses, real estate
appreciation or depreciation, adjustments to the loan loss reserve, discount to
the loan portfolio and changes in the net value of other assets. As such, it is
not the best approach to use when valuing a going concern, because it is based
on historical costs and varying accounting methods. Even if the assets and
liabilities are adjusted to reflect prevailing prices and yields (which is often
of limited accuracy because readily available data is often lacking), it still
results in a liquidation value for the concern. Furthermore, since this method
does not take into account the values attributable to the going concern such as
the interrelationship among the company's assets and liabilities, customer
relations, market presence, image and reputation, and staff expertise and depth,
little weight is given by FinPro to the net asset value method of valuation.
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B. Market Value
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Market value is generally defined as the price, established on an "arms-length"
basis, at which knowledgeable, unrelated buyers and sellers would agree. The
market value is frequently used to determine the price of a minority block of
stock when both the quantity and the quality of the "comparable" data are deemed
sufficient. However, the relative thinness of the specific market for the stock
of the banking company being appraised may result in the need to review
alternative markets for comparative pricing purposes. The "hypothetical" market
value for a small bank with a thin market for its stock is normally determined
by comparison to the average price to earnings, price to equity and dividend
yield of local or regional publicly-traded bank issues, adjusting for
significant differences in financial performance criteria and for any lack of
marketability or liquidity. The market value in connection with the evaluation
of control of a bank is determined by the previous sales of banks in the state
or region. In valuing a business enterprise, when sufficient comparable trading
data is available, the market value deserves greater weight than the net asset
value and similar emphasis as the investment value as discussed below.
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FinPro maintains substantial files concerning the trading prices and acquisition
prices paid for thrifts and banking institutions nationwide. The database
includes transactions involving national thrift organizations, Minnesota thrift
organizations and thrift organizations in the Midwest region of the United
States over the last five years. Organized by different peer groups, the data
presents averages of financial performance, trading levels and purchase price
levels, thereby facilitating a valid comparative pricing analysis. In analyzing
the transaction value of the Company, FinPro has considered the market approach
and has evaluated price to equity and price to earnings multiples of all
national, Minnesota, the Comparable Group and Regional banking organizations
with assets less than $100 million.
COMPARABLE TRADING MULTIPLES
FinPro calculated an "Adjusted Book Value" of $23.06 per share, based on the
Company's fully diluted December 31, 1997 equity and the median price to book
multiple of 136.85% for Comparable savings organizations using trading data as
of April 2, 1998. FinPro calculated an "Adjusted Book Value" of $27.16 per
share, based on the Company's fully diluted December 31, 1997 equity and the
median price to book multiple of 161.16% for national savings organizations
using trading data as of April 2, 1998. FinPro calculated an "Adjusted Book
Value" of $22.55 per share, based on the Company's fully diluted December 31,
1997 equity and the median price to book multiple of 133.81% for Minnesota
savings organizations using trading data as of April 2, 1998. FinPro calculated
an "Adjusted Book Value" of $21.25 per share, based on the Company's fully
diluted December 31, 1997 equity and the median price to book multiple of
126.12% for institutions less than $100 million in asset size using trading data
as of April 2, 1998.
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FinPro calculated an "Adjusted Earnings Value" of $18.01 per share, based on the
Company's fully diluted unadjusted last twelve months earnings ending December
31, 1997 and the median price to earnings multiple of 18.96 for Comparable
savings organizations using trading data as of April 2, 1998. FinPro calculated
an "Adjusted Earnings Value" of $19.77 per share, based on the Company's fully
diluted unadjusted last twelve months earnings ending December 31, 1997 and the
median price to earnings multiple of 20.81 for national savings organizations
using trading data as of April 2, 1998. FinPro calculated an "Adjusted Earnings
Value" of $18.65 per share, based on the Company's fully diluted unadjusted last
twelve months earnings ending December 31, 1997 and the median price to earnings
multiple of 19.63 for Minnesota savings organizations using trading data as of
April 2, 1998. FinPro calculated an "Adjusted Earnings Value" of $21.86 per
share, based on the Company's fully diluted unadjusted last twelve months
earnings ending December 31, 1997 and the median price to earnings multiple of
23.01 for institutions less than $100 million in asset size using trading data
as of April 2, 1998.
The financial performance characteristics of the regional banking organizations
vary, sometimes substantially, from those of the Company. When the variance is
significant for relevant performance factors, adjustments to the price multiples
are appropriate when comparing them to the transaction value.
COMPARABLE SALES MULTIPLES
FinPro calculated an "Adjusted Book Value" of $26.68 per share, based on the
Company's fully diluted December 31, 1997 equity and the median price to book
multiple of 158.33% for Comparable savings organizations sold between April 2,
1997 and April 2, 1998. FinPro calculated an "Adjusted Book Value" of $31.27 per
share, based on the Company's fully diluted December 31, 1997 equity and the
median price to book multiple of 185.60% for national savings organizations sold
between April 2, 1997 and April 2, 1998. FinPro calculated an "Adjusted Book
Value" of $25.55 per share, based on the Company's fully diluted December 31,
1997 equity and the median price to book multiple of 151.65% for savings
organizations less than $100 million in asset size sold between April 2, 1997
and April 2, 1998.
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FinPro calculated an "Adjusted Earnings Value" of $24.02 per share, based on the
Company's fully adjusted last twelve month ended December 31, 1997 earnings and
the median price to last twelve months earnings multiple of 25.28 for Comparable
savings organizations sold between April 2, 1997 and April 2, 1998. FinPro
calculated an "Adjusted Earnings Value" of $21.26 per share, based on the
Company's fully adjusted last twelve month ended December 31, 1997 earnings and
the median price to last twelve months earnings multiple of 22.38 for national
savings organizations sold between April 2, 1997 and April 2, 1998. FinPro
calculated an "Adjusted Earnings Value" of $21.25 per share, based on the
Company's fully adjusted last twelve month ended December 31, 1997 earnings and
the median price to last twelve months earnings multiple of 22.37 for savings
organizations less than $100 million in asset size sold between April 2, 1997
and April 2, 1998.
The financial performance characteristics of the regional banking organizations
vary, sometimes substantially, from those of the Company. When the variance is
significant for relevant performance factors, adjustments to the price multiples
are appropriate when comparing them to the transaction value.
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C. Investment Value
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The investment value is sometimes referred to as the income value or earnings
value. One investment value method frequently used estimates the present value
of an enterprise's future earnings or cash flow. Another popular investment
value method is to determine the level of current annual benefits (earnings,
cash flow, dividends, etc.), and then capitalize one or more of the benefit
types using an appropriate capitalization rate such as an earnings or dividend
yield. Yet another method of calculating investment value is a cash flow
analysis of the ability of a banking company to service acquisition debt
obligations (at a certain price level) while providing sufficient earnings for
reasonable dividends and capital adequacy requirements. In connection with the
cash flow analysis, the return on investment that would accrue to a prospective
buyer at the transaction value is calculated. The investment value methods which
were analyzed in connection with this transaction were the net present value
analysis, and the return on investment analysis, which are discussed below.
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NET PRESENT VALUE ANALYSIS
The investment of earnings value of any banking organization's stock is an
estimate of present value of the future benefits, usually earnings, cash flow or
dividends, which will accrue to the stock. An earnings value is calculated using
an annual future earnings stream over a period of time of no less than ten years
and the residual value which assumes the sale of the organization in the tenth
year, and an appropriate capitalization rate (the net present value discount
rate). FinPro's computations were based on an analysis of the banking industry,
the economic and competitive situations in the Company's market area, its
current financial condition and historical levels of growth and earnings. Using
a net present value discount rate of 12%, an acceptable discount rate
considering the risk-return relationship most investors would demand for an
investment of this type as of the valuation date, the "Net Present Value of
Future Earnings," equaled $20.00 per share.
RETURN ON INVESTMENT ANALYSIS
Return on investment (ROI) analysis assumes the formation of a bank holding
company and analyzes the ten year ROI of an equity investment equal to the
Company's book value at December 31, 1997, assuming a constant return on equity
of 5.96%, with a liquidation at book value in the year 2007, as opposed to a
sale at 25.7 times projected earnings for the year 2007. This ROI analysis
provides a benchmark for assessing the validity of the fair market value of a
majority block of stock. The ROI analysis is one approach to valuing a going
concern, and is directly impacted by the earnings stream, dividend payout levels
and levels of debt, if any. Other financial and non-financial factors indirectly
affect the ROI; however, these factors more directly influence the level of ROI
an investor would demand from an investment in a majority block of stock of a
specific bank at a certain point in time. The ROI, assuming a constant return on
equity of 5.96% with liquidation at book value in 2007, is 5.96%, and sale at
25.7 projected earnings in 2007, is 9.86%.
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PRICE EQUITY INDEX ANALYSIS
Furthermore, a price level indicator, the price equity index, may be used to
confirm the validity of the transaction value. The price equity index adjusts
the price to equity multiple in order to facilitate a truer price level
comparison with comparable banking organizations, regardless of differing levels
of equity capital. The price equity index is derived by multiplying the price to
equity multiple by the equity-to-assets ratio. The following table sets forth
the average price equity indices for all Minnesota thrifts, for all Comparable
thrifts, and for the Company for the years 1997, 1996 and 1995.
FIGURE 1 - PRICE EQUITY INDEX
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1997 1996 1995
equity index equity index equity index
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Mississippi View 0.2008 0.1510 0.1506
Comparables 0.1963 0.1790 0.2080
Minnesota 0.2026 0.1716 0.1506
Proposed Price low $19.50 0.2038
Proposed Price high $21.50 0.2247
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3. Market Value
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A. Comparable Trading Multiples
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The estimated fair market value of the Common Stock of the Bank is determined by
its value relative to market values for the Comparable Group. Adjustments must
be delineated from a potential investor's viewpoint. A potential investor is
assumed to be aware of all relevant and necessary facts as they pertain to the
value of the Bank, relative to other publicly traded thrift institutions and
relative to alternative investment opportunities.
There are numerous criteria on which the market value adjustments are based, but
the major ones utilized for purposes of this report include:
o Balance Sheet Strength
o Asset Quality
o Earnings Quality, Predictability and Growth
o Dividends
o Marketability of the Issue
o Recent Regulatory Matters
o Market for Seasoned Thrift Stocks
After identifying the adjustments that should be made to market value, the
market value for the Bank is computed and adjusted. The estimated market value
for the Bank is then compared with the market valuation ratios of the Comparable
Group, the aggregate ratios for all public thrifts, and all public Minnesota
thrifts.
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Fairness Opinion
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Comparable Selection
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This section presents an analysis of the Bank's operations against a Comparable
Group of publicly traded savings institutions. The Comparable Group ("Comparable
Group") was selected from a universe of 394 public thrifts as of April 2, 1998.
The Comparable Group was selected based upon similarity of characteristics to
the Bank. The Comparable Group multiples provide the basis for the fair market
valuation of the Bank. Factors that influence the Bank's value such as balance
sheet structure and size, profitability, income and expense trends, capital
levels, credit risk, interest rate risk and recent operating results can be
measured against the Comparable Group. The Comparable Group current market
pricing, coupled with the appropriate adjustments for differences between the
Bank and the Comparable Group, will then be utilized as the basis for the
valuation of the Bank's common stock.
In an ideal world, all of the Comparable Group would contain the exact
characteristics of the Bank. The goal of the selection criteria process is to
find those institutions that most closely match those of the Bank. None of the
Comparables selected will be exact clones of the Bank
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Selection Screens
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The selection screens utilized to identify possible Comparables from the list of
394 public thrifts at April 2, 1998 included:
1. The IPO date had to be on or before January 1, 1997, eliminating any new
conversions.
2. The total asset size had to be less than or equal to $100 million, but
greater than or equal to $50 million.
3. The number of offices had to be two or less.
4. The loan to asset ratio had to be greater than or equal to 50.00%
5. The institution had to be located in the Midwest Region.
6. The price to book trading multiple had to be less than or equal to 200% to
eliminate those institutions with speculation included in their price.
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This resulted in 14 institutions.
FIGURE 2 - SCREENING RESULTS
Number
of
Ticker Short Name Exchange City State Offices IPO Date
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ATSB AmTrust Capital Corp. NASDAQ Peru IN 2 03/28/95
CKFB CKF Bancorp Inc. NASDAQ Danville KY 1 01/04/95
FFBI First Financial Bancorp Inc. NASDAQ Belvidere IL 2 10/04/93
FFDF FFD Financial Corp. NASDAQ Dover OH 1 04/03/96
FTSB Fort Thomas Financial Corp. NASDAQ Fort Thomas KY 2 06/28/95
HCFC Home City Financial Corp. NASDAQ Springfield OH 1 12/30/96
KYF Kentucky First Bancorp Inc. AMSE Cynthiana KY 2 08/29/95
LOGN Logansport Financial Corp. NASDAQ Logansport IN 1 06/14/95
MIVI Mississippi View Holding Co. NASDAQ Little Falls MN 1 03/24/95
MSBF MSB Financial Inc. NASDAQ Marshall MI 2 02/06/95
NSLB NS&L Bancorp Inc. NASDAQ Neosho MO 2 06/08/95
PFFC Peoples Financial Corp. NASDAQ Massillon OH 2 09/13/96
SFFC StateFed Financial Corp. NASDAQ Des Moines IA 2 01/05/94
WCFB Webster City Federal SB (MHC) NASDAQ Webster City IA 1 08/15/94
Webster City was eliminated from the group since an MHC has characteristics
unlike the Bank. Additionally, the Bank was eliminated from the group.
FIGURE 3 - COMPARABLE GROUP
Number
of
Ticker Short Name Exchange City State Offices IPO Date
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ATSB AmTrust Capital Corp. NASDAQ Peru IN 2 03/28/95
CKFB CKF Bancorp Inc. NASDAQ Danville KY 1 01/04/95
FFBI First Financial Bancorp Inc. NASDAQ Belvidere IL 2 10/04/93
FFDF FFD Financial Corp. NASDAQ Dover OH 1 04/03/96
FTSB Fort Thomas Financial Corp. NASDAQ Fort Thomas KY 2 06/28/95
HCFC Home City Financial Corp. NASDAQ Springfield OH 1 12/30/96
KYF Kentucky First Bancorp Inc. AMSE Cynthiana KY 2 08/29/95
LOGN Logansport Financial Corp. NASDAQ Logansport IN 1 06/14/95
MSBF MSB Financial Inc. NASDAQ Marshall MI 2 02/06/95
NSLB NS&L Bancorp Inc. NASDAQ Neosho MO 2 06/08/95
PFFC Peoples Financial Corp. NASDAQ Massillon OH 2 09/13/96
SFFC StateFed Financial Corp. NASDAQ Des Moines IA 2 01/05/94
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The members of the Comparable Group were selected based upon the following
criteria:
1. Asset size
2. Profitability
3. Capital level
4. Asset mix
5. Operating strategy
6. Date of conversion
1. Asset size The Comparable Group should have a similar asset size to the Bank.
Large institutions are not appropriate for the peer group due to a more
extensive branch network, greater financial strength, more access to diverse
markets and more capacity in terms of infrastructure. The Comparable Group
ranged in size from $57.8 million to $99.9 million in total assets with an
median of $82.5 million. The Bank's asset size was $68.6 million as of December
31, 1997.
2. Profitability The Comparable Group should have similar financial conditions
and recent earnings that are comparable to the Bank. They should show a
comparable return on equity and return on assets measures. As such, the
Comparable Group have ROAAs with a median 1.25% and ROAEs with a median of 7.35%
for the most recent quarter available. The Comparable Group profitability
measures had a dispersion about the mean for the ROAA measure ranging from a low
of 0.14% to a high of 1.83%, while the ROAE measure ranged from a low of 1.65%
to a high of 9.15%. The Bank had an ROAA of 1.08% and ROAE of 6.37% for the
period ended December 31, 1997.
3. Capital level The Comparable Group should have a capital level similar to the
Bank's. Capital is important in that it is a determinant of asset size and
regulatory rating. Institutions with capital in a similar range as the Bank were
selected. The median equity to assets ratio for the Comparable Group was 18.26%
with a high of 24.06% and a low of 9.23%. At December 31, 1997, the Bank had an
equity to assets ratio of 18.18%.
4. Asset Mix The asset mix is very important in the selection criteria for
Comparables. At December 31, 1997, the Bank had a total net loan to asset ratio
of 66.10%, but this ratio will be higher after the offering. The median loan to
asset ratio for the Comparables was 73.28%, ranging from a low of 57.96% to a
high of 93.18%.
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5. Operating strategy An institution's operating characteristics are important
because they determine future performance. They also affect expected rates of
return and investor's general perception of the quality, risk and attractiveness
of a given company. Specific operating characteristics include profitability,
balance sheet growth, asset quality, capitalization, and non-financial factors
such as management strategies and lines of business.
6. Date of conversion Recent conversions, those completed after January 1, 1997,
were excluded since the earnings of a newly converted institution do not reflect
a full year's benefits of reinvestment of conversion proceeds. Additionally, new
issues tend to trade at a discount to the market averages.
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Comparable Group Profiles
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o AmTrust Capital Corp. ATSB is a SAIF insured thrift that operates
2 branches in Peru, Indiana and has $69.1 million in assets. ATSB
had the highest intangible assets to equity ratio, 0.99%, the
highest non-performing loans to loans ratio, 2.37%, the highest
non-performing assets to equity ratio, 16.68%, the highest
non-interest income to average assets ratio, 0.55%, and the
highest efficiency and overhead ratios at 88.31% and 85.91%
respectively. AmTrust had the lowest net interest margin, 2.82%
and the lowest net interest income to average assets ratio, 2.69%.
ATSB was selected to the Group based on asset size, geographic
proximity, and dependence on net interest income.
o CKF Bancorp Inc. CKFB is a SAIF insured institution that operates
1 branch in Danville, Kentucky. CKF is the second smallest
comparable in the Group with $62.9 million in assets. CKFB had the
second highest ROAA, 1.82%, the second highest equity to assets
ratio, 21.89%, and the third highest loans to assets ratio,
89.11%. CKFB had the second lowest reserves to loans ratio, 0.22%,
the second lowest efficiency ratio, 42.50%, and the second lowest
overhead ratio, 40.92%. ESBK was selected to the Group based on
asset size, profitability, interest margin, net interest income,
and number of branches.
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o First Financial Bancorp Inc. FFBI is a SAIF insured institution
with $82.7 million in assets. First Financial had 2 branches and
is located in Belvidere, Illinois. FFBI had the highest deposit to
asset ratio, 81.70%, the highest non-interest income to average
assets, 0.55%, and the highest non-interest expense to average
assets, 2.97%. FFBI had the lowest equity to assets ratio, 9.23%,
the lowest core capital to assets ratio, 8.67%, the lowest ROAA,
0.14%, the lowest ROAE, 1.65%, the lowest asset growth rate,
(12.52%), and the lowest loan growth rate, (25.92%). FFBI was
selected to the Group based on asset size, geographic proximity,
loan to asset ratio, deposit to asset ratio, and number of
branches.
o FFD Financial Corp. FFDF is a SAIF insured institution that
operates 1 branch and is located in Dover, Ohio. FFD Financial had
$92.4 million in assets. FFDF had the highest equity to assets
ratio, 24.06%, the highest equity + reserves to assets ratio,
24.35%, the highest reserves to NPLs, 642.86%, and the highest
ROAA, 1.83%. FFDF had the second lowest non-interest expense to
average assets, 0.07%. It was selected as a comparable based on
its asset size, core capital to assets, interest expense to
average assets, efficiency ratio, and number of branches.
o Fort Thomas Financial Corp. FTSB has 2 branches and is a SAIF
insured institution located in Fort Thomas, Kentucky. FTSB had the
largest total assets of the Group with $99.9 million. Fort Thomas
had the highest non-performing assets to assets ratio, 2.04%, and
the second highest deposit growth rate, 10.00%. FTSB was included
in the Comparable Group based on its asset size, core capital to
assets, net interest income to average assets, and number of
branches.
o Home City Financial Corp. HCFC is a SAIF insured institution with
1 branch located in Springfield, Ohio. Home City had $71.9 million
in assets. HCFC had the highest ROAE, 9.15%, the highest interest
income to average assets, 9.19%, and the highest interest expense
to average assets, 4.73%. HCFC was included with the Comparable
Group based on its size, equity to assets, non-performing assets
to assets, non-interest expense to average assets, efficiency
ratio, and number of branches.
o Kentucky First Bancorp Inc. KYF is a SAIF insured institution
that operates 2 offices and is located in Cynthiana, Kentucky.
Kentucky First had $86.3 million in assets and is the only
institution of the group that is listed on the American Stock
Exchange. KYF had the lowest loans to assets ratio, 57.96% and the
second lowest deposit growth rate, 0.61%. KYF was included in the
Comparable Group based on its asset size, level of loans, level of
equity, profitability level, net interest income, and number of
branches.
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Page 16
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o Logansport Financial Corp. LOGN is a SAIF insured Indiana
institution that operates 1 branch. Logansport Financial had total
assets of $86.1 million. LOGN had the second highest total capital
to risk adjusted assets ratio, 35.37%, the third highest ROAA
ratio, 1.50%, and the second highest asset growth rate,10.88%.
Logansport Financial had the second lowest non-interest expense to
average assets ratio, 1.55%, the lowest efficiency ratio, 38.75%,
and the lowest efficiency ratio 35.59%. LOGN was included in the
Comparable Group based on its asset size, equity to assets,
non-performing loans to loans, net interest margin, net interest
income, and number of branches.
o MSB Financial Inc. MSBF is a SAIF insured institution that
operates 2 branches and is based in Marshall, Michigan. MSB
Financial had $77.4 in assets. MSBF had the highest loans to
deposits ratio, 170.35%, loans to assets ratio, 93.18%, the
highest borrowings to assets ratio, 27.33%, highest net interest
margin, 4.78%, the highest net interest income to average assets,
4.61%, and the highest asset growth rate, 16.93%. MSBF had the
lowest deposits to assets ratio, 54.70%, the lowest non-performing
loans to loans, 0.02%, the second lowest non-performing assets to
equity ratio, 0.12%, and the second lowest non-performing assets
to assets ratio, 0.02%. It was included in the Comparable Group
based on its asset size, interest expense to average assets,
efficiency ratio, and number of branches.
o NS&L Bancorp Inc. NSLB is a SAIF insured institution that
operates 2 branches and is based in Neosho, Missouri. NS&L had
$57.8 in assets which is the lowest level of assets of the Group.
NSLB had the second highest intangible assets to equity ratio,
0.73% and the second highest reserves to non-performing loans,
612.50%. NSLB had the lowest loans to deposits ratio, 79.72%, the
second lowest ratio of borrowings to assets ratio, 1.73%, the
lowest non-performing loans to loans ratio, 0.02%, the lowest
non-performing assets to equity ratio, 0.07%, the lowest reserves
to loans ratio, 0.14%, the lowest interest income and interest
expense to average assets at 6.70% and 3.51% respectively. It was
included in the Comparable Group based on its asset size, capital
levels, interest expense ratio, non-interest expense, and number
of branches.
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Page 17
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o Peoples Financial Corp. PFFC is a SAIF insured institution that
operates 2 branches and is based in Massillon, Ohio. Peoples
Financial had $82.5 in total assets and no borrowings. PFFC had
the highest total capital to risk adjusted assets, 36.47%, the
second highest reserves to non-performing assets + 90 ratio,
480.65, and the highest loan growth rate, 29.29%. PFFC had the
lowest non-performing loans to loans ratio, 0.02%, the second
lowest interest expense to average assets ratio, 3.58%, and the
lowest non-interest income to average assets, 0.03%. It was
included in the Comparable Group based on its asset size, capital
levels, deposit to asset ratio, net interest margin, non-interest
expense to average assets, and number of branches.
o StateFed Financial Corp. SFFC is a SAIF insured institution that
has $88.6 in total assets. StateFed Financial operates 2 branches
and is based in Des Moines, Iowa. SFFC had the highest reserves to
non-performing loans ratio, 17.52%, the second highest interest
expense to average assets ratio, 4.51%, the highest non-interest
expense to average assets ratio, 1.44%, and the highest deposit
growth rate, 10.23%. SFFC had the second lowest deposits to assets
ratio, 59.98%, the lowest reserves to non-performing loans ratio,
17.52%, the lowest reserves to non-performing assets + 90 ratio,
14.72%, and the lowest non-interest expense to average assets
ratio, 1.44%. SFFC was included in the Comparable Group based on
its asset size, equity to assets level, profitability, and number
of branches.
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Page 18
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FIGURE 4 - KEY FINANCIAL INDICATORS
The Bank and the Comparable Group
- -------------------------------------------------------------------------------------------------------------------------
The Bank (Most Comparable National Median
Recent Quarter Group Median (Most Recent
(Most Recent Quarter)
Quarter)
- -------------------------------------------------------------------------------------------------------------------------
Balance Sheet Data
- -------------------------------------------------------------------------------------------------------------------------
Gross Loans to Deposits 82.66% 107.56% 96.56%
- -------------------------------------------------------------------------------------------------------------------------
Total Net Loans to Assets 66.10% 73.28% 69.92%
- -------------------------------------------------------------------------------------------------------------------------
Deposits to Assets 79.96% 69.59% 71.94%
- -------------------------------------------------------------------------------------------------------------------------
Borrowed Funds to Assets 0.00% 9.58% 12.83%
- -------------------------------------------------------------------------------------------------------------------------
Capital
- -------------------------------------------------------------------------------------------------------------------------
Equity to Assets 18.18% 18.26% 10.51%
- -------------------------------------------------------------------------------------------------------------------------
Tangible Equity to Assets 18.18% 18.26% 10.45%
- -------------------------------------------------------------------------------------------------------------------------
Intangible Assets to Equity 0.00% 0.00% 0.00%
- -------------------------------------------------------------------------------------------------------------------------
Regulatory Core Capital to Assets 16.36% 15.12% 9.16%
- -------------------------------------------------------------------------------------------------------------------------
Equity + Reserves to Assets 19.44% 18.47% 11.19%
- -------------------------------------------------------------------------------------------------------------------------
Total Capital to Risk Adjusted Assets 33.09% 26.83% 17.62%
- -------------------------------------------------------------------------------------------------------------------------
Growth
- -------------------------------------------------------------------------------------------------------------------------
Asset Growth (7.20%) 4.77% 8.35%
- -------------------------------------------------------------------------------------------------------------------------
Loan Growth 1.39% 11.99% 10.87%
- -------------------------------------------------------------------------------------------------------------------------
Deposit Growth (2.62%) 2.60% 5.38%
- -------------------------------------------------------------------------------------------------------------------------
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Page 19
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- -------------------------------------------------------------------------------------------------------------------
The Bank Comparable Group National
- -------------------------------------------------------------------------------------------------------------------
Asset Quality
- -------------------------------------------------------------------------------------------------------------------
Non-Performing Loans to Loans 0.65% 0.27% 0.62%
- -------------------------------------------------------------------------------------------------------------------
Reserves to Non-Performing Loans 290.24% 64.36% 122.13%
- -------------------------------------------------------------------------------------------------------------------
Non-Performing Assets to Assets 0.43% 0.23% 0.49%
- -------------------------------------------------------------------------------------------------------------------
Non-Performing Assets to Equity 2.38% 1.17% 4.41%
- -------------------------------------------------------------------------------------------------------------------
Reserves to Loans 1.90% 0.44% 0.81%
- -------------------------------------------------------------------------------------------------------------------
Profitability
- -------------------------------------------------------------------------------------------------------------------
Return on Assets 1.08% 1.25% 0.92%
- -------------------------------------------------------------------------------------------------------------------
Return on Equity 6.37% 7.35% 8.22%
- -------------------------------------------------------------------------------------------------------------------
Income Statement
- -------------------------------------------------------------------------------------------------------------------
Net Interest Margin 3.91% 3.59% 3.48%
- -------------------------------------------------------------------------------------------------------------------
Interest Income to Average Assets 7.48% 7.35% 7.39%
- -------------------------------------------------------------------------------------------------------------------
Interest Expense to Average Assets 3.62% 3.83% 4.14%
- -------------------------------------------------------------------------------------------------------------------
Net Interest Income to Average Assets 3.85% 3.49% 3.31%
- -------------------------------------------------------------------------------------------------------------------
Noninterest Income to Average Assets 0.25% 0.19% 0.33%
- -------------------------------------------------------------------------------------------------------------------
Noninterest Expense to Average Assets 2.35% 2.36% 2.18%
- -------------------------------------------------------------------------------------------------------------------
Efficiency Ratio 57.68% 55.45% 58.36%
- -------------------------------------------------------------------------------------------------------------------
Source: SNL Securities and FinPro calculations.
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Page 20
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- -----------------------------------------------------
Valuation Adjustments
- -----------------------------------------------------
BALANCE SHEET STRENGTH
The balance sheet strength of an institution is an important market value
determinant, as the investment community considers such factors as bank
marketability, capitalization, asset composition, funding mix, intangible levels
and interest rate risk in assessing the attractiveness of investing in the
common stock of a thrift. The following tables summarize the key financial
elements of the Bank as measured against the Comparable Group.
FIGURE 5 - KEY BALANCE SHEET DATA
Key Financial Data as of The Most Recent Quarter
-------------------------------------------------------------------
Total Loans/ Loans/ Deposits/ Borrowings/
Assets Deposits Assets Assets Assets
Ticker Short Name ($000) (%) (%) (%) (%)
- -------------------------------------------------------------------------------------------------------------------------
Comparable Thrift Data
ATSB AmTrust Capital Corp. 69,106 104.82 70.11 66.89 21.51
CKFB CKF Bancorp Inc. 62,865 129.52 89.11 68.80 8.29
FFBI First Financial Bancorp Inc. 82,682 81.43 66.52 81.70 8.10
FFDF FFD Financial Corp. 92,364 109.70 69.80 63.63 10.86
FTSB Fort Thomas Financial Corp. 99,873 127.88 91.66 71.68 11.31
HCFC Home City Financial Corp. 71,854 121.86 87.66 71.94 7.95
KYF Kentucky First Bancorp Inc. 86,307 91.21 57.96 63.55 18.50
LOGN Logansport Financial Corp. 86,115 105.42 74.18 70.37 7.55
MSBF MSB Financial Inc. 77,444 170.35 93.18 54.70 27.33
NSLB NS&L Bancorp Inc. 57,823 79.72 61.46 77.09 1.73
PFFC Peoples Financial Corp. 82,464 91.04 72.37 79.49 0.00
SFFC StateFed Financial Corp. 88,608 129.09 77.43 59.98 21.44
- -------------------------------------------------------------------------------------------------------------------------
Average 79,792 111.84 75.95 69.15 12.05
Median 82,573 107.56 73.28 69.59 9.58
Maximum 99,873 170.35 93.18 81.70 27.33
Minimum 57,823 79.72 57.96 54.70 0.00
MIVI Mississippi View Holding Co. 68,619 82.66 66.10 79.96 0.00
Variance to the Comparable Median (13,954) -24.90 -7.18 10.38 -9.58
Sources: SNL and FinPro Computations
Liquidity - The liquidity of the Bank and the Comparable Group appear
similar and were sufficient to meet all regulatory guidelines.
Asset Composition - The Bank's net loan to asset ratio of 66.10% is
below the median for the Comparable Group of 73.28%. Therefore, the
Bank had a higher reliance on the wholesale market for assets
- --------------------------------------------------------------------------------
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Mississippi View Holding Company April 9, 1998
Page 21
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Funding Mix - The Comparable Group had 9.28% of its funding base from
borrowings while the Bank's ratio is 0.00%. The Bank's lower level of
borrowings leaves room for an additional funding source in the future.
FIGURE 6 - BALANCE SHEET GROWTH DATA
Balance Sheet Growth as of The MRQ
-------------------------------------
Asset Loan Deposit
Growth Growth Growth
Rate Rate Rate
Ticker Short Name (%) (%) (%)
- -----------------------------------------------------------------------------------------
Comparable Thrift Data
ATSB AmTrust Capital Corp. (4.31) (5.50) (7.14)
CKFB CKF Bancorp Inc. 4.77 5.12 0.98
FFBI First Financial Bancorp Inc. (12.52) (25.95) 2.60
FFDF FFD Financial Corp. 7.20 25.22 7.93
FTSB Fort Thomas Financial Corp. 9.62 12.18 10.00
HCFC Home City Financial Corp. NA NA NA
KYF Kentucky First Bancorp Inc. (1.78) 4.17 0.61
LOGN Logansport Financial Corp. 10.88 11.99 5.57
MSBF MSB Financial Inc. 16.39 14.98 2.52
NSLB NS&L Bancorp Inc. (0.98) 12.30 5.15
PFFC Peoples Financial Corp. (7.60) 29.29 2.17
SFFC StateFed Financial Corp. 7.00 0.51 10.23
- ----------------------------------------------------------------------------------------
Average 2.61 7.66 3.69
Median 4.77 11.99 2.60
Maximum 16.39 29.29 10.23
Minimum (12.52) (25.95) (7.14)
MIVI Mississippi View Holding Co. (2.43) 1.39 (2.62)
Variance to the Comparable Median (7.20) (10.60) (5.22)
Sources: SNL and FinPro Computations
The Bank's assets and deposits have decreased while the Comparable median has
increased. The Bank has increased loans, but at a rate slower than the
Comparable Group.
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Mississippi View Holding Company April 9, 1998
Page 22
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FIGURE 7 - CAPITAL DATA
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
ATSB AmTrust Capital Corp. 10.83 10.73 0.99 10.00 11.55 17.00
CKFB CKF Bancorp Inc. 21.89 21.89 0.00 19.59 22.09 34.13
FFBI First Financial Bancorp Inc. 9.23 9.23 0.00 8.67 9.87 15.38
FFDF FFD Financial Corp. 24.06 24.06 0.00 16.40 24.35 32.70
FTSB Fort Thomas Financial Corp. 15.82 15.82 0.00 15.04 16.29 24.15
HCFC Home City Financial Corp. 19.49 19.49 0.00 15.20 20.12 26.59
KYF Kentucky First Bancorp Inc. 17.02 17.02 0.00 14.50 17.47 27.06
LOGN Logansport Financial Corp. 19.21 19.21 0.00 19.10 19.49 35.37
MSBF MSB Financial Inc. 16.86 16.86 0.00 12.51 17.29 21.21
NSLB NS&L Bancorp Inc. 19.74 19.62 0.73 15.70 19.82 34.30
PFFC Peoples Financial Corp. 18.85 18.85 0.00 16.62 19.03 36.47
SFFC StateFed Financial Corp. 17.66 17.66 0.00 10.66 17.91 18.94
- ---------------------------------------------------------------------------------------------------------------------------------
Average 17.56 17.54 0.14 14.50 17.94 26.94
Median 18.26 18.26 0.00 15.12 18.47 26.83
Maximum 24.06 24.06 0.99 19.59 24.35 36.47
Minimum 9.23 9.23 0.00 8.67 9.87 15.38
MIVI Mississippi View Holding Co. 18.18 18.18 0.00 16.36 19.44 33.09
Variance to the Comparable Median (0.08) (0.08) 0.00 1.24 0.97 6.27
Sources: SNL and FinPro Computations
Capitalization - The Comparable Group's median equity to assets ratio
of 18.26% is in line with the Bank's ratio of 18.18%.
Intangible Levels - One of the most important factors influencing
market values is the level of intangibles that an institution carries
on its books. Only two members of the Comparable Group have
intangibles, both less than 1.00% of equity. Thrifts trade more on
tangible book than on book. The Bank had no intangible assets.
Interest Rate Risk - The Bank has a moderate level of interest rate
risk, evidenced by a net portfolio value above tangible equity at rate
shocks up to and including +200 basis points and above the assumed
4.00% capital limit under all rate shocks.
The Bank has a greater percentage of wholesale investments, no borrowings and
capital levels which are consistent with the Comparable Group. As the balance
sheet elements offset each other, the Bank's market value should not be adjusted
in comparison to the Comparable Group for this measure.
- --------------------------------------------------------------------------------
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Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 23
================================================================================
ASSET QUALITY
The asset quality of an institution is an important determinant of market value.
The investment community considers levels of nonperforming loans, REO and levels
of ALLL in assessing the attractiveness of investing in the common stock of an
institution.
FIGURE 8 - ASSET QUALITY TABLE
Asset Quality as of The Most Recent Quarter
--------------------------------------------------------------------------
NPLs/ Reserves/ NPAs/ NPAs/ Reserves/ Reserves/
Loans NPLs Assets Equity Loans NPAs + 90
Ticker Short Name (%) (%) (%) (%) (%) (%)
- ------------------------------------------------------------------------------------------------------------------------------
Comparable Thrift Data
ATSB AmTrust Capital Corp. 2.37 43.83 1.81 16.68 1.04 40.38
CKFB CKF Bancorp Inc. 0.12 189.39 0.10 0.48 0.22 42.66
FFBI First Financial Bancorp Inc. 1.50 64.36 1.00 10.81 0.97 64.36
FFDF FFD Financial Corp. 0.07 642.86 0.05 0.19 0.42 642.86
FTSB Fort Thomas Financial Corp. 2.22 23.24 2.04 12.88 0.52 23.24
HCFC Home City Financial Corp. 0.41 174.52 0.36 1.85 0.72 174.52
KYF Kentucky First Bancorp Inc. 0.07 NM 0.04 0.22 0.77 348.65
LOGN Logansport Financial Corp. 0.67 56.84 0.62 3.25 0.38 45.62
MSBF MSB Financial Inc. 0.02 NM 0.02 0.12 0.46 51.31
NSLB NS&L Bancorp Inc. 0.02 612.50 0.01 0.07 0.14 36.57
PFFC Peoples Financial Corp. 0.02 NM 0.04 0.20 0.25 480.65
SFFC StateFed Financial Corp. 1.89 17.52 1.74 9.86 0.33 14.72
- ------------------------------------------------------------------------------------------------------------------------------
Average 0.78 202.78 0.65 4.72 0.52 163.80
Median 0.27 64.36 0.23 1.17 0.44 48.47
Maximum 2.37 642.86 2.04 16.68 1.04 642.86
Minimum 0.02 17.52 0.01 0.07 0.14 14.72
MIVI Mississippi View Holding Co. 0.65 290.24 0.43 2.38 1.90 225.65
Variance to the Comparable Median 0.39 225.88 0.20 1.22 1.46 177.19
Sources: SNL and FinPro Computations
The Bank has a higher level of non-performing loans ("NPL") to total loans at
0.65% when compared to the Comparable Group median of 0.27%. However, the Bank's
reserve levels are higher than the Comparables, offsetting the higher level of
NPLs.
Based on these factors no adjustment is warranted for this element.
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 24
================================================================================
EARNINGS QUALITY, PREDICTABILITY AND GROWTH
The earnings quality, predictability and growth are critical components in the
establishment of market values for thrifts. Thrift earnings are primarily a
function of:
o net interest income
o loan loss provision
o non-interest income
o non-interest expense
The quality and predictability of earnings is dependent on both internal and
external factors. Some internal factors include the mix of the balance sheet,
the interest rate sensitivity of the balance sheet, the asset quality, and the
infrastructure in place to deliver the assets and liabilities to the public.
External factors include the competitive market for both assets and liabilities,
the global interest rate scenario, local economic factors and regulatory issues.
Each of these factors can influence the earnings of an institution, and each of
these factors is volatile. Investors prefer stability and consistency. As such,
solid, consistent earnings are preferred to high but risky earnings. Investors
also prefer earnings to be diversified and not entirely dependent on interest
income.
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Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 25
================================================================================
The Bank's ROAA and ROAE are slightly below the Comparable Group median.
FIGURE 9 - PROFITABILITY DATA
Profitability as of The Most Recent Quarter
---------------------------------------------------
Return on Return on
Avg Assets Avg Equity
Ticker Short Name (%) (%)
- ------------------------------------------------------------------------------------------------
Comparable Thrift Data
ATSB AmTrust Capital Corp. 0.41 3.87
CKFB CKF Bancorp Inc. 1.82 7.74
FFBI First Financial Bancorp Inc. 0.14 1.65
FFDF FFD Financial Corp. 1.83 7.49
FTSB Fort Thomas Financial Corp. 1.23 7.53
HCFC Home City Financial Corp. 1.39 9.15
KYF Kentucky First Bancorp Inc. 1.13 6.77
LOGN Logansport Financial Corp. 1.50 7.71
MSBF MSB Financial Inc. 1.51 8.83
NSLB NS&L Bancorp Inc. 0.72 3.63
PFFC Peoples Financial Corp. 0.79 3.27
SFFC StateFed Financial Corp. 1.27 7.21
- ------------------------------------------------------------------------------------------------
Average 1.15 6.24
Median 1.25 7.35
Maximum 1.83 9.15
Minimum 0.14 1.65
MIVI Mississippi View Holding Co. 1.08 6.37
Variance to the Comparable Median (0.17) (0.98)
Sources: SNL and FinPro Computations
- --------------------------------------------------------------------------------
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Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 26
================================================================================
However, the Bank's margin, noninterest expense and noninterest income are
consistent with or better than the Comparable Group medians.
FIGURE 10 - INCOME STATEMENT DATA
Income Statement as of The Most Recent Quarter
-----------------------------------------------------------------------------------
Net Interest Interest Net Interest Noninterest Noninterest
Interest Income/ Expense/ Income/ Income/ Expense/
Margin Avg Assets Avg Assets Avg Assets Avg Assets Avg Assets
Ticker Short Name (%) (%) (%) (%) (%) (%)
- ------------------------------------------------------------------------------------------------------------------------------------
Comparable Thrift Data
ATSB AmTrust Capital Corp. 2.82 7.04 4.35 2.69 0.55 2.87
CKFB CKF Bancorp Inc. 3.75 7.46 3.80 3.66 0.10 1.67
FFBI First Financial Bancorp Inc. 3.08 7.18 4.25 2.93 0.55 2.97
FFDF FFD Financial Corp. 3.35 6.98 3.68 3.31 0.07 1.95
FTSB Fort Thomas Financial Corp. 4.15 8.49 4.46 4.03 0.31 2.29
HCFC Home City Financial Corp. 4.59 9.19 4.73 4.46 0.13 2.55
KYF Kentucky First Bancorp Inc. 3.45 7.23 3.85 3.37 0.18 1.91
LOGN Logansport Financial Corp. 3.95 7.62 3.80 3.81 0.20 1.55
MSBF MSB Financial Inc. 4.78 8.26 3.65 4.61 0.46 2.80
NSLB NS&L Bancorp Inc. 3.27 6.70 3.51 3.18 0.40 2.46
PFFC Peoples Financial Corp. 3.71 7.19 3.58 3.61 0.03 2.42
SFFC StateFed Financial Corp. 3.47 7.79 4.51 3.28 0.16 1.44
- ------------------------------------------------------------------------------------------------------------------------------------
Average 3.70 7.59 4.01 3.58 0.26 2.24
Median 3.59 7.35 3.83 3.49 0.19 2.36
Maximum 4.78 9.19 4.73 4.61 0.55 2.97
Minimum 2.82 6.70 3.51 2.69 0.03 1.44
MIVI Mississippi View Holding Co. 3.91 7.48 3.62 3.85 0.25 2.35
Variance to the Comparable Median 0.32 0.14 (0.21) 0.36 0.06 (0.00)
Income Statement as of The
Most Recent Quarter
----------------------------
Efficiency Overhead
Ratio Ratio
Ticker Short Name (%) (%)
- ------------------------------------------------------------------------------------
Comparable Thrift Data
ATSB AmTrust Capital Corp. 88.31 85.91
CKFB CKF Bancorp Inc. 42.50 40.92
FFBI First Financial Bancorp Inc. 85.19 82.41
FFDF FFD Financial Corp. 57.77 56.88
FTSB Fort Thomas Financial Corp. 52.81 49.23
HCFC Home City Financial Corp. 55.54 54.29
KYF Kentucky First Bancorp Inc. 53.63 51.11
LOGN Logansport Financial Corp. 38.75 35.59
MSBF MSB Financial Inc. 55.35 50.86
NSLB NS&L Bancorp Inc. 68.48 64.48
PFFC Peoples Financial Corp. 66.44 66.13
SFFC StateFed Financial Corp. 52.28 50.02
- -------------------------------------------------------------------------------------
Average 59.75 57.32
Median 55.45 52.70
Maximum 88.31 85.91
Minimum 38.75 35.59
MIVI Mississippi View Holding Co. 57.68 54.88
Variance to the Comparable Median 2.24 2.18
Sources: SNL and FinPro Computations
FIGURE 11 - CORE EARNINGS DATA
Income
--------------------------------------------------------------------------------
Net Income Core Income Core EPS EPS Net Income Core Income
Ticker Short Name LTM LTM LTM LTM MRQ MRQ
- ------------------------------------------------------------------------------------------------------------------------------------
Comparable Thrift Data
ATSB AmTrust Capital Corp. 288 125 0.25 0.57 64 (4)
CKFB CKF Bancorp Inc. 1,117 843 0.97 1.29 214 214
FFBI First Financial Bancorp Inc. 124 251 0.61 0.30 49 (2)
FFDF FFD Financial Corp. 1,607 772 0.56 1.19 164 164
FTSB Fort Thomas Financial Corp. 1,185 1,185 0.82 0.82 306 306
HCFC Home City Financial Corp. 888 900 0.99 0.98 251 250
KYF Kentucky First Bancorp Inc. 993 983 0.77 0.78 207 204
LOGN Logansport Financial Corp. 1,232 1,249 0.96 0.95 360 367
MSBF MSB Financial Inc. 1,123 1,038 0.84 0.91 308 263
NSLB NS&L Bancorp Inc. 426 418 0.65 0.66 94 94
PFFC Peoples Financial Corp. 684 674 0.49 0.49 122 122
SFFC StateFed Financial Corp. 1,096 1,096 0.72 0.72 273 273
- ------------------------------------------------------------------------------------------------------------------------------------
Average 897 795 0.72 0.81 201 188
Median 1,045 872 0.75 0.80 211 209
Maximum 1,607 1,249 0.99 1.29 360 367
Minimum 124 125 0.25 0.30 49 (4)
MIVI Mississippi View Holding Co. 744 732 0.94 0.95 177 175
Variance to the Comparable Median (301) (140) 0.20 0.15 (34) (34)
Income
-----------------------------
Core EPS EPS
Ticker Short Name MRQ MRQ
- -------------------------------------------------------------------------------
Comparable Thrift Data
ATSB AmTrust Capital Corp. 0.13 (0.01)
CKFB CKF Bancorp Inc. 0.26 0.26
FFBI First Financial Bancorp Inc. 0.12 0.00
FFDF FFD Financial Corp. 0.12 0.12
FTSB Fort Thomas Financial Corp. 0.21 0.21
HCFC Home City Financial Corp. 0.24 0.24
KYF Kentucky First Bancorp Inc. 0.16 0.16
LOGN Logansport Financial Corp. 0.29 0.30
MSBF MSB Financial Inc. 0.25 0.21
NSLB NS&L Bancorp Inc. 0.14 0.14
PFFC Peoples Financial Corp. 0.09 0.09
SFFC StateFed Financial Corp. 0.18 0.18
- -------------------------------------------------------------------------------
Average 0.18 0.16
Median 0.17 0.17
Maximum 0.29 0.30
Minimum 0.09 (0.01)
MIVI Mississippi View Holding Co. 0.24 0.24
Variance to the Comparable Median 0.07 0.07
Sources: SNL and FinPro Computations
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 27
================================================================================
Currently, investors are focusing on earnings sustainability as the interest
rate volatility has caused wide variation in income levels. With the intense
competition for both assets and deposits, banks can not easily replace lost
spread and margin with balance sheet growth.
Based on the Bank's historical earnings performance, no adjustment is warranted
to the market value for earnings.
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 28
================================================================================
DIVIDENDS
Historically, banks have not established dividend policies immediately at or
after conversion to stock ownership. Rather, newly converted institutions, in
general, have preferred to establish an earnings track record, fully invest the
conversion proceeds, and allow for seasoning of the stock before establishing a
dividend policy. In the late 1980's and early 1990's however, there was a
tendency toward initiating dividend policies concurrent with the conversion as a
means of increasing the attractiveness of the issue and to utilize the proceeds.
The last few years have seen yet another shift away from dividend policies
concurrent with conversion. Recent issues have been fully or over subscribing
without the need for the additional enticement of dividends. After the
conversion is another issue, however. Recent pressures on ROE and on internal
rate of returns to investors has prompted the industry toward cash dividends.
This trend is exacerbated by the lack of growth potential. Typically, when
institutions are in a growth mode, they issue stock dividends or do not declare
a dividend. When growth is stunted, these institutions shift toward reducing
equity levels and thus utilize cash dividends as a tool in this regard.
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 29
================================================================================
FIGURE 12 - DIVIDENDS DATA
Dividends
-----------------------------
Current LTM Dividend
Dividend Payout
Yield Ratio
Ticker Short Name ($) (%)
- ------------------------------------------------------------------------------
Comparable Thrift Data
ATSB AmTrust Capital Corp. 1.290 35.090
CKFB CKF Bancorp Inc. 2.532 113.950
FFBI First Financial Bancorp Inc. 0.000 0.000
FFDF FFD Financial Corp. 1.333 23.110
FTSB Fort Thomas Financial Corp. 1.639 36.590
HCFC Home City Financial Corp. 1.933 33.670
KYF Kentucky First Bancorp Inc. 3.540 64.100
LOGN Logansport Financial Corp. 2.238 42.110
MSBF MSB Financial Inc. 1.805 29.950
NSLB NS&L Bancorp Inc. 2.857 75.760
PFFC Peoples Financial Corp. 3.030 NM
SFFC StateFed Financial Corp. 1.379 27.780
- ------------------------------------------------------------------------------
Average 1.965 43.828
Median 1.869 35.090
Maximum 3.540 113.950
Minimum 0.000 0.000
MIVI Mississippi View Holding Co. 1.600 16.840
Eleven of the twelve Comparable institutions had declared dividends. The median
dividend payout ratio for the Comparable Group was 35.09%, ranging from a high
of 113.95% to a low of 0.00%. The Bank's dividend payout ratio is below the
Comparable average while the current dividend yield is in line with the
Comparable Group. The Bank has adequate capital to afford dividends. No
adjustment is warranted for this factor.
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 30
================================================================================
MARKETABILITY OF THE ISSUE
The Comparable Group is by definition composed only of companies that trade in
the public markets with all of the Comparables trading on NASDAQ or AMEX.
Typically, the number of shares outstanding and the market capitalization
provides an indication of how much marketability there will be in a given stock.
The actual marketability can be measured by volume traded over a given period of
time.
FIGURE 13 - PERCENTAGE TRADED
- --------------------------------------------------------------------------------
Volume for February 1998 as a
percent of outstanding shares
- --------------------------------------------------------------------------------
AmTrust Capital 3.40%
CKF Bancorp 1.70%
First Financial 1.50%
FFD Financial 2.60%
Fort Thomas Financial 2.40%
Home City Financial 0.10%
Kentucky First Bancorp 6.20%
Logansport Financial 12.20%
MSB Financial 0.50%
NS&L Bancorp 4.10%
Peoples Financial 3.60%
StateFed Financial Corp 1.30%
- --------------------------------------------------------------------------------
Median 2.50%
Mississippi View Holding Company 3.80%
- --------------------------------------------------------------------------------
Variance to median 1.30%
- --------------------------------------------------------------------------------
Sources: SNL and FinPro Computations
The Bank's trading level is greater than the Comparable median. However, the
Bank has recently been delisted from NASDAQ. Though the Bank was more liquid
than the Comparables, it will become less so now that it is no longer listed on
NASDAQ. Based on this factor, a discount appears warranted. This discount is
partially mitigated by the lower than average trading volume of the Comparables.
A discount of 5% is warranted for this factor.
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 31
================================================================================
RECENT REGULATORY MATTERS
Recently, regulators have been concerned with capital redistributions from
thrifts which have converted within the past three years. Regulatory agencies
are publicly indicating that they will enforce the limits of stock buy backs to:
0% in the first year, 5% in the second year and 5% in the third year.
This threat to over-capitalized institutions, of not being able to use all of
the capital markets tools available, will hurt the stocks attractiveness, as it
will put them at a significant competitive disadvantage to the rest of the
industry.
However, no adjustment for this measure is warranted because the majority of the
Comparables converted within the last three years and are bound by the same
limitations.
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 32
================================================================================
- -----------------------------------------------------
Summary of Adjustments
- -----------------------------------------------------
Overall, FinPro believes that the Bank pro-forma market value should be
discounted relative to the Comparable Group, reflecting the following
adjustments.
FIGURE 15 - VALUATION ADJUSTMENTS
- ------------------------------------------------------------------------------------------------------------
Key Valuation Parameters Valuation Adjustments Discount / Premium
- ------------------------------------------------------------------------------------------------------------
Balance Sheet Strength No Adjustment 0%
Asset Quality No Adjustment 0%
Earnings Quality, Predictability and Growth No Adjustment 0%
Dividends No Adjustment 0%
Marketability of the Issue Slight Downward 5%
Recent Regulatory Matters No Adjustment 0%
- ------------------------------------------------------------------------------------------------------------
The Bank and the Comparable Group are very similar in their performance and
condition.
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 33
================================================================================
- -----------------------------------------------------
Market for Seasoned Thrifts
- -----------------------------------------------------
Data for all public thrifts as of April 2, 1998 is provided in Exhibit 2. A
common measure utilized as a proxy for the performance of the thrift industry is
the SNL thrift index, graphically shown below and tabularly shown on the
following page:
FIGURE 16 - SNL THRIFT INDEX CHART
[GRAPHIC OMITTED]
Source: SNL Securities
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 34
================================================================================
FIGURE 17 - HISTORICAL SNL INDEX
- ----------------------------------------------------------------------------------------------------------------------------
SNL THRIFT INDEX MONTHLY PERFORMANCE
January 2, 1992 to April 2, 1998
- ----------------------------------------------------------------------------------------------------------------------------
SNL % Change % Change % Change % Change % Change % Change % Change
Thrift Since Since Since Since Since Since Since
Date Index 01/02/92 01/04/93 01/03/94 12/30/94 12/29/95 12/31/96 12/31/97
---- ----- -------- -------- -------- -------- -------- -------- --------
Jan-92 143.9 - - - - - - -
Jul-92 175.1 21.7% - - - - - -
Jan-93 201.1 39.7% - - - - - -
Jul-93 220.5 53.2% 9.6% - - - - -
Jan-94 252.5 75.5% 25.6% - - - - -
Jul-94 273.8 90.3% 36.2% 8.4% - - - -
Jan-95 256.1 78.0% 27.3% 1.4% - - - -
Jul-95 328.2 128.1% 63.2% 30.0% 28.2% - - -
Jan-96 370.7 157.6% 84.3% 46.8% 44.7% - - -
Jul-96 389.9 171.0% 93.9% 54.4% 52.2% 5.2% - -
Jan-97 520.1 261.4% 158.6% 106.0% 103.1% 40.3% - -
Jul-97 684.5 375.7% 240.4% 171.1% 167.3% 84.7% 31.6%
Jan-98 768.3 433.9% 282.0% 204.3% 217.1% 104.1% 58.9% -5.6%
Apr-98 884.3 514.5% 339.7% 250.2% 265.0% 134.9% 82.9% 8.6%
Sources: SNL and FinPro Computations
As the Figures 16 and 17 illustrate, the performance of the SNL index has been
robust through 1996 and 1997. The dip in the index, occurring in late 1994, was
the product of the interest rate rise during that period along with the overall
uneasiness in the stock market in general.
Thrift pricing in general was robust in 1995 due to the falling interest rates,
the industry consolidation and renewed earnings. Contrasting this view, in late
1994 investors faced shrinking spreads and margins due to rising rates and
consolidation that was tailing off and slowing down. The blockbuster level of
consolidations have led many investors to think that all institutions are fair
game for acquisitions and prices have risen accordingly.
As Figure 16 and 17 show, in 1997, the SNL index has continued to increase as a
result of the flat interest rate environment. In addition, the market continues
to demonstrate evidence of acquisition speculation.
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 35
================================================================================
- -----------------------------------------------------
Market Multiples
- -----------------------------------------------------
The following table provides the key market multiples for the Comparable Group
FIGURE 18 - COMPARABLE TRADING MULTIPLES
---------------------------------------------------------------------------------
Current Price in Relation to
---------------------------------------------------------------------------------
Price/ Price/ Tangible
Earnings LTM EPS LTM Core EPS Core Book Value Book Value Assets
Ticker (x) (x) (x) (x) (%) (%) (%)
- -------------------------------------------------------------------------------------------------------------------------------
Comparable Group
ATSB AmTrust Capital Corp. 29.81 27.19 62.00 NM 105.73 106.82 11.45
CKFB CKF Bancorp Inc. 18.99 15.31 20.36 18.99 115.23 115.23 27.24
FFBI First Financial Bancorp Inc. 52.60 84.17 41.39 NM 137.45 137.45 12.69
FFDF FFD Financial Corp. 46.88 18.91 40.18 46.88 146.29 146.29 35.19
FTSB Fort Thomas Financial Corp. 18.15 18.60 18.60 18.15 142.39 142.39 22.51
HCFC Home City Financial Corp. 19.40 19.01 18.81 19.40 120.39 120.39 23.45
KYF Kentucky First Bancorp Inc. 22.07 18.11 18.34 22.07 124.78 124.78 21.24
LOGN Logansport Financial Corp. 15.41 18.82 18.62 14.90 136.24 136.24 26.17
MSBF MSB Financial Inc. 16.63 18.27 19.79 19.79 157.43 157.43 26.54
NSLB NS&L Bancorp Inc. 31.25 26.52 26.92 31.25 105.17 105.93 20.76
PFFC Peoples Financial Corp. 45.83 33.67 33.67 45.83 150.27 150.27 28.35
SFFC StateFed Financial Corp. 20.14 20.14 20.14 20.14 144.42 144.42 25.49
Comparable Average 28.10 26.56 28.24 25.74 132.15 132.30 23.42
Comparable Median 21.11 18.96 20.25 19.97 136.85 136.85 24.47
MIVI Mississippi View Holding Co. 20.83 21.05 21.28 20.83 118.69 118.69 21.57
Sources: SNL and FinPro Computations
Note: The multiples for Mississippi View are based on the price of the Bank's
last trade on NASDAQ of $20 per share, the Bank's most recent trade was $18.50
The Bank is trading at a discount on a price to book basis when compared to the
Comparable Group, all public thrifts, all Minnesota public thrifts and all
public thrifts with < $100 million in assets. The Bank is, however, trading at a
premium on a price to LTM EPS basis when compared to the Comparable Group, all
public thrifts, and all public Minnesota thrifts.
FIGURE 19 - MARKET TRADING MULTIPLES
---------------------------------------------------------------------------------------
Current Price in Relation to
---------------------------------------------------------------------------------------
Price/ Price/ Tangible
Earnings LTM EPS LTM Core EPS Core Book Value Book Value Assets
(x) (x) (x) (x) (%) (%) (%)
---------------------------------------------------------------------------------------
Comparable Average 28.10 26.56 28.24 25.74 132.15 132.30 23.42
Comparable Median 21.11 18.96 20.25 19.97 136.85 136.85 24.47
All Public Average 24.84 24.73 25.98 27.67 182.83 190.48 21.45
All Public Median 20.23 20.81 22.11 22.02 161.16 165.08 19.22
Minnesota Average 18.61 18.90 19.87 20.08 136.44 138.29 19.08
Minnesota Median 19.35 19.63 19.90 19.35 133.81 133.81 18.13
Assets less than
$100 Million Average 26.89 26.89 26.89 26.89 136.57 136.57 136.57
Assets less than
$100 Million Median 23.01 23.01 23.01 23.01 126.12 126.12 126.12
Mississippi View Holding Co. 20.83 21.05 21.28 20.83 118.69 118.69 21.57
Sources: SNL and FinPro Computations
Note: The multiples for Mississippi View are based on the price of the Bank's
last trade on NASDAQ of $20 per share, the Bank's most recent trade was $18.50
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 36
================================================================================
- -----------------------------------------------------
Imputed Value
- -----------------------------------------------------
Based upon the current market trading multiples and adjustments to value, it is
FinPro's opinion that a fair market trading value for the stock is $19.03 per
share.
FIGURE 20 - VALUATION COMPUTATION
- --------------------------------------------------------------------------------
Price to Price to Price to
Earnings Book Tangible Book
- --------------------------------------------------------------------------------
Comparable Median 18.96 136.85% 136.85%
Adjustment (Marketability) -5.00% -5.00% -5.00%
Adjusted Multiples 18.01 130.01% 130.01%
Imputed Price $ 17.11 $ 21.91 $ 21.91
Weight 60% 20% 20%
Weighted Price $ 19.03
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 37
================================================================================
- -----------------------------------------------------
B. Comparable Sales
- -----------------------------------------------------
The number of national bank acquisitions continues to demonstrate its cyclical
nature; thrifts deals, however, did deviate in the fourth quarter of 1997.
FIGURE 21 - DEALS FOR LAST TWELVE QUARTERS
[GRAPHIC OMITTED]
Source: SNL Securities
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 38
================================================================================
From 1995 through April 2, 1998, thrift deal prices have grown substantially. As
illustrated by the following graphs and tables, thrift deal prices as a multiple
of book value, tangible book value and earnings continue to climb for all
thrifts, thrift acquisitions of a similar size and thrifts in the Midwest
region. The price to assets and price to deposits multiples have declined for
the Midwest region and deals of a similar size.
FIGURE 22 - THRIFT ACQUISITION MULTIPLES, PRICE TO BOOK
[GRAPHIC OMITTED]
Source: SNL Securities
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 39
================================================================================
FIGURE 23 - THRIFT ACQUISITION MULTIPLES, PRICE TO TANGIBLE BOOK
[GRAPHIC OMITTED]
Source: SNL Securities
FIGURE 24 - THRIFT ACQUISITION MULTIPLES, PRICE TO EARNINGS
[GRAPHIC OMITTED]
Source: SNL Securities
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 40
================================================================================
FIGURE 25 - THRIFT ACQUISITION MULTIPLES, PRICE TO ASSETS
[GRAPHIC OMITTED]
Source: SNL Securities
FIGURE 26 - THRIFT ACQUISITION MULTIPLES, PRICE TO DEPOSITS
[GRAPHIC OMITTED]
Source: SNL Securities
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 41
================================================================================
FIGURE 27 - DEAL MULTIPLES
- --------------------------------------------------------------------------------
Median Price to LTM Earnings 1995 1996 1997 1998 YTD
Thrifts - Nationwide 18.4 17.6 24.6 26.4
Thrifts - Midwest 20.1 23.9 24.5 27.3
Thrifts - Deal Value $10-50 Million 17.5 18.3 25.5 30.6
Average Price to Book
Thrifts - Nationwide 144.7 149.5 185.5 215.8
Thrifts - Midwest 136.7 138.7 167.7 240.3
Thrifts - Deal Value $10-50 Million 146.0 141.0 169.7 172.0
Average Price to Tangible Book
Thrifts - Nationwide 150.0 153.6 192.3 221.7
Thrifts - Midwest 137.9 141.9 169.8 247.9
Thrifts - Deal Value $10-50 Million 155.8 144.1 171.0 172.0
Average Price to Assets
Thrifts - Nationwide 14.8 15.0 18.4 20.9
Thrifts - Midwest 17.9 17.4 20.7 18.4
Thrifts - Deal Value $10-50 Million 15.3 16.7 19.1 17.7
Average Price to Deposits
Thrifts - Nationwide 19.2 19.9 24.9 28.3
Thrifts - Midwest 23.8 23.1 28.6 26.1
Thrifts - Deal Value $10-50 Million 20.0 22.1 24.5 21.3
- --------------------------------------------------------------------------------
Source: SNL Securities
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 42
================================================================================
- -----------------------------------------------------
Local Acquisitions of Similar Size
- -----------------------------------------------------
In the Midwest region there are five pending acquisitions within a relatively
comparable size range. They are as follows:
FIGURE 28 - PENDING ACQUISITIONS TABLE
- ------------------------------------------------------------------------------------------------------------------------------------
Announced Regional Thrift Deals Since April 2, 1997
Ann'd
Completed/ Deal
Bank/ Bank/ Announced Terminated Value
Buyer ST Thrift Seller ST Thrift Date Status Date ($M)
----- -- ------ ------ -- ------ ---- ------ ---- ----
Blue River Bancshrs IN Bank Shelby County Bncrp IN Thrift 02/27/98 Pending NA 10.8
Southside Bancshares MO Bank Public Srvc Bk, FSB MO Thrift 02/26/98 Pending NA 8.5
Citizens Finl Svcs IN Thrift SuburbFed Financial IL Thrift 12/30/97 Pending NA 46.5
First State Bancshrs MO Bank Joachim Bancorp Inc. MO Thrift 12/29/97 Pending NA 12.8
Waterfield Mortgage IN Thrift Indiana Community Bk IN Thrift 10/31/97 Pending NA 22.1
Medians
- ------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
Announced Regional Thrift Deals Since April 2, 1997
-------------------------------------------------------------------------
Announced Deal
-------------------------------------------------------------------------
Price Price Price Price Price Price
Consider Per To BV Tang. BV 4-Qtr Deposits Assets
Buyer Type Share ($) (%) (%) EPS (x) (%) (%)
----- ---- --------- --- --- ------- --- ---
Blue River Bancshrs Cash 58.0 136.3 136.3 19.0 15.3 11.1
Southside Bancshares Mixture NA 194.8 194.8 31.6 15.1 12.1
Citizens Finl Svcs Com Stock 36.0 158.3 158.9 17.7 14.8 10.8
First State Bancshrs Cash 17.3 126.3 126.3 45.4 52.0 36.5
Waterfield Mortgage Cash 21.7 175.0 175.0 NA 27.1 23.6
158.33 158.86 25.28 15.26 12.06
- ----------------------------------------------------------------------------------------------------------------
Sources: SNL and FinPro Computations
In the last year, April 2, 1997 through April 2, 1998, the Midwest region saw
the completion of eleven acquisitions within a relatively comparable size range.
They are as follows:
FIGURE 29 - COMPLETED ACQUISITIONS TABLE
- ------------------------------------------------------------------------------------------------------------------------------------
Announced Regional Thrift Deals Since April 2, 1997
Ann'd
Completed/ Deal
Bank/ Bank/ Announced Terminated Value
Buyer ST Thrift Seller ST Thrift Date Status Date ($M)
----- -- ------ ------ -- ------ ---- ------ ---- ----
AMCORE Financial IL Bank Midwest Federal Finl WI Thrift 11/12/97 Completed 03/27/98 47.9
Mercantile Bancorp MO Bank HomeCorp Inc. IL Thrift 10/29/97 Completed 03/02/98 51.0
First FSB- Siouxland IA Thrift GFS Bancorp Inc. IA Thrift 10/17/97 Completed 03/31/98 18.3
North Central Bcshrs IA Thrift Valley Fin'l Corp IA Thrift 09/19/97 Completed 01/30/98 14.7
Camco Fin'l Corp OH Thrift GF Bancorp, Inc OH Thrift 07/28/97 Completed 01/08/98 11.0
Enterprise Fedl Bncp OH Thrift North Cincinnati SB OH Thrift 07/21/97 Completed 02/25/98 9.7
Washington Bancorp IA Thrift Rubio Savings Bank IA Thrift 07/02/97 Completed 01/15/98 4.7
HMN Financial, Inc. MN Thrift Marshalltown Fin'l IA Thrift 07/01/97 Completed 12/09/97 26.2
Oak Hill Financial OH Bank Unity Savings Bank OH Thrift 04/29/97 Completed 10/02/97 12.6
Central Illinois Bcp IL Bank First Ozaukee Capt'l WI Thrift 04/25/97 Completed 09/10/97 9.6
Peoples Bancorp OH Bank Gateway Bancorp KY Thrift 04/25/97 Completed 12/12/97 23.1
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
Announced Regional Thrift Deals Since April 2, 1997
Price Price Price Price Price Price
Consider Per To BV Tang. BV 4-Qtr Deposits Assets
Type Share ($) (%) (%) EPS (x) (%) (%)
---- --------- --- --- ------- --- ---
AMCORE Financial Com Stock 31.111 265.91 275.08 18.41 30.05 22.63
Mercantile Bancorp Com Stock 27.635 209.36 209.36 31.76 16.65 15.37
First FSB- Siouxland Cash 17.650 157.17 157.17 15.48 29.57 19.36
North Central Bcshrs Cash 525.000 169.79 169.79 12.31 14.43 13.20
Camco Fin'l Corp Com Stock 35.310 158.98 158.98 25.77 27.40 22.24
Enterprise Fedl Bncp Mixture NA 167.50 167.50 48.99 19.35 16.01
Washington Bancorp Cash 2,334.000 143.59 143.59 17.48 NA NA
HMN Financial, Inc. Cash 17.510 122.45 122.45 30.72 25.26 20.88
Oak Hill Financial Com Stock 134.609 168.77 168.95 22.18 26.17 19.33
Central Illinois Bcp Cash 15.100 114.48 114.48 NA 36.13 27.17
Peoples Bancorp Mixture 21.900 135.60 135.60 37.12 51.49 36.90
Medians 158.98 158.98 23.98 26.79 20.12
----------------------------------------------------------------------------------------
Sources: SNL and FinPro Computations
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 43
================================================================================
- -----------------------------------------------------
Minority Interest Discount
- -----------------------------------------------------
As the current transaction involves the repurchase of up to 30% of the
outstanding shares, not 100% of the outstanding shares, it is appropriate to
apply a minority interest discount. As this is not a forced transaction, such as
an acquisition, there should not be a "take out" or "control" premium. By
applying a minority discount, the "take out" and "control" premiums are removed
from the acquisition multiples.
