Printer Friendly

SFFED RELEASES SEPTEMBER CONSOLIDATED FINANCIAL HIGHLIGHTS

 SAN FRANCISCO, Calif., Oct. 25 /PRNewswire/ -- SFFed Corp. (NASDAQ: SFFD) today released the following financial highlights:
 SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS
 AS OF SEPTEMBER 30, 1993
 (Unaudited)
 (000's omitted)
 Maturity/
 Rate
 Sensitivity
 Interest Earning Assets: Rate Total 0-6 mos.
 (percent)
 Investments 3.13 $171,663 171,663
 Construction Loans 8.72 29,192 29,192
 Real Estate Loans Receivable 6.96 2,441,696 2,238,924
 Loans Held For Sale 6.15 73,885 40,516
 Mortgage-backed Securities 5.89 396,560 358,592
 Consumer and Other Loans 8.72 94,667 74,044
 Unamortized Rate Adjustments (7,085) (7,085)
 Total 6.68 $3,200,578 2,905,846
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 1.10 144,752 13,655
 Passbook 2.40 70,787 11,823
 MMDA 2.25 22,222 1,894
 Money Market 2.66 513,239 513,239
 Jumbo & Other C.D.s 4.79 1,583,030 755,980
 Total Deposits 3.99 2,334,030 1,296,591
 Borrowings 4.88 799,639 576,568
 Total 4.22 $3,133,669 1,873,159
 Off-balance Sheet:
 Hedges Against Loans Held For
 Sale 0 31,408
 Total 0 31,408
 Interest Earning Assets Over
 (Under) Interest Bearing
 Liabilities 66,909 1,001,279
 Cumulative Difference (Gap) 1,001,279
 Cumulative Gap as a Percentage
 of Interest Earning Assets 31.28
 Interest Earning Assets: 7-12 mos. 1-3 years over 3 year
 Investments 0 0 0
 Construction Loans 0 0 0
 Real Estate Loans Receivable 79,686 57,066 66,020
 Loans Held For Sale 1,961 0 31,408
 Mortgage-backed Securities 13,675 13,874 10,419
 Consumer and Other Loans 5,082 9,959 5,582
 Unamortized Rate Adjustments 0 0 0
 Total 100,404 80,899 113,429
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 12,367 38,851 79,879
 Passbook 9,849 25,470 23,645
 MMDA 1,730 5,544 13,054
 Money Market 0 0 0
 Jumbo & Other C.D.s 291,515 306,261 229,274
 Total Deposits 315,461 376,126 345,852
 Borrowings 114,286 103,646 5,139
 Total 429,747 479,772 350,991
 Off-balance Sheet:
 Hedges Against Loans Held For
 Sale 0 0 (31,408)
 Total 0 0 (31,408)
 Interest Earning Assets Over
 (Under) Interest Bearing
 Liabilities (329,343) (398,873) (268,970)
 Cumulative Difference (Gap) 671,936 273,063 4,093
 Cumulative Gap as a Percentage
 of Interest Earning Assets 20.99 8.53 0.13
 Benefit of Loan Prmium/Discount
 Amortization 0.09 pct.
 Impact of Hedging Activity 0.00 pct.
 Adjusted Earning Asset Rate Less Adjusted
 Interest Bearing Liability Rate 2.55 pct.
 Excess Earning Asset Benefit 0.09 pct.
 Interest Margin on Earning Assets 2.64 pct.
 Interest Margin on Total Assets 2.50 pct.
 Other Selected Data:
 Total Assets $3,379,599
 Ratio of Nonperforming Assets to Total Assets 3.67
 Current Month YTD
 Loans Originated $112,944 $835,215
 Loans Purchased 195 472
 Loans Sold 32,115 252,047
 Mortgage-backed Securities Purchased 0 142,262
 Mortgage-backed Securities Sold 0 0
 Customer Deposits Increase (Decrease) (15,819) 62,501
 -0- 10/25/93
 /CONTACT: Marilu Rumolo-Boucher of SFFed, 415-955-3083/
 (SFFD)


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

TM -- SF014 -- 6408 10/25/93 14:21 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 25, 1993
Words:550
Previous Article:DOLBY DIGITAL TECHNOLOGY SELECTED FOR HDTV AUDIO; GRAND ALLIANCE CHOOSES DOLBY AC-3 CODING FOR DIGITAL SOUND
Next Article:ROLLINS, INC. REPORTS RECORD THIRD QUARTER RESULTS; REVENUES UP 10.2 PERCENT AND EARNINGS UP 13.5 PERCENT
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters