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STANDARD FEDERAL BANK REPORTS MONTHLY FINANCIAL HIGHLIGHTS

 TROY, Mich., Dec. 10 /PRNewswire/ -- Today, Standard Federal Bank (NYSE: SFB) reported the following selected financial data on its operations for the month ended Nov. 30, 1993:
 At
 Nov. 30, Dec. 31, Nov. 30,
 1993 1992 1992
 (Dollars in Thousands)
 SELECTED FINANCIAL DATA:
 Total assets $9,932,647 $9,544,731 $9,703,076
 Investment securities 570,859 543,149 655,321
 Mortgage-backed securities 2,414,510 3,175,781 3,291,893
 Loans receivable 6,415,211 5,235,399 5,175,746
 Deposits 6,851,305 6,527,603 6,517,455
 Borrowings 1,980,923 2,081,312 2,085,770
 Loan servicing portfolio 2,866,094 3,615,238 3,673,365
 Number of employees (FTE's) 2,265 2,221 2,206
 Weighted average rate on
 deposit portfolio(1) (pct) 3.81 4.11 4.14
 Ratio of nonperforming assets
 to total assets (pct) 0.70 0.75 0.77
 One-year repricing gap as a
 percentage of total
 assets(2) (pct) +8.00 +11.05 +15.55
 (1) These rates represent the actual weighted average contractual rates paid to the bank's deposit customers, and exclude the impact of purchase accounting adjustments and interest rate exchange agreements.
 (2) The percentage reported as of Nov. 30, 1993, is an estimate of the bank's repricing position. The amounts for both Dec. 31, 1992, and Nov. 30, 1992, have been restated from prior periods' disclosures to reflect Standard Federal's recent change in assumptions concerning the maturities of those FHLB advances which contain a call provision at Standard Federal's option.
 For the Month of Nov. Year-to-Date Through Nov.
 1993 1992 1993 1992
 (In Thousands)
 DEPOSIT PORTFOLIO ACTIVITY:
 Net customer deposits
 (withdrawals) $94,488 $98,622 $156,460 ($71,735)
 Deposits acquired from
 merger/branch
 purchases --- --- 4,546 170,549
 Interest credited
 to deposits 11,466 11,597 219,183 230,091
 Sales of deposits --- --- (56,487) ---
 Net increase (decrease)
 in deposit portfolio $105,954 $110,219 $323,702 $328,905
 Total increase (decrease)
 as a percentage of
 beginning deposits (pct) 1.6 1.7 5.0 5.3
 For the Month of Nov. Year-to-Date Through Nov.
 1993 1992 1993 1992
 (In Thousands)
 MORTGAGE LOAN ACTIVITY:
 Total volume of
 loan closings
 Residential $424,016 $351,730 $3,740,106 $3,307,744
 Apartment --- 33 2,324 1,338
 Commercial --- --- 5,650 1,105
 Total loan closings 424,016 351,763 3,748,080 3,310,187
 Loans acquired from
 mergers --- --- --- 149,940
 Loans securitized
 and sold (75,325) (88,680) (819,225)(1,114,956)
 Loans repaid, net (215,329) (146,102) (1,731,525)(1,174,596)
 Net increase (decrease)
 in mortgage loan
 portfolio $133,362 $116,981 $1,197,330 $1,170,575
 For the Month of Nov. Year-to-Date Through Nov.
 1993 1992 1993 1992
 (In Thousands)
 MORTGAGE LOAN CLOSINGS
 DATA:
 Loan type closed as a
 percentage of total
 loans closed:
 30-year fixed-rate (pct) 32 35 29 34
 15-year fixed-rate (pct) 34 44 36 44
 10-year fixed-rate (pct) 12 N/A 12 N/A
 Balloons (pct) 13 8 14 8
 Adjustable-rate (pct) 9 13 9 14
 Total (pct) 100 100 100 100
 Average yield on
 loans closed:
 30-year fixed-rate (pct) 7.13 8.38 7.61 8.66
 15-year fixed-rate (pct) 6.71 8.00 7.20 8.31
 10-year fixed-rate (pct) 6.48 N/A 6.90 N/A
 Balloons (pct) 6.27 7.87 6.86 8.31
 Adjustable-rate (pct) 5.75 6.88 6.10 7.16
 Total (pct) 6.68 7.98 7.13 8.27
 For the Month of Nov. Year-to-Date Through Nov.
 1993 1992 1993 1992
 WEIGHTED AVERAGE RATES:
 Yield on earning
 assets (pct) 7.39 8.06 7.71 8.49
 Cost of interest-bearing
 liabilities (pct) 4.60 5.32 4.85 5.88
 Interest rate
 spread (pct) 2.79 2.74 2.86 2.61
 Net interest margin
 on average earning
 assets (pct) 3.09 3.03 3.10 2.87
 The information presented herein reflects current operating statistics but does not necessarily constitute all factors affecting the quarterly or annual financial results of Standard Federal. This interim financial information is unaudited and may be adjusted in subsequent financial statements provided by the bank on a quarterly basis. Standard Federal makes no commitment to revise this information for changes in circumstances or events which may occur subsequent to the date of this release.
 -0- 12/10/93
 /CONTACT: Joseph Krul, senior vice president and chief financial officer, stockholder relations of Standard Federal Bank, 1-800-643-9600/
 (SFB)


CO: Standard Federal Bank ST: Michigan IN: FIN SU:

TO-KE -- DE012 -- 2714 12/10/93 14:50 EST
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Date:Dec 10, 1993
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