There have been numerous publications which address this issue. In Banking
Circular 259, the Office of the Controller of Currency states:
"For mergers and consolidations, the OCC recognizes that purchase
premiums do exist and may, in some instances, be paid in the purchase
of small blocks of shares. However, the payment of purchase premiums
depends entirely on the acquisition or control plans of the
purchasers, and such payments are not regular or predictable elements
of market value. Consequently, the OCC's valuation methods do not
include consideration of purchase premiums in arriving at the value of
shares."
In the Modified Dutch Auction, the Bank will only be repurchasing a minority
block of stock. As the acquisition multiples, used for comparison, include a
"take out" or "control" premium, a minority discount is warranted in order to
mitigate this "take out" or "control" premium. In this particular instance, a
10% minority discount is appropriate.
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 44
================================================================================
- -----------------------------------------------------
Marketability Discount
- -----------------------------------------------------
Institutions which do not have a liquid trading market typically trade at a
discount to publicly traded institutions with a liquid market, all else being
equal. As the Bank has recently been delisted from NASDAQ, a discount for
marketability is warranted.
Sheshunoff's Mergers and Acquisitions, states:
"Marketability definitely adds value to a security; conversely, lack of
marketability detracts from the value of a security."
In determining the discount warranted for this factor, FinPro looked at the
performance of pink sheet thrifts stock multiples in comparison to publicly
traded thrift stocks.
FIGURE 30 - MARKETABILITY DISCOUNT CALCULATION
- -----------------------------------------------------------------------------
Price to Price to
Earnings Book
- -----------------------------------------------------------------------------
Minnesota Publicly Traded Thrift Median 18.8 133
National Pink Sheet Thrift Median 18.5 107
- -----------------------------------------------------------------------------
Percent Discount 1.60% 19.55%
Weight 60% 40%
Weighted Discount 8.78%
- -----------------------------------------------------------------------------
As the table above illustrates, the market appears to discount illiquid stocks
by approximately 10%. It is interesting to note that when the Bank was delisted
from NASDAQ, the price dropped from $20 per share to $18.50 per share, a 7.50%
decline.
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 45
================================================================================
- -----------------------------------------------------
Imputed Value
- -----------------------------------------------------
Based upon the current institution sale multiples and adjustments to value, the
weighted average price is $20.33 per share.
FIGURE 31 - IMPUTED VALUE USING COMPARABLE SALES DATA
- -------------------------------------------------------------------------------
Price to Price to Price to
Earnings Book Tangible Book
- -------------------------------------------------------------------------------
Comparable Median 25.28 158.33% 158.86%
Adjustments (Minority) -10.00% -10.00% -10.00%
Adjusted Multiples 22.75 142.50% 142.97%
Adjustments (Marketability) -10.00% -10.00% -10.00%
Adjusted Multiples 20.48 128.25% 128.68%
Imputed Price $ 19.46 $ 21.61 $ 21.68
Weight 60% 20% 20%
Weighted Price $ 20.33
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 46
================================================================================
4. Investment Value
The investment value is sometimes referred to as the income value or earnings
value. One investment value method frequently used estimates the present value
of an enterprise's future earnings or cash flow. Another popular investment
value method is to determine the level of current annual benefits (earnings,
cash flow, dividends, etc.), and then capitalize one or more of the benefit
types using an appropriate capitalization rate such as an earnings or dividend
yield. Yet another method of calculating investment value is a cash flow
analysis of the ability of a banking company to service acquisition debt
obligations (at a certain price level) while providing sufficient earnings for
reasonable dividends and capital adequacy requirements. In connection with the
cash flow analysis, the return on investment that would accrue to a prospective
buyer at the transaction value is calculated. The investment value methods which
were analyzed in connection with this transaction were the net present value
analysis, and the return on investment analysis, which are discussed below.
- -----------------------------------------------------
A. Net Present Value
- -----------------------------------------------------
The investment of earnings value of any banking organization's stock is an
estimate of present value of the future benefits, usually earnings, cash flow or
dividends, which will accrue to the stock. An earnings value is calculated using
an annual future earnings stream over a period of time of no less than ten years
and the residual value of the earnings stream after ten years, assuming no
earnings growth, and an appropriate capitalization rate (the net present value
discount rate). FinPro's computations were based on an analysis of the banking
industry, the economic and competitive situations in the Company's market area,
its current financial condition and historical levels of growth and earnings
The first step in evaluating the present value of future benefits is to
determine the recurring cash earnings of the Bank. Based on financial data as of
December 31, 1997, the recurring cash earnings of the Bank was $940 thousand.
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 47
================================================================================
FIGURE 32 - CASH EARNINGS CALCULATION
- -------------------------------------------------------------------------------
Cash Earnings Computation
Twelve Month Data as of 12/31/97
- -------------------------------------------------------------------------------
$ in thousands
Net income 743
Add:
Provision for loan loss* -
Depreciation* 60
ESOP fair value adjustment* 21
Non-Cash Dividends* (3)
Amortization of ESOP* 37
Amortization of MSBP* 42
Tax benefit of MSBP* 9
Amort/Accretion premiums and discounts* 20
Net (gains) on sales of foreclosed real estate* (8)
Net loan fees deferred* 17
Net increase in unearned MSBP* 2
- -------------------------------------------------------------------------------
Cash Earnings 940
Cash ROE 7.54%
- -------------------------------------------------------------------------------
* Tax impacted at 37%
These earnings are translated to a cash ROE which is held constant over a 10
year period. It is assumed that the Bank's dividend payout ratio of 16.84% is
maintained. All cash flows are discounted at 12.00%. The residual value is
determined by assuming that the Bank will be sold at 25.70 times the cash
earnings at the tenth year.
FIGURE 33 - DISCOUNTED CASH FLOW RESULTS
- --------------------------------------------------------------------------------
12/31/97 12/31/98
-------------------------------
Begining Equity $ 12,476 12,476
Cash Earnings 940
Dividends Paid (assumes 16.84% payout) 158
---
Resultant Cash Flow 782
Discounted Cash Flow to the Investor 141
(Pre-tax)
NPV 13,132
Shares Outstanding 657
NPV/Share $ 20.00
- -------------------------------------------------------------------------------
The present value of the Bank's future cash flows and residual value is $13.1
million or $20.00 per share, based on 656,629 shares.
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 48
================================================================================
- -----------------------------------------------------
B. Return on Investment
- -----------------------------------------------------
Return on investment (ROI) analysis assumes the formation of a bank holding
company and analyzes the ten year ROI of an equity investment equal to the
Company's book value at December 31, 1997, assuming a constant return on equity
of 5.96%, with a liquidation at book value in the year 2007, as opposed to a
sale at 25.7 times projected earnings for the year 2007.
This ROI analysis provides a benchmark for assessing the validity of the fair
market value of a majority block of stock. The ROI analysis is one approach to
valuing a going concern, and is directly impacted by the earnings stream,
dividend payout levels and levels of debt, if any. Other financial and
non-financial factors indirectly affect the ROI; however, these factors more
directly influence the level of ROI an investor would demand from an investment
in a majority block of stock of a specific bank at a certain point in time.
The ROI, assuming a constant return on equity of 5.96% with liquidation at book
value in 2007, is 5.96%, and sale at 25.7 projected earnings in 2007, is 9.86%.
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 49
================================================================================
- -----------------------------------------------------
C. Price Equity Index
- -----------------------------------------------------
Furthermore, a price level indicator, the equity index, may be used to confirm
the validity of the transaction value. The equity index adjusts the price to
equity multiple in order to facilitate a truer price level comparison with
comparable banking organizations, regardless of differing levels of equity
capital. The equity index is derived by multiplying the price to equity multiple
by the equity-to-assets ratio. The following table sets forth the average price
equity indexes for all Minnesota transactions, for all Comparable transactions,
and for the Company for the years 1997, 1996 and 1995.
FIGURE 34 - EQUITY INDEX
- --------------------------------------------------------------------------------
1997 1996 1995
equity index equity index equity index
- --------------------------------------------------------------------------------
Mississippi View 0.2008 0.1510 0.1506
Comparables 0.1963 0.1790 0.2080
Minnesota 0.2026 0.1716 0.1506
Proposed Price low $19.50 0.2038
Proposed Price high $21.50 0.2247
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 50
================================================================================
5. Conclusion
Based upon the terms of the Modified Dutch Auction and the market conditions as
they existed on April 2, 1998, it is FinPro's opinion that the value of
Mississippi Views stock is approximately $20.00 per share. It is also FinPro's
Opinion that this is fair and equitable from a financial perspective to the
Company and its shareholders.
In order to incent shareholders to tender their stock an incentive premium must
be offered. The following table lists the completed Modified Dutch Auctions over
the past two years. An incentive premium of approximately 7.50% to 10.00%
appears to be warranted.
FIGURE 35 - RECENT MODIFIED DUTCH AUCTIONS
- --------------------------------------------------------------------------------------------------------------
Modified Dutch Auctions Completed in the Past Two Years
- --------------------------------------------------------------------------------------------------------------
Percent of
Price Prior to Shares Outstanding Closing Incentive
Announcement Range Repurchased Price Premium
- --------------------------------------------------------------------------------------------------------------
PULS $ 15.00 $15.00 - $17.75 21.00% $ 17.75 18.33%
THRD $ 19.25 $22.50 - $26.00 26.00% $ 26.00 35.06%
PHBK $ 22.00 $21.00 - $24.00 9.90% $ 24.00 9.09%
SHEN $ 21.00 $21.00 - $23.75 8.75% $ 23.75 13.10%
FFYF $ 24.75 $24.00 - $26.00 29.30% $ 26.00 5.05%
- --------------------------------------------------------------------------------------------------------------
Median Incentive Premium 13.10%
- --------------------------------------------------------------------------------------------------------------
Based upon the terms of the Modified Dutch Auction and the market conditions as
they existed on April 2, 1998 it is FinPro's opinion that a range from $19.50
per share to $21.50 per share should be established for the Tender Offer. It is
also FinPro's opinion that this range is fair and equitable from a financial
perspective to the Company and its shareholders.
Sincerely,
Donald J. Musso
President
FinPro, Inc.
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 51
================================================================================
Appendix 1 Economics of the Repurchase
At the high end of the range, the Tender Offer dilutes book value per share from
$16.30 to $14.08. However, the transaction is very accretive to earnings.
Earnings per share would increase from $1.00 to $1.10. As thrifts trade
primarily on an earnings basis, this transaction makes economic sense even at
the high end of the range.
At December 31, 1997
--------------------
Number of shares (1) 736,864
Net Worth $12,067,904
LTM Earnings $739,715
Stock price $18.500
Earnings per share $1.0039
Book Value per share $16.38
Tax Rate 36.00%
(1) Note: 3,379 shares repurchased 3/19/98
Buyback Assumptions
-------------------
Amount of buyback 30.00%
Opportunity cost of capital 5.50%
Buyback price assumed $21.500 High end of Range
Buyback amount in shares 221,059
Buyback amount in dollars $4,837,773
Breakeven Levels Proforma Existing
---------------- -------- --------
LTM Earnings $739,715 739,715
Tax affected loss of
earnings on Buyback ($170,290) $739,715
-------------------------------
Proforma Net Income $569,425 $739,715
Shares remaining 515,805 736,864
Proforma Net Income
per share $1.1040 $1.0039
Proforma Book Value $7,230,131 $12,067,904
Proforma Book Value
per share $14.02 $16.38
- --------------------------------------------------------------------------------
Revised 4/9/98
Fairness Opinion
Mississippi View Holding Company April 9, 1998
Page 52
================================================================================
Appendix 2. List of Exhibits
Mississippi View Holding Company
Little Falls, Minnesota
Exhibit
1 Firm Biography
2 Industry Trading Multiples
3 Selected Market Data - All Public Thrifts
4 Acquisition Multiples for Recent Regional Deals
Exhibit 1
- --------------------------------------------------------------------------------
About the Firm
- --------------------------------------------------------------------------------
FinPro, Inc. was established in 1988 as a full service management consulting
firm specializing in providing advisory services to the Financial Institutions
Industry. FinPro provides management advisory services for Banks, Thrifts,
Finance Companies and NonBank Banks. Additionally, FinPro has performed work for
the Federal Bankruptcy Court, Federal Deposit Insurance Corporation, Office of
Thrift Supervision and the Resolution Trust Corporation. FinPro is recognized as
an expert in banking and in loan analysis by the Federal Bankruptcy Court.
FinPro is independently owned, not associated or affiliated with any transaction
oriented firm. This provides FinPro with an unbiased platform from which to make
analytical recommendations. FinPro believes that a client deserves to be told
all of the alternatives, along with their associated benefits and downsides and
that a decision should be made on its merits. This uniquely positions FinPro as
an objective third party willing to suggest the unpopular strategies, unlike its
competitors who rely on a transaction to get paid.
FinPro is headquartered in Liberty Corner, New Jersey and has a branch office in
Buffalo, New York.
FinPro principals are frequent speakers and presenters at financial institution
trade association functions. In addition, FinPro designed the Statistical Report
Analysis currently produced quarterly by the New Jersey Community and Savings
Bankers for its members. FinPro also regularly hosts President's Breakfast for
Presidents of New Jersey Community Banks.
FinPro maintains a library of databases encompassing bank and thrift capital
markets data, census data, branch deposit data, national peer data, market
research data along with many other related topics. As such, FinPro can provide
quick, current and precise analytical assessments based on timely data. In
addition, FinPro's geographic mapping capabilities give it a unique capability
to thematically illustrate multiple issues and to provide targeted marketing
opportunities to its clients.
FinPro has also designed and built PC-based software programs to utilize as
tools in its work. Examples include:
o A proprietary software program (LaRS (R)) to perform loan review
analytics.
o A duration based asset/liability model.
o A five year strategic planning, three year business planning, and one year
budgetary model that completely simulates an entire institution.
o A branch and product profitability model.
o A market performance grid and branch improvement grid model.
o A criteria based market feasibility model.
Using systems such as these, FinPro provides state-of-the-art end products in
all of its product and service areas.
- --------------------------------------------------------------------------------
[GRAPHIC OMITTED] P.O. Box 323 o Liberty Corner o NJ o 07938
Phone: 908 / 604-9336
Fax: 908 / 604-5951
e-mail: finpro@cybernex.net
Website: finpronj.com
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
About the Firm
- --------------------------------------------------------------------------------
LISTING OF SERVICES
- -------------------
FinPro offers a full array of products and services including:
Planning
Strategic and Business Planning
Budgeting
Segment Planning
Asset/Liability Management
Capital Markets
Corporate Finance
Mergers and Acquisitions
Deposit Studies and Valuations
Valuation
Bank Valuations and Franchise Value Enhancement
Bank Appraisals and Fairness Opinions
Market Research
Branch Acquisitions, Sales, Consolidations, Swaps and
Applications
Branch and Product Profitability
Customer Segmentation and Profiling
Competitive Analysis and Positioning
Branch Network Evaluations
Market Feasibility Studies
Site Studies
Market Studies and Market Area Evaluations
Compliance
Portfolio Due Diligence
Geocoding of Loans and Deposits
Compliance Reviews
Loan Review
CRA Analysis and Improvement
Financial
Earnings Improvement Studies
Balance Sheet Restructuring
Operations
Operational and Systems Consulting
Financial Reporting
- --------------------------------------------------------------------------------
[GRAPHIC OMITTED] P.O. Box 323 o Liberty Corner o NJ o 07938
Phone: 908 / 604-9336
Fax: 908 / 604-5951
e-mail: finpro@cybernex.net
Website: finpronj.com
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
About the Firm
- --------------------------------------------------------------------------------
Donald founded FinPro, Inc. in 1987 as a consulting and investment banking firm
located in New Jersey that specializes in providing advisory services to the
financial institutions industry.
Mr. Musso has a broad background in capital markets, bank valuations, enhancing
franchise value, corporate finance, mergers and acquisitions, asset/liability
management, strategic planning, market feasibility and differentiation, branch
acquisition, sales, consolidation and profitability, financial modeling and
analysis, balance sheet restructuring, product and segment profitability,
business development and project management. Besides his consulting experience,
he has solid industry experience, having worked for two $10 billion plus east
coast financial institutions.
Mr. Musso has provided expert testimony on financial institutions matters for
the Federal Bankruptcy Court, the Office of Thrift Supervision and the United
States Attorney's Office.
He is a frequent speaker on Financial Institution related topics and has
assisted trade groups in various activities. Mr. Musso is also on the faculty of
Stonier Graduate School of Banking, teaching Strategic Planning
Prior to establishing FinPro, Donald had direct industry experience having
managed the Corporate Planning and Mergers and Acquisitions departments for
Meritor Financial Group, a $20 billion institution in Philadelphia. Before that,
he had responsibility for the banking, thrift and real estate consulting
practice in the State of New Jersey for Deloitte Haskins & Sells.
Donald has a B.S. in Finance from Villanova University and a M.B.A. in Finance
from Fairleigh Dickenson University.
[GRAPHIC OMITTED]
Donald J. Musso
Managing Director and President
- --------------------------------------------------------------------------------
[GRAPHIC OMITTED] P.O. Box 323 o Liberty Corner o NJ o 07938
Phone: 908 / 604-9336
Fax: 908 / 604-5951
e-mail: finpro@cybernex.net
Website: finpronj.com
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
About the Firm
- --------------------------------------------------------------------------------
Ken joined the firm in 1996, bringing with him twelve years of banking and
securities experience.
Mr. Emerson has concentrated on bank valuations, strategic plans, market
feasibility studies, and branch profitability. His experience with respect to
accounting, reporting, and information systems serve him well in this capacity.
Ken's prior employers include Summit Bancorp, Valley Savings Bank, Howard
Savings Bank, Carteret Mortgage Company, CIT Data Corp., and Mahler & Emerson
Inc. Ken has managed financial reporting departments, complying with the
regulatory reporting requirements of the FRB, FDIC, OTS, State of New Jersey
Department of Banking, SEC, and NASD. Additional responsibilities have included
asset/liability, cash, back office, operations, objective and LAN management and
shareholder reporting, budgeting, acquisitions, sales, conversions, interfaces,
and FASB implementation.
Ken is a frequent speaker on Financial Institution related topics and is a
member of the AICPA and NJSCPA.
Mr. Emerson has a B.A. in Accounting from Franklin & Marshall College and is a
licensed CPA in the state of New Jersey.
[GRAPHIC OMITTED]
Kenneth G. Emerson, CPA
Director
- --------------------------------------------------------------------------------
[GRAPHIC OMITTED] P.O. Box 323 o Liberty Corner o NJ o 07938
Phone: 908 / 604-9336
Fax: 908 / 604-5951
e-mail: finpro@cybernex.net
Website: finpronj.com
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
About the Firm
- --------------------------------------------------------------------------------
Dennis joined the firm in June of 1996.
Dennis has refined FinPro's interest rate risk product and currently manages all
of the Firm's interest rate risk engagements. Additionally, he has concentrated
on merger and acquisition transactions, divestitures, shareholder value
enhancements and has designed and built FinPro's acquisition opportunity ranking
model. Conversion appraisals, market feasibility, competitive analysis, branch
profitability and branch sales/acquisitions are other areas of specialization.
Prior to joining the firm, Dennis received broad based experience in the
securities industry. He worked for Merrill Lynch & Company supporting their
Mortgage-Backed trading desk in New York, as an Allocations Specialist and for
Sandler O'Neill & Partners, where he provided sales
and trade support.
He received a B.S. from Babson College with a triple-major in Finance,
Investments and Economics.
[GRAPHIC OMITTED]
Dennis E. Gibney
Senior Financial Analyst
- --------------------------------------------------------------------------------
[GRAPHIC OMITTED] P.O. Box 323 o Liberty Corner o NJ o 07938
Phone: 908 / 604-9336
Fax: 908 / 604-5951
e-mail: finpro@cybernex.net
Website: finpronj.com
- --------------------------------------------------------------------------------
Exhibit 2
Industry Multiples
Pricing Data as of April 2, 1998
Current Current
Stock Market
Total Price Value
Ticker State Exchange Assets ($) ($M)
- --------------------------------------------------------------------------------------------------------------------------------
%CAL California Federal Bank CA Private 30,876,530 NA NA
%CCMD Chevy Chase Bank, FSB MD Private 6,160,256 NA NA
AABC Access Anytime Bancorp Inc. NM NASDAQ 107,213 11.50 14.00
ABBK Abington Bancorp Inc. MA NASDAQ 531,986 22.25 80.92
ABCL Alliance Bancorp IL NASDAQ 1,363,825 27.88 223.62
ABCW Anchor BanCorp Wisconsin WI NASDAQ 1,941,180 44.94 406.77
AFBC Advance Financial Bancorp WV NASDAQ 108,032 19.38 21.01
AFCB Affiliated Community Bancorp MA NASDAQ 1,155,048 38.56 251.36
AFED AFSALA Bancorp Inc. NY NASDAQ 160,408 20.75 28.60
AHCI Ambanc Holding Co. NY NASDAQ 510,444 19.13 82.36
AHM H.F. Ahmanson & Co. CA NYSE 46,678,752 79.94 8,761.96
ALBC Albion Banc Corp. NY NASDAQ 71,719 10.75 8.06
ALBK ALBANK Financial Corp. NY NASDAQ 4,083,097 50.50 651.80
ALLB Alliance Bank (MHC) PA NASDAQ 260,464 35.00 114.54
AMFC AMB Financial Corp. IN NASDAQ 100,003 17.25 16.63
ANA Acadiana Bancshares Inc. LA AMSE 277,066 23.13 59.55
ANDB Andover Bancorp Inc. MA NASDAQ 1,322,745 40.00 207.03
ANE Alliance Bncp of New England CT AMSE 247,129 22.13 36.20
ASBI Ameriana Bancorp IN NASDAQ 390,868 20.63 66.68
ASBP ASB Financial Corp. OH NASDAQ 113,176 14.25 23.31
ASFC Astoria Financial Corp. NY NASDAQ 10,528,393 60.31 1,580.07
ATSB AmTrust Capital Corp. IN NASDAQ 69,106 15.50 7.91
AVND Avondale Financial Corp. IL NASDAQ 542,196 15.75 52.35
BANC BankAtlantic Bancorp Inc. FL NASDAQ 3,064,480 14.19 356.05
BDJI First Federal Bancorp. MN NASDAQ 118,838 19.88 19.84
BFD BostonFed Bancorp Inc. MA AMSE 974,680 24.31 134.22
BFFC Big Foot Financial Corp. IL NASDAQ 216,260 20.88 52.45
BFSB Bedford Bancshares Inc. VA NASDAQ 136,908 28.00 31.99
BKC American Bank of Connecticut CT AMSE 639,013 57.88 134.33
BKCT Bancorp Connecticut Inc. CT NASDAQ 443,025 20.13 102.48
BKUNA BankUnited Financial Corp. FL NASDAQ 3,028,776 14.63 207.81
BNKU Bank United Corp. TX NASDAQ 12,523,459 52.50 1,658.77
BPLS Bank Plus Corp. CA NASDAQ 4,167,806 15.00 290.51
BRKL Brookline Bancorp (MHC) MA NASDAQ 666,988 17.63 512.80
BTHL Bethel Bancorp ME NASDAQ 218,187 12.50 15.15
BVCC Bay View Capital Corp. CA NASDAQ 3,246,476 35.00 705.16
BWFC Bank West Financial Corp. MI NASDAQ 169,577 14.50 38.04
BYFC Broadway Financial Corp. CA NASDAQ 124,740 12.50 10.79
BYS Bay State Bancorp MA AMSE 233,074 30.38 77.01
CAFI Camco Financial Corp. OH NASDAQ 520,582 27.75 89.27
CAPS Capital Savings Bancorp Inc. MO NASDAQ 242,208 23.00 43.50
CASB Cascade Financial Corp. WA NASDAQ 422,530 15.00 50.92
CASH First Midwest Financial Inc. IA NASDAQ 407,592 23.38 62.92
CATB Catskill Financial Corp. NY NASDAQ 294,656 17.81 82.48
CAVB Cavalry Bancorp Inc. TN NASDAQ 282,129 24.00 180.92
CBCI Calumet Bancorp Inc. IL NASDAQ 486,626 35.88 112.70
CBES CBES Bancorp Inc. MO NASDAQ 111,127 22.50 22.79
Current Price in Relation to
--------------------------------------------------------------------------------------- Current LTM
Price/ Price/ Tangible Dividend Dividend
Earnings LTM EPS LTM Core EPS Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (x) (x) (x) (%) (%) (%) (%) (%)
- -------------------------------------------------------------------------------------------------------------------------------
%CAL NA NA NA NA NA NA NA NA NA
%CCMD NA NA NA NA NA NA NA NA NA
AABC 95.83 8.39 8.98 NM 153.13 153.13 13.06 0.00 0.00
ABBK 19.87 20.23 22.94 24.18 222.72 244.77 15.21 0.90 18.18
ABCL 21.12 21.78 20.05 22.48 170.80 172.81 16.40 1.58 30.86
ABCW 19.37 21.71 23.53 21.60 315.35 320.53 20.96 0.71 14.13
AFBC 23.07 NA NA 25.49 127.80 127.80 19.45 1.65 NA
AFCB 21.42 21.66 22.42 23.51 218.98 220.11 21.71 1.56 28.65
AFED 21.61 22.31 22.31 21.61 126.91 126.91 17.90 1.35 15.05
AHCI 23.91 27.72 34.15 29.88 134.59 134.59 16.14 1.26 14.49
AHM 22.45 22.27 25.30 22.97 388.61 455.23 15.95 1.10 24.51
ALBC 19.20 23.37 24.43 22.40 131.10 131.10 11.24 0.99 23.17
ALBK 11.37 15.93 16.08 11.48 181.26 233.36 15.96 1.43 20.82
ALLB 67.31 56.45 56.45 67.31 392.82 392.82 43.98 1.03 58.06
AMFC 15.40 15.68 24.30 26.95 112.52 112.52 16.62 1.62 22.73
ANA 16.52 19.27 19.94 17.00 133.98 133.98 21.54 1.90 31.67
ANDB 15.38 16.06 16.39 15.87 193.05 193.05 15.63 1.90 27.31
ANE 16.76 17.99 26.03 42.55 192.56 198.08 14.65 0.90 14.23
ASBI 19.10 18.58 21.26 25.78 150.11 150.22 17.06 3.10 55.86
ASBP 22.27 22.27 22.27 22.27 134.56 134.56 20.82 2.81 62.50
ASFC 20.38 19.84 21.31 22.17 186.04 267.34 15.01 1.33 18.42
ATSB 29.81 27.19 62.00 NM 105.73 106.82 11.45 1.29 35.09
AVND 6.35 NM NM NM 113.88 113.88 9.65 0.00 0.00
BANC 13.14 14.48 27.82 35.47 176.47 202.11 11.93 0.93 838.57
BDJI 19.11 23.11 23.11 19.11 164.12 164.12 16.70 0.00 0.00
BFD 19.61 19.61 21.90 23.38 154.66 160.48 13.77 1.15 20.97
BFFC 26.09 NA NA 40.14 138.34 138.34 24.25 0.00 NA
BFSB 21.21 19.72 19.72 21.21 153.17 153.17 23.36 2.00 38.73
BKC 16.26 17.07 19.69 20.97 233.18 241.15 21.02 2.63 46.61
BKCT 18.63 18.63 20.96 20.96 218.28 218.28 23.13 2.58 42.82
BKUNA 30.47 27.59 34.01 52.23 160.19 180.33 6.86 0.00 0.00
BNKU 20.83 21.17 24.08 21.17 270.76 277.78 13.25 1.22 23.39
BPLS 41.67 22.73 20.55 15.00 160.26 176.06 6.97 0.00 0.00
BRKL NA NA NA NA NA NA NA 0.00 NA
BTHL 16.45 13.02 16.89 19.53 91.17 108.60 6.89 2.56 20.83
BVCC 97.22 33.02 24.14 25.00 243.39 293.13 13.01 1.14 32.08
BWFC NM 32.22 43.94 51.79 164.21 164.21 22.42 1.66 43.42
BYFC 28.41 32.05 29.07 156.25 84.63 84.63 8.33 1.60 51.28
BYS NA NA NA NA NA NA NA 0.00 NA
CAFI 17.34 16.23 19.96 26.68 182.33 196.53 17.15 2.02 29.70
CAPS 17.97 18.70 19.66 19.83 190.40 190.40 17.96 1.04 19.51
CASB 17.86 19.74 20.27 19.74 173.81 173.81 12.05 0.00 0.00
CASH 16.23 17.84 19.16 17.71 142.62 159.88 15.44 2.05 29.77
CATB 20.24 20.96 20.96 20.24 115.07 115.07 27.99 1.80 34.12
CAVB NM NM NA NA NA NA NA 0.00 NM
CBCI 12.46 15.67 15.60 11.80 138.09 138.09 23.16 0.00 0.00
CBES 25.57 19.07 21.84 35.16 131.73 131.73 20.69 1.78 33.90
Page 1 of 13
Current Current
Stock Market
Total Price Value
Ticker State Exchange Assets ($) ($M)
- -------------------------------------------------------------------------------------------------------------------------------
CBK Citizens First Financial Corp. IL AMSE 273,600 21.50 51.54
CBSA Coastal Bancorp Inc. TX NASDAQ 2,911,410 34.75 174.06
CBSB Charter Financial Inc. IL NASDAQ 382,384 33.69 140.74
CCFH CCF Holding Co. GA NASDAQ 125,025 21.56 19.40
CEBK Central Co-operative Bank MA NASDAQ 367,096 32.38 63.62
CENB Century Bancorp Inc. NC NASDAQ 102,281 110.25 44.91
CENF CENFED Financial Corp. CA NASDAQ 2,209,038 47.25 283.77
CFB Commercial Federal Corp. NE NYSE 7,189,342 37.00 1,491.24
CFBC Community First Banking Co. GA NASDAQ 394,570 46.75 100.70
CFCP Coastal Financial Corp. SC NASDAQ 563,866 24.00 112.18
CFFC Community Financial Corp. VA NASDAQ 182,879 16.00 40.95
CFNC Carolina Fincorp Inc. NC NASDAQ 114,660 17.81 33.94
CFSB CFSB Bancorp Inc. MI NASDAQ 852,888 29.13 218.99
CFTP Community Federal Bancorp MS NASDAQ 228,656 18.50 85.63
CFX CFX Corp. NH AMSE 2,873,767 33.50 806.38
CIBI Community Investors Bancorp OH NASDAQ 95,876 19.00 17.15
CKFB CKF Bancorp Inc. KY NASDAQ 62,865 19.75 17.12
CLAS Classic Bancshares Inc. KY NASDAQ 132,793 20.00 26.00
CMRN Cameron Financial Corp MO NASDAQ 211,253 20.50 52.52
CMSB Commonwealth Bancorp Inc. PA NASDAQ 2,268,595 22.63 367.59
CMSV Community Savings Bnkshrs(MHC) FL NASDAQ 720,133 37.50 191.06
CNIT CENIT Bancorp Inc. VA NASDAQ 718,083 79.50 131.90
CNSB CNS Bancorp Inc. MO NASDAQ 97,891 18.25 30.17
CNY Carver Bancorp Inc. NY AMSE 415,767 14.88 34.42
COFI Charter One Financial OH NASDAQ 19,760,265 66.94 4,273.91
CONE Conestoga Bancorp, Inc. NY NASDAQ 494,348 NA NA
COOP Cooperative Bankshares Inc. NC NASDAQ 369,121 19.25 57.45
CRSB Crusader Holding Corp. PA NASDAQ 161,328 15.38 56.12
CRZY Crazy Woman Creek Bancorp WY NASDAQ 60,774 16.88 16.11
CSBF CSB Financial Group Inc. IL NASDAQ 47,602 13.25 11.13
CTZN CitFed Bancorp Inc. OH NASDAQ 3,460,297 57.25 748.10
CVAL Chester Valley Bancorp Inc. PA NASDAQ 325,643 35.00 76.21
DCBI Delphos Citizens Bancorp Inc. OH NASDAQ 107,747 21.00 40.86
DIBK Dime Financial Corp. CT NASDAQ 958,503 35.69 184.29
DIME Dime Community Bancorp Inc. NY NASDAQ 1,488,074 26.25 326.50
DME Dime Bancorp Inc. NY NYSE 21,848,000 30.13 3,505.28
DNFC D & N Financial Corp. MI NASDAQ 1,815,315 27.75 252.50
DSL Downey Financial Corp. CA NYSE 5,835,825 32.44 867.91
EBI Equality Bancorp Inc. MO AMSE 229,280 15.50 38.53
EBSI Eagle Bancshares GA NASDAQ 934,458 27.25 155.83
EFBC Empire Federal Bancorp Inc. MT NASDAQ 109,801 17.13 44.39
EFBI Enterprise Federal Bancorp OH NASDAQ 301,261 32.50 64.54
EGFC Eagle Financial Corp. CT NASDAQ 2,157,171 59.00 384.31
EGLB Eagle BancGroup Inc. IL NASDAQ 171,134 20.63 24.29
EMLD Emerald Financial Corp. OH NASDAQ 603,965 22.25 112.87
EQSB Equitable Federal Savings Bank MD NASDAQ 321,687 34.00 41.37
ESBK Elmira Savings Bank (The) NY NASDAQ 230,981 30.00 22.22
Current Price in Relation to
------------------------------------------------------------------------------------------ Current LTM
Price/ Price/ Tangible Dividend Dividend
Earnings LTM EPS LTM Core EPS Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (x) (x) (x) (%) (%) (%) (%) (%)
- -------------------------------------------------------------------------------------------------------------------------------
CBK 19.91 29.05 43.00 76.79 129.52 129.52 18.84 0.00 0.00
CBSA 16.09 15.44 15.51 16.09 168.12 197.78 5.98 1.38 20.44
CBSB 36.62 27.39 34.73 40.10 236.57 264.22 36.77 0.95 26.02
CCFH 44.92 134.77 NM NM 164.98 164.98 15.52 2.97 326.69
CEBK 23.81 22.64 24.71 23.81 176.43 195.15 17.33 0.99 22.38
CENB 29.64 25.46 25.40 29.64 145.64 145.64 43.91 1.81 34.64
CENF 33.75 20.81 23.05 34.74 209.26 209.53 12.85 0.76 15.14
CFB 17.13 17.87 18.14 17.79 263.16 291.80 16.78 0.60 9.43
CFBC NA NA NA NA 148.46 150.47 28.60 1.28 NA
CFCP 18.18 19.05 22.86 24.00 332.87 332.87 19.89 1.50 27.98
CFFC 19.05 21.62 21.62 19.05 163.93 164.61 22.35 1.75 37.84
CFNC 23.44 23.44 24.40 24.74 126.69 126.69 28.76 1.35 22.37
CFSB 20.80 21.74 23.30 22.75 327.98 327.98 25.98 1.79 31.66
CFTP 30.83 28.91 28.91 30.83 125.59 125.59 37.45 1.73 438.28
CFX 52.34 42.95 31.31 29.91 328.11 340.10 28.06 1.31 112.82
CIBI 19.00 17.92 17.92 19.00 154.35 154.35 17.88 1.68 27.68
CKFB 18.99 15.31 20.36 18.99 115.23 115.23 27.24 2.53 113.95
CLAS 21.74 22.47 28.57 21.74 130.04 152.44 19.58 1.40 31.46
CMRN 23.30 21.35 21.35 23.30 116.08 116.08 24.88 1.37 29.17
CMSB 21.75 22.18 32.32 33.27 171.14 216.71 16.20 1.41 27.45
CMSV 44.64 35.38 38.27 44.64 228.80 228.80 26.53 2.40 84.91
CNIT 19.11 22.02 22.59 20.28 250.63 272.54 18.35 1.51 27.70
CNSB 32.59 35.10 35.78 32.59 126.12 126.12 30.82 1.32 42.31
CNY 26.56 NM 43.75 46.48 97.67 101.54 8.28 0.00 NM
COFI NM 29.23 21.05 22.02 310.47 332.36 21.63 1.49 41.28
CONE NA NA NA NA NA NA NA NA 28.17
COOP 26.74 27.50 27.90 28.31 203.06 203.06 15.56 0.00 0.00
CRSB 9.86 NA NA 10.39 677.31 677.31 23.83 0.00 NA
CRZY 20.09 21.63 21.36 20.09 112.20 112.20 26.51 2.37 51.28
CSBF 27.60 49.07 53.00 30.11 101.22 107.55 23.37 0.00 0.00
CTZN 26.02 28.20 28.20 26.02 354.71 388.40 21.51 0.63 11.16
CVAL 23.03 24.31 25.74 24.31 264.35 264.35 23.31 1.26 31.49
DCBI 23.86 22.11 22.11 23.86 141.60 141.60 37.92 1.14 0.00
DIBK 10.75 11.29 11.37 10.75 232.50 238.72 19.23 1.35 12.66
DIME 27.34 27.93 29.49 28.53 175.35 202.86 21.94 1.22 11.17
DME 41.84 26.90 26.90 34.23 266.59 324.97 16.04 0.53 10.71
DNFC 17.34 18.14 20.26 20.40 257.42 259.83 13.91 0.72 5.95
DSL 15.30 19.19 19.90 15.60 201.73 204.27 14.87 0.99 18.71
EBI NA NA NA NA 150.34 150.34 16.81 1.55 NA
EBSI 22.71 30.28 25.00 22.71 212.23 212.23 16.68 2.20 66.67
EFBC 26.76 NA NA 26.76 109.36 109.36 40.43 1.75 NA
EFBI 32.50 29.02 32.50 33.85 199.26 199.39 21.42 3.08 89.29
EGFC 19.93 43.70 34.10 20.21 252.24 311.18 17.82 1.70 71.11
EGLB 57.29 47.97 66.53 103.13 119.63 119.63 14.19 0.00 0.00
EMLD 18.54 18.86 19.87 20.60 232.74 235.95 18.69 1.26 20.34
EQSB 19.32 18.89 19.10 19.77 246.91 246.91 12.84 0.00 0.00
ESBK 41.67 24.79 23.08 14.71 149.48 149.48 9.62 2.13 50.38
Page 2 of 13
Current Current
Stock Market
Total Price Value
Ticker State Exchange Assets ($) ($M)
- --------------------------------------------------------------------------------------------------------------------------------
ESX Essex Bancorp Inc. VA AMSE 191,886 4.75 5.03
ETFS East Texas Financial Services TX NASDAQ 120,093 14.63 22.52
FAB FIRSTFED AMERICA BANCORP INC. MA AMSE 1,159,508 21.06 183.40
FBBC First Bell Bancorp Inc. PA NASDAQ 675,684 20.50 133.47
FBCI Fidelity Bancorp Inc. IL NASDAQ 489,673 25.00 70.37
FBCV 1ST Bancorp IN NASDAQ 255,927 28.00 30.51
FBER 1st Bergen Bancorp NJ NASDAQ 290,435 19.25 55.14
FBHC Fort Bend Holding Corp. TX NASDAQ 302,728 27.75 46.48
FBNW FirstBank Corp. ID NASDAQ 183,292 20.00 39.68
FBSI First Bancshares Inc. MO NASDAQ 161,527 15.88 35.04
FCB Falmouth Bancorp Inc. MA AMSE 97,564 22.88 33.28
FCBF FCB Financial Corp. WI NASDAQ 519,911 33.00 127.46
FCME First Coastal Corp. ME NASDAQ 146,400 14.25 19.37
FDEF First Defiance Financial OH NASDAQ 579,698 15.50 132.18
FED FirstFed Financial Corp. CA NYSE 4,160,115 41.75 442.23
FESX First Essex Bancorp Inc. MA NASDAQ 1,197,459 24.06 181.35
FFBA First Colorado Bancorp Inc. CO NASDAQ 1,555,274 29.69 499.01
FFBH First Federal Bancshares of AR AR NASDAQ 549,607 28.75 140.76
FFBI First Financial Bancorp Inc. IL NASDAQ 82,682 25.25 10.49
FFBS FFBS BanCorp Inc. MS NASDAQ 134,952 22.25 34.98
FFBZ First Federal Bancorp Inc. OH NASDAQ 208,840 24.00 37.80
FFCH First Financial Holdings Inc. SC NASDAQ 1,793,325 26.38 356.62
FFDB FirstFed Bancorp Inc. AL NASDAQ 178,792 24.00 27.72
FFDF FFD Financial Corp. OH NASDAQ 92,364 22.50 32.51
FFED Fidelity Federal Bancorp IN NASDAQ 215,821 9.38 29.32
FFES First Federal of East Hartford CT NASDAQ 982,747 42.25 114.31
FFFD North Central Bancshares Inc. IA NASDAQ 221,954 23.31 76.15
FFFL Fidelity Bankshares Inc. (MHC) FL NASDAQ 1,045,692 30.50 207.35
FFHH FSF Financial Corp. MN NASDAQ 402,850 20.38 62.05
FFHS First Franklin Corp. OH NASDAQ 230,504 26.88 32.04
FFIC Flushing Financial Corp. NY NASDAQ 1,088,476 27.50 216.28
FFKY First Federal Financial Corp. KY NASDAQ 388,329 22.25 91.86
FFLC FFLC Bancorp Inc. FL NASDAQ 400,237 20.00 74.88
FFOH Fidelity Financial of Ohio OH NASDAQ 535,100 18.25 102.07
FFPB First Palm Beach Bancorp Inc. FL NASDAQ 1,821,077 40.25 203.45
FFSL First Independence Corp. KS NASDAQ 113,669 15.00 14.31
FFSX First Fed SB of Siouxland(MHC) IA NASDAQ 458,940 37.00 104.87
FFWC FFW Corp. IN NASDAQ 191,298 20.00 28.99
FFWD Wood Bancorp Inc. OH NASDAQ 166,546 20.00 53.02
FFYF FFY Financial Corp. OH NASDAQ 614,749 33.25 135.33
FGHC First Georgia Holding Inc. GA NASDAQ 166,386 12.13 37.01
FIBC Financial Bancorp Inc. NY NASDAQ 308,248 25.00 42.74
FISB First Indiana Corp. IN NASDAQ 1,613,405 27.38 346.79
FKFS First Keystone Financial PA NASDAQ 378,527 19.50 47.05
FKKY Frankfort First Bancorp Inc. KY NASDAQ 132,809 16.75 27.12
FLAG FLAG Financial Corp. GA NASDAQ 247,985 20.13 40.99
FLFC First Liberty Financial Corp. GA NASDAQ 1,275,398 33.00 255.70
Current Price in Relation to
-------------------------------------------------------------------------------------------- Current LTM
Price/ Price/ Tangible Dividend Dividend
Earnings LTM EPS LTM Core EPS Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (x) (x) (x) (%) (%) (%) (%) (%)
- -------------------------------------------------------------------------------------------------------------------------------
ESX NM NM NM NM NM NM 2.62 0.00 0.00
ETFS 36.56 29.25 31.79 40.63 107.30 107.30 18.75 0.91 26.64
FAB 21.94 NA NA 27.71 131.56 131.56 15.82 0.00 NA
FBBC 16.53 16.67 17.08 16.53 182.87 182.87 19.75 1.95 32.52
FBCI 18.38 69.44 23.36 18.38 137.21 137.44 14.37 1.60 88.89
FBCV 17.50 15.56 23.73 21.21 132.83 135.20 11.92 0.95 14.29
FBER 22.92 24.37 24.37 22.92 140.41 140.41 18.99 1.04 20.25
FBHC 30.16 28.61 40.22 49.55 225.98 241.09 15.29 1.44 22.68
FBNW 20.00 NA NA 35.71 123.53 123.53 21.65 1.40 NA
FBSI 17.26 18.25 19.13 17.26 149.20 149.20 21.48 0.76 11.49
FCB 22.88 34.14 40.85 28.59 142.43 142.43 34.11 1.05 29.85
FCBF 18.33 23.74 23.08 19.64 173.96 173.96 24.52 2.42 54.68
FCME 16.19 15.66 19.26 16.96 130.85 130.85 13.23 0.00 0.00
FDEF 35.23 25.00 25.83 35.23 123.70 123.70 22.80 2.32 53.23
FED 17.11 19.42 19.79 18.00 198.43 200.14 10.63 0.00 0.00
FESX 20.05 19.25 21.48 20.05 199.20 226.58 15.14 2.33 40.00
FFBA 20.62 24.33 25.59 23.94 238.46 243.34 32.08 1.75 37.70
FFBH 23.96 23.76 25.00 23.96 169.82 169.82 25.61 0.97 18.18
FFBI 52.60 84.17 41.39 NM 137.45 137.45 12.69 0.00 0.00
FFBS 18.54 18.54 18.54 18.54 147.64 147.64 25.92 2.25 208.33
FFBZ 28.57 21.82 22.86 30.00 262.58 262.87 18.10 1.17 22.73
FFCH 23.55 23.34 23.76 23.55 308.84 308.84 19.89 1.59 33.19
FFDB 17.65 17.39 17.39 17.65 160.00 174.29 15.50 2.08 41.67
FFDF 46.88 18.91 40.18 46.88 146.29 146.29 35.19 1.33 23.11
FFED 18.03 14.65 15.37 23.44 186.75 186.75 13.59 4.27 62.50
FFES 18.53 20.92 18.95 18.21 170.64 170.64 11.63 1.61 29.70
FFFD 17.14 19.27 20.10 20.10 151.09 151.09 34.31 1.37 20.66
FFFL 25.42 32.45 38.13 34.66 241.11 242.64 19.78 2.95 87.77
FFHH 19.59 18.52 18.52 19.59 124.69 124.69 15.25 2.45 45.45
FFHS 16.80 19.47 21.16 18.66 150.90 151.66 13.90 1.49 26.09
FFIC 21.48 23.31 24.34 22.92 158.50 164.97 19.87 1.16 18.64
FFKY 15.89 15.03 15.24 15.89 173.69 183.73 23.74 2.52 36.49
FFLC 20.00 20.83 21.98 20.00 145.56 145.56 18.71 1.80 30.00
FFOH 19.84 20.51 21.47 21.73 158.83 180.16 19.07 1.75 143.82
FFPB 22.36 21.76 28.35 38.70 175.38 179.37 11.17 1.74 33.78
FFSL 20.83 20.83 20.83 20.83 125.94 125.94 12.59 2.00 34.72
FFSX 33.04 31.09 32.17 34.26 258.02 260.01 22.85 1.30 40.34
FFWC 14.71 15.87 16.13 15.15 157.60 172.86 15.09 1.80 27.38
FFWD 23.81 23.53 26.32 27.78 248.76 248.76 31.84 1.70 31.39
FFYF 16.63 17.05 17.23 16.96 161.96 161.96 22.01 2.41 37.18
FGHC 20.21 22.45 26.94 20.21 267.66 288.69 22.24 3.30 0.00
FIBC 14.88 15.92 14.88 14.88 155.28 155.96 13.87 2.00 25.48
FISB 18.01 20.13 24.89 24.44 226.61 229.27 21.49 1.75 29.41
FKFS 16.81 16.39 18.40 19.50 187.86 187.86 12.43 1.03 8.40
FKKY 17.45 119.64 27.92 17.45 120.33 120.33 20.42 4.78 NM
FLAG 25.16 20.33 27.20 83.85 185.83 185.83 16.53 1.69 34.34
FLFC 17.93 26.83 26.19 23.57 264.21 290.75 20.05 1.33 33.33
Page 3 of 13
Current Current
Stock Market
Total Price Value
Ticker State Exchange Assets ($) ($M)
- --------------------------------------------------------------------------------------------------------------------------------
FLGS Flagstar Bancorp Inc. MI NASDAQ 1,901,084 26.56 363.12
FLKY First Lancaster Bancshares KY NASDAQ 49,880 15.50 14.77
FMBD First Mutual Bancorp Inc. IL NASDAQ 391,439 19.63 68.83
FMCO FMS Financial Corp. NJ NASDAQ 628,403 39.50 94.72
FMSB First Mutual Savings Bank WA NASDAQ 445,762 18.13 74.77
FNGB First Northern Capital Corp. WI NASDAQ 667,696 13.63 120.52
FOBC Fed One Bancorp WV NASDAQ 366,776 37.38 88.77
FPRY First Financial Bancorp FL NASDAQ 240,379 NA NA
FSBI Fidelity Bancorp Inc. PA NASDAQ 393,076 25.38 49.63
FSFF First SecurityFed Financial IL NASDAQ 315,849 15.50 99.32
FSLA First Savings Bank (MHC) NJ NASDAQ 1,049,316 41.00 328.67
FSNJ Bayonne Bancshares Inc. NJ NASDAQ 610,639 15.50 140.87
FSPG First Home Bancorp Inc. NJ NASDAQ 537,798 32.63 88.36
FSPT FirstSpartan Financial Corp. SC NASDAQ 495,319 45.00 199.35
FSSB First FS&LA of San Bernardino CA NASDAQ 103,674 9.63 3.16
FSTC First Citizens Corp. GA NASDAQ 352,233 32.75 90.80
FTF Texarkana First Financial Corp AR AMSE 180,259 28.00 49.27
FTFC First Federal Capital Corp. WI NASDAQ 1,544,294 33.00 303.29
FTNB Fulton Bancorp Inc. MO NASDAQ 107,988 22.00 37.71
FTSB Fort Thomas Financial Corp. KY NASDAQ 99,873 15.25 22.49
FWWB First SB of Washington Bancorp WA NASDAQ 1,136,693 25.75 257.79
GAF GA Financial Inc. PA AMSE 783,948 20.13 155.32
GDW Golden West Financial CA NYSE 39,590,271 96.50 5,507.11
GFCO Glenway Financial Corp. OH NASDAQ 304,621 20.00 45.65
GFED Guaranty Federal Bcshs Inc. MO NASDAQ 230,616 12.25 76.21
GLMR Gilmer Financial Svcs, Inc. TX NASDAQ 42,171 14.13 2.70
GOSB GSB Financial Corp. NY NASDAQ 115,884 17.00 38.22
GPT GreenPoint Financial Corp. NY NYSE 13,083,518 37.19 3,147.59
GSB Golden State Bancorp Inc. CA NYSE 16,029,116 39.13 1,998.71
GSBC Great Southern Bancorp Inc. MO NASDAQ 750,458 26.13 210.25
GSFC Green Street Financial Corp. NC NASDAQ 179,700 18.38 78.98
GSLA GS Financial Corp. LA NASDAQ 131,396 20.13 69.20
GTPS Great American Bancorp IL NASDAQ 141,976 21.25 35.53
GUPB GFSB Bancorp Inc. NM NASDAQ 114,745 23.50 18.82
HALL Hallmark Capital Corp. WI NASDAQ 413,511 15.25 44.74
HARBD Harbor Florida Bancshares Inc. FL NASDAQ 1,128,942 12.00 368.39
HARL Harleysville Savings Bank PA NASDAQ 347,882 31.13 51.89
HARS Harris Financial Inc. (MHC) PA NASDAQ 2,201,304 27.00 912.34
HAVN Haven Bancorp Inc. NY NASDAQ 1,974,890 27.63 242.68
HBBI Home Building Bancorp IN NASDAQ 42,430 24.00 7.48
HBEI Home Bancorp of Elgin Inc. IL NASDAQ 352,595 17.38 119.12
HBFW Home Bancorp IN NASDAQ 350,038 34.00 81.10
HBNK Highland Bancorp Inc. CA NASDAQ 549,638 37.50 86.94
HBS Haywood Bancshares Inc. NC AMSE 153,480 22.75 28.45
HCBB HCB Bancshares Inc. AR NASDAQ 204,944 14.88 39.34
HCBC High Country Bancorp Inc. CO NASDAQ 87,130 15.25 20.17
HCFC Home City Financial Corp. OH NASDAQ 71,854 18.63 16.85
Current Price in Relation to
----------------------------------------------------------------------------------------- Current LTM
Price/ Price/ Tangible Dividend Dividend
Earnings LTM EPS LTM Core EPS Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (x) (x) (x) (%) (%) (%) (%) (%)
- -------------------------------------------------------------------------------------------------------------------------------
FLGS 15.09 15.81 15.81 15.09 286.86 297.46 19.10 0.90 3.57
FLKY 24.22 28.18 28.18 24.22 103.89 103.89 29.62 3.23 45.45
FMBD 81.77 63.31 75.48 122.66 116.82 152.37 17.58 1.63 103.23
FMCO 18.63 17.63 17.63 18.63 242.33 245.34 15.01 0.71 10.71
FMSB 16.78 16.94 17.26 16.18 243.94 243.94 16.77 1.10 46.44
FNGB 18.92 20.64 21.63 20.04 163.17 163.17 18.05 2.64 48.48
FOBC 27.48 27.48 27.69 27.48 211.52 220.76 24.20 1.66 44.12
FPRY NA NA NA NA NA NA NA NA 39.66
FSBI 19.22 18.39 18.80 19.22 184.28 184.28 12.60 1.14 20.39
FSFF NA NA NA NA 108.09 108.47 31.45 0.00 NA
FSLA 33.06 35.34 33.61 33.06 323.34 354.06 31.32 1.17 36.99
FSNJ 29.81 NA NA 29.81 145.81 145.81 22.97 1.10 NA
FSPG 19.42 18.97 19.30 19.42 236.41 239.71 16.43 1.23 23.26
FSPT 26.16 NA NA 26.16 152.44 152.44 40.25 1.33 NA
FSSB NM NM NM NM 70.36 73.03 3.05 0.00 0.00
FSTC 17.80 15.75 17.42 19.97 254.67 318.58 25.70 0.98 14.42
FTF 15.91 15.82 16.09 17.07 180.41 180.41 27.34 2.00 30.08
FTFC 17.19 18.64 23.57 24.26 277.31 293.07 19.64 1.46 26.37
FTNB 27.50 28.21 34.92 36.67 146.08 146.08 35.03 1.09 25.64
FTSB 18.15 18.60 18.60 18.15 142.39 142.39 22.51 1.64 36.59
FWWB 18.93 19.51 20.60 20.77 159.74 172.47 23.01 1.40 21.21
GAF 15.72 17.50 18.46 17.97 133.72 134.98 19.81 2.39 36.52
GDW 14.89 15.74 15.98 15.08 204.10 204.10 13.91 0.52 7.42
GFCO 18.52 19.23 19.23 18.52 161.16 162.87 14.98 2.00 35.58
GFED NA NA NA NA 109.57 109.57 33.05 2.45 NA
GLMR NM 117.71 20.77 NM 71.05 71.05 6.41 0.00 0.00
GOSB 30.36 NA NA 38.64 115.96 115.96 32.98 0.00 NA
GPT 18.97 19.99 20.66 19.37 218.75 401.17 24.06 1.72 26.88
GSB 23.86 26.08 21.74 19.96 235.41 260.83 12.45 0.00 0.00
GSBC 14.84 16.03 17.30 16.75 321.34 324.13 28.08 1.68 25.15
GSFC 27.02 27.02 27.02 27.02 124.75 124.75 43.95 2.40 85.29
GSLA 50.31 NA NA 55.90 123.47 123.47 52.67 1.39 NA
GTPS 35.42 43.37 43.37 35.42 115.05 115.05 25.02 1.88 81.63
GUPB 19.58 21.56 21.56 19.58 131.21 131.21 16.40 1.70 36.70
HALL 15.89 16.05 16.40 15.89 141.86 141.86 10.82 0.00 0.00
HARBD NA NA NA NA NA NA NA 11.67 NA
HARL 16.21 15.49 15.49 16.21 218.73 218.73 14.90 1.41 20.40
HARS 84.38 51.92 72.97 112.50 510.40 572.03 41.44 0.82 38.44
HAVN 20.31 22.28 22.10 20.31 214.98 215.65 12.29 1.09 24.19
HBBI 25.00 21.05 22.02 27.27 116.45 116.45 17.63 1.25 26.32
HBEI 43.44 39.49 41.37 43.44 125.09 125.09 33.78 2.30 68.18
HBFW 30.36 27.87 28.10 31.48 190.69 190.69 23.17 0.59 16.39
HBNK 13.02 14.53 18.75 13.59 209.50 209.50 15.82 0.00 0.00
HBS 21.88 14.97 14.97 21.88 128.31 132.65 18.53 2.64 37.50
HCBB 53.12 NA NA 53.12 102.94 106.63 19.20 1.35 NA
HCBC NA NA NA NA 113.05 113.05 23.15 0.00 NA
HCFC 19.40 19.01 18.81 19.40 120.39 120.39 23.45 1.93 33.67
Page 4 of 13
Current Current
Stock Market
Total Price Value
Ticker State Exchange Assets ($) ($M)
- --------------------------------------------------------------------------------------------------------------------------------
HEMT HF Bancorp Inc. CA NASDAQ 1,063,267 16.88 106.33
HFBC HopFed Bancorp Inc. KY NASDAQ 202,009 18.38 74.12
HFFB Harrodsburg First Fin Bancorp KY NASDAQ 108,908 17.25 32.17
HFFC HF Financial Corp. SD NASDAQ 580,668 30.50 90.81
HFGI Harrington Financial Group IN NASDAQ 544,677 11.50 38.63
HFNC HFNC Financial Corp. NC NASDAQ 910,786 13.13 225.65
HFSA Hardin Bancorp Inc. MO NASDAQ 115,434 19.00 15.65
HFWA Heritage Financial Corp. WA NASDAQ 328,601 15.06 146.89
HHFC Harvest Home Financial Corp. OH NASDAQ 93,141 15.00 13.37
HIFS Hingham Instit. for Savings MA NASDAQ 222,584 36.50 47.58
HLFC Home Loan Financial Corp. OH NASDAQ 61,324 16.19 36.39
HMLK Hemlock Federal Financial Corp IL NASDAQ 176,683 19.00 39.45
HMNF HMN Financial Inc. MN NASDAQ 691,232 29.25 121.22
HOMF Home Federal Bancorp IN NASDAQ 709,412 31.00 158.72
HPBC Home Port Bancorp Inc. MA NASDAQ 208,815 25.13 46.28
HRBF Harbor Federal Bancorp Inc. MD NASDAQ 233,572 24.00 40.64
HRZB Horizon Financial Corp. WA NASDAQ 532,767 18.25 136.08
HTHR Hawthorne Financial Corp. CA NASDAQ 928,197 19.50 60.27
HWEN Home Financial Bancorp IN NASDAQ 43,504 9.25 8.59
HZFS Horizon Financial Svcs Corp. IA NASDAQ 88,769 16.25 13.86
IBSF IBS Financial Corp. NJ NASDAQ 728,181 19.06 208.63
ICBC Independence Comm. Bank Corp. NY NASDAQ 3,857,781 17.75 1,349.78
IFSB Independence Federal Svgs Bank DC NASDAQ 269,761 18.50 23.70
INBI Industrial Bancorp Inc. OH NASDAQ 364,023 23.00 117.36
INCB Indiana Community Bank SB IN NASDAQ 95,378 20.75 19.13
IPSW Ipswich Savings Bank MA NASDAQ 227,244 16.13 38.46
ITLA ITLA Capital Corp. CA NASDAQ 1,015,909 20.75 162.88
IWBK InterWest Bancorp Inc. WA NASDAQ 1,982,317 44.25 355.64
JOAC Joachim Bancorp Inc. MO NASDAQ 34,229 16.44 11.88
JSB JSB Financial Inc. NY NYSE 1,535,031 57.19 567.30
