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SFFED RELEASES MARCH CONSOLIDATED FINANCIAL HIGHLIGHTS

 SFFED RELEASES MARCH CONSOLIDATED FINANCIAL HIGHLIGHTS
 SAN FRANCISCO, April 21 /PRNewswire/ -- SFFed Corp. (NASDAQ: SFFD) today released the following financial highlights:
 SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS
 AS OF MARCH 31, 1992
 (Unaudited)
 ($000 omitted)
 Maturity/Rate
 Sensitivity
 Interest Earning Assets: Rate Total 0-6 mos.
 (percent)
 Investments 3.94 $126,945 126,945
 Construction Loans 9.92 84,082 84,082
 Real Estate Loans Receivable 8.86 2,261,731 1,993,138
 Loans Held For Sale 8.46 65,508 212
 Mortgage-backed Securities 8.00 387,881 311,977
 Consumer and Other Loans 10.15 87,526 53,814
 Unamortized Rate Adjustments (7,119) (5,957)
 Total 8.62 $3,006,554 2,564,211
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 2.50 125,021 12,606
 Passbook 3.50 57,779 6,596
 MMDA 1.78 58,005 2,919
 Money Market 4.06 717,366 717,366
 Jumbo & Other C.D.s 5.82 1,373,262 840,475
 Total Deposits 4.94 2,331,433 1,579,962
 Borrowings 7.82 655,780 220,853
 Total 5.57 $2,987,213 1,800,815
 Off-balance Sheet:
 Swap on Mortgage-Backed Bond 0 100,000
 Hedges Against Loans Held for
 Sale 0 (63,783)
 Forward Borrowings 0 (45,000)
 Total 0 (8,783)
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets $(19,341) (772,179)
 Cumulative Difference (Gap) (772,179)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -25.68
 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 78,800 62,981 126,812
 Loans Held For Sale 0 0 65,296
 Mortgage-Backed Securities 19,308 19,774 36,822
 Consumer and Other Loans 5,927 15,783 12,002
 Unamortized Rate Adjustments (0) (16) (1,146)
 Total 104,035 98,522 239,786
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 11,167 33,294 67,954
 Passbook 5,843 17,421 27,919
 MMDA 2,586 7,710 44,790
 Money Market 0 0 0
 Jumbo & Other C.D.s 260,701 169,683 102,403
 Total Deposits 280,297 228,108 243,066
 Borrowings 111,919 118,190 204,818
 Total 392,216 346,298 447,884
 Off-Balance Sheet:
 Swap On Mortgage-Backed Bond 0 (100,000)
 Hedges Against Loans Held For
 Sale 212 63,571
 Forward Borrowings 45,000 0 0
 Total 45,212 0 (36,429)
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets 333,393 247,776 171,669
 Cumulative Difference (Gap) (438,786) (191,010) (19,341)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -14.59 -6.35 -0.64
 Benefit of Loan Premium/Discount
 Amortization 0.17 pct.
 Impact of Hedging Activity 0.21 pct.
 Adjusted Earning Asset Rate Less
 Adjusted Interest Bearing
 Liability Rate 3.43 pct.
 Excess Earning Asset Benefit 0.03 pct.
 Interest Margin on Earning Assets 3.46 pct.
 Interest Margin on Total Assets 3.23 pct.
 Other Selected Data:
 Total Assets $3,222,666
 Ratio of Nonperforming Assets to Total Assets 3.95 pct.
 Current Month YTD
 Loans Originated $91,586 $223,051
 Loans Purchased 0 76
 Loans Sold 49,449 132,002
 Mortgage-Backed Securities Purchased 0 0
 Mortgage-Backed Securities Sold 0 0
 Customer Deposits Increase (Decrease) (1,106) (108,701)
 -0- 4/21/92
 /CONTACT: Marilu Rumolo-Boucher of SFFed Corp., 415-955-3083/
 (SFFD) CO: SFFed Corp. ST: California IN: FIN SU:


MM-RM -- SF010 -- 0862 04/21/92 16:30 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
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