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SFFED RELEASES DECEMBER CONSOLIDATED FINANCIAL HIGHLIGHTS

 SAN FRANCISCO, Jan. 25 /PRNewswire/ -- SFFed Corp. (NASDAQ: SFFD) today released the following financial highlights:
 SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS
 AS OF Dec. 31, 1992
 (Unaudited)
 ($000 omitted)
 Maturity/Rate Sensitivity
 Interest Earning Assets: Rate Total 0-6 mos.
 (percent)
 Investments 2.87 $157,469 157,469
 Construction Loans 9.22 34,704 34,704
 Real Estate Loans Receivable 7.65 2,356,735 2,114,334
 Loans Held For Sale 8.02 10,183 0
 Mortgage-backed Securities 6.76 312,314 255,882
 Consumer and Other Loans 9.25 91,546 66,133
 Unamortized Rate Adjustments --- (6,873) (6,873)
 Total 7.39 $2,956,078 2,621,649
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 1.50 153,261 12,732
 Passbook 3.00 67,069 7,656
 MMDA 3.00 24,012 2,741
 Money Market 3.32 584,356 584,356
 Jumbo & Other C.D.s 5.17 1,442,831 656,744
 Total Deposits 4.36 2,271,529 1,264,229
 Borrowings 5.61 650,575 363,246
 Total 4.64 $2,922,104 1,627,475
 Off-balance Sheet:
 Swap on Mortgage-Backed Bond --- 0 0
 Hedges Against Loans Held for
 Sale --- 0 10,183
 Forward Borrowings --- 0 0
 Total --- 0 10,183
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets --- ($33,974) (983,991)
 Cumulative Difference (Gap) --- --- (983,991)
 Cumulative Gap as a Percentage
 of Interest Earning Assets --- --- -33.29
 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 87,712 57,048 97,641
 Loans Held For Sale 0 0 10,183
 Mortgage-Backed Securities 15,606 16,665 24,161
 Consumer and Other Loans 5,568 12,568 7,277
 Unamortized Rate Adjustments 0 0 0
 Total 108,886 86,281 139,262
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 11,278 33,626 95,625
 Passbook 6,782 20,222 32,409
 MMDA 2,428 7,240 11,603
 Money Market 0 0 0
 Jumbo & Other C.D.s 263,047 281,260 241,780
 Total Deposits 283,535 342,348 381,417
 Borrowings 64,392 130,500 92,437
 Total 347,927 472,848 473,854
 Off-Balance Sheet:
 Swap On Mortgage-Backed Bond 0 --- 0
 Hedges Against Loans Held For
 Sale 0 --- (10,183)
 Forward Borrowings 0 0 0
 Total 0 0 (10,183)
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets 239,041 386,567 324,409
 Cumulative Difference (Gap) (744,950) (358,383) (33,974)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -25.20 -12.12 -1.15
 Benefit of Loan Premium/Discount
 Amortization 0.15 pct.
 Impact of Hedging Activity 0.00 pct.
 Adjusted Earning Asset Rate Less
 Adjusted Interest Bearing
 Liability Rate 2.90 pct.
 Excess Earning Asset Benefit 0.05 pct.
 Interest Margin on Earning Assets 2.95 pct.
 Interest Margin on Total Assets 2.76 pct.
 Other Selected Data:
 Total Assets $3,160,410
 Ratio of Nonperforming Assets to Total Assets 4.39 pct.
 Current Month YTD
 Loans Originated $83,121 $863,674
 Loans Purchased 51 26,470
 Loans Sold 28,631 434,951
 Mortgage-Backed Securities Purchased 0 0
 Mortgage-Backed Securities Sold 0 0
 Customer Deposits Increase (Decrease) 395 (168,605)
 -0- 1/25/93
 /CONTACT: Marilu Rumolo-Boucher, manager of investor relations at SFFed Corp., 415-955-3083/
 (SFFD)


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

GT-SG -- SF008 -- 8557 01/25/93 13:51 EST
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Date:Jan 25, 1993
Words:573
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