JSBA Jefferson Savings Bancorp MO NASDAQ 1,238,055 29.75 297.94
JXSB Jacksonville Savings Bk (MHC) IL NASDAQ 168,036 24.13 46.03
JXVL Jacksonville Bancorp Inc. TX NASDAQ 235,405 20.50 50.09
KFBI Klamath First Bancorp OR NASDAQ 975,207 22.75 227.36
KNK Kankakee Bancorp Inc. IL AMSE 343,409 37.25 51.09
KSAV KS Bancorp Inc. NC NASDAQ 113,978 NA NA
KSBK KSB Bancorp Inc. ME NASDAQ 152,752 18.50 22.92
KYF Kentucky First Bancorp Inc. KY AMSE 86,307 14.13 17.70
LARK Landmark Bancshares Inc. KS NASDAQ 233,640 25.25 42.64
LARL Laurel Capital Group Inc. PA NASDAQ 213,379 21.25 46.21
LFBI Little Falls Bancorp Inc. NJ NASDAQ 328,522 19.50 48.31
LFCO Life Financial Corp. CA NASDAQ 411,785 20.13 131.73
LFED Leeds Federal Bankshares (MHC) MD NASDAQ 291,408 21.63 112.06
LISB Long Island Bancorp Inc. NY NASDAQ 6,072,524 67.13 1,612.92
LOGN Logansport Financial Corp. IN NASDAQ 86,115 17.88 22.54
LONF London Financial Corp. OH NASDAQ 37,916 15.25 7.78
LSBI LSB Financial Corp. IN NASDAQ 206,584 31.50 28.87
Current Price in Relation to
--------------------------------------------------------------------------------------- Current LTM
Price/ Price/ Tangible Dividend Dividend
Earnings LTM EPS LTM Core EPS Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (x) (x) (x) (%) (%) (%) (%) (%)
- ---------------------------------------------------------------------------------------------------------------------------
HEMT 38.35 NM 46.88 38.35 126.98 150.94 9.99 0.00 0.00
HFBC NA NA NA NA NA NA NA 0.00 NA
HFFB 21.56 21.84 21.84 21.56 108.83 108.83 31.45 2.32 75.95
HFFC 13.86 15.40 16.58 14.39 163.10 163.10 15.64 1.38 19.70
HFGI NM 37.10 37.10 NM 153.33 153.33 6.85 1.04 29.03
HFNC 19.30 19.59 24.76 29.83 135.87 135.87 24.77 2.44 788.06
HFSA 16.96 19.00 20.65 19.00 119.57 119.57 13.56 2.74 46.00
HFWA NA NA NA NA NA NA NA 0.93 NA
HHFC 26.79 22.73 22.73 26.79 129.09 129.09 14.36 2.93 62.12
HIFS 17.89 18.25 18.25 17.89 222.56 222.56 21.38 1.43 29.50
HLFC NA NA NA NA NA NA NA 0.00 NA
HMLK 21.59 NA NA 21.59 129.69 129.69 22.33 1.47 NA
HMNF 23.59 20.74 25.88 31.79 143.52 154.60 17.54 0.00 0.00
HOMF 15.82 17.71 20.00 19.87 253.89 261.16 22.34 1.29 18.33
HPBC 13.36 14.04 14.36 13.96 210.78 210.78 22.16 3.18 44.69
HRBF 24.00 24.24 25.26 28.57 139.37 139.37 17.40 2.00 44.44
HRZB 16.29 16.44 16.59 15.73 160.37 160.37 25.54 2.41 36.67
HTHR 27.08 14.23 11.75 10.83 142.44 142.44 6.49 0.00 0.00
HWEN 23.13 24.34 31.90 38.54 116.35 116.35 19.75 1.08 26.32
HZFS 16.25 19.35 24.25 22.57 153.59 153.59 15.62 1.11 19.64
IBSF 34.04 35.30 35.30 34.04 161.55 161.55 28.65 2.10 64.74
ICBC NA NA NA NA NA NA NA 0.00 NA
IFSB 14.45 15.16 52.86 92.50 122.92 136.73 8.79 1.35 18.03
INBI 20.54 22.33 22.33 20.54 192.79 192.79 32.24 2.61 46.60
INCB 34.58 39.90 39.90 34.58 165.08 165.08 20.06 1.74 69.23
IPSW 14.93 18.32 22.40 18.32 325.10 325.10 16.92 0.99 14.20
ITLA 12.35 13.22 13.22 12.35 160.73 161.23 16.03 0.00 0.00
IWBK 17.56 17.63 20.30 22.58 266.57 271.14 17.94 1.72 25.10
JOAC 45.66 45.66 45.66 45.66 119.99 119.99 34.69 3.04 138.89
JSB 9.79 15.71 17.93 11.91 154.35 154.35 36.96 2.80 38.46
JSBA 28.61 27.55 29.75 35.42 237.62 298.99 24.07 0.94 20.37
JXSB 60.31 48.25 60.31 100.52 263.09 263.09 27.40 1.24 55.02
JXVL 16.02 15.07 15.07 16.02 145.49 145.49 21.28 2.44 36.76
KFBI 25.85 24.46 24.46 25.85 142.90 156.36 23.31 1.50 33.33
KNK 18.63 18.63 19.01 19.40 135.11 143.32 14.88 1.29 24.00
KSAV NA NA NA NA NA NA NA NA 63.46
KSBK 12.85 14.23 14.68 13.60 198.29 207.63 15.01 0.54 5.64
KYF 22.07 18.11 18.34 22.07 124.78 124.78 21.24 3.54 64.10
LARK 18.04 18.43 20.04 19.13 129.55 129.55 18.25 1.58 29.20
LARL 18.32 16.73 16.73 17.14 204.92 204.92 21.66 1.63 25.20
LFBI 24.38 26.00 27.08 24.38 132.83 143.49 15.48 1.03 20.67
LFCO 6.89 8.08 7.74 6.21 240.44 240.44 31.99 0.00 0.00
LFED 33.79 32.77 32.77 33.79 231.28 231.28 38.46 2.59 78.80
LISB 29.44 31.08 37.50 37.29 289.46 292.10 26.56 0.89 27.78
LOGN 15.41 18.82 18.62 14.90 136.24 136.24 26.17 2.24 42.11
LONF 15.25 17.73 19.06 15.89 149.07 149.07 20.52 1.57 609.30
LSBI 16.07 17.80 19.81 18.31 152.62 152.62 13.97 1.27 18.49
Page 5 of 13
Current Current
Stock Market
Total Price Value
Ticker State Exchange Assets ($) ($M)
- --------------------------------------------------------------------------------------------------------------------------------
LSBX Lawrence Savings Bank MA NASDAQ 359,855 18.25 78.25
LVSB Lakeview Financial Corp. NJ NASDAQ 472,691 24.00 102.86
LXMO Lexington B&L Financial Corp. MO NASDAQ 92,450 16.38 18.35
MAFB MAF Bancorp Inc. IL NASDAQ 3,457,664 39.50 593.01
MARN Marion Capital Holdings IN NASDAQ 191,854 28.50 50.78
MASB MASSBANK Corp. MA NASDAQ 925,403 50.13 178.99
MBB MSB Bancorp Inc. NY AMSE 765,367 35.50 100.97
MBBC Monterey Bay Bancorp Inc. CA NASDAQ 408,096 25.50 82.36
MBLF MBLA Financial Corp. MO NASDAQ 223,558 27.38 34.33
MBSP Mitchell Bancorp Inc. NC NASDAQ 36,103 17.13 15.94
MCBN Mid-Coast Bancorp Inc. ME NASDAQ 62,632 12.75 9.06
MDBK Medford Bancorp Inc. MA NASDAQ 1,135,572 44.25 200.95
MECH MECH Financial Inc. CT NASDAQ 892,371 31.25 165.41
MERI Meritrust Federal SB LA NASDAQ 233,803 80.00 61.93
METF Metropolitan Financial Corp. OH NASDAQ 924,985 16.63 117.23
MFBC MFB Corp. IN NASDAQ 264,097 26.50 43.11
MFFC Milton Federal Financial Corp. OH NASDAQ 218,826 15.88 35.99
MFLR Mayflower Co-operative Bank MA NASDAQ 131,908 27.13 24.39
MFSL Maryland Federal Bancorp MD NASDAQ 1,184,294 38.75 251.15
MIFC Mid-Iowa Financial Corp. IA NASDAQ 135,345 12.75 21.80
MIVI Mississippi View Holding Co. MN NASDAQ 68,619 20.00 14.80
MONT Montgomery Financial Corp. IN NASDAQ 105,671 12.75 21.08
MRKF Market Financial Corp. OH NASDAQ 56,833 17.25 23.04
MSBF MSB Financial Inc. MI NASDAQ 77,444 16.63 20.48
MSBK Mutual Savings Bank FSB MI NASDAQ 644,740 13.00 55.66
MWBI Midwest Bancshares Inc. IA NASDAQ 147,724 16.00 16.33
MWBX MetroWest Bank MA NASDAQ 608,941 7.94 111.99
MYST Mystic Financial Inc. MA NASDAQ 198,417 18.50 50.16
NASB NASB Financial Inc. MO NASDAQ 734,091 63.75 142.78
NBN Northeast Bancorp ME AMSE 278,733 18.13 40.50
NBSI North Bancshares Inc. IL NASDAQ 122,978 17.50 25.02
NEIB Northeast Indiana Bancorp IN NASDAQ 199,368 21.50 36.53
NEP Northeast PA Financial Corp. PA AMSE 386,532 15.56 100.03
NHTB New Hampshire Thrift Bncshrs NH NASDAQ 317,989 21.25 44.37
NMSB NewMil Bancorp Inc. CT NASDAQ 355,526 13.94 54.07
NSLB NS&L Bancorp Inc. MO NASDAQ 57,823 17.50 12.00
NSSY NSS Bancorp Inc. CT NASDAQ 670,749 47.13 114.09
NTBK Net.B@nk Inc. GA NASDAQ 93,220 27.75 170.54
NTMG Nutmeg Federal S&LA CT NASDAQ 105,151 10.50 10.36
NWEQ Northwest Equity Corp. WI NASDAQ 99,558 21.13 17.72
NWSB Northwest Bancorp Inc. (MHC) PA NASDAQ 2,248,816 17.00 795.56
OCFC Ocean Financial Corp. NJ NASDAQ 1,510,947 37.06 287.87
OCN Ocwen Financial Corp. FL NYSE 3,069,165 26.00 1,574.71
OFCP Ottawa Financial Corp. MI NASDAQ 885,817 29.50 156.74
OHSL OHSL Financial Corp. OH NASDAQ 238,905 32.25 40.02
OSFS Ohio State Financial Services OH NASDAQ 38,559 16.00 10.15
OTFC Oregon Trail Financial Corp. OR NASDAQ 257,049 17.75 76.91
Current Price in Relation to
--------------------------------------------------------------------------------------- Current LTM
Price/ Price/ Tangible Dividend Dividend
Earnings LTM EPS LTM Core EPS Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (x) (x) (x) (%) (%) (%) (%) (%)
- ---------------------------------------------------------------------------------------------------------------------------
LSBX 5.43 10.03 10.14 5.50 208.10 208.10 21.74 0.00 0.00
LVSB 9.52 15.48 25.26 25.00 204.26 248.96 19.71 1.04 8.08
LXMO 22.74 23.39 23.39 22.74 108.23 115.40 19.85 1.83 42.86
MAFB 16.74 16.60 16.81 17.32 225.07 255.50 17.15 0.71 11.34
MARN 25.45 18.75 18.75 25.45 127.35 130.14 26.47 3.09 56.58
MASB 17.40 18.10 19.58 19.58 172.49 175.02 19.34 2.00 31.95
MBB NM 88.75 33.18 40.34 161.95 304.46 13.19 1.58 150.00
MBBC 49.04 45.54 50.00 53.13 161.09 172.76 20.18 0.55 19.64
MBLF 19.01 20.58 20.28 19.55 122.65 122.65 15.55 1.46 30.08
MBSP 32.93 28.54 28.54 32.93 110.06 110.06 44.16 2.34 66.67
MCBN 17.71 19.62 20.90 19.92 173.71 173.71 14.47 1.36 26.68
MDBK 19.07 18.51 19.24 17.29 197.99 210.41 17.70 1.81 37.66
MECH 20.56 12.55 12.70 22.32 186.79 186.79 18.54 0.00 0.00
MERI 25.32 24.10 24.10 25.32 311.77 311.77 26.49 0.88 21.08
METF 15.99 20.27 21.59 16.63 319.71 347.80 12.67 0.00 0.00
MFBC 22.08 22.27 22.46 22.84 128.58 128.58 16.32 1.28 26.89
MFFC 30.53 27.37 28.35 30.53 130.02 130.02 16.45 3.78 103.45
MFLR 15.07 17.28 19.24 18.33 189.55 192.51 18.49 2.95 40.76
MFSL 25.49 26.72 28.28 27.68 244.63 247.13 21.19 1.16 28.79
MIFC 15.94 14.49 15.94 15.94 172.06 172.30 16.11 0.63 9.09
MIVI 20.83 21.05 21.28 20.83 118.69 118.69 21.57 1.60 16.84
MONT 24.52 NA NA 24.52 107.23 107.23 19.94 1.73 NA
MRKF 35.94 NA NA 35.94 114.01 114.01 40.54 1.62 NA
MSBF 16.63 18.27 19.79 19.79 157.43 157.43 26.54 1.81 29.95
MSBK NM NM NM NM 169.71 169.71 8.63 0.00 0.00
MWBI 14.29 14.04 15.84 15.38 152.96 152.96 11.06 1.50 18.42
MWBX 15.27 14.98 14.98 15.27 250.41 250.41 18.39 1.51 32.08
MYST NA NA NA NA NA NA NA 0.00 NA
NASB 11.38 11.85 14.52 12.85 229.07 235.94 19.45 1.57 14.87
NBN 34.86 25.89 27.46 20.60 191.60 212.49 14.45 1.17 30.46
NBSI 54.69 41.67 44.87 54.69 150.86 150.86 20.35 2.29 76.19
NEIB 14.53 15.69 15.69 14.53 136.42 136.42 18.68 1.58 23.72
NEP NA NA NA NA NA NA NA 0.00 NA
NHTB 14.76 15.98 17.56 16.60 173.61 200.85 13.95 2.82 37.59
NMSB 20.50 21.12 21.12 17.42 163.21 163.21 15.21 2.30 39.39
NSLB 31.25 26.52 26.92 31.25 105.17 105.93 20.76 2.86 75.76
NSSY 17.07 19.16 64.55 19.97 209.54 215.87 17.05 0.85 12.20
NTBK NM NM NM NM 500.00 500.00 182.93 0.00 0.00
NTMG 29.17 25.61 38.89 37.50 178.57 178.57 9.85 1.91 25.15
NWEQ 14.27 15.65 16.25 15.09 142.54 142.54 17.80 2.84 37.04
NWSB 38.64 40.48 40.48 38.64 382.88 431.47 35.38 0.94 38.10
OCFC 19.71 20.94 20.82 19.30 135.02 135.02 19.26 2.16 33.90
OCN 17.57 18.71 54.17 NM 375.18 389.81 51.31 0.00 0.00
OFCP 19.93 22.01 23.05 22.35 205.29 252.35 17.69 1.36 27.13
OHSL 21.22 19.91 20.67 23.71 149.31 149.31 16.75 2.73 54.32
OSFS NA NA NA NA 97.15 97.15 26.32 0.00 NA
OTFC NA NA NA NA 115.71 115.71 29.92 1.13 NA
Page 6 of 13
Current Current
Stock Market
Total Price Value
Ticker State Exchange Assets ($) ($M)
- --------------------------------------------------------------------------------------------------------------------------------
PBCI Pamrapo Bancorp Inc. NJ NASDAQ 376,714 28.00 79.60
PBCT People's Bank (MHC) CT NASDAQ 8,184,000 39.38 2,408.27
PBHC Pathfinder Bancorp Inc. (MHC) NY NASDAQ 196,770 21.13 60.73
PBKB People's Bancshares Inc. MA NASDAQ 762,910 24.63 80.98
PCBC Perry County Financial Corp. MO NASDAQ 85,030 23.75 19.66
PDB Piedmont Bancorp Inc. NC AMSE 130,167 10.75 29.57
PEDE Great Pee Dee Bancorp SC NASDAQ 72,057 15.75 34.68
PEEK Peekskill Financial Corp. NY NASDAQ 184,215 17.44 54.53
PERM Permanent Bancorp Inc. IN NASDAQ 419,819 36.00 75.87
PERT Perpetual Bank (MHC) SC NASDAQ 292,059 65.00 98.08
PFDC Peoples Bancorp IN NASDAQ 294,291 23.00 77.77
PFED Park Bancorp Inc. IL NASDAQ 176,957 18.25 42.57
PFFB PFF Bancorp Inc. CA NASDAQ 2,765,855 21.00 377.07
PFFC Peoples Financial Corp. OH NASDAQ 82,464 16.50 23.37
PFNC Progress Financial Corp. PA NASDAQ 493,406 17.75 72.13
PFSB PennFed Financial Services Inc NJ NASDAQ 1,475,509 17.88 172.42
PFSLD Pocahontas Bancorp Inc. AR NASDAQ 389,405 10.38 69.19
PHBK Peoples Heritage Finl Group ME NASDAQ 6,795,337 50.31 1,395.55
PHFC Pittsburgh Home Financial Corp PA NASDAQ 299,669 18.50 36.43
PHSB Peoples Home Savings Bk (MHC) PA NASDAQ 217,735 20.63 56.93
PKPS Poughkeepsie Financial Corp. NY NASDAQ 875,492 11.25 141.87
PLSK Pulaski Savings Bank (MHC) NJ NASDAQ 181,732 19.00 40.05
PMFI Perpetual Midwest Financial IA NASDAQ 392,093 31.50 60.35
PRBC Prestige Bancorp Inc. PA NASDAQ 143,263 20.25 18.53
PROV Provident Financial Holdings CA NASDAQ 723,696 23.00 107.51
PSBK Progressive Bank Inc. NY NASDAQ 883,494 42.38 162.37
PSFC Peoples-Sidney Financial Corp. OH NASDAQ 106,239 18.00 32.14
PSFI PS Financial Inc. IL NASDAQ 87,922 14.13 28.96
PTRS Potters Financial Corp. OH NASDAQ 122,637 20.50 20.02
PULB Pulaski Bank, Svgs Bank (MHC) MO NASDAQ 180,485 49.00 102.75
PULS Pulse Bancorp NJ NASDAQ 539,322 27.38 84.65
PVFC PVF Capital Corp. OH NASDAQ 396,214 24.38 64.82
PVSA Parkvale Financial Corp. PA NASDAQ 1,019,143 31.75 162.83
PWBC PennFirst Bancorp Inc. PA NASDAQ 910,770 19.38 102.12
PWBK Pennwood Bancorp Inc. PA NASDAQ 47,211 22.00 12.11
QCBC Quaker City Bancorp Inc. CA NASDAQ 852,154 22.88 106.55
QCFB QCF Bancorp Inc. MN NASDAQ 152,668 27.25 37.65
QCSB Queens County Bancorp Inc. NY NASDAQ 1,603,269 45.25 674.80
RARB Raritan Bancorp Inc. NJ NASDAQ 408,308 27.75 65.83
RCBK Richmond County Financial Corp NY NASDAQ 1,096,040 19.13 467.92
REDF RedFed Bancorp Inc. CA NASDAQ 1,009,754 19.88 143.75
RELI Reliance Bancshares Inc. WI NASDAQ 44,544 9.25 23.70
RELY Reliance Bancorp Inc. NY NASDAQ 2,243,100 40.88 393.79
RIVR River Valley Bancorp IN NASDAQ 138,461 19.75 23.51
ROSE TR Financial Corp. NY NASDAQ 3,843,056 34.88 613.73
RSLN Roslyn Bancorp Inc. NY NASDAQ 3,601,079 24.25 1,058.33
RVSB Riverview Bancorp Inc. WA NASDAQ 263,045 17.00 104.27
Current Price in Relation to
--------------------------------------------------------------------------------------- Current LTM
Price/ Price/ Tangible Dividend Dividend
Earnings LTM EPS LTM Core EPS Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (x) (x) (x) (%) (%) (%) (%) (%)
- ---------------------------------------------------------------------------------------------------------------------------
PBCI 15.91 16.09 16.87 18.42 164.03 165.09 21.13 4.00 57.47
PBCT 24.01 26.08 44.74 44.74 339.15 340.91 29.43 1.93 44.60
PBHC 66.02 32.50 37.72 105.63 257.62 303.96 30.87 0.95 26.68
PBKB 15.39 16.75 35.18 38.48 268.83 279.51 10.62 1.95 28.57
PCBC 22.84 20.47 20.47 22.84 120.19 120.19 23.12 2.11 34.48
PDB 20.67 19.20 19.20 20.67 140.34 140.34 22.72 3.72 71.43
PEDE NA NA NA NA 112.34 112.34 48.14 0.00 NA
PEEK 27.25 26.03 26.03 27.25 117.27 117.27 29.60 2.06 53.73
PERM 27.27 29.51 30.00 29.03 174.17 176.21 18.03 1.22 28.69
PERT 39.63 50.00 43.33 39.63 320.35 320.35 33.58 2.15 103.85
PFDC 19.17 18.40 18.40 19.17 173.58 173.58 26.50 1.91 33.34
PFED 76.04 27.24 28.08 57.03 110.27 110.27 24.06 0.00 0.00
PFFB 18.75 25.61 27.27 21.88 140.47 141.89 13.63 0.00 0.00
PFFC 45.83 33.67 33.67 45.83 150.27 150.27 28.35 3.03 NM
PFNC 20.17 19.72 25.72 27.73 287.22 342.00 14.62 0.68 10.73
PFSB 15.41 15.82 15.96 15.96 155.16 181.10 11.69 0.78 12.39
PFSLD NA NA NA NA NA NA NA 8.68 NA
PHBK 17.72 19.43 19.81 17.72 293.71 390.93 20.54 1.75 29.34
PHFC 14.92 16.23 18.69 17.79 147.76 149.56 12.16 1.30 240.35
PHSB 28.65 NA NA 30.33 198.89 198.89 26.14 1.16 NA
PKPS NM 62.50 51.14 NM 195.65 195.65 16.20 2.13 69.44
PLSK 43.18 NA NA 43.18 184.65 184.65 22.04 1.58 NA
PMFI 34.24 31.19 35.39 37.50 170.36 170.36 15.19 0.95 29.70
PRBC 28.13 22.01 22.50 31.64 118.56 118.56 12.93 0.99 13.04
PROV 23.00 21.90 41.82 57.50 128.85 128.85 14.91 0.00 0.00
PSBK 19.62 19.26 19.71 19.99 206.91 228.19 18.38 1.89 30.91
PSFC 22.50 NA NA 22.50 113.56 113.56 30.25 1.56 NA
PSFI NM 30.05 17.44 32.10 126.80 126.80 33.31 3.40 910.64
PTRS 26.97 16.94 17.23 26.97 181.26 181.26 16.27 0.98 14.46
PULB 55.68 53.85 61.25 61.25 424.61 424.61 56.93 2.25 115.38
PULS 16.29 15.29 15.47 16.29 191.30 191.30 15.67 2.92 40.50
PVFC 12.97 13.32 14.09 13.54 224.65 224.65 16.36 0.00 0.00
PVSA 15.26 15.72 15.72 15.26 201.08 202.23 15.91 1.89 23.17
PWBC 17.94 17.94 17.94 17.94 149.04 167.31 11.21 1.86 31.81
PWBK 26.19 26.19 25.58 34.38 131.26 131.26 25.66 1.64 38.10
QCBC 16.82 17.87 18.45 17.33 145.42 145.42 12.54 0.00 0.00
QCFB 11.95 13.36 13.36 11.95 140.39 140.39 24.67 0.00 0.00
QCSB 29.01 28.28 28.64 30.57 342.03 342.03 42.09 1.77 38.19
RARB 17.79 18.02 18.26 17.79 213.30 216.29 16.12 2.16 30.74
RCBK NA NA NA NA NA NA NA 0.00 NA
REDF 13.08 14.10 13.80 12.12 170.60 171.19 14.24 0.00 0.00
RELI 46.25 44.05 46.25 46.25 106.20 106.20 53.22 0.00 0.00
RELY 20.44 20.75 21.98 20.85 205.20 301.22 17.56 1.76 32.49
RIVR 17.03 NA NA 18.99 133.45 135.37 16.98 1.01 NA
ROSE 16.45 17.79 19.93 18.55 239.86 239.86 15.97 1.95 28.06
RSLN 25.26 NA NA 22.45 168.40 169.23 29.39 1.32 NA
RVSB NA NA NA NA 174.36 180.66 39.64 0.82 NA
Page 7 of 13
Current Current
Stock Market
Total Price Value
Ticker State Exchange Assets ($) ($M)
- --------------------------------------------------------------------------------------------------------------------------------
SBFL SB of the Finger Lakes (MHC) NY NASDAQ 247,708 20.25 72.29
SBOS Boston Bancorp (The) MA NASDAQ 1,715,070 NA NA
SCBS Southern Community Bancshares AL NASDAQ 70,893 17.00 19.33
SCCB S. Carolina Community Bancshrs SC NASDAQ 45,092 21.50 12.54
SFED SFS Bancorp Inc. NY NASDAQ 174,428 26.00 31.42
SFFC StateFed Financial Corp. IA NASDAQ 88,608 14.50 22.61
SFIN Statewide Financial Corp. NJ NASDAQ 675,316 23.00 103.93
SFSB SuburbFed Financial Corp. IL NASDAQ 438,462 47.25 59.80
SFSL Security First Corp. OH NASDAQ 677,876 22.50 169.39
SGVB SGV Bancorp Inc. CA NASDAQ 407,821 18.00 42.22
SHEN First Shenango Bancorp Inc. PA NASDAQ 374,972 43.00 88.97
SHSB SHS Bancorp Inc. PA NASDAQ 88,572 17.62 14.45
SIB Staten Island Bancorp Inc. NY NYSE 2,651,170 20.63 930.81
SISB SIS Bancorp Inc. MA NASDAQ 1,733,618 41.13 285.73
SKAN Skaneateles Bancorp Inc. NY NASDAQ 256,101 19.50 28.02
SKBO First Carnegie Deposit (MHC) PA NASDAQ 143,650 20.00 46.00
SMBC Southern Missouri Bancorp Inc. MO NASDAQ 159,926 22.50 35.92
SOBI Sobieski Bancorp Inc. IN NASDAQ 87,553 20.25 15.88
SOPN First Savings Bancorp Inc. NC NASDAQ 300,816 25.97 96.21
SOSA Somerset Savings Bank MA NASDAQ 539,672 5.03 83.81
SPBC St. Paul Bancorp Inc. IL NASDAQ 4,557,336 25.88 885.05
SRN Southern Banc Co. AL AMSE 105,116 16.50 20.30
SSB Scotland Bancorp Inc. NC AMSE 61,473 9.63 18.42
SSFC South Street Financial Corp. NC NASDAQ 228,491 11.50 53.78
SSM Stone Street Bancorp Inc. NC AMSE 108,092 20.63 39.15
STFR St. Francis Capital Corp. WI NASDAQ 1,597,648 44.50 233.68
STSA Sterling Financial Corp. WA NASDAQ 1,876,250 26.00 196.81
SVRN Sovereign Bancorp Inc. PA NASDAQ 14,336,283 19.13 2,627.15
SWBI Southwest Bancshares Inc. IL NASDAQ 368,282 32.63 88.57
SWCB Sandwich Bancorp Inc. MA NASDAQ 518,697 64.00 124.30
SZB SouthFirst Bancshares Inc. AL AMSE 165,388 21.38 20.86
THR Three Rivers Financial Corp. MI AMSE 97,487 21.00 17.32
THRD TF Financial Corp. PA NASDAQ 597,047 28.50 90.84
TPNZ Tappan Zee Financial Inc. NY NASDAQ 126,470 20.13 29.75
TRIC Tri-County Bancorp Inc. WY NASDAQ 89,999 13.75 16.05
TSBK Timberland Bancorp Inc. WA NASDAQ 293,278 18.00 119.03
TSBS Peoples Bancorp Inc. (MHC) NJ NASDAQ 640,419 43.25 391.26
TSH Teche Holding Co. LA AMSE 408,591 22.00 75.63
TWIN Twin City Bancorp TN NASDAQ 108,687 14.75 18.71
UBMT United Financial Corp. MT NASDAQ 96,258 27.75 47.13
UCBC Union Community Bancorp IN NASDAQ 132,040 14.88 45.25
UFRM United Federal Savings Bank NC NASDAQ 304,159 18.38 58.24
USAB USABancshares Inc. PA NASDAQ 64,269 14.00 10.25
UTBI United Tennessee Bankshares TN NASDAQ 89,884 15.00 21.82
VABF Virginia Beach Fed. Financial VA NASDAQ 616,188 19.13 95.25
WAMU Washington Mutual Inc. WA NASDAQ 96,981,099 74.00 19,059.44
WAYN Wayne Savings Bancshares (MHC) OH NASDAQ 255,124 28.75 64.90
Page 8 of 13
Current Price in Relation to
--------------------------------------------------------------------------------------- Current LTM
Price/ Price/ Tangible Dividend Dividend
Earnings LTM EPS LTM Core EPS Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (x) (x) (x) (%) (%) (%) (%) (%)
- ---------------------------------------------------------------------------------------------------------------------------
SBFL 72.32 84.38 96.43 84.38 333.06 333.06 29.18 0.99 83.33
SBOS NA NA NA NA NA NA NA NA 10.89
SCBS 19.32 19.77 19.54 19.32 137.10 137.10 27.27 1.77 34.88
SCCB 44.79 30.71 30.71 44.79 134.46 134.46 27.81 2.98 88.57
SFED 25.00 27.96 28.89 28.26 146.64 146.64 18.01 1.23 29.03
SFFC 20.14 20.14 20.14 20.14 144.42 144.42 25.49 1.38 27.78
SFIN 16.91 17.69 17.83 17.42 159.83 160.06 15.36 1.91 32.31
SFSB 22.29 22.72 28.13 30.29 202.70 203.31 13.64 0.68 15.38
SFSL 20.09 21.03 21.03 20.09 268.50 272.73 25.13 1.42 29.28
SGVB 50.00 31.03 37.50 50.00 137.09 139.10 10.35 0.00 0.00
SHEN 20.67 19.20 19.20 20.67 185.91 185.91 23.73 1.40 25.45
SHSB NA NA NA NA 120.27 120.27 16.31 0.00 NA
SIB NA NA NA NA 135.69 139.45 35.11 0.00 NA
SISB 114.24 24.92 19.58 16.85 226.33 226.33 16.48 1.56 31.52
SKAN 18.75 17.26 17.89 18.75 158.54 162.91 10.94 1.44 23.61
SKBO 83.33 NA NA 125.00 186.22 186.22 32.02 1.50 NA
SMBC 31.25 26.16 27.44 35.16 136.61 136.61 22.68 2.22 58.14
SOBI 29.78 30.68 30.68 29.78 114.08 114.08 17.67 1.58 45.45
SOPN 20.29 20.78 20.78 20.29 140.30 140.30 31.95 3.85 67.20
SOSA 13.98 14.37 14.80 13.98 234.00 234.00 15.53 0.00 0.00
SPBC 17.97 18.48 18.35 17.97 211.74 212.26 19.42 1.55 25.71
SRN 45.83 39.29 39.29 45.83 111.19 112.09 19.31 2.12 83.33
SSB 26.74 14.81 14.81 26.74 124.51 124.51 29.97 2.08 965.38
SSFC NM 23.96 25.00 NM 146.50 146.50 23.54 3.48 NM
SSM 27.14 25.15 25.15 27.14 125.99 125.99 36.22 2.23 542.68
STFR 15.45 19.10 19.87 21.39 179.94 201.81 14.63 1.26 21.46
STSA 19.70 20.80 22.81 19.70 191.32 207.01 10.49 0.00 0.00
SVRN 19.92 30.36 25.16 20.79 301.66 363.59 14.96 0.42 10.59
SWBI 21.46 21.90 21.90 19.42 201.14 201.14 24.05 2.45 51.68
SWCB 22.54 26.12 26.78 23.53 295.89 306.51 23.96 2.19 51.02
SZB 19.79 28.89 24.02 18.43 130.34 133.76 12.61 2.81 67.57
THR 20.19 19.63 20.79 21.88 131.91 132.33 17.76 2.10 35.51
THRD 22.98 22.80 26.89 26.39 164.17 196.69 15.21 1.68 32.00
TPNZ 27.95 27.95 28.75 29.60 138.22 138.22 23.52 1.39 33.33
TRIC 19.10 18.33 17.86 19.10 116.13 116.13 17.84 2.91 43.33
TSBK NA NA NA NA NA NA NA 0.00 NA
TSBS 63.60 52.74 70.90 63.60 355.67 393.90 61.10 0.81 42.68
TSH 19.64 18.33 19.13 19.64 136.73 136.73 18.51 2.27 41.67
TWIN 16.76 17.15 20.77 21.69 133.48 133.48 17.22 2.71 48.84
UBMT 40.81 25.23 25.23 40.81 137.72 137.72 35.26 3.60 88.18
UCBC NA NA NA NA 105.42 105.42 34.27 2.02 NA
UFRM 41.76 32.24 49.66 76.56 265.15 265.15 19.15 1.31 40.35
USAB 21.88 48.28 53.85 23.33 208.02 211.16 15.95 0.00 0.00
UTBI NA NA NA NA NA NA NA 0.00 NA
VABF 21.73 23.91 29.88 28.13 215.86 215.86 15.46 1.26 25.00
WAMU 19.68 39.78 23.49 20.56 355.77 382.03 19.65 1.57 56.99
WAYN 35.94 34.64 37.34 39.93 268.19 268.19 25.44 2.16 74.49
Current Current
Stock Market
Total Price Value
Ticker State Exchange Assets ($) ($M)
- --------------------------------------------------------------------------------------------------------------------------------
WBST Webster Financial Corp. CT NASDAQ 7,019,621 69.75 952.31
WCBI Westco Bancorp Inc. IL NASDAQ 315,944 29.50 72.70
WCFB Webster City Federal SB (MHC) IA NASDAQ 95,121 20.00 42.19
WEFC Wells Financial Corp. MN NASDAQ 201,436 19.25 37.72
WEHO Westwood Homestead Fin. Corp. OH NASDAQ 134,259 14.25 40.52
WES Westcorp CA NYSE 3,728,865 16.88 443.45
WFI Winton Financial Corp. OH AMSE 329,897 16.13 64.73
WFSL Washington Federal Inc. WA NASDAQ 5,713,308 28.13 1,473.36
WHGB WHG Bancshares Corp. MD NASDAQ 101,331 18.75 26.04
WOFC Western Ohio Financial Corp. OH NASDAQ 371,988 26.75 62.92
WRNB Warren Bancorp Inc. MA NASDAQ 370,993 24.50 93.25
WSB Washington Savings Bank, FSB MD AMSE 265,742 8.00 35.25
WSBI Warwick Community Bancorp NY NASDAQ 298,170 17.63 116.44
WSFS WSFS Financial Corp. DE NASDAQ 1,515,217 21.75 271.00
WSTR WesterFed Financial Corp. MT NASDAQ 1,035,096 26.13 145.83
WVFC WVS Financial Corp. PA NASDAQ 292,022 39.50 69.25
WYNE Wayne Bancorp Inc. NJ NASDAQ 270,043 30.00 60.41
YFCB Yonkers Financial Corp. NY NASDAQ 331,802 19.13 57.77
YFED York Financial Corp. PA NASDAQ 1,182,276 25.50 225.72
Current Price in Relation to
--------------------------------------------------------------------------------------- Current LTM
Price/ Price/ Tangible Dividend Dividend
Earnings LTM EPS LTM Core EPS Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (x) (x) (x) (%) (%) (%) (%) (%)
- ---------------------------------------------------------------------------------------------------------------------------
WBST 16.45 28.59 19.76 17.61 249.20 285.74 13.57 1.15 31.97
WCBI 16.39 16.86 18.10 17.99 149.59 149.59 23.01 2.31 35.43
WCFB 31.25 30.77 30.77 31.25 188.68 188.68 44.36 4.00 123.08
WEFC 16.59 16.59 17.04 17.19 127.23 127.23 18.72 2.49 20.69
WEHO NM 43.18 27.40 NA 134.43 134.43 30.18 2.53 NM
WES 11.10 12.05 NM NM 127.17 127.45 11.89 2.37 28.57
WFI 16.80 18.75 22.40 20.16 265.21 270.10 19.61 1.55 27.33
WFSL 13.79 13.79 13.92 14.06 199.61 216.51 25.74 3.13 41.00
WHGB 39.06 34.09 33.48 39.06 130.75 130.75 25.70 1.71 41.82
WOFC NM NM 157.35 NM 116.76 124.94 17.14 3.74 NM
WRNB 16.55 13.39 16.78 17.50 232.89 232.89 25.14 2.12 47.54
WSB 22.22 18.18 25.00 28.57 152.96 152.96 13.26 1.25 22.73
WSBI NA NA NA NA NA NA NA 0.00 NA
WSFS 17.54 16.86 17.13 18.13 312.50 314.31 17.89 0.00 0.00
WSTR 17.65 19.64 20.10 18.14 135.29 166.51 14.08 1.84 35.41
WVFC 17.63 18.72 18.63 17.03 222.54 222.54 23.72 3.04 255.92
WYNE 32.61 29.13 29.13 32.61 177.94 177.94 22.37 0.67 19.42
YFCB 16.49 17.55 17.87 18.39 128.61 128.61 17.41 1.46 20.18
YFED 20.56 21.07 25.00 27.72 215.37 215.37 19.09 2.04 39.67
Page 9 of 13
Current Current
Stock Market
Total Price Value
Ticker State Exchange Assets ($) ($M)
- --------------------------------------------------------------------------------------------------------------------------------
Assets less than $100 Million
ALBC Albion Banc Corp. NY NASDAQ 71,719 10.75 8.06
ATSB AmTrust Capital Corp. IN NASDAQ 69,106 15.50 7.91
CIBI Community Investors Bancorp OH NASDAQ 95,876 19.00 17.15
CKFB CKF Bancorp Inc. KY NASDAQ 62,865 19.75 17.12
CNSB CNS Bancorp Inc. MO NASDAQ 97,891 18.25 30.17
CRZY Crazy Woman Creek Bancorp WY NASDAQ 60,774 16.88 16.11
CSBF CSB Financial Group Inc. IL NASDAQ 47,602 13.25 11.13
FCB Falmouth Bancorp Inc. MA AMSE 97,564 22.88 33.28
FFBI First Financial Bancorp Inc. IL NASDAQ 82,682 25.25 10.49
FFDF FFD Financial Corp. OH NASDAQ 92,364 22.50 32.51
FLKY First Lancaster Bancshares KY NASDAQ 49,880 15.50 14.77
FTSB Fort Thomas Financial Corp. KY NASDAQ 99,873 15.25 22.49
GLMR Gilmer Financial Svcs, Inc. TX NASDAQ 42,171 14.13 2.70
HBBI Home Building Bancorp IN NASDAQ 42,430 24.00 7.48
HCBC High Country Bancorp Inc. CO NASDAQ 87,130 15.25 20.17
HCFC Home City Financial Corp. OH NASDAQ 71,854 18.63 16.85
HHFC Harvest Home Financial Corp. OH NASDAQ 93,141 15.00 13.37
HLFC Home Loan Financial Corp. OH NASDAQ 61,324 16.19 36.39
HWEN Home Financial Bancorp IN NASDAQ 43,504 9.25 8.59
HZFS Horizon Financial Svcs Corp. IA NASDAQ 88,769 16.25 13.86
INCB Indiana Community Bank SB IN NASDAQ 95,378 20.75 19.13
JOAC Joachim Bancorp Inc. MO NASDAQ 34,229 16.44 11.88
KYF Kentucky First Bancorp Inc. KY AMSE 86,307 14.13 17.70
LOGN Logansport Financial Corp. IN NASDAQ 86,115 17.88 22.54
LONF London Financial Corp. OH NASDAQ 37,916 15.25 7.78
LXMO Lexington B&L Financial Corp. MO NASDAQ 92,450 16.38 18.35
MBSP Mitchell Bancorp Inc. NC NASDAQ 36,103 17.13 15.94
MCBN Mid-Coast Bancorp Inc. ME NASDAQ 62,632 12.75 9.06
MIVI Mississippi View Holding Co. MN NASDAQ 68,619 20.00 14.80
MRKF Market Financial Corp. OH NASDAQ 56,833 17.25 23.04
MSBF MSB Financial Inc. MI NASDAQ 77,444 16.63 20.48
NSLB NS&L Bancorp Inc. MO NASDAQ 57,823 17.50 12.00
NTBK Net.B@nk Inc. GA NASDAQ 93,220 27.75 170.54
NWEQ Northwest Equity Corp. WI NASDAQ 99,558 21.13 17.72
OSFS Ohio State Financial Services OH NASDAQ 38,559 16.00 10.15
PCBC Perry County Financial Corp. MO NASDAQ 85,030 23.75 19.66
PEDE Great Pee Dee Bancorp SC NASDAQ 72,057 15.75 34.68
PFFC Peoples Financial Corp. OH NASDAQ 82,464 16.50 23.37
PSFI PS Financial Inc. IL NASDAQ 87,922 14.13 28.96
PWBK Pennwood Bancorp Inc. PA NASDAQ 47,211 22.00 12.11
RELI Reliance Bancshares Inc. WI NASDAQ 44,544 9.25 23.70
SCBS Southern Community Bancshares AL NASDAQ 70,893 17.00 19.33
SCCB S. Carolina Community Bancshrs SC NASDAQ 45,092 21.50 12.54
SFFC StateFed Financial Corp. IA NASDAQ 88,608 14.50 22.61
Current Price in Relation to
--------------------------------------------------------------------------------------- Current LTM
Price/ Price/ Tangible Dividend Dividend
Earnings LTM EPS LTM Core EPS Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (x) (x) (x) (%) (%) (%) (%) (%)
- ---------------------------------------------------------------------------------------------------------------------------
ALBC 19.20 19.20 19.20 19.20 131.10 131.10 131.10 131.10 131.10
ATSB 29.81 29.81 29.81 29.81 105.73 105.73 105.73 105.73 105.73
CIBI 19.00 19.00 19.00 19.00 154.35 154.35 154.35 154.35 154.35
CKFB 18.99 18.99 18.99 18.99 115.23 115.23 115.23 115.23 115.23
CNSB 32.59 32.59 32.59 32.59 126.12 126.12 126.12 126.12 126.12
CRZY 20.09 20.09 20.09 20.09 112.20 112.20 112.20 112.20 112.20
CSBF 27.60 27.60 27.60 27.60 101.22 101.22 101.22 101.22 101.22
FCB 22.88 22.88 22.88 22.88 142.43 142.43 142.43 142.43 142.43
FFBI 52.60 52.60 52.60 52.60 137.45 137.45 137.45 137.45 137.45
FFDF 46.88 46.88 46.88 46.88 146.29 146.29 146.29 146.29 146.29
FLKY 24.22 24.22 24.22 24.22 103.89 103.89 103.89 103.89 103.89
FTSB 18.15 18.15 18.15 18.15 142.39 142.39 142.39 142.39 142.39
GLMR NM NM NM NM 71.05 71.05 71.05 71.05 71.05
HBBI 25.00 25.00 25.00 25.00 116.45 116.45 116.45 116.45 116.45
HCBC NA NA NA NA 113.05 113.05 113.05 113.05 113.05
HCFC 19.40 19.40 19.40 19.40 120.39 120.39 120.39 120.39 120.39
HHFC 26.79 26.79 26.79 26.79 129.09 129.09 129.09 129.09 129.09
HLFC NA NA NA NA NA NA NA NA NA
HWEN 23.13 23.13 23.13 23.13 116.35 116.35 116.35 116.35 116.35
HZFS 16.25 16.25 16.25 16.25 153.59 153.59 153.59 153.59 153.59
INCB 34.58 34.58 34.58 34.58 165.08 165.08 165.08 165.08 165.08
JOAC 45.66 45.66 45.66 45.66 119.99 119.99 119.99 119.99 119.99
KYF 22.07 22.07 22.07 22.07 124.78 124.78 124.78 124.78 124.78
LOGN 15.41 15.41 15.41 15.41 136.24 136.24 136.24 136.24 136.24
LONF 15.25 15.25 15.25 15.25 149.07 149.07 149.07 149.07 149.07
LXMO 22.74 22.74 22.74 22.74 108.23 108.23 108.23 108.23 108.23
MBSP 32.93 32.93 32.93 32.93 110.06 110.06 110.06 110.06 110.06
MCBN 17.71 17.71 17.71 17.71 173.71 173.71 173.71 173.71 173.71
MIVI 20.83 20.83 20.83 20.83 118.69 118.69 118.69 118.69 118.69
MRKF 35.94 35.94 35.94 35.94 114.01 114.01 114.01 114.01 114.01
MSBF 16.63 16.63 16.63 16.63 157.43 157.43 157.43 157.43 157.43
NSLB 31.25 31.25 31.25 31.25 105.17 105.17 105.17 105.17 105.17
NTBK NM NM NM NM 500.00 500.00 500.00 500.00 500.00
NWEQ 14.27 14.27 14.27 14.27 142.54 142.54 142.54 142.54 142.54
OSFS NA NA NA NA 97.15 97.15 97.15 97.15 97.15
PCBC 22.84 22.84 22.84 22.84 120.19 120.19 120.19 120.19 120.19
PEDE NA NA NA NA 112.34 112.34 112.34 112.34 112.34
PFFC 45.83 45.83 45.83 45.83 150.27 150.27 150.27 150.27 150.27
PSFI NM NM NM NM 126.80 126.80 126.80 126.80 126.80
PWBK 26.19 26.19 26.19 26.19 131.26 131.26 131.26 131.26 131.26
RELI 46.25 46.25 46.25 46.25 106.20 106.20 106.20 106.20 106.20
SCBS 19.32 19.32 19.32 19.32 137.10 137.10 137.10 137.10 137.10
SCCB 44.79 44.79 44.79 44.79 134.46 134.46 134.46 134.46 134.46
SFFC 20.14 20.14 20.14 20.14 144.42 144.42 144.42 144.42 144.42
Page 10 of 13
Current Current
Stock Market
Total Price Value
Ticker State Exchange Assets ($) ($M)
- --------------------------------------------------------------------------------------------------------------------------------
SHSB SHS Bancorp Inc. PA NASDAQ 88,572 17.62 14.45
SOBI Sobieski Bancorp Inc. IN NASDAQ 87,553 20.25 15.88
SSB Scotland Bancorp Inc. NC AMSE 61,473 9.63 18.42
THR Three Rivers Financial Corp. MI AMSE 97,487 21.00 17.32
TRIC Tri-County Bancorp Inc. WY NASDAQ 89,999 13.75 16.05
UBMT United Financial Corp. MT NASDAQ 96,258 27.75 47.13
USAB USABancshares Inc. PA NASDAQ 64,269 14.00 10.25
UTBI United Tennessee Bankshares TN NASDAQ 89,884 15.00 21.82
WCFB Webster City Federal SB (MHC) IA NASDAQ 95,121 20.00 42.19
Assets less than $100 Million Average 73,135 21.36
Assets less than $100 Million Median 77,444 17.15
Current Price in Relation to
--------------------------------------------------------------------------------------- Current LTM
Price/ Price/ Tangible Dividend Dividend
Earnings LTM EPS LTM Core EPS Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (x) (x) (x) (%) (%) (%) (%) (%)
- ---------------------------------------------------------------------------------------------------------------------------
SHSB NA NA NA NA 120.27 120.27 120.27 120.27 120.27
SOBI 29.78 29.78 29.78 29.78 114.08 114.08 114.08 114.08 114.08
SSB 26.74 26.74 26.74 26.74 124.51 124.51 124.51 124.51 124.51
THR 20.19 20.19 20.19 20.19 131.91 131.91 131.91 131.91 131.91
TRIC 19.10 19.10 19.10 19.10 116.13 116.13 116.13 116.13 116.13
UBMT 40.81 40.81 40.81 40.81 137.72 137.72 137.72 137.72 137.72
USAB 21.88 21.88 21.88 21.88 208.02 208.02 208.02 208.02 208.02
UTBI NA NA NA NA NA NA NA NA NA
WCFB 31.25 31.25 31.25 31.25 188.68 188.68 188.68 188.68 188.68
26.89 26.89 26.89 26.89 136.57 136.57 136.57 136.57 136.57
23.01 23.01 23.01 23.01 126.12 126.12 126.12 126.12 126.12
Page 11 of 13
Current Current
Stock Market
Total Price Value
Ticker State Exchange Assets ($) ($M)
- --------------------------------------------------------------------------------------------------------------------------------
Minnesota
BDJI First Federal Bancorp. MN NASDAQ 118,838 19.88 19.84
FFHH FSF Financial Corp. MN NASDAQ 402,850 20.38 62.05
HMNF HMN Financial Inc. MN NASDAQ 691,232 29.25 121.22
MIVI Mississippi View Holding Co. MN NASDAQ 68,619 20.00 14.80
QCFB QCF Bancorp Inc. MN NASDAQ 152,668 27.25 37.65
WEFC Wells Financial Corp. MN NASDAQ 201,436 19.25 37.72
Minnesota Average 272,607 48.88
Minnesota Median 177,052 37.69
Current Price in Relation to
--------------------------------------------------------------------------------------- Current LTM
Price/ Price/ Tangible Dividend Dividend
Earnings LTM EPS LTM Core EPS Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (x) (x) (x) (%) (%) (%) (%) (%)
- ---------------------------------------------------------------------------------------------------------------------------
BDJI 19.11 23.11 23.11 19.11 164.12 164.12 16.70 0.00 0.00
FFHH 19.59 18.52 18.52 19.59 124.69 124.69 15.25 2.45 45.45
HMNF 23.59 20.74 25.88 31.79 143.52 154.60 17.54 0.00 0.00
MIVI 20.83 21.05 21.28 20.83 118.69 118.69 21.57 1.60 16.84
QCFB 11.95 13.36 13.36 11.95 140.39 140.39 24.67 0.00 0.00
WEFC 16.59 16.59 17.04 17.19 127.23 127.23 18.72 2.49 20.69
18.61 18.90 19.87 20.08 136.44 138.29 19.08 1.09 13.83
19.35 19.63 19.90 19.35 133.81 133.81 18.13 0.80 8.42
Page 12 of 13
Current Current
Stock Market
Total Price Value
Ticker State Exchange Assets ($) ($M)
- --------------------------------------------------------------------------------------------------------------------------------
Comparable Group
ATSB AmTrust Capital Corp. IN NASDAQ 69,106 15.50 7.91
CKFB CKF Bancorp Inc. KY NASDAQ 62,865 19.75 17.12
FFBI First Financial Bancorp Inc. IL NASDAQ 82,682 25.25 10.49
FFDF FFD Financial Corp. OH NASDAQ 92,364 22.50 32.51
FTSB Fort Thomas Financial Corp. KY NASDAQ 99,873 15.25 22.49
HCFC Home City Financial Corp. OH NASDAQ 71,854 18.63 16.85
KYF Kentucky First Bancorp Inc. KY AMSE 86,307 14.13 17.70
LOGN Logansport Financial Corp. IN NASDAQ 86,115 17.88 22.54
MSBF MSB Financial Inc. MI NASDAQ 77,444 16.63 20.48
NSLB NS&L Bancorp Inc. MO NASDAQ 57,823 17.50 12.00
PFFC Peoples Financial Corp. OH NASDAQ 82,464 16.50 23.37
SFFC StateFed Financial Corp. IA NASDAQ 88,608 14.50 22.61
Comparable Average 79,792 18.84
Comparable Median 82,573 19.09
All Public Average 1,530,203 279.67
All Public Median 325,643 64.90
Minnesota Average 272,607 48.88
Minnesota Median 177,052 37.69
Assets less than $100 Million Average 73,135 21.36
Assets less than $100 Million Median 77,444 17.15
MIVI * Mississippi View Holding Co. MN NASDAQ 68,619 20.00 14.80
* Pricing data is based upon last trade on NASDAQ, the Bank's most current price is $18.50
MIVI Premium / (Discount) to Median: Comparables -16.90% -22.47%
All Public -78.93% -77.20%
Minnesota -61.24% -60.73%
Assets less than $100 Million -11.40% -13.70%
Current Price in Relation to
--------------------------------------------------------------------------------------- Current LTM
Price/ Price/ Tangible Dividend Dividend
Earnings LTM EPS LTM Core EPS Core Book Value Book Value Assets Yield Payout Ratio
Ticker (x) (x) (x) (x) (%) (%) (%) (%) (%)
- ---------------------------------------------------------------------------------------------------------------------------
ATSB 29.81 27.19 62.00 NM 105.73 106.82 11.45 1.29 35.09
CKFB 18.99 15.31 20.36 18.99 115.23 115.23 27.24 2.53 113.95
FFBI 52.60 84.17 41.39 NM 137.45 137.45 12.69 0.00 0.00
FFDF 46.88 18.91 40.18 46.88 146.29 146.29 35.19 1.33 23.11
FTSB 18.15 18.60 18.60 18.15 142.39 142.39 22.51 1.64 36.59
HCFC 19.40 19.01 18.81 19.40 120.39 120.39 23.45 1.93 33.67
KYF 22.07 18.11 18.34 22.07 124.78 124.78 21.24 3.54 64.10
LOGN 15.41 18.82 18.62 14.90 136.24 136.24 26.17 2.24 42.11
MSBF 16.63 18.27 19.79 19.79 157.43 157.43 26.54 1.81 29.95
NSLB 31.25 26.52 26.92 31.25 105.17 105.93 20.76 2.86 75.76
PFFC 45.83 33.67 33.67 45.83 150.27 150.27 28.35 3.03 NM
SFFC 20.14 20.14 20.14 20.14 144.42 144.42 25.49 1.38 27.78
28.10 26.56 28.24 25.74 132.15 132.30 23.42 1.96 43.83
21.11 18.96 20.25 19.97 136.85 136.85 24.47 1.87 35.09
24.84 24.73 25.98 27.67 182.83 190.48 21.45 1.49 49.38
20.23 20.81 22.11 22.02 161.16 165.08 19.22 1.44 29.46
18.61 18.90 19.87 20.08 136.44 138.29 19.08 1.09 13.83
19.35 19.63 19.90 19.35 133.81 133.81 18.13 0.80 8.42
26.89 26.89 26.89 26.89 136.57 136.57 136.57 136.57 136.57
23.01 23.01 23.01 23.01 126.12 126.12 126.12 126.12 126.12
20.83 21.05 21.28 20.83 118.69 118.69 21.57 1.60 16.84
-1.30% 11.02% 5.09% 4.33% -13.27% -13.27% -11.85% -14.39% -52.01%
2.99% 1.18% -3.75% -5.40% -26.35% -28.10% 12.26% 11.42% -42.83%
7.65% 7.23% 6.93% 7.65% -11.30% -11.30% 18.97% 100.00% 100.00%
-9.45% -8.50% -7.50% -9.45% -5.89% -5.89% -82.90% -98.73% -86.65%
Page 13 of 13
Exhibit 3
Selected Data on all Public Thrifts
Page 1 of 40
Corporate
---------------------------------------------------------------------------------------
Deposit
Number Insurance
of Agency Conversion
Ticker Short Name Exchange City State Offices IPO Date (BIF/SAIF) Type
- ----------------------------------------- ---------------------------------------------------------------------------------------
%CAL California Federal Bank Private San Francisco CA 227 NA SAIF Not Avail.
%CCMD Chevy Chase Bank, FSB Private Chevy Chase MD 128 NA SAIF Not Avail.
AABC Access Anytime Bancorp Inc. NASDAQ Clovis NM 3 08/08/86 SAIF Regular
ABBK Abington Bancorp Inc. NASDAQ Abington MA 8 06/10/86 BIF Regular
ABCL Alliance Bancorp NASDAQ Hinsdale IL 14 07/07/92 SAIF Regular
ABCW Anchor BanCorp Wisconsin NASDAQ Madison WI 35 07/16/92 SAIF Regular
AFBC Advance Financial Bancorp NASDAQ Wellsburg WV 2 01/02/97 SAIF Regular
AFCB Affiliated Community Bancorp NASDAQ Waltham MA 12 10/19/95 SAIF Not Avail.
AFED AFSALA Bancorp Inc. NASDAQ Amsterdam NY 6 10/01/96 SAIF Regular
AHCI Ambanc Holding Co. NASDAQ Amsterdam NY 12 12/27/95 BIF Regular
AHM H.F. Ahmanson & Co. NYSE Irwindale CA 462 10/25/72 SAIF Regular
ALBC Albion Banc Corp. NASDAQ Albion NY 2 07/26/93 SAIF Regular
ALBK ALBANK Financial Corp. NASDAQ Albany NY 109 04/01/92 SAIF Regular
ALLB Alliance Bank (MHC) NASDAQ Broomall PA 7 03/03/95 SAIF Mutual HC
AMFC AMB Financial Corp. NASDAQ Munster IN 4 04/01/96 SAIF Regular
ANA Acadiana Bancshares Inc. AMSE Lafayette LA 5 07/16/96 SAIF Regular
ANDB Andover Bancorp Inc. NASDAQ Andover MA 12 05/08/86 BIF Regular
ANE Alliance Bncp of New England AMSE Vernon CT 7 12/19/86 BIF Regular
ASBI Ameriana Bancorp NASDAQ New Castle IN 9 03/02/87 SAIF Regular
ASBP ASB Financial Corp. NASDAQ Portsmouth OH 1 05/11/95 SAIF Regular
ASFC Astoria Financial Corp. NASDAQ Lake Success NY 61 11/18/93 SAIF Regular
ATSB AmTrust Capital Corp. NASDAQ Peru IN 2 03/28/95 SAIF Regular
AVND Avondale Financial Corp. NASDAQ Chicago IL 5 04/07/95 SAIF Regular
BANC BankAtlantic Bancorp Inc. NASDAQ Fort Lauderdale FL 65 11/29/83 SAIF Regular
BDJI First Federal Bancorp. NASDAQ Bemidji MN 5 04/04/95 SAIF Regular
BFD BostonFed Bancorp Inc. AMSE Burlington MA 10 10/24/95 SAIF Regular
BFFC Big Foot Financial Corp. NASDAQ Long Grove IL 3 12/20/96 SAIF Regular
BFSB Bedford Bancshares Inc. NASDAQ Bedford VA 3 08/22/94 SAIF Regular
BKC American Bank of Connecticut AMSE Waterbury CT 14 12/01/81 BIF Regular
BKCT Bancorp Connecticut Inc. NASDAQ Southington CT 3 07/03/86 BIF Regular
BKUNA BankUnited Financial Corp. NASDAQ Coral Gables FL 18 12/11/85 SAIF Regular
BNKU Bank United Corp. NASDAQ Houston TX 80 08/09/96 SAIF Not Avail.
BPLS Bank Plus Corp. NASDAQ Los Angeles CA 38 NA SAIF Not Avail.
BRKL Brookline Bancorp (MHC) NASDAQ Brookline MA 5 03/25/98 BIF Mutual HC
BTHL Bethel Bancorp NASDAQ Portland ME 8 08/19/87 BIF Regular
BVCC Bay View Capital Corp. NASDAQ San Mateo CA 63 05/09/86 SAIF Regular
BWFC Bank West Financial Corp. NASDAQ Grand Rapids MI 3 03/30/95 SAIF Regular
BYFC Broadway Financial Corp. NASDAQ Los Angeles CA 3 01/09/96 SAIF Regular
BYS Bay State Bancorp AMSE Brookline MA 5 03/30/98 SAIF Regular
CAFI Camco Financial Corp. NASDAQ Cambridge OH 13 NA SAIF Not Avail.
CAPS Capital Savings Bancorp Inc. NASDAQ Jefferson City MO 8 12/29/93 SAIF Regular
CASB Cascade Financial Corp. NASDAQ Everett WA 11 09/16/92 SAIF Regular
CASH First Midwest Financial Inc. NASDAQ Storm Lake IA 13 09/20/93 SAIF Regular
CATB Catskill Financial Corp. NASDAQ Catskill NY 4 04/18/96 BIF Regular
CAVB Cavalry Bancorp Inc. NASDAQ Murfreesboro TN 9 NA SAIF Regular
CBCI Calumet Bancorp Inc. NASDAQ Dolton IL 5 02/20/92 SAIF Regular
CBES CBES Bancorp Inc. NASDAQ Excelsior Springs MO 2 09/30/96 SAIF Regular
CBK Citizens First Financial Corp. AMSE Bloomington IL 6 05/01/96 SAIF Regular
CBSA Coastal Bancorp Inc. NASDAQ Houston TX 37 NA SAIF Not Avail.
CBSB Charter Financial Inc. NASDAQ Sparta IL 8 12/29/95 SAIF Not Avail.
CCFH CCF Holding Co. NASDAQ Jonesboro GA 5 07/12/95 SAIF Regular
CEBK Central Co-operative Bank NASDAQ Somerville MA 8 10/24/86 BIF Regular
CENB Century Bancorp Inc. NASDAQ Thomasville NC 1 12/23/96 SAIF Regular
CENF CENFED Financial Corp. NASDAQ Pasadena CA 18 10/25/91 SAIF Regular
CFB Commercial Federal Corp. NYSE Omaha NE 164 12/31/84 SAIF Regular
CFBC Community First Banking Co. NASDAQ Carrollton GA 12 07/01/97 SAIF Regular
CFCP Coastal Financial Corp. NASDAQ Myrtle Beach SC 11 09/26/90 SAIF Regular
CFFC Community Financial Corp. NASDAQ Staunton VA 4 03/30/88 SAIF Regular
CFNC Carolina Fincorp Inc. NASDAQ Rockingham NC 4 11/25/96 SAIF Regular
CFSB CFSB Bancorp Inc. NASDAQ Lansing MI 17 06/22/90 SAIF Regular
CFTP Community Federal Bancorp NASDAQ Tupelo MS 2 03/26/96 SAIF Regular
CFX CFX Corp. AMSE Keene NH 43 02/12/87 BIF Regular
CIBI Community Investors Bancorp NASDAQ Bucyrus OH 3 02/07/95 SAIF Regular
CKFB CKF Bancorp Inc. NASDAQ Danville KY 1 01/04/95 SAIF Regular
Key Financial Data as of The Most Recent Quarter
----------------------------------------------------------------------------------------
Total Loans/ Loans/ Deposits/ Borrowings/
Assets Deposits Assets Assets Assets
Ticker ($000) (%) (%) (%) (%)
- --------- ----------------------------------------------------------------------------------------
%CAL 30,876,530 124 66.94 53.96 34.85
%CCMD 6,160,256 55 44.30 81.08 7.74
AABC 107,213 61 55.03 90.86 0.00
ABBK 531,986 103 62.61 61.08 31.19
ABCL 1,363,825 94 70.63 74.98 13.48
ABCW 1,941,180 115 80.31 69.84 22.66
AFBC 108,032 117 87.64 75.19 9.01
AFCB 1,155,048 98 61.96 63.12 26.37
AFED 160,408 57 48.16 84.84 1.13
AHCI 510,444 86 55.82 65.29 21.85
AHM 46,678,752 96 66.11 69.13 23.20
ALBC 71,719 97 74.31 76.56 12.83
ALBK 4,083,097 82 69.95 85.32 2.18
ALLB 260,464 74 59.12 80.17 8.16
AMFC 100,003 108 77.50 71.78 12.00
ANA 277,066 111 77.82 69.81 13.22
ANDB 1,322,745 104 74.42 71.59 19.56
ANE 247,129 71 63.71 89.72 2.32
ASBI 390,868 92 75.61 82.44 4.10
ASBP 113,176 86 69.06 80.24 2.89
ASFC 10,528,393 70 41.27 59.09 31.09
ATSB 69,106 105 70.11 66.89 21.51
AVND 542,196 62 45.42 73.24 16.75
BANC 3,064,480 119 68.57 57.55 30.54
BDJI 118,838 66 46.94 71.00 16.38
BFD 974,680 130 82.91 63.59 27.05
BFFC 216,260 82 46.51 56.77 23.44
BFSB 136,908 115 86.48 75.52 9.50
BKC 639,013 80 57.59 71.94 18.21
BKCT 443,025 83 58.85 71.23 17.15
BKUNA 3,028,776 185 88.35 47.68 42.64
BNKU 12,523,459 183 77.50 42.24 47.39
BPLS 4,167,806 99 68.96 69.38 25.47
BRKL 666,988 99 72.07 72.57 9.08
BTHL 218,187 115 77.14 67.20 22.23
BVCC 3,246,476 144 74.28 51.66 41.77
BWFC 169,577 109 70.16 64.60 21.23
BYFC 124,740 98 83.95 86.04 2.00
BYS 233,074 106 89.56 84.55 6.22
CAFI 520,582 117 86.02 73.42 15.43
CAPS 242,208 116 81.36 70.29 18.99
CASB 422,530 121 85.95 71.02 19.41
CASH 407,592 98 62.63 63.63 24.57
CATB 294,656 63 43.10 68.60 5.63
CAVB 282,129 89 78.20 88.00 0.00
CBCI 486,626 110 78.72 71.61 9.26
CBES 111,127 125 90.19 72.08 11.02
CBK 273,600 117 85.05 72.60 12.41
CBSA 2,911,410 92 43.58 47.23 47.48
CBSB 382,384 105 74.67 71.12 12.62
CCFH 125,025 108 79.22 73.13 14.81
CEBK 367,096 96 72.38 75.50 13.88
CENB 102,281 94 65.07 69.17 0.00
CENF 2,209,038 99 69.84 70.22 22.89
CFB 7,189,342 126 74.49 59.10 32.53
CFBC 394,570 94 75.08 79.84 1.72
CFCP 563,866 123 75.09 60.96 31.88
CFFC 182,879 122 88.50 72.70 12.58
CFNC 114,660 95 72.01 75.94 0.00
CFSB 852,888 135 89.05 65.94 24.94
CFTP 228,656 100 58.44 58.56 12.11
CFX 2,873,767 107 72.12 67.58 22.70
CIBI 95,876 109 85.32 78.48 9.30
CKFB 62,865 130 89.11 68.80 8.29
Exhibit 3
Selected Data on all Public Thrifts
Page 2 of 40
Corporate
---------------------------------------------------------------------------------------
Deposit
Number Insurance
of Agency Conversion
Ticker Short Name Exchange City State Offices IPO Date (BIF/SAIF) Type
- ----------------------------------------- ---------------------------------------------------------------------------------------
CLAS Classic Bancshares Inc. NASDAQ Ashland KY 3 12/29/95 SAIF Regular
CMRN Cameron Financial Corp NASDAQ Cameron MO 4 04/03/95 SAIF Regular
CMSB Commonwealth Bancorp Inc. NASDAQ Norristown PA 56 06/17/96 SAIF Not Avail.
CMSV Community Savings Bnkshrs(MHC) NASDAQ North Palm Beach FL 21 10/24/94 SAIF Mutual HC
CNIT CENIT Bancorp Inc. NASDAQ Norfolk VA 20 08/06/92 SAIF Regular
CNSB CNS Bancorp Inc. NASDAQ Jefferson City MO 5 06/12/96 SAIF Regular
CNY Carver Bancorp Inc. AMSE New York NY 7 10/25/94 SAIF Regular
COFI Charter One Financial NASDAQ Cleveland OH 220 01/22/88 SAIF Regular
CONE Conestoga Bancorp, Inc. NASDAQ Roslyn NY 8 03/30/94 SAIF Regular
COOP Cooperative Bankshares Inc. NASDAQ Wilmington NC 16 08/21/91 SAIF Regular
CRSB Crusader Holding Corp. NASDAQ Philadelphia PA 2 NA SAIF Not Avail.
CRZY Crazy Woman Creek Bancorp NASDAQ Buffalo WY 1 03/29/96 SAIF Regular
CSBF CSB Financial Group Inc. NASDAQ Centralia IL 2 10/09/95 SAIF Regular
CTZN CitFed Bancorp Inc. NASDAQ Dayton OH 36 01/23/92 SAIF Regular
CVAL Chester Valley Bancorp Inc. NASDAQ Downingtown PA 7 03/27/87 SAIF Regular
DCBI Delphos Citizens Bancorp Inc. NASDAQ Delphos OH 1 11/21/96 SAIF Regular
DIBK Dime Financial Corp. NASDAQ Wallingford CT 11 07/09/86 BIF Regular
DIME Dime Community Bancorp Inc. NASDAQ Brooklyn NY 15 06/26/96 BIF Regular
DME Dime Bancorp Inc. NYSE New York NY 91 08/19/86 BIF Regular
DNFC D & N Financial Corp. NASDAQ Hancock MI 36 02/13/85 SAIF Regular
DSL Downey Financial Corp. NYSE Newport Beach CA 86 01/01/71 SAIF Not Avail.
EBI Equality Bancorp Inc. AMSE St. Louis MO 3 12/02/97 SAIF Mutual HC
EBSI Eagle Bancshares NASDAQ Tucker GA 14 04/01/86 SAIF Regular
EFBC Empire Federal Bancorp Inc. NASDAQ Livingston MT 3 01/27/97 SAIF Regular
EFBI Enterprise Federal Bancorp NASDAQ West Chester OH 7 10/17/94 SAIF Regular
EGFC Eagle Financial Corp. NASDAQ Bristol CT 30 02/03/87 SAIF Regular
EGLB Eagle BancGroup Inc. NASDAQ Bloomington IL 3 07/01/96 SAIF Regular
EMLD Emerald Financial Corp. NASDAQ Strongsville OH 14 10/05/93 SAIF Regular
EQSB Equitable Federal Savings Bank NASDAQ Wheaton MD 4 09/10/93 SAIF Supervisory
ESBK Elmira Savings Bank (The) NASDAQ Elmira NY 6 03/01/85 BIF Regular
ESX Essex Bancorp Inc. AMSE Norfolk VA 4 07/18/90 SAIF Not Avail.
ETFS East Texas Financial Services NASDAQ Tyler TX 2 01/10/95 SAIF Regular
FAB FIRSTFED AMERICA BANCORP INC. AMSE Swansea MA 13 01/15/97 SAIF Regular
FBBC First Bell Bancorp Inc. NASDAQ Pittsburgh PA 7 06/29/95 SAIF Regular
FBCI Fidelity Bancorp Inc. NASDAQ Chicago IL 5 12/15/93 SAIF Regular
FBCV 1ST Bancorp NASDAQ Vincennes IN 2 04/07/87 SAIF Regular
FBER 1st Bergen Bancorp NASDAQ Wood-Ridge NJ 4 04/01/96 SAIF Regular
FBHC Fort Bend Holding Corp. NASDAQ Rosenberg TX 6 06/30/93 SAIF Regular
FBNW FirstBank Corp. NASDAQ Lewiston ID 6 07/02/97 SAIF Regular
FBSI First Bancshares Inc. NASDAQ Mountain Grove MO 8 12/22/93 SAIF Regular
FCB Falmouth Bancorp Inc. AMSE Falmouth MA 3 03/28/96 BIF Regular
FCBF FCB Financial Corp. NASDAQ Oshkosh WI 13 09/24/93 SAIF Regular
FCME First Coastal Corp. NASDAQ Westbrook ME 7 NA BIF Not Avail.
FDEF First Defiance Financial NASDAQ Defiance OH 10 10/02/95 SAIF Not Avail.
FED FirstFed Financial Corp. NYSE Santa Monica CA 24 12/16/83 SAIF Regular
FESX First Essex Bancorp Inc. NASDAQ Andover MA 15 08/04/87 BIF Regular
FFBA First Colorado Bancorp Inc. NASDAQ Lakewood CO 27 01/02/96 SAIF Not Avail.
FFBH First Federal Bancshares of AR NASDAQ Harrison AR 14 05/03/96 SAIF Regular
FFBI First Financial Bancorp Inc. NASDAQ Belvidere IL 2 10/04/93 SAIF Regular
FFBS FFBS BanCorp Inc. NASDAQ Columbus MS 3 07/01/93 SAIF Regular
FFBZ First Federal Bancorp Inc. NASDAQ Zanesville OH 6 07/13/92 SAIF Regular
FFCH First Financial Holdings Inc. NASDAQ Charleston SC 34 11/10/83 SAIF Regular
FFDB FirstFed Bancorp Inc. NASDAQ Bessemer AL 8 11/19/91 SAIF Regular
FFDF FFD Financial Corp. NASDAQ Dover OH 1 04/03/96 SAIF Regular
FFED Fidelity Federal Bancorp NASDAQ Evansville IN 4 08/31/87 SAIF Regular
FFES First Federal of East Hartford NASDAQ East Hartford CT 12 06/23/87 SAIF Regular
FFFD North Central Bancshares Inc. NASDAQ Fort Dodge IA 7 03/21/96 SAIF Not Avail.
FFFL Fidelity Bankshares Inc. (MHC) NASDAQ West Palm Beach FL 21 01/07/94 SAIF Mutual HC
FFHH FSF Financial Corp. NASDAQ Hutchinson MN 11 10/07/94 SAIF Regular
FFHS First Franklin Corp. NASDAQ Cincinnati OH 7 01/26/88 SAIF Regular
FFIC Flushing Financial Corp. NASDAQ Flushing NY 7 11/21/95 BIF Regular
FFKY First Federal Financial Corp. NASDAQ Elizabethtown KY 8 07/15/87 SAIF Regular
FFLC FFLC Bancorp Inc. NASDAQ Leesburg FL 9 01/04/94 SAIF Regular
FFOH Fidelity Financial of Ohio NASDAQ Cincinnati OH 12 03/04/96 SAIF Not Avail.
