Printer Friendly

SFFED RELEASES MAY CONSOLIDATED FINANCIAL HIGHLIGHTS

 SAN FRANCISCO, June 21 /PRNewswire/ -- SFFed Corp. (NASDAQ: SFFD) today released the following financial highlights:
 SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS
 As of May 31, 1993
 (Unaudited)
 (000'S omitted)
 Maturity/Rate
 Sensitivity
 Interest Earning Assets: Rate Total 0-6 mos.
 (percent)
 Investments 3.00 $153,421 153,421
 Construction Loans 8.95 33,996 33,800
 Real Estate Loans Receivable 7.18 2,500,335 2,268,820
 Loans Held For Sale 7.21 19,501 0
 Mortgage-backed Securities 6.31 282,550 235,482
 Consumer and Other Loans 8.89 93,268 71,390
 Unamortized Rate Adjustments (7,229) (7,229)
 Total 6.98 $3,075,843 2,755,684
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 1.21 146,567 12,102
 Passbook 2.58 69,428 7,926
 MMDA 2.44 22,313 2,531
 Money Market 3.02 520,426 520,426
 Jumbo & Other C.D.s 4.97 1,534,222 673,683
 Total Deposits 4.19 2,292,956 1,216,668
 Borrowings 5.06 743,878 435,416
 Total 4.40 $3,036,834 1,652,084
 Off-balance Sheet:
 Hedges Against Loans Held For
 Sale 0 19,501
 Total 0 19,501
 Interest Earning Assets Over
 (Under) Interest Bearing
 Liabilities 39,009 1,084,099
 Cumulative Difference (Gap) 1,084,099
 Cumulative Gap as a Percentage
 of Interest Earning Assets 35.25
 Interest Earning Assets: 7-12 mos. 1-3 years over 3 years
 Investments 0 0 0
 Construction Loans 196 0 0
 Real Estate Loans Receivable 84,808 54,723 91,984
 Loans Held For Sale 0 0 19,501
 Mortgage-backed Securities 12,744 12,357 21,967
 Consumer and Other Loans 4,879 11,414 5,585
 Unamortized Rate Adjustments 0 0 0
 Total 102,627 78,494 139,037
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 10,720 31,962 91,783
 Passbook 7,021 20,933 33,548
 MMDA 2,242 6,685 10,855
 Money Market 0 0 0
 Jumbo & Other C.D.s 302,655 307,411 250,473
 Total Deposits 322,638 366,991 386,659
 Borrowings 173,783 92,050 42,629
 Total 496,421 459,041 429,288
 Off-balance Sheet:
 Hedges Against Loans Held For
 Sale 0 0 (19,501)
 Total 0 0 (19,501)
 Interest Earning Assets Over
 (Under) Interest Bearing
 Liabilities (393,794) (380,547) (270,750)
 Cumulative Difference (Gap) 690,305 309,758 39,009
 Cumulative Gap as a Percentage
 of Interest Earning Assets 22.44 10.07 1.27
 Benefit of Loan Prmium/Discount
 Amortization 0.13 pct.
 Impact of Hedging Activity 0.00 pct.
 Adjusted Earning Asset Rate Less Adjusted
 Interest Bearing Liability Rate 2.71 pct.
 Excess Earning Asset Benefit 0.06 pct.
 Interest Margin on Earning Assets 2.77 pct.
 Interest Margin on Total Assets 2.60 pct.
 Other Selected Data:
 Total Assets $3,279,919
 Ratio of Nonperforming Assets to Total Assets 4.29 pct
 Current Month YTD
 Loans Originated $99,365 $407,062
 Loans Purchased 73 155
 Loans Sold 30,936 102,358
 Mortgage-backed Securities Purchased 0 0
 Mortgage-backed Securities Sold 0 0
 Customer Deposits Increase (Decrease) 36,088 21,427
 -0- 6/21/93
 /CONTACT: Marilu Rumolo-Boucher of SFFed Corp., 415-955-3083/
 (SFFD)


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

TM -- SF007 -- 4090 06/21/93 13:56 EDT
COPYRIGHT 1993 PR Newswire Association LLC
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.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 21, 1993
Words:548
Previous Article:PHLX TO BEGIN TRADING OPTIONS ON CASINO MAGIC CORP.
Next Article:CALMAT BOARD OF DIRECTORS ELECTS EXECUTIVE VICE PRESIDENT - CONSTRUCTION MATERIALS AND THREE CORPORATE OFFICERS
Topics:


Related Articles
SFFED RELEASES JANUARY CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES APRIL CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES MAY CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES JUNE CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES AUGUST CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES DECEMBER CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES FEBRUARY CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES APRIL CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES AUGUST CONSOLIDATED FINANCIAL HIGHLIGHTS
SFFED RELEASES NOVEMBER CONSOLIDATED FINANCIAL HIGHLIGHTS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters