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/FIRST ADD -- NY009 -- NATIONAL WESTMINSTER BANCORP EARNINGS/

 NATIONAL WESTMINSTER BANCORP INC. AND SUBSIDIARIES
 Consolidated Statement of Condition
 (Amounts in thousands)
 June 30 1993 1992
 Assets
 Cash and due from banks $ 847,028 $ 862,335
 Interest bearing deposits with banks 1,387,787 724,447
 Securities
 Held for investment 1,946,751 3,319,103
 Held for sale 1,619,603 --
 Trading account 595,549 952,563
 Federal funds sold and securities
 purchased under agreements to resell 1,342,486 1,090,915
 Loans, net of unearned income of
 $260,715 and $258,281 14,146,218 14,211,391
 Allowance for loan losses (544,460) (657,485)
 Loans, net 13,601,758 13,553,906
 Goodwill 569,795 606,788
 Premises and equipment, net 398,782 389,194
 Due from customers on acceptances 124,600 69,656
 Other assets 606,809 622,674
 Total assets 23,040,948 22,191,581
 Liabilities and equity capital
 Deposits
 Demand $ 3,603,828 $ 3,545,027
 Retail savings and time 9,642,563 9,890,063
 Other domestic time 974,936 1,295,054
 Foreign office 1,856,147 1,895,415
 Total 16,077,474 16,625,559
 Short-term borrowed funds 4,045,309 2,783,677
 Long-term debt 636,105 636,867
 Acceptances outstanding 126,284 71,579
 Accounts payable and accrued liabilities 174,023 311,998
 Total liabilities 21,059,195 20,429,680
 Total equity capital 1,981,753 1,761,901
 Total liabilities and equity capital 23,040,948 22,191,581
 NATIONAL WESTMINSTER BANCORP INC. AND SUBSIDIARIES
 Consolidated Statement of Operations
 (Amounts in thousands)
 Periods Ended Six Months Quarter
 June 30 1993 1992 1993 1992
 Interest income
 Loans $523,543 $569,719 $262,275 $282,364
 Investment securities 93,763 114,407 47,008 55,155
 Trading account 15,810 17,680 9,041 8,628
 Deposits with banks, Federal
 funds sold and securities
 purchased under agreements
 to resell 34,718 33,284 18,267 17,516
 Total interest income 667,834 735,090 336,591 363,663
 Interest expense
 Deposits 196,741 295,575 96,101 140,578
 Short-term borrowed funds 50,666 44,598 28,132 20,826
 Long-term debt 31,607 31,583 15,801 15,792
 Total interest expense 279,014 371,756 140,034 177,196
 Net interest income 388,820 363,334 196,557 186,467
 Provision for loan losses 54,000 61,000 24,000 30,500
 Net interest income after
 provision for loan losses 334,820 302,334 172,557 155,967
 Net interest income
 Service charges on deposit
 accounts 54,482 48,113 27,469 24,236
 Syndication and other
 loan-related fees 23,074 18,478 11,959 8,794
 Credit card fees 13,184 11,892 6,877 6,160
 Letter of credit and
 acceptance fees 10,821 12,563 5,295 5,742
 Securities trading and
 foreign exchange 7,790 4,172 4,325 1,696
 Trust and custody fees 7,345 7,119 3,490 3,515
 Mutual fund and annuity fees 4,112 3,163 2,328 1,860
 Securities gains 21,852 20,475 11,027 10,868
 Other 43,967 29,761 17,366 14,318
 Total non-interest income 186,627 155,736 90,136 77,189
 Operating expenses
 Salaries and benefits 204,842 195,185 103,139 98,149
 Supplies and services 63,343 56,285 31,774 28,865
 Net occupancy 35,296 33,030 18,286 17,106
 Foreclosed assets 21,212 25,026 8,468 13,007
 Equipment 19,110 19,468 9,353 9,212
 FDIC insurance 18,619 16,654 9,310 8,327
 Business development 15,879 16,760 8,066 8,425
 Amortization of goodwill 18,496 18,496 9,248 9,248
 Other 7,609 6,649 4,737 3,668
 Total operating expenses 404,406 387,553 202,381 196,007
 Income before income taxes 117,041 70,517 60,312 37,149
 (Benefit) provision for
 income taxes (13,442) 4,729 (9,484) 1,509
 Net income 130,483 65,788 69,796 35,640
 -0- 7/15/93 AA NY009
 /END FIRST AND FINAL ADD/
 /PRNewswire -- July 15/
 (NW)


CO: National Westminster Bancorp ST: New Jersey IN: FIN SU: ERN

MP-PS -- NY009A -- 1855 07/15/93 10:29 EDT
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Date:Jul 15, 1993
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