Key Financial Data as of The Most Recent Quarter
----------------------------------------------------------------------------------------
Total Loans/ Loans/ Deposits/ Borrowings/
Assets Deposits Assets Assets Assets
Ticker ($000) (%) (%) (%) (%)
- --------- ----------------------------------------------------------------------------------------
CLAS 132,793 90 67.70 75.09 8.71
CMRN 211,253 138 85.48 62.04 15.27
CMSB 2,268,595 84 57.58 68.45 20.24
CMSV 720,133 83 63.10 76.47 10.43
CNIT 718,083 97 68.72 70.70 21.90
CNSB 97,891 92 68.40 74.45 0.61
CNY 415,767 92 59.60 64.73 26.37
COFI 19,760,265 125 64.86 51.72 38.95
CONE 494,348 29 23.21 80.86 2.02
COOP 369,121 100 77.91 78.21 13.61
CRSB 161,328 NA NA 87.19 6.68
CRZY 60,774 95 47.73 50.20 25.42
CSBF 47,602 75 57.23 76.21 0.00
CTZN 3,460,297 98 52.27 53.53 39.19
CVAL 325,643 100 82.28 81.88 7.73
DCBI 107,747 111 80.27 72.34 0.00
DIBK 958,503 46 39.02 85.25 6.05
DIME 1,488,074 83 57.11 69.03 16.14
DME 21,848,000 107 67.86 63.38 28.03
DNFC 1,815,315 126 72.25 57.46 34.13
DSL 5,835,825 110 91.66 83.45 8.29
EBI 229,280 95 48.48 50.87 37.07
EBSI 934,458 113 72.80 64.69 24.69
EFBC 109,801 69 41.82 60.89 0.64
EFBI 301,261 133 65.06 48.80 39.83
EGFC 2,157,171 83 52.56 63.52 26.12
EGLB 171,134 94 72.07 76.81 10.52
EMLD 603,965 90 77.94 86.21 4.66
EQSB 321,687 89 69.16 77.38 16.79
ESBK 230,981 85 77.60 91.80 1.08
ESX 191,886 109 85.65 78.67 12.39
ETFS 120,093 66 50.40 75.82 6.26
FAB 1,159,508 127 77.37 60.85 25.75
FBBC 675,684 117 85.86 73.27 13.32
FBCI 489,673 119 80.36 67.38 19.87
FBCV 255,927 140 73.90 52.62 37.28
FBER 290,435 60 45.06 74.86 10.79
FBHC 302,728 62 52.18 84.47 5.28
FBNW 183,292 130 78.87 60.79 21.22
FBSI 161,527 115 85.85 74.79 10.56
FCB 97,564 83 61.57 74.21 1.09
FCBF 519,911 127 77.30 60.78 22.43
FCME 146,400 94 73.59 78.55 11.13
FDEF 579,698 112 76.69 68.19 12.36
FED 4,160,115 166 77.63 46.72 46.67
FESX 1,197,459 97 60.02 62.16 28.69
FFBA 1,555,274 99 75.18 76.00 8.16
FFBH 549,607 97 79.17 82.04 2.18
FFBI 82,682 81 66.52 81.70 8.10
FFBS 134,952 91 71.00 78.35 3.41
FFBZ 208,840 144 87.14 60.68 30.83
FFCH 1,793,325 128 80.57 62.86 29.13
FFDB 178,792 76 68.05 89.68 0.00
FFDF 92,364 110 69.80 63.63 10.86
FFED 215,821 110 82.24 74.93 16.79
FFES 982,747 34 19.80 58.60 34.12
FFFD 221,954 137 87.14 63.58 12.86
FFFL 1,045,692 98 73.78 75.66 13.70
FFHH 402,850 130 68.38 52.79 35.68
FFHS 230,504 76 66.71 87.72 2.37
FFIC 1,088,476 93 55.57 60.07 26.38
FFKY 388,329 119 89.05 74.77 10.68
FFLC 400,237 101 79.21 78.80 7.50
FFOH 535,100 102 81.95 80.74 6.40
Exhibit 3
Selected Data on all Public Thrifts
Page 3 of 40
Corporate
---------------------------------------------------------------------------------------
Deposit
Number Insurance
of Agency Conversion
Ticker Short Name Exchange City State Offices IPO Date (BIF/SAIF) Type
- ----------------------------------------- ---------------------------------------------------------------------------------------
FFPB First Palm Beach Bancorp Inc. NASDAQ West Palm Beach FL 48 09/29/93 SAIF Regular
FFSL First Independence Corp. NASDAQ Independence KS 2 10/08/93 SAIF Regular
FFSX First Fed SB of Siouxland(MHC) NASDAQ Sioux City IA 13 07/13/92 SAIF Mutual HC
FFWC FFW Corp. NASDAQ Wabash IN 4 04/05/93 SAIF Regular
FFWD Wood Bancorp Inc. NASDAQ Bowling Green OH 7 08/31/93 SAIF Regular
FFYF FFY Financial Corp. NASDAQ Youngstown OH 10 06/28/93 SAIF Regular
FGHC First Georgia Holding Inc. NASDAQ Brunswick GA 7 02/11/87 SAIF Regular
FIBC Financial Bancorp Inc. NASDAQ Long Island City NY 5 08/17/94 SAIF Regular
FISB First Indiana Corp. NASDAQ Indianapolis IN 26 08/02/83 SAIF Regular
FKFS First Keystone Financial NASDAQ Media PA 6 01/26/95 SAIF Regular
FKKY Frankfort First Bancorp Inc. NASDAQ Frankfort KY 3 07/10/95 SAIF Regular
FLAG FLAG Financial Corp. NASDAQ LaGrange GA 4 12/11/86 SAIF Regular
FLFC First Liberty Financial Corp. NASDAQ Macon GA 31 12/06/83 SAIF Regular
FLGS Flagstar Bancorp Inc. NASDAQ Bloomfield Hills MI 19 NA SAIF Not Avail.
FLKY First Lancaster Bancshares NASDAQ Lancaster KY 1 07/01/96 SAIF Regular
FMBD First Mutual Bancorp Inc. NASDAQ Decatur IL 14 07/05/95 SAIF Regular
FMCO FMS Financial Corp. NASDAQ Burlington NJ 21 12/14/88 SAIF Regular
FMSB First Mutual Savings Bank NASDAQ Bellevue WA 8 12/17/85 BIF Regular
FNGB First Northern Capital Corp. NASDAQ Green Bay WI 19 12/29/83 SAIF Regular
FOBC Fed One Bancorp NASDAQ Wheeling WV 12 01/19/95 SAIF Not Avail.
FPRY First Financial Bancorp NASDAQ Tallahassee FL 6 03/29/88 SAIF Regular
FSBI Fidelity Bancorp Inc. NASDAQ Pittsburgh PA 8 06/24/88 SAIF Regular
FSFF First SecurityFed Financial NASDAQ Chicago IL 5 10/31/97 SAIF Regular
FSLA First Savings Bank (MHC) NASDAQ Woodbridge NJ 17 07/10/92 SAIF Mutual HC
FSNJ Bayonne Bancshares Inc. NASDAQ Bayonne NJ 4 08/22/97 SAIF Not Avail.
FSPG First Home Bancorp Inc. NASDAQ Pennsville NJ 10 04/20/87 SAIF Regular
FSPT FirstSpartan Financial Corp. NASDAQ Spartanburg SC 7 07/09/97 SAIF Regular
FSSB First FS&LA of San Bernardino NASDAQ San Bernardino CA 4 02/02/93 SAIF Regular
FSTC First Citizens Corp. NASDAQ Newnan GA 9 03/01/86 SAIF Regular
FTF Texarkana First Financial Corp AMSE Texarkana AR 5 07/07/95 SAIF Regular
FTFC First Federal Capital Corp. NASDAQ La Crosse WI 50 11/02/89 SAIF Regular
FTNB Fulton Bancorp Inc. NASDAQ Fulton MO 2 10/18/96 SAIF Regular
FTSB Fort Thomas Financial Corp. NASDAQ Fort Thomas KY 2 06/28/95 SAIF Regular
FWWB First SB of Washington Bancorp NASDAQ Walla Walla WA 20 11/01/95 SAIF Regular
GAF GA Financial Inc. AMSE Pittsburgh PA 13 03/26/96 SAIF Regular
GDW Golden West Financial NYSE Oakland CA 250 05/29/59 SAIF Not Avail.
GFCO Glenway Financial Corp. NASDAQ Cincinnati OH 5 11/30/90 SAIF Regular
GFED Guaranty Federal Bcshs Inc. NASDAQ Springfield MO 5 12/31/97 SAIF Mutual HC
GLMR Gilmer Financial Svcs, Inc. NASDAQ Gilmer TX 1 02/09/95 SAIF Regular
GOSB GSB Financial Corp. NASDAQ Goshen NY 2 07/09/97 BIF Regular
GPT GreenPoint Financial Corp. NYSE New York NY 74 01/28/94 BIF Regular
GSB Golden State Bancorp Inc. NYSE Glendale CA 181 10/01/83 SAIF Regular
GSBC Great Southern Bancorp Inc. NASDAQ Springfield MO 25 12/14/89 SAIF Regular
GSFC Green Street Financial Corp. NASDAQ Fayetteville NC 3 04/04/96 SAIF Regular
GSLA GS Financial Corp. NASDAQ Metairie LA 3 04/01/97 SAIF Regular
GTPS Great American Bancorp NASDAQ Champaign IL 3 06/30/95 SAIF Regular
GUPB GFSB Bancorp Inc. NASDAQ Gallup NM 1 06/30/95 SAIF Regular
HALL Hallmark Capital Corp. NASDAQ West Allis WI 3 01/03/94 SAIF Regular
HARBD Harbor Florida Bancshares Inc. NASDAQ Fort Pierce FL 24 03/19/98 SAIF Not Avail.
HARL Harleysville Savings Bank NASDAQ Harleysville PA 4 08/04/87 SAIF Regular
HARS Harris Financial Inc. (MHC) NASDAQ Harrisburg PA 34 01/25/94 SAIF Mutual HC
HAVN Haven Bancorp Inc. NASDAQ Woodhaven NY 40 09/23/93 SAIF Regular
HBBI Home Building Bancorp NASDAQ Washington IN 2 02/08/95 SAIF Regular
HBEI Home Bancorp of Elgin Inc. NASDAQ Elgin IL 4 09/27/96 SAIF Regular
HBFW Home Bancorp NASDAQ Fort Wayne IN 9 03/30/95 SAIF Regular
HBNK Highland Bancorp Inc. NASDAQ Burbank CA 7 NA SAIF Not Avail.
HBS Haywood Bancshares Inc. AMSE Waynesville NC 4 12/18/87 BIF Not Avail.
HCBB HCB Bancshares Inc. NASDAQ Camden AR 7 05/07/97 SAIF Regular
HCBC High Country Bancorp Inc. NASDAQ Salida CO 3 12/10/97 SAIF Regular
HCFC Home City Financial Corp. NASDAQ Springfield OH 1 12/30/96 SAIF Regular
HEMT HF Bancorp Inc. NASDAQ Hemet CA 19 06/30/95 SAIF Regular
HFBC HopFed Bancorp Inc. NASDAQ Hopkinsville KY 5 02/09/98 SAIF Regular
HFFB Harrodsburg First Fin Bancorp NASDAQ Harrodsburg KY 2 10/04/95 SAIF Regular
HFFC HF Financial Corp. NASDAQ Sioux Falls SD 19 04/08/92 SAIF Regular
Key Financial Data as of The Most Recent Quarter
----------------------------------------------------------------------------------------
Total Loans/ Loans/ Deposits/ Borrowings/
Assets Deposits Assets Assets Assets
Ticker ($000) (%) (%) (%) (%)
- --------- ----------------------------------------------------------------------------------------
FFPB 1,821,077 93 63.81 68.59 23.61
FFSL 113,669 108 72.19 66.97 22.31
FFSX 458,940 105 74.86 71.59 18.30
FFWC 191,298 111 67.41 60.63 27.54
FFWD 166,546 108 82.40 76.41 10.11
FFYF 614,749 103 75.73 73.83 11.39
FGHC 166,386 109 87.35 80.40 10.04
FIBC 308,248 73 51.95 71.25 18.42
FISB 1,613,405 124 84.97 68.65 20.65
FKFS 378,527 86 52.24 60.86 26.62
FKKY 132,809 150 93.58 62.57 19.44
FLAG 247,985 95 69.23 72.85 16.82
FLFC 1,275,398 96 70.84 73.60 17.72
FLGS 1,901,084 150 87.36 58.38 25.37
FLKY 49,880 194 89.75 46.27 23.83
FMBD 391,439 97 79.38 81.76 3.19
FMCO 628,403 63 48.69 77.89 15.04
FMSB 445,762 98 81.92 83.64 7.68
FNGB 667,696 124 89.69 72.16 15.47
FOBC 366,776 65 45.70 70.59 17.75
FPRY 240,379 89 77.63 87.36 5.41
FSBI 393,076 76 49.20 64.33 25.07
FSFF 315,849 90 59.55 66.52 3.17
FSLA 1,049,316 73 56.67 77.79 11.34
FSNJ 610,639 56 38.51 69.23 13.98
FSPG 537,798 86 52.05 60.63 31.95
FSPT 495,319 112 80.67 72.29 0.00
FSSB 103,674 75 71.56 95.05 0.00
FSTC 352,233 88 76.16 86.29 2.93
FTF 180,259 103 82.23 79.79 3.59
FTFC 1,544,294 109 80.76 74.24 17.86
FTNB 107,988 129 82.19 63.80 11.54
FTSB 99,873 128 91.66 71.68 11.31
FWWB 1,136,693 132 67.61 51.23 33.72
GAF 783,948 67 39.27 58.95 25.29
GDW 39,590,271 139 84.60 60.90 30.49
GFCO 304,621 114 84.64 74.52 14.24
GFED 230,616 122 76.06 62.27 6.56
GLMR 42,171 81 56.24 69.02 20.27
GOSB 115,884 84 59.22 70.28 0.00
GPT 13,083,518 81 68.10 83.87 2.34
GSB 16,029,116 125 74.18 59.54 32.08
GSBC 750,458 138 85.11 61.89 28.89
GSFC 179,700 114 72.61 63.63 0.00
GSLA 131,396 95 41.09 43.24 12.30
GTPS 141,976 100 79.11 78.88 0.00
GUPB 114,745 100 55.33 55.12 31.43
HALL 413,511 110 69.83 63.63 27.95
HARBD 1,128,942 94 77.24 81.99 8.01
HARL 347,882 90 71.95 79.79 12.35
HARS 2,201,304 80 41.52 52.07 38.79
HAVN 1,974,890 84 58.27 69.12 22.37
HBBI 42,430 90 68.17 75.61 9.43
HBEI 352,595 121 85.01 70.40 1.42
HBFW 350,038 98 84.49 86.51 0.00
HBNK 549,638 120 79.34 66.17 24.56
HBS 153,480 97 74.86 77.32 6.84
HCBB 204,944 71 51.73 72.44 7.86
HCBC 87,130 123 80.10 65.10 13.15
HCFC 71,854 122 87.66 71.94 7.95
HEMT 1,063,267 70 56.24 80.47 10.35
HFBC 202,009 56 49.95 89.48 0.00
HFFB 108,908 106 76.37 71.85 0.00
HFFC 580,668 100 76.30 76.57 11.31
Exhibit 3
Selected Data on all Public Thrifts
Page 4 of 40
Corporate
---------------------------------------------------------------------------------------
Deposit
Number Insurance
of Agency Conversion
Ticker Short Name Exchange City State Offices IPO Date (BIF/SAIF) Type
- ----------------------------------------- ---------------------------------------------------------------------------------------
HFGI Harrington Financial Group NASDAQ Richmond IN 5 NA SAIF Not Avail.
HFNC HFNC Financial Corp. NASDAQ Charlotte NC 10 12/29/95 SAIF Regular
HFSA Hardin Bancorp Inc. NASDAQ Hardin MO 3 09/29/95 SAIF Regular
HFWA Heritage Financial Corp. NASDAQ Olympia WA 10 01/09/98 SAIF Mutual HC
HHFC Harvest Home Financial Corp. NASDAQ Cheviot OH 3 10/10/94 SAIF Regular
HIFS Hingham Instit. for Savings NASDAQ Hingham MA 5 12/20/88 BIF Regular
HLFC Home Loan Financial Corp. NASDAQ Coshocton OH 2 03/26/98 SAIF Regular
HMLK Hemlock Federal Financial Corp NASDAQ Oak Forest IL 3 04/02/97 SAIF Regular
HMNF HMN Financial Inc. NASDAQ Spring Valley MN 10 06/30/94 SAIF Regular
HOMF Home Federal Bancorp NASDAQ Seymour IN 16 01/23/88 SAIF Regular
HPBC Home Port Bancorp Inc. NASDAQ Nantucket MA 2 08/25/88 BIF Regular
HRBF Harbor Federal Bancorp Inc. NASDAQ Baltimore MD 9 08/12/94 SAIF Regular
HRZB Horizon Financial Corp. NASDAQ Bellingham WA 12 08/01/86 BIF Regular
HTHR Hawthorne Financial Corp. NASDAQ El Segundo CA 6 NA SAIF Not Avail.
HWEN Home Financial Bancorp NASDAQ Spencer IN 1 07/02/96 SAIF Regular
HZFS Horizon Financial Svcs Corp. NASDAQ Oskaloosa IA 3 06/30/94 SAIF Regular
IBSF IBS Financial Corp. NASDAQ Cherry Hill NJ 10 10/13/94 SAIF Regular
ICBC Independence Comm. Bank Corp. NASDAQ Brooklyn NY 34 03/17/98 SAIF Regular
IFSB Independence Federal Svgs Bank NASDAQ Washington DC 2 06/06/85 SAIF Regular
INBI Industrial Bancorp Inc. NASDAQ Bellevue OH 10 08/01/95 SAIF Regular
INCB Indiana Community Bank SB NASDAQ Lebanon IN 4 12/15/94 SAIF Regular
IPSW Ipswich Savings Bank NASDAQ Ipswich MA 6 05/26/93 BIF Regular
ITLA ITLA Capital Corp. NASDAQ La Jolla CA 6 10/24/95 BIF Not Avail.
IWBK InterWest Bancorp Inc. NASDAQ Oak Harbor WA 42 NA SAIF Not Avail.
JOAC Joachim Bancorp Inc. NASDAQ De Soto MO 1 12/28/95 SAIF Regular
JSB JSB Financial Inc. NYSE Lynbrook NY 13 06/27/90 BIF Regular
JSBA Jefferson Savings Bancorp NASDAQ Ballwin MO 31 04/08/93 SAIF Regular
JXSB Jacksonville Savings Bk (MHC) NASDAQ Jacksonville IL 5 04/21/95 SAIF Mutual HC
JXVL Jacksonville Bancorp Inc. NASDAQ Jacksonville TX 7 04/01/96 SAIF Not Avail.
KFBI Klamath First Bancorp NASDAQ Klamath Falls OR 33 10/05/95 SAIF Regular
KNK Kankakee Bancorp Inc. AMSE Kankakee IL 9 01/06/93 SAIF Regular
KSAV KS Bancorp Inc. NASDAQ Kenly NC 5 12/30/93 SAIF Regular
KSBK KSB Bancorp Inc. NASDAQ Kingfield ME 8 06/24/93 BIF Regular
KYF Kentucky First Bancorp Inc. AMSE Cynthiana KY 2 08/29/95 SAIF Regular
LARK Landmark Bancshares Inc. NASDAQ Dodge City KS 5 03/28/94 SAIF Regular
LARL Laurel Capital Group Inc. NASDAQ Allison Park PA 6 02/20/87 SAIF Regular
LFBI Little Falls Bancorp Inc. NASDAQ Little Falls NJ 6 01/05/96 SAIF Regular
LFCO Life Financial Corp. NASDAQ Riverside CA 2 NA SAIF Not Avail.
LFED Leeds Federal Bankshares (MHC) NASDAQ Baltimore MD 1 05/02/94 SAIF Mutual HC
LISB Long Island Bancorp Inc. NASDAQ Melville NY 35 04/18/94 SAIF Regular
LOGN Logansport Financial Corp. NASDAQ Logansport IN 1 06/14/95 SAIF Regular
LONF London Financial Corp. NASDAQ London OH 1 04/01/96 SAIF Regular
LSBI LSB Financial Corp. NASDAQ Lafayette IN 4 02/03/95 BIF Regular
LSBX Lawrence Savings Bank NASDAQ North Andover MA 5 05/02/86 BIF Regular
LVSB Lakeview Financial Corp. NASDAQ Paterson NJ 8 12/22/93 SAIF Regular
LXMO Lexington B&L Financial Corp. NASDAQ Lexington MO 4 06/06/96 SAIF Regular
MAFB MAF Bancorp Inc. NASDAQ Clarendon Hills IL 22 01/12/90 SAIF Regular
MARN Marion Capital Holdings NASDAQ Marion IN 4 03/18/93 SAIF Regular
MASB MASSBANK Corp. NASDAQ Reading MA 15 05/28/86 BIF Regular
MBB MSB Bancorp Inc. AMSE Goshen NY 16 09/03/92 BIF Regular
MBBC Monterey Bay Bancorp Inc. NASDAQ Watsonville CA 7 02/15/95 SAIF Regular
MBLF MBLA Financial Corp. NASDAQ Macon MO 2 06/24/93 SAIF Regular
MBSP Mitchell Bancorp Inc. NASDAQ Spruce Pine NC 1 07/12/96 SAIF Regular
MCBN Mid-Coast Bancorp Inc. NASDAQ Waldoboro ME 2 11/02/89 SAIF Regular
MDBK Medford Bancorp Inc. NASDAQ Medford MA 16 03/18/86 BIF Regular
MECH MECH Financial Inc. NASDAQ Hartford CT 14 06/26/96 BIF Regular
MERI Meritrust Federal SB NASDAQ Thibodaux LA 8 NA SAIF Not Avail.
METF Metropolitan Financial Corp. NASDAQ Mayfield Heights OH 15 NA SAIF Not Avail.
MFBC MFB Corp. NASDAQ Mishawaka IN 5 03/25/94 SAIF Regular
MFFC Milton Federal Financial Corp. NASDAQ West Milton OH 3 10/07/94 SAIF Regular
MFLR Mayflower Co-operative Bank NASDAQ Middleboro MA 4 12/23/87 BIF Regular
MFSL Maryland Federal Bancorp NASDAQ Hyattsville MD 27 06/02/87 SAIF Regular
MIFC Mid-Iowa Financial Corp. NASDAQ Newton IA 7 10/14/92 SAIF Regular
MIVI Mississippi View Holding Co. NASDAQ Little Falls MN 1 03/24/95 SAIF Regular
Key Financial Data as of The Most Recent Quarter
----------------------------------------------------------------------------------------
Total Loans/ Loans/ Deposits/ Borrowings/
Assets Deposits Assets Assets Assets
Ticker ($000) (%) (%) (%) (%)
- --------- ----------------------------------------------------------------------------------------
HFGI 544,677 80 20.27 25.25 69.47
HFNC 910,786 168 80.99 48.08 32.59
HFSA 115,434 79 52.17 66.39 21.22
HFWA 328,601 96 65.58 68.13 0.00
HHFC 93,141 74 47.74 64.72 23.43
HIFS 222,584 109 78.35 72.11 17.28
HLFC 61,324 109 86.58 79.23 1.63
HMLK 176,683 59 43.54 74.12 6.23
HMNF 691,232 96 64.68 67.61 18.47
HOMF 709,412 110 83.51 75.87 14.60
HPBC 208,815 125 85.01 68.21 19.99
HRBF 233,572 84 63.59 75.64 10.74
HRZB 532,767 98 80.46 82.32 0.00
HTHR 928,197 107 91.74 86.13 8.62
HWEN 43,504 135 80.32 59.55 22.99
HZFS 88,769 99 63.43 64.05 24.86
IBSF 728,181 39 29.98 76.91 4.54
ICBC 3,857,781 81 71.54 88.31 0.43
IFSB 269,761 75 56.58 75.66 15.32
INBI 364,023 119 88.84 74.43 7.97
INCB 95,378 86 74.47 87.05 0.00
IPSW 227,244 101 76.34 75.36 17.76
ITLA 1,015,909 96 80.08 83.06 6.05
IWBK 1,982,317 100 58.48 58.26 34.43
JOAC 34,229 106 74.11 70.20 0.00
JSB 1,535,031 90 65.51 73.04 0.00
JSBA 1,238,055 89 75.37 84.40 5.32
JXSB 168,036 89 77.83 87.56 0.13
JXVL 235,405 90 74.84 83.27 0.88
KFBI 975,207 85 58.93 69.61 14.46
KNK 343,409 86 70.23 81.54 6.84
KSAV 113,978 106 83.64 79.24 7.02
KSBK 152,752 109 78.69 72.48 18.47
KYF 86,307 91 57.96 63.55 18.50
LARK 233,640 115 71.83 62.48 22.04
LARL 213,379 86 69.99 81.53 6.11
LFBI 328,522 64 45.11 70.05 17.87
LFCO 411,785 152 77.93 51.43 28.94
LFED 291,408 77 62.93 81.41 0.21
LISB 6,072,524 99 61.09 61.63 26.58
LOGN 86,115 105 74.18 70.37 7.55
LONF 37,916 95 76.78 80.90 4.48
LSBI 206,584 131 87.14 66.65 24.29
LSBX 359,855 65 45.71 70.71 17.62
LVSB 472,691 67 51.25 76.30 12.83
LXMO 92,450 85 68.38 80.19 0.87
MAFB 3,457,664 117 78.74 67.59 23.04
MARN 191,854 118 81.96 69.66 5.57
MASB 925,403 34 29.43 87.51 0.08
MBB 765,367 59 51.51 87.99 0.02
MBBC 408,096 83 65.16 78.55 9.18
MBLF 223,558 120 58.40 48.72 37.91
MBSP 36,103 143 80.82 56.54 0.00
MCBN 62,632 106 79.24 74.43 16.27
MDBK 1,135,572 70 50.86 72.36 18.12
MECH 892,371 88 65.79 74.81 14.54
MERI 233,803 58 52.29 90.20 0.00
METF 924,985 97 77.14 79.76 14.69
MFBC 264,097 120 78.98 65.67 20.90
MFFC 218,826 96 63.39 66.22 21.26
MFLR 131,908 75 58.05 77.27 12.13
MFSL 1,184,294 121 84.08 69.57 20.43
MIFC 135,345 84 53.05 63.50 25.86
MIVI 68,619 83 66.10 79.96 0.00
Exhibit 3
Selected Data on all Public Thrifts
Page 5 of 40
Corporate
---------------------------------------------------------------------------------------
Deposit
Number Insurance
of Agency Conversion
Ticker Short Name Exchange City State Offices IPO Date (BIF/SAIF) Type
- ----------------------------------------- ---------------------------------------------------------------------------------------
MONT Montgomery Financial Corp. NASDAQ Crawfordsville IN 4 07/01/97 SAIF Not Avail.
MRKF Market Financial Corp. NASDAQ Mount Healthy OH 2 03/27/97 SAIF Regular
MSBF MSB Financial Inc. NASDAQ Marshall MI 2 02/06/95 SAIF Regular
MSBK Mutual Savings Bank FSB NASDAQ Bay City MI 22 07/17/92 SAIF Regular
MWBI Midwest Bancshares Inc. NASDAQ Burlington IA 5 11/12/92 SAIF Regular
MWBX MetroWest Bank NASDAQ Framingham MA 13 10/10/86 BIF Regular
MYST Mystic Financial Inc. NASDAQ Medford MA 3 01/09/98 BIF Regular
NASB NASB Financial Inc. NASDAQ Grandview MO 7 09/27/85 SAIF Not Avail.
NBN Northeast Bancorp AMSE Auburn ME 12 08/19/87 BIF Regular
NBSI North Bancshares Inc. NASDAQ Chicago IL 2 12/21/93 SAIF Regular
NEIB Northeast Indiana Bancorp NASDAQ Huntington IN 3 06/28/95 SAIF Regular
NEP Northeast PA Financial Corp. AMSE Hazleton PA 10 04/01/98 SAIF Regular
NHTB New Hampshire Thrift Bncshrs NASDAQ Newport NH 11 05/22/86 SAIF Regular
NMSB NewMil Bancorp Inc. NASDAQ New Milford CT 15 02/01/86 BIF Regular
NSLB NS&L Bancorp Inc. NASDAQ Neosho MO 2 06/08/95 SAIF Regular
NSSY NSS Bancorp Inc. NASDAQ Norwalk CT 8 06/16/94 BIF Regular
NTBK Net.B@nk Inc. NASDAQ Alpharetta GA NA NA SAIF Not Avail.
NTMG Nutmeg Federal S&LA NASDAQ Danbury CT 3 NA SAIF Not Avail.
NWEQ Northwest Equity Corp. NASDAQ Amery WI 3 10/11/94 SAIF Regular
NWSB Northwest Bancorp Inc. (MHC) NASDAQ Warren PA 67 11/07/94 SAIF Mutual HC
OCFC Ocean Financial Corp. NASDAQ Toms River NJ 10 07/03/96 SAIF Regular
OCN Ocwen Financial Corp. NYSE West Palm Beach FL 1 NA SAIF Not Avail.
OFCP Ottawa Financial Corp. NASDAQ Holland MI 26 08/19/94 SAIF Regular
OHSL OHSL Financial Corp. NASDAQ Cincinnati OH 5 02/10/93 SAIF Regular
OSFS Ohio State Financial Services NASDAQ Bridgeport OH 2 09/29/97 SAIF Regular
OTFC Oregon Trail Financial Corp. NASDAQ Baker City OR 7 10/06/97 SAIF Regular
PBCI Pamrapo Bancorp Inc. NASDAQ Bayonne NJ 9 11/14/89 SAIF Regular
PBCT People's Bank (MHC) NASDAQ Bridgeport CT 128 07/06/88 BIF Mutual HC
PBHC Pathfinder Bancorp Inc. (MHC) NASDAQ Oswego NY 5 11/16/95 BIF Mutual HC
PBKB People's Bancshares Inc. NASDAQ New Bedford MA 14 10/30/86 BIF Regular
PCBC Perry County Financial Corp. NASDAQ Perryville MO 1 02/13/95 SAIF Regular
PDB Piedmont Bancorp Inc. AMSE Hillsborough NC 1 12/08/95 SAIF Regular
PEDE Great Pee Dee Bancorp NASDAQ Cheraw SC 1 12/31/97 SAIF Regular
PEEK Peekskill Financial Corp. NASDAQ Peekskill NY 3 12/29/95 SAIF Regular
PERM Permanent Bancorp Inc. NASDAQ Evansville IN 11 04/04/94 SAIF Regular
PERT Perpetual Bank (MHC) NASDAQ Anderson SC 6 10/26/93 SAIF Mutual HC
PFDC Peoples Bancorp NASDAQ Auburn IN 7 07/07/87 SAIF Regular
PFED Park Bancorp Inc. NASDAQ Chicago IL 3 08/12/96 SAIF Regular
PFFB PFF Bancorp Inc. NASDAQ Pomona CA 23 03/29/96 SAIF Regular
PFFC Peoples Financial Corp. NASDAQ Massillon OH 2 09/13/96 SAIF Regular
PFNC Progress Financial Corp. NASDAQ Blue Bell PA 10 07/18/83 SAIF Regular
PFSB PennFed Financial Services Inc NASDAQ West Orange NJ 18 07/15/94 SAIF Regular
PFSLD Pocahontas Bancorp Inc. NASDAQ Pocahontas AR 6 04/01/98 SAIF Not Avail.
PHBK Peoples Heritage Finl Group NASDAQ Portland ME 142 12/04/86 BIF Regular
PHFC Pittsburgh Home Financial Corp NASDAQ Pittsburgh PA 8 04/01/96 SAIF Regular
PHSB Peoples Home Savings Bk (MHC) NASDAQ Beaver Falls PA 9 07/10/97 SAIF Mutual HC
PKPS Poughkeepsie Financial Corp. NASDAQ Poughkeepsie NY 16 11/19/85 SAIF Regular
PLSK Pulaski Savings Bank (MHC) NASDAQ Springfield NJ 6 04/03/97 SAIF Mutual HC
PMFI Perpetual Midwest Financial NASDAQ Cedar Rapids IA 5 03/31/94 SAIF Regular
PRBC Prestige Bancorp Inc. NASDAQ Pleasant Hills PA 5 06/27/96 SAIF Regular
PROV Provident Financial Holdings NASDAQ Riverside CA 10 06/28/96 SAIF Regular
PSBK Progressive Bank Inc. NASDAQ Fishkill NY 17 08/01/84 BIF Regular
PSFC Peoples-Sidney Financial Corp. NASDAQ Sidney OH 1 04/28/97 SAIF Regular
PSFI PS Financial Inc. NASDAQ Chicago IL 1 11/27/96 SAIF Regular
PTRS Potters Financial Corp. NASDAQ East Liverpool OH 4 12/31/93 SAIF Regular
PULB Pulaski Bank, Svgs Bank (MHC) NASDAQ St. Louis MO 5 05/11/94 SAIF Mutual HC
PULS Pulse Bancorp NASDAQ South River NJ 5 09/18/86 SAIF Regular
PVFC PVF Capital Corp. NASDAQ Bedford Heights OH 9 12/30/92 SAIF Supervisory
PVSA Parkvale Financial Corp. NASDAQ Monroeville PA 29 07/16/87 SAIF Regular
PWBC PennFirst Bancorp Inc. NASDAQ Ellwood City PA 11 06/13/90 SAIF Regular
PWBK Pennwood Bancorp Inc. NASDAQ Pittsburgh PA 3 07/15/96 SAIF Regular
QCBC Quaker City Bancorp Inc. NASDAQ Whittier CA 8 12/30/93 SAIF Regular
QCFB QCF Bancorp Inc. NASDAQ Virginia MN 2 04/03/95 SAIF Regular
QCSB Queens County Bancorp Inc. NASDAQ Flushing NY 11 11/23/93 BIF Regular
Key Financial Data as of The Most Recent Quarter
----------------------------------------------------------------------------------------
Total Loans/ Loans/ Deposits/ Borrowings/
Assets Deposits Assets Assets Assets
Ticker ($000) (%) (%) (%) (%)
- --------- ----------------------------------------------------------------------------------------
MONT 105,671 123 88.98 72.06 7.82
MRKF 56,833 81 50.91 62.64 0.00
MSBF 77,444 170 93.18 54.70 27.33
MSBK 644,740 78 49.47 63.19 28.78
MWBI 147,724 87 62.17 71.27 20.65
MWBX 608,941 92 75.56 82.51 9.10
MYST 198,417 72 62.99 87.32 5.80
NASB 734,091 121 86.66 71.34 19.35
NBN 278,733 131 82.14 62.55 28.50
NBSI 122,978 106 64.43 61.03 23.66
NEIB 199,368 163 88.15 53.95 31.86
NEP 386,532 87 68.82 78.68 12.86
NHTB 317,989 95 81.44 85.29 5.96
NMSB 355,526 60 48.16 80.31 9.56
NSLB 57,823 80 61.46 77.09 1.73
NSSY 670,749 104 66.01 63.43 27.12
NTBK 93,220 77 48.2 63 0.00
NTMG 105,151 112 88.08 78.94 9.99
NWEQ 99,558 129 81.80 63.25 24.47
NWSB 2,248,816 87 73.31 84.73 5.06
OCFC 1,510,947 81 52.31 64.65 20.42
OCN 3,069,165 96 62.06 64.60 14.78
OFCP 885,817 115 84.97 73.89 16.42
OHSL 238,905 94 72.43 77.31 11.12
OSFS 38,559 89 63.95 71.46 0.00
OTFC 257,049 81 58.73 72.94 0.00
PBCI 376,714 69 56.71 81.62 3.68
PBCT 8,184,000 94 66.90 71.09 19.01
PBHC 196,770 80 62.21 77.45 9.49
PBKB 762,910 116 53.93 46.54 46.74
PCBC 85,030 24 17.73 72.56 7.64
PDB 130,167 125 83.05 66.35 16.59
PEDE 72,057 140 76.90 54.80 1.60
PEEK 184,215 36 26.40 73.20 0.00
PERM 419,819 79 51.70 65.07 23.71
PERT 292,059 95 65.71 69.36 18.49
PFDC 294,291 100 82.42 82.75 1.41
PFED 176,957 51 38.90 76.92 0.00
PFFB 2,765,855 110 67.98 61.70 27.41
PFFC 82,464 91 72.37 79.49 0.00
PFNC 493,406 97 66.72 69.06 14.42
PFSB 1,475,509 103 67.74 65.83 24.25
PFSLD 389,405 114 43.33 38.10 54.54
PHBK 6,795,337 101 71.37 70.68 19.57
PHFC 299,669 135 63.99 47.36 42.53
PHSB 217,735 58 46.43 80.05 6.08
PKPS 875,492 109 77.05 70.86 19.28
PLSK 181,732 67 56.75 84.31 3.10
PMFI 392,093 109 86.97 80.05 9.87
PRBC 143,263 106 67.42 63.63 24.21
PROV 723,696 118 86.72 73.77 12.80
PSBK 883,494 72 65.00 90.39 0.00
PSFC 106,239 118 88.16 74.94 0.00
PSFI 87,922 91 42.48 46.95 15.64
PTRS 122,637 84 68.69 81.62 8.15
PULB 180,485 96 80.53 84.26 1.22
PULS 539,322 33 25.70 77.24 13.66
PVFC 396,214 117 92.95 79.76 10.49
PVSA 1,019,143 85 75.17 88.84 1.95
PWBC 910,770 85 37.50 43.87 45.00
PWBK 47,211 84 64.71 76.82 3.07
QCBC 852,154 120 78.97 65.66 24.35
QCFB 152,668 64 43.30 67.92 11.89
QCSB 1,603,269 131 87.60 66.69 19.31
Exhibit 3
Selected Data on all Public Thrifts
Page 6 of 40
Corporate
---------------------------------------------------------------------------------------
Deposit
Number Insurance
of Agency Conversion
Ticker Short Name Exchange City State Offices IPO Date (BIF/SAIF) Type
- ----------------------------------------- ---------------------------------------------------------------------------------------
RARB Raritan Bancorp Inc. NASDAQ Bridgewater NJ 7 03/01/87 BIF Regular
RCBK Richmond County Financial Corp NASDAQ Staten Island NY 13 02/18/98 SAIF Regular
REDF RedFed Bancorp Inc. NASDAQ Redlands CA 14 04/08/94 SAIF Regular
RELI Reliance Bancshares Inc. NASDAQ Milwaukee WI 1 04/19/96 SAIF Regular
RELY Reliance Bancorp Inc. NASDAQ Garden City NY 30 03/31/94 SAIF Regular
RIVR River Valley Bancorp NASDAQ Madison IN 6 12/20/96 SAIF Regular
ROSE TR Financial Corp. NASDAQ Garden City NY 15 06/29/93 BIF Regular
RSLN Roslyn Bancorp Inc. NASDAQ Roslyn NY 8 01/13/97 BIF Regular
RVSB Riverview Bancorp Inc. NASDAQ Camas WA 9 10/01/97 SAIF Regular
SBFL SB of the Finger Lakes (MHC) NASDAQ Geneva NY 5 11/11/94 SAIF Mutual HC
SBOS Boston Bancorp (The) NASDAQ South Boston MA 7 11/09/83 BIF Regular
SCBS Southern Community Bancshares NASDAQ Cullman AL 1 12/23/96 SAIF Regular
SCCB S. Carolina Community Bancshrs NASDAQ Winnsboro SC 3 07/07/94 SAIF Regular
SFED SFS Bancorp Inc. NASDAQ Schenectady NY 4 06/30/95 SAIF Regular
SFFC StateFed Financial Corp. NASDAQ Des Moines IA 2 01/05/94 SAIF Regular
SFIN Statewide Financial Corp. NASDAQ Jersey City NJ 16 10/02/95 SAIF Regular
SFSB SuburbFed Financial Corp. NASDAQ Flossmoor IL 12 03/04/92 SAIF Regular
SFSL Security First Corp. NASDAQ Mayfield Heights OH 14 01/22/88 SAIF Regular
SGVB SGV Bancorp Inc. NASDAQ West Covina CA 8 06/29/95 SAIF Regular
SHEN First Shenango Bancorp Inc. NASDAQ New Castle PA 4 04/06/93 SAIF Regular
SHSB SHS Bancorp Inc. NASDAQ Pittsburgh PA 3 10/01/97 SAIF Regular
SIB Staten Island Bancorp Inc. NYSE Staten Island NY 17 12/22/97 BIF Regular
SISB SIS Bancorp Inc. NASDAQ Springfield MA 34 02/08/95 BIF Regular
SKAN Skaneateles Bancorp Inc. NASDAQ Skaneateles NY 9 06/02/86 BIF Regular
SKBO First Carnegie Deposit (MHC) NASDAQ Carnegie PA 3 04/04/97 SAIF Mutual HC
SMBC Southern Missouri Bancorp Inc. NASDAQ Poplar Bluff MO 8 04/13/94 SAIF Regular
SOBI Sobieski Bancorp Inc. NASDAQ South Bend IN 3 03/31/95 SAIF Regular
SOPN First Savings Bancorp Inc. NASDAQ Southern Pines NC 5 01/06/94 SAIF Regular
SOSA Somerset Savings Bank NASDAQ Somerville MA 5 07/09/86 BIF Regular
SPBC St. Paul Bancorp Inc. NASDAQ Chicago IL 53 05/18/87 SAIF Regular
SRN Southern Banc Co. AMSE Gadsden AL 4 10/05/95 SAIF Regular
SSB Scotland Bancorp Inc. AMSE Laurinburg NC 2 04/01/96 SAIF Regular
SSFC South Street Financial Corp. NASDAQ Albemarle NC 2 10/03/96 SAIF Regular
SSM Stone Street Bancorp Inc. AMSE Mocksville NC 2 04/01/96 SAIF Regular
STFR St. Francis Capital Corp. NASDAQ Brookfield WI 24 06/21/93 SAIF Regular
STSA Sterling Financial Corp. NASDAQ Spokane WA 41 NA SAIF Not Avail.
SVRN Sovereign Bancorp Inc. NASDAQ Wyomissing PA 179 08/12/86 SAIF Regular
SWBI Southwest Bancshares Inc. NASDAQ Hometown IL 6 06/24/92 SAIF Regular
SWCB Sandwich Bancorp Inc. NASDAQ Sandwich MA 11 07/25/86 BIF Regular
SZB SouthFirst Bancshares Inc. AMSE Sylacauga AL 4 02/14/95 SAIF Regular
THR Three Rivers Financial Corp. AMSE Three Rivers MI 4 08/24/95 SAIF Regular
THRD TF Financial Corp. NASDAQ Newtown PA 14 07/13/94 SAIF Regular
TPNZ Tappan Zee Financial Inc. NASDAQ Tarrytown NY 1 10/05/95 SAIF Regular
TRIC Tri-County Bancorp Inc. NASDAQ Torrington WY 2 09/30/93 SAIF Regular
TSBK Timberland Bancorp Inc. NASDAQ Hoquiam WA 8 01/13/98 SAIF Regular
TSBS Peoples Bancorp Inc. (MHC) NASDAQ Lawrenceville NJ 14 08/03/95 BIF Mutual HC
TSH Teche Holding Co. AMSE Franklin LA 9 04/19/95 SAIF Regular
TWIN Twin City Bancorp NASDAQ Bristol TN 3 01/04/95 SAIF Regular
UBMT United Financial Corp. NASDAQ Great Falls MT 5 09/23/86 SAIF Regular
UCBC Union Community Bancorp NASDAQ Crawfordsville IN 1 12/29/97 SAIF Regular
UFRM United Federal Savings Bank NASDAQ Rocky Mount NC 13 07/01/80 SAIF Regular
USAB USABancshares Inc. NASDAQ Philadelphia PA 2 NA BIF Not Avail.
UTBI United Tennessee Bankshares NASDAQ Newport TN 2 01/05/98 SAIF Regular
VABF Virginia Beach Fed. Financial NASDAQ Virginia Beach VA 14 11/01/80 SAIF Not Avail.
WAMU Washington Mutual Inc. NASDAQ Seattle WA 914 03/11/83 BIF Regular
WAYN Wayne Savings Bancshares (MHC) NASDAQ Wooster OH 6 06/25/93 SAIF Mutual HC
WBST Webster Financial Corp. NASDAQ Waterbury CT 84 12/12/86 SAIF Regular
WCBI Westco Bancorp Inc. NASDAQ Westchester IL 1 06/26/92 SAIF Regular
WCFB Webster City Federal SB (MHC) NASDAQ Webster City IA 1 08/15/94 SAIF Mutual HC
WEFC Wells Financial Corp. NASDAQ Wells MN 8 04/11/95 SAIF Regular
WEHO Westwood Homestead Fin. Corp. NASDAQ Cincinnati OH 2 09/30/96 SAIF Regular
WES Westcorp NYSE Irvine CA 26 05/01/86 SAIF Not Avail.
WFI Winton Financial Corp. AMSE Cincinnati OH 5 08/04/88 SAIF Regular
WFSL Washington Federal Inc. NASDAQ Seattle WA 104 11/17/82 SAIF Regular
Key Financial Data as of The Most Recent Quarter
----------------------------------------------------------------------------------------
Total Loans/ Loans/ Deposits/ Borrowings/
Assets Deposits Assets Assets Assets
Ticker ($000) (%) (%) (%) (%)
- --------- ----------------------------------------------------------------------------------------
RARB 408,308 79 65.56 82.56 8.60
RCBK 1,096,040 60 49.82 83.23 6.36
REDF 1,009,754 107 89.41 83.65 6.38
RELI 44,544 156 61.99 39.68 8.98
RELY 2,243,100 62 44.18 71.46 17.62
RIVR 138,461 98 82.13 83.54 2.17
ROSE 3,843,056 94 53.68 57.31 33.79
RSLN 3,601,079 51 27.59 53.94 26.84
RVSB 263,045 96 62.52 65.15 11.23
SBFL 247,708 64 48.28 75.30 14.93
SBOS 1,715,070 24 19.25 78.85 7.61
SCBS 70,893 82 65.68 79.73 0.00
SCCB 45,092 102 79.79 78.16 0.00
SFED 174,428 89 77.15 86.26 0.00
SFFC 88,608 129 77.43 59.98 21.44
SFIN 675,316 76 49.66 65.73 23.74
SFSB 438,462 93 67.17 72.22 19.40
SFSL 677,876 122 90.78 74.30 15.22
SGVB 407,821 107 77.78 72.47 18.94
SHEN 374,972 94 69.14 73.40 12.73
SHSB 88,572 91 65.92 72.84 11.58
SIB 2,651,170 68 41.44 61.24 9.43
SISB 1,733,618 67 49.12 73.1 17.30
SKAN 256,101 99 83.96 84.52 7.05
SKBO 143,650 81 43.54 53.81 27.58
SMBC 159,926 106 73.51 69.40 13.15
SOBI 87,553 120 78.90 65.80 19.25
SOPN 300,816 96 66.82 69.78 6.65
SOSA 539,672 92 77.80 84.47 8.04
SPBC 4,557,336 99 71.46 72.07 17.31
SRN 105,116 46 37.36 81.78 0.00
SSB 61,473 98 72.79 74.24 0.00
SSFC 228,491 79 49.54 62.58 9.19
SSM 108,092 140 86.53 61.96 7.22
STFR 1,597,648 70 46.86 66.63 24.26
STSA 1,876,250 105 57.76 55.24 35.57
SVRN 14,336,283 126 69.38 55.03 38.31
SWBI 368,282 96 73.68 76.86 9.19
SWCB 518,697 88 71.48 81.55 8.79
SZB 165,388 78 61.16 78.86 10.73
THR 97,487 103 64.69 62.93 22.30
THRD 597,047 56 42.33 75.44 14.80
TPNZ 126,470 57 46.57 81.63 0.00
TRIC 89,999 90 45.50 50.45 33.00
TSBK 293,278 74 64.47 86.63 4.16
TSBS 640,419 81 62.44 77.04 4.68
TSH 408,591 126 85.57 68.09 17.60
TWIN 108,687 84 71.59 84.94 0.92
UBMT 96,258 53 39.19 73.68 0.00
UCBC 132,040 126 59.59 47.15 2.71
UFRM 304,159 97 84.64 87.42 3.29
USAB 64,269 74 53.03 71.88 18.99
UTBI 89,884 59 53.97 90.86 0.00
VABF 616,188 115 75.81 66.12 25.99
WAMU 96,981,099 133 69.92 52.57 39.39
WAYN 255,124 97 81.25 84.12 5.49
WBST 7,019,621 90 55.81 62.19 28.89
WCBI 315,944 93 76.28 82.17 0.00
WCFB 95,121 76 57.51 75.20 0.25
WEFC 201,436 NA NA 72.17 12.16
WEHO 134,259 134 87.83 65.72 11.00
WES 3,728,865 94 50.22 53.66 21.54
WFI 329,897 114 86.07 75.20 16.19
WFSL 5,713,308 145 74.04 50.96 33.90
Exhibit 3
Selected Data on all Public Thrifts
Page 7 of 40
Corporate
---------------------------------------------------------------------------------------
Deposit
Number Insurance
of Agency Conversion
Ticker Short Name Exchange City State Offices IPO Date (BIF/SAIF) Type
- ----------------------------------------- ---------------------------------------------------------------------------------------
WHGB WHG Bancshares Corp. NASDAQ Lutherville MD 5 04/01/96 SAIF Regular
WOFC Western Ohio Financial Corp. NASDAQ Springfield OH 10 07/29/94 SAIF Regular
WRNB Warren Bancorp Inc. NASDAQ Peabody MA 6 07/09/86 BIF Regular
WSB Washington Savings Bank, FSB AMSE Bowie MD 5 NA SAIF Not Avail.
