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| Jade Financial Corp. |
| 213 West Street Road, Feasterville, PA 19053 * (215) 322-9000 |
| Business Description | The company is a savings and loan holding company for the IGA Federal Savings Bank. We are now a community-oriented federal mutual savings bank primarily serving customers in the Philadelphia metropolitan area through five offices located in Philadelphia, Bucks, Chester and Delaware Counties, PA. |
| Offering Information Company has | |||
| Trading As | IGAF (NASSCM) | Industry | Savings Bank (SIC 6035) |
| Type of Stock Offered | Common Shares | Filing Date | 6/8/99 |
| Domestic Shares Offered | 1,813,000 | Offer Date | 10/5/99 |
| Foreign Shares Offered | 0 | Filing Price | $8.00 |
| Company Shares | 1,813,000 | Offer Price | $8.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | - - |
| Gross Proceeds | $14,504,000 | Selling | - - |
| Expenses | - - | Reallowance | - - |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Charles Webb & Company | Lead Manager | (614) 766-8400 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 6/30/94 | 6/30/95 | 6/30/96 | 6/30/97 | 6/30/98 | 3/31/98 | 3/31/99 |
| Revenues | 11.051 | 11.535 | 12.205 | 12.511 | 12.434 | 2.923 | 3.166 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | 2.293 | 1.743 | 1.486 | 1.026 | 0.663 | 0.037 | 0.130 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | 4.38 | 5.81 | 2.51 | -0.615 | 8.31 | ||
| Net Income Growth (%) | -23.99 | -14.74 | -30.96 | -35.38 | 251.35 | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | 20.75 | 15.11 | 12.18 | 8.20 | 5.33 | 4.11 | 1.27 |
| Cash Flow - Oper. | 0.52 | 0.52 | -0.11 | ||||
| Cash Flow - Inv. | -6.82 | -8.43 | -6.72 | ||||
| Cash Flow - Fin. | 10.90 | 6.73 | 6.59 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/99 | Financial Ratios | ||||
| Total Assets | 177.47 | Current Assets | - | Current Ratio | - |
| Total Liab. | 162.37 | Current Liab. | 162.37 | Debt Ratio | 91.49% |
| Total Equity | 15.10 | Working Cap. | - | Debt to Equity Ratio | 10.76 |
| Cash | 8.56 | Return on Assets | 0.07% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Stevens & Lee |
| Bank's Law Firm | Silver, Freedman & Taff |
| Auditor | Stockton Bates & Co., P.C. |
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