Printer Friendly

SFFED RELEASES APRIL CONSOLIDATED FINANCIAL HIGHLIGHTS

 SFFED RELEASES APRIL CONSOLIDATED FINANCIAL HIGHLIGHTS
 SAN FRANCISCO, May 22 /PRNewswire/ -- SFFed Corp. (NASDAQ: SFFD) today released the following financial highlights:
 SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS
 AS OF APRIL 30, 1992
 (Unaudited)
 ($000 omitted)
 Maturity/Rate
 Sensitivity
 Interest Earning Assets: Rate Total 0-6 mos.
 (percent)
 Investments 3.74 $154,796 154,796
 Construction Loans 9.84 81,193 81,193
 Real Estate Loans Receivable 8.67 2,264,282 1,995,248
 Loans Held For Sale 8.47 55,250 0
 Mortgage-backed Securities 7.83 377,877 303,569
 Consumer and Other Loans 9.96 89,406 56,795
 Unamortized Rate Adjustments (6,859) (5,825)
 Total 8.40 $3,015,945 2,585,776
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 2.52 116,103 11,755
 Passbook 3.50 57,806 6,599
 MMDA 1.53 57,128 2,853
 Money Market 3.78 673,460 673,460
 Jumbo & Other C.D.s 5.67 1,389,733 781,707
 Total Deposits 4.80 2,294,230 1,476,374
 Borrowings 7.66 676,975 273,754
 Total 5.45 $2,971,205 1,750,128
 Off-balance Sheet:
 Swap on Mortgage-Backed Bond 0 100,000
 Hedges Against Loans Held for
 Sale 0 (55,516)
 Forward Borrowings 0 (45,000)
 Total 0 (516)
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets $(44,740) (836,164)
 Cumulative Difference (Gap) (836,164)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -27.72
 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 83,468 62,040 123,526
 Loans Held For Sale 0 0 55,250
 Mortgage-Backed Securities 18,868 19,367 36,073
 Consumer and Other Loans 5,706 15,426 11,479
 Unamortized Rate Adjustments (1) (16) (1,017)
 Total 108,041 96,817 225,311
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 10,413 31,048 62,887
 Passbook 5,846 17,429 27,932
 MMDA 2,527 7,535 44,213
 Money Market 0 0 0
 Jumbo & Other C.D.s 288,070 204,972 114,984
 Total Deposits 306,856 260,984 250,016
 Borrowings 80,831 127,993 194,397
 Total 387,687 388,977 444,413
 Off-Balance Sheet:
 Swap On Mortgage-Backed Bond 0 (100,000)
 Hedges Against Loans Held For
 Sale 0 55,516
 Forward Borrowings 45,000 0 0
 Total 45,000 0 (44,484)
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets 324,646 292,160 174,618
 Cumulative Difference (Gap) (511,518) (219,358) (44,740)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -16.96 -7.27 -1.48
 Benefit of Loan Premium/Discount
 Amortization 0.15 pct.
 Impact of Hedging Activity 0.21 pct.
 Adjusted Earning Asset Rate Less
 Adjusted Interest Bearing
 Liability Rate 3.31 pct.
 Excess Earning Asset Benefit 0.08 pct.
 Interest Margin on Earning Assets 3.39 pct.
 Interest Margin on Total Assets 3.19 pct.
 Other Selected Data:
 Total Assets $3,204,722
 Ratio of Nonperforming Assets to Total Assets 3.83 pct.
 Current Month YTD
 Loans Originated $81,411 $304,462
 Loans Purchased 0 76
 Loans Sold 52,294 184,296
 Mortgage-Backed Securities Purchased 0 0
 Mortgage-Backed Securities Sold 0 0
 Customer Deposits Increase (Decrease) (37,203) (145,904)
 -0- 5/22/92
 /CONTACT: Marilu Rumolo-Boucher of SFFed Corp., 415-955-3083/
 (SFFD) CO: SFFed Corp. ST: California IN: FIN SU:


MM-RM -- SF010 -- 3405 05/22/92 15:21 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 22, 1992
Words:580
Previous Article:NBSC CORPORATION DECLARES DIVIDEND
Next Article:MISCOLL, MANATT NAMED TO SPI PHARMACEUTICAL'S BOARD
Topics:


Related Articles
SFFED RELEASES JANUARY CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES MAY CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES JUNE CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES AUGUST CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES DECEMBER CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES FEBRUARY CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES APRIL CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES MAY CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES AUGUST CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES APRIL CONSOLIDATED FINANCIAL HIGHLIGHTS

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