WSBI Warwick Community Bancorp NASDAQ Warwick NY 4 12/23/97 BIF Regular
WSFS WSFS Financial Corp. NASDAQ Wilmington DE 16 11/26/86 BIF Regular
WSTR WesterFed Financial Corp. NASDAQ Missoula MT 36 01/10/94 SAIF Regular
WVFC WVS Financial Corp. NASDAQ Pittsburgh PA 5 11/29/93 SAIF Regular
WYNE Wayne Bancorp Inc. NASDAQ Wayne NJ 5 06/27/96 SAIF Regular
YFCB Yonkers Financial Corp. NASDAQ Yonkers NY 5 04/18/96 SAIF Regular
YFED York Financial Corp. NASDAQ York PA 22 02/01/84 SAIF Regular
- ------------------------------------------------------------------------------------------------------------------------------------
Average
Median
Key Financial Data as of The Most Recent Quarter
----------------------------------------------------------------------------------------
Total Loans/ Loans/ Deposits/ Borrowings/
Assets Deposits Assets Assets Assets
Ticker ($000) (%) (%) (%) (%)
- --------- ----------------------------------------------------------------------------------------
WHGB 101,331 104 78.47 75.39 3.95
WOFC 371,988 114 75.72 66.38 18.37
WRNB 370,993 74 65.17 87.68 0.79
WSB 265,742 52 45.84 88.78 2.01
WSBI 298,170 80 57.96 72.49 14.54
WSFS 1,515,217 103 52.09 50.62 42.55
WSTR 1,035,096 105 65.50 62.29 25.33
WVFC 292,022 97 55.77 57.23 28.97
WYNE 270,043 91 67.06 73.50 11.85
YFCB 331,802 66 42.85 65.36 20.43
YFED 1,182,276 102 87.29 85.81 3.46
- --------- -----------------------------------------------------------------------------------
1,530,203 97.49 67.64 70.80 14.83
325,643 96.56 69.92 71.94 12.83
Exhibit 3
Selected Data on all Public Thrifts
Page 8 of 40
Corporate
---------------------------------------------------------------------------------------
Deposit
Number Insurance
of Agency Conversion
Ticker Short Name Exchange City State Offices IPO Date (BIF/SAIF) Type
- ----------------------------------------- ---------------------------------------------------------------------------------------
Comparable Thrift Data
ATSB AmTrust Capital Corp. NASDAQ Peru IN 2 03/28/95 SAIF Regular
CKFB CKF Bancorp Inc. NASDAQ Danville KY 1 01/04/95 SAIF Regular
FFBI First Financial Bancorp Inc. NASDAQ Belvidere IL 2 10/04/93 SAIF Regular
FFDF FFD Financial Corp. NASDAQ Dover OH 1 04/03/96 SAIF Regular
FTSB Fort Thomas Financial Corp. NASDAQ Fort Thomas KY 2 06/28/95 SAIF Regular
HCFC Home City Financial Corp. NASDAQ Springfield OH 1 12/30/96 SAIF Regular
KYF Kentucky First Bancorp Inc. AMSE Cynthiana KY 2 08/29/95 SAIF Regular
LOGN Logansport Financial Corp. NASDAQ Logansport IN 1 06/14/95 SAIF Regular
MSBF MSB Financial Inc. NASDAQ Marshall MI 2 02/06/95 SAIF Regular
NSLB NS&L Bancorp Inc. NASDAQ Neosho MO 2 06/08/95 SAIF Regular
PFFC Peoples Financial Corp. NASDAQ Massillon OH 2 09/13/96 SAIF Regular
SFFC StateFed Financial Corp. NASDAQ Des Moines IA 2 01/05/94 SAIF Regular
- ----------------------------------------- -----------------------------------------------------------------------------------------
Average
Median
Maximum
Minimum
MIVI * Mississippi View Holding Co. NASDAQ Little Falls MN 1 03/24/95 SAIF Regular
* Pricing data is based upon the last trade on NASDAQ, the Bank's
most current price is $18.50
Variance to the Comparable Median
Key Financial Data as of The Most Recent Quarter
----------------------------------------------------------------------------------------
Total Loans/ Loans/ Deposits/ Borrowings/
Assets Deposits Assets Assets Assets
Ticker ($000) (%) (%) (%) (%)
- --------- ----------------------------------------------------------------------------------------
ATSB 69,106 104.82 70.11 66.89 21.51
CKFB 62,865 129.52 89.11 68.80 8.29
FFBI 82,682 81.43 66.52 81.70 8.10
FFDF 92,364 109.70 69.80 63.63 10.86
FTSB 99,873 127.88 91.66 71.68 11.31
HCFC 71,854 121.86 87.66 71.94 7.95
KYF 86,307 91.21 57.96 63.55 18.50
LOGN 86,115 105.42 74.18 70.37 7.55
MSBF 77,444 170.35 93.18 54.70 27.33
NSLB 57,823 79.72 61.46 77.09 1.73
PFFC 82,464 91.04 72.37 79.49 0.00
SFFC 88,608 129.09 77.43 59.98 21.44
- --------- -----------------------------------------------------------------------------------
79,792 111.84 75.95 69.15 12.05
82,573 107.56 73.28 69.59 9.58
99,873 170.35 93.18 81.70 27.33
57,823 79.72 57.96 54.70 0.00
68,619 82.66 66.10 79.96 0.00
(13,954) (24.90) (7.18) 10.38 (9.58)
Exhibit 3
Selected Data on all Public Thrifts
Page 9 of 40
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 (%) (%) (%) (%) (%)
- ----------------------------------------- -----------------------------------------------------------------------------------------
%CAL California Federal Bank 7.44 5.33 29.97 5.73 8.77 11.83
%CCMD Chevy Chase Bank, FSB 6.08 5.05 17.72 6.65 7.91 13.01
AABC Access Anytime Bancorp Inc. 8.53 8.53 0.00 7.51 9.02 16.81
ABBK Abington Bancorp Inc. 6.83 6.25 8.97 6.01 7.26 13.02
ABCL Alliance Bancorp 9.60 9.50 1.16 8.50 10.00 16.48
ABCW Anchor BanCorp Wisconsin 6.65 6.54 1.63 5.79 7.78 10.51
AFBC Advance Financial Bancorp 15.22 15.22 0.00 15.50 15.53 23.60
AFCB Affiliated Community Bancorp 9.79 9.74 0.50 9.79 10.54 18.65
AFED AFSALA Bancorp Inc. 12.52 12.52 0.00 12.48 13.22 29.70
AHCI Ambanc Holding Co. 11.99 11.99 0.00 9.88 12.74 24.68
AHM H.F. Ahmanson & Co. 5.13 4.56 11.70 5.87 5.94 11.82
ALBC Albion Banc Corp. 8.58 8.58 0.00 7.50 8.97 15.70
ALBK ALBANK Financial Corp. 8.81 6.98 22.32 NA 9.52 NA
ALLB Alliance Bank (MHC) 11.19 11.19 0.00 11.36 11.78 26.47
AMFC AMB Financial Corp. 14.77 14.77 0.00 NA 15.18 NA
ANA Acadiana Bancshares Inc. 16.08 16.08 0.00 12.46 17.08 24.43
ANDB Andover Bancorp Inc. 8.10 8.10 0.00 8.20 9.04 15.04
ANE Alliance Bncp of New England 7.61 7.41 2.79 7.20 8.82 13.20
ASBI Ameriana Bancorp 11.37 11.36 0.04 NA 11.67 NA
ASBP ASB Financial Corp. 15.46 15.46 0.00 12.70 16.18 27.60
ASFC Astoria Financial Corp. 8.54 6.24 28.72 5.41 8.92 15.08
ATSB AmTrust Capital Corp. 10.83 10.73 0.99 10.00 11.55 17.00
AVND Avondale Financial Corp. 8.48 8.48 0.00 8.31 9.64 16.54
BANC BankAtlantic Bancorp Inc. 6.76 5.96 12.64 11.12 7.69 18.64
BDJI First Federal Bancorp. 10.18 10.18 0.00 9.27 10.55 18.78
BFD BostonFed Bancorp Inc. 8.37 8.09 3.66 NA 9.05 NA
BFFC Big Foot Financial Corp. 17.54 17.54 0.00 12.38 17.68 34.07
BFSB Bedford Bancshares Inc. 14.52 14.52 0.00 12.88 15.04 25.37
BKC American Bank of Connecticut 9.02 8.75 3.29 7.58 9.9 14.40
BKCT Bancorp Connecticut Inc. 10.60 10.60 0.00 10.02 11.79 17.33
BKUNA BankUnited Financial Corp. 4.81 4.35 10.00 7.12 4.95 12.91
BNKU Bank United Corp. 4.89 4.77 2.54 7.41 5.17 11.98
BPLS Bank Plus Corp. 4.35 3.98 8.92 5.48 5.56 11.99
BRKL Brookline Bancorp (MHC) 17.08 17.08 0.00 15.86 18.93 20.53
BTHL Bethel Bancorp 8.48 7.36 14.28 7.38 9.63 13.39
BVCC Bay View Capital Corp. 5.35 4.48 16.99 6.36 6.53 10.87
BWFC Bank West Financial Corp. 13.66 13.66 0.00 11.62 13.81 22.22
BYFC Broadway Financial Corp. 10.57 10.57 0.00 8.61 11.43 14.69
BYS Bay State Bancorp 8.36 8.36 0.00 8.20 9.08 16.02
CAFI Camco Financial Corp. 9.41 8.78 7.25 9.16 9.66 16.74
CAPS Capital Savings Bancorp Inc. 9.43 9.43 0.00 8.26 9.75 16.86
CASB Cascade Financial Corp. 6.94 6.94 0.00 6.88 7.91 11.96
CASH First Midwest Financial Inc. 10.83 9.77 10.82 8.40 11.33 14.30
CATB Catskill Financial Corp. 24.32 24.32 0.00 20.65 24.96 61.01
CAVB Cavalry Bancorp Inc. 10.79 10.79 0.00 10.88 11.79 13.55
CBCI Calumet Bancorp Inc. 16.77 16.77 0.00 10.68 18.02 17.38
CBES CBES Bancorp Inc. 15.78 15.78 0.00 12.01 16.27 14.89
CBK Citizens First Financial Corp. 13.88 13.88 0.00 11.08 14.18 18.49
CBSA Coastal Bancorp Inc. 3.60 3.08 14.99 5.52 3.86 11.98
CBSB Charter Financial Inc. 15.54 14.14 10.49 12.53 16.11 22.83
CCFH CCF Holding Co. 9.40 9.40 0.00 8.31 9.93 13.19
CEBK Central Co-operative Bank 9.82 8.97 9.58 NA 10.61 NA
CENB Century Bancorp Inc. 30.15 30.15 0.00 19.17 30.69 44.51
CENF CENFED Financial Corp. 6.14 6.13 0.15 6.04 6.92 12.10
CFB Commercial Federal Corp. 6.38 5.79 9.83 6.83 7.04 14.40
CFBC Community First Banking Co. 17.80 17.61 1.32 12.00 18.36 17.42
CFCP Coastal Financial Corp. 5.97 5.97 0.00 6.01 6.87 11.09
CFFC Community Financial Corp. 13.63 13.58 0.44 11.68 14.20 17.45
CFNC Carolina Fincorp Inc. 22.71 22.71 0.00 14.98 23.07 NA
CFSB CFSB Bancorp Inc. 7.92 7.92 0.00 7.63 8.47 13.77
CFTP Community Federal Bancorp 26.46 26.46 0.00 23.54 26.72 54.93
CFX CFX Corp. 8.55 8.27 3.54 8.32 9.31 14.39
CIBI Community Investors Bancorp 11.58 11.58 0.00 11.00 12.12 20.70
CKFB CKF Bancorp Inc. 21.89 21.89 0.00 19.59 22.09 34.13
Profitability as of
Asset Quality as of The Most Recent Quarter The Most Recent Quarter
---------------------------------------------------------------------- --------------------------------
NPLs/ Reserves/ NPAs/ NPAs/ Reserves/ Reserves/ Return on Return on
Loans NPLs Assets Equity Loans NPAs + 90 Avg Assets Avg Equity
Ticker (%) (%) (%) (%) (%) (%) (%) (%)
- ------ ----------------------------------------------------------------------- -------------------------------
%CAL 1.24 160.38 1.11 14.92 1.99 119.83 0.86 11.17
%CCMD 1.03 402.39 1.84 30.30 4.15 80.93 0.77 13.65
AABC 0.01 NM 0.08 0.91 0.89 634.94 1.49 22.43
ABBK 0.19 366.56 0.17 2.44 0.68 233.13 0.87 12.60
ABCL 0.31 178.52 0.27 2.79 0.56 147.57 0.79 8.54
ABCW 0.60 235.13 0.97 14.59 1.42 117.38 1.04 15.95
AFBC 0.90 38.71 0.79 5.17 0.35 27.69 0.87 5.67
AFCB 0.63 192.11 0.39 3.98 1.21 192.06 1.09 11.14
AFED 0.58 250.44 0.30 2.39 1.46 234.30 0.79 5.91
AHCI 0.98 135.67 0.58 4.82 1.34 112.17 0.56 4.52
AHM 2.09 58.49 1.73 33.72 1.22 46.72 0.87 17.14
ALBC 0.52 100.00 0.38 4.48 0.52 100.00 0.51 5.84
ALBK 0.86 118.60 0.70 7.94 1.02 81.33 1.19 13.03
ALLB 0.49 203.17 1.32 11.80 1.00 38.83 0.83 7.20
AMFC NA NA NA NA 0.53 NA 1.10 6.83
ANA 0.43 297.09 0.41 2.54 1.28 243.60 1.10 6.38
ANDB 0.80 159.52 0.62 7.71 1.27 151.68 1.06 13.24
ANE 2.06 92.34 1.56 20.56 1.91 75.91 0.86 12.29
ASBI NA NA NA NA 0.39 NA 0.92 8.22
ASBP 0.12 876.09 0.08 0.53 1.03 78.25 0.92 5.89
ASFC 0.88 105.11 0.52 6.04 0.92 67.77 0.82 10.23
ATSB 2.37 43.83 1.81 16.68 1.04 40.38 0.41 3.87
AVND 2.52 101.74 1.35 15.88 2.56 86.34 (2.03) (22.59)
BANC NA NA 1.07 15.90 1.35 84.73 1.01 17.43
BDJI 0.03 NM 0.03 0.27 0.79 198.64 0.66 6.10
BFD 0.22 372.04 0.20 2.41 0.82 335.20 0.75 8.21
BFFC 0.20 150.75 0.09 0.52 0.30 150.75 NA NA
BFSB - NM 0 0.00 0.60 96.46 1.20 8.39
BKC 3.07 49.97 2.11 23.44 1.54 41.86 1.33 15.85
BKCT 1.10 185.46 0.91 8.60 2.04 131.37 1.39 13.48
BKUNA 0.39 40.78 0.37 7.78 0.16 37.97 0.44 7.37
BNKU 0.72 50.53 0.68 14.00 0.36 41.06 0.70 13.66
BPLS 1.99 88.56 1.66 38.25 1.76 72.86 0.35 6.36
BRKL 1.41 181.93 1.27 7.43 2.56 145.63 1.84 11.15
BTHL NA NA NA NA 1.48 NA 0.68 7.97
BVCC 0.49 328.08 0.51 9.50 1.59 230.25 0.45 7.32
BWFC 0.50 44.48 0.48 3.53 0.22 32.03 0.72 4.92
BYFC 0.93 109.40 1.62 15.37 1.02 52.84 0.29 2.61
BYS 0.74 109.12 0.69 8.31 0.81 104.20 0.50 6.00
CAFI 0.18 162.58 0.29 3.04 0.30 53.21 1.15 12.00
CAPS 0.31 126.46 0.28 2.92 0.40 78.85 0.99 11.07
CASB 0.17 663.11 0.35 5.09 1.13 274.48 0.66 10.11
CASH 0.58 137.44 0.74 6.84 0.80 67.97 0.96 8.51
CATB 0.62 241.07 0.35 1.43 1.49 184.75 1.35 5.24
CAVB 0.07 NM 0.05 0.49 1.27 NM 1.22 11.09
CBCI 1.43 110.93 1.64 9.76 1.58 76.23 1.61 10.20
CBES 0.36 151.96 0.54 3.42 0.54 90.67 1.11 6.32
CBK 0.46 77.92 0.62 4.43 0.36 44.35 0.71 4.82
CBSA 1.37 42.72 0.71 19.60 0.58 35.48 0.40 11.68
CBSB 0.67 113.66 0.62 4.02 0.76 90.95 1.35 9.19
CCFH 0.63 106.86 0.50 5.34 0.68 106.86 0.13 1.10
CEBK 0.58 185.68 0.42 4.30 1.08 185.68 0.82 8.11
CENB 0.82 102.01 0.58 1.93 0.84 93.95 1.63 5.89
CENF NA NA NA NA 1.12 NA 0.61 11.06
CFB 0.86 104.11 0.84 13.10 0.90 80.01 0.97 16.07
CFBC 0.74 101.37 2.19 12.28 0.75 25.76 0.51 4.66
CFCP 0.73 164.09 0.59 9.93 1.20 151.67 1.23 19.77
CFFC 0.32 203.68 0.44 3.25 0.65 129.75 1.07 7.85
CFNC 0.14 365.18 0.10 0.43 0.50 365.18 1.22 5.29
CFSB 0.12 535.67 0.10 1.31 0.62 526.14 1.26 16.39
CFTP 0.69 65.50 0.49 1.87 0.45 53.05 1.32 4.54
CFX 0.67 156.56 0.59 6.91 1.06 128.94 0.71 7.63
CIBI 0.71 88.24 0.65 5.57 0.62 82.39 0.97 8.33
CKFB 0.12 189.39 0.10 0.48 0.22 42.66 1.82 7.74
Exhibit 3
Selected Data on all Public Thrifts
Page 10 of 40
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 (%) (%) (%) (%) (%)
- ----------------------------------------- -----------------------------------------------------------------------------------------
CLAS Classic Bancshares Inc. 15.06 13.14 14.67 11.60 15.68 23.50
CMRN Cameron Financial Corp 21.44 21.44 0.00 16.89 22.25 25.56
CMSB Commonwealth Bancorp Inc. 9.47 7.63 21.06 6.60 9.87 13.40
CMSV Community Savings Bnkshrs(MHC) 11.28 11.28 0.00 NA 11.65 NA
CNIT CENIT Bancorp Inc. 6.95 6.43 8.03 6.60 7.48 12.00
CNSB CNS Bancorp Inc. 24.44 24.44 0.00 20.01 24.83 41.37
CNY Carver Bancorp Inc. 8.48 8.19 3.78 7.63 9.17 18.01
COFI Charter One Financial 6.97 6.54 6.57 NA 7.54 NA
CONE Conestoga Bancorp, Inc. 16.18 16.18 0.00 12.17 16.22 27.71
COOP Cooperative Bankshares Inc. 7.67 7.67 0.00 7.67 7.90 14.92
CRSB Crusader Holding Corp. 3.52 3.52 0.00 5.03 NA 10.57
CRZY Crazy Woman Creek Bancorp 23.64 23.64 0.00 18.41 24.07 46.36
CSBF CSB Financial Group Inc. 23.10 22.04 5.87 21.41 23.46 48.40
CTZN CitFed Bancorp Inc. 6.06 5.57 8.65 5.70 6.59 13.36
CVAL Chester Valley Bancorp Inc. 8.82 8.82 0.00 8.54 9.76 14.56
DCBI Delphos Citizens Bancorp Inc. 26.78 26.78 0.00 12.50 26.89 26.50
DIBK Dime Financial Corp. 8.27 8.07 2.61 8.17 9.56 21.90
DIME Dime Community Bancorp Inc. 12.51 11.00 13.55 9.22 13.29 18.68
DME Dime Bancorp Inc. 6.02 4.99 17.97 5.64 6.50 11.17
DNFC D & N Financial Corp. 5.40 5.36 0.91 6.55 5.98 11.98
DSL Downey Financial Corp. 7.37 7.29 1.22 6.61 7.92 12.64
EBI Equality Bancorp Inc. 11.18 11.18 0.00 9.60 11.31 25.90
EBSI Eagle Bancshares 7.83 7.83 0.00 5.91 8.50 9.08
EFBC Empire Federal Bancorp Inc. 36.97 36.97 0.00 24.50 37.16 65.30
EFBI Enterprise Federal Bancorp 10.75 10.75 0.04 9.97 10.96 17.95
EGFC Eagle Financial Corp. 7.06 5.80 18.94 7.65 7.51 18.37
EGLB Eagle BancGroup Inc. 11.86 11.86 0.00 9.99 12.41 16.30
EMLD Emerald Financial Corp. 8.03 7.93 1.37 7.74 8.30 12.85
EQSB Equitable Federal Savings Bank 5.20 5.20 0.00 5.20 5.38 11.66
ESBK Elmira Savings Bank (The) 6.32 6.32 0.00 6.31 6.96 10.35
ESX Essex Bancorp Inc. 7.83 7.75 1.16 8.07 8.92 14.47
ETFS East Texas Financial Services 17.47 17.47 0.00 14.80 17.70 38.77
FAB FIRSTFED AMERICA BANCORP INC. 11.17 11.17 0.00 9.36 12.09 19.35
FBBC First Bell Bancorp Inc. 10.80 10.80 0.00 10.59 10.91 23.39
FBCI Fidelity Bancorp Inc. 10.47 10.45 0.19 9.00 10.57 19.10
FBCV 1ST Bancorp 8.98 8.83 1.76 8.56 9.44 15.49
FBER 1st Bergen Bancorp 13.52 13.52 0.00 10.59 14.57 26.20
FBHC Fort Bend Holding Corp. 6.77 6.37 6.25 7.40 7.30 15.16
FBNW FirstBank Corp. 16.18 16.18 0.00 11.18 16.76 17.70
FBSI First Bancshares Inc. 14.40 14.40 0.00 11.72 14.72 17.62
FCB Falmouth Bancorp Inc. 23.94 23.94 0.00 14.68 24.45 28.10
FCBF FCB Financial Corp. 14.10 14.10 0.00 11.51 14.79 19.79
FCME First Coastal Corp. 10.11 10.11 0.00 7.71 11.94 13.29
FDEF First Defiance Financial 18.44 18.44 0.00 13.65 18.9 21.55
FED FirstFed Financial Corp. 5.36 5.31 0.84 6.28 7.39 12.29
FESX First Essex Bancorp Inc. 7.60 6.75 12.10 6.65 8.49 12.28
FFBA First Colorado Bancorp Inc. 13.46 13.22 2.03 12.49 13.76 23.76
FFBH First Federal Bancshares of AR 15.08 15.08 0.00 11.98 15.30 22.52
FFBI First Financial Bancorp Inc. 9.23 9.23 0.00 8.67 9.87 15.38
FFBS FFBS BanCorp Inc. 16.71 16.71 0.00 14.04 17.13 26.11
FFBZ First Federal Bancorp Inc. 7.61 7.60 0.10 6.75 8.57 11.10
FFCH First Financial Holdings Inc. 6.44 6.44 0.00 6.71 7.10 11.30
FFDB FirstFed Bancorp Inc. 9.69 8.97 8.17 8.91 10.34 17.01
FFDF FFD Financial Corp. 24.06 24.06 0.00 16.40 24.35 32.70
FFED Fidelity Federal Bancorp 7.28 7.28 0.00 8.74 8.11 13.16
FFES First Federal of East Hartford 6.82 6.82 0.00 6.95 7.08 23.13
FFFD North Central Bancshares Inc. 22.72 22.72 0.00 NA 23.68 NA
FFFL Fidelity Bankshares Inc. (MHC) 8.20 8.16 0.62 7.90 8.41 15.80
FFHH FSF Financial Corp. 10.91 10.91 0.00 9.90 11.13 18.50
FFHS First Franklin Corp. 9.21 9.17 0.50 6.75 9.65 14.90
FFIC Flushing Financial Corp. 12.54 12.10 3.94 9.11 13.13 19.76
FFKY First Federal Financial Corp. 13.67 13.02 5.47 12.26 14.14 19.48
FFLC FFLC Bancorp Inc. 12.85 12.85 0.00 11.08 13.27 21.70
FFOH Fidelity Financial of Ohio 12.01 10.74 11.87 10.12 12.32 19.33
Profitability as of
Asset Quality as of The Most Recent Quarter The Most Recent Quarter
---------------------------------------------------------------------- --------------------------------
NPLs/ Reserves/ NPAs/ NPAs/ Reserves/ Reserves/ Return on Return on
Loans NPLs Assets Equity Loans NPAs + 90 Avg Assets Avg Equity
Ticker (%) (%) (%) (%) (%) (%) (%) (%)
- ------ ----------------------------------------------------------------------- -------------------------------
CLAS 0.25 374.21 0.34 2.25 0.92 148.74 0.83 5.58
CMRN 0.34 279.51 0.38 1.78 0.94 82.65 1.17 5.30
CMSB 0.68 100.96 0.42 4.45 0.69 94.35 0.73 7.56
CMSV 0.53 109.86 0.42 3.71 0.59 88.29 0.77 6.79
CNIT 0.21 363.75 0.33 4.74 0.77 155.74 0.86 12.00
CNSB 0.20 293.18 0.13 0.55 0.58 293.18 0.88 3.59
CNY 1.73 66.93 1.05 12.36 1.15 41.11 (0.11) (1.33)
COFI 0.35 251.20 0.30 4.27 0.89 150.61 0.79 11.28
CONE 0.23 80.00 0.16 0.99 0.18 26.87 0.66 4.10
COOP - NM 0.07 0.90 0.30 142.58 0.61 7.87
CRSB NA NA 0.65 18.47 NA NA NA NA
CRZY 0.39 237.5 0.18 0.78 0.92 237.50 1.29 5.05
CSBF NA NA NA NA 0.63 52.91 0.49 1.98
CTZN 0.51 198.71 0.37 6.03 1.01 143.60 0.88 13.82
CVAL 0.30 385.96 0.25 2.78 1.15 385.96 1.00 11.64
DCBI 0.43 29.22 0.35 1.29 0.13 29.22 1.62 5.82
DIBK 0.61 539.86 0.29 3.49 3.30 433.25 1.94 24.20
DIME 0.82 165.95 0.53 4.24 1.36 145.69 0.90 6.15
DME 1.37 51.54 1.06 17.57 0.71 45.34 0.60 11.04
DNFC 0.29 275.65 0.29 5.40 0.80 199.00 0.88 15.75
DSL 0.78 76.96 0.89 12.05 0.60 61.86 0.79 11.07
EBI 0.79 32.16 0.39 3.48 0.25 31.69 0.55 8.13
EBSI 1.31 70.43 1.18 15.04 0.92 56.90 0.64 7.50
EFBC - NM 0.00 0.00 0.44 645.16 1.43 3.94
EFBI - NM 0.00 0.00 0.32 NM 0.83 6.94
EGFC 0.74 116.03 0.52 7.32 0.86 87.45 0.42 5.93
EGLB 1.37 55.33 1.36 11.44 0.76 40.27 0.30 2.46
EMLD 0.30 113.80 0.35 4.35 0.35 57.48 1.03 13.45
EQSB - NM 0.38 7.31 0.26 32.66 0.75 14.84
ESBK 0.66 124.96 0.69 10.95 0.82 90.95 0.39 6.13
ESX 1.06 119.50 1.92 24.53 1.27 51.58 0.12 1.41
ETFS 0.66 68.42 0.33 1.90 0.45 68.42 0.64 3.48
FAB 0.37 324.39 0.35 3.14 1.19 263.67 0.17 1.49
FBBC 0.11 112.78 0.09 0.87 0.12 112.78 1.08 10.25
FBCI 0.43 29.54 NA NA 0.13 NA 0.22 2.11
FBCV 1.26 49.69 1.23 13.68 0.63 31.23 0.74 8.86
FBER 1.57 148.98 0.75 5.53 2.34 140.88 0.78 5.26
FBHC 0.84 120.69 0.47 6.88 1.02 114.18 0.67 10.68
FBNW 0.39 187.17 0.63 3.9 0.74 90.64 0.92 8.82
FBSI 0.04 905.26 0.04 0.25 0.37 76.11 1.16 8.38
FCB - NM 0.00 0.00 0.83 NM 1.00 4.04
FCBF 0.29 305.09 0.26 1.82 0.89 269.82 1.12 7.50
FCME 0.61 408.74 0.49 4.84 2.47 325.79 0.84 8.72
FDEF 0.31 196.78 0.33 1.78 0.6 140.92 0.96 4.69
FED 0.91 287.76 0.96 18.00 2.62 210.84 0.56 11.25
FESX 0.77 190.66 0.54 7.07 1.47 164.26 0.82 11.18
FFBA 0.18 223.19 0.15 1.12 0.40 201.71 1.31 9.92
FFBH 1.14 24.13 0.94 6.22 0.27 23.21 1.03 6.76
FFBI 1.50 64.36 1.00 10.81 0.97 64.36 0.14 1.65
FFBS 0.04 NM 0.03 0.17 0.59 72.88 1.41 7.42
FFBZ 0.66 166.83 0.57 7.55 1.10 149.74 0.97 12.67
FFCH 0.86 95.05 1.35 20.92 0.82 48.83 0.88 14.21
FFDB 0.92 103.21 0.99 10.19 0.95 45.57 0.96 9.89
FFDF 0.07 642.86 0.05 0.19 0.42 642.86 1.83 7.49
FFED 0.34 299.50 0.30 4.11 1.01 240.48 0.73 12.62
FFES 1.23 108.72 0.25 3.64 1.33 88.43 0.57 8.80
FFFD NA NA NA NA 1.11 NA 1.86 7.94
FFFL 0.47 58.82 0.40 4.82 0.28 51.95 0.67 7.63
FFHH 0.30 108.91 0.22 1.98 0.32 102.41 0.83 7.24
FFHS 0.47 139.04 0.32 3.44 0.66 76.37 0.74 8.24
FFIC 0.41 263.38 0.27 2.12 1.07 223.94 0.92 6.33
FFKY - NM 0.07 0.49 0.52 98.79 1.63 11.94
FFLC 0.08 695.87 0.19 1.46 0.53 224.83 1.00 7.18
FFOH 0.23 167.81 0.18 1.54 0.38 167.81 0.93 7.22
Exhibit 3
Selected Data on all Public Thrifts
Page 11 of 40
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. 6.37 6.24 2.22 7.23 6.66 15.10
FFSL First Independence Corp. 9.99 9.99 0.00 8.51 10.58 19.87
FFSX First Fed SB of Siouxland(MHC) 8.85 8.79 0.77 8.73 9.22 17.24
FFWC FFW Corp. 9.57 8.81 8.81 6.75 9.95 12.05
FFWD Wood Bancorp Inc. 12.80 12.80 0.00 9.41 13.16 15.76
FFYF FFY Financial Corp. 13.59 13.59 0.00 9.16 14.06 16.26
FGHC First Georgia Holding Inc. 8.30 7.75 7.25 8.24 8.92 10.14
FIBC Financial Bancorp Inc. 8.93 8.90 0.44 6.58 9.43 17.93
FISB First Indiana Corp. 9.49 9.39 1.15 8.37 10.87 12.05
FKFS First Keystone Financial 6.62 6.62 0.00 8.42 7.07 20.51
FKKY Frankfort First Bancorp Inc. 16.96 16.96 0.00 18.83 17.04 36.55
FLAG FLAG Financial Corp. 8.90 8.90 0.00 8.90 9.81 14.90
FLFC First Liberty Financial Corp. 7.59 6.95 9.11 7.60 8.56 11.61
FLGS Flagstar Bancorp Inc. 6.66 6.44 3.57 5.62 6.95 11.74
FLKY First Lancaster Bancshares 28.50 28.50 0.00 27.40 28.81 39.80
FMBD First Mutual Bancorp Inc. 13.84 10.97 23.33 18.91 14.21 19.56
FMCO FMS Financial Corp. 6.19 6.12 1.21 7.05 6.69 15.85
FMSB First Mutual Savings Bank 6.88 6.88 0.00 NA 7.97 NA
FNGB First Northern Capital Corp. 11.06 11.06 0.00 10.19 11.53 16.65
FOBC Fed One Bancorp 11.06 10.65 4.21 9.80 11.47 24.50
FPRY First Financial Bancorp 6.35 6.35 0.00 6.20 7.00 10.80
FSBI Fidelity Bancorp Inc. 6.84 6.84 0.00 9.05 7.35 18.98
FSFF First SecurityFed Financial 29.09 29.02 0.32 21.60 29.67 42.80
FSLA First Savings Bank (MHC) 9.69 8.93 8.66 8.86 10.27 22.44
FSNJ Bayonne Bancshares Inc. 15.75 15.75 0.00 12.17 16.24 34.91
FSPG First Home Bancorp Inc. 6.95 6.86 1.38 6.60 7.62 16.55
FSPT FirstSpartan Financial Corp. 26.40 26.40 0.00 19.00 26.79 31.57
FSSB First FS&LA of San Bernardino 4.33 4.18 3.63 4.29 5.38 8.52
FSTC First Citizens Corp. 10.09 8.24 20.03 8.20 11.20 12.56
FTF Texarkana First Financial Corp 15.15 15.15 0.00 15.11 15.78 25.68
FTFC First Federal Capital Corp. 7.08 6.72 5.41 6.39 7.58 12.23
FTNB Fulton Bancorp Inc. 23.98 23.98 0.00 16.20 24.89 29.60
FTSB Fort Thomas Financial Corp. 15.82 15.82 0.00 15.04 16.29 24.15
FWWB First SB of Washington Bancorp 13.38 12.51 7.39 12.63 14.03 23.03
GAF GA Financial Inc. 14.81 14.69 0.94 12.59 14.98 33.76
GDW Golden West Financial 6.81 6.81 0.00 6.47 7.40 13.14
GFCO Glenway Financial Corp. 9.29 9.20 1.05 8.40 9.61 13.80
GFED Guaranty Federal Bcshs Inc. 30.15 30.15 0.00 29.06 31.10 51.14
GLMR Gilmer Financial Svcs, Inc. 9.02 9.02 0.00 8.80 9.75 19.20
GOSB GSB Financial Corp. 28.44 28.44 0.00 20.10 28.57 40.64
GPT GreenPoint Financial Corp. 9.70 5.54 45.46 7.08 10.54 15.49
GSB Golden State Bancorp Inc. 6.76 6.20 8.73 6.10 7.73 12.18
GSBC Great Southern Bancorp Inc. 8.74 8.68 0.81 7.50 10.85 11.20
GSFC Green Street Financial Corp. 35.23 35.23 0.00 35.23 35.37 79.66
GSLA GS Financial Corp. 42.66 42.66 0.00 31.82 42.97 78.93
GTPS Great American Bancorp 19.93 19.93 0.00 NA 20.28 NA
GUPB GFSB Bancorp Inc. 12.50 12.50 0.00 NA 12.82 NA
HALL Hallmark Capital Corp. 7.62 7.62 0.00 6.70 8.12 12.32
HARBD Harbor Florida Bancshares Inc. 8.93 8.68 2.97 7.69 9.94 15.52
HARL Harleysville Savings Bank 6.81 6.81 0.00 6.82 7.37 14.24
HARS Harris Financial Inc. (MHC) 8.12 7.31 10.85 6.81 8.51 13.65
HAVN Haven Bancorp Inc. 5.72 5.70 0.28 6.42 6.35 14.04
HBBI Home Building Bancorp 14.06 14.06 0.00 10.77 14.26 21.56
HBEI Home Bancorp of Elgin Inc. 27.00 27.00 0.00 20.88 27.31 37.23
HBFW Home Bancorp 12.15 12.15 0.00 9.71 12.55 20.66
HBNK Highland Bancorp Inc. 7.55 7.55 0.00 6.85 9.16 10.65
HBS Haywood Bancshares Inc. 14.45 14.04 3.28 13.91 14.93 27.68
HCBB HCB Bancshares Inc. 18.65 18.12 3.49 13.80 19.38 29.80
HCBC High Country Bancorp Inc. 20.47 20.47 0.00 14.70 21.22 24.53
HCFC Home City Financial Corp. 19.49 19.49 0.00 15.20 20.12 26.59
HEMT HF Bancorp Inc. 7.87 6.70 15.90 6.17 8.24 15.58
HFBC HopFed Bancorp Inc. 9.27 9.27 0.00 7.98 9.39 21.95
HFFB Harrodsburg First Fin Bancorp 26.73 26.73 0.00 22.50 27.05 43.10
HFFC HF Financial Corp. 9.58 9.58 0.00 7.47 10.45 12.77
Profitability as of
Asset Quality as of The Most Recent Quarter The Most Recent Quarter
---------------------------------------------------------------------- --------------------------------
NPLs/ Reserves/ NPAs/ NPAs/ Reserves/ Reserves/ Return on Return on
Loans NPLs Assets Equity Loans NPAs + 90 Avg Assets Avg Equity
Ticker (%) (%) (%) (%) (%) (%) (%) (%)
- ------ ----------------------------------------------------------------------- -------------------------------
FFPB 0.56 80.21 0.52 8.22 0.45 53.27 0.57 8.53
FFSL 1.15 70.91 0.89 8.90 0.81 40.91 0.65 6.26
FFSX 0.19 257.66 0.14 1.62 0.49 195.85 0.74 8.70
FFWC 0.33 168.93 0.31 3.28 0.56 120.30 1.03 10.50
FFWD - NM 0.02 0.14 0.44 93.94 1.44 11.43
FFYF 0.82 74.80 0.62 4.57 0.61 74.80 1.29 9.34
FGHC 1.59 44.40 1.64 19.79 0.71 12.42 1.12 13.49
FIBC 1.15 83.07 1.89 21.11 0.95 25.52 0.93 9.85
FISB 1.34 121.60 1.38 14.60 1.63 100.34 1.17 12.16
FKFS 1.29 66.39 1.15 17.38 0.86 38.88 0.81 11.60
FKKY - NM 0.00 0.00 0.08 71.94 0.18 0.84
FLAG NA NA NA NA 1.31 NA 0.88 9.55
FLFC 0.81 168.99 1.00 13.21 1.37 96.64 0.76 10.16
FLGS 2.67 12.41 3.29 49.43 0.33 8.79 1.29 20.69
FLKY 1.55 21.68 2.25 7.88 0.34 8.62 1.17 3.64
FMBD 0.15 302.11 0.13 0.93 0.46 92.09 0.24 1.79
FMCO 1.41 72.62 0.86 13.91 1.03 57.98 0.98 15.11
FMSB - NM 0.00 0.00 1.33 720.77 1.05 15.58
FNGB 0.07 722.05 0.09 0.80 0.53 535.75 0.94 8.38
FOBC 0.37 241.60 0.17 1.55 0.88 111.94 0.92 8.18
FPRY NA NA NA NA 0.84 NA 0.57 8.95
FSBI 0.29 362.66 0.15 2.15 1.04 349.48 0.78 11.40
FSFF 0.05 NM 0.03 0.10 0.97 124.86 0.64 4.66
FSLA 0.71 143.66 0.54 5.53 1.03 98.01 0.90 9.55
FSNJ 2.09 60.45 0.90 5.71 1.27 48.09 0.45 4.04
FSPG 1.20 107.68 0.78 11.27 1.29 85.83 0.92 13.68
FSPT 0.33 144.54 0.28 1.04 0.48 82.73 1.24 6.93
FSSB 1.43 102.26 2.31 53.29 1.47 45.41 (1.18) (24.70)
FSTC 1.45 100.93 1.12 11.11 1.46 99.21 1.88 19.41
FTF - NM 0.07 0.49 0.76 377.18 1.74 11.13
FTFC 0.35 173.2 0.32 4.48 0.61 155.81 1.13 17.20
FTNB 1.10 100.10 1.05 4.38 1.10 86.26 1.26 5.09
FTSB 2.22 23.24 2.04 12.88 0.52 23.24 1.23 7.53
FWWB 0.11 914.11 0.19 1.42 0.97 263.53 1.21 8.47
GAF 0.56 76.28 0.22 1.49 0.43 76.28 1.15 7.19
GDW 1.08 64.56 1.07 15.68 0.70 55.16 0.91 14.14
GFCO 0.05 718.38 0.06 0.64 0.38 542.78 0.83 8.78
GFED 0.52 237.08 0.61 2.02 1.24 154.73 1.02 7.19
GLMR 2.51 51.93 1.65 18.25 1.30 44.52 0.06 0.59
GOSB 0.17 137.39 0.10 0.35 0.23 137.39 0.64 3.79
GPT 3.99 30.70 2.9 29.86 1.22 28.75 1.12 11.00
GSB 1.04 125.35 1.08 15.92 1.31 90.12 0.66 10.22
GSBC 1.60 155.26 1.84 20.99 2.48 114.98 1.90 22.00
GSFC 0.10 197.67 0.07 0.20 0.20 197.67 1.60 4.48
GSLA - NM 0.00 0.00 0.76 246.99 1.38 3.34
GTPS NA NA NA NA 0.44 126.79 0.63 3.02
GUPB 0.44 132.26 0.24 1.95 0.58 132.26 0.89 6.11
HALL 0.13 563.39 0.09 1.20 0.71 471.85 0.67 9.31
HARBD 0.37 355.94 0.51 5.69 1.31 197.92 1.28 15.29
HARL - NM 0.00 0.02 0.78 NM 1.02 15.63
HARS 0.76 124.14 0.62 7.63 0.94 63.10 0.89 10.80
HAVN 1.09 99.97 0.66 11.51 1.09 96.47 0.62 10.41
HBBI 0.99 29.02 0.67 4.79 0.29 29.02 0.75 5.70
HBEI 0.32 110.49 0.35 1.31 0.35 85.19 0.80 2.93
HBFW - NM 0 0 0.47 464.55 0.86 6.54
HBNK 2.09 96.94 1.94 25.70 2.03 82.92 1.20 16.17
HBS 0.51 126.76 0.54 3.74 0.64 89.14 1.26 9.12
HCBB 0.44 323.01 0.23 1.24 1.42 316.88 0.30 2.00
HCBC 0.52 177.96 0.42 2.03 0.93 177.96 NA NA
HCFC 0.41 174.52 0.36 1.85 0.72 174.52 1.39 9.15
HEMT 1.45 46.07 1.38 17.49 0.67 27.21 0.03 0.43
HFBC - NM 0 0.00 0.23 93.93 0.77 8.99
HFFB - NM 0 0 0.41 70.72 1.36 5.06
HFFC 0.35 324.37 0.33 3.44 1.14 241.11 1.07 11.48
Exhibit 3
Selected Data on all Public Thrifts
Page 12 of 40
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 (%) (%) (%) (%) (%)
- ----------------------------------------- -----------------------------------------------------------------------------------------
HFGI Harrington Financial Group 4.47 4.47 0.00 6.08 4.51 26.82
HFNC HFNC Financial Corp. 18.24 18.24 0.00 16.20 19.03 30.60
HFSA Hardin Bancorp Inc. 11.34 11.34 0.00 10.32 11.54 20.84
HFWA Heritage Financial Corp. 8.82 8.82 0.00 10.90 9.67 15.80
HHFC Harvest Home Financial Corp. 11.12 11.12 0.00 NA 11.25 NA
HIFS Hingham Instit. for Savings 9.60 9.60 0.00 9.80 10.30 15.66
HLFC Home Loan Financial Corp. 17.59 17.59 0.00 17.59 17.88 30.12
HMLK Hemlock Federal Financial Corp 17.22 17.22 0.00 NA 17.66 NA
HMNF HMN Financial Inc. 12.22 11.45 7.16 NA 12.62 NA
HOMF Home Federal Bancorp 8.80 8.58 2.80 8.20 9.36 12.41
HPBC Home Port Bancorp Inc. 10.51 10.51 0.00 10.51 11.76 18.59
HRBF Harbor Federal Bancorp Inc. 12.49 12.49 0.00 9.41 12.68 21.79
HRZB Horizon Financial Corp. 15.93 15.93 0.00 15.90 16.60 29.25
HTHR Hawthorne Financial Corp. 4.56 4.56 0.00 7.55 5.99 11.48
HWEN Home Financial Bancorp 16.99 16.99 0.00 14.40 17.62 25.50
HZFS Horizon Financial Svcs Corp. 10.16 10.16 0.00 7.48 10.59 13.76
IBSF IBS Financial Corp. 17.74 17.74 0.00 17.58 17.89 61.69
ICBC Independence Comm. Bank Corp. 8.67 7.28 17.35 7.30 9.55 11.90
IFSB Independence Federal Svgs Bank 7.15 6.47 10.09 6.20 7.37 16.20
INBI Industrial Bancorp Inc. 16.72 16.72 0.00 9.86 17.20 19.03
INCB Indiana Community Bank SB 12.15 12.15 0.00 NA 12.85 NA
IPSW Ipswich Savings Bank 5.21 5.21 0.00 5.40 5.94 10.81
ITLA ITLA Capital Corp. 9.78 9.75 0.34 9.61 10.98 12.67
IWBK InterWest Bancorp Inc. 6.73 6.62 1.68 6.56 7.16 13.89
JOAC Joachim Bancorp Inc. 28.91 28.91 0.00 24.20 29.13 48.40
JSB JSB Financial Inc. 23.94 23.94 0.00 NA 24.32 NA
JSBA Jefferson Savings Bancorp 9.39 7.61 20.51 7.80 10.05 14.43
JXSB Jacksonville Savings Bk (MHC) 10.41 10.41 0.00 10.36 10.81 15.24
JXVL Jacksonville Bancorp Inc. 14.63 14.63 0.00 NA 15.12 NA
KFBI Klamath First Bancorp 15.07 13.96 8.62 11.44 15.22 24.34
KNK Kankakee Bancorp Inc. 11.01 10.45 5.72 9.00 11.63 16.30
KSAV KS Bancorp Inc. 12.81 12.81 0.02 NA 13.10 12.03
KSBK KSB Bancorp Inc. 7.56 7.25 4.47 NA 8.44 NA
KYF Kentucky First Bancorp Inc. 17.02 17.02 0.00 14.50 17.47 27.06
LARK Landmark Bancshares Inc. 14.09 14.09 0.00 10.77 14.54 22.68
LARL Laurel Capital Group Inc. 10.57 10.57 0.00 10.33 11.42 21.21
LFBI Little Falls Bancorp Inc. 11.66 10.88 7.46 8.10 12.01 23.83
LFCO Life Financial Corp. 13.31 13.31 0.00 5.30 13.94 10.32
LFED Leeds Federal Bankshares (MHC) 16.63 16.63 0.00 16.19 16.82 32.64
LISB Long Island Bancorp Inc. 9.18 9.10 0.89 7.37 9.73 15.81
LOGN Logansport Financial Corp. 19.21 19.21 0.00 19.10 19.49 35.37
LONF London Financial Corp. 13.76 13.76 0.00 16.00 14.24 31.48
LSBI LSB Financial Corp. 8.58 8.58 0.00 8.01 9.30 11.98
LSBX Lawrence Savings Bank 10.45 10.45 0.00 9.85 11.33 18.14
LVSB Lakeview Financial Corp. 9.65 8.06 17.96 7.90 10.38 14.00
LXMO Lexington B&L Financial Corp. 18.34 17.39 6.24 21.80 18.98 40.10
MAFB MAF Bancorp Inc. 7.62 6.77 11.89 6.88 8.07 14.34
MARN Marion Capital Holdings 20.78 20.43 2.15 18.74 21.85 29.81
MASB MASSBANK Corp. 11.21 11.07 1.43 10.15 11.47 35.01
MBB MSB Bancorp Inc. 9.77 6.19 39.01 6.15 10.14 12.79
MBBC Monterey Bay Bancorp Inc. 11.75 11.04 6.74 9.40 12.15 17.24
MBLF MBLA Financial Corp. 12.68 12.68 0.00 11.88 12.98 32.10
MBSP Mitchell Bancorp Inc. 40.13 40.13 0.00 32.30 40.65 57.00
MCBN Mid-Coast Bancorp Inc. 8.34 8.34 0.00 8.01 8.86 14.92
MDBK Medford Bancorp Inc. 8.94 8.46 5.89 8.46 9.53 15.75
MECH MECH Financial Inc. 9.92 9.92 0.00 NA 11.50 NA
MERI Meritrust Federal SB 8.50 8.50 0.00 8.68 8.71 18.08
METF Metropolitan Financial Corp. 3.96 3.65 8.15 5.47 4.57 8.39
MFBC MFB Corp. 12.70 12.70 0.00 12.30 12.84 24.68
MFFC Milton Federal Financial Corp. 11.84 11.84 0.00 10.02 12.07 21.77
MFLR Mayflower Co-operative Bank 9.75 9.62 1.52 9.75 10.62 15.55
MFSL Maryland Federal Bancorp 8.66 8.58 1.04 8.08 9.06 16.13
MIFC Mid-Iowa Financial Corp. 9.36 9.35 0.09 7.58 9.58 18.81
MIVI Mississippi View Holding Co. 18.18 18.18 0.00 16.36 19.44 33.09
Profitability as of
Asset Quality as of The Most Recent Quarter The Most Recent Quarter
---------------------------------------------------------------------- --------------------------------
NPLs/ Reserves/ NPAs/ NPAs/ Reserves/ Reserves/ Return on Return on
Loans NPLs Assets Equity Loans NPAs + 90 Avg Assets Avg Equity
Ticker (%) (%) (%) (%) (%) (%) (%) (%)
- ------ ----------------------------------------------------------------------- -------------------------------
HFGI 0.27 69.97 0.18 3.96 0.19 21.99 0.20 3.99
HFNC 0.62 157.77 0.79 4.33 0.98 100.96 1.22 5.96
HFSA 0.36 106.88 0.19 1.67 0.39 106.88 0.76 6.06
HFWA 0.16 817.44 0.10 1.19 1.30 817.44 NA NA
HHFC 0.07 393.33 0.03 0.29 0.27 393.33 0.67 5.73
HIFS 0.98 91.33 0.77 7.99 0.89 91.33 1.26 13.00
HLFC - NM 0.00 0.00 0.33 463.16 1.35 7.73
HMLK 0.33 301.56 0.15 0.84 1.01 301.56 0.58 4.44
HMNF NA NA NA NA 0.61 340.52 0.98 6.79
HOMF 0.64 104.49 0.55 6.25 0.67 101.25 1.38 16.20
HPBC - NM 0 0 1.47 NM 1.68 15.77
HRBF 0.83 37.43 0.53 4.21 0.31 37.43 0.75 5.77
HRZB - NM 0 0 0.84 NM 1.57 10.05
HTHR NA NA NA NA 1.56 NA 1.08 22.30
HWEN 1.23 64.10 1.63 9.61 0.79 38.73 0.81 4.55
HZFS 1.29 52.34 0.96 9.45 0.67 44.55 0.85 8.36
IBSF 0.38 130.18 0.11 0.64 0.49 130.18 0.79 4.36
ICBC 0.40 307.47 0.29 3.38 1.24 126.32 NA NA
IFSB NA NA NA NA 0.39 NA 0.59 8.70
INBI 0.23 236.04 0.23 1.35 0.54 155.81 1.48 8.38
INCB NA NA NA NA 0.94 NA 0.52 4.28
IPSW 0.55 176.11 0.95 18.29 0.96 77.31 1.18 20.68
ITLA 1.02 146.16 1.21 12.36 1.50 99.19 1.46 13.23
IWBK 0.56 132.39 0.69 10.26 0.74 62.65 1.09 16.51
JOAC 0.29 102.74 0.21 0.74 0.30 89.29 0.75 2.62
JSB NA NA NA NA 0.58 NA 2.43 10.55
JSBA 0.60 145.69 0.8 8.49 0.88 82.88 0.81 9.49
JXSB 1.17 43.32 0.94 9.05 0.51 42.01 0.59 5.69
JXVL 0.63 104.86 0.70 4.81 0.66 70.27 1.49 9.90
KFBI 0.03 932.65 0.02 0.1 0.24 932.65 1.07 6.11
KNK 0.72 122.13 0.89 8.10 0.88 49.02 0.87 8.04
KSAV 0.53 64.74 0.44 3.44 0.34 64.74 1.09 8.37
KSBK NA NA NA NA 1.12 NA 1.08 14.51
KYF 0.07 NM 0.04 0.22 0.77 348.65 1.13 6.77
LARK 0.07 949.09 0.15 1.08 0.62 151.09 1.08 7.63
LARL 0.54 225.09 0.42 3.96 1.22 203.92 1.40 13.45
LFBI 0.87 90.97 0.57 4.93 0.79 61.86 0.60 4.74
LFCO 1.60 50.2 1.59 11.98 0.8 39.19 3.61 31.20
LFED 0.05 566.67 0.03 0.20 0.30 453.33 1.21 7.36
LISB 1.24 73.47 0.89 9.66 0.91 62.67 0.86 9.45
LOGN 0.67 56.84 0.62 3.25 0.38 45.62 1.50 7.71
LONF 0.26 238.16 0.20 1.46 0.62 238.16 1.08 5.62
LSBI 1.16 70.58 1.01 11.81 0.82 70.58 0.80 9.09
LSBX 0.64 298.58 0.52 4.95 1.91 168.85 2.31 25.64
LVSB 1.74 81.82 1.27 13.11 1.42 57.56 1.43 13.46
LXMO 0.79 119.11 0.54 2.93 0.94 119.11 1.14 4.35
MAFB 0.31 182.92 0.26 3.40 0.57 138.86 1.14 14.69
MARN 1.24 104.88 1.43 6.91 1.30 74.17 1.58 7.09
MASB 0.65 131.79 0.19 1.71 0.86 131.79 1.12 10.51
MBB 2.51 28.39 1.61 16.49 0.71 22.76 0.29 3.11
MBBC 0.88 71.14 0.65 5.56 0.63 62.58 0.43 3.87
MBLF 0.81 62.09 0.48 3.75 0.51 62.09 0.81 6.31
MBSP 1.88 34.31 1.77 4.41 0.64 29.42 1.51 3.62
MCBN 0.93 71.43 0.85 10.25 0.66 48.53 0.75 8.91
MDBK 0.30 390.09 0.16 1.75 1.17 379.54 1.05 11.81
MECH 0.68 351.65 0.58 5.87 2.39 270.14 1.61 15.99
MERI 0.32 128.24 0.20 2.31 0.41 62.38 1.18 14.45
METF 0.39 203.47 0.52 13.09 0.79 108.45 0.69 17.58
MFBC - NM 0.00 0.00 0.18 162.45 0.83 6.04
MFFC 0.14 243.72 0.09 0.77 0.35 83.77 0.65 4.87
MFLR 1.12 132.79 0.65 6.68 1.49 124.95 1.11 11.51
MFSL 0.35 135.21 0.42 4.88 0.47 65.66 0.82 9.73
MIFC 0.39 105.32 0.21 2.23 0.41 105.32 1.21 13.06
MIVI 0.65 290.24 0.43 2.38 1.90 225.65 1.08 6.37
Exhibit 3
Selected Data on all Public Thrifts
Page 13 of 40
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. 18.60 18.60 0.00 14.32 18.78 21.92
MRKF Market Financial Corp. 35.56 35.56 0.00 23.72 35.65 64.07
MSBF MSB Financial Inc. 16.86 16.86 0.00 12.51 17.29 21.21
MSBK Mutual Savings Bank FSB 5.09 5.09 0.00 5.15 5.39 12.35
MWBI Midwest Bancshares Inc. 7.23 7.23 0.00 6.42 7.61 14.82
MWBX MetroWest Bank 7.35 7.35 0.00 7.49 8.69 11.25
MYST Mystic Financial Inc. 6.36 6.36 0.00 6.23 6.93 11.37
NASB NASB Financial Inc. 8.49 8.26 2.92 8.40 9.35 14.00
NBN Northeast Bancorp 8.26 7.58 9.00 7.58 9.26 12.34
NBSI North Bancshares Inc. 13.49 13.49 0.00 10.86 13.66 24.65
NEIB Northeast Indiana Bancorp 13.69 13.69 0.00 11.90 14.29 19.80
NEP Northeast PA Financial Corp. 7.63 7.63 0.00 7.20 8.02 14.80
NHTB New Hampshire Thrift Bncshrs 8.04 7.03 13.54 6.47 9.00 11.86
NMSB NewMil Bancorp Inc. 9.32 9.32 0.00 10.35 10.88 20.27
NSLB NS&L Bancorp Inc. 19.74 19.62 0.73 15.70 19.82 34.30
NSSY NSS Bancorp Inc. 8.14 7.92 2.94 7.80 9.10 15.87
NTBK Net.B@nk Inc. 36.60 36.60 0.00 28.30 37.08 47.8
NTMG Nutmeg Federal S&LA 8.25 8.25 0.00 8.15 8.73 13.42
NWEQ Northwest Equity Corp. 11.61 11.61 0.00 8.86 12.08 13.93
NWSB Northwest Bancorp Inc. (MHC) 9.25 8.29 11.26 8.32 9.87 16.77
OCFC Ocean Financial Corp. 14.27 14.27 0 11.91 14.7 29.90
OCN Ocwen Financial Corp. 13.67 13.23 3.71 10.66 14.56 14.83
OFCP Ottawa Financial Corp. 8.62 7.13 18.66 6.78 8.99 11.34
OHSL OHSL Financial Corp. 10.90 10.90 0.00 8.77 11.12 17.26
OSFS Ohio State Financial Services 27.08 27.08 0.00 27.08 27.45 46.45
OTFC Oregon Trail Financial Corp. 25.85 25.85 0.00 18.06 26.17 35.78
PBCI Pamrapo Bancorp Inc. 12.88 12.81 0.62 11.67 13.54 25.15
PBCT People's Bank (MHC) 8.67 8.63 0.52 8.80 9.72 13.00
PBHC Pathfinder Bancorp Inc. (MHC) 11.99 10.34 15.29 8.57 12.41 14.47
PBKB People's Bancshares Inc. 3.95 3.81 3.81 NA 4.51 NA
PCBC Perry County Financial Corp. 19.24 19.24 0.00 16.00 19.27 70.20
PDB Piedmont Bancorp Inc. 16.18 16.18 0.00 15.03 16.85 28.18
PEDE Great Pee Dee Bancorp 42.85 42.85 0.00 NA 43.29 NA
PEEK Peekskill Financial Corp. 25.24 25.24 0.00 NA 25.59 NA
PERM Permanent Bancorp Inc. 10.00 9.89 1.17 8.95 10.50 22.05
PERT Perpetual Bank (MHC) 10.48 10.48 0.00 9.44 11.15 15.57
PFDC Peoples Bancorp 15.26 15.26 0.00 12.20 15.57 24.80
PFED Park Bancorp Inc. 21.81 21.81 0.00 14.50 22.10 37.80
PFFB PFF Bancorp Inc. 9.70 9.62 0.99 8.12 10.64 15.65
PFFC Peoples Financial Corp. 18.85 18.85 0.00 16.62 19.03 36.47
PFNC Progress Financial Corp. 5.09 4.31 16.05 6.50 5.76 10.00
PFSB PennFed Financial Services Inc 6.96 6.02 14.31 6.93 7.15 15.20
PFSLD Pocahontas Bancorp Inc. 6.36 6.36 0.00 6.36 6.80 16.18
PHBK Peoples Heritage Finl Group 6.99 5.35 24.84 7.17 7.99 11.95
PHFC Pittsburgh Home Financial Corp 8.23 8.14 1.19 17.52 8.71 17.52
PHSB Peoples Home Savings Bk (MHC) 13.14 13.14 0.00 NA 13.78 NA
PKPS Poughkeepsie Financial Corp. 8.29 8.29 0.00 6.95 9.37 11.62
PLSK Pulaski Savings Bank (MHC) 11.93 11.93 0.00 11.93 12.44 28.28
PMFI Perpetual Midwest Financial 8.92 8.92 0.00 8.19 9.67 12.23
PRBC Prestige Bancorp Inc. 10.91 10.91 0.00 8.83 11.19 18.78
PROV Provident Financial Holdings 11.58 11.58 0.00 8.63 12.41 14.32
PSBK Progressive Bank Inc. 8.88 8.12 9.33 7.98 9.99 15.79
PSFC Peoples-Sidney Financial Corp. 24.74 24.74 0.00 16.70 25.13 27.10
PSFI PS Financial Inc. 26.28 26.28 0.00 25.86 26.50 65.39
PTRS Potters Financial Corp. 8.97 8.97 0.00 7.93 10.72 17.28
PULB Pulaski Bank, Svgs Bank (MHC) 13.41 13.41 0.00 13.38 13.78 26.90
PULS Pulse Bancorp 8.20 8.20 0.00 7.51 8.63 26.88
PVFC PVF Capital Corp. 7.28 7.28 0.00 7.32 7.98 10.53
PVSA Parkvale Financial Corp. 7.91 7.87 0.56 7.27 9.33 14.28
PWBC PennFirst Bancorp Inc. 7.52 6.76 10.91 6.80 8.05 19.98
PWBK Pennwood Bancorp Inc. 17.98 17.98 0.00 17.98 18.50 32.39
QCBC Quaker City Bancorp Inc. 8.63 8.63 0.00 7.30 9.56 13.19
QCFB QCF Bancorp Inc. 17.57 17.57 0.00 NA 18.41 NA
QCSB Queens County Bancorp Inc. 10.64 10.64 0.00 9.30 11.22 15.26
Profitability as of
Asset Quality as of The Most Recent Quarter The Most Recent Quarter
---------------------------------------------------------------------- --------------------------------
NPLs/ Reserves/ NPAs/ NPAs/ Reserves/ Reserves/ Return on Return on
Loans NPLs Assets Equity Loans NPAs + 90 Avg Assets Avg Equity
Ticker (%) (%) (%) (%) (%) (%) (%) (%)
- ------ ----------------------------------------------------------------------- -------------------------------
MONT 0.67 29.14 0.75 4.02 0.19 22.34 0.73 4.61
MRKF - NM 0.00 0.00 0.18 26.94 1.04 3.15
MSBF 0.02 NM 0.02 0.12 0.46 51.31 1.51 8.83
MSBK 0.08 754.41 0.07 1.38 0.62 434.66 (1.40) (24.99)
MWBI 0.84 73.86 0.73 10.15 0.62 52.45 0.87 12.56
MWBX 0.62 287.10 0.58 7.90 1.78 130.81 1.33 17.94
MYST 0.29 315.24 0.18 2.86 0.91 315.24 NA NA
NASB 2.93 33.69 3.07 36.15 0.99 27.86 1.67 21.15
NBN 1.29 94.16 1.24 15.04 1.21 80.05 0.66 8.47
NBSI - NM 0.00 0.00 0.26 NM 0.53 3.70
NEIB 0.66 102.40 0.59 4.30 0.68 101.79 1.21 8.12
NEP NA NA NA NA 0.56 135.14 NA NA
NHTB 0.34 349.43 0.44 5.45 1.18 146.88 0.88 11.44
NMSB 1.51 214.55 0.78 8.39 3.24 172.67 0.87 8.49
NSLB 0.02 612.50 0.01 0.07 0.14 36.57 0.72 3.63
NSSY 1.69 86.23 1.14 14.03 1.46 73.30 0.94 11.68
NTBK - NM 0 0 1.01 NM (15.77) (38.02)
NTMG 0.71 76.74 1.17 14.15 0.55 30.83 0.68 9.71
NWEQ 1.43 40.58 1.33 11.47 0.58 35.37 1.06 9.14
NWSB 0.72 117.54 0.72 7.83 0.85 86.28 0.94 9.80
OCFC 0.70 119.03 0.45 3.13 0.84 97.91 0.97 6.00
OCN 1.19 119.81 6.19 45.26 1.43 14.31 2.78 27.22
OFCP 0.28 158.32 0.27 3.09 0.44 109.69 0.87 9.93
OHSL 0.04 688.31 0.03 0.30 0.31 73.10 0.87 7.86
OSFS 0.68 83.93 0.44 1.61 0.57 83.93 0.98 6.13
OTFC 0.30 180.70 0.18 0.69 0.55 180.70 NA NA
PBCI 2.36 49.10 1.70 13.18 1.16 29.81 1.37 10.34
PBCT 0.96 163.86 0.68 7.85 1.57 153.86 1.18 13.92
PBHC 1.25 54.12 1.17 9.74 0.68 36.05 0.97 7.94
PBKB 1.03 101.37 0.57 14.41 1.04 98.78 0.83 16.65
PCBC 0.06 277.78 0.01 0.06 0.17 277.78 1.08 5.72
PDB 0.87 93.11 1.13 6.96 0.81 52.20 1.22 7.26
PEDE 0.56 102.58 0.45 1.06 0.57 97.55 NA NA
PEEK 2.90 46.24 0.77 3.03 1.34 39.49 1.09 4.23
PERM 1.25 77.05 0.70 7.05 0.97 70.95 0.62 6.54
PERT NA NA NA NA 1.02 NA 0.78 6.55
PFDC 0.28 133.33 0.25 1.67 0.37 102.04 1.49 9.78
PFED 0.49 147.06 0.23 1.04 0.73 125.00 0.87 3.84
PFFB 1.61 85.46 1.38 14.27 1.38 67.00 0.55 5.32
PFFC 0.02 NM 0.04 0.2 0.25 480.65 0.79 3.27
PFNC 0.63 157.35 0.50 9.83 1.00 63.33 0.92 17.51
PFSB 0.63 44.69 0.55 7.97 0.28 33.00 0.81 11.05
PFSLD 0.26 396.55 0.13 2.08 1.02 194.26 0.63 9.86
PHBK 0.90 155.33 0.75 10.78 1.40 114.30 1.28 16.45
PHFC 2.23 33.93 1.68 20.40 0.76 28.88 0.82 7.53
PHSB 0.80 173.17 0.38 2.93 1.38 146.58 0.79 7.33
PKPS 3.63 38.49 3.32 40.01 1.40 26.72 0.28 3.29
PLSK 0.86 102.47 0.53 4.43 0.89 95.10 0.64 6.01
PMFI 0.43 199.93 0.37 4.19 0.86 193.33 0.49 5.67
PRBC 0.63 65.96 0.43 3.91 0.42 65.96 0.59 5.12
PROV 1.07 90.34 1.41 12.19 0.96 56.25 0.78 5.74
PSBK 1.02 167.65 0.73 8.22 1.71 150.14 0.98 11.46
PSFC 0.94 47.72 0.82 3.33 0.45 34.69 1.14 5.75
PSFI 1.26 39.49 0.54 2.04 0.50 21.91 1.12 2.97
PTRS 0.25 NM 0.17 1.88 2.54 NM 1.00 10.73
PULB NA NA NA NA 0.46 NA 1.07 8.15
PULS 2.75 60.73 0.85 10.32 1.67 43.79 1.10 13.71
PVFC 0.73 102.9 0.96 13.14 0.75 65.77 1.36 19.17
PVSA 0.47 397.79 0.36 4.49 1.88 397.79 1.07 14.71
PWBC 0.93 151.98 0.45 5.98 1.41 117.30 0.68 8.64
PWBK 1.07 74.85 0.74 4.13 0.80 34.66 0.96 5.14
QCBC 1.41 83.43 1.33 15.40 1.18 70.08 0.73 8.37
QCFB 0.67 288.79 0.39 2.24 1.95 214.67 1.62 9.27
QCSB 0.43 154.61 0.44 4.16 0.67 108.40 1.61 12.95
Exhibit 3
Selected Data on all Public Thrifts
Page 14 of 40
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. 7.56 7.46 1.40 7.33 8.37 13.51
RCBK Richmond County Financial Corp 9.80 9.69 1.28 NA 10.36 NA
REDF RedFed Bancorp Inc. 8.34 8.32 0.35 7.81 9.11 11.94
RELI Reliance Bancshares Inc. 50.09 50.09 0.00 46.47 50.44 70.12
RELY Reliance Bancorp Inc. 8.55 5.99 31.90 5.53 8.94 14.29
RIVR River Valley Bancorp 12.72 12.56 1.43 12.47 13.59 20.85
ROSE TR Financial Corp. 6.27 6.27 0 6.26 6.66 18.61
RSLN Roslyn Bancorp Inc. 17.45 17.38 0.46 12.32 18.12 27.60
RVSB Riverview Bancorp Inc. 22.72 22.11 3.49 17.20 23.09 33.90
SBFL SB of the Finger Lakes (MHC) 8.75 8.75 0.00 8.57 9.22 21.12
SBOS Boston Bancorp (The) 12.34 12.34 0.00 10.06 12.45 26.75
SCBS Southern Community Bancshares 19.89 19.89 0.00 NA 21.02 NA
SCCB S. Carolina Community Bancshrs 20.68 20.68 0.00 18.30 21.33 38.90
SFED SFS Bancorp Inc. 12.29 12.29 0.00 12.28 12.73 23.78
SFFC StateFed Financial Corp. 17.66 17.66 0.00 10.66 17.91 18.94
SFIN Statewide Financial Corp. 9.61 9.60 0.16 8.96 10.03 22.93
SFSB SuburbFed Financial Corp. 6.73 6.71 0.29 5.99 6.93 13.32
SFSL Security First Corp. 9.36 9.23 1.50 8.17 10.12 11.33
SGVB SGV Bancorp Inc. 7.55 7.45 1.43 6.56 7.88 13.72
SHEN First Shenango Bancorp Inc. 12.76 12.76 0.00 10.42 13.63 20.25
SHSB SHS Bancorp Inc. 13.57 13.57 0.00 10.85 14.08 23.48
SIB Staten Island Bancorp Inc. 25.87 25.35 2.68 15.01 26.46 36.60
SISB SIS Bancorp Inc. 7.24 7.24 0.00 7.17 8.55 13.13
SKAN Skaneateles Bancorp Inc. 6.90 6.73 2.70 6.72 7.90 11.31
SKBO First Carnegie Deposit (MHC) 17.19 17.19 0.00 17.19 17.56 57.80
SMBC Southern Missouri Bancorp Inc. 16.60 16.60 0.00 13.75 17.08 24.95
SOBI Sobieski Bancorp Inc. 14.39 14.39 0.00 10.50 14.62 24.10
SOPN First Savings Bancorp Inc. 22.77 22.77 0 22.69 22.97 50.03
SOSA Somerset Savings Bank 6.65 6.65 0.00 6.76 8.07 10.80
SPBC St. Paul Bancorp Inc. 9.17 9.15 0.27 8.61 9.92 17.12
SRN Southern Banc Co. 17.37 17.25 0.83 NA 17.44 NA
SSB Scotland Bancorp Inc. 24.07 24.07 0.00 20.65 24.48 43.59
SSFC South Street Financial Corp. 14.90 14.90 0.00 14.43 15.09 41.97
SSM Stone Street Bancorp Inc. 28.75 28.75 0.00 25.37 29.28 43.23
STFR St. Francis Capital Corp. 8.27 7.44 10.85 7.41 8.65 12.20
STSA Sterling Financial Corp. 5.48 5.09 7.57 7.57 5.96 13.60
SVRN Sovereign Bancorp Inc. 5.43 4.66 14.89 5.24 6.06 12.15
SWBI Southwest Bancshares Inc. 11.96 11.96 0.00 8.20 12.17 13.82
SWCB Sandwich Bancorp Inc. 8.10 7.84 3.47 7.77 8.89 14.73
SZB SouthFirst Bancshares Inc. 9.67 9.45 2.54 8.69 10.15 20.24
THR Three Rivers Financial Corp. 13.46 13.43 0.34 11.60 13.98 22.42
THRD TF Financial Corp. 8.39 7.10 16.52 7.17 8.73 17.41
TPNZ Tappan Zee Financial Inc. 17.02 17.02 0.00 13.50 17.56 41.70
TRIC Tri-County Bancorp Inc. 15.36 15.36 0.00 13.30 15.82 35.01
TSBK Timberland Bancorp Inc. 8.68 8.68 0.00 11.15 9.28 16.05
TSBS Peoples Bancorp Inc. (MHC) 17.18 15.78 9.67 15.76 17.72 26.48
TSH Teche Holding Co. 13.54 13.54 0.00 12.21 14.36 22.76
TWIN Twin City Bancorp 12.89 12.89 0.00 11.33 13.01 20.61
UBMT United Financial Corp. 25.61 25.61 0.00 17.20 25.92 41.90
UCBC Union Community Bancorp 32.49 32.49 0.00 22.70 32.69 56.50
UFRM United Federal Savings Bank 7.23 7.23 0.00 7.21 8.16 10.10
USAB USABancshares Inc. 8.43 8.32 1.51 11.00 8.83 11.20
UTBI United Tennessee Bankshares 7.85 7.85 0.00 6.50 8.54 18.95
VABF Virginia Beach Fed. Financial 7.16 7.16 0.00 6.96 7.86 12.63
WAMU Washington Mutual Inc. 5.47 5.13 6.72 NA 6.17 NA
WAYN Wayne Savings Bancshares (MHC) 9.48 9.48 0.00 9.10 9.86 17.49
WBST Webster Financial Corp. 5.44 4.78 12.80 5.61 6.19 13.41
WCBI Westco Bancorp Inc. 15.38 15.38 0.00 13.43 15.66 29.32
WCFB Webster City Federal SB (MHC) 23.50 23.50 0.00 23.50 23.90 54.01
WEFC Wells Financial Corp. 14.71 14.71 0.00 NA NA NA
WEHO Westwood Homestead Fin. Corp. 22.45 22.45 0.00 21.80 22.65 40.36
WES Westcorp 9.35 9.33 0.24 9.48 10.26 12.24
WFI Winton Financial Corp. 7.39 7.27 1.84 7.10 7.64 11.10
WFSL Washington Federal Inc. 12.90 12.01 7.77 11.08 13.31 20.27
Profitability as of
Asset Quality as of The Most Recent Quarter The Most Recent Quarter
---------------------------------------------------------------------- --------------------------------
NPLs/ Reserves/ NPAs/ NPAs/ Reserves/ Reserves/ Return on Return on
Loans NPLs Assets Equity Loans NPAs + 90 Avg Assets Avg Equity
Ticker (%) (%) (%) (%) (%) (%) (%) (%)
- ------ ----------------------------------------------------------------------- -------------------------------
RARB 0.34 365.19 0.23 3.06 1.23 349.74 1.02 13.13
RCBK NA NA NA NA 1.12 NA NA NA
REDF 1.36 62.87 1.69 20.25 0.86 45.34 1.12 13.43
RELI - NM 0.00 0.00 0.57 NM 1.07 2.18
RELY 1.15 76.23 0.54 6.35 0.88 69.33 0.90 10.92
RIVR 0.79 133.67 0.71 5.56 1.05 122.47 0.80 6.79
ROSE 0.85 84.84 0.48 7.73 0.72 74.9 0.98 15.86
RSLN 0.65 370.82 0.18 1.06 2.42 362.05 1.01 5.49
RVSB 0.27 218.00 0.17 0.73 0.58 218.00 1.40 9.76
SBFL 0.91 106.00 0.50 5.69 0.96 93.11 0.38 4.03
SBOS 1.41 42.86 0.65 5.23 0.61 18.09 1.89 21.12
SCBS 3.30 52.44 2.17 10.90 1.73 48.64 1.20 5.66
SCCB 1.64 49.66 1.53 7.41 0.81 42.40 1.00 3.95
SFED 0.99 58.58 0.82 6.71 0.58 53.36 0.63 5.04
SFFC 1.89 17.52 1.74 9.86 0.33 14.72 1.27 7.21
SFIN 0.67 126.02 0.4 4.14 0.84 96.26 0.82 8.74
SFSB 0.51 58.49 0.37 5.53 0.30 42.37 0.66 10.03
SFSL 0.48 176.82 0.43 4.62 0.84 176.70 1.37 14.73
SGVB 1.15 36.53 1.23 16.25 0.42 26.58 0.33 4.46
SHEN 1.07 116.66 1.04 8.11 1.25 83.27 1.15 10.20
SHSB 1.77 44.57 1.19 8.80 0.79 43.23 0.08 1.10
SIB 1.94 73.70 0.83 3.20 1.43 71.34 0.70 7.79
