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SFFED RELEASES JANUARY CONSOLIDATED FINANCIAL HIGHLIGHTS

    SAN FRANCISCO, Feb. 22 /PRNewswire/ -- SFFed Corp. (NASDAQ: SFFD) today released the following financial highlights:
    SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS AS OF Jan. 31, 1993
                        (Unaudited)
                       ($000 omitted)
                                         Maturity/Rate Sensitivity
    Interest Earning Assets:             Rate    Total    0-6 mos.
                                      (percent)
    Investments                         2.98    $153,392    153,392
    Construction Loans                  9.17      34,580     34,580
    Real Estate Loans Receivable        7.52   2,375,585  2,143,173
    Loans Held For Sale                 7.86       7,454          0
    Mortgage-backed Securities          6.59     303,285    248,660
    Consumer and Other Loans            9.22      91,519     66,701
    Unamortized Rate Adjustments         ---      (6,921)    (6,921)
     Total                              7.28  $2,958,894  2,639,585
    Interest Bearing Liabilities:
    Customer Deposits:
     Checking                           1.44     137,204     12,058
     Passbook                           2.84      67,298      7,683
     MMDA                               2.75      23,406      2,672
     Money Market                       3.07     578,763    578,763
     Jumbo & Other C.D.s                5.11   1,435,810    657,967
      Total Deposits                    4.27   2,242,481  1,259,143
     Borrowings                         5.36     681,119    442,272
      Total                             4.64  $2,923,600  1,701,415
    Off-balance Sheet:
     Swap on Mortgage-Backed Bond        ---           0          0
     Hedges Against Loans Held for
      Sale                               ---           0      7,454
     Forward Borrowings                  ---           0          0
       Total                             ---           0      7,454
    Interest Bearing Liabilities
     Over (Under) Interest
     Earning Assets                      ---    ($35,294)  (930,716)
    Cumulative Difference (Gap)          ---         ---   (930,716)
    Cumulative Gap as a Percentage
     of Interest Earning Assets          ---         ---     -31.45
                                       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    75,780        55,942    100,690
    Loans Held For Sale                  0             0      7,454
    Mortgage-Backed Securities      14,335        14,490     25,800
    Consumer and Other Loans         5,311        12,381      7,126
    Unamortized Rate Adjustments         0             0          0
     Total                          95,426        82,813    141,070
    Interest Bearing Liabilities:
    Customer Deposits:
     Checking                       10,682         31,846    82,618
     Passbook                        6,806         20,290    32,519
     MMDA                            2,367          7,057    11,310
     Money Market                        0              0         0
     Jumbo & Other C.D.s           230,921        299,662   247,260
     Total Deposits                250,776        358,855   373,707
    Borrowings                      65,889        105,500    67,458
     Total                         316,665        464,355   441,165
    Off-Balance Sheet:
     Swap On Mortgage-Backed Bond         0           ---         0
     Hedges Against Loans Held For
      Sale                                0           ---    (7,454)
     Forward Borrowings                   0             0         0
      Total                               0             0    (7,454)
    Interest Bearing Liabilities
     Over (Under) Interest
     Earning Assets                 221,239       381,542   292,641
    Cumulative Difference (Gap)   (709,477)      (327,935)  (35,294)
    Cumulative Gap as a Percentage
     of Interest Earning Assets     -23.98         -11.08     -1.19
    Benefit of Loan Premium/Discount
     Amortization                                0.12 pct.
    Impact of Hedging Activity                   0.00 pct.
    Adjusted Earning Asset Rate Less
     Adjusted Interest Bearing
     Liability Rate                              2.88 pct.
    Excess Earning Asset Benefit                 0.05 pct.
    Interest Margin on Earning Assets            2.93 pct.
    Interest Margin on Total Assets              2.74 pct.
    Other Selected Data:
    Total Assets                                        $3,159,331
    Ratio of Nonperforming Assets to Total Assets         4.48 pct.
                                        Current Month      YTD
    Loans Originated                       $60,981      $ 60,981
    Loans Purchased                              0             0
    Loans Sold                              13,579        13,579
    Mortgage-Backed Securities Purchased         0             0
    Mortgage-Backed Securities Sold              0             0
    Customer Deposits Increase (Decrease)  (29,048)      (29,048)
    -0-             02/22/93
    CONTACT:  Marilu Rumolo-Boucher, manager of investor relations of SFFed Corp., 415-955-3083
    (SFFD) CO:  SFFED CORP. IN:  FIN ST:  CA


-- SF004 -- X402 02/22/93
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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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Date:Feb 22, 1993
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