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SFFED RELEASES AUGUST CONSOLIDATED FINANCIAL HIGHLIGHTS

 SFFED RELEASES AUGUST CONSOLIDATED FINANCIAL HIGHLIGHTS
 SAN FRANCISCO, Sept. 23 /PRNewswire/ -- SFFed Corp. (NASDAQ: SFFD) today released the following financial highlights:
 SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS
 AS OF AUGUST 31, 1992
 (Unaudited)
 ($000 omitted)
 Maturity/Rate
 Sensitivity
 Interest Earning Assets: Rate Total 0-6 mos.
 (percent)
 Investments 3.34 $159,270 159,270
 Construction Loans 9.57 72,064 72,064
 Real Estate Loans Receivable 8.04 2,317,100 2,067,205
 Loans Held For Sale 7.79 26,817 0
 Mortgage-backed Securities 7.20 339,231 274,631
 Consumer and Other Loans 9.34 93,756 65,238
 Unamortized Rate Adjustments (6,733) (6,026)
 Total 7.79 $3,001,505 2,632,382
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 1.76 141,228 12,164
 Passbook 3.25 63,156 7,210
 MMDA 3.25 24,461 2,792
 Money Market 3.41 604,027 604,027
 Jumbo & Other C.D.s 5.41 1,457,479 674,300
 Total Deposits 4.57 2,290,351 1,300,493
 Borrowings 7.42 653,961 325,856
 Total 5.20 $2,944,312 1,626,349
 Off-balance Sheet:
 Swap on Mortgage-Backed Bond 0 100,000
 Hedges Against Loans Held for
 Sale 0 (26,817)
 Forward Borrowings 0 (20,000)
 Total 0 53,183
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets $(57,193) (952,850)
 Cumulative Difference (Gap) (952,850)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -31.75
 Maturity/Rate Sensitivity
 Interest Earning Assets: 7-12 mos. 1-3 years over 3 years
 Investments 0 0 0
 Construction Loans 0 0 0
 Real Estate Loans Receivable 83,776 57,106 109,013
 Loans Held For Sale 121 0 26,696
 Mortgage-Backed Securities 16,872 18,368 29,360
 Consumer and Other Loans 5,499 14,366 8,653
 Unamortized Rate Adjustments (3) (15) (689)
 Total 106,265 89,825 173,033
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 10,775 32,127 86,162
 Passbook 6,387 19,042 30,517
 MMDA 2,474 7,375 11,820
 Money Market 0 0 0
 Jumbo & Other C.D.s 293,799 280,666 208,714
 Total Deposits 313,435 339,210 337,213
 Borrowings 4,914 134,287 188,904
 Total 318,349 473,497 526,117
 Off-Balance Sheet:
 Swap On Mortgage-Backed Bond 0 (100,000)
 Hedges Against Loans Held For
 Sale 121 26,696
 Forward Borrowings 20,000 0 0
 Total 20,121 0 (73,304)
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets 232,205 383,672 279,780
 Cumulative Difference (Gap) (720,645) (336,973) (57,193)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -24.01 -11.23 -1.91
 Benefit of Loan Premium/Discount
 Amortization 0.12 pct.
 Impact of Hedging Activity 0.24 pct.
 Adjusted Earning Asset Rate Less
 Adjusted Interest Bearing
 Liability Rate 2.95 pct.
 Excess Earning Asset Benefit 0.10 pct.
 Interest Margin on Earning Assets 3.05 pct.
 Interest Margin on Total Assets 2.88 pct.
 Other Selected Data:
 Total Assets $3,183,075
 Ratio of Nonperforming Assets to Total Assets 3.82 pct.
 Current Month YTD
 Loans Originated $68,863 $577,569
 Loans Purchased 26,042 26,262
 Loans Sold 24,704 314,425
 Mortgage-Backed Securities Purchased 0 0
 Mortgage-Backed Securities Sold 0 0
 Customer Deposits Increase (Decrease) 5,541 (149,783)
 -0- 9/23/92
 /CONTACT: Marilu Rumolo-Boucher of SFFed, 415-955-3083/
 (SFFD) CO: SFFed Corp. ST: California IN: FIN SU:


TM-GT -- SF010 -- 2731 09/23/92 15:01 EDT
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Publication:PR Newswire
Date:Sep 23, 1992
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