SISB 0.76 350.9 0.44 6.12 2.67 279.99 0.68 9.53
SKAN 1.81 65.84 1.89 27.38 1.19 52.90 0.68 9.78
SKBO 1.12 76.50 0.50 2.89 0.85 47.72 0.63 4.49
SMBC 1.07 61.51 0.83 4.98 0.66 58.44 0.85 5.25
SOBI 0.11 259.74 0.26 1.82 0.29 87.34 0.61 3.95
SOPN 0.30 101.34 0.2 0.87 0.30 101.34 1.75 7.43
SOSA 4.89 37.37 4.86 73.11 1.83 29.23 1.16 18.38
SPBC 0.20 533.34 0.17 1.91 1.06 308.50 1.09 12.24
SRN - NM 0.00 0.00 0.19 NM 0.47 2.76
SSB - NM 0.00 0.00 0.57 NM 1.66 5.21
SSFC 0.30 124.71 0.16 1.06 0.38 118.51 0.85 3.41
SSM - NM 0.00 0.00 0.61 193.22 1.45 4.52
STFR 0.42 190.95 0.21 2.59 0.81 126.18 0.78 9.55
STSA 0.45 182.65 0.73 13.34 0.83 65.29 0.56 10.35
SVRN 0.81 112.56 0.63 11.52 0.91 94.38 0.58 10.58
SWBI 0.25 115.50 0.18 1.52 0.29 115.50 1.09 9.94
SWCB 0.63 176.50 0.56 6.95 1.11 140.03 0.98 12.38
SZB 0.35 221.35 0.29 3.02 0.78 37.22 0.57 4.45
THR 1.41 56.61 0.95 7.04 0.80 47.87 0.88 6.45
THRD 0.55 146.82 0.29 3.46 0.80 117.08 0.77 7.39
TPNZ 2.56 45.98 1.19 6.99 1.18 39.34 0.84 4.85
TRIC - NM 0.00 0.00 1.01 NM 1.02 6.72
TSBK 2.87 32.79 3.03 34.97 0.94 19.72 1.55 13.76
TSBS 1.18 72.46 0.78 4.54 0.85 68.34 1.18 6.99
TSH 0.44 219.88 0.38 2.84 0.97 215.27 0.98 7.31
TWIN - NM 0.08 0.59 0.16 131.58 1.01 7.85
UBMT - NM 0.05 0.21 0.80 133.33 1.30 5.39
UCBC 0.07 484.62 0.07 0.23 0.32 257.14 1.38 8.1
UFRM 0.97 114.45 0.91 12.62 1.10 88.10 0.64 8.70
USAB 1.07 70.22 0.57 6.75 0.75 70.22 0.53 4.57
UTBI - NM 0.02 0.27 1.29 74.91 0.92 10.50
VABF 0.02 NM 0.40 5.60 0.92 61.96 0.67 9.82
WAMU 0.89 111.49 0.83 15.19 0.99 83.12 0.52 9.21
WAYN 0.13 368.58 0.43 4.58 0.46 83.22 0.75 7.99
WBST 0.96 139.06 0.65 12.00 1.34 114.22 0.53 9.72
WCBI 0.25 147.79 0.19 1.26 0.37 147.79 1.51 9.81
WCFB - NM 0.06 0.26 0.70 652.54 1.45 6.18
WEFC NA NA NA NA NA NA 1.09 7.67
WEHO - NM 0.00 0.00 0.23 171.61 0.66 2.23
WES 1.06 171.01 0.70 7.49 1.81 129.53 1.04 11.04
WFI 0.07 398.08 0.22 2.94 0.29 100.24 1.09 15.13
WFSL 0.44 126.40 0.60 4.63 0.56 69.21 1.89 15.51
Exhibit 3
Selected Data on all Public Thrifts
Page 15 of 40
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 (%) (%) (%) (%) (%)
- ----------------------------------------- -----------------------------------------------------------------------------------------
WHGB WHG Bancshares Corp. 19.65 19.65 0.00 15.82 19.84 31.97
WOFC Western Ohio Financial Corp. 14.68 13.85 6.56 11.40 15.73 21.60
WRNB Warren Bancorp Inc. 10.79 10.79 0.00 9.21 11.89 12.53
WSB Washington Savings Bank, FSB 8.67 8.67 0.00 8.16 9.12 21.80
WSBI Warwick Community Bancorp 10.17 10.17 0.00 9.76 10.63 19.91
WSFS WSFS Financial Corp. 5.73 5.69 0.64 6.93 7.37 11.05
WSTR WesterFed Financial Corp. 10.40 8.62 18.75 7.83 10.88 13.29
WVFC WVS Financial Corp. 10.66 10.66 0.00 10.78 11.29 22.03
WYNE Wayne Bancorp Inc. 12.57 12.57 0.00 10.33 13.37 23.82
YFCB Yonkers Financial Corp. 13.54 13.54 0.00 11.60 13.89 30.79
YFED York Financial Corp. 8.86 8.86 0.00 7.70 9.52 12.36
- ----------------------------------------- -----------------------------------------------------------------------------------------
Average 12.71 12.47 2.97 10.97 13.32 21.87
Median 10.51 10.45 - 9.16 11.19 17.62
Profitability as of
Asset Quality as of The Most Recent Quarter The Most Recent Quarter
---------------------------------------------------------------------- --------------------------------
NPLs/ Reserves/ NPAs/ NPAs/ Reserves/ Reserves/ Return on Return on
Loans NPLs Assets Equity Loans NPAs + 90 Avg Assets Avg Equity
Ticker (%) (%) (%) (%) (%) (%) (%) (%)
- ------ ----------------------------------------------------------------------- -------------------------------
WHGB 1.21 19.59 0.95 4.85 0.24 19.59 0.76 3.61
WOFC 0.71 196.59 0.55 3.76 1.39 191.22 0.05 0.34
WRNB 0.44 381.43 0.83 7.68 1.68 132.18 2.03 19.53
WSB NA NA NA NA 0.99 NA 0.77 9.10
WSBI 1.02 78.04 0.67 6.63 0.80 67.04 NA NA
WSFS 1.75 179.85 1.23 21.48 3.15 117.68 1.11 20.25
WSTR 0.44 164.57 0.29 2.82 0.73 136.97 0.78 7.16
WVFC 0.36 312.48 0.2 1.91 1.14 312.48 1.31 10.96
WYNE 1.32 90.76 0.92 7.28 1.20 87.82 0.76 5.63
YFCB 0.96 85.97 0.49 3.63 0.82 71.78 1.05 7.11
YFED 0.08 921.36 1.01 11.41 0.75 29.20 0.95 11.22
- -----------------------------------------------------------------------------------------------------------------------
0.75 180.85 0.65 6.98 0.89 133.75 0.90 8.61
0.62 122.13 0.49 4.41 0.81 91.33 0.92 8.22
Exhibit 3
Selected Data on all Public Thrifts
Page 16 of 40
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
ATSB AmTrust Capital Corp. 10.83 10.73 0.99 10.00 11.55 17.00
CKFB CKF Bancorp Inc. 21.89 21.89 0.00 19.59 22.09 34.13
FFBI First Financial Bancorp Inc. 9.23 9.23 0.00 8.67 9.87 15.38
FFDF FFD Financial Corp. 24.06 24.06 0.00 16.40 24.35 32.70
FTSB Fort Thomas Financial Corp. 15.82 15.82 0.00 15.04 16.29 24.15
HCFC Home City Financial Corp. 19.49 19.49 0.00 15.20 20.12 26.59
KYF Kentucky First Bancorp Inc. 17.02 17.02 0.00 14.50 17.47 27.06
LOGN Logansport Financial Corp. 19.21 19.21 0.00 19.10 19.49 35.37
MSBF MSB Financial Inc. 16.86 16.86 0.00 12.51 17.29 21.21
NSLB NS&L Bancorp Inc. 19.74 19.62 0.73 15.70 19.82 34.30
PFFC Peoples Financial Corp. 18.85 18.85 0.00 16.62 19.03 36.47
SFFC StateFed Financial Corp. 17.66 17.66 0.00 10.66 17.91 18.94
- ----------------------------------------- ----------------------------------------------------------------------------------------
Average 17.56 17.54 0.14 14.50 17.94 26.94
Median 18.26 18.26 0.00 15.12 18.47 26.83
Maximum 24.06 24.06 0.99 19.59 24.35 36.47
Minimum 9.23 9.23 0.00 8.67 9.87 15.38
MIVI * Mississippi View Holding Co. 18.18 18.18 0.00 16.36 19.44 33.09
* Pricing data is based upon the last trade
on NASDAQ, the Bank's
most current price is $18.50 (0.08) (0.08) 0.00 1.24 0.97 6.27
Variance to the Comparable Median
Profitability as of
Asset Quality as of The Most Recent Quarter The Most Recent Quarter
---------------------------------------------------------------------- --------------------------------
NPLs/ Reserves/ NPAs/ NPAs/ Reserves/ Reserves/ Return on Return on
Loans NPLs Assets Equity Loans NPAs + 90 Avg Assets Avg Equity
Ticker (%) (%) (%) (%) (%) (%) (%) (%)
- ------ ----------------------------------------------------------------------- -------------------------------
ATSB 2.37 43.83 1.81 16.68 1.04 40.38 0.41 3.87
CKFB 0.12 189.39 0.10 0.48 0.22 42.66 1.82 7.74
FFBI 1.50 64.36 1.00 10.81 0.97 64.36 0.14 1.65
FFDF 0.07 642.86 0.05 0.19 0.42 642.86 1.83 7.49
FTSB 2.22 23.24 2.04 12.88 0.52 23.24 1.23 7.53
HCFC 0.41 174.52 0.36 1.85 0.72 174.52 1.39 9.15
KYF 0.07 NM 0.04 0.22 0.77 348.65 1.13 6.77
LOGN 0.67 56.84 0.62 3.25 0.38 45.62 1.50 7.71
MSBF 0.02 NM 0.02 0.12 0.46 51.31 1.51 8.83
NSLB 0.02 612.50 0.01 0.07 0.14 36.57 0.72 3.63
PFFC 0.02 NM 0.04 0.20 0.25 480.65 0.79 3.27
SFFC 1.89 17.52 1.74 9.86 0.33 14.72 1.27 7.21
- ----------------------------------------------------------------------------------------------------------------------
0.78 202.78 0.65 4.72 0.52 163.80 1.15 6.24
0.27 64.36 0.23 1.17 0.44 48.47 1.25 7.35
2.37 642.86 2.04 16.68 1.04 642.86 1.83 9.15
0.02 17.52 0.01 0.07 0.14 14.72 0.14 1.65
0.65 290.24 0.43 2.38 1.90 225.65 1.08 6.37
0.39 225.88 0.20 1.22 1.46 177.19 (0.17) (0.98)
Page 17 of 40
Exhibit 3
Selected Data on all Public Thrifts
Income Statement as of The Most Recent Quarter
---------------------------------------------------------------------------------------------
Net Interest Interest Net Interest Noninterest Noninterest
Interest Income/ Expense/ Income/ Income/ Expense/ Efficiency Overhead
Margin Avg Assets Avg Assets Avg Assets Avg Assets Avg Assets Ratio Ratio
Ticker Short Name (%) (%) (%) (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------------
%CAL California Federal Bank 2.63 6.91 4.50 2.41 1.02 2.27 62.36 46.37
%CCMD Chevy Chase Bank, FSB 3.89 7.14 3.89 3.25 5.86 7.60 79.02 41.20
AABC Access Anytime Bancorp Inc. 3.08 6.77 3.88 2.90 0.65 3.24 91.18 89.20
ABBK Abington Bancorp Inc. 3.39 7.24 4.01 3.23 0.82 2.67 63.80 54.63
ABCL Alliance Bancorp 2.92 7.13 4.32 2.81 1.20 2.62 64.89 49.95
ABCW Anchor BanCorp Wisconsin 3.10 7.66 4.68 2.97 0.68 2.07 57.34 47.55
AFBC Advance Financial Bancorp 3.88 7.70 3.92 3.78 0.33 2.72 66.71 63.79
AFCB Affiliated Community Bancorp 3.35 7.49 4.23 3.26 0.16 1.65 48.43 45.96
AFED AFSALA Bancorp Inc. 3.56 7.00 3.61 3.39 0.24 2.30 63.33 60.73
AHCI Ambanc Holding Co. 3.32 7.23 4.00 3.24 0.21 2.48 69.81 67.82
AHM H.F. Ahmanson & Co. 2.69 7.12 4.54 2.58 0.53 1.75 49.55 39.19
ALBC Albion Banc Corp. 3.56 7.51 4.17 3.34 0.48 2.96 78.97 75.95
ALBK ALBANK Financial Corp. 3.96 7.39 3.64 3.75 0.38 2.32 52.70 47.95
ALLB Alliance Bank (MHC) 3.55 7.17 3.74 3.42 0.24 2.37 64.71 62.22
AMFC AMB Financial Corp. 3.69 7.69 4.08 3.61 0.57 2.89 69.04 64.14
ANA Acadiana Bancshares Inc. 3.61 7.58 4.05 3.53 0.39 2.19 60.13 55.78
ANDB Andover Bancorp Inc. 3.22 7.28 4.17 3.10 0.43 1.84 49.95 43.09
ANE Alliance Bncp of New England 3.57 7.14 3.74 3.40 0.49 2.80 67.15 62.41
ASBI Ameriana Bancorp 3.17 7.45 4.40 3.04 0.54 2.27 63.37 56.82
ASBP ASB Financial Corp. 3.28 7.58 4.35 3.23 0.26 2.12 60.85 57.75
ASFC Astoria Financial Corp. 2.70 6.98 4.39 2.59 0.18 1.40 45.20 41.32
ATSB AmTrust Capital Corp. 2.82 7.04 4.35 2.69 0.55 2.87 88.31 85.91
AVND Avondale Financial Corp. 4.50 8.80 4.62 4.19 0.96 3.73 73.25 67.14
BANC BankAtlantic Bancorp Inc. 3.75 7.63 4.17 3.46 0.82 2.96 67.01 59.18
BDJI First Federal Bancorp. 3.30 7.27 4.13 3.13 0.53 2.54 68.86 63.59
BFD BostonFed Bancorp Inc. 3.40 7.21 3.93 3.27 0.39 2.27 65.01 60.83
BFFC Big Foot Financial Corp. NA NA NA NA NA NA NA NA
BFSB Bedford Bancshares Inc. 4.03 7.75 3.90 3.86 0.45 2.31 53.74 48.37
BKC American Bank of Connecticut 3.32 7.23 4.03 3.20 0.57 1.81 45.02 35.13
BKCT Bancorp Connecticut Inc. 3.80 7.54 3.83 3.71 0.31 2.06 50.86 46.73
BKUNA BankUnited Financial Corp. 2.00 7.17 5.25 1.93 0.17 1.38 63.22 59.91
BNKU Bank United Corp. 2.48 7.27 4.94 2.34 0.49 1.60 55.49 46.09
BPLS Bank Plus Corp. 2.28 6.99 4.77 2.22 0.34 2.02 71.75 67.39
BRKL Brookline Bancorp (MHC) 3.96 7.86 3.92 3.94 0.17 1.14 28.95 25.96
BTHL Bethel Bancorp 4.47 8.57 4.34 4.24 0.80 3.89 74.42 69.60
BVCC Bay View Capital Corp. 2.86 7.74 4.95 2.79 0.38 2.11 63.65 58.72
BWFC Bank West Financial Corp. 3.06 7.32 4.43 2.89 0.57 2.60 75.13 70.24
BYFC Broadway Financial Corp. 4.47 7.51 3.18 4.33 0.39 3.99 80.80 79.06
BYS Bay State Bancorp 3.73 7.71 4.06 3.64 0.12 2.74 72.74 71.82
CAFI Camco Financial Corp. 3.56 7.67 4.29 3.38 0.45 2.37 61.18 56.01
CAPS Capital Savings Bancorp Inc. 3.33 7.63 4.41 3.23 0.61 2.22 57.96 50.01
CASB Cascade Financial Corp. 3.06 7.92 4.96 2.95 0.36 2.26 67.75 63.83
CASH First Midwest Financial Inc. 3.26 7.69 4.55 3.15 0.37 1.96 52.84 47.23
CATB Catskill Financial Corp. 4.14 7.29 3.23 4.06 0.14 1.91 46.03 44.13
CAVB Cavalry Bancorp Inc. 5.21 8.39 3.55 4.84 0.97 4.01 69.14 62.96
CBCI Calumet Bancorp Inc. 3.92 7.87 4.24 3.63 0.17 1.23 50.67 48.35
CBES CBES Bancorp Inc. 4.51 8.21 3.85 4.36 0.44 3.14 64.32 60.71
CBK Citizens First Financial Corp. 3.36 7.59 4.38 3.20 0.39 2.59 71.92 68.54
CBSA Coastal Bancorp Inc. 2.02 6.93 4.97 1.96 0.21 1.45 62.24 58.16
CBSB Charter Financial Inc. 3.82 7.67 4.05 3.62 0.61 2.30 50.32 41.87
CCFH CCF Holding Co. 3.65 7.12 3.67 3.45 0.78 4.44 104.91 106.03
CEBK Central Co-operative Bank 3.51 7.14 3.75 3.39 0.22 2.47 65.76 63.50
CENB Century Bancorp Inc. 3.77 7.18 3.53 3.65 0.04 1.21 33.21 32.49
CENF CENFED Financial Corp. 2.33 7.26 5.00 2.26 0.36 1.53 55.66 48.64
CFB Commercial Federal Corp. 2.58 7.41 4.96 2.45 0.87 1.73 49.11 31.01
CFBC Community First Banking Co. 4.20 8.06 4.05 4.01 0.97 3.90 78.00 72.68
CFCP Coastal Financial Corp. 3.96 7.89 4.18 3.71 0.70 2.62 58.94 51.19
CFFC Community Financial Corp. 3.91 7.79 4.07 3.72 0.40 2.16 52.33 47.23
CFNC Carolina Fincorp Inc. 4.06 7.40 3.50 3.90 0.47 2.50 57.15 51.97
CFSB CFSB Bancorp Inc. 3.06 7.4 4.39 3 0.63 1.87 51.34 41.12
CFTP Community Federal Bancorp 3.53 6.92 3.48 3.44 0.12 1.49 42.11 40.17
CFX CFX Corp. 3.95 7.43 3.77 3.66 0.68 2.77 62.72 55.84
CIBI Community Investors Bancorp 3.48 7.71 4.32 3.39 0.18 1.98 54.22 51.84
CKFB CKF Bancorp Inc. 3.75 7.46 3.80 3.66 0.10 1.67 42.50 40.92
Balance Sheet Growth as of the MRQ Market Data as of The Most Recent Quarter
-------------------------------------- ---------------------------------------------------------------------------------
Asset Loan Deposit MRQ MRQ MRQ MRQ MRQ Publicly MRQ Tangible
Growth Growth Growth Market Price Price Price Reported Publicly Rep
Rate Rate Rate Value Per Share High Low Book Value Book Value
Ticker (%) (%) (%) ($) ($) ($) ($) ($) ($)
- ------- -------------------------------------- ------------ --------------------------------------------------------------------
%CAL 83.69 79.23 89.33 NA NA NA NA NA NA
%CCMD (0.26) (25.07) 18.75 NA NA NA NA NA NA
AABC 0.34 26.63 (0.77) 14.00 11.00 11.250 5.147 7.510 7.51
ABBK 9.25 10.74 8.15 80.92 21.00 22.000 9.500 9.990 9.09
ABCL 104.18 57.49 120.93 223.62 26.50 28.375 16.500 16.320 16.13
ABCW 3.85 7.04 3.84 406.77 36.38 37.000 17.750 14.250 14.02
AFBC 7.81 12.70 6.71 21.01 17.38 17.875 12.750 15.160 15.16
AFCB 11.90 9.50 11.74 251.36 37.75 37.750 17.300 17.610 17.52
AFED 7.05 5.61 8.29 28.60 19.25 19.500 12.000 16.350 16.35
AHCI 8.05 13.28 11.80 82.36 18.75 19.500 11.375 14.210 14.21
AHM (6.46) (4.09) -7.21 8,761.96 66.94 66.938 32.000 20.570 17.56
ALBC 11.05 10.69 13.24 8.06 13.33 13.583 5.500 8.200 8.20
ALBK 16.46 11.29 15.62 651.80 51.44 51.438 30.500 27.860 21.64
ALLB 10.25 11.64 10.53 114.54 31.00 32.500 10.125 8.910 8.91
AMFC 16.14 14.44 18.83 16.63 15.88 17.750 12.750 15.330 15.33
ANA 4.80 16.34 (0.01) 59.55 23.38 24.750 14.875 17.260 17.26
ANDB 9.79 12.85 14.88 207.03 40.25 42.000 25.000 20.720 20.72
ANE 6.39 7.47 7.84 36.20 16.50 18.000 8.719 11.490 11.17
ASBI (1.48) 4.18 1.10 66.68 19.88 22.000 15.250 13.740 13.73
ASBP 1.21 11.79 3.89 23.31 13.25 13.875 11.500 10.590 10.59
ASFC 44.76 63.87 37.84 1,580.07 55.75 58.125 34.750 32.420 22.56
ATSB (4.31) (5.50) (7.14) 7.91 13.88 14.500 10.000 14.660 14.51
AVND (8.96) (24.12) 20.10 52.35 16.25 18.875 12.750 13.830 13.83
BANC 17.61 13.55 (3.77) 356.05 16.75 17.125 12.125 8.040 7.02
BDJI 8.30 7.67 0.75 19.84 22.00 22.000 11.667 12.110 12.11
BFD 18.78 17.97 44.54 134.22 21.88 22.313 14.375 15.720 15.15
BFFC NA NA NA 52.45 21.00 NA NA 15.090 15.09
BFSB 5.64 5.49 7.38 31.99 34.00 34.500 17.500 18.280 18.28
BKC 14.43 1.60 14.47 134.33 48.75 49.500 27.375 24.820 24.00
BKCT 5.63 3.81 1.85 102.48 21.00 25.000 10.750 9.220 9.22
BKUNA 127.89 154.94 64.45 207.81 15.41 15.625 8.500 9.130 8.11
BNKU 13.24 21.31 5.81 1,658.77 48.94 49.875 24.250 19.390 18.90
BPLS 25.15 4.53 15.86 290.51 12.63 13.750 9.625 9.360 8.52
BRKL 5.40 7.14 2.07 512.80 NA NA NA NA NA
BTHL 4.55 0.81 (1.91) 15.15 13.25 13.250 10.750 13.710 11.51
BVCC (1.63) (3.68) (4.92) 705.16 36.25 36.250 20.625 14.380 11.94
BWFC 18.43 16.81 12.42 38.04 16.13 17.500 7.000 8.830 8.83
BYFC 6.39 8.27 6.00 10.79 11.50 11.500 9.000 14.770 14.77
BYS 6.02 10.83 4.86 77.01 NA NA NA NA NA
CAFI 10.89 14.78 6.76 89.27 25.50 27.000 14.048 15.220 14.12
CAPS 2.77 6.22 5.55 43.50 25.25 25.250 12.750 12.080 12.08
CASB 21.40 34.68 33.19 50.92 13.25 16.800 11.600 8.630 8.63
CASH 10.19 3.58 11.49 62.92 22.50 22.625 15.000 16.390 14.62
CATB 6.90 1.08 4.06 82.48 18.88 19.125 13.750 15.480 15.48
CAVB 15.17 6.09 15.72 180.92 NA NA NA NA NA
CBCI (4.62) (0.98) (2.48) 112.70 33.25 34.000 21.667 25.980 25.98
CBES 21.22 20.33 23.63 22.79 22.25 22.500 14.000 17.080 17.08
CBK 4.57 8.44 (1.73) 51.54 20.25 20.250 13.875 16.600 16.60
CBSA 1.23 2.58 4.90 174.06 34.88 34.875 22.375 20.670 17.57
CBSB 0.61 4.00 5.38 140.74 25.13 25.500 12.500 14.240 12.75
CCFH 41.26 52.55 36.94 19.40 20.13 20.125 13.409 13.070 13.07
CEBK 13.20 13.49 6.48 63.62 28.50 30.250 15.875 18.350 16.59
CENB 4.25 14.69 3.76 44.91 84.75 85.000 62.000 75.700 75.70
CENF 1.12 1.88 (0.46) 283.77 45.00 45.000 25.909 22.580 22.55
CFB 4.68 4.64 (3.90) 1,491.24 35.56 36.500 20.750 14.060 12.68
CFBC NA NA NA 100.70 37.75 37.750 31.875 31.490 31.07
CFCP 24.21 9.75 6.74 112.18 24.50 27.750 14.438 7.210 7.21
CFFC 9.73 8.31 16.53 40.95 13.81 13.813 10.500 9.760 9.72
CFNC 6.99 14.94 9.24 33.94 18.50 18.500 13.313 14.060 14.06
CFSB 2.78 5.16 1.6 218.99 26.25 26.25 11.515 8.88 8.88
CFTP 10.99 9.60 2.10 85.63 20.25 21.000 16.375 14.730 14.73
CFX 21.29 28.62 10.90 806.38 30.63 30.625 15.125 10.210 9.85
CIBI 0.09 12.57 6.96 17.15 16.16 17.000 10.333 12.310 12.31
CKFB 4.77 5.12 0.98 17.12 18.50 20.500 17.500 17.140 17.14
Page 18 of 40
Exhibit 3
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. 3.85 7.25 3.62 3.62 0.35 2.98 71.98 69.30
CMRN Cameron Financial Corp 3.94 7.96 4.19 3.77 0.11 1.91 49.12 47.69
CMSB Commonwealth Bancorp Inc. 3.36 6.93 3.79 3.14 0.62 2.95 71.15 65.50
CMSV Community Savings Bnkshrs(MHC) 4.07 7.26 3.95 3.31 0.52 2.68 70.47 65.86
CNIT CENIT Bancorp Inc. 3.27 7.28 4.20 3.08 0.73 2.42 61.48 52.36
CNSB CNS Bancorp Inc. 3.65 7.22 3.73 3.49 0.18 2.34 64.14 62.35
CNY Carver Bancorp Inc. 3.13 6.48 3.52 2.96 0.33 2.45 72.86 69.86
COFI Charter One Financial 2.93 7.38 4.55 2.82 0.71 1.66 46.26 32.79
CONE Conestoga Bancorp, Inc. 3.13 6.65 3.75 2.89 0.17 1.93 63.13 60.99
COOP Cooperative Bankshares Inc. 2.90 7.08 4.27 2.81 0.16 1.96 65.73 63.83
CRSB Crusader Holding Corp. NA NA NA NA NA NA NA NA
CRZY Crazy Woman Creek Bancorp 3.58 7.35 3.83 3.53 0.14 1.72 47.02 44.92
CSBF CSB Financial Group Inc. 3.35 6.65 3.41 3.24 0.22 2.73 75.34 73.70
CTZN CitFed Bancorp Inc. 2.40 6.93 4.66 2.27 1.06 1.96 55.38 34.52
CVAL Chester Valley Bancorp Inc. 3.80 7.70 3.98 3.72 0.39 2.58 62.82 58.91
DCBI Delphos Citizens Bancorp Inc. 3.98 7.43 3.52 3.91 0.25 1.71 41.11 37.30
DIBK Dime Financial Corp. 3.33 7.30 4.03 3.27 0.24 1.56 42.98 38.86
DIME Dime Community Bancorp Inc. 3.88 7.33 3.64 3.69 0.26 2.07 47.09 43.38
DME Dime Bancorp Inc. 2.51 6.85 4.46 2.39 0.51 1.69 56.68 47.40
DNFC D & N Financial Corp. 3.08 7.73 4.72 3.01 0.41 2.12 61.90 56.72
DSL Downey Financial Corp. 2.83 7.34 4.65 2.69 0.32 1.52 57.73 52.72
EBI Equality Bancorp Inc. 2.42 6.75 4.42 2.33 0.62 2.68 90.79 88.35
EBSI Eagle Bancshares 4.09 8.25 4.53 3.72 1.62 3.90 77.84 68.21
EFBC Empire Federal Bancorp Inc. 4.28 6.97 2.82 4.15 0.78 2.54 51.60 42.54
EFBI Enterprise Federal Bancorp 2.80 7.53 4.79 2.74 0.05 1.58 56.14 55.27
EGFC Eagle Financial Corp. 3.20 7.02 3.97 3.05 0.35 2.02 51.89 46.34
EGLB Eagle BancGroup Inc. 2.53 7.17 4.72 2.45 0.19 2.18 83.01 81.66
EMLD Emerald Financial Corp. 2.87 7.55 4.75 2.80 0.31 1.57 49.63 44.01
EQSB Equitable Federal Savings Bank 2.48 7.31 4.90 2.41 0.50 1.68 59.44 50.94
ESBK Elmira Savings Bank (The) 3.71 7.58 4.06 3.52 0.85 3.36 74.99 68.92
ESX Essex Bancorp Inc. 2.99 7.80 4.97 2.84 1.34 4.12 93.36 90.23
ETFS East Texas Financial Services 3.04 6.95 3.98 2.97 0.19 2.25 71.07 69.18
FAB FIRSTFED AMERICA BANCORP INC. 2.98 7.12 4.26 2.86 0.47 2.06 61.60 55.32
FBBC First Bell Bancorp Inc. 2.45 7.03 4.62 2.41 0.08 0.72 28.99 26.66
FBCI Fidelity Bancorp Inc. 3.00 7.36 4.42 2.94 0.24 1.86 58.28 54.91
FBCV 1ST Bancorp 2.59 7.52 5.04 2.48 0.43 2.29 75.23 70.91
FBER 1st Bergen Bancorp 3.44 7.16 3.83 3.33 0.11 2.10 60.88 59.63
FBHC Fort Bend Holding Corp. 3.24 6.97 4.00 2.97 1.83 3.98 84.03 74.22
FBNW FirstBank Corp. 4.37 8.20 4.08 4.11 0.83 3.86 78.20 73.82
FBSI First Bancshares Inc. 3.57 7.67 4.26 3.40 0.31 1.94 53.39 49.19
FCB Falmouth Bancorp Inc. 4.12 7.08 3.07 4.00 0.17 2.85 68.26 66.93
FCBF FCB Financial Corp. 3.46 7.74 4.34 3.40 0.38 1.82 48.07 42.34
FCME First Coastal Corp. 4.32 7.92 3.91 4.01 0.41 3.38 75.32 72.78
FDEF First Defiance Financial 4.20 7.82 3.81 4.01 0.25 2.51 57.91 55.28
FED FirstFed Financial Corp. 2.39 7.25 4.95 2.30 0.23 1.07 41.43 35.55
FESX First Essex Bancorp Inc. 3.31 7.59 4.42 3.18 0.25 2.01 55.12 51.52
FFBA First Colorado Bancorp Inc. 3.29 7.09 3.94 3.15 0.36 1.58 46.71 40.57
FFBH First Federal Bancshares of AR 3.22 7.58 4.45 3.13 0.26 1.85 55.24 51.58
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. 3.76 7.67 4.24 3.44 0.46 2.37 59.82 54.48
FFCH First Financial Holdings Inc. 3.11 7.54 4.53 3.01 0.73 2.23 59.43 49.60
FFDB FirstFed Bancorp Inc. 3.62 7.61 4.12 3.49 0.50 2.17 59.64 53.84
FFDF FFD Financial Corp. 3.35 6.98 3.68 3.31 0.07 1.95 57.77 56.88
FFED Fidelity Federal Bancorp 2.77 8.01 5.42 2.59 1.38 2.92 73.56 59.45
FFES First Federal of East Hartford 2.36 6.77 4.48 2.29 0.16 1.39 56.76 53.78
FFFD North Central Bancshares Inc. 4.06 7.69 3.75 3.94 1.09 2.17 43.21 27.56
FFFL Fidelity Bankshares Inc. (MHC) 3.36 7.29 4.10 3.18 0.41 2.56 70.69 66.90
FFHH FSF Financial Corp. 3.01 7.41 4.49 2.93 0.40 1.92 57.76 51.97
FFHS First Franklin Corp. 2.69 7.22 4.60 2.62 0.18 1.75 61.90 59.34
FFIC Flushing Financial Corp. 3.62 7.18 3.73 3.44 0.23 2.07 55.79 52.81
FFKY First Federal Financial Corp. 4.17 7.92 4.01 3.92 0.62 2.07 44.23 35.43
FFLC FFLC Bancorp Inc. 3.53 7.50 4.11 3.39 0.24 1.99 54.76 51.55
FFOH Fidelity Financial of Ohio 3.11 7.32 4.33 2.99 0.21 1.80 51.96 48.62
Balance Sheet Growth as of the MRQ Market Data as of The Most Recent Quarter
-------------------------------------- ---------------------------------------------------------------------------------
Asset Loan Deposit MRQ MRQ MRQ MRQ MRQ Publicly MRQ Tangible
Growth Growth Growth Market Price Price Price Reported Publicly Rep
Rate Rate Rate Value Per Share High Low Book Value Book Value
Ticker (%) (%) (%) ($) ($) ($) ($) ($) ($)
- ------- -------------------------------------- ------------ --------------------------------------------------------------------
CLAS 3.45 11.53 2.42 26.00 16.75 17.250 11.625 15.380 13.12
CMRN 10.10 12.31 5.63 52.52 20.50 21.000 15.500 17.660 17.66
CMSB 7.01 14.54 4.12 367.59 19.88 21.500 13.500 13.220 10.44
CMSV 9.91 16.03 7.20 191.06 35.38 39.750 18.500 16.390 16.39
CNIT 1.55 15.31 1.74 131.90 79.50 80.000 40.000 31.720 29.17
CNSB 0.42 8.11 0.00 30.17 20.50 21.500 15.000 14.470 14.47
CNY 11.72 136.40 2.18 34.42 16.25 17.125 8.375 15.230 14.65
COFI 10.48 25.49 0.09 4,273.91 63.13 64.000 39.167 21.560 20.14
CONE 11.04 (0.08) 13.23 NA 20.63 20.780 14.375 17.580 17.58
COOP 8.15 8.88 3.79 57.45 24.50 25.000 10.000 9.480 9.48
CRSB NA NA NA 56.12 NA NA NA 2.270 2.27
CRZY 15.56 7.73 4.95 16.11 15.00 15.688 11.875 15.040 15.04
CSBF 0.16 (2.11) 2.67 11.13 13.50 13.500 10.000 13.090 12.32
CTZN 18.58 10.90 15.29 748.10 39 40.125 21.000 16.140 14.74
CVAL 12.22 9.67 9.86 76.21 29.25 29.250 14.095 13.240 13.24
DCBI 1.07 17.19 2.46 40.86 20.75 20.750 12.000 14.830 14.83
DIBK 27.58 (6.55) 31.63 184.29 30.50 32.000 17.250 15.350 14.95
DIME 20.78 32.36 8.32 326.50 23.75 25.500 14.500 14.970 12.94
DME 15.78 36.61 7.70 3,505.28 30.25 30.250 14.625 11.300 9.27
DNFC 23.23 22.92 8.20 252.50 26.50 26.750 14.886 10.780 10.68
DSL 12.27 13.84 16.70 867.91 28.44 29.000 18.095 16.080 15.88
EBI 13.17 12.06 (4.12) 38.53 14.50 15.375 12.000 10.310 10.31
EBSI 15.84 21.55 11.98 155.83 22.00 22.000 14.750 12.840 12.84
EFBC NA NA NA 44.39 17.13 18.250 12.500 15.660 15.66
EFBI 22.27 20.89 2.78 64.54 31.50 31.500 14.125 16.310 16.30
EGFC 47.95 35.41 28.36 384.31 55.00 55.000 26.750 23.390 18.96
EGLB (0.89) 14.67 (1.90) 24.29 18.88 20.000 14.500 17.240 17.24
EMLD 6.43 10.17 5.52 112.87 22.13 22.125 10.625 9.560 9.43
EQSB 12.23 10.62 7.95 41.37 26.50 26.500 14.250 13.770 13.77
ESBK 3.65 4.20 2.58 22.22 30.00 30.000 15.952 20.070 20.07
ESX 11.89 15.71 16.74 5.03 4.75 7.938 1.000 0.030 (0.16)
ETFS 5.87 19.71 (0.87) 22.52 15.83 15.833 11.250 13.630 13.63
FAB 19.35 13.47 2.49 183.40 21.88 22.125 13.625 16.010 16.01
FBBC 2.97 9.15 2.30 133.47 19.00 19.375 13.250 11.210 11.21
FBCI 1.15 7.41 0.76 70.37 25.63 25.750 16.875 18.220 18.19
FBCV (2.21) 3.81 (0.16) 30.51 29.29 29.286 18.095 21.080 20.71
FBER 17.55 3.09 6.50 55.14 19.13 19.500 11.375 13.710 13.71
FBHC 8.69 27.04 7.22 46.48 21.75 24.000 11.000 12.280 11.51
FBNW 37.61 29.12 5.76 39.68 18.88 19.000 15.500 16.190 16.19
FBSI 2.87 9.85 7.03 35.04 15.63 15.625 8.250 10.640 10.64
FCB 10.22 36.78 10.95 33.28 20.50 22.000 13.125 16.060 16.06
FCBF 93.62 78.23 106.79 127.46 29.50 30.000 18.500 18.970 18.97
FCME (0.90) 7.72 (0.08) 19.37 14.88 15.750 7.250 10.890 10.89
FDEF 6.68 6.33 3.35 132.18 16.00 16.250 11.813 12.530 12.53
FED 0.39 3.36 -0.71 442.23 38.75 39.5 21.5 21.04 20.86
FESX 12.21 1.99 7.72 181.35 23.25 23.250 13.375 12.080 10.62
FFBA 2.72 9.76 4.06 499.01 23.75 26.125 16.000 12.450 12.20
FFBH 8.67 9.40 6.63 140.76 23.75 24.250 15.875 16.930 16.93
FFBI (12.52) (25.95) 2.60 10.49 21.00 21.000 15.500 18.370 18.37
FFBS 7.34 11.76 6.52 34.98 21.25 26.000 21.000 15.070 15.07
FFBZ 10.46 10.39 0.33 37.80 21.13 21.500 16.000 9.140 9.13
FFCH 13.34 8.77 6.36 356.62 26.56 26.563 11.125 8.540 8.54
FFDB 1.30 (7.33) 2.19 27.72 21.63 22.750 12.500 15.000 13.77
FFDF 7.20 25.22 7.93 32.51 18.00 19.500 13.000 15.380 15.38
FFED (17.05) (16.22) (14.09) 29.32 10.31 10.500 7.500 5.020 5.02
FFES 2.52 14.12 2.95 114.31 37.25 37.750 22.875 24.760 24.76
FFFD 9.29 15.27 8.79 76.15 19.88 20.000 13.500 15.430 15.43
FFFL 21.97 19.91 19.33 207.35 28.50 28.500 15.000 12.650 12.57
FFHH 11.17 21.04 5.88 62.05 20.94 21.000 14.750 16.340 16.34
FFHS 3.69 1.79 3.88 32.04 31.25 31.250 16.000 17.810 17.72
FFIC 40.39 55.81 12.53 216.28 23.88 24.000 17.375 17.350 16.67
FFKY 5.79 8.05 8.76 91.86 22.75 23.500 17.750 12.810 12.11
FFLC 15.53 38.44 11.58 74.88 21.75 23.500 12.300 13.740 13.74
FFOH 7.04 10.15 5.85 102.07 15.50 16.375 11.500 11.490 10.13
Page 19 of 40
Exhibit 3
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 (%) (%) (%) (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------------
FFPB First Palm Beach Bancorp Inc. 2.80 7.36 4.69 2.68 0.39 2.13 69.50 65.04
FFSL First Independence Corp. 2.85 7.40 4.61 2.78 0.23 1.93 64.77 61.80
FFSX First Fed SB of Siouxland(MHC) 3.08 7.41 4.47 2.94 0.54 2.30 66.05 59.83
FFWC FFW Corp. 3.28 7.71 4.53 3.17 0.45 1.97 53.11 46.47
FFWD Wood Bancorp Inc. 4.30 8.12 3.96 4.16 0.26 2.30 52.30 49.37
FFYF FFY Financial Corp. 3.75 7.81 4.16 3.65 0.17 1.82 47.63 45.22
FGHC First Georgia Holding Inc. 4.25 8.47 4.54 3.93 0.87 3.15 64.45 56.58
FIBC Financial Bancorp Inc. 3.80 7.32 3.71 3.61 0.23 1.96 51.62 48.49
FISB First Indiana Corp. 4.36 8.43 4.26 4.17 0.79 2.66 54.02 45.32
FKFS First Keystone Financial 3.34 7.30 4.08 3.22 0.30 2.24 63.66 60.22
FKKY Frankfort First Bancorp Inc. 3.35 7.24 3.97 3.28 0.04 1.69 51.02 50.42
FLAG FLAG Financial Corp. 4.14 7.74 4.05 3.69 1.27 3.75 74.88 66.24
FLFC First Liberty Financial Corp. 3.93 7.90 4.31 3.59 0.86 2.74 58.82 48.91
FLGS Flagstar Bancorp Inc. 2.74 7.25 4.73 2.52 3.79 3.95 57.25 (6.98)
FLKY First Lancaster Bancshares 4.76 8.34 3.65 4.69 0.00 2.71 57.70 57.70
FMBD First Mutual Bancorp Inc. 3.00 6.96 4.18 2.78 0.36 2.72 81.13 78.72
FMCO FMS Financial Corp. 3.72 7.26 3.71 3.55 0.44 2.38 56.57 51.19
FMSB First Mutual Savings Bank 3.78 8.46 4.78 3.67 0.36 2.25 55.77 51.39
FNGB First Northern Capital Corp. 3.26 7.28 4.14 3.14 0.44 2.09 58.32 52.45
FOBC Fed One Bancorp 3.40 7.26 3.97 3.29 0.18 2.00 55.55 53.11
FPRY First Financial Bancorp 3.13 7.64 4.68 2.95 0.50 2.71 77.74 74.01
FSBI Fidelity Bancorp Inc. 2.99 7.16 4.24 2.91 0.23 1.88 59.50 56.26
FSFF First SecurityFed Financial 3.94 7.29 3.57 3.72 0.22 1.76 44.21 40.89
FSLA First Savings Bank (MHC) 3.23 7.05 3.97 3.09 0.23 1.70 48.63 44.87
FSNJ Bayonne Bancshares Inc. 2.61 6.74 4.19 2.55 0.21 1.67 60.02 56.72
FSPG First Home Bancorp Inc. 3.05 7.58 4.60 2.97 0.19 1.74 53.83 50.82
FSPT FirstSpartan Financial Corp. 3.69 7.14 3.54 3.60 0.34 1.87 47.46 42.50
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. 4.46 7.86 3.62 4.24 0.71 2.28 65.26 59.48
FTF Texarkana First Financial Corp 3.89 7.96 4.16 3.80 0.43 1.50 35.71 28.51
FTFC First Federal Capital Corp. 3.07 7.47 4.56 2.90 1.21 2.61 62.75 47.28
FTNB Fulton Bancorp Inc. 3.85 7.61 3.82 3.79 0.45 2.45 56.84 51.67
FTSB Fort Thomas Financial Corp. 4.15 8.49 4.46 4.03 0.31 2.29 52.81 49.23
FWWB First SB of Washington Bancorp 3.69 7.78 4.23 3.55 0.31 1.94 47.97 43.46
GAF GA Financial Inc. 3.61 7.26 3.75 3.51 0.27 2.03 53.20 49.62
GDW Golden West Financial 2.36 7.30 5.00 2.29 0.19 0.84 33.93 28.51
GFCO Glenway Financial Corp. 3.22 7.52 4.42 3.10 0.29 2.02 57.57 53.64
GFED Guaranty Federal Bcshs Inc. 3.56 7.73 4.33 3.4 0.33 2.12 57.16 53.06
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. 3.69 6.26 2.73 3.53 0.20 2.66 71.29 69.67
GPT GreenPoint Financial Corp. 3.87 7.39 3.78 3.61 0.35 2.03 42.81 37.25
GSB Golden State Bancorp Inc. 2.72 7.06 4.48 2.58 0.62 1.80 54.15 43.16
GSBC Great Southern Bancorp Inc. 4.09 8.23 4.29 3.94 1.41 2.57 48.88 30.56
GSFC Green Street Financial Corp. 4.37 7.43 3.10 4.33 0.05 1.79 41.01 40.29
GSLA GS Financial Corp. 4.55 6.88 2.49 4.39 0.01 2.22 50.39 50.26
GTPS Great American Bancorp 4.35 7.33 3.28 4.04 0.54 3.37 74.09 70.63
GUPB GFSB Bancorp Inc. 3.00 7.35 4.38 2.97 0.06 1.67 54.92 53.97
HALL Hallmark Capital Corp. 2.55 7.66 5.18 2.48 0.22 1.52 56.28 52.48
HARBD Harbor Florida Bancshares Inc. 3.81 7.83 4.12 3.71 0.35 1.97 47.94 42.97
HARL Harleysville Savings Bank 2.78 7.41 4.70 2.71 0.12 1.25 44.34 41.91
HARS Harris Financial Inc. (MHC) 2.50 7.07 4.67 2.40 0.33 1.80 62.68 57.54
HAVN Haven Bancorp Inc. 3.08 7.09 4.18 2.91 0.78 2.56 68.71 60.32
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. 4.27 7.06 2.98 4.09 0.29 3.08 70.95 68.89
HBFW Home Bancorp 2.86 7.41 4.59 2.81 0.08 1.39 48.15 46.73
HBNK Highland Bancorp Inc. 4.40 8.77 4.76 4.01 0.35 2.05 44.43 39.55
HBS Haywood Bancshares Inc. 3.38 7.27 4.12 3.15 0.29 1.38 58.66 54.88
HCBB HCB Bancshares Inc. 3.14 7.25 4.23 3.02 0.25 2.66 79.15 77.41
HCBC High Country Bancorp Inc. NA NA NA NA NA NA NA NA
HCFC Home City Financial Corp. 4.59 9.19 4.73 4.46 0.13 2.55 55.54 54.29
HEMT HF Bancorp Inc. 2.44 7.02 4.67 2.35 0.25 2.21 73.06 70.25
HFBC HopFed Bancorp Inc. 2.17 6.52 4.39 2.13 0.30 1.20 49.51 42.50
HFFB Harrodsburg First Fin Bancorp 3.63 7.12 3.56 3.56 0.09 1.55 42.33 40.86
HFFC HF Financial Corp. 3.71 8.01 4.49 3.53 1.46 3.19 62.21 46.59
Balance Sheet Growth as of the MRQ Market Data as of The Most Recent Quarter
-------------------------------------- ---------------------------------------------------------------------------------
Asset Loan Deposit MRQ MRQ MRQ MRQ MRQ Publicly MRQ Tangible
Growth Growth Growth Market Price Price Price Reported Publicly Rep
Rate Rate Rate Value Per Share High Low Book Value Book Value
Ticker (%) (%) (%) ($) ($) ($) ($) ($) ($)
- ------- -------------------------------------- ---------------------------------------------------------------------------------
FFPB 21.16 10.26 6.96 203.45 43.13 43.125 23.250 22.950 22.44
FFSL 4.37 16.52 8.53 14.31 14.00 15.000 10.250 11.910 11.91
FFSX 0.36 2.52 (0.50) 104.87 31.75 34.500 18.833 14.340 14.23
FFWC 20.92 19.45 18.48 28.99 19.00 20.875 10.750 12.690 11.57
FFWD 4.29 7.66 9.22 53.02 18.80 18.800 8.400 8.040 8.04
FFYF 5.57 1.92 (1.49) 135.33 33.13 33.125 25.000 20.530 20.53
FGHC 10.52 16.40 6.67 37.01 9.50 9.500 5.333 4.530 4.20
FIBC 18.97 8.82 7.93 42.74 24.13 25.750 14.875 16.100 16.03
FISB 7.82 11.07 1.10 346.79 25.21 26.458 14.479 12.080 11.94
FKFS 21.83 10.31 3.68 47.05 17.88 18.688 9.500 10.380 10.38
FKKY 2.23 7.58 (5.25) 27.12 17.63 24.500 16.000 13.920 13.92
FLAG 11.73 8.32 (0.02) 40.99 21.50 21.500 10.250 10.830 10.83
FLFC 5.17 4.34 8.22 255.70 32.00 33.750 18.250 12.490 11.35
FLGS 46.55 49.04 77.74 363.12 19.80 21.750 13.000 9.260 8.93
FLKY 35.33 37.59 6.14 14.77 15.94 16.375 14.500 14.920 14.92
FMBD 17.98 9.25 57.71 68.83 25.00 25.000 13.750 16.800 12.88
FMCO 16.00 (1.19) 7.98 94.72 35.50 35.500 18.375 16.300 16.10
FMSB 6.94 8.58 13.53 74.77 18.50 20.167 10.606 7.430 7.43
FNGB 8.48 7.04 5.12 120.52 14.00 14.000 8.125 8.350 8.35
FOBC 7.28 24.31 3.70 88.77 27.50 27.500 15.750 17.670 16.93
FPRY 10.78 25.03 10.52 NA 20.75 21.125 17.250 17.070 17.07
FSBI 22.71 24.67 8.23 49.63 23.20 23.400 13.454 13.770 13.77
FSFF 22.37 14.08 (4.28) 99.32 15.75 16.625 15.000 14.340 14.29
FSLA 6.30 15.40 2.73 328.67 54.50 54.5 16.591 12.68 11.58
FSNJ 5.54 (2.88) (4.20) 140.87 13.38 13.375 7.160 10.630 10.63
FSPG 7.91 6.56 12.31 88.36 30.13 30.500 13.875 13.800 13.61
FSPT 31.90 19.37 10.53 199.35 40.25 40.250 35.000 29.520 29.52
FSSB 0.37 11.00 1.86 3.16 9.75 11.500 9.000 13.680 13.18
FSTC 36.90 31.41 42.51 90.80 34.00 35.500 14.167 12.860 10.28
FTF 10.20 8.10 6.35 49.27 25.00 27.000 14.875 15.520 15.52
FTFC 1.91 9.95 11.96 303.29 33.875 34.000 15.833 11.900 11.26
FTNB 8.57 2.63 1.73 37.71 22.13 26.500 14.750 15.060 15.06
FTSB 9.62 12.18 10.00 22.49 15.38 15.500 9.250 10.710 10.71
FWWB 16.34 26.39 9.36 257.79 27.50 28.563 18.000 16.120 14.93
GAF 23.64 32.24 2.80 155.32 18.88 19.813 14.875 15.050 14.91
GDW 4.93 10.51 9.09 5,507.11 97.81 97.813 59.875 47.280 47.28
GFCO 9.29 12.40 (0.76) 45.65 18.75 19.500 9.500 12.410 12.28
GFED 20.79 17.51 -2.16 76.21 12.88 14.436 5.955 11.18 11.18
GLMR 7.89 14.84 14.24 2.70 11.00 12.000 10.000 19.880 19.88
GOSB 19.51 12.23 (1.38) 38.22 18.06 18.938 14.250 14.660 14.66
GPT (1.82) 20.34 (4.19) 3,147.59 36.28 36.282 22.813 17.000 9.27
GSB 5.96 5.18 8.69 1,998.71 37.44 37.438 22.500 16.620 15.00
GSBC 12.10 10.04 22.38 210.25 24.50 25.875 16.000 8.130 8.06
GSFC 2.00 5.43 2.20 78.98 18.25 20.750 15.500 14.730 14.73
GSLA 50.08 21.32 (7.49) 69.20 21.00 21.000 13.375 16.300 16.30
GTPS 7.26 22.32 11.19 35.53 19.00 20.000 14.563 18.470 18.47
GUPB 40.32 47.60 17.44 18.82 21.13 22.250 15.750 17.910 17.91
HALL 4.21 12.58 1.01 44.74 17.00 18.000 8.500 10.750 10.75
HARBD 6.47 9.01 7.24 368.39 11.02 11.607 5.575 NA NA
HARL 7.29 5.37 7.42 51.89 27.50 30.250 15.200 14.230 14.23
HARS 24.50 8.64 (2.32) 912.34 19.88 20.750 6.042 5.290 4.72
HAVN 24.71 35.77 19.97 242.68 22.50 22.688 13.938 12.850 12.81
HBBI (4.79) 1.69 (7.69) 7.48 21.25 23.750 18.500 20.610 20.61
HBEI (1.05) 14.29 (1.42) 119.12 17.88 19.313 13.000 13.890 13.89
HBFW 7.65 14.66 9.3 81.10 29.50 29.5 19 17.83 17.83
HBNK 12.19 14.39 (5.52) 86.94 32.75 33.125 17.500 17.900 17.90
HBS 17.25 4.38 10.55 28.45 22.50 22.625 15.625 17.730 17.15
HCBB 16.12 8.46 (1.86) 39.34 14.50 14.500 12.625 14.450 13.95
HCBC NA NA NA 20.17 15.50 NA NA 13.490 13.49
HCFC NA NA NA 16.85 18.50 18.5 12 15.47 15.47
HEMT 4.98 30.20 1.12 106.33 17.50 17.875 11.000 13.290 11.18
HFBC NA NA NA 74.12 NA NA NA NA NA
HFFB 1.73 5.17 1.07 32.17 16.75 18.250 14.750 15.850 15.85
HFFC 5.05 0.02 7.48 90.81 26.50 27.250 16.750 18.700 18.70
Page 20 of 40
Exhibit 3
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 (%) (%) (%) (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------------
HFGI Harrington Financial Group 1.35 6.58 5.26 1.31 0.05 1.03 75.04 74.02
HFNC HFNC Financial Corp. 3.40 7.61 4.31 3.29 0.12 1.84 53.55 51.92
HFSA Hardin Bancorp Inc. 2.77 7.37 4.64 2.74 0.25 1.80 60.72 57.15
HFWA Heritage Financial Corp. NA NA NA NA NA NA NA NA
HHFC Harvest Home Financial Corp. 2.65 7.06 4.46 2.61 0.06 1.65 62.00 61.07
HIFS Hingham Instit. for Savings 4.02 7.76 3.86 3.90 0.31 2.11 50.10 46.15
HLFC Home Loan Financial Corp. 4.74 8.10 3.45 4.65 0.44 2.90 56.90 52.78
HMLK Hemlock Federal Financial Corp 3.50 6.99 3.54 3.45 0.33 2.17 57.44 53.32
HMNF HMN Financial Inc. 2.77 7.18 4.48 2.70 0.18 1.58 54.74 51.80
HOMF Home Federal Bancorp 3.69 7.92 4.41 3.51 0.86 2.16 50.22 37.96
HPBC Home Port Bancorp Inc. 4.71 8.13 3.58 4.56 0.46 2.21 44.09 38.47
HRBF Harbor Federal Bancorp Inc. 3.00 7.38 4.44 2.94 0.13 1.87 60.75 58.96
HRZB Horizon Financial Corp. 3.64 7.75 4.23 3.52 0.26 1.40 37.01 32.28
HTHR Hawthorne Financial Corp. 3.79 8.52 4.94 3.58 0.42 2.45 61.97 57.52
HWEN Home Financial Bancorp 4.39 8.60 4.36 4.24 0.32 3.35 74.61 72.71
HZFS Horizon Financial Svcs Corp. 3.27 7.62 4.48 3.13 0.51 2.38 64.08 58.23
IBSF IBS Financial Corp. 3.12 6.98 3.95 3.03 0.11 1.93 61.58 60.22
ICBC Independence Comm. Bank Corp. NA NA NA NA NA NA NA NA
IFSB Independence Federal Svgs Bank 2.56 7.06 4.67 2.39 1.09 3.07 84.14 76.93
INBI Industrial Bancorp Inc. 4.05 8.04 4.07 3.97 0.15 1.78 43.27 41.16
INCB Indiana Community Bank SB 4.28 7.74 3.57 4.17 1.04 3.97 76.12 70.14
IPSW Ipswich Savings Bank 3.60 7.17 3.74 3.43 0.58 2.39 60.16 53.44
ITLA ITLA Capital Corp. 4.94 9.98 5.08 4.90 0.19 2.19 41.96 39.69
IWBK InterWest Bancorp Inc. 3.25 7.56 4.51 3.05 0.61 2.17 58.16 49.74
JOAC Joachim Bancorp Inc. 4.22 7.19 3.06 4.12 0.14 2.95 69.75 68.74
JSB JSB Financial Inc. 4.55 7.06 2.61 4.45 0.29 1.11 38.01 33.94
JSBA Jefferson Savings Bancorp 3.10 7.59 4.63 2.96 0.18 1.81 53.47 50.58
JXSB Jacksonville Savings Bk (MHC) 3.53 7.60 4.29 3.31 0.41 2.82 75.69 72.64
JXVL Jacksonville Bancorp Inc. 3.89 7.78 3.99 3.79 0.56 2.17 52.33 45.28
KFBI Klamath First Bancorp 3.32 7.14 3.92 3.22 0.17 1.71 47.68 44.92
KNK Kankakee Bancorp Inc. 3.22 7.23 4.15 3.09 0.46 2.37 65.13 59.95
KSAV KS Bancorp Inc. 3.86 7.80 4.12 3.68 0.11 2.01 52.79 51.36
KSBK KSB Bancorp Inc. 4.49 8.36 4.01 4.35 0.78 3.21 61.08 54.15
KYF Kentucky First Bancorp Inc. 3.45 7.23 3.85 3.37 0.18 1.91 53.63 51.11
LARK Landmark Bancshares Inc. 3.15 7.50 4.41 3.09 0.25 1.60 47.64 43.37
LARL Laurel Capital Group Inc. 3.69 7.43 3.81 3.62 0.32 1.72 43.61 38.58
LFBI Little Falls Bancorp Inc. 2.72 6.76 4.14 2.61 0.06 1.70 58.69 57.75
LFCO Life Financial Corp. 3.56 6.00 3.64 2.36 8.88 4.29 37.89 (196.30)
LFED Leeds Federal Bankshares (MHC) 2.95 7.06 4.16 2.90 0.10 1.05 35.11 32.88
LISB Long Island Bancorp Inc. 2.80 6.93 4.24 2.69 0.46 1.86 58.33 51.28
LOGN Logansport Financial Corp. 3.95 7.62 3.80 3.81 0.20 1.55 38.75 35.59
LONF London Financial Corp. 3.73 7.66 3.97 3.69 0.18 2.34 60.61 58.70
LSBI LSB Financial Corp. 3.56 7.81 4.46 3.35 0.35 2.45 66.28 62.77
LSBX Lawrence Savings Bank 3.26 7.23 4.07 3.17 0.38 2.21 62.11 57.60
LVSB Lakeview Financial Corp. 3.45 6.97 3.65 3.32 0.69 2.34 50.34 39.98
LXMO Lexington B&L Financial Corp. 4.10 8.15 4.13 4.02 0.25 2.48 57.62 55.00
MAFB MAF Bancorp Inc. 2.97 7.20 4.38 2.83 0.45 1.44 47.82 39.48
MARN Marion Capital Holdings 4.30 7.79 3.81 3.98 0.60 2.51 49.75 42.19
MASB MASSBANK Corp. 2.91 6.66 3.81 2.86 0.20 1.39 44.33 40.35
MBB MSB Bancorp Inc. 3.37 6.69 3.61 3.08 0.54 2.58 57.99 50.59
MBBC Monterey Bay Bancorp Inc. 2.83 7.15 4.44 2.72 0.33 2.29 68.20 64.31
MBLF MBLA Financial Corp. 2.10 6.95 4.87 2.08 0.01 0.64 30.44 30.26
MBSP Mitchell Bancorp Inc. 5.10 7.71 2.76 4.95 0.01 2.41 48.69 48.54
MCBN Mid-Coast Bancorp Inc. 3.94 7.97 4.27 3.71 0.39 2.92 70.84 67.77
MDBK Medford Bancorp Inc. 3.26 6.95 3.82 3.14 0.25 1.72 47.33 43.06
MECH MECH Financial Inc. 3.84 7.08 3.46 3.61 0.92 2.79 61.67 51.90
MERI Meritrust Federal SB 3.53 7.28 3.90 3.38 0.73 2.24 54.85 45.14
METF Metropolitan Financial Corp. 3.48 8.27 4.97 3.30 0.42 2.40 63.73 59.06
MFBC MFB Corp. 3.23 7.52 4.35 3.17 0.18 1.96 58.39 55.99
MFFC Milton Federal Financial Corp. 2.97 7.33 4.45 2.88 0.14 2.04 67.70 66.16
MFLR Mayflower Co-operative Bank 4.00 7.47 3.71 3.76 0.37 2.40 57.37 53.23
MFSL Maryland Federal Bancorp 2.73 7.26 4.58 2.67 0.23 1.60 53.99 49.99
MIFC Mid-Iowa Financial Corp. 3.00 7.32 4.41 2.91 0.92 2.15 56.25 42.50
MIVI Mississippi View Holding Co. 3.91 7.48 3.62 3.85 0.25 2.35 57.68 54.88
Balance Sheet Growth as of the MRQ Market Data as of The Most Recent Quarter
-------------------------------------- ---------------------------------------------------------------------------------
Asset Loan Deposit MRQ MRQ MRQ MRQ MRQ Publicly MRQ Tangible
Growth Growth Growth Market Price Price Price Reported Publicly Rep
Rate Rate Rate Value Per Share High Low Book Value Book Value
Ticker (%) (%) (%) ($) ($) ($) ($) ($) ($)
- ------- -------------------------------------- ---------------------------------------------------------------------------------
HFGI 3.28 36.76 4.22 38.63 13.00 13.750 9.750 7.500 7.50
HFNC 1.02 22.59 (1.36) 225.65 14.50 22.063 13.938 9.660 9.66
HFSA 18.99 14.78 12.93 15.65 18.25 18.625 12.250 15.890 15.89
HFWA NA NA NA 146.89 NA NA NA NA NA
HHFC 11.33 3.81 4.37 13.37 15.75 15.750 9.250 11.620 11.62
HIFS 10.42 14.32 6.99 47.58 28.75 29.000 18.000 16.400 16.40
HLFC 7.36 11.90 4.55 36.39 NA NA NA NA NA
HMLK 20.68 41.73 (0.22) 39.45 17.13 17.500 12.500 14.650 14.65
HMNF 24.61 26.98 28.93 121.22 32.50 32.500 18.000 20.380 18.92
HOMF 9.07 7.51 6.28 158.72 26.00 28.250 16.167 12.210 11.87
HPBC 9.94 15.52 5.44 46.28 23.13 25 16.125 11.92 11.92
HRBF 6.76 4.32 5.35 40.64 25.25 25.250 15.375 17.220 17.22
HRZB 5.59 3.55 5.11 136.08 17.75 18.375 11.522 11.380 11.38
HTHR 9.56 24.14 11.38 60.27 20.13 24.000 7.750 13.690 13.69
HWEN 11.46 17.08 6.24 8.59 9.25 9.250 6.375 7.950 7.95
HZFS 19.89 9.29 2.56 13.86 12.00 13.000 7.500 10.580 10.58
IBSF (3.27) 13.73 (2.68) 208.63 17.69 18.750 13.261 11.800 11.80
ICBC NA NA NA 1,349.78 NA NA NA NA NA
IFSB 3.18 0.81 0.71 23.70 17.00 17.500 7.500 15.050 13.53
INBI 11.45 12.55 4.59 117.36 17.75 18.313 12.000 11.930 11.93
INCB 6.91 (2.48) 7.54 19.13 20.50 20.500 15.000 12.570 12.57
IPSW 42.97 42.98 32.39 38.46 16.50 16.5 5.938 4.96 4.96
ITLA 25.35 22.92 25.88 162.88 19.25 21.250 14.000 12.910 12.87
IWBK 16.38 16.67 0.01 355.64 37.75 43.250 27.625 16.600 16.32
JOAC (2.51) 5.24 (0.15) 11.88 16.00 16.000 14.000 13.700 13.70
JSB 1.25 16.92 (2.03) 567.30 50.06 50.625 36.000 37.050 37.05
JSBA 7.84 4.62 10.33 297.94 20.50 22.000 12.625 12.520 9.95
JXSB 17.88 10.31 19.31 46.03 20.00 20.000 9.167 9.170 9.17
JXVL 7.85 10.51 11.16 50.09 23.25 23.250 13.250 14.090 14.09
KFBI 44.88 17.39 68.93 227.36 21.50 24.250 15.000 15.920 14.55
KNK (2.06) 2.06 0.96 51.09 37.75 37.750 23.375 27.570 25.99
KSAV 13.03 16.52 9.68 NA 24.75 25.500 14.813 16.500 16.50
KSBK 13.69 20.09 1.23 22.92 22.50 22.500 7.667 9.330 8.91
KYF (1.78) 4.17 0.61 17.70 14.94 14.938 10.563 11.320 11.32
LARK 5.25 19.99 2.38 42.64 24.88 27.250 18.000 19.490 19.49
LARL 5.39 0.41 2.45 46.21 21.67 22.167 11.000 10.370 10.37
LFBI 8.24 25.38 0.80 48.31 20.50 20.500 12.188 14.680 13.59
LFCO 295.91 361.50 147.07 131.73 12.63 21.875 11.750 8.370 8.37
LFED 4.71 12.28 3.85 112.06 21.75 23.500 10.333 9.350 9.35
LISB 5.44 7.33 2.22 1,612.92 49.63 49.750 33.000 23.190 22.98
LOGN 10.88 11.99 5.57 22.54 18.00 18.000 11.125 13.120 13.12
LONF 1.62 3.80 6.52 7.78 16.75 21.000 14.000 10.230 10.23
LSBI 11.90 11.86 17.73 28.87 28.50 28.500 17.857 20.640 20.64
LSBX 6.51 7.09 3.41 78.25 16.38 16.375 8.125 8.770 8.77
LVSB 0.19 21.27 (0.18) 102.86 25.00 26.000 13.625 11.750 9.64
LXMO 49.96 38.71 75.11 18.35 17.75 17.875 13.000 15.130 14.19
MAFB 7.04 11.22 3.31 593.01 35.38 35.375 22.250 17.550 15.46
MARN 9.13 5.66 7.85 50.78 27.13 28.125 19.250 22.380 21.90
MASB 4.18 9.07 2.73 178.99 47.63 48.250 28.125 29.060 28.64
MBB (6.77) 15.80 (8.52) 100.97 37.63 37.625 16.375 21.920 11.66
MBBC (4.15) 13.33 0.76 82.36 19.50 20.500 14.625 15.830 14.76
MBLF 7.02 15.88 18.24 34.33 30.50 30.500 19.000 22.320 22.32
MBSP 5.56 8.25 11.09 15.94 17.00 18.000 14.000 15.560 15.56
MCBN 8.29 2.65 9.84 9.06 10.00 10.833 6.167 7.34 7.34
MDBK 9.28 1.67 3.73 200.95 39.25 42.000 24.500 22.350 21.03
MECH 19.51 16.86 1.91 165.41 26.06 28.000 15.500 16.730 16.73
MERI 3.18 4.36 2.30 61.93 69.00 69.000 31.500 25.660 25.66
METF 20.27 9.66 18.59 117.23 15.50 15.750 5.375 5.200 4.78
MFBC 17.93 25.55 7.34 43.11 30.38 30.375 16.625 20.610 20.61
MFFC 24.54 25.26 9.86 35.99 15.38 15.938 13.250 12.210 12.21
MFLR 9.51 4.22 2.79 24.39 25.00 26.750 15.750 14.310 14.09
MFSL 4.83 0.28 2.72 251.15 26.63 26.625 16.375 15.840 15.68
MIFC 15.61 13.86 8.71 21.80 11.50 11.750 6.375 7.410 7.40
MIVI (2.43) 1.39 (2.62) 14.80 18.50 19.750 12.000 16.850 16.85
Page 21 of 40
Exhibit 3
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 (%) (%) (%) (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------------
MONT Montgomery Financial Corp. 3.39 7.76 4.50 3.25 0.03 1.97 61.50 61.14
MRKF Market Financial Corp. 3.69 6.72 3.07 3.65 0.01 2.08 56.77 56.64
MSBF MSB Financial Inc. 4.78 8.26 3.65 4.61 0.46 2.80 55.35 50.86
MSBK Mutual Savings Bank FSB 1.75 6.49 4.77 1.72 0.47 2.18 99.81 99.76
MWBI Midwest Bancshares Inc. 2.88 7.42 4.64 2.78 0.23 1.78 59.12 55.71
MWBX MetroWest Bank 4.11 7.73 3.81 3.92 0.39 2.64 59.83 55.83
MYST Mystic Financial Inc. NA NA NA NA NA NA NA NA
NASB NASB Financial Inc. 3.62 8.41 4.88 3.53 0.82 2.04 47.31 35.08
NBN Northeast Bancorp 4.08 8.39 4.47 3.93 0.67 3.32 69.82 64.69
NBSI North Bancshares Inc. 3.27 7.28 4.14 3.14 0.19 2.55 76.56 75.13
NEIB Northeast Indiana Bancorp 3.60 7.89 4.38 3.51 0.31 1.69 44.19 39.24
NEP Northeast PA Financial Corp. NA NA NA NA NA NA NA NA
NHTB New Hampshire Thrift Bncshrs 3.67 7.40 3.99 3.41 0.69 2.66 62.28 54.65
NMSB NewMil Bancorp Inc. 3.97 7.37 3.54 3.84 0.45 2.67 65.15 61.07
NSLB NS&L Bancorp Inc. 3.27 6.70 3.51 3.18 0.40 2.46 68.48 64.48
NSSY NSS Bancorp Inc. 3.06 7.11 4.13 2.98 0.67 2.63 68.74 61.67
NTBK Net.B@nk Inc. 2.79 6.28 3.56 2.72 0.18 17.33 597.66 630.22
NTMG Nutmeg Federal S&LA 4.19 7.30 3.30 3.99 1.23 4.07 76.54 69.33
NWEQ Northwest Equity Corp. 3.83 8.01 4.39 3.62 0.44 2.34 55.95 50.54
NWSB Northwest Bancorp Inc. (MHC) 3.80 7.85 4.22 3.63 0.31 2.26 55.23 51.41
OCFC Ocean Financial Corp. 3.12 6.96 3.92 3.04 0.17 1.62 50.91 48.15
OCN Ocwen Financial Corp. 4.91 9.61 5.51 4.10 1.21 3.45 81.99 76.67
OFCP Ottawa Financial Corp. 3.36 7.45 4.34 3.11 0.41 2.15 57.12 51.44
OHSL OHSL Financial Corp. 3.17 7.63 4.54 3.09 0.16 1.98 61.03 58.97
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. NA NA NA NA NA NA NA NA
PBCI Pamrapo Bancorp Inc. 4.72 7.69 3.21 4.48 0.36 2.65 53.02 49.28
PBCT People's Bank (MHC) 3.51 6.70 3.47 3.23 2.43 4.07 70.74 48.74
PBHC Pathfinder Bancorp Inc. (MHC) 4.06 7.39 3.60 3.80 0.51 3.02 66.18 61.64
PBKB People's Bancshares Inc. 3.11 7.24 4.26 2.98 0.29 2.61 77.55 75.34
PCBC Perry County Financial Corp. 2.85 6.88 4.07 2.81 0.04 1.08 37.74 36.82
PDB Piedmont Bancorp Inc. 3.95 7.84 3.99 3.85 0.28 2.13 52.18 48.65
PEDE Great Pee Dee Bancorp NA NA NA NA NA NA NA NA
PEEK Peekskill Financial Corp. 3.69 6.74 3.10 3.64 0.12 1.82 48.28 46.54
PERM Permanent Bancorp Inc. 2.72 7.15 4.54 2.62 0.43 1.99 64.17 58.27
PERT Perpetual Bank (MHC) 3.85 7.72 4.04 3.68 0.91 2.93 63.96 55.05
PFDC Peoples Bancorp 3.69 7.70 4.05 3.65 0.22 1.45 37.31 33.47
PFED Park Bancorp Inc. 3.56 7.03 3.60 3.42 0.10 2.20 66.89 65.89
PFFB PFF Bancorp Inc. 2.89 7.23 4.42 2.81 0.47 2.03 60.59 54.06
PFFC Peoples Financial Corp. 3.71 7.19 3.58 3.61 0.03 2.42 66.44 66.13
PFNC Progress Financial Corp. 4.57 8.21 3.96 4.25 1.21 4.06 71.06 62.82
PFSB PennFed Financial Services Inc 2.59 7.13 4.64 2.49 0.16 1.32 42.55 38.95
PFSLD Pocahontas Bancorp Inc. 2.02 6.97 5.01 1.96 0.33 1.31 57.35 50.13
PHBK Peoples Heritage Finl Group 4.66 7.68 3.41 4.28 0.95 3.26 59.53 50.59
PHFC Pittsburgh Home Financial Corp 2.97 7.53 4.66 2.86 0.20 1.82 58.81 55.92
PHSB Peoples Home Savings Bk (MHC) 3.54 7.24 3.80 3.43 0.38 2.75 72.11 68.98
PKPS Poughkeepsie Financial Corp. 3.30 7.66 4.51 3.15 0.44 2.74 68.28 63.90
PLSK Pulaski Savings Bank (MHC) 3.23 7.25 4.19 3.06 0.10 2.04 64.22 63.03
PMFI Perpetual Midwest Financial 2.97 7.67 4.83 2.84 0.39 2.21 68.41 64.10
PRBC Prestige Bancorp Inc. 3.18 7.00 3.91 3.08 0.26 2.33 69.66 67.08
PROV Provident Financial Holdings 3.19 7.13 4.06 3.07 0.70 2.83 75.79 70.25
PSBK Progressive Bank Inc. 4.05 7.78 3.93 3.85 0.38 2.43 53.62 49.04
PSFC Peoples-Sidney Financial Corp. 3.79 7.76 4.04 3.72 0.06 1.91 50.42 49.57
PSFI PS Financial Inc. 4.99 7.37 2.54 4.84 0.09 1.42 28.75 27.38
PTRS Potters Financial Corp. 3.43 7.16 3.91 3.25 0.29 2.45 70.30 67.64
PULB Pulaski Bank, Svgs Bank (MHC) 3.78 7.61 3.92 3.69 0.27 2.39 60.31 57.39
PULS Pulse Bancorp 2.68 7.00 4.38 2.63 0.08 1.02 37.71 35.92
PVFC PVF Capital Corp. 3.96 8.77 4.83 3.94 0.32 2.23 52.46 48.63
PVSA Parkvale Financial Corp. 2.98 7.23 4.30 2.93 0.23 1.44 44.92 40.59
PWBC PennFirst Bancorp Inc. 2.14 6.92 4.82 2.10 0.13 1.20 50.57 47.41
PWBK Pennwood Bancorp Inc. 4.43 7.91 3.70 4.20 0.25 2.85 62.07 59.81
QCBC Quaker City Bancorp Inc. 3.06 7.65 4.65 3.00 0.33 1.86 53.17 48.08
QCFB QCF Bancorp Inc. 4.14 7.19 3.12 4.07 0.38 1.80 40.43 34.85
QCSB Queens County Bancorp Inc. 4.66 8.15 3.83 4.32 0.12 1.87 41.82 40.16
