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SFFED RELEASES FEBRUARY CONSOLIDATED FINANCIAL HIGHLIGHTS

 SFFED RELEASES FEBRUARY CONSOLIDATED FINANCIAL HIGHLIGHTS
 SAN FRANCISCO, March 23 /PRNewswire/ -- SFFed Corp. (NASDAQ: SFFD) today released the following financial highlights:
 SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS
 AS OF Feb. 29, 1992
 (Unaudited)
 ($000 omitted)
 Maturity/Rate
 Sensitivity
 Interest Earning Assets: Rate Total 0-6 mos.
 (percent)
 Investments 4.06 $153,945 153,945
 Construction Loans 9.90 87,524 87,524
 Real Estate Loans Receivable 9.00 2,277,011 1,990,569
 Loans Held For Sale 8.43 54,348 414
 Mortgage-backed Securities 8.12 395,330 316,905
 Consumer and Other Loans 10.23 87,347 52,314
 Unamortized Rate Adjustments (7,259) (6,175)
 Total 8.71 $3,048,246 2,595,496
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 2.67 120,313 12,135
 Passbook 3.50 56,981 6,505
 MMDA 2.12 51,407 2,905
 Money Market 4.29 723,558 723,558
 Jumbo & Other C.D.s 5.94 1,380,280 864,261
 Total Deposits 5.12 2,332,539 1,609,364
 Borrowings 8.13 677,762 242,833
 Total 5.80 $3,010,301 1,852,197
 Off-balance Sheet:
 Swap on Mortgage-Backed Bond 0 100,000
 Hedges Against Loans Held for
 Sale 0 (53,816)
 Forward Borrowings 0 (25,000)
 Total 0 21,184
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets ($37,945) (722,115)
 Cumulative Difference (Gap) (722,115)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -23.69
 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 86,345 57,305 142,792
 Loans Held For Sale 0 0 53,934
 Mortgage-Backed Securities 19,168 19,210 40,047
 Consumer and Other Loans 6,296 16,129 12,608
 Unamortized Rate Adjustments (3) (18) (1,063)
 Total 111,806 92,626 248,318
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 10,750 32,049 65,379
 Passbook 5,762 17,180 27,534
 MMDA 2,573 7,672 38,257
 Money Market 0 0 0
 Jumbo & Other C.D.s 253,477 167,728 94,814
 Total Deposits 272,562 224,629 225,984
 Borrowings 111,942 118,189 204,798
 Total 384,504 342,818 430,782
 Off-Balance Sheet:
 Swap On Mortgage-Backed Bond 0 (100,000)
 Hedges Against Loans Held For
 Sale 414 53,402
 Forward Borrowings 25,000 0 0
 Total 25,414 0 (46,598)
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets 298,112 250,192 135,866
 Cumulative Difference (Gap) (424,003) (173,811) (37,945)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -13.91 -5.70 -1.24
 Benefit of Loan Premium/Discount
 Amortization 0.12 pct.
 Impact of Hedging Activity 0.21 pct.
 Adjusted Earning Asset Rate Less
 Adjusted Interest Bearing
 Liability Rate 3.24 pct.
 Excess Earning Asset Benefit 0.07 pct.
 Interest Margin on Earning Assets 3.31 pct.
 Interest Margin on Total Assets 3.11 pct.
 Other Selected Data:
 Total Assets $3,249,140
 Ratio of Nonperforming Assets to Total Assets 3.81 pct.
 Current Month YTD
 Loans Originated $67,176 $131,465
 Loans Purchased 52 76
 Loans Sold 43,268 82,553
 Mortgage-Backed Securities Purchased 0 0
 Mortgage-Backed Securities Sold 0 0
 Customer Deposits Increase (Decrease) (37,967) (107,595)
 -0- 3/23/92
 /CONTACT: Marilu Rumolo-Boucher of SFFed Corp., 415-955-3083/
 (SFFD) CO: SFFed Corp. ST: California IN: FIN SU:


DG -- SF005 -- 0675 03/23/92 15:06 EST
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Publication:PR Newswire
Date:Mar 23, 1992
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