Atlanfed Bancorp*... ... ... ... ... ... ..... Ticker...

EARNINGS

July 22, 1994

Atlanfed Bancorp*

... ... ... ... ... ... ..... Ticker... ... Yesterday's ... ... ... ... ... ... ... ..Symbol... ... Cls. ... ... ... Chg.

... ... ... ... ... ... ..AFED .. ... ...17 1/4 .. ... ..-

Period ended

6/30/94 ... ... ... 1st qtr ... ... ... Year ago ... ... ... chg.

Net Income ... .... $128 ... ... ... ... $414... ... ... ...-69.1%

Primary EPS .. .... $0.09... ... ... ... $0.29.. ... ... ...-69.0%

Annualized return

on assets... ... ... 0.22%... ... ... ... 0.69%... ... ... ... --

Add. to allowance

for loan losses.. ...$47 ... .. ... .. ... $69... ... ... ...-31.9%

Balances as of ... ... ... ... ..6/30/94... ... ... ... ... 6/30/93

DAssets... ... ... $241,235 ... ... ... . ...$242,022 ... ....-0.3%

Deposits ... ... .$176,464 ... ... ... .....$187,433 ... ....-5.9%

Loans outst. .. ..$206,044 ... ... ... .....$196,084 ... ... +5.1%

Loan loss

reserve ... ... ..$1,096... ... ... ... ... $1,000... ... .. +9.6%

* Atlanfed agreed in April to be acquired by Susquehanna Bancshares Inc., of Lititz, Pa., for $20 a share in stock.

Figures in thousands (except per share data.)

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