Balance Sheet Growth as of the MRQ Market Data as of The Most Recent Quarter
-------------------------------------- ---------------------------------------------------------------------------------
Asset Loan Deposit MRQ MRQ MRQ MRQ MRQ Publicly MRQ Tangible
Growth Growth Growth Market Price Price Price Reported Publicly Rep
Rate Rate Rate Value Per Share High Low Book Value Book Value
Ticker (%) (%) (%) ($) ($) ($) ($) ($) ($)
- ------- -------------------------------------- ---------------------------------------------------------------------------------
MONT 11.68 12.03 5.26 21.08 12.88 14.000 11.000 11.890 11.89
MRKF 24.28 22.13 (4.88) 23.04 15.63 16.000 12.250 15.130 15.13
MSBF 16.39 14.98 2.52 20.48 19.00 19.500 9.500 10.560 10.56
MSBK (3.00) 25.81 (0.71) 55.66 13.00 14.625 5.500 7.660 7.66
MWBI 8.28 12.13 3.30 16.33 18.25 19.500 8.833 10.460 10.46
MWBX 16.53 17.37 13.96 111.99 9.00 9.500 4.625 3.170 3.17
MYST NA NA NA 50.16 NA NA NA NA NA
NASB (0.62) (2.16) 6.96 142.78 53.13 56.000 33.875 27.830 27.02
NBN 16.89 21.39 21.96 40.50 19.00 19.250 8.833 9.460 8.53
NBSI 4.69 7.68 1.96 25.02 17.88 18.833 10.500 11.600 11.60
NEIB 17.59 18.83 26.02 36.53 22.13 22.125 13.250 15.760 15.76
NEP NA NA NA 100.03 NA NA NA NA NA
NHTB 20.27 18.30 26.77 44.37 20.50 22.750 11.750 12.240 10.58
NMSB 14.00 4.68 8.21 54.07 13.00 14.500 8.750 8.540 8.54
NSLB (0.98) 12.30 5.15 12.00 18.88 19.500 13.625 16.640 16.52
NSSY 5.27 (2.24) (9.64) 114.09 36.00 37.000 22.688 22.490 21.83
NTBK NA NA NA 170.54 11.75 12.500 8.750 5.550 5.55
NTMG 11.95 8.84 11.10 10.36 8.44 8.438 5.250 5.880 5.88
NWEQ 3.15 3.46 0.85 17.72 20.75 20.750 11.875 14.820 14.82
NWSB 17.62 13.25 23.41 795.56 14.13 16.375 6.625 4.440 3.94
OCFC 15.88 15.29 4.50 287.87 37.25 38.375 25.500 27.450 27.45
OCN 23.57 18.68 3.29 1,574.71 25.44 28.282 12.625 6.930 6.67
OFCP 4.42 4.73 5.15 156.74 34.00 34.000 15.341 14.370 11.69
OHSL 10.77 8.85 8.97 40.02 27.00 28.250 21.000 21.600 21.60
OSFS 12.17 (2.73) (5.90) 10.15 15.50 15.500 15.500 16.470 16.47
OTFC NA NA NA 76.91 17.38 NA NA 15.340 15.34
PBCI 3.80 1.63 2.22 79.60 27.25 27.250 18.500 17.070 16.96
PBCT 7.05 3.76 11.88 2,408.27 38.00 38.000 18.959 11.610 11.55
PBHC 3.60 11.64 (4.15) 60.73 20.00 20.000 6.253 8.200 6.95
PBKB 53.77 48.79 5.60 80.98 22.75 24.500 10.500 9.160 8.81
PCBC 5.75 23.91 (1.20) 19.66 24.13 25.000 17.000 19.760 19.76
PDB 4.06 11.92 6.69 29.57 10.88 11.625 9.250 7.660 7.66
PEDE NA NA NA 34.68 16.13 NA NA 14.020 14.02
PEEK (1.77) 10.47 3.24 54.53 16.75 18.250 13.375 14.870 14.87
PERM 1.66 2.40 0.69 75.87 31.13 31.125 20.375 20.67 20.43
PERT 30.97 26.27 20.89 98.08 60.63 65.500 22.563 20.290 20.29
PFDC 4.98 8.57 3.99 77.77 22.00 25.000 13.000 13.250 13.25
PFED (0.69) 3.22 5.64 42.57 18.63 18.625 13.000 16.550 16.55
PFFB 9.56 2.75 1.39 377.07 19.88 21.500 13.625 14.950 14.80
PFFC (7.60) 29.29 2.17 23.37 15.13 19.000 12.750 10.980 10.98
PFNC 28.61 28.93 11.27 72.13 16.50 16.500 7.679 6.180 5.19
PFSB 21.57 20.74 11.00 172.42 17.13 17.375 10.000 11.520 9.87
PFSLD 4.37 17.15 28.95 69.19 11.06 11.182 4.162 NA NA
PHBK 25.88 29.06 14.75 1,395.55 46.00 47.000 26.188 17.130 12.87
PHFC 37.03 28.29 4.35 36.43 18.00 20.813 13.000 12.520 12.37
PHSB 7.67 3.99 (0.93) 56.93 18.88 19.750 13.625 10.370 10.37
PKPS 1.96 4.85 7.85 141.87 11.63 11.625 5.250 5.750 5.75
PLSK 13.07 6.20 4.09 40.05 19.25 24.500 11.500 10.290 10.29
PMFI 0.92 12.67 9.99 60.35 29.25 30.500 18.750 18.490 18.49
PRBC 24.97 25.68 8.75 18.53 20.00 20.000 13.000 17.080 17.08
PROV 22.41 25.37 9.69 107.51 21.88 22.250 13.750 17.850 17.85
PSBK 0.95 (3.12) 0.55 162.37 38.25 39.250 22.750 20.480 18.57
PSFC 15.11 9.45 (1.99) 32.14 17.88 18.500 12.563 15.850 15.85
PSFI 17.02 3.39 (2.20) 28.96 22.38 22.375 11.750 11.140 11.14
PTRS 7.41 29.43 2.89 20.02 20.00 20.750 9.500 11.310 11.31
PULB 2.29 6.52 2.28 102.75 31.38 32.500 14.500 11.540 11.54
PULS 5.81 5.04 3.77 84.65 26.13 29.750 15.750 14.310 14.31
PVFC 13.99 13.89 13.61 64.82 20.19 21.750 13.636 10.850 10.85
PVSA 7.81 20.76 7.58 162.83 34.25 34.250 19.600 15.790 15.70
PWBC 30.35 55.13 20.03 102.12 19.25 19.500 12.273 13.000 11.58
PWBK 1.08 41.99 3.58 12.11 19.75 19.750 13.000 16.760 16.76
QCBC 11.47 4.12 7.27 106.55 21.25 24.563 14.200 15.730 15.73
QCFB 3.91 12.02 0.83 37.65 29.75 29.750 17.500 19.410 19.41
QCSB 18.00 21.54 4.42 674.80 40.50 40.500 20.222 13.230 13.23
Page 22 of 40
Exhibit 3
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 (%) (%) (%) (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------------
RARB Raritan Bancorp Inc. 3.57 7.22 3.80 3.43 0.25 1.95 52.01 48.52
RCBK Richmond County Financial Corp NA NA NA NA NA NA NA NA
REDF RedFed Bancorp Inc. 3.37 7.13 3.94 3.19 0.75 2.66 64.00 55.50
RELI Reliance Bancshares Inc. 5.02 7.39 2.59 4.80 0.05 3.11 64.15 63.80
RELY Reliance Bancorp Inc. 3.41 7.16 3.94 3.22 0.2 1.79 46.67 43.28
RIVR River Valley Bancorp 3.71 7.01 3.45 3.57 0.53 2.86 69.46 64.90
ROSE TR Financial Corp. 2.63 7.19 4.61 2.58 0.20 1.29 46.09 41.84
RSLN Roslyn Bancorp Inc. 3.09 6.80 3.82 2.98 0.21 1.31 40.45 36.33
RVSB Riverview Bancorp Inc. 4.51 8.17 3.94 4.24 0.86 2.95 54.96 45.77
SBFL SB of the Finger Lakes (MHC) 3.15 7.07 4.10 2.96 0.25 2.60 78.26 76.46
SBOS Boston Bancorp (The) 2.72 6.92 4.27 2.65 0.16 1.51 56.25 53.67
SCBS Southern Community Bancshares 3.97 7.30 3.39 3.91 0.24 2.28 54.94 52.14
SCCB S. Carolina Community Bancshrs 4.14 7.68 3.62 4.06 0.25 2.68 61.79 59.42
SFED SFS Bancorp Inc. 3.46 7.26 3.89 3.37 0.25 2.55 70.82 68.67
SFFC StateFed Financial Corp. 3.47 7.79 4.51 3.28 0.16 1.44 52.28 50.02
SFIN Statewide Financial Corp. 3.76 7.39 3.74 3.65 0.24 2.52 64.30 61.92
SFSB SuburbFed Financial Corp. 2.85 7.12 4.37 2.75 0.67 2.56 74.48 68.24
SFSL Security First Corp. 4.00 8.26 4.40 3.86 0.26 1.99 47.85 44.31
SGVB SGV Bancorp Inc. 2.60 7.19 4.68 2.52 0.27 2.15 74.85 72.18
SHEN First Shenango Bancorp Inc. 3.22 7.44 4.27 3.17 0.19 1.47 42.86 39.36
SHSB SHS Bancorp Inc. 3.03 7.72 4.77 2.96 0.16 1.95 61.61 59.58
SIB Staten Island Bancorp Inc. 4.39 7.05 2.88 4.16 0.35 2.06 43.41 38.65
SISB SIS Bancorp Inc. 3.80 7.12 3.53 3.59 0.92 2.99 65.85 57.08
SKAN Skaneateles Bancorp Inc. 4.13 7.73 3.84 3.88 0.72 3.38 72.00 66.80
SKBO First Carnegie Deposit (MHC) 2.66 6.74 4.16 2.58 0.06 1.62 61.43 60.60
SMBC Southern Missouri Bancorp Inc. 3.19 7.07 3.94 3.14 0.35 2.05 61.45 57.14
SOBI Sobieski Bancorp Inc. 3.38 7.27 4.02 3.25 0.17 2.39 70.09 68.55
SOPN First Savings Bancorp Inc. 3.90 7.57 3.75 3.83 0.17 1.24 30.99 27.85
SOSA Somerset Savings Bank 4.04 8.17 4.31 3.85 0.22 2.96 63.36 61.24
SPBC St. Paul Bancorp Inc. 3.01 7.00 4.11 2.88 0.90 2.14 59.09 46.34
SRN Southern Banc Co. 2.77 7.05 4.33 2.72 0.10 2.08 72.14 71.15
SSB Scotland Bancorp Inc. 4.58 7.56 3.06 4.50 0.11 2.26 48.91 47.66
SSFC South Street Financial Corp. 3.37 7.15 3.85 3.30 0.06 1.93 57.30 56.46
SSM Stone Street Bancorp Inc. 4.77 7.91 3.30 4.60 0.15 2.40 50.37 48.74
STFR St. Francis Capital Corp. 2.74 7.11 4.57 2.54 0.37 1.99 64.20 59.00
STSA Sterling Financial Corp. 2.81 7.62 4.97 2.65 0.48 2.16 64.77 58.45
SVRN Sovereign Bancorp Inc. 2.63 7.16 4.62 2.54 0.23 1.36 45.74 40.73
SWBI Southwest Bancshares Inc. 3.39 7.43 4.26 3.17 0.19 1.73 56.11 53.50
SWCB Sandwich Bancorp Inc. 3.72 7.23 3.69 3.54 0.51 2.46 58.18 52.13
SZB SouthFirst Bancshares Inc. 3.81 7.33 3.82 3.51 1.07 3.43 74.91 67.27
THR Three Rivers Financial Corp. 3.70 7.53 3.95 3.58 0.53 2.82 68.85 64.29
THRD TF Financial Corp. 3.12 6.85 3.82 3.03 0.19 2.15 61.67 59.25
TPNZ Tappan Zee Financial Inc. 3.78 7.43 3.72 3.71 0.13 2.40 62.22 60.92
TRIC Tri-County Bancorp Inc. 3.19 7.33 4.22 3.11 0.16 1.84 56.26 54.01
TSBK Timberland Bancorp Inc. 4.72 8.59 4.05 4.54 0.50 2.56 50.80 45.40
TSBS Peoples Bancorp Inc. (MHC) 3.66 6.94 3.45 3.48 0.31 2.13 52.66 48.41
TSH Teche Holding Co. 3.39 7.56 4.25 3.31 0.73 2.55 63.87 55.95
TWIN Twin City Bancorp 3.92 7.73 3.99 3.74 0.39 2.58 63.03 59.21
UBMT United Financial Corp. 3.85 7.04 3.33 3.71 0.65 2.06 47.31 38.07
UCBC Union Community Bancorp 3.50 7.83 4.42 3.41 0.06 1.28 31.81 30.52
UFRM United Federal Savings Bank 3.86 8.19 4.59 3.60 0.95 3.45 75.52 69.04
USAB USABancshares Inc. 4.80 9.17 4.50 4.67 0.57 4.00 73.80 70.58
UTBI United Tennessee Bankshares 3.41 6.91 3.60 3.31 0.24 1.97 55.71 52.47
VABF Virginia Beach Fed. Financial 3.21 7.99 4.88 3.12 0.42 2.62 73.31 69.70
WAMU Washington Mutual Inc. 3.03 7.38 4.50 2.88 0.84 1.98 51.23 37.06
WAYN Wayne Savings Bancshares (MHC) 3.33 7.56 4.35 3.21 0.23 2.37 68.82 66.58
WBST Webster Financial Corp. 3.16 7.02 4.00 3.02 0.51 2.07 54.92 47.37
WCBI Westco Bancorp Inc. 3.64 7.58 4.04 3.54 0.26 1.56 41.31 37.07
WCFB Webster City Federal SB (MHC) 3.65 7.15 3.57 3.58 0.22 1.46 38.40 34.66
WEFC Wells Financial Corp. 3.42 7.56 4.21 3.36 0.50 1.96 50.95 43.69
WEHO Westwood Homestead Fin. Corp. 3.56 7.68 4.16 3.52 0.11 2.00 55.03 53.65
WES Westcorp 3.57 7.66 4.56 3.10 4.26 6.96 94.89 87.87
WFI Winton Financial Corp. 3.19 8.04 4.92 3.12 0.13 1.87 57.25 55.44
WFSL Washington Federal Inc. 3.68 8.16 4.58 3.58 0.08 0.74 18.27 16.54
Balance Sheet Growth as of the MRQ Market Data as of The Most Recent Quarter
-------------------------------------- ---------------------------------------------------------------------------------
Asset Loan Deposit MRQ MRQ MRQ MRQ MRQ Publicly MRQ Tangible
Growth Growth Growth Market Price Price Price Reported Publicly Rep
Rate Rate Rate Value Per Share High Low Book Value Book Value
Ticker (%) (%) (%) ($) ($) ($) ($) ($) ($)
- ------- -------------------------------------- ---------------------------------------------------------------------------------
RARB 8.77 13.88 1.78 65.83 28.00 29.250 15.500 13.010 12.83
RCBK NA NA NA 467.92 NA NA NA NA NA
REDF 14.42 22.00 6.81 143.75 19.88 21.125 12.375 11.650 11.61
RELI (0.14) 9.48 (1.41) 23.70 9.50 9.688 6.625 8.710 8.71
RELY 19.43 17.35 16.86 393.79 36.63 36.875 18.625 19.92 13.57
RIVR 64.64 92.27 50.56 23.51 17.00 17.250 13.250 14.800 14.59
ROSE 17.90 20.20 -6.02 613.73 33.25 35 16.563 14.54 14.54
RSLN (0.47) 88.77 (0.68) 1,058.33 23.25 24.313 15.000 14.400 14.33
RVSB 17.18 10.56 2.17 104.27 17.75 18.000 6.005 9.750 9.41
SBFL 23.59 33.22 21.26 72.29 16.00 16.000 6.625 6.080 6.08
SBOS (15.43) (13.03) 0.65 NA 41.75 44.000 28.750 40.290 40.29
SCBS (1.74) 17.30 0.90 19.33 18.25 19.000 13.000 12.400 12.40
SCCB (1.80) 0.58 5.20 12.54 22.50 25.25 15 15.99 15.99
SFED 5.79 12.99 7.01 31.42 26.88 26.875 14.750 17.730 17.73
SFFC 7.00 0.51 10.23 22.61 14.75 14.750 8.250 10.040 10.04
SFIN 6.17 2.21 (2.88) 103.93 24.00 24.000 14.125 14.390 14.37
SFSB 8.51 21.31 2.29 59.80 50.00 50.000 19.000 23.310 23.24
SFSL 8.58 10.71 12.89 169.39 20.88 21.500 11.667 8.380 8.25
SGVB 10.27 10.92 18.95 42.22 17.75 19.375 11.125 13.130 12.94
SHEN (7.59) 0.23 2.84 88.97 37.00 37.000 21.750 23.130 23.13
SHSB 8.43 5.76 0.34 14.45 16.75 17.870 14.750 14.650 14.65
SIB 48.75 12.33 2.91 930.81 20.94 20.938 19.063 15.200 14.79
SISB 8.58 9.88 7.62 285.73 40.19 40.250 22.375 18.170 18.17
SKAN 5.75 3.90 6.48 28.02 22.13 22.125 10.667 12.300 11.97
SKBO 2.25 3.50 (4.82) 46.00 18.75 19.875 11.625 10.740 10.74
SMBC 0.17 14.37 (6.53) 35.92 20.50 20.500 14.250 16.470 16.47
SOBI 10.86 24.36 (2.33) 15.88 20.38 20.375 13.750 17.750 17.75
SOPN 13.14 8.53 6.72 96.21 25.50 25.500 17.875 18.510 18.51
SOSA 4.32 6.30 3.02 83.81 5.00 5.938 1.984 2.150 2.15
SPBC 4.59 15.08 (1.58) 885.05 26.25 28.500 15.200 12.220 12.19
SRN (0.12) 15.53 (1.19) 20.30 17.75 18.000 13.125 14.840 14.72
SSB (9.69) (3.36) 9.21 18.42 9.94 19.250 9.875 7.730 7.73
SSFC (0.01) 1.64 1.61 53.78 19.00 20.000 13.750 7.850 7.85
SSM 2.16 12.02 0.61 39.15 22.19 27.250 19.250 16.370 16.37
STFR 13.36 17.00 19.00 233.68 50.50 50.500 26.000 24.730 22.05
STSA 22.12 14.28 14.87 196.81 21.75 22.500 13.625 13.590 12.56
SVRN 14.68 19.05 9.05 2,627.15 17.29 18.021 9.115 6.340 5.26
SWBI (3.69) 3.11 0.93 88.57 29.75 30.125 18.000 16.220 16.22
SWCB 11.65 15.55 8.95 124.30 44.00 45.000 27.250 21.630 20.88
SZB 77.63 52.31 101.60 20.86 22.75 22.750 12.875 16.400 15.98
THR 9.20 5.97 1.61 17.32 21.75 21.750 13.750 15.920 15.87
THRD (7.84) (18.83) (3.98) 90.84 30.00 30.000 16.250 17.360 14.49
TPNZ 8.35 3.86 10.23 29.75 18.75 22.625 13.625 14.560 14.56
TRIC 4.79 14.49 (6.45) 16.05 15.00 15.000 9.000 11.840 11.84
TSBK 44.22 2.02 58.95 119.03 NA NA NA NA NA
TSBS 6.56 4.35 0.44 391.26 45.25 45.250 15.750 12.160 10.98
TSH 5.06 5.07 5.25 75.63 22.75 23.500 14.375 16.090 16.09
TWIN 3.47 (0.93) 7.74 18.71 15.50 15.500 11.667 11.050 11.05
UBMT (7.30) 3.38 (9.88) 47.13 25.50 27.000 18.750 20.150 20.15
UCBC 59.49 8 3.01 45.25 14.63 14.688 14.625 14.11 14.11
UFRM 16.63 33.72 12.93 58.24 19.63 21.000 8.000 6.930 6.93
USAB 105.16 128.73 94.24 10.25 8.50 9.750 6.375 6.730 6.63
UTBI 48.30 8.47 51.90 21.82 NA NA NA NA NA
VABF 1.66 2.84 (3.77) 95.25 18.38 18.750 9.375 8.860 8.86
WAMU 10.93 9.67 (3.19) 19,059.44 63.81 72.375 42.750 20.800 19.37
WAYN 2.03 (1.42) 2.58 64.90 29.00 33.000 15.833 10.720 10.72
WBST 25.19 4.09 -2.06 952.31 66.50 66.750 35.125 27.990 24.41
WCBI 1.59 7.22 1.75 72.70 27.25 29.250 20.000 19.720 19.72
WCFB 1.40 0.36 0.81 42.19 20.00 22.000 12.750 10.600 10.60
WEFC 0.05 NA 0.02 37.72 17.88 19.000 12.875 15.130 15.13
WEHO 11.93 38.37 11.57 40.52 17.00 18.125 12.000 10.600 10.60
WES 11.81 8.16 6.77 443.45 16.88 23.500 13.250 13.270 13.24
WFI 12.88 13.06 11.96 64.73 10.19 10.313 5.875 6.080 5.97
WFSL (2.66) 1.72 4.93 1,473.36 28.58 30.285 20.455 14.090 12.99
Page 23 of 40
Exhibit 3
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 (%) (%) (%) (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------------
WHGB WHG Bancshares Corp. 3.84 7.22 3.55 3.68 0.13 2.47 64.91 63.65
WOFC Western Ohio Financial Corp. 2.95 7.59 4.69 2.90 0.18 2.32 71.57 69.82
WRNB Warren Bancorp Inc. 4.97 7.94 3.17 4.76 0.29 2.74 51.97 49.05
WSB Washington Savings Bank, FSB 2.49 8.02 5.63 2.38 0.23 1.69 70.47 67.60
WSBI Warwick Community Bancorp NA NA NA NA NA NA NA NA
WSFS WSFS Financial Corp. 3.06 7.45 4.73 2.72 1.31 2.39 57.20 36.60
WSTR WesterFed Financial Corp. 3.51 7.24 4.05 3.19 0.65 2.60 64.36 57.07
WVFC WVS Financial Corp. 3.65 7.64 4.02 3.61 0.12 1.67 44.79 42.93
WYNE Wayne Bancorp Inc. 3.50 7.28 3.84 3.44 0.23 2.28 63.28 60.79
YFCB Yonkers Financial Corp. 3.92 7.51 3.66 3.84 0.30 2.24 53.97 50.43
YFED York Financial Corp. 3.32 7.58 4.44 3.14 0.44 2.10 59.99 54.38
----------------------------------------------------------------------------------------------------------------------------
Average 3.48 7.46 4.12 3.33 0.46 2.31 60.48 55.09
Median 3.48 7.39 4.14 3.31 0.33 2.18 58.36 53.66
Balance Sheet Growth as of the MRQ Market Data as of The Most Recent Quarter
-------------------------------------- ---------------------------------------------------------------------------------
Asset Loan Deposit MRQ MRQ MRQ MRQ MRQ Publicly MRQ Tangible
Growth Growth Growth Market Price Price Price Reported Publicly Rep
Rate Rate Rate Value Per Share High Low Book Value Book Value
Ticker (%) (%) (%) ($) ($) ($) ($) ($) ($)
- ------- -------------------------------------- ---------------------------------------------------------------------------------
WHGB 5.71 1.13 7.13 26.04 18.75 18.750 13.125 14.340 14.34
WOFC (5.29) (2.65) 5.88 62.92 26.88 29.250 21.000 22.910 21.41
WRNB 3.35 7.06 2.82 93.25 23.00 24.125 14.750 10.520 10.52
WSB 3.55 (6.07) 5.27 35.25 8.25 9.500 4.875 5.230 5.23
WSBI NA NA NA 116.44 NA NA NA NA NA
WSFS 11.61 (7.10) 2.96 271.00 20.00 21.750 10.500 6.960 6.92
WSTR 83.65 83.99 87.53 145.83 25.50 27.000 17.625 19.310 15.69
WVFC 5.84 7.04 (0.52) 69.25 35.25 35.250 23.500 17.750 17.75
WYNE 10.64 23.02 10.91 60.41 26.75 27.500 14.875 16.860 16.86
YFCB 26.58 60.39 11.63 57.77 19.25 22.000 12.750 14.870 14.87
YFED 1.92 1.23 7.60 225.72 25.75 27.250 12.800 11.840 11.84
---------------------------------------------------------------------------------------------------------------------------
Average 12.96 15.49 9.26 279.67 24.34 25.41 14.91 14.74 14.27
Median 8.35 10.87 5.38 64.90 21.00 22.13 13.75 14.38 13.99
Page 24 of 40
Exhibit 3
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 (%) (%) (%) (%) (%) (%) (%) (%)
- -----------------------------------------------------------------------------------------------------------------------------------
ATSB AmTrust Capital Corp. 2.82 7.04 4.35 2.69 0.55 2.87 88.31 85.91
CKFB CKF Bancorp Inc. 3.75 7.46 3.80 3.66 0.10 1.67 42.50 40.92
FFBI First Financial Bancorp Inc. 3.08 7.18 4.25 2.93 0.55 2.97 85.19 82.41
FFDF FFD Financial Corp. 3.35 6.98 3.68 3.31 0.07 1.95 57.77 56.88
FTSB Fort Thomas Financial Corp. 4.15 8.49 4.46 4.03 0.31 2.29 52.81 49.23
HCFC Home City Financial Corp. 4.59 9.19 4.73 4.46 0.13 2.55 55.54 54.29
KYF Kentucky First Bancorp Inc. 3.45 7.23 3.85 3.37 0.18 1.91 53.63 51.11
LOGN Logansport Financial Corp. 3.95 7.62 3.80 3.81 0.20 1.55 38.75 35.59
MSBF MSB Financial Inc. 4.78 8.26 3.65 4.61 0.46 2.80 55.35 50.86
NSLB NS&L Bancorp Inc. 3.27 6.70 3.51 3.18 0.40 2.46 68.48 64.48
PFFC Peoples Financial Corp. 3.71 7.19 3.58 3.61 0.03 2.42 66.44 66.13
SFFC StateFed Financial Corp. 3.47 7.79 4.51 3.28 0.16 1.44 52.28 50.02
----------------------------------------------------------------------------------------------------------------------------
Average 3.70 7.59 4.01 3.58 0.26 2.24 59.75 57.32
Median 3.59 7.35 3.83 3.49 0.19 2.36 55.45 52.70
Maximum 4.78 9.19 4.73 4.61 0.55 2.97 88.31 85.91
Minimum 2.82 6.70 3.51 2.69 0.03 1.44 38.75 35.59
Balance Sheet Growth as of the MRQ Market Data as of The Most Recent Quarter
-------------------------------------- ---------------------------------------------------------------------------------
Asset Loan Deposit MRQ MRQ MRQ MRQ MRQ Publicly MRQ Tangible
Growth Growth Growth Market Price Price Price Reported Publicly Rep
Rate Rate Rate Value Per Share High Low Book Value Book Value
Ticker (%) (%) (%) ($) ($) ($) ($) ($) ($)
- ------- -------------------------------------- ---------------------------------------------------------------------------------
ATSB (4.31) (5.50) (7.14) 7.91 13.875 14.500 10.000 14.66 14.51
CKFB 4.77 5.12 0.98 17.12 18.500 20.500 17.500 17.14 17.14
FFBI (12.52) (25.95) 2.60 10.49 21.000 21.000 15.500 18.37 18.37
FFDF 7.20 25.22 7.93 32.51 18.000 19.500 13.000 15.38 15.38
FTSB 9.62 12.18 10.00 22.49 15.375 15.500 9.250 10.71 10.71
HCFC NA NA NA 16.85 18.500 18.500 12.000 15.47 15.47
KYF (1.78) 4.17 0.61 17.70 14.938 14.938 10.563 11.32 11.32
LOGN 10.88 11.99 5.57 22.54 18.000 18.000 11.125 13.12 13.12
MSBF 16.39 14.98 2.52 20.48 19.000 19.500 9.500 10.56 10.56
NSLB (0.98) 12.30 5.15 12.00 18.875 19.500 13.625 16.64 16.52
PFFC (7.60) 29.29 2.17 23.37 15.125 19.000 12.750 10.98 10.98
SFFC 7.00 0.51 10.23 22.61 14.750 14.750 8.250 10.04 10.04
- ---------------------------------------------------------------------------------------------------------------------------------
Average 2.61 7.66 3.69 18.84 17.16 17.93 11.92 13.70 13.68
Median 4.77 11.99 2.60 19.09 18.00 18.75 11.56 13.89 13.82
Maximum 16.39 29.29 10.23 32.51 21.00 21.00 17.50 18.37 18.37
Minimum (12.52) (25.95) (7.14) 7.91 13.88 14.50 8.25 10.04 10.04
MIVI * Mississippi View Holding Co. (2.43) 1.39 (2.62) 14.80 18.50 19.75 12.00 16.85 16.85
* Pricing data is based upon the last
trade on NASDAQ, the Bank's most
current price is $18.50
Variance to the Comparable Median (7.20) (10.60) (5.22) (4.29) 0.50 1.00 0.44 2.96 3.04
Page 25 of 40
Exhibit 3
Selected Data on all Public Thrifts
Dividends Current Pricing Data as of 04/02/98
------------------------ ---------------------------------------------------------------
Current LTM Dividend Price/ Price/ Price/ Tang
Dividend Payout LTM Price/ Price/ Price/ Publicly Rep Publicly Rep
Yield Ratio Core EPS Assets Earnings LTM EPS Book Value Book Value
Ticker Short Name ($) (%) (x) (%) (x) (x) (%) (%)
- -------------------------------------------------------------- ----------------------------------------------------------------
%CAL California Federal Bank NA NA NA NA NA NA NA NA
%CCMD Chevy Chase Bank, FSB NA NA NA NA NA NA NA NA
AABC Access Anytime Bancorp Inc. - 0.00 8.98 13.06 95.83 8.39 153.13 153.13
ABBK Abington Bancorp Inc. 0.90 18.18 22.94 15.21 19.87 20.23 222.72 244.77
ABCL Alliance Bancorp 1.58 30.86 20.05 16.40 21.12 21.78 170.80 172.81
ABCW Anchor BanCorp Wisconsin 0.71 14.13 23.53 20.96 19.37 21.71 315.35 320.53
AFBC Advance Financial Bancorp 1.65 NA NA 19.45 23.07 NA 127.80 127.80
AFCB Affiliated Community Bancorp 1.56 28.65 22.42 21.71 21.42 21.66 218.98 220.11
AFED AFSALA Bancorp Inc. 1.35 15.05 22.31 17.9 21.61 22.31 126.91 126.91
AHCI Ambanc Holding Co. 1.26 14.49 34.15 16.14 23.91 27.72 134.59 134.59
AHM H.F. Ahmanson & Co. 1.10 24.51 25.3 15.95 22.45 22.27 388.61 455.23
ALBC Albion Banc Corp. 0.99 23.17 24.43 11.24 19.20 23.37 131.10 131.10
ALBK ALBANK Financial Corp. 1.43 20.82 16.08 15.96 11.37 15.93 181.26 233.36
ALLB Alliance Bank (MHC) 1.03 58.06 56.45 43.98 67.31 56.45 392.82 392.82
AMFC AMB Financial Corp. 1.62 22.73 24.30 16.62 15.40 15.68 112.52 112.52
ANA Acadiana Bancshares Inc. 1.90 31.67 19.94 21.54 16.52 19.27 133.98 133.98
ANDB Andover Bancorp Inc. 1.90 27.31 16.39 15.63 15.38 16.06 193.05 193.05
ANE Alliance Bncp of New England 0.90 14.23 26.03 14.65 16.76 17.99 192.56 198.08
ASBI Ameriana Bancorp 3.10 55.86 21.26 17.06 19.10 18.58 150.11 150.22
ASBP ASB Financial Corp. 2.81 62.50 22.27 20.82 22.27 22.27 134.56 134.56
ASFC Astoria Financial Corp. 1.33 18.42 21.31 15.01 20.38 19.84 186.04 267.34
ATSB AmTrust Capital Corp. 1.29 35.09 62.00 11.45 29.81 27.19 105.73 106.82
AVND Avondale Financial Corp. - 0.00 NM 9.65 6.35 NM 113.88 113.88
BANC BankAtlantic Bancorp Inc. 0.93 838.57 27.82 11.93 13.14 14.48 176.47 202.11
BDJI First Federal Bancorp. - 0.00 23.11 16.70 19.11 23.11 164.12 164.12
BFD BostonFed Bancorp Inc. 1.15 20.97 21.90 13.77 19.61 19.61 154.66 160.48
BFFC Big Foot Financial Corp. - NA NA 24.25 26.09 NA 138.34 138.34
BFSB Bedford Bancshares Inc. 2.00 38.73 19.72 23.36 21.21 19.72 153.17 153.17
BKC American Bank of Connecticut 2.63 46.61 19.69 21.02 16.26 17.07 233.18 241.15
BKCT Bancorp Connecticut Inc. 2.58 42.82 20.96 23.13 18.63 18.63 218.28 218.28
BKUNA BankUnited Financial Corp. - 0.00 34.01 6.86 30.47 27.59 160.19 180.33
BNKU Bank United Corp. 1.22 23.39 24.08 13.25 20.83 21.17 270.76 277.78
BPLS Bank Plus Corp. - 0.00 20.55 6.97 41.67 22.73 160.26 176.06
BRKL Brookline Bancorp (MHC) - NA NA NA NA NA NA NA
BTHL Bethel Bancorp 2.56 20.83 16.89 6.89 16.45 13.02 91.17 108.60
BVCC Bay View Capital Corp. 1.14 32.08 24.14 13.01 97.22 33.02 243.39 293.13
BWFC Bank West Financial Corp. 1.66 43.42 43.94 22.42 NM 32.22 164.21 164.21
BYFC Broadway Financial Corp. 1.60 51.28 29.07 8.33 28.41 32.05 84.63 84.63
BYS Bay State Bancorp - NA NA NA NA NA NA NA
CAFI Camco Financial Corp. 2.02 29.70 19.96 17.15 17.34 16.23 182.33 196.53
CAPS Capital Savings Bancorp Inc. 1.04 19.51 19.66 17.96 17.97 18.70 190.40 190.40
CASB Cascade Financial Corp. - 0.00 20.27 12.05 17.86 19.74 173.81 173.81
CASH First Midwest Financial Inc. 2.05 29.77 19.16 15.44 16.23 17.84 142.62 159.88
CATB Catskill Financial Corp. 1.80 34.12 20.96 27.99 20.24 20.96 115.07 115.07
CAVB Cavalry Bancorp Inc. - NM NA NA NM NM NA NA
CBCI Calumet Bancorp Inc. - 0.00 15.60 23.16 12.46 15.67 138.09 138.09
CBES CBES Bancorp Inc. 1.78 33.90 21.84 20.69 25.57 19.07 131.73 131.73
CBK Citizens First Financial Corp. - 0.00 43.00 18.84 19.91 29.05 129.52 129.52
CBSA Coastal Bancorp Inc. 1.38 20.44 15.51 5.98 16.09 15.44 168.12 197.78
CBSB Charter Financial Inc. 0.95 26.02 34.73 36.77 36.62 27.39 236.57 264.22
CCFH CCF Holding Co. 2.97 326.69 NM 15.52 44.92 134.77 164.98 164.98
CEBK Central Co-operative Bank 0.99 22.38 24.71 17.33 23.81 22.64 176.43 195.15
CENB Century Bancorp Inc. 1.81 34.64 25.4 43.91 29.64 25.46 145.64 145.64
CENF CENFED Financial Corp. 0.76 15.14 23.05 12.85 33.75 20.81 209.26 209.53
CFB Commercial Federal Corp. 0.60 9.43 18.14 16.78 17.13 17.87 263.16 291.80
CFBC Community First Banking Co. 1.28 NA NA 28.60 NA NA 148.46 150.47
CFCP Coastal Financial Corp. 1.50 27.98 22.86 19.89 18.18 19.05 332.87 332.87
CFFC Community Financial Corp. 1.75 37.84 21.62 22.35 19.05 21.62 163.93 164.61
CFNC Carolina Fincorp Inc. 1.35 22.37 24.4 28.76 23.44 23.44 126.69 126.69
CFSB CFSB Bancorp Inc. 1.79 31.66 23.30 25.98 20.8 21.74 327.98 327.98
CFTP Community Federal Bancorp 1.73 438.28 28.91 37.45 30.83 28.91 125.59 125.59
CFX CFX Corp. 1.31 112.82 31.31 28.06 52.34 42.95 328.11 340.10
CIBI Community Investors Bancorp 1.68 27.68 17.92 17.88 19.00 17.92 154.35 154.35
CKFB CKF Bancorp Inc. 2.53 113.95 20.36 27.24 18.99 15.31 115.23 115.23
Productivity
-------------
Full Time
Equivalent
Employees
Ticker Most Recent Qtr
- ----- ---------------
%CAL 5031
%CCMD 4388
AABC 60
ABBK 165
ABCL 440
ABCW 551
AFBC NA
AFCB 220
AFED 50
AHCI 181
AHM 7849
ALBC 27
ALBK 1438
ALLB 73
AMFC NA
ANA 86
ANDB 280
ANE 83
ASBI NA
ASBP 21
ASFC 1241
ATSB NA
AVND 201
BANC NA
BDJI 39
BFD 252
BFFC NA
BFSB 39
BKC 133
BKCT 110
BKUNA 258
BNKU 1593
BPLS 506
BRKL 92
BTHL NA
BVCC 640
BWFC 66
BYFC 51
BYS 72
CAFI 194
CAPS 80
CASB 143
CASH 104
CATB 70
CAVB 153
CBCI 135
CBES 55
CBK 100
CBSA 451
CBSB 104
CCFH 67
CEBK NA
CENB 11
CENF 321
CFB 1569
CFBC 176
CFCP 180
CFFC 58
CFNC 42
CFSB 240
CFTP 34
CFX 976
CIBI 26
CKFB 9
Page 26 of 40
Exhibit 3
Selected Data on all Public Thrifts
Dividends Current Pricing Data as of 04/02/98
------------------------ ---------------------------------------------------------------
Current LTM Dividend Price/ Price/ Price/ Tang
Dividend Payout LTM Price/ Price/ Price/ Publicly Rep Publicly Rep
Yield Ratio Core EPS Assets Earnings LTM EPS Book Value Book Value
Ticker Short Name ($) (%) (x) (%) (x) (x) (%) (%)
- -------------------------------------------------------------- ----------------------------------------------------------------
CLAS Classic Bancshares Inc. 1.40 31.46 28.57 19.58 21.74 22.47 130.04 152.44
CMRN Cameron Financial Corp 1.37 29.17 21.35 24.88 23.30 21.35 116.08 116.08
CMSB Commonwealth Bancorp Inc. 1.41 27.45 32.32 16.20 21.75 22.18 171.14 216.71
CMSV Community Savings Bnkshrs(MHC) 2.40 84.91 38.27 26.53 44.64 35.38 228.80 228.80
CNIT CENIT Bancorp Inc. 1.51 27.70 22.59 18.35 19.11 22.02 250.63 272.54
CNSB CNS Bancorp Inc. 1.32 42.31 35.78 30.82 32.59 35.10 126.12 126.12
CNY Carver Bancorp Inc. - NM 43.75 8.28 26.56 NM 97.67 101.54
COFI Charter One Financial 1.49 41.28 21.05 21.63 NM 29.23 310.47 332.36
CONE Conestoga Bancorp, Inc. NA 28.17 NA NA NA NA NA NA
COOP Cooperative Bankshares Inc. - 0.00 27.9 15.56 26.74 27.50 203.06 203.06
CRSB Crusader Holding Corp. - NA NA 23.83 9.86 NA 677.31 677.31
CRZY Crazy Woman Creek Bancorp 2.37 51.28 21.36 26.51 20.09 21.63 112.20 112.20
CSBF CSB Financial Group Inc. - 0.00 53.00 23.37 27.60 49.07 101.22 107.55
CTZN CitFed Bancorp Inc. 0.63 11.16 28.2 21.51 26.02 28.2 354.71 388.4
CVAL Chester Valley Bancorp Inc. 1.26 31.49 25.74 23.31 23.03 24.31 264.35 264.35
DCBI Delphos Citizens Bancorp Inc. 1.14 0.00 22.11 37.92 23.86 22.11 141.60 141.60
DIBK Dime Financial Corp. 1.35 12.66 11.37 19.23 10.75 11.29 232.50 238.72
DIME Dime Community Bancorp Inc. 1.22 11.17 29.49 21.94 27.34 27.93 175.35 202.86
DME Dime Bancorp Inc. 0.53 10.71 26.90 16.04 41.84 26.90 266.59 324.97
DNFC D & N Financial Corp. 0.72 5.95 20.26 13.91 17.34 18.14 257.42 259.83
DSL Downey Financial Corp. 0.99 18.71 19.90 14.87 15.30 19.19 201.73 204.27
EBI Equality Bancorp Inc. 1.55 NA NA 16.81 NA NA 150.34 150.34
EBSI Eagle Bancshares 2.20 66.67 25.00 16.68 22.71 30.28 212.23 212.23
EFBC Empire Federal Bancorp Inc. 1.75 NA NA 40.43 26.76 NA 109.36 109.36
EFBI Enterprise Federal Bancorp 3.08 89.29 32.50 21.42 32.50 29.02 199.26 199.39
EGFC Eagle Financial Corp. 1.70 71.11 34.10 17.82 19.93 43.70 252.24 311.18
EGLB Eagle BancGroup Inc. - 0.00 66.53 14.19 57.29 47.97 119.63 119.63
EMLD Emerald Financial Corp. 1.26 20.34 19.87 18.69 18.54 18.86 232.74 235.95
EQSB Equitable Federal Savings Bank - 0.00 19.10 12.84 19.32 18.89 246.91 246.91
ESBK Elmira Savings Bank (The) 2.13 50.38 23.08 9.62 41.67 24.79 149.48 149.48
ESX Essex Bancorp Inc. - 0.00 NM 2.62 NM NM NM NM
ETFS East Texas Financial Services 0.91 26.64 31.79 18.75 36.56 29.25 107.3 107.30
FAB FIRSTFED AMERICA BANCORP INC. - NA NA 15.82 21.94 NA 131.56 131.56
FBBC First Bell Bancorp Inc. 1.95 32.52 17.08 19.75 16.53 16.67 182.87 182.87
FBCI Fidelity Bancorp Inc. 1.60 88.89 23.36 14.37 18.38 69.44 137.21 137.44
FBCV 1ST Bancorp 0.95 14.29 23.73 11.92 17.50 15.56 132.83 135.20
FBER 1st Bergen Bancorp 1.04 20.25 24.37 18.99 22.92 24.37 140.41 140.41
FBHC Fort Bend Holding Corp. 1.44 22.68 40.22 15.29 30.16 28.61 225.98 241.09
FBNW FirstBank Corp. 1.40 NA NA 21.65 20.00 NA 123.53 123.53
FBSI First Bancshares Inc. 0.76 11.49 19.13 21.48 17.26 18.25 149.20 149.20
FCB Falmouth Bancorp Inc. 1.05 29.85 40.85 34.11 22.88 34.14 142.43 142.43
FCBF FCB Financial Corp. 2.42 54.68 23.08 24.52 18.33 23.74 173.96 173.96
FCME First Coastal Corp. - 0.00 19.26 13.23 16.19 15.66 130.85 130.85
FDEF First Defiance Financial 2.32 53.23 25.83 22.80 35.23 25.00 123.70 123.70
FED FirstFed Financial Corp. - 0.00 19.79 10.63 17.11 19.42 198.43 200.14
FESX First Essex Bancorp Inc. 2.33 40.00 21.48 15.14 20.05 19.25 199.20 226.58
FFBA First Colorado Bancorp Inc. 1.75 37.70 25.59 32.08 20.62 24.33 238.46 243.34
FFBH First Federal Bancshares of AR 0.97 18.18 25.00 25.61 23.96 23.76 169.82 169.82
FFBI First Financial Bancorp Inc. - 0.00 41.39 12.69 52.60 84.17 137.45 137.45
FFBS FFBS BanCorp Inc. 2.25 208.33 18.54 25.92 18.54 18.54 147.64 147.64
FFBZ First Federal Bancorp Inc. 1.17 22.73 22.86 18.10 28.57 21.82 262.58 262.87
FFCH First Financial Holdings Inc. 1.59 33.19 23.76 19.89 23.55 23.34 308.84 308.84
FFDB FirstFed Bancorp Inc. 2.08 41.67 17.39 15.50 17.65 17.39 160.00 174.29
FFDF FFD Financial Corp. 1.33 23.11 40.18 35.19 46.88 18.91 146.29 146.29
FFED Fidelity Federal Bancorp 4.27 62.50 15.37 13.59 18.03 14.65 186.75 186.75
FFES First Federal of East Hartford 1.61 29.70 18.95 11.63 18.53 20.92 170.64 170.64
FFFD North Central Bancshares Inc. 1.37 20.66 20.1 34.31 17.14 19.27 151.09 151.09
FFFL Fidelity Bankshares Inc. (MHC) 2.95 87.77 38.13 19.78 25.42 32.45 241.11 242.64
FFHH FSF Financial Corp. 2.45 45.45 18.52 15.25 19.59 18.52 124.69 124.69
FFHS First Franklin Corp. 1.49 26.09 21.16 13.90 16.80 19.47 150.90 151.66
FFIC Flushing Financial Corp. 1.16 18.64 24.34 19.87 21.48 23.31 158.5 164.97
FFKY First Federal Financial Corp. 2.52 36.49 15.24 23.74 15.89 15.03 173.69 183.73
FFLC FFLC Bancorp Inc. 1.80 30.00 21.98 18.71 20.00 20.83 145.56 145.56
FFOH Fidelity Financial of Ohio 1.75 143.82 21.47 19.07 19.84 20.51 158.83 180.16
Productivity
-------------
Full Time
Equivalent
Employees
Ticket Most Recent Qtr
- ----- ---------------
CLAS NA
CMRN 57
CMSB 732
CMSV 278
CNIT 236
CNSB 27
CNY 115
COFI 4327
CONE 105
COOP 114
CRSB NA
CRZY 10
CSBF NA
CTZN 775
CVAL 107
DCBI 21
DIBK 147
DIME 245
DME 6000
DNFC 487
DSL 1097
EBI 87
EBSI 546
EFBC 37
EFBI 38
EGFC 406
EGLB 52
EMLD 122
EQSB NA
ESBK 111
ESX 95
ETFS 29
FAB NA
FBBC 56
FBCI NA
FBCV 90
FBER 58
FBHC 146
FBNW 91
FBSI 65
FCB 29
FCBF NA
FCME 74
FDEF 155
FED 437
FESX 274
FFBA 367
FFBH 156
FFBI 36
FFBS 32
FFBZ 70
FFCH 571
FFDB 67
FFDF 24
FFED 107
FFES 178
FFFD NA
FFFL NA
FFHH 91
FFHS 52
FFIC 203
FFKY 103
FFLC 131
FFOH 102
Page 27 of 40
Exhibit 3
Selected Data on all Public Thrifts
Dividends Current Pricing Data as of 04/02/98
------------------------ ---------------------------------------------------------------
Current LTM Dividend Price/ Price/ Price/ Tang
Dividend Payout LTM Price/ Price/ Price/ Publicly Rep Publicly Rep
Yield Ratio Core EPS Assets Earnings LTM EPS Book Value Book Value
Ticker Short Name ($) (%) (x) (%) (x) (x) (%) (%)
- -------------------------------------------------------------- ----------------------------------------------------------------
FFPB First Palm Beach Bancorp Inc. 1.74 33.78 28.35 11.17 22.36 21.76 175.38 179.37
FFSL First Independence Corp. 2.00 34.72 20.83 12.59 20.83 20.83 125.94 125.94
FFSX First Fed SB of Siouxland(MHC) 1.30 40.34 32.17 22.85 33.04 31.09 258.02 260.01
FFWC FFW Corp. 1.80 27.38 16.13 15.09 14.71 15.87 157.60 172.86
FFWD Wood Bancorp Inc. 1.70 31.39 26.32 31.84 23.81 23.53 248.76 248.76
FFYF FFY Financial Corp. 2.41 37.18 17.23 22.01 16.63 17.05 161.96 161.96
FGHC First Georgia Holding Inc. 3.30 0.00 26.94 22.24 20.21 22.45 267.66 288.69
FIBC Financial Bancorp Inc. 2.00 25.48 14.88 13.87 14.88 15.92 155.28 155.96
FISB First Indiana Corp. 1.75 29.41 24.89 21.49 18.01 20.13 226.61 229.27
FKFS First Keystone Financial 1.03 8.40 18.4 12.43 16.81 16.39 187.86 187.86
FKKY Frankfort First Bancorp Inc. 4.78 NM 27.92 20.42 17.45 119.64 120.33 120.33
FLAG FLAG Financial Corp. 1.69 34.34 27.20 16.53 25.16 20.33 185.83 185.83
FLFC First Liberty Financial Corp. 1.33 33.33 26.19 20.05 17.93 26.83 264.21 290.75
FLGS Flagstar Bancorp Inc. 0.90 3.57 15.81 19.10 15.09 15.81 286.86 297.46
FLKY First Lancaster Bancshares 3.23 45.45 28.18 29.62 24.22 28.18 103.89 103.89
FMBD First Mutual Bancorp Inc. 1.63 103.23 75.48 17.58 81.77 63.31 116.82 152.37
FMCO FMS Financial Corp. 0.71 10.71 17.63 15.01 18.63 17.63 242.33 245.34
FMSB First Mutual Savings Bank 1.10 46.44 17.26 16.77 16.78 16.94 243.94 243.94
FNGB First Northern Capital Corp. 2.64 48.48 21.63 18.05 18.92 20.64 163.17 163.17
FOBC Fed One Bancorp 1.66 44.12 27.69 24.20 27.48 27.48 211.52 220.76
FPRY First Financial Bancorp NA 39.66 NA NA NA NA NA NA
FSBI Fidelity Bancorp Inc. 1.14 20.39 18.80 12.60 19.22 18.39 184.28 184.28
FSFF First SecurityFed Financial - NA NA 31.45 NA NA 108.09 108.47
FSLA First Savings Bank (MHC) 1.17 36.99 33.61 31.32 33.06 35.34 323.34 354.06
FSNJ Bayonne Bancshares Inc. 1.10 NA NA 22.97 29.81 NA 145.81 145.81
FSPG First Home Bancorp Inc. 1.23 23.26 19.30 16.43 19.42 18.97 236.41 239.71
FSPT FirstSpartan Financial Corp. 1.33 NA NA 40.25 26.16 NA 152.44 152.44
FSSB First FS&LA of San Bernardino - 0.00 NM 3.05 NM NM 70.36 73.03
FSTC First Citizens Corp. 0.98 14.42 17.42 25.70 17.80 15.75 254.67 318.58
FTF Texarkana First Financial Corp 2.00 30.08 16.09 27.34 15.91 15.82 180.41 180.41
FTFC First Federal Capital Corp. 1.46 26.37 23.57 19.64 17.19 18.64 277.31 293.07
FTNB Fulton Bancorp Inc. 1.09 25.64 34.92 35.03 27.50 28.21 146.08 146.08
FTSB Fort Thomas Financial Corp. 1.64 36.59 18.60 22.51 18.15 18.60 142.39 142.39
FWWB First SB of Washington Bancorp 1.40 21.21 20.60 23.01 18.93 19.51 159.74 172.47
GAF GA Financial Inc. 2.39 36.52 18.46 19.81 15.72 17.50 133.72 134.98
GDW Golden West Financial 0.52 7.42 15.98 13.91 14.89 15.74 204.1 204.10
GFCO Glenway Financial Corp. 2.00 35.58 19.23 14.98 18.52 19.23 161.16 162.87
GFED Guaranty Federal Bcshs Inc. 2.45 NA NA 33.05 NA NA 109.57 109.57
GLMR Gilmer Financial Svcs, Inc. - 0.00 20.77 6.41 NM 117.71 71.05 71.05
GOSB GSB Financial Corp. - NA NA 32.98 30.36 NA 115.96 115.96
GPT GreenPoint Financial Corp. 1.72 26.88 20.66 24.06 18.97 19.99 218.75 401.17
GSB Golden State Bancorp Inc. - 0.00 21.74 12.45 23.86 26.08 235.41 260.83
GSBC Great Southern Bancorp Inc. 1.68 25.15 17.30 28.08 14.84 16.03 321.34 324.13
GSFC Green Street Financial Corp. 2.40 85.29 27.02 43.95 27.02 27.02 124.75 124.75
GSLA GS Financial Corp. 1.39 NA NA 52.67 50.31 NA 123.47 123.47
GTPS Great American Bancorp 1.88 81.63 43.37 25.02 35.42 43.37 115.05 115.05
GUPB GFSB Bancorp Inc. 1.70 36.70 21.56 16.40 19.58 21.56 131.21 131.21
HALL Hallmark Capital Corp. - 0.00 16.4 10.82 15.89 16.05 141.86 141.86
HARBD Harbor Florida Bancshares Inc. 11.67 NA NA NA NA NA NA NA
HARL Harleysville Savings Bank 1.41 20.40 15.49 14.90 16.21 15.49 218.73 218.73
HARS Harris Financial Inc. (MHC) 0.82 38.44 72.97 41.44 84.38 51.92 510.40 572.03
HAVN Haven Bancorp Inc. 1.09 24.19 22.1 12.29 20.31 22.28 214.98 215.65
HBBI Home Building Bancorp 1.25 26.32 22.02 17.63 25.00 21.05 116.45 116.45
HBEI Home Bancorp of Elgin Inc. 2.30 68.18 41.37 33.78 43.44 39.49 125.09 125.09
HBFW Home Bancorp 0.59 16.39 28.1 23.17 30.36 27.87 190.69 190.69
HBNK Highland Bancorp Inc. - 0.00 18.75 15.82 13.02 14.53 209.50 209.50
HBS Haywood Bancshares Inc. 2.64 37.50 14.97 18.53 21.88 14.97 128.31 132.65
HCBB HCB Bancshares Inc. 1.35 NA NA 19.20 53.12 NA 102.94 106.63
HCBC High Country Bancorp Inc. - NA NA 23.15 NA NA 113.05 113.05
HCFC Home City Financial Corp. 1.93 33.67 18.81 23.45 19.4 19.01 120.39 120.39
HEMT HF Bancorp Inc. - 0.00 46.88 9.99 38.35 NM 126.98 150.94
HFBC HopFed Bancorp Inc. - NA NA NA NA NA NA NA
HFFB Harrodsburg First Fin Bancorp 2.32 75.95 21.84 31.45 21.56 21.84 108.83 108.83
HFFC HF Financial Corp. 1.38 19.70 16.58 15.64 13.86 15.40 163.10 163.10
Productivity
-------------
Full Time
Equivalent
Employees
Ticker Most Recent Qtr
- ------ ---------------
FFPB 436
FFSL 27
FFSX 169
FFWC 53
FFWD 47
FFYF 177
FGHC 85
FIBC 56
FISB 625
FKFS 74
FKKY 25
FLAG 124
FLFC 534
FLGS 1184
FLKY NA
FMBD 173
FMCO 272
FMSB 125
FNGB 216
FOBC 134
FPRY NA
FSBI NA
FSFF 76
FSLA 214
FSNJ 80
FSPG 117
FSPT 130
FSSB 51
FSTC NA
FTF 35
FTFC 690
FTNB NA
FTSB 20
FWWB NA
GAF 206
GDW 4031
GFCO 69
GFED 79
GLMR 12
GOSB 37
GPT 1831
GSB 2865
GSBC 419
GSFC 31
GSLA 33
GTPS NA
GUPB NA
HALL 77
HARB 336
HARL 54
HARS 483
HAVN 593
HBBI 13
HBEI 123
HBFW 83
HBNK 110
HBS 35
HCBB 70
HCBC 39
HCFC 15
HEMT NA
HFBC 29
HFFB 15
HFFC 252
Page 28 of 40
Exhibit 3
Selected Data on all Public Thrifts
Dividends Current Pricing Data as of 04/02/98
------------------------ ---------------------------------------------------------------
Current LTM Dividend Price/ Price/ Price/ Tang
Dividend Payout LTM Price/ Price/ Price/ Publicly Rep Publicly Rep
Yield Ratio Core EPS Assets Earnings LTM EPS Book Value Book Value
Ticker Short Name ($) (%) (x) (%) (x) (x) (%) (%)
- -------------------------------------------------------------- ----------------------------------------------------------------
HFGI Harrington Financial Group 1.04 29.03 37.10 6.85 NM 37.10 153.33 153.33
HFNC HFNC Financial Corp. 2.44 788.06 24.76 24.77 19.30 19.59 135.87 135.87
HFSA Hardin Bancorp Inc. 2.74 46.00 20.65 13.56 16.96 19.00 119.57 119.57
HFWA Heritage Financial Corp. 0.93 NA NA NA NA NA NA NA
HHFC Harvest Home Financial Corp. 2.93 62.12 22.73 14.36 26.79 22.73 129.09 129.09
HIFS Hingham Instit. for Savings 1.43 29.50 18.25 21.38 17.89 18.25 222.56 222.56
HLFC Home Loan Financial Corp. - NA NA NA NA NA NA NA
HMLK Hemlock Federal Financial Corp 1.47 NA NA 22.33 21.59 NA 129.69 129.69
HMNF HMN Financial Inc. - 0.00 25.88 17.54 23.59 20.74 143.52 154.60
HOMF Home Federal Bancorp 1.29 18.33 20.00 22.34 15.82 17.71 253.89 261.16
HPBC Home Port Bancorp Inc. 3.18 44.69 14.36 22.16 13.36 14.04 210.78 210.78
HRBF Harbor Federal Bancorp Inc. 2.00 44.44 25.26 17.4 24.00 24.24 139.37 139.37
HRZB Horizon Financial Corp. 2.41 36.67 16.59 25.54 16.29 16.44 160.37 160.37
HTHR Hawthorne Financial Corp. - 0.00 11.75 6.49 27.08 14.23 142.44 142.44
HWEN Home Financial Bancorp 1.08 26.32 31.9 19.75 23.13 24.34 116.35 116.35
HZFS Horizon Financial Svcs Corp. 1.11 19.64 24.25 15.62 16.25 19.35 153.59 153.59
IBSF IBS Financial Corp. 2.10 64.74 35.30 28.65 34.04 35.30 161.55 161.55
ICBC Independence Comm. Bank Corp. - NA NA NA NA NA NA NA
IFSB Independence Federal Svgs Bank 1.35 18.03 52.86 8.79 14.45 15.16 122.92 136.73
INBI Industrial Bancorp Inc. 2.61 46.60 22.33 32.24 20.54 22.33 192.79 192.79
INCB Indiana Community Bank SB 1.74 69.23 39.90 20.06 34.58 39.90 165.08 165.08
IPSW Ipswich Savings Bank 0.99 14.20 22.40 16.92 14.93 18.32 325.1 325.1
ITLA ITLA Capital Corp. - 0.00 13.22 16.03 12.35 13.22 160.73 161.23
IWBK InterWest Bancorp Inc. 1.72 25.10 20.30 17.94 17.56 17.63 266.57 271.14
JOAC Joachim Bancorp Inc. 3.04 138.89 45.66 34.69 45.66 45.66 119.99 119.99
JSB JSB Financial Inc. 2.80 38.46 17.93 36.96 9.79 15.71 154.35 154.35
JSBA Jefferson Savings Bancorp 0.94 20.37 29.75 24.07 28.61 27.55 237.62 298.99
JXSB Jacksonville Savings Bk (MHC) 1.24 55.02 60.31 27.40 60.31 48.25 263.09 263.09
JXVL Jacksonville Bancorp Inc. 2.44 36.76 15.07 21.28 16.02 15.07 145.49 145.49
KFBI Klamath First Bancorp 1.50 33.33 24.46 23.31 25.85 24.46 142.9 156.36
KNK Kankakee Bancorp Inc. 1.29 24.00 19.01 14.88 18.63 18.63 135.11 143.32
KSAV KS Bancorp Inc. NA 63.46 NA NA NA NA NA NA
KSBK KSB Bancorp Inc. 0.54 5.64 14.68 15.01 12.85 14.23 198.29 207.63
KYF Kentucky First Bancorp Inc. 3.54 64.10 18.34 21.24 22.07 18.11 124.78 124.78
LARK Landmark Bancshares Inc. 1.58 29.20 20.04 18.25 18.04 18.43 129.55 129.55
LARL Laurel Capital Group Inc. 1.63 25.20 16.73 21.66 18.32 16.73 204.92 204.92
LFBI Little Falls Bancorp Inc. 1.03 20.67 27.08 15.48 24.38 26.00 132.83 143.49
LFCO Life Financial Corp. - 0.00 7.74 31.99 6.89 8.08 240.44 240.44
LFED Leeds Federal Bankshares (MHC) 2.59 78.80 32.77 38.46 33.79 32.77 231.28 231.28
LISB Long Island Bancorp Inc. 0.89 27.78 37.50 26.56 29.44 31.08 289.46 292.10
LOGN Logansport Financial Corp. 2.24 42.11 18.62 26.17 15.41 18.82 136.24 136.24
LONF London Financial Corp. 1.57 609.30 19.06 20.52 15.25 17.73 149.07 149.07
LSBI LSB Financial Corp. 1.27 18.49 19.81 13.97 16.07 17.80 152.62 152.62
LSBX Lawrence Savings Bank - 0.00 10.14 21.74 5.43 10.03 208.10 208.10
LVSB Lakeview Financial Corp. 1.04 8.08 25.26 19.71 9.52 15.48 204.26 248.96
LXMO Lexington B&L Financial Corp. 1.83 42.86 23.39 19.85 22.74 23.39 108.23 115.40
MAFB MAF Bancorp Inc. 0.71 11.34 16.81 17.15 16.74 16.60 225.07 255.50
MARN Marion Capital Holdings 3.09 56.58 18.75 26.47 25.45 18.75 127.35 130.14
MASB MASSBANK Corp. 2.00 31.95 19.58 19.34 17.40 18.10 172.49 175.02
MBB MSB Bancorp Inc. 1.58 150.00 33.18 13.19 NM 88.75 161.95 304.46
MBBC Monterey Bay Bancorp Inc. 0.55 19.64 50.00 20.18 49.04 45.54 161.09 172.76
MBLF MBLA Financial Corp. 1.46 30.08 20.28 15.55 19.01 20.58 122.65 122.65
MBSP Mitchell Bancorp Inc. 2.34 66.67 28.54 44.16 32.93 28.54 110.06 110.06
MCBN Mid-Coast Bancorp Inc. 1.36 26.68 20.90 14.47 17.71 19.62 173.71 173.71
MDBK Medford Bancorp Inc. 1.81 37.66 19.24 17.70 19.07 18.51 197.99 210.41
MECH MECH Financial Inc. - 0.00 12.70 18.54 20.56 12.55 186.79 186.79
MERI Meritrust Federal SB 0.88 21.08 24.10 26.49 25.32 24.10 311.77 311.77
METF Metropolitan Financial Corp. - 0.00 21.59 12.67 15.99 20.27 319.71 347.80
MFBC MFB Corp. 1.28 26.89 22.46 16.32 22.08 22.27 128.58 128.58
MFFC Milton Federal Financial Corp. 3.78 103.45 28.35 16.45 30.53 27.37 130.02 130.02
MFLR Mayflower Co-operative Bank 2.95 40.76 19.24 18.49 15.07 17.28 189.55 192.51
MFSL Maryland Federal Bancorp 1.16 28.79 28.28 21.19 25.49 26.72 244.63 247.13
MIFC Mid-Iowa Financial Corp. 0.63 9.09 15.94 16.11 15.94 14.49 172.06 172.30
MIVI Mississippi View Holding Co. 1.60 16.84 21.28 21.57 20.83 21.05 118.69 118.69
Productivity
-------------
Full Time
Equivalent
Employees
Tick Most Recent Qtr
- ---- ---------------
HFGI 68
HFNC 125
HFSA 20
HFWA 146
HHFC NA
HIFS 63
HLFC NA
HMLK NA
HMNF 150
HOMF 252
HPBC 50
HRBF 48
HRZB 117
HTHR NA
HWEN 18
HZFS 27
IBSF 132
ICBC NA
IFSB NA
INBI 86
INCB NA
IPSW 64
ITLA 154
IWBK 627
JOAC 14
JSB NA
JSBA 295
JXSB 83
JXVL NA
KFBI 234
KNK 114
KSAV 33
KSBK NA
KYF 20
LARK 49
LARL 50
LFBI 41
LFCO 272
LFED 28
LISB 1336
LOGN 14
LONF 10
LSBI 64
LSBX 100
LVSB NA
LXMO NA
MAFB 855
MARN 44
MASB 178
MBB 221
MBBC 99
MBLF 12
MBSP 6
MCBN 25
MDBK 252
MECH 232
MERI 96
METF 281
MFBC 69
MFFC 52
MFLR 48
MFSL 280
MIFC 37
MIVI 21
Page 29 of 40
Exhibit 3
Selected Data on all Public Thrifts
Dividends Current Pricing Data as of 04/02/98
------------------------ ---------------------------------------------------------------
Current LTM Dividend Price/ Price/ Price/ Tang
Dividend Payout LTM Price/ Price/ Price/ Publicly Rep Publicly Rep
Yield Ratio Core EPS Assets Earnings LTM EPS Book Value Book Value
Ticker Short Name ($) (%) (x) (%) (x) (x) (%) (%)
- -------------------------------------------------------------- ----------------------------------------------------------------
MONT Montgomery Financial Corp. 1.73 NA NA 19.94 24.52 NA 107.23 107.23
MRKF Market Financial Corp. 1.62 NA NA 40.54 35.94 NA 114.01 114.01
MSBF MSB Financial Inc. 1.81 29.95 19.79 26.54 16.63 18.27 157.43 157.43
MSBK Mutual Savings Bank FSB - 0.00 NM 8.63 NM NM 169.71 169.71
MWBI Midwest Bancshares Inc. 1.50 18.42 15.84 11.06 14.29 14.04 152.96 152.96
MWBX MetroWest Bank 1.51 32.08 14.98 18.39 15.27 14.98 250.41 250.41
MYST Mystic Financial Inc. - NA NA NA NA NA NA NA
NASB NASB Financial Inc. 1.57 14.87 14.52 19.45 11.38 11.85 229.07 235.94
NBN Northeast Bancorp 1.17 30.46 27.46 14.45 34.86 25.89 191.60 212.49
NBSI North Bancshares Inc. 2.29 76.19 44.87 20.35 54.69 41.67 150.86 150.86
NEIB Northeast Indiana Bancorp 1.58 23.72 15.69 18.68 14.53 15.69 136.42 136.42
NEP Northeast PA Financial Corp. - NA NA NA NA NA NA NA
NHTB New Hampshire Thrift Bncshrs 2.82 37.59 17.56 13.95 14.76 15.98 173.61 200.85
NMSB NewMil Bancorp Inc. 2.30 39.39 21.12 15.21 20.50 21.12 163.21 163.21
NSLB NS&L Bancorp Inc. 2.86 75.76 26.92 20.76 31.25 26.52 105.17 105.93
NSSY NSS Bancorp Inc. 0.85 12.20 64.55 17.05 17.07 19.16 209.54 215.87
NTBK Net.B@nk Inc. - 0.00 NM 182.93 NM NM 500.00 500.00
NTMG Nutmeg Federal S&LA 1.91 25.15 38.89 9.85 29.17 25.61 178.57 178.57
NWEQ Northwest Equity Corp. 2.84 37.04 16.25 17.8 14.27 15.65 142.54 142.54
NWSB Northwest Bancorp Inc. (MHC) 0.94 38.10 40.48 35.38 38.64 40.48 382.88 431.47
OCFC Ocean Financial Corp. 2.16 33.90 20.82 19.26 19.71 20.94 135.02 135.02
OCN Ocwen Financial Corp. - 0.00 54.17 51.31 17.57 18.71 375.18 389.81
OFCP Ottawa Financial Corp. 1.36 27.13 23.05 17.69 19.93 22.01 205.29 252.35
OHSL OHSL Financial Corp. 2.73 54.32 20.67 16.75 21.22 19.91 149.31 149.31
OSFS Ohio State Financial Services - NA NA 26.32 NA NA 97.15 97.15
OTFC Oregon Trail Financial Corp. 1.13 NA NA 29.92 NA NA 115.71 115.71
PBCI Pamrapo Bancorp Inc. 4.00 57.47 16.87 21.13 15.91 16.09 164.03 165.09
PBCT People's Bank (MHC) 1.93 44.60 44.74 29.43 24.01 26.08 339.15 340.91
PBHC Pathfinder Bancorp Inc. (MHC) 0.95 26.68 37.72 30.87 66.02 32.50 257.62 303.96
PBKB People's Bancshares Inc. 1.95 28.57 35.18 10.62 15.39 16.75 268.83 279.51
PCBC Perry County Financial Corp. 2.11 34.48 20.47 23.12 22.84 20.47 120.19 120.19
PDB Piedmont Bancorp Inc. 3.72 71.43 19.20 22.72 20.67 19.20 140.34 140.34
PEDE Great Pee Dee Bancorp - NA NA 48.14 NA NA 112.34 112.34
PEEK Peekskill Financial Corp. 2.06 53.73 26.03 29.60 27.25 26.03 117.27 117.27
PERM Permanent Bancorp Inc. 1.22 28.69 30.00 18.03 27.27 29.51 174.17 176.21
PERT Perpetual Bank (MHC) 2.15 103.85 43.33 33.58 39.63 50.00 320.35 320.35
PFDC Peoples Bancorp 1.91 33.34 18.40 26.50 19.17 18.40 173.58 173.58
PFED Park Bancorp Inc. - 0.00 28.08 24.06 76.04 27.24 110.27 110.27
PFFB PFF Bancorp Inc. - 0.00 27.27 13.63 18.75 25.61 140.47 141.89
PFFC Peoples Financial Corp. 3.03 NM 33.67 28.35 45.83 33.67 150.27 150.27
PFNC Progress Financial Corp. 0.68 10.73 25.72 14.62 20.17 19.72 287.22 342.00
PFSB PennFed Financial Services Inc 0.78 12.39 15.96 11.69 15.41 15.82 155.16 181.10
PFSLD Pocahontas Bancorp Inc. 8.68 NA NA NA NA NA NA NA
PHBK Peoples Heritage Finl Group 1.75 29.34 19.81 20.54 17.72 19.43 293.71 390.93
PHFC Pittsburgh Home Financial Corp 1.30 240.35 18.69 12.16 14.92 16.23 147.76 149.56
PHSB Peoples Home Savings Bk (MHC) 1.16 NA NA 26.14 28.65 NA 198.89 198.89
PKPS Poughkeepsie Financial Corp. 2.13 69.44 51.14 16.20 NM 62.50 195.65 195.65
PLSK Pulaski Savings Bank (MHC) 1.58 NA NA 22.04 43.18 NA 184.65 184.65
PMFI Perpetual Midwest Financial 0.95 29.70 35.39 15.19 34.24 31.19 170.36 170.36
PRBC Prestige Bancorp Inc. 0.99 13.04 22.50 12.93 28.13 22.01 118.56 118.56
PROV Provident Financial Holdings - 0.00 41.82 14.91 23.00 21.90 128.85 128.85
PSBK Progressive Bank Inc. 1.89 30.91 19.71 18.38 19.62 19.26 206.91 228.19
PSFC Peoples-Sidney Financial Corp. 1.56 NA NA 30.25 22.50 NA 113.56 113.56
PSFI PS Financial Inc. 3.40 910.64 17.44 33.31 NM 30.05 126.80 126.80
