Washington Savings Bank FSB

BY THE NUMBERS

October 02, 1991

The Waldorf-based thrift said that its profits rose 152 percent during the three months that ended July 31, pushing the company's net income for fiscal 1991 to $479,000.

The company earned $159,000, or 8 cents a share, during the fourth quarter of its fiscal year, up from $63,000, or 3 cents a share, during the same three months of 1990. The biggest contributors to the higher earnings were a $98,000 cut in general and administrative expenses and a $38,000 gain in non-interest income, according to the bank's earnings statement.

For the full fiscal year, which also ended in July, the company's profitwas 24 cents a share, up from 14 cents a share in fiscal 1990.

Three months ended 7/31/91

..... .....Income..... ..... Share

'91........ 159,000..... ..... 0.08

'90......... 63,000..... ..... 0.03

% change..... +152.4.......... +166.7

.... .... ....Assets.... ....Deposits

'91.... 192,414,000.... 178,950,000

'90.... 166,474,000.... 153,698,000

% change...... +15.6..... ..... +16.4

12 months ended 7/31/91

..... .....Income..... ..... Share

'91........ 479,000..... ..... 0.24

'90........ 275,000..... ..... 0.14

% change...... +74.2..... ..... +71.4

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