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SFFED RELEASES JULY CONSOLIDATED FINANCIAL HIGHLIGHTS

 SFFED RELEASES JULY CONSOLIDATED FINANCIAL HIGHLIGHTS
 SAN FRANCISCO, Aug. 25 /PRNewswire/ -- SFFed Corp. (NASDAQ: SFFD) today released the following financial highlights:
 SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS
 As Of July 31, 1992
 (Unaudited)
 ($000 omitted)
 Maturity/Rate
 Sensitivity
 Interest Earning Assets: Rate Total 0-6 mos.
 (percent)
 Investments 3.21 $177,247 177,247
 Construction Loans 9.53 74,297 74,297
 Real Estate Loans Receivable 8.18 2,284,049 2,028,422
 Loans Held For Sale 8.16 22,239 0
 Mortgage-backed Securities 7.35 348,522 282,651
 Consumer and Other Loans 9.37 93,464 64,157
 Unamortized Rate Adjustments (6,684) (6,035)
 Total 7.88 $2,993,134 2,620,739
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 1.70 148,805 12,375
 Passbook 3.50 61,753 7,050
 MMDA 3.50 24,559 2,804
 Money Market 3.62 611,832 611,832
 Jumbo & Other C.D.s 5.45 1,437,861 675,711
 Total Deposits 4.64 2,284,810 1,309,772
 Borrowings 7.34 669,104 341,024
 Total 5.25 $2,953,914 1,650,796
 Off-balance Sheet:
 Swap on Mortgage-Backed Bond 0 100,000
 Hedges Against Loans Held for
 Sale 0 (21,973)
 Forward Borrowings 0 (20,000)
 Total 0 58,027
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets $(39,220) (911,916)
 Cumulative Difference (Gap) (911,916)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -30.47
 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 83,496 57,734 114,397
 Loans Held For Sale 121 0 22,118
 Mortgage-Backed Securities 17,456 18,630 29,785
 Consumer and Other Loans 5,611 14,788 8,908
 Unamortized Rate Adjustments (58) (10) (581)
 Total 106,626 91,142 174,627
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 10,962 32,683 92,785
 Passbook 6,245 18,619 29,839
 MMDA 2,483 7,405 11,867
 Money Market 0 0 0
 Jumbo & Other C.D.s 309,365 286,073 166,712
 Total Deposits 329,055 344,780 301,203
 Borrowings 4,913 134,285 188,882
 Total 333,968 479,065 490,085
 Off-Balance Sheet:
 Swap On Mortgage-Backed Bond 0 (100,000)
 Hedges Against Loans Held For
 Sale 121 21,852
 Forward Borrowings 20,000 0 0
 Total 20,121 0 (74,148)
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets 247,463 387,923 237,310
 Cumulative Difference (Gap) (664,453) (276,530) (39,220)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -22.20 -9.24 -1.31
 Benefit of Loan Premium/Discount
 Amortization 0.13 pct.
 Impact of Hedging Activity 0.22 pct.
 Adjusted Earning Asset Rate Less
 Adjusted Interest Bearing
 Liability Rate 2.98 pct.
 Excess Earning Asset Benefit 0.07 pct.
 Interest Margin on Earning Assets 3.05 pct.
 Interest Margin on Total Assets 2.87 pct.
 Other Selected Data:
 Total Assets $3,185,674
 Ratio of Nonperforming Assets to Total Assets 3.82 pct.
 Current Month YTD
 Loans Originated $58,937 $508,706
 Loans Purchased 100 220
 Loans Sold 52,628 289,940
 Mortgage-Backed Securities Purchased 0 0
 Mortgage-Backed Securities Sold 0 0
 Customer Deposits Increase (Decrease) (2,760) (155,324)
 -0- 8/25/92
 /CONTACT: Marilu Rumolo-Boucher of SFFed Corp., 415-955-3083/
 (SFFD) CO: SFFed Corp. ST: California IN: FIN SU:


RM-DG -- SF001 -- 2865 08/25/92 08:01 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Aug 25, 1992
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