PTRS Potters Financial Corp. 0.98 14.46 17.23 16.27 26.97 16.94 181.26 181.26
PULB Pulaski Bank, Svgs Bank (MHC) 2.25 115.38 61.25 56.93 55.68 53.85 424.61 424.61
PULS Pulse Bancorp 2.92 40.50 15.47 15.67 16.29 15.29 191.30 191.30
PVFC PVF Capital Corp. - 0.00 14.09 16.36 12.97 13.32 224.65 224.65
PVSA Parkvale Financial Corp. 1.89 23.17 15.72 15.91 15.26 15.72 201.08 202.23
PWBC PennFirst Bancorp Inc. 1.86 31.81 17.94 11.21 17.94 17.94 149.04 167.31
PWBK Pennwood Bancorp Inc. 1.64 38.10 25.58 25.66 26.19 26.19 131.26 131.26
QCBC Quaker City Bancorp Inc. - 0.00 18.45 12.54 16.82 17.87 145.42 145.42
QCFB QCF Bancorp Inc. - 0.00 13.36 24.67 11.95 13.36 140.39 140.39
QCSB Queens County Bancorp Inc. 1.77 38.19 28.64 42.09 29.01 28.28 342.03 342.03
Productivity
-------------
Full Time
Equivalent
Employees
Ticker Most Recent Qtr
- ------- ---------------
HFGI 31
HFNC 9
HFSA 19
HFWA 247
HHFC 42
HIFS 175
HLFC 54
HMLK 247
HMNF NA
HOMF 39
HPBC 44
HRBF 134
HRZB 120
HTHR 134
HWEN 20
HZFS 156
IBSF NA
ICBC 51
IFSB 36
INBI 831
INCB 237
IPSW 1104
ITLA 252
IWBK 60
JOAC 14
JSB NA
JSBA 95
JXSB 2993
JXVL 75
KFBI NA
KNK NA
KSAV 27
KSBK NA
KYF 25
LARK 128
LARL NA
LFBI 80
LFCO 44
LFED 509
LISB 19
LOGN 200
LONF 203
LSBI 60
LSBX 2560
LVSB 64
LXMO NA
MAFB 261
MARN 43
MASB 100
MBB 41
MBBC NA
MBLF 265
MBSP 17
MCBN 15
MDBK 45
MECH NA
MERI 61
METF NA
MFBC 230
MFFC 128
MFLR 11
MFSL 140
MIFC NA
MIVI 275
Page 30 of 40
Exhibit 3
Selected Data on all Public Thrifts
Dividends Current Pricing Data as of 04/02/98
------------------------ ---------------------------------------------------------------
Current LTM Dividend Price/ Price/ Price/ Tang
Dividend Payout LTM Price/ Price/ Price/ Publicly Rep Publicly Rep
Yield Ratio Core EPS Assets Earnings LTM EPS Book Value Book Value
Ticker Short Name ($) (%) (x) (%) (x) (x) (%) (%)
- -------------------------------------------------------------- ----------------------------------------------------------------
RARB Raritan Bancorp Inc. 2.16 30.74 18.26 16.12 17.79 18.02 213.30 216.29
RCBK Richmond County Financial Corp - NA NA NA NA NA NA NA
REDF RedFed Bancorp Inc. - 0.00 13.80 14.24 13.08 14.10 170.60 171.19
RELI Reliance Bancshares Inc. - 0.00 46.25 53.22 46.25 44.05 106.2 106.20
RELY Reliance Bancorp Inc. 1.76 32.49 21.98 17.56 20.44 20.75 205.2 301.22
RIVR River Valley Bancorp 1.01 NA NA 16.98 17.03 NA 133.45 135.37
ROSE TR Financial Corp. 1.95 28.06 19.93 15.97 16.45 17.79 239.86 239.86
RSLN Roslyn Bancorp Inc. 1.32 NA NA 29.39 25.26 NA 168.40 169.23
RVSB Riverview Bancorp Inc. 0.82 NA NA 39.64 NA NA 174.36 180.66
SBFL SB of the Finger Lakes (MHC) 0.99 83.33 96.43 29.18 72.32 84.38 333.06 333.06
SBOS Boston Bancorp (The) NA 10.89 NA NA NA NA NA NA
SCBS Southern Community Bancshares 1.77 34.88 19.54 27.27 19.32 19.77 137.10 137.10
SCCB S. Carolina Community Bancshrs 2.98 88.57 30.71 27.81 44.79 30.71 134.46 134.46
SFED SFS Bancorp Inc. 1.23 29.03 28.89 18.01 25.00 27.96 146.64 146.64
SFFC StateFed Financial Corp. 1.38 27.78 20.14 25.49 20.14 20.14 144.42 144.42
SFIN Statewide Financial Corp. 1.91 32.31 17.83 15.36 16.91 17.69 159.83 160.06
SFSB SuburbFed Financial Corp. 0.68 15.38 28.13 13.64 22.29 22.72 202.70 203.31
SFSL Security First Corp. 1.42 29.28 21.03 25.13 20.09 21.03 268.50 272.73
SGVB SGV Bancorp Inc. - 0.00 37.5 10.35 50.00 31.03 137.09 139.10
SHEN First Shenango Bancorp Inc. 1.40 25.45 19.2 23.73 20.67 19.20 185.91 185.91
SHSB SHS Bancorp Inc. - NA NA 16.31 NA NA 120.27 120.27
SIB Staten Island Bancorp Inc. - NA NA 35.11 NA NA 135.69 139.45
SISB SIS Bancorp Inc. 1.56 31.52 19.58 16.48 114.24 24.92 226.33 226.33
SKAN Skaneateles Bancorp Inc. 1.44 23.61 17.89 10.94 18.75 17.26 158.54 162.91
SKBO First Carnegie Deposit (MHC) 1.50 NA NA 32.02 83.33 NA 186.22 186.22
SMBC Southern Missouri Bancorp Inc. 2.22 58.14 27.44 22.68 31.25 26.16 136.61 136.61
SOBI Sobieski Bancorp Inc. 1.58 45.45 30.68 17.67 29.78 30.68 114.08 114.08
SOPN First Savings Bancorp Inc. 3.85 67.20 20.78 31.95 20.29 20.78 140.3 140.30
SOSA Somerset Savings Bank - 0.00 14.80 15.53 13.98 14.37 234.00 234.00
SPBC St. Paul Bancorp Inc. 1.55 25.71 18.35 19.42 17.97 18.48 211.74 212.26
SRN Southern Banc Co. 2.12 83.33 39.29 19.31 45.83 39.29 111.19 112.09
SSB Scotland Bancorp Inc. 2.08 965.38 14.81 29.97 26.74 14.81 124.51 124.51
SSFC South Street Financial Corp. 3.48 NM 25.00 23.54 NM 23.96 146.50 146.50
SSM Stone Street Bancorp Inc. 2.23 542.68 25.15 36.22 27.14 25.15 125.99 125.99
STFR St. Francis Capital Corp. 1.26 21.46 19.87 14.63 15.45 19.10 179.94 201.81
STSA Sterling Financial Corp. - 0.00 22.81 10.49 19.7 20.8 191.32 207.01
SVRN Sovereign Bancorp Inc. 0.42 10.59 25.16 14.96 19.92 30.36 301.66 363.59
SWBI Southwest Bancshares Inc. 2.45 51.68 21.90 24.05 21.46 21.90 201.14 201.14
SWCB Sandwich Bancorp Inc. 2.19 51.02 26.78 23.96 22.54 26.12 295.89 306.51
SZB SouthFirst Bancshares Inc. 2.81 67.57 24.02 12.61 19.79 28.89 130.34 133.76
THR Three Rivers Financial Corp. 2.10 35.51 20.79 17.76 20.19 19.63 131.91 132.33
THRD TF Financial Corp. 1.68 32.00 26.89 15.21 22.98 22.80 164.17 196.69
TPNZ Tappan Zee Financial Inc. 1.39 33.33 28.75 23.52 27.95 27.95 138.22 138.22
TRIC Tri-County Bancorp Inc. 2.91 43.33 17.86 17.84 19.10 18.33 116.13 116.13
TSBK Timberland Bancorp Inc. - NA NA NA NA NA NA NA
TSBS Peoples Bancorp Inc. (MHC) 0.81 42.68 70.90 61.10 63.60 52.74 355.67 393.90
TSH Teche Holding Co. 2.27 41.67 19.13 18.51 19.64 18.33 136.73 136.73
TWIN Twin City Bancorp 2.71 48.84 20.77 17.22 16.76 17.15 133.48 133.48
UBMT United Financial Corp. 3.60 88.18 25.23 35.26 40.81 25.23 137.72 137.72
UCBC Union Community Bancorp 2.02 NA NA 34.27 NA NA 105.42 105.42
UFRM United Federal Savings Bank 1.31 40.35 49.66 19.15 41.76 32.24 265.15 265.15
USAB USABancshares Inc. - 0.00 53.85 15.95 21.88 48.28 208.02 211.16
UTBI United Tennessee Bankshares - NA NA NA NA NA NA NA
VABF Virginia Beach Fed. Financial 1.26 25.00 29.88 15.46 21.73 23.91 215.86 215.86
WAMU Washington Mutual Inc. 1.57 56.99 23.49 19.65 19.68 39.78 355.77 382.03
WAYN Wayne Savings Bancshares (MHC) 2.16 74.49 37.34 25.44 35.94 34.64 268.19 268.19
WBST Webster Financial Corp. 1.15 31.97 19.76 13.57 16.45 28.59 249.20 285.74
WCBI Westco Bancorp Inc. 2.31 35.43 18.10 23.01 16.39 16.86 149.59 149.59
WCFB Webster City Federal SB (MHC) 4.00 123.08 30.77 44.36 31.25 30.77 188.68 188.68
WEFC Wells Financial Corp. 2.49 20.69 17.04 18.72 16.59 16.59 127.23 127.23
WEHO Westwood Homestead Fin. Corp. 2.53 NM 27.40 30.18 NM 43.18 134.43 134.43
WES Westcorp 2.37 28.57 NM 11.89 11.10 12.05 127.17 127.45
WFI Winton Financial Corp. 1.55 27.33 22.40 19.61 16.80 18.75 265.21 270.10
WFSL Washington Federal Inc. 3.13 41.00 13.92 25.74 13.79 13.79 199.61 216.51
Productivity
-------------
Full Time
Equivalent
Employees
Ticker Most Recent Qtr
- ------- ---------------
RARB 90
RCBK NA
REDF 273
RELI NA
RELY 423
RIVR 62
ROSE 435
RSLN 404
RVSB 91
SBFL 69
SBOS NA
SCBS NA
SCCB NA
SFED 60
SFFC NA
SFIN 198
SFSB 169
SFSL 155
SGVB 94
SHEN 101
SHSB 24
SIB 581
SISB 622
SKAN 119
SKBO 19
SMBC 54
SOBI 24
SOPN 42
SOSA 145
SPBC 1079
SRN NA
SSB 13
SSFC 37
SSM 20
STFR 376
STSA 510
SVRN 2170
SWBI 93
SWCB 158
SZB 67
THR NA
THRD 155
TPNZ 14
TRIC 19
TSBK 90
TSBS 151
TSH 165
TWIN 55
UBMT 66
UCBC 12
UFRM 142
USAB 11
UTBI NA
VABF 233
WAMU 19880
WAYN 98
WBST 1286
WCBI 55
WCFB 21
WEFC NA
WEHO 20
WES 2524
WFI NA
WFSL 660
Page 31 of 40
Exhibit 3
Selected Data on all Public Thrifts
Dividends Current Pricing Data as of 04/02/98
------------------------ ---------------------------------------------------------------
Current LTM Dividend Price/ Price/ Price/ Tang
Dividend Payout LTM Price/ Price/ Price/ Publicly Rep Publicly Rep
Yield Ratio Core EPS Assets Earnings LTM EPS Book Value Book Value
Ticker Short Name ($) (%) (x) (%) (x) (x) (%) (%)
- -------------------------------------------------------------- ----------------------------------------------------------------
WHGB WHG Bancshares Corp. 1.71 41.82 33.48 25.70 39.06 34.09 130.75 130.75
WOFC Western Ohio Financial Corp. 3.74 NM 157.35 17.14 NM NM 116.76 124.94
WRNB Warren Bancorp Inc. 2.12 47.54 16.78 25.14 16.55 13.39 232.89 232.89
WSB Washington Savings Bank, FSB 1.25 22.73 25 13.26 22.22 18.18 152.96 152.96
WSBI Warwick Community Bancorp - NA NA NA NA NA NA NA
WSFS WSFS Financial Corp. - 0.00 17.13 17.89 17.54 16.86 312.50 314.31
WSTR WesterFed Financial Corp. 1.84 35.41 20.10 14.08 17.65 19.64 135.29 166.51
WVFC WVS Financial Corp. 3.04 255.92 18.63 23.72 17.63 18.72 222.54 222.54
WYNE Wayne Bancorp Inc. 0.67 19.42 29.13 22.37 32.61 29.13 177.94 177.94
YFCB Yonkers Financial Corp. 1.46 20.18 17.87 17.41 16.49 17.55 128.61 128.61
YFED York Financial Corp. 2.04 39.67 25.00 19.09 20.56 21.07 215.37 215.37
---------------------------------------------------------------------------------------------------------------------
Average 1.49 49.38 25.98 21.45 24.84 24.73 182.83 190.48
Median 1.44 29.46 22.11 19.22 20.23 20.81 161.16 165.08
Productivity
-------------
Full Time
Equivalent
Ticker Employees
- ------ Most Recent Qtr
---------------
WHGB NA
WOFC 98
WRNB 137
WSB NA
WSBI NA
WSFS 301
WSTR 367
WVFC 59
WYNE 59
YFCB 68
YFED 389
-----------------
381
100
Page 32 of 40
Exhibit 3
Selected Data on all Public Thrifts
Dividends Current Pricing Data as of 04/02/98
------------------------ ---------------------------------------------------------------
Current LTM Dividend Price/ Price/ Price/ Tang
Dividend Payout LTM Price/ Price/ Price/ Publicly Rep Publicly Rep
Yield Ratio Core EPS Assets Earnings LTM EPS Book Value Book Value
Ticker Short Name ($) (%) (x) (%) (x) (x) (%) (%)
- -------------------------------------------------------------- ----------------------------------------------------------------
Comparable Thrift Data
ATSB AmTrust Capital Corp. 1.290 35.09 62.00 11.45 29.81 27.19 105.73 106.82
CKFB CKF Bancorp Inc. 2.532 113.95 20.36 27.24 18.99 15.31 115.23 115.23
FFBI First Financial Bancorp Inc. 0.000 0.00 41.39 12.69 52.60 84.17 137.45 137.45
FFDF FFD Financial Corp. 1.333 23.11 40.18 35.19 46.88 18.91 146.29 146.29
FTSB Fort Thomas Financial Corp. 1.639 36.59 18.60 22.51 18.15 18.60 142.39 142.39
HCFC Home City Financial Corp. 1.933 33.67 18.81 23.45 19.40 19.01 120.39 120.39
KYF Kentucky First Bancorp Inc. 3.540 64.10 18.34 21.24 22.07 18.11 124.78 124.78
LOGN Logansport Financial Corp. 2.238 42.11 18.62 26.17 15.41 18.82 136.24 136.24
MSBF MSB Financial Inc. 1.805 29.95 19.79 26.54 16.63 18.27 157.43 157.43
NSLB NS&L Bancorp Inc. 2.857 75.76 26.92 20.76 31.25 26.52 105.17 105.93
PFFC Peoples Financial Corp. 3.030 NM 33.67 28.35 45.83 33.67 150.27 150.27
SFFC StateFed Financial Corp. 1.379 27.78 20.14 25.49 20.14 20.14 144.42 144.42
--------------------------------------------------------------------------------------------------------------------
Average 1.96 43.83 28.24 23.42 28.10 26.56 132.15 132.30
Median 1.87 35.09 20.25 24.47 21.11 18.96 136.85 136.85
Maximum 3.54 113.95 62.00 35.19 52.60 84.17 157.43 157.43
Minimum 0.00 0.00 18.34 11.45 15.41 15.31 105.17 105.93
Productivity
-------------
Full Time
Equivalent
Employees
Ticker Most Recent Qtr
- ------ ---------------
ATSB NA
CKFB 9
FFBI 36
FFDF 24
FTSB 20
HCFC 15
KYF 20
LOGN 14
MSBF 19
NSLB 20
PFFC 19
SFFC NA
----------------
19.60
19.50
36.00
9.00
MIVI * Mississippi View Holding Co. 1.60 16.84 21.28 21.57 20.83 21.05 118.69 118.69 21.00
* Pricing data is based upon the last
trade on NASDAQ, the Bank's
most current price is $18.50
Variance to the Comparable Median (0.27) (18.25) 1.03 (2.90) (0.28) 2.09 (18.16) (18.16) 1.50
Page 33 of 40
Exhibit 3
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
- ------------------------------------------------------------------------------------------------------------------------------------
%CAL California Federal Bank 233,058 209,082 NA NA 87,873 74,987 NA NA
%CCMD Chevy Chase Bank, FSB 47,452 -25,156 NA NA 16,605 (7,804) NA NA
AABC Access Anytime Bancorp Inc. 1,596 1,486 1.28 1.37 30 4 0.03 -
ABBK Abington Bancorp Inc. 4,378 3,874 0.97 1.10 1,103 921 0.28 0.23
ABCL Alliance Bancorp 10,249 11,102 1.39 1.28 2,844 2,659 0.33 0.31
ABCW Anchor BanCorp Wisconsin 19,934 18,371 1.91 2.07 5,657 5,070 0.58 0.52
AFBC Advance Financial Bancorp 914 874 NA NA 216 199 0.21 0.19
AFCB Affiliated Community Bancorp 11,856 11,468 1.72 1.78 3,028 2,758 0.45 0.41
AFED AFSALA Bancorp Inc. 1,231 1,231 0.93 0.93 311 311 0.24 0.24
AHCI Ambanc Holding Co. 2,760 2,256 0.56 0.69 800 625 0.20 0.16
AHM H.F. Ahmanson & Co. 413,782 367,894 3.16 3.59 99,494 97,257 0.89 0.87
ALBC Albion Banc Corp. 351 335 0.44 0.46 95 83 0.14 0.12
ALBK ALBANK Financial Corp. 43,424 43,072 3.14 3.17 15,288 15,145 1.11 1.10
ALLB Alliance Bank (MHC) 2,037 2,037 0.62 0.62 410 410 0.13 0.13
AMFC AMB Financial Corp. 1,023 657 0.71 1.10 253 144 0.28 0.16
ANA Acadiana Bancshares Inc. 2,947 2,859 1.16 1.20 858 831 0.35 0.34
ANDB Andover Bancorp Inc. 13,206 12,932 2.44 2.49 3,468 3,355 0.65 0.63
ANE Alliance Bncp of New England 2,017 1,392 0.85 1.23 563 222 0.33 0.13
ASBI Ameriana Bancorp 3,632 3,182 0.97 1.11 872 640 0.27 0.20
ASBP ASB Financial Corp. 1,030 1,027 0.64 0.64 254 251 0.16 0.16
ASFC Astoria Financial Corp. 68,464 63,885 2.83 3.04 20,931 19,404 0.74 0.68
ATSB AmTrust Capital Corp. 288 125 0.25 0.57 64 (4) 0.13 (0.01)
AVND Avondale Financial Corp. -12,482 -11,208 -3.22 -3.59 2,130 (197) 0.62 (0.06)
BANC BankAtlantic Bancorp Inc. 27,769 14,516 0.51 0.98 8,178 3,170 0.27 0.10
BDJI First Federal Bancorp. 731 725 0.86 0.86 214 214 0.26 0.26
BFD BostonFed Bancorp Inc. 7,055 6,331 1.11 1.24 1,735 1,481 0.31 0.26
BFFC Big Foot Financial Corp. NA NA NA NA 453 304 0.20 0.13
BFSB Bedford Bancshares Inc. 1,618 1,609 1.42 1.42 384 382 0.33 0.33
BKC American Bank of Connecticut 7,940 6,882 2.94 3.39 2,104 1,622 0.89 0.69
BKCT Bancorp Connecticut Inc. 5,896 5,256 0.96 1.08 1,481 1,299 0.27 0.24
BKUNA BankUnited Financial Corp. 7,975 6,712 0.43 0.53 1,975 1,250 0.12 0.07
BNKU Bank United Corp. 79,738 69,990 2.18 2.48 20,430 19,948 0.63 0.62
BPLS Bank Plus Corp. 12,653 14,038 0.73 0.66 1,780 4,860 0.09 0.25
BRKL Brookline Bancorp (MHC) 11,937 11,635 NA NA NA NA NA NA
BTHL Bethel Bancorp 1,435 1,141 0.74 0.96 302 263 0.19 0.16
BVCC Bay View Capital Corp. 14,021 19,137 1.45 1.06 1,191 4,639 0.09 0.35
BWFC Bank West Financial Corp. 1,121 852 0.33 0.45 (60) 204 (0.02) 0.07
BYFC Broadway Financial Corp. 351 370 0.43 0.39 102 29 0.11 0.02
BYS Bay State Bancorp 1,129 1,825 NA NA NA NA NA NA
CAFI Camco Financial Corp. 5,626 4,585 1.39 1.71 1,286 838 0.40 0.26
CAPS Capital Savings Bancorp Inc. 2,367 2,262 1.17 1.23 627 567 0.32 0.29
CASB Cascade Financial Corp. 2,529 2,450 0.74 0.76 773 683 0.21 0.19
CASH First Midwest Financial Inc. 3,679 3,446 1.22 1.31 989 915 0.36 0.33
CATB Catskill Financial Corp. 3,799 3,764 0.85 0.85 958 946 0.22 0.22
CAVB Cavalry Bancorp Inc. 3,202 2,470 NA 0.00 944 650 - NA
CBCI Calumet Bancorp Inc. 7,987 8,028 2.30 2.29 2,475 2,625 0.72 0.76
CBES CBES Bancorp Inc. 1,118 976 1.03 1.18 211 152 0.22 0.16
CBK Citizens First Financial Corp. 1,889 1,275 0.50 0.74 665 173 0.27 0.07
CBSA Coastal Bancorp Inc. 11,563 11,492 2.24 2.25 2,789 2,789 0.54 0.54
CBSB Charter Financial Inc. 5,268 4,190 0.97 1.23 990 923 0.23 0.21
CCFH CCF Holding Co. 137 -224 -0.26 0.16 95 5 0.12 0.01
CEBK Central Co-operative Bank 2,796 2,561 1.31 1.43 663 662 0.34 0.34
CENB Century Bancorp Inc. 1,628 1,633 4.34 4.33 350 350 0.93 0.93
CENF CENFED Financial Corp. 13,790 12,469 2.05 2.27 2,158 2,120 0.35 0.34
CFB Commercial Federal Corp. 68,105 66,785 2.04 2.07 17,760 16,991 0.54 0.52
CFBC Community First Banking Co. 1,944 1,837 NA NA 916 916 NA NA
CFCP Coastal Financial Corp. 6,140 5,153 1.05 1.26 1,627 1,243 0.33 0.25
CFFC Community Financial Corp. 1,875 1,883 0.74 0.74 539 538 0.21 0.21
CFNC Carolina Fincorp Inc. 1,361 1,303 0.73 0.76 330 316 0.19 0.18
CFSB CFSB Bancorp Inc. 10,673 9,945 1.25 1.34 2,769 2,532 0.35 0.32
CFTP Community Federal Bancorp 2,813 2,819 0.64 0.64 660 665 0.15 0.15
CFX CFX Corp. 18,934 25,992 1.07 0.78 3,944 6,833 0.16 0.28
CIBI Community Investors Bancorp 923 923 1.06 1.06 212 212 0.25 0.25
CKFB CKF Bancorp Inc. 1,117 843 0.97 1.29 214 214 0.26 0.26
Page 34 of 40
Exhibit 3
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
- ------------------------------------------------------------------------------------------------------------------------------------
CLAS Classic Bancshares Inc. 1,089 841 0.70 0.89 281 275 0.23 0.23
CMRN Cameron Financial Corp 2,401 2,380 0.96 0.96 535 523 0.22 0.22
CMSB Commonwealth Bancorp Inc. 16,369 11,209 0.70 1.02 4,018 2,578 0.26 0.17
CMSV Community Savings Bnkshrs(MHC) 5,356 4,958 0.98 1.06 1,073 1,073 0.21 0.21
CNIT CENIT Bancorp Inc. 6,003 5,855 3.52 3.61 1,692 1,598 1.04 0.98
CNSB CNS Bancorp Inc. 864 852 0.51 0.52 227 219 0.14 0.14
CNY Carver Bancorp Inc. -460 745 0.34 -0.21 301 179 0.14 0.08
COFI Charter One Financial 148,409 206,040 3.18 2.29 (12,035) 47,286 (0.19) 0.76
CONE Conestoga Bancorp, Inc. 3,210 2,607 0.58 0.71 742 334 0.16 0.07
COOP Cooperative Bankshares Inc. 2,234 2,201 0.69 0.70 581 556 0.18 0.17
CRSB Crusader Holding Corp. NA NA NA NA 926 867 0.39 0.37
CRZY Crazy Woman Creek Bancorp 719 728 0.79 0.78 190 192 0.21 0.21
CSBF CSB Financial Group Inc. 234 219 0.25 0.27 97 92 0.12 0.11
CTZN CitFed Bancorp Inc. 27,332 27,274 2.03 2.03 7,435 7,373 0.55 0.55
CVAL Chester Valley Bancorp Inc. 3,153 2,990 1.36 1.44 831 781 0.38 0.36
DCBI Delphos Citizens Bancorp Inc. 1,729 1,729 0.95 0.95 400 400 0.22 0.22
DIBK Dime Financial Corp. 16,748 16,621 3.14 3.16 4,429 4,407 0.83 0.83
DIME Dime Community Bancorp Inc. 11,878 11,313 0.89 0.94 2,887 2,801 0.24 0.23
DME Dime Bancorp Inc. 121,714 121,806 1.12 1.12 21,499 26,613 0.18 0.22
DNFC D & N Financial Corp. 14,325 12,851 1.37 1.53 3,730 3,167 0.40 0.34
DSL Downey Financial Corp. 45,234 43,495 1.63 1.69 14,037 13,743 0.53 0.52
EBI Equality Bancorp Inc. 1,154 260 NA NA 364 128 NA NA
EBSI Eagle Bancshares 5,288 6,388 1.09 0.90 1,764 1,761 0.30 0.30
EFBC Empire Federal Bancorp Inc. 1,586 1,586 NA NA 382 382 0.16 0.16
EFBI Enterprise Federal Bancorp 2,195 1,987 1.00 1.12 516 501 0.25 0.24
EGFC Eagle Financial Corp. 7,889 10,305 1.73 1.35 4,898 4,841 0.74 0.73
EGLB Eagle BancGroup Inc. 509 363 0.31 0.43 109 55 0.09 0.05
EMLD Emerald Financial Corp. 6,141 5,832 1.12 1.18 1,592 1,456 0.30 0.27
EQSB Equitable Federal Savings Bank 2,306 2,277 1.78 1.80 568 556 0.44 0.43
ESBK Elmira Savings Bank (The) 875 938 1.30 1.21 129 364 0.18 0.51
ESX Essex Bancorp Inc. 214 45 -1.19 -1.21 (491) (491) (0.85) (0.85)
ETFS East Texas Financial Services 728 675 0.46 0.50 144 130 0.10 0.09
FAB FIRSTFED AMERICA BANCORP INC. 1,718 5,523 NA NA 1,933 1,497 0.24 0.19
FBBC First Bell Bancorp Inc. 7,575 7,413 1.20 1.23 1,818 1,818 0.31 0.31
FBCI Fidelity Bancorp Inc. 1,068 2,990 1.07 0.36 977 963 0.34 0.34
FBCV 1ST Bancorp 1,968 1,300 1.18 1.80 437 358 0.40 0.33
FBER 1st Bergen Bancorp 2,117 2,117 0.79 0.79 553 553 0.21 0.21
FBHC Fort Bend Holding Corp. 2,045 1,441 0.69 0.97 492 292 0.23 0.14
FBNW FirstBank Corp. 1,391 862 NA NA 458 259 0.25 0.14
FBSI First Bancshares Inc. 1,870 1,799 0.83 0.87 493 495 0.23 0.23
FCB Falmouth Bancorp Inc. 910 774 0.56 0.67 348 284 0.25 0.20
FCBF FCB Financial Corp. 4,813 4,934 1.43 1.39 1,718 1,596 0.45 0.42
FCME First Coastal Corp. 1,262 1,022 0.74 0.91 310 296 0.22 0.21
FDEF First Defiance Financial 5,407 5,263 0.60 0.62 945 927 0.11 0.11
FED FirstFed Financial Corp. 23,100 22,676 2.11 2.15 6,613 6,238 0.61 0.58
FESX First Essex Bancorp Inc. 9,713 8,714 1.12 1.25 2,390 2,371 0.30 0.30
FFBA First Colorado Bancorp Inc. 19,914 18,932 1.16 1.22 5,894 5,028 0.36 0.31
FFBH First Federal Bancshares of AR 5,502 5,246 1.15 1.21 1,360 1,360 0.30 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. 1,922 1,822 1.05 1.10 373 357 0.21 0.20
FFCH First Financial Holdings Inc. 14,845 14,519 1.11 1.13 3,872 3,876 0.28 0.28
FFDB FirstFed Bancorp Inc. 1,705 1,705 1.38 1.38 413 413 0.34 0.34
FFDF FFD Financial Corp. 1,607 772 0.56 1.19 164 164 0.12 0.12
FFED Fidelity Federal Bancorp 1,760 1,652 0.61 0.64 408 329 0.13 0.10
FFES First Federal of East Hartford 5,575 6,155 2.23 2.02 1,585 1,621 0.57 0.58
FFFD North Central Bancshares Inc. 3,917 3,755 1.16 1.21 1,096 934 0.34 0.29
FFFL Fidelity Bankshares Inc. (MHC) 6,313 5,362 0.80 0.94 2,010 1,493 0.30 0.22
FFHH FSF Financial Corp. 3,148 3,110 1.10 1.10 746 736 0.26 0.26
FFHS First Franklin Corp. 1,688 1,556 1.27 1.38 489 436 0.40 0.36
FFIC Flushing Financial Corp. 8,531 8,204 1.13 1.18 2,325 2,174 0.32 0.30
FFKY First Federal Financial Corp. 6,156 6,080 1.46 1.48 1,452 1,452 0.35 0.35
FFLC FFLC Bancorp Inc. 3,754 3,551 0.91 0.96 953 953 0.25 0.25
FFOH Fidelity Financial of Ohio 4,876 4,679 0.85 0.89 1,231 1,141 0.23 0.21
Page 35 of 40
Exhibit 3
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
- ------------------------------------------------------------------------------------------------------------------------------------
FFPB First Palm Beach Bancorp Inc. 9,397 7,279 1.42 1.85 2,314 1,356 0.45 0.26
FFSL First Independence Corp. 726 726 0.72 0.72 180 180 0.18 0.18
FFSX First Fed SB of Siouxland(MHC) 3,383 3,266 1.15 1.19 817 790 0.28 0.27
FFWC FFW Corp. 1,787 1,749 1.24 1.26 479 462 0.34 0.33
FFWD Wood Bancorp Inc. 2,358 2,125 0.76 0.85 579 502 0.21 0.18
FFYF FFY Financial Corp. 7,761 7,664 1.93 1.95 1,940 1,906 0.50 0.49
FGHC First Georgia Holding Inc. 1,755 1,473 0.45 0.54 465 465 0.15 0.15
FIBC Financial Bancorp Inc. 2,611 2,783 1.68 1.57 700 700 0.42 0.42
FISB First Indiana Corp. 17,744 14,397 1.10 1.36 4,986 3,673 0.38 0.28
FKFS First Keystone Financial 2,694 2,433 1.06 1.19 672 589 0.29 0.25
FKKY Frankfort First Bancorp Inc. 233 948 0.60 0.14 381 381 0.24 0.24
FLAG FLAG Financial Corp. 2,033 1,510 0.74 0.99 403 111 0.20 0.06
FLFC First Liberty Financial Corp. 9,556 9,900 1.26 1.23 3,624 2,776 0.46 0.35
FLGS Flagstar Bancorp Inc. 21,772 21,772 1.68 1.68 5,916 5,916 0.44 0.44
FLKY First Lancaster Bancshares 508 508 0.55 0.55 146 146 0.16 0.16
FMBD First Mutual Bancorp Inc. 986 820 0.26 0.31 198 130 0.06 0.04
FMCO FMS Financial Corp. 5,491 5,483 2.24 2.24 1,292 1,290 0.53 0.53
FMSB First Mutual Savings Bank 4,519 4,428 1.05 1.07 1,168 1,194 0.27 0.28
FNGB First Northern Capital Corp. 6,036 5,745 0.63 0.66 1,606 1,502 0.18 0.17
FOBC Fed One Bancorp 3,242 3,214 1.35 1.36 800 791 0.34 0.34
FPRY First Financial Bancorp 1,313 985 1.09 1.45 257 141 0.28 0.15
FSBI Fidelity Bancorp Inc. 2,764 2,705 1.35 1.38 668 661 0.33 0.33
FSFF First SecurityFed Financial 1,825 3,508 NA NA (304) 1,391 NA NA
FSLA First Savings Bank (MHC) 9,295 9,753 1.22 1.16 2,535 2,535 0.31 0.31
FSNJ Bayonne Bancshares Inc. 2,698 3,914 NA NA 1,135 1,135 0.13 0.13
FSPG First Home Bancorp Inc. 4,728 4,636 1.69 1.72 1,155 1,156 0.42 0.42
FSPT FirstSpartan Financial Corp. 5,909 5,906 NA NA 1,759 1,759 0.43 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. 6,149 5,571 1.88 2.08 1,361 1,219 0.46 0.41
FTF Texarkana First Financial Corp 3,021 2,963 1.74 1.77 756 712 0.44 0.41
FTFC First Federal Capital Corp. 17,390 13,718 1.40 1.77 4,733 3,332 0.48 0.34
FTNB Fulton Bancorp Inc. 1,286 1,036 0.63 0.78 323 241 0.20 0.15
FTSB Fort Thomas Financial Corp. 1,185 1,185 0.82 0.82 306 306 0.21 0.21
FWWB First SB of Washington Bancorp 12,759 12,046 1.25 1.32 3,205 2,939 0.34 0.31
GAF GA Financial Inc. 8,317 7,859 1.09 1.15 2,276 1,964 0.32 0.28
GDW Golden West Financial 354,138 348,810 6.04 6.13 93,480 92,161 1.62 1.60
GFCO Glenway Financial Corp. 2,402 2,402 1.04 1.04 651 651 0.27 0.27
GFED Guaranty Federal Bcshs Inc. 2,070 2,012 NA NA 595 583 NA NA
GLMR Gilmer Financial Svcs, Inc. 23 130 0.68 0.12 (54) (57) (0.30) (0.32)
GOSB GSB Financial Corp. 756 729 NA NA 295 242 0.14 0.11
GPT GreenPoint Financial Corp. 147,648 142,737 1.80 1.86 36,755 36,267 0.49 0.48
GSB Golden State Bancorp Inc. 104,614 123,100 1.80 1.50 28,911 34,108 0.41 0.49
GSBC Great Southern Bancorp Inc. 13,419 12,339 1.51 1.63 3,620 3,181 0.44 0.39
GSFC Green Street Financial Corp. 2,826 2,826 0.68 0.68 689 689 0.17 0.17
GSLA GS Financial Corp. 1,670 1,639 NA NA 314 274 0.10 0.09
GTPS Great American Bancorp 873 872 0.49 0.49 261 261 0.15 0.15
GUPB GFSB Bancorp Inc. 866 863 1.09 1.09 232 231 0.30 0.30
HALL Hallmark Capital Corp. 2,761 2,697 0.93 0.95 714 707 0.24 0.24
HARBD Harbor Florida Bancshares Inc. 14,322 13,797 NA NA 4,095 3,628 NA NA
HARL Harleysville Savings Bank 3,435 3,442 2.01 2.01 820 820 0.48 0.48
HARS Harris Financial Inc. (MHC) 17,771 12,608 0.37 0.52 2,739 2,129 0.08 0.06
HAVN Haven Bancorp Inc. 11,083 11,184 1.25 1.24 3,027 3,015 0.34 0.34
HBBI Home Building Bancorp 329 316 1.09 1.14 69 64 0.24 0.22
HBEI Home Bancorp of Elgin Inc. 2,843 2,725 0.42 0.44 612 612 0.10 0.10
HBFW Home Bancorp 2,907 2,883 1.21 1.22 665 641 0.28 0.27
HBNK Highland Bancorp Inc. 6,123 4,737 2.00 2.58 1,740 1,667 0.72 0.69
HBS Haywood Bancshares Inc. 1,876 1,876 1.52 1.52 323 323 0.26 0.26
HCBB HCB Bancshares Inc. 579 575 NA NA 171 163 0.07 0.07
HCBC High Country Bancorp Inc. NA NA NA NA 157 157 NA NA
HCFC Home City Financial Corp. 888 900 0.99 0.98 251 250 0.24 0.24
HEMT HF Bancorp Inc. 350 2,190 0.36 0.04 727 695 0.11 0.11
HFBC HopFed Bancorp Inc. 1,575 1,575 NA NA 477 477 NA NA
HFFB Harrodsburg First Fin Bancorp 1,475 1,475 0.79 0.79 360 360 0.20 0.20
HFFC HF Financial Corp. 6,092 5,671 1.84 1.98 1,622 1,573 0.55 0.53
Page 36 of 40
Exhibit 3
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
- ------------------------------------------------------------------------------------------------------------------------------------
HFGI Harrington Financial Group 988 1,022 0.31 0.31 (609) (25) (0.19) (0.01)
HFNC HFNC Financial Corp. 10,768 8,329 0.53 0.67 2,792 1,822 0.17 0.11
HFSA Hardin Bancorp Inc. 814 746 0.92 1.00 220 195 0.28 0.25
HFWA Heritage Financial Corp. NA NA NA NA 646 282 NA NA
HHFC Harvest Home Financial Corp. 594 589 0.66 0.66 124 120 0.14 0.14
HIFS Hingham Instit. for Savings 2,659 2,659 2.00 2.00 681 681 0.51 0.51
HLFC Home Loan Financial Corp. 802 802 NA NA 209 209 NA NA
HMLK Hemlock Federal Financial Corp 944 1,594 NA NA 416 416 0.22 0.22
HMNF HMN Financial Inc. 5,579 4,462 1.13 1.41 1,248 915 0.31 0.23
HOMF Home Federal Bancorp 9,397 8,299 1.55 1.75 2,687 2,164 0.49 0.39
HPBC Home Port Bancorp Inc. 3,297 3,226 1.75 1.79 874 831 0.47 0.45
HRBF Harbor Federal Bancorp Inc. 1,627 1,565 0.95 0.99 414 352 0.25 0.21
HRZB Horizon Financial Corp. 8,140 8,019 1.10 1.11 2,074 2,151 0.28 0.29
HTHR Hawthorne Financial Corp. 9,617 11,165 1.66 1.37 1,625 3,162 0.18 0.45
HWEN Home Financial Bancorp 335 247 0.29 0.38 79 46 0.10 0.06
HZFS Horizon Financial Svcs Corp. 709 568 0.67 0.84 214 158 0.25 0.18
IBSF IBS Financial Corp. 5,793 5,793 0.54 0.54 1,540 1,540 0.14 0.14
ICBC Independence Comm. Bank Corp. NA NA NA NA 7,445 7,424 NA NA
IFSB Independence Federal Svgs Bank 1,557 442 0.35 1.22 404 60 0.32 0.05
INBI Industrial Bancorp Inc. 5,113 5,113 1.03 1.03 1,380 1,380 0.28 0.28
INCB Indiana Community Bank SB 488 488 0.52 0.52 140 140 0.15 0.15
IPSW Ipswich Savings Bank 2,212 1,813 0.72 0.88 616 491 0.27 0.22
ITLA ITLA Capital Corp. 12,477 12,477 1.57 1.57 3,369 3,369 0.42 0.42
IWBK InterWest Bancorp Inc. 20,507 17,859 2.18 2.51 5,161 4,042 0.63 0.49
JOAC Joachim Bancorp Inc. 264 264 0.36 0.36 60 60 0.09 0.09
JSB JSB Financial Inc. 37,090 32,523 3.19 3.64 14,979 12,298 1.46 1.20
JSBA Jefferson Savings Bancorp 10,231 9,493 1.00 1.08 2,580 2,074 0.26 0.21
JXSB Jacksonville Savings Bk (MHC) 976 773 0.40 0.50 184 109 0.10 0.06
JXVL Jacksonville Bancorp Inc. 3,371 3,371 1.36 1.36 783 783 0.32 0.32
KFBI Klamath First Bancorp 8,791 8,791 0.93 0.93 2,146 2,146 0.22 0.22
KNK Kankakee Bancorp Inc. 3,012 2,952 1.96 2.00 747 711 0.50 0.48
KSAV KS Bancorp Inc. 1,221 1,221 1.30 1.30 252 252 0.27 0.27
KSBK KSB Bancorp Inc. 1,549 1,501 1.26 1.30 424 404 0.36 0.34
KYF Kentucky First Bancorp Inc. 993 983 0.77 0.78 207 204 0.16 0.16
LARK Landmark Bancshares Inc. 2,458 2,234 1.26 1.37 596 560 0.35 0.33
LARL Laurel Capital Group Inc. 2,925 2,933 1.27 1.27 672 723 0.29 0.31
LFBI Little Falls Bancorp Inc. 1,856 1,775 0.72 0.75 485 485 0.20 0.20
LFCO Life Financial Corp. 12,700 13,263 2.60 2.49 5,005 5,568 0.73 0.81
LFED Leeds Federal Bankshares (MHC) 3,429 3,429 0.66 0.66 819 819 0.16 0.16
LISB Long Island Bancorp Inc. 50,668 41,890 1.79 2.16 13,182 10,466 0.57 0.45
LOGN Logansport Financial Corp. 1,232 1,249 0.96 0.95 360 367 0.29 0.30
LONF London Financial Corp. 411 381 0.80 0.86 121 117 0.25 0.24
LSBI LSB Financial Corp. 1,566 1,408 1.59 1.77 434 385 0.49 0.43
LSBX Lawrence Savings Bank 8,112 8,029 1.80 1.82 3,804 3,757 0.84 0.83
LVSB Lakeview Financial Corp. 7,060 4,446 0.95 1.55 2,548 972 0.63 0.24
LXMO Lexington B&L Financial Corp. 727 725 0.70 0.70 186 187 0.18 0.18
MAFB MAF Bancorp Inc. 37,948 37,405 2.35 2.38 9,256 8,980 0.59 0.57
MARN Marion Capital Holdings 2,812 2,812 1.52 1.52 503 503 0.28 0.28
MASB MASSBANK Corp. 10,167 9,412 2.56 2.77 2,656 2,371 0.72 0.64
MBB MSB Bancorp Inc. 2,281 4,195 1.07 0.40 (991) 906 (0.45) 0.22
MBBC Monterey Bay Bancorp Inc. 1,766 1,613 0.51 0.56 409 376 0.13 0.12
MBLF MBLA Financial Corp. 1,792 1,821 1.35 1.33 474 465 0.36 0.35
MBSP Mitchell Bancorp Inc. 523 523 0.60 0.60 109 109 0.13 0.13
MCBN Mid-Coast Bancorp Inc. 456 427 0.61 0.65 129 116 0.18 0.16
MDBK Medford Bancorp Inc. 11,390 10,982 2.30 2.39 2,757 3,028 0.58 0.64
MECH MECH Financial Inc. 13,076 12,906 2.46 2.49 2,003 1,852 0.38 0.35
MERI Meritrust Federal SB 2,716 2,716 3.32 3.32 652 652 0.79 0.79
METF Metropolitan Financial Corp. 5,803 5,426 0.77 0.82 1,810 1,712 0.26 0.25
MFBC MFB Corp. 2,028 2,011 1.18 1.19 502 486 0.30 0.29
MFFC Milton Federal Financial Corp. 1,275 1,221 0.56 0.58 291 291 0.13 0.13
MFLR Mayflower Co-operative Bank 1,399 1,264 1.41 1.57 403 334 0.45 0.37
MFSL Maryland Federal Bancorp 9,523 9,085 1.37 1.45 2,526 2,350 0.38 0.35
MIFC Mid-Iowa Financial Corp. 1,528 1,384 0.80 0.88 351 351 0.20 0.20
MIVI Mississippi View Holding Co. 744 732 0.94 0.95 177 175 0.24 0.24
Page 37 of 40
Exhibit 3
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
- ------------------------------------------------------------------------------------------------------------------------------------
MONT Montgomery Financial Corp. 721 721 NA NA 200 200 0.13 0.13
MRKF Market Financial Corp. 575 575 NA NA 147 147 0.12 0.12
MSBF MSB Financial Inc. 1,123 1,038 0.84 0.91 308 263 0.25 0.21
MSBK Mutual Savings Bank FSB -9,155 -3,291 -0.78 -2.17 (9,505) (3,381) (2.25) (0.80)
MWBI Midwest Bancshares Inc. 1,265 1,122 1.01 1.14 311 286 0.28 0.26
MWBX MetroWest Bank 7,555 7,509 0.53 0.53 1,899 1,892 0.13 0.13
MYST Mystic Financial Inc. NA NA NA NA 236 228 NA NA
NASB NASB Financial Inc. 12,085 9,866 4.39 5.38 3,133 2,776 1.40 1.24
NBN Northeast Bancorp 1,704 1,646 0.66 0.70 356 574 0.13 0.22
NBSI North Bancshares Inc. 636 597 0.39 0.42 120 115 0.08 0.08
NEIB Northeast Indiana Bancorp 2,193 2,193 1.37 1.37 591 591 0.37 0.37
NEP Northeast PA Financial Corp. NA NA NA NA 557 547 NA NA
NHTB New Hampshire Thrift Bncshrs 2,771 2,528 1.21 1.33 737 653 0.36 0.32
NMSB NewMil Bancorp Inc. 2,758 2,775 0.66 0.66 705 819 0.17 0.20
NSLB NS&L Bancorp Inc. 426 418 0.65 0.66 94 94 0.14 0.14
NSSY NSS Bancorp Inc. 5,928 2,063 0.73 2.46 1,677 1,422 0.69 0.59
NTBK Net.B@nk Inc. -5,577 -5,577 -1.66 -1.66 (839) (839) (0.14) (0.14)
NTMG Nutmeg Federal S&LA 657 486 0.27 0.41 210 174 0.09 0.07
NWEQ Northwest Equity Corp. 1,020 979 1.30 1.35 285 269 0.37 0.35
NWSB Northwest Bancorp Inc. (MHC) 19,410 19,692 0.42 0.42 4,941 5,016 0.11 0.11
OCFC Ocean Financial Corp. 13,825 13,911 1.78 1.77 3,480 3,566 0.47 0.48
OCN Ocwen Financial Corp. 78,932 27,114 0.48 1.39 22,934 (512) 0.37 (0.01)
OFCP Ottawa Financial Corp. 7,527 7,183 1.28 1.34 2,119 1,906 0.37 0.33
OHSL OHSL Financial Corp. 2,007 1,928 1.56 1.62 465 416 0.38 0.34
OSFS Ohio State Financial Services 340 340 NA NA 80 80 NA NA
OTFC Oregon Trail Financial Corp. NA NA NA NA 914 914 NA NA
PBCI Pamrapo Bancorp Inc. 5,071 4,838 1.66 1.74 1,233 1,072 0.44 0.38
PBCT People's Bank (MHC) 92,400 53,595 0.88 1.51 25,200 13,305 0.41 0.22
PBHC Pathfinder Bancorp Inc. (MHC) 1,854 1,593 0.56 0.65 238 137 0.08 0.05
PBKB People's Bancshares Inc. 5,131 2,448 0.70 1.47 1,328 519 0.40 0.16
PCBC Perry County Financial Corp. 886 886 1.16 1.16 200 200 0.26 0.26
PDB Piedmont Bancorp Inc. 1,491 1,491 0.56 0.56 363 362 0.13 0.13
PEDE Great Pee Dee Bancorp NA NA NA NA 46 176 NA NA
PEEK Peekskill Financial Corp. 1,993 1,993 0.67 0.67 461 461 0.16 0.16
PERM Permanent Bancorp Inc. 2,631 2,609 1.20 1.22 705 671 0.33 0.31
PERT Perpetual Bank (MHC) 1,979 2,277 1.50 1.30 635 628 0.41 0.41
PFDC Peoples Bancorp 4,283 4,283 1.25 1.25 1,025 1,025 0.30 0.30
PFED Park Bancorp Inc. 1,543 1,507 0.65 0.67 143 182 0.06 0.08
PFFB PFF Bancorp Inc. 14,229 13,420 0.77 0.82 4,752 4,070 0.28 0.24
PFFC Peoples Financial Corp. 684 674 0.49 0.49 122 122 0.09 0.09
PFNC Progress Financial Corp. 3,872 2,956 0.69 0.90 979 729 0.22 0.16
PFSB PennFed Financial Services Inc 10,685 10,615 1.12 1.13 2,742 2,672 0.29 0.28
PFSLD Pocahontas Bancorp Inc. 2,371 2,336 NA NA 579 561 NA NA
PHBK Peoples Heritage Finl Group 73,401 71,987 2.54 2.59 19,997 19,952 0.71 0.71
PHFC Pittsburgh Home Financial Corp 2,111 1,825 0.99 1.14 571 487 0.31 0.26
PHSB Peoples Home Savings Bk (MHC) 1,638 1,545 NA NA 468 430 0.18 0.17
PKPS Poughkeepsie Financial Corp. 2,429 2,991 0.22 0.18 (953) (512) (0.08) (0.04)
PLSK Pulaski Savings Bank (MHC) 1,121 1,121 NA NA 221 221 0.11 0.11
PMFI Perpetual Midwest Financial 1,931 1,722 0.89 1.01 438 406 0.23 0.21
PRBC Prestige Bancorp Inc. 784 770 0.90 0.92 154 138 0.18 0.16
PROV Provident Financial Holdings 4,899 2,599 0.55 1.05 1,153 465 0.25 0.10
PSBK Progressive Bank Inc. 8,632 8,442 2.15 2.20 2,122 2,083 0.54 0.53
PSFC Peoples-Sidney Financial Corp. 1,146 1,146 NA NA 338 338 0.20 0.20
PSFI PS Financial Inc. 921 1,585 0.81 0.47 (345) 292 (0.13) 0.11
PTRS Potters Financial Corp. 1,197 1,176 1.19 1.21 184 183 0.19 0.19
PULB Pulaski Bank, Svgs Bank (MHC) 1,915 1,672 0.80 0.91 473 421 0.22 0.20
PULS Pulse Bancorp 5,705 5,640 1.77 1.79 1,362 1,362 0.42 0.42
PVFC PVF Capital Corp. 5,039 4,773 1.73 1.83 1,301 1,232 0.47 0.45
PVSA Parkvale Financial Corp. 10,591 10,591 2.02 2.02 2,732 2,732 0.52 0.52
PWBC PennFirst Bancorp Inc. 5,447 5,442 1.08 1.08 1,415 1,407 0.27 0.27
PWBK Pennwood Bancorp Inc. 458 471 0.86 0.84 112 83 0.21 0.16
QCBC Quaker City Bancorp Inc. 5,917 5,715 1.24 1.28 1,559 1,536 0.34 0.33
QCFB QCF Bancorp Inc. 2,487 2,487 2.04 2.04 654 654 0.57 0.57
QCSB Queens County Bancorp Inc. 23,264 22,920 1.58 1.60 5,395 5,112 0.39 0.37
Page 38 of 40
Exhibit 3
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
- ------------------------------------------------------------------------------------------------------------------------------------
RARB Raritan Bancorp Inc. 3,908 3,847 1.52 1.54 989 986 0.39 0.39
RCBK Richmond County Financial Corp NA NA NA NA 2,811 2,760 NA NA
REDF RedFed Bancorp Inc. 10,433 10,683 1.44 1.41 2,865 3,123 0.38 0.41
RELI Reliance Bancshares Inc. 499 485 0.20 0.21 129 126 0.05 0.05
RELY Reliance Bancorp Inc. 18,089 17,080 1.86 1.97 4,887 4,806 0.50 0.49
RIVR River Valley Bancorp 1,076 811 NA NA 315 281 0.29 0.26
ROSE TR Financial Corp. 34,728 31,016 1.75 1.96 9,518 8,368 0.53 0.47
RSLN Roslyn Bancorp Inc. 33,390 41,219 NA NA 9,425 10,601 0.24 0.27
RVSB Riverview Bancorp Inc. 3,313 3,226 NA NA 1,073 1,058 NA NA
SBFL SB of the Finger Lakes (MHC) 847 737 0.21 0.24 260 228 0.07 0.06
SBOS Boston Bancorp (The) 37,152 18,104 3.40 6.98 14,315 5,073 2.69 0.95
SCBS Southern Community Bancshares 848 848 0.87 0.86 216 216 0.22 0.22
SCCB S. Carolina Community Bancshrs 462 462 0.70 0.70 70 70 0.12 0.12
SFED SFS Bancorp Inc. 1,068 1,032 0.90 0.93 279 243 0.26 0.23
SFFC StateFed Financial Corp. 1,096 1,096 0.72 0.72 273 273 0.18 0.18
SFIN Statewide Financial Corp. 5,587 5,542 1.29 1.30 1,430 1,385 0.34 0.33
SFSB SuburbFed Financial Corp. 2,790 2,258 1.68 2.08 713 530 0.53 0.39
SFSL Security First Corp. 9,000 9,029 1.07 1.07 2,356 2,329 0.28 0.28
SGVB SGV Bancorp Inc. 1,344 1,095 0.48 0.58 234 225 0.09 0.09
SHEN First Shenango Bancorp Inc. 4,586 4,576 2.24 2.24 1,064 1,071 0.52 0.52
SHSB SHS Bancorp Inc. 71 553 NA NA 185 185 NA NA
SIB Staten Island Bancorp Inc. 14,549 31,233 NA NA (2,449) 14,066 NA NA
SISB SIS Bancorp Inc. 11,418 14,530 2.10 1.65 593 3,996 0.09 0.61
SKAN Skaneateles Bancorp Inc. 1,662 1,609 1.09 1.13 383 378 0.26 0.26
SKBO First Carnegie Deposit (MHC) 937 830 NA NA 127 92 0.06 0.04
SMBC Southern Missouri Bancorp Inc. 1,378 1,301 0.82 0.86 293 268 0.18 0.16
SOBI Sobieski Bancorp Inc. 497 497 0.66 0.66 127 127 0.17 0.17
SOPN First Savings Bancorp Inc. 5,005 5,005 1.25 1.25 1,298 1,298 0.32 0.32
SOSA Somerset Savings Bank 5,967 5,833 0.34 0.35 1,522 1,514 0.09 0.09
SPBC St. Paul Bancorp Inc. 49,058 49,092 1.41 1.40 12,453 12,294 0.36 0.36
SRN Southern Banc Co. 495 495 0.42 0.42 103 103 0.09 0.09
SSB Scotland Bancorp Inc. 1,113 1,106 0.65 0.65 158 158 0.09 0.09
SSFC South Street Financial Corp. 2,029 1,973 0.46 0.48 (208) (236) (0.05) (0.06)
SSM Stone Street Bancorp Inc. 1,532 1,532 0.82 0.82 362 362 0.19 0.19
STFR St. Francis Capital Corp. 12,359 11,878 2.24 2.33 3,798 2,724 0.72 0.52
STSA Sterling Financial Corp. 9,636 8,858 1.14 1.25 2,543 2,515 0.33 0.33
SVRN Sovereign Bancorp Inc. 77,640 92,116 0.76 0.63 30,065 28,764 0.24 0.23
SWBI Southwest Bancshares Inc. 4,111 4,118 1.49 1.49 1,045 1,165 0.38 0.42
SWCB Sandwich Bancorp Inc. 4,860 4,746 2.39 2.45 1,428 1,376 0.71 0.68
SZB SouthFirst Bancshares Inc. 618 742 0.89 0.74 250 266 0.27 0.29
THR Three Rivers Financial Corp. 827 784 1.01 1.07 203 186 0.26 0.24
THRD TF Financial Corp. 4,874 4,143 1.06 1.25 1,078 929 0.31 0.27
TPNZ Tappan Zee Financial Inc. 1,032 989 0.70 0.72 254 233 0.18 0.17
TRIC Tri-County Bancorp Inc. 901 924 0.77 0.75 218 221 0.18 0.18
TSBK Timberland Bancorp Inc. 3,286 3,063 NA NA 804 752 NA NA
TSBS Peoples Bancorp Inc. (MHC) 7,462 5,562 0.61 0.82 1,564 1,564 0.17 0.17
TSH Teche Holding Co. 3,897 3,717 1.15 1.20 913 910 0.28 0.28
TWIN Twin City Bancorp 1,078 892 0.71 0.86 276 210 0.22 0.17
UBMT United Financial Corp. 1,352 1,352 1.10 1.10 212 212 0.17 0.17
UCBC Union Community Bancorp 1,198 1,198 NA NA 333 333 NA NA
UFRM United Federal Savings Bank 1,803 1,180 0.37 0.57 350 179 0.11 0.06
USAB USABancshares Inc. 231 206 0.26 0.29 128 122 0.16 0.15
UTBI United Tennessee Bankshares 691 691 NA NA 222 222 NA NA
VABF Virginia Beach Fed. Financial 4,103 3,276 0.64 0.80 1,122 890 0.22 0.17
WAMU Washington Mutual Inc. 481,778 799,978 3.15 1.86 237,900 228,459 0.94 0.90
WAYN Wayne Savings Bancshares (MHC) 1,889 1,754 0.77 0.83 461 418 0.20 0.18
WBST Webster Financial Corp. 33,798 48,902 3.53 2.44 14,805 13,868 1.06 0.99
WCBI Westco Bancorp Inc. 4,708 4,388 1.63 1.75 1,204 1,084 0.45 0.41
WCFB Webster City Federal SB (MHC) 1,364 1,364 0.65 0.65 346 346 0.16 0.16
WEFC Wells Financial Corp. 2,209 2,154 1.13 1.16 555 530 0.29 0.28
WEHO Westwood Homestead Fin. Corp. 883 1,389 0.52 0.33 3 344 - NA
WES Westcorp 36,788 -6,707 -0.26 1.40 10,079 (6,859) 0.38 (0.26)
WFI Winton Financial Corp. 3,429 2,863 0.72 0.86 960 799 0.24 0.20
WFSL Washington Federal Inc. 108,033 106,939 2.02 2.04 27,084 26,600 0.51 0.50
WHGB WHG Bancshares Corp. 752 762 0.56 0.55 153 153 0.12 0.12
Page 39 of 40
Exhibit 3
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
- ------------------------------------------------------------------------------------------------------------------------------------
WOFC Western Ohio Financial Corp. 183 378 0.17 0.08 (700) (807) (0.30) (0.35)
WRNB Warren Bancorp Inc. 7,285 5,793 1.46 1.83 1,493 1,394 0.37 0.35
WSB Washington Savings Bank, FSB 2,017 1,456 0.32 0.44 431 337 0.09 0.07
WSBI Warwick Community Bancorp NA NA NA NA 694 649 NA NA
WSFS WSFS Financial Corp. 16,389 16,188 1.27 1.29 3,872 3,747 0.31 0.30
WSTR WesterFed Financial Corp. 7,241 7,021 1.30 1.33 2,098 2,022 0.37 0.36
WVFC WVS Financial Corp. 3,728 3,752 2.12 2.11 996 1,030 0.56 0.58
WYNE Wayne Bancorp Inc. 1,954 1,955 1.03 1.03 442 443 0.23 0.23
YFCB Yonkers Financial Corp. 3,093 3,044 1.07 1.09 808 729 0.29 0.26
YFED York Financial Corp. 11,154 9,312 1.02 1.21 2,911 2,175 0.31 0.23
---------------------------------------------------------------------------------------------------------------------------
Average 12,262 12,356 1.14 1.20 3,399 3,261 0.30 0.28
Median 2,707 2,580 1.05 1.12 672 649 0.27 0.24
Page 40 of 40
Exhibit 3
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
ATSB AmTrust Capital Corp. 288 125 0.25 0.57 64 (4) 0.13 (0.01)
CKFB CKF Bancorp Inc. 1,117 843 0.97 1.29 214 214 0.26 0.26
FFBI First Financial Bancorp Inc. 124 251 0.61 0.30 49 (2) 0.12 -
FFDF FFD Financial Corp. 1,607 772 0.56 1.19 164 164 0.12 0.12
FTSB Fort Thomas Financial Corp. 1,185 1,185 0.82 0.82 306 306 0.21 0.21
HCFC Home City Financial Corp. 888 900 0.99 0.98 251 250 0.24 0.24
KYF Kentucky First Bancorp Inc. 993 983 0.77 0.78 207 204 0.16 0.16
LOGN Logansport Financial Corp. 1,232 1,249 0.96 0.95 360 367 0.29 0.30
MSBF MSB Financial Inc. 1,123 1,038 0.84 0.91 308 263 0.25 0.21
NSLB NS&L Bancorp Inc. 426 418 0.65 0.66 94 94 0.14 0.14
PFFC Peoples Financial Corp. 684 674 0.49 0.49 122 122 0.09 0.09
SFFC StateFed Financial Corp. 1,096 1,096 0.72 0.72 273 273 0.18 0.18
---------------------------------------------------------------------------------------------------------------------------
Average 897 795 0.72 0.81 201 188 0.18 0.16
Median 1,045 872 0.75 0.80 211 209 0.17 0.17
Maximum 1,607 1,249 0.99 1.29 360 367 0.29 0.30
Minimum 124 125 0.25 0.30 49 (4) 0.09 (0.01)
MIVI* Mississippi View Holding Co. 744 732 0.94 0.95 177 175 0.24 0.24
*Pricing data is based upon the last
trade on NASDAQ, the Bank's
most current price is $18.50
Variance to the Comparable Median (301) (140) 0.20 0.15 (34) (34) 0.07 0.07
Exhibit 4
Regional Thrift Deals Since April 2, 1997
Ann'd
Completed/ Deal
Bank/ Bank/ Terminated Value Consider
Buyer ST Thrift Seller ST Thrift Date ($M) Type
----- -- ------ ------ -- ------ ---- ---- ----
Blue River Bancshrs IN Bank Shelby County Bncrp IN Thrift NA 10.8 Cash
Southside Bancshares MO Bank Public Srvc Bk, FSB MO Thrift NA 8.5 Mixture
Jackson Nat Life Ins MI NonDep First FS&LA of SB CA Thrift NA 6.1 Cash
Citizens Finl Svcs IN Thrift SuburbFed Financial IL Thrift NA 46.5 Com Stock
First State Bancshrs MO Bank Joachim Bancorp Inc. MO Thrift NA 12.8 Cash
AMCORE Financial IL Bank Midwest Federal Finl WI Thrift 03/27/98 42.1 Com Stock
Waterfield Mortgage IN Thrift Indiana Community Bk IN Thrift NA 22.1 Cash
Mercantile Bancorp MO Bank HomeCorp Inc. IL Thrift 03/02/98 43.8 Com Stock
First FSB- Siouxland IA Thrift GFS Bancorp Inc. IA Thrift 03/31/98 18.3 Cash
North Central Bcshrs IA Thrift Valley Fin'l Corp IA Thrift 01/30/98 14.7 Cash
Camco Fin'l Corp OH Thrift GF Bancorp, Inc OH Thrift 01/08/98 9.4 Com Stock
Enterprise Fedl Bncp OH Thrift North Cincinnati SB OH Thrift 02/25/98 7.3 Mixture
Washington Bancorp IA Thrift Rubio Savings Bank IA Thrift 01/15/98 4.6 Cash
HMN Financial, Inc. MN Thrift Marshalltown Fin'l IA Thrift 12/09/97 26.2 Cash
Oak Hill Financial OH Bank Unity Savings Bank OH Thrift 10/02/97 9.3 Com Stock
Central Illinois Bcp IL Bank First Ozaukee Capt'l WI Thrift 09/10/97 9.6 Cash
Peoples Bancorp OH Bank Gateway Bancorp KY Thrift 12/12/97 20.6 Mixture
Medians
-------------------------------------------------------------------------
Announced Deal
-------------------------------------------------------------------------
Price Price Price Price Price Price
Per To BV Tang. BV 4-Qtr Deposits Assets
Buyer Share ($) (%) (%) EPS (x) (%) (%)
----- --------- --- --- ------- --- ---
Blue River Bancshrs 58.0 136.3 136.3 19.0 15.3 11.1
Southside Bancshares NA 194.8 194.8 31.6 15.1 12.1
Jackson Nat Life Ins 18.0 128.0 131.3 NA 6.2 5.9
Citizens Finl Svcs 36.0 158.3 158.9 17.7 14.8 10.8
First State Bancshrs 17.3 126.3 126.3 45.4 52.0 36.5
AMCORE Financial 27.6 246.1 255.2 21.2 26.4 20.3
Waterfield Mortgage 21.7 175.0 175.0 NA 27.1 23.6
Mercantile Bancorp 23.8 182.5 182.5 25.9 14.6 13.4
First FSB- Siouxland 17.7 165.6 165.6 20.8 30.7 19.9
North Central Bcshrs 525.0 192.7 192.7 20.5 14.9 13.7
Camco Fin'l Corp 30.3 135.0 135.0 39.9 23.3 19.4
Enterprise Fedl Bncp 18.5 127.0 127.0 NA 14.4 12.1
Washington Bancorp 2300.5 152.4 152.4 18.0 24.5 20.8
HMN Financial, Inc. 17.5 126.2 126.2 NA 24.7 20.6
Oak Hill Financial 100.1 162.1 162.2 21.3 25.1 18.6
Central Illinois Bcp 15.1 115.2 115.2 NA 38.2 28.5
Peoples Bancorp 18.8 118.5 118.5 39.1 41.9 31.0
152.4 152.4 21.3 24.5 19.4
Exhibit 4
Announced Regional Thrift Deals Since April 2, 1997
Ann'd
Completed/ Deal
Bank/ Bank/ Terminated Value Consider
Buyer ST Thrift Seller ST Thrift Date ($M) Type
----- -- ------ ------ -- ------ ---- ---- ----
Blue River Bancshrs IN Bank Shelby County Bncrp IN Thrift NA 10.8 Cash
Southside Bancshares MO Bank Public Srvc Bk, FSB MO Thrift NA 8.5 Mixture
Citizens Finl Svcs IN Thrift SuburbFed Financial IL Thrift NA 46.5 Com Stock
First State Bancshrs MO Bank Joachim Bancorp Inc. MO Thrift NA 12.8 Cash
Waterfield Mortgage IN Thrift Indiana Community Bk IN Thrift NA 22.1 Cash
Medians
-------------------------------------------------------------------------
Announced Deal
-------------------------------------------------------------------------
Price Price Price Price Price Price
Per To BV Tang. BV 4-Qtr Deposits Assets
Buyer Share ($) (%) (%) EPS (x) (%) (%)
----- --------- --- --- ------- --- ---
Blue River Bancshrs 58.0 136.3 136.3 19.0 15.3 11.1
Southside Bancshares NA 194.8 194.8 31.6 15.1 12.1
Citizens Finl Svcs 36.0 158.3 158.9 17.7 14.8 10.8
First State Bancshrs 17.3 126.3 126.3 45.4 52.0 36.5
Waterfield Mortgage 21.7 175.0 175.0 NA 27.1 23.6
158.33 158.86 25.28 15.26 12.06
Exhibit 4
Completed Regional Thrift Deals Since April 2, 1997
Ann'd
Completed/ Deal
Bank/ Bank/ Terminated Value Consider
Buyer ST Thrift Seller ST Thrift Date ($M) Type
----- -- ------ ------ -- ------ ---- ---- ----
AMCORE Financial IL Bank Midwest Federal Finl WI Thrift 03/27/98 47.9 Com Stock
Mercantile Bancorp MO Bank HomeCorp Inc. IL Thrift 03/02/98 51.0 Com Stock
First FSB- Siouxland IA Thrift GFS Bancorp Inc. IA Thrift 03/31/98 18.3 Cash
North Central Bcshrs IA Thrift Valley Fin'l Corp IA Thrift 01/30/98 14.7 Cash
Camco Fin'l Corp OH Thrift GF Bancorp, Inc OH Thrift 01/08/98 11.0 Com Stock
Enterprise Fedl Bncp OH Thrift North Cincinnati SB OH Thrift 02/25/98 9.7 Mixture
Washington Bancorp IA Thrift Rubio Savings Bank IA Thrift 01/15/98 4.7 Cash
HMN Financial, Inc. MN Thrift Marshalltown Fin'l IA Thrift 12/09/97 26.2 Cash
Oak Hill Financial OH Bank Unity Savings Bank OH Thrift 10/02/97 12.6 Com Stock
Central Illinois Bcp IL Bank First Ozaukee Capt'l WI Thrift 09/10/97 9.6 Cash
Peoples Bancorp OH Bank Gateway Bancorp KY Thrift 12/12/97 23.1 Mixture
Medians
-------------------------------------------------------------------------
Announced Deal
-------------------------------------------------------------------------
Price Price Price Price Price Price
Per To BV Tang. BV 4-Qtr Deposits Assets
Buyer Share ($) (%) (%) EPS (x) (%) (%)
----- --------- --- --- ------- --- ---
AMCORE Financial 31.111 265.91 275.08 18.41 30.05 22.63
Mercantile Bancorp 27.635 209.36 209.36 31.76 16.65 15.37
First FSB- Siouxland 17.650 157.17 157.17 15.48 29.57 19.36
North Central Bcshrs 525.000 169.79 169.79 12.31 14.43 13.20
Camco Fin'l Corp 35.310 158.98 158.98 25.77 27.40 22.24
Enterprise Fedl Bncp NA 167.50 167.50 48.99 19.35 16.01
Washington Bancorp 2,334.000 143.59 143.59 17.48 NA NA
HMN Financial, Inc. 17.510 122.45 122.45 30.72 25.26 20.88
Oak Hill Financial 134.609 168.77 168.95 22.18 26.17 19.33
Central Illinois Bcp 15.100 114.48 114.48 NA 36.13 27.17
Peoples Bancorp 21.900 135.60 135.60 37.12 51.49 36.90
158.98 158.98 23.98 26.79 20.12