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SFFED RELEASES JUNE CONSOLIDATED FINANCIAL HIGHLIGHTS

 SFFED RELEASES JUNE CONSOLIDATED FINANCIAL HIGHLIGHTS
 SAN FRANCISCO, July 21 /PRNewswire/ -- SFFed Corp. (NASDAQ: SFFD) today released the following financial highlights:
 SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS
 AS OF June 30, 1992
 (Unaudited)
 ($000 omitted)
 Maturity/Rate
 Sensitivity
 Interest Earning Assets: Rate Total 0-6 mos.
 (percent)
 Investments 3.83 $167,031 167,031
 Construction Loans 9.78 80,025 80,025
 Real Estate Loans Receivable 8.36 2,278,356 2,023,983
 Loans Held For Sale 8.41 55,077 0
 Mortgage-backed Securities 7.49 357,287 288,617
 Consumer and Other Loans 9.69 92,968 62,343
 Unamortized Rate Adjustments (6,892) (5,941)
 Total 8.10 $3,023,852 2,616,058
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 1.89 142,109 11,921
 Passbook 3.50 59,909 6,839
 MMDA 3.50 23,908 2,729
 Money Market 3.69 627,290 627,290
 Jumbo & Other C.D.s 5.54 1,434,354 753,552
 Total Deposits 4.73 2,287,570 1,402,331
 Borrowings 7.53 691,408 358,190
 Total 5.38 $2,978,978 1,760,521
 Off-balance Sheet:
 Swap on Mortgage-Backed Bond 0 100,000
 Hedges Against Loans Held for
 Sale 0 (54,407)
 Forward Borrowings 0 (45,000)
 Total 0 593
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets $(44,874) (854,944)
 Cumulative Difference (Gap) (854,944)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -28.27
 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 78,339 57,020 119,014
 Loans Held For Sale 121 0 54,956
 Mortgage-Backed Securities 17,312 17,935 33,423
 Consumer and Other Loans 5,113 14,937 10,575
 Unamortized Rate Adjustments (50) (11) (890)
 Total 100,835 89,881 217,078
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 10,561 31,486 88,141
 Passbook 6,058 18,063 28,949
 MMDA 2,418 7,208 11,553
 Money Market 0 0 0
 Jumbo & Other C.D.s 269,805 281,726 129,271
 Total Deposits 288,842 338,483 257,914
 Borrowings 14,783 128,996 189,439
 Total 303,625 467,479 447,353
 Off-Balance Sheet:
 Swap On Mortgage-Backed Bond 0 (100,000)
 Hedges Against Loans Held For
 Sale 121 54,286
 Forward Borrowings 45,000 0 0
 Total 45,121 0 (45,714)
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets 247,911 377,598 184,561
 Cumulative Difference (Gap) (607,033) (229,435) (44,874)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -20.07 -7.59 -1.48
 Benefit of Loan Premium/Discount
 Amortization 0.15 pct.
 Impact of Hedging Activity 0.22 pct.
 Adjusted Earning Asset Rate Less
 Adjusted Interest Bearing
 Liability Rate 3.09 pct.
 Excess Earning Asset Benefit 0.08 pct.
 Interest Margin on Earning Assets 3.17 pct.
 Interest Margin on Total Assets 2.99 pct.
 Other Selected Data:
 Total Assets $3,206,712
 Ratio of Nonperforming Assets to Total Assets 3.77 pct.
 Current Month YTD
 Loans Originated $64,738 $449,769
 Loans Purchased 44 120
 Loans Sold 24,030 237,312
 Mortgage-Backed Securities Purchased 0 0
 Mortgage-Backed Securities Sold 0 0
 Customer Deposits Increase (Decrease) (23,513) (152,564)
 -0- 7/21/92
 /CONTACT: Marilu Rumolo-Boucher of SFFed Corp., 415-955-3083/
 (SFFD) CO: SFFed Corp. ST: California IN: FIN SU:


RM-MM -- SF008 -- 1452 07/21/92 15:11 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Jul 21, 1992
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