IMPACT OF BUSH PLAN ON LOCAL INSTITUTIONS

President Bush’s plan to rescue the beleaguered savings and loan industry calls for an increase in premiums that banks and S&Ls; pay for federal deposit insurance. Under the proposal, bankers would see their premiums rise from 83 cents per $1,000 in deposits to $1.20 in 1990 and rise again to $1.50 in 1991. S&Ls;, which currently pay $2.08 for every $1,000 in deposits, would pay $2.30 in 1991 and drop to $1.80 in 1994. The accompanying chart estimates the amount each bank and S&L; in Orange County is paying now, and what each would pay under Bush’s plan, based on deposits as of Sept. 30, 1988. Because there are certain deductions that banks can take, the premiums for banks are overstated by about 5% on average.

WHAT COUNTY-BASED SAVINGS AND LOANS WILL PAY

Based on deposits at Sept. 30, 1988 All amounts in thousands of dollars.

Current Step 1 (‘91) Step 2 (‘94) Total $2.08/ $2.30/ $1.80/ Savings and Loan Deposits $1,000 $1,000 $1,000 American $15,290,025 $31,803.3 $35,167.1 $27,522.0 Lincoln 4,142,385 8,616.2 9,527.5 7,456.3 Far West 3,272,175 6,806.1 7,526.0 5,889.9 Household Bank 2,533,409 5,269.5 5,826.8 4,560.1 Downey 2,767,020 5,755.4 6,364.1 4,980.6 Mercury 2,127,480 4,425.2 4,893.2 3,829.5 Western Financial 1,038,682 2,160.5 2,389.0 1,869.6 Beverly Hills 1,682,483 3,499.6 3,869.7 3,028.5 Pacific 1,032,617 2,147.8 2,375.0 1,858.7 Butterfield 636,724 1,324.4 1,464.5 1,146.1 United California 529,791 1,102.0 1,218.5 953.6 Guardian 475,742 989.5 1,094.2 856.3 Charter 406,064 844.6 933.9 730.9 Newport Balboa 317,979 661.4 731.4 572.4 Fullerton 306,164 636.8 704.2 551.1 San Clemente 265,054 551.3 609.6 477.1 Universal 248,091 516.0 570.6 446.6 First California 206,954 430.5 476.0 372.5 Sterling 155,230 322.9 357.0 279.4 Malibu 154,352 321.1 355.0 277.8 Westport 148,851 309.6 342.4 267.9 Standard Pacific 123,368 256.6 283.7 222.1 Western Empire 117,921 245.3 271.2 212.3 Huntington 109,540 227.8 251.9 197.2 Security 79,513 165.4 182.9 143.1 Constitution 73,037 151.9 169.0 131.5 Beach 73,712 153.3 169.5 132.7 Irvine City 67,957 141.4 156.3 122.3 Delta 55,924 116.3 128.6 100.7 Cornerstone 49,610 103.2 114.1 89.3 Perpetual 49,368 102.7 113.5 88.6 Plaza 42,405 88.2 97.5 76.3 American Interstate 28,275 58.8 65.0 50.9 Pioneer 15,784 32.8 36.3 28.4 Orange County Totals $38,623,686 $80,337.4 $88,835.2 $69,522.3

Source: Federal Home Loan Bank of San Francisco. WHAT COUNTY-BASED BANKS WILL PAY

Based on deposits at Sept. 30, 1988 All amounts in thousands of dollars.

Step 1 Current (‘90) Bank Deposits .83/1,000 1.20/1,000 Eldorado $217,592 $180.6 $261.1 CommerceBank 217,202 180.3 260.6 Sunwest 200,708 166.6 240.8 Commercial Center 199,159 165.3 239.0 National Bank of So. Cal. 173,662 144.1 208.4 Bank of Newport 170,449 141.5 204.5 Landmark 135,049 112.1 162.1 Far Western 134,895 112.0 161.9 Orange National 133,566 110.9 160.3 Pioneer 115,494 95.9 138.6 El Camino 113,178 93.9 135.8 Citizens Bank of Costa Mesa 104,545 86.8 125.5 Liberty National 98,538 81.8 118.2 Pacific National 85,963 71.3 103.2 Pacific Inland 78,445 65.1 94.1 American Commerce National 75,473 62.6 90.6 Mission Viejo National 71,539 59.4 85.8 Huntington National 70,183 58.3 84.2 Marine National 63,977 53.1 76.8 Corporate 62,370 51.8 74.8 Frontier, N.A. 61,296 50.9 73.6 California City, N.A. 54,768 45.5 65.7 American Interstate 50,107 41.6 60.1 Monarch 49,598 41.2 59.5 Mariners, N.A. 48,368 40.1 58.0 Bank of Westminster 44,923 37.3 53.9 Colonial, N.A. 42,806 35.5 51.4 Bank of Anaheim, N.A. 41,615 34.5 49.9 Security Pacific State 40,260 33.4 48.3 Bank of San Clemente 38,674 32.1 46.4 Dana Niguel, N.A. 38,241 31.7 35.9 Founders National 37,767 31.3 45.3 Bank of Orange Cty 29,829 24.8 35.8 Bank of Yorba Linda 28,731 23.8 34.5 Grand National 26,225 21.8 31.5 First American Capital, N.A. 23,847 19.8 28.6 Laguna, N.A. 23,736 19.7 28.5 United American 21,982 18.2 26.4 Mission Valley, N.A. 13,286 11.0 15.9 Orange County Totals $3,238,046 $2,687.6 $3,875.5

Step 2 (‘91) Bank 1.50/1,000 Eldorado $326.4 CommerceBank 325.8 Sunwest 301.1 Commercial Center 298.7 National Bank of So. Cal. 260.5 Bank of Newport 255.7 Landmark 202.6 Far Western 202.3 Orange National 200.3 Pioneer 173.3 El Camino 169.8 Citizens Bank of Costa Mesa 156.8 Liberty National 147.8 Pacific National 128.9 Pacific Inland 117.7 American Commerce National 113.2 Mission Viejo National 107.3 Huntington National 105.3 Marine National 96.0 Corporate 93.6 Frontier, N.A. 91.9 California City, N.A. 82.2 American Interstate 75.2 Monarch 74.4 Mariners, N.A. 72.6 Bank of Westminster 67.4 Colonial, N.A. 64.2 Bank of Anaheim, N.A. 62.4 Security Pacific State 60.4 Bank of San Clemente 58.0 Dana Niguel, N.A. 57.4 Founders National 56.7 Bank of Orange Cty 44.7 Bank of Yorba Linda 43.1 Grand National 39.3 First American Capital, N.A. 35.8 Laguna, N.A. 35.6 United American 33.0 Mission Valley, N.A. 19.9 Orange County Totals $4,857.3

Source: Sheshunoff Information Services Inc.