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FIRST AND FINAL ADD TO DFSOUTHEASTERN, INC.

 /FIRST AND FINAL ADD -- DFSOUTHEASTERN, INC./
 FINANCIAL HIGHLIGHTS
 DFSOUTHEASTERN, INC.
 (Holding Company for Decatur Federal Savings and Loan Association)
 At June 30 1992 1991
 (in thousands, except for common shares)
 Shares outstanding 4,584,041 4,506,393
 Book value per share $ 29.79 $ 27.48
 Tangible book value per share $ 29.14 $ 26.72
 Total assets $2,590,401 $2,718,937
 Total deposits $2,049,354 $1,951,201
 Capital ratios:
 Core (min. req. 3.0 pct.) 5.34 pct. 4.62 pct.
 Tangible (min. req. 1.5 pct.) 5.21 pct. 4.46 pct.
 Risk-based (min. req. 7.2 pct.) 8.65 pct. 8.38 pct.
 Risk-based (min. req. 8.0 pct. fully
 phased-in ratio) 8.47 pct. 8.14 pct.
 DFSOUTHEASTERN, INC. AND SUBSIDIARIES
 Consolidated Statements of Operations
 (in thousands except per share data)
 (unaudited)
 3 mos. ended June 30 1992 1991
 Interest income:
 Loans receivable $ 46,696 $ 49,060
 Mortgage-backed securities 7,171 8,620
 Investment securities 1,215 2,028
 Other interest income 440 744
 Total interest income 55,522 60,452
 Interest and dividend expense:
 Deposits 28,280 33,464
 Advances and other borrowings 7,530 11,177
 Total interest and dividend expense 35,810 44,641
 Net interest income 19,712 15,811
 Provision for loan losses 6,900 3,483
 Net interest income after provision for
 loan losses 12,812 12,328
 Other income:
 Loan fees and servicing income 2,512 2,276
 Deposit and other service charges 1,982 1,996
 Loan fee income on sale of loans 876 1,849
 Gain (loss) on sale of loans (384) (654)
 Gain on sale of investment and mortgage-backed
 securities 164 210
 Gain on sale real estate held for development
 and sale 291 456
 Unrealized loss on real estate held for
 investment (72) (109)
 Loss on real estate acquired in settlement
 of loans (1,973) (1,374)
 Other, net 1,359 766
 Total other income 4,755 5,416
 General and administrative expenses:
 Compensation and related benefits 7,286 7,847
 Net occupancy expense 1,861 1,795
 Advertising 728 844
 Federal insurance premiums 1,131 1,037
 Amortization of goodwill 111 139
 Other operating expenses 5,772 4,094
 Total general and administrative expenses 16,889 15,756
 Earnings before income tax expense and cumulative
 effect of a change in acctg. principle 678 1,988
 Income tax expense 240 879
 Earnings before cumulative effect of a change
 in accounting principle 438 1,109
 Cumulative effect on prior years of a change
 in the method of acctg. for inc. taxes --- ---
 Net earnings $ 438 $ 1,109
 Earnings per common and common equivalent share:
 Earnings before cumulative effect of a change
 in accounting principle 0.09 0.25
 Gain from cumulative effect on prior years of a
 change in method of acctng. for inc. taxes 0.00 0.00
 Net earnings $ 0.09 $ 0.25
 Wtd. avg. common and common equiv. shares 4,647,418 4,506,393
 6 mos. ended June 30 1992 1991
 Interest income:
 Loans receivable $ 92,395 $ 97,553
 Mortgage-backed securities 14,849 16,967
 Investment securities 2,644 4,207
 Other interest income 754 1,639
 Total interest income 110,642 120,366
 Interest and dividend expense:
 Deposits 59,167 66,755
 Advances and other borrowings 14,613 21,984
 Total interest and dividend expense 73,780 88,739
 Net interest income 36,862 31,627
 Provision for loan losses 10,001 6,044
 Net interest income after provision for
 loan losses 26,861 25,583
 Other income:
 Loan fees and servicing income 5,468 4,119
 Deposit and other service charges 4,300 3,824
 Loan fee income on sale of loans 1,799 2,477
 Gain (loss) on sale of loans 112 57
 Gain on sale of investment and mortgage-backed
 securities 3,622 229
 Gain on sale real estate held for development
 and sale 576 554
 Unrealized loss on real estate held for
 investment (463) (481)
 Loss on real estate acquired in settlement
 of loans (4,445) (2,321)
 Other, net 2,682 2,405
 Total other income 13,651 10,863
 General and administrative expenses:
 Compensation and related benefits 14,849 15,769
 Net occupancy expense 3,870 3,658
 Advertising 1,277 1,614
 Federal insurance premiums 2,262 2,074
 Amortization of goodwill 223 279
 Other operating expenses 10,749 8,124
 Total general and administrative expenses 33,230 31,518
 Earnings before income tax expense and cumulative
 effect of a change in acctg. principle 7,282 4,928
 Income tax expense 2,791 2,028
 Earnings before cumulative effect of a change
 in accounting principle 4,491 2,900
 Cumulative effect on prior years of a change
 in the method of acctg. for inc. taxes 8,000 ---
 Net earnings $ 12,491 $ 2,900
 Earnings per common and common equivalent share:
 Earnings before cumulative effect of a change
 in accounting principle 0.97 0.64
 Gain from cumulative effect on prior years of
 change in method of acctng. for inc. taxes 1.73 0.00
 Net earnings $ 2.70 $ 0.64
 Wtd. avg. common and common equiv. shares 4,625,971 4,506,393
 -0- 7/17/92 AA AT007
 /END OF FIRST AND FINAL ADD/
 (DFSE) CO: DFSoutheastern, Inc. ST: Georgia IN: FIN SU: ERN


BN-BR -- AT007A -- 0257 07/17/92 12:38 EDT
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Date:Jul 17, 1992
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