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SFFED RELEASES FEBRUARY CONSOLIDATED FINANCIAL HIGHLIGHTS

 SAN FRANCISCO, March 22 /PRNewswire/ -- SFFed Corp. (NASDAQ: SFFD) today released the following financial highlights:
 SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS
 AS OF FEB. 28, 1993
 (Unaudited)($000 Omitted)
 Maturity/Rate Sensitivity
 Rate Total 0-6 Months
 INTEREST EARNING ASSETS: (percent)
 Investments 3.09 $155,399 155,399
 Construction Loans 9.15 33,544 33,544
 Real Estate Loans Receivable 7.42 2,399,095 2,167,438
 Loans Held for Sale 7.60 7,083 0
 Mortgage-backed Securities 6.51 297,580 244,592
 Consumer and Other Loans 9.14 92,485 68,097
 Unamortized Rate Adjustments --- (6,923) (6,923)
 Total 7.19 2,978,263 2,662,147
 INTEREST BEARING LIABILITIES:
 Customer Deposits:
 Checking 1.47 $133,761 12,007
 Passbook 2.83 $68,199 7,785
 MMDA 2.75 $23,302 2,660
 Money Market 3.06 $569,217 569,217
 Jumbo and Other C.D.'S 5.07 $1,427,582 628,882
 Total Deposits 4.25 2,222,061 1,220,551
 Borrowings 5.26 $714,982 467,022
 Total 4.50 $2,937,043 1,687,573
 OFF-BALANCE SHEET:
 Swaps on Mortgage-backed
 Bond $0 0
 Hedges Against Loans Held
 For Sale $0 7,083
 Forward Borrowings $0 0
 Total 0 7,083
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets ($41,220) (967,491)
 Cumulative Difference (Gap) (967,491)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -32.49 pct.
 7-12 Months 1-3 Years Over 3 Years
 INTEREST EARNING ASSETS:
 Investments 0 0 0
 Construction Loans 0 0 0
 Real Estate Loans Receivable 78,391 57,312 95,954
 Loans Held for Sale 0 0 7,083
 Mortgage-backed securities 13,798 14,094 25,096
 Consumer and Other Loans 5,224 12,173 6,991
 Unamortized Rate Adjustments 0 0 0
 Total 97,413 83,579 135,124
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 10,637 31,713 79,404
 Passbook 6,897 20,562 32,955
 MMDA 2,356 7,026 11,260
 Money Market 0 0 0
 Jumbo and Other C.D.'S 230,128 316,438 252,134
 Total Deposits 250,018 375,739 375,753
 Borrowings 76,690 107,943 63,327
 Total 326,708 483,682 439,080
 OFF-BALANCE SHEET:
 Swaps on Mortgage-backed
 Bond 0 0 0
 Hedges Against Loans Held For
 Sale 0 0 (7,083)
 Forward Borrowings 0 0 0
 Total 0 0 (7,083)
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets 229,295 400,103 296,873
 Cumulative Difference (Gap) (738,196) (338,093) (41,220)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -24.79 -11.35 -1.38
 Benefit of Loan Premium/Discount
 Amortization 0.10 pct.
 Impact of Hedging Activity 0.00 pct.
 Adjusted Earning Asset Rate Less
 Adjusted Interest Bearing
 Liability Rate 2.79 pct.
 Excess Earning Asset Benefit 0.06 pct.
 Interest Margin on Earning Assets 2.85 pct.
 Interest Margin on Total Assets 2.67 pct.
 Other Selected Data:
 Total Assets $3,173,198
 Ratio of Nonperforming Assets to Total Assets 4.50 pct.
 Current Month YTD
 Loans Originated $53,990 $114,971
 Loans Purchased 0 0
 Loans Sold 10,187 23,766
 Mortgage-Backed Securities Purchased 0 0
 Mortgage-Backed Securities Sold 0 0
 Customer Deposits Increase (Decrease) (20,420) (49,468)
 -0- 3/22/93
 /CONTACT: Marilu Rumolo-Boucher of SFFed, 415-955-3083/
 (SFFD)


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

TM -- SF004 -- 8303 03/22/93 14:45 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 22, 1993
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