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SFFED RELEASES OCTOBER CONSOLIDATED FINANCIAL HIGHLIGHTS

 SAN FRANCISCO, Nov. 16 /PRNewswire/ -- SFFed Corp. (NASDAQ: SFFD) today released the following financial highlights:
 SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS
 AS OF OCTOBER 31, 1993
 (Unaudited)
 (000'S omitted)
 Maturity/
 Rate
 Sensitivity
 Interest Earning Assets: Rate Total 0-6 mos.
 (percent)
 Investments 2.93 $157,450 157,450
 Construction Loans 8.71 29,352 29,347
 Real Estate Loans Receivable 6.91 2,446,657 2,259,920
 Loans Held For Sale 5.85 86,164 53,411
 Mortgage-backed Securities 5.80 399,578 354,854
 Consumer and Other Loans 8.70 94,162 74,023
 Unamortized Rate Adjustments (7,073) (7,073)
 Total 6.63 $3,206,290 2,921,932
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 0.92 152,765 13,455
 Passbook 2.26 71,362 11,919
 MMDA 2.00 22,336 1,896
 Money Market 2.55 507,563 507,563
 Jumbo & Other C.D.s 4.75 1,586,842 782,919
 Total Deposits 3.92 2,340,868 1,317,752
 Borrowings 4.81 804,816 622,787
 Total 4.15 $3,145,684 1,940,539
 Off-balance Sheet:
 Hedges Against Loans Held For
 Sale 0 30,456
 Total 0 30,456
 Interest Earning Assets Over
 (Under) Interest Bearing
 Liabilities 60,606 1,011,849
 Cumulative Difference (Gap) 1,011,849
 Cumulative Gap as a Percentage
 of Interest Earning Assets 31.56
 Interest Earning Assets: 7-12 mos. 1-3 years over 3 year
 Investments 0 0 0
 Construction Loans 5 0 0
 Real Estate Loans Receivable 68,800 53,390 64,547
 Loans Held For Sale 2,297 0 30,456
 Mortgage-backed Securities 14,965 17,036 12,723
 Consumer and Other Loans 5,133 9,575 5,431
 Unamortized Rate Adjustments 0 0 0
 Total 91,200 80,001 113,157
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 12,270 39,182 87,858
 Passbook 9,929 25,677 23,837
 MMDA 1,732 5,551 13,157
 Money Market 0 0 0
 Jumbo & Other C.D.s 336,996 243,725 223,202
 Total Deposits 360,927 314,135 348,054
 Borrowings 74,105 103,172 4,752
 Total 435,032 417,307 352,806
 Off-balance Sheet:
 Hedges Against Loans Held For
 Sale 0 0 (30,456)
 Total 0 0 (30,456)
 Interest Earning Assets Over
 (Under) Interest Bearing
 Liabilities (343,832) (337,306) (270,105)
 Cumulative Difference (Gap) 668,017 330,711 60,606
 Cumulative Gap as a Percentage
 of Interest Earning Assets 20.83 10.31 1.89
 Benefit of Loan Prmium/Discount
 Amortization 0.08 pct.
 Impact of Hedging Activity 0.00 pct.
 Adjusted Earning Asset Rate Less Adjusted
 Interest Bearing Liability Rate 2.56 pct.
 Excess Earning Asset Benefit 0.08 pct.
 Interest Margin on Earning Assets 2.64 pct.
 Interest Margin on Total Assets 2.49 pct.
 Other Selected Data:
 Total Assets $3,392,785
 Ratio of Nonperforming Assets to Total Assets 3.66
 Current Month YTD
 Loans Originated $95,966 $931,181
 Loans Purchased 60 532
 Loans Sold 47,381 299,428
 Mortgage-backed Securities Purchased 0 142,262
 Mortgage-backed Securities Sold 0 0
 Customer Deposits Increase (Decrease) 6,838 69,338
 -0- 11/16/93
 /CONTACT: Marilu Rumolo-Boucher of SFFed Corp., 415-955-3083/
 (SFFD)


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

TM -- SF013 -- 5225 11/16/93 20:18 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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