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To: Trey McAtee who wrote (57119)	11/5/1998 3:22:00 PM
From: James Strauss	Respond to of 58727

LFCO... Trey: LFCO is getting a bounce from its earnings release... The financial ratios are weak... 6.75 seems like short term resistance... I wouldn't chase this now... Jim ~~~~~~~~~~~~~~~~~~~~~~ FINANCIAL RATIOS AND OTHER DATA For the Three Months For the Nine Months Ended Sept. 30, Ended Sept. 30, 1998 1997 1998 1997 Return on average assets 1.34% 5.41% 1.87% 5.07% Return on average equity 11.95% 33.32% 15.20% 44.25% Average equity to average assets 11.24% 16.24% 12.33% 11.46% Equity to total assets at the end of the period 16.18% 16.82% 16.18% 16.82% Average interest rate spread 3.28% 3.39% 3.46% 3.32% Net interest margin 3.75% 4.38% 4.07% 3.83% Average interest-earning assets to average interest-bearing liabilities 109.18% 119.29% 110.81% 109.33% Efficiency ratio 63.64% 36.70% 56.52% 38.97% MEASURES OF ASSET QUALITY At Sept. 30, At Dec. 31, 1998 1997 (Dollars in thousands except per share data) Non-performing loans/gross loans 2.95% 1.73% Non-performing assets/total assets 1.75% 1.60% Allowance for loan losses/gross loans 0.78% 0.87% Allowance for loan losses/ non-performing loans 26.35% 50.20% Non-accrual loans $6,645 $5,126 Non-performing assets $8,647 $6,566 STOCKHOLDERS' VALUE Stockholders' equity $61,544 $54,819 Book value per share $9.38 $8.37 Shares outstanding 6,562,396 6,546,716 LIFE BANK CAPITAL RATIOS Tangible 5.75% 5.30% Core 5.75% 5.30% Risk-based 8.30% 10.32% Tier 1 Risk-based 7.96% 6.55%