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STANDARD FEDERAL BANK REPORTS MONTHLY FINANCIAL HIGHLIGHTS

 STANDARD FEDERAL BANK REPORTS MONTHLY FINANCIAL HIGHLIGHTS
 TROY, Mich., Aug. 12 /PRNewswire/ -- Today, Standard Federal Bank (NYSE: SFB) reported the following selected financial data on its operations for the month ended July 31, 1992:
 At
 July 31, Dec. 31, July 31,
 1992 1991 1991
 (Dollars in thousands)
 SELECTED FINANCIAL DATA:
 Total assets $9,591,506 $9,513,922 $9,364,696
 Investment securities 883,502 939,328 1,162,232
 Mortgage-backed securities 3,530,679 3,918,852 4,012,205
 Loans receivable 4,588,841 4,043,578 3,622,736
 Deposits 6,260,336 6,188,550 5,675,760
 Borrowings 2,312,540 2,474,762 2,784,435
 Weighted average rate on
 deposit portfolio(1) (pct) 4.55 5.55 6.23
 Nonperforming assets as a
 percentage of total assets
 (pct) 0.84 0.73 0.77
 Nonperforming assets (net of
 reserves) as a percentage
 of total assets (pct) 0.60 0.48 0.57
 One-year repricing gap as a
 percentage of total
 assets(2) (pct) +2.00 -1.97 -3.90
 Market capitalization of
 common stock 639,961 564,123 384,428
 Dividend yield on
 common stock (pct) 2.33 2.19 3.20
 (1) The rates presented represent the actual weighted average contractual rates paid to the bank's deposit customers, and exclude the impact of purchase accounting adjustments and interest rate exchange agreements.
 (2) The percentage reported as of July 31, 1992, is a reasonable estimate of the bank's actual position and may be subject to further revision.
 For the Month Ended For the Seven Months Ended
 July 31, July 31,
 1992 1991 1992 1991
 (Dollars in thousands)
 DEPOSIT ACTIVITY:
 Net increase
 (decrease) $135,337 ($53,189) $71,786 ($222,603)
 Net increase
 (decrease) as a
 percent of beginning
 deposits (pct) 2.21 -0.93 1.16 -3.77
 Interest credited,
 included above $10,149 $15,920 $145,048 $187,280
 Sale of deposits,
 included above --- ($12,863) --- ($21,303)
 For the Month Ended For the Seven Months Ended
 July 31 July 31
 1992 1991 1992 1991
 (Dollars in thousands)
 MORTGAGE LOAN ACTIVITY:
 Dollar volume of residential
 loan closings $206,872 $118,698 $1,875,582 $924,389
 Dollar volume of
 apartment loan closings --- $2,018 $200 $2,127
 Dollar volume of
 commercial loan closings --- --- $1,105 $1,045
 Total loan closings $206,872 $120,716 $1,876,887 $927,561
 30-year fixed-rate
 loans closed as a
 percentage of total
 loans closed (pct) 37.90 54.80 33.90 52.10
 15-year fixed-rate
 loans closed as a
 percentage of total
 loans closed (pct) 35.90 17.50 41.60 29.50
 Balloon loans closed
 as a percentage of total
 loans closed (pct) 9.30 13.40 8.50 8.40
 Adjustable-rate loans
 closed as a percentage
 of total loans
 closed (pct) 16.90 14.30 16.00 10.00
 Average yield on
 30-year fixed-rate
 loans closed (pct) 8.50 9.89 8.90 9.81
 Average yield on
 15-year fixed-rate
 loans closed (pct) 8.13 9.70 8.61 9.61
 Average yield on balloon
 loans closed (pct) 8.15 10.00 8.62 9.99
 Average yield on
 adjustable-rate
 loans closed (pct) 7.00 9.00 7.33 8.92
 Repaid, net $78,794 $38,755 $628,182 $331,507
 Securitized and sold $116,869 $398 $678,132 $526,751
 For the Month Ended For the Seven Months Ended
 July 31, July 31,
 1992 1991 1992 1991
 WEIGHTED AVERAGE
 INTEREST RATES:
 Yield on earning
 assets (pct) 8.48 9.30 8.61 9.49
 Cost of interest-bearing
 liabilities (pct) 5.98 7.17 6.13 7.42
 Interest rate spread 2.50 2.13 2.48 2.07
 Net interest margin
 on average earning
 assets (pct) 2.83 2.38 2.79 2.31
 The information presented herein reflects current operating statistics but does not necessarily constitute all factors affecting the quarterly or annual financial results of Standard Federal. This interim financial information is unaudited and may be adjusted in subsequent financial statements provided by the bank on a quarterly basis. Standard Federal makes no commitment to revise this information for changes in circumstances or events which may occur subsequent to the date of this release.
 -0- 8/12/92
 /CONTACT: Joseph Krul of Standard Federal Bank, 313-643-9600, or (in Michigan) 800-482-3930, or (in Indiana) 800-874-3716/
 (SFB) CO: Standard Federal Bank ST: Michigan IN: FIN SU:


SM -- DE019 -- 6268 08/12/92 14:46 EDT
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