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SFFED RELEASES FEBRUARY CONSOLIDATED FINANCIAL HIGHLIGHTS

 SAN FRANCISCO, April 19 /PRNewswire/ -- SFFed Corp. (NASDAQ: SFFD) today released the following financial highlights:
 SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS
 AS OF MARCH 31, 1993
 (Una ? (000's Omitted)
 Maturity/Rate Sensitivity
 Rate Total 0-6 Months
 (percent)
 Interest Earning Assets:
 Investments 3.41 $168,919 168,919
 Construction Loans 9.10 $33,416 33,281
 Real Estate Loans Receivable 7.32 $2,432,852 2,207,704
 Loans Held for Sale 7.22 $17,937 0
 Mortgage-backed Securities 6.46 $293,107 241,708
 Consumer and Other Loans 9.04 $92,545 68,963
 Unamortized Rate Adjustments ($7,222) (7,222)
 Total 7.11 $3,031,554 2,713,354
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 1.31 $138,229 12,165
 Passbook 2.67 $68,318 7,799
 MMDA 2.54 $22,914 2,603
 Money Market 3.07 $549,618 549,618
 Jumbo and Other C.D.'S 5.04 $1,475,984 635,374
 Total Deposits 4.23 2,255,063 1,207,558
 Borrowings 5.20 $731,484 473,515
 Total 4.47 $2,986,547 1,681,073
 Off-balance Sheet:
 Hedges against Loans Held for Sale $0 17,937
 TOTAL 0 17,937
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets ($45,007)(1,014,343)
 Cumulative Difference (Gap) (1,014,343)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -33.46 pct.
 7-12 month 1-3 years over 3 years
 Interest earning assets:
 Investments 0 0 0
 Construction loans 135 0 0
 Real estate loans receivable 76,552 53,042 95,554
 Loans held for Sale 0 0 17,937
 Mortgage-backed securities 13,502 13,629 24,268
 Consumer and other loans 5,005 11,788 6,789
 Unamortized rate adjustments 0 0 0
 Total 95,194 78,459 144,548
 Interest bearing liabilities:
 Customer deposits:
 Checking 10,776 32,129 83,158
 Passbook 6,909 20,598 33,012
 MMDA 2,306 6,875 11,131
 Money market 0 0 0
 Jumbo and other C.D.s 264,713 320,150 255,747
 Total deposits 284,704 379,752 383,048
 Borrowings 86,691 107,946 63,332
 Total 371,395 487,698 446,380
 Off-balance sheet:
 Hedges against loans
 held for sale 0 0 (17,937)
 Total 0 0 (17,937)
 Interest-bearing liabilities
 Over (under) interest
 Earning assets 276,201 409,239 283,895
 Cumulative difference (gap) (738,142) (328,903) (45,007)
 Cumulative gap as a percentage
 of interest-earning assets -24.35 pct. -10.85 pct. -1.48 pct.
 Benefit of loan premium/discount amortization 0.11 pct
 Impact of hedging activity 0.00 pct
 Adjusted earning asset rate less adjusted
 Interest-bearing liability rate 2.75 pct.
 Excess earning asset benefit 0.07 pct.
 Interest margin on earning assets 2.82 pct.
 Interest margin on total assets 2.65 pct.
 Other selected data:
 Total assets $3,224,944
 Ratio of nonperforming
 assets to total assets 4.45 pct.
 Year-to-Date Current Month
 Loans originated $95,774 $210,745
 Loans purchased 0 0
 Loans sold $12,629 $36,395
 Mortgage-backed securities purchased 0 0
 Mortgage-backed securities sold 0 0
 Customer deposits increase (decrease) $33,002 ($16,466)
 -0- 4/19/93
 /CONTACT: Marilu Rumolo-Boucher of SFFed, 415-955-3083/
 (SFFD)


CO: SFFed Corp. ST: California IN: FIN SU:

TM -- SF009 -- 7461 04/19/93 13:41 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Date:Apr 19, 1993
Words:550
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