Bayview Capital Corporation's February 1997 monthly financial highlights

Business Wire, March 25, 1997

SAN MATEO, Calif.--(BUSINESS WIRE)--March 25, 1997--

                 Monthly Financial Highlights
                          (Unaudited)
                                                As of or for the
                    As of or for the Month       Two Months
                      Ended February 28,       Ended February 28,
(Dollars in           1997         1996          1997       1996
thousands)

Loans and Mortgage-
Backed Securities
Activity

Loans Originated    $ 29,382    $ 15,683        $ 52,457    $25,515
Loans Purchased/
 Repurchased        $  6,384    $     76        $ 10,375    $   175
Loans Sold          $     --    $     --        $     --    $    --
Loans Securitized
 and Sold           $     --    $     --        $253,225    $    --
Mortgage-backed
 Securities
  Purchased         $     --    $     --        $     --    $    --
Mortgage-backed
 Securities Sold    $     --    $ 24,214        $     --    $27,745

Assets

Cash and Cash
 Equivalents (a)    $102,213    $ 86,150
Investment Securities
 and FHLB Stock       76,912      65,958
Mortgage-backed
 Securities          564,784     689,181
Loans Receivable,
 net               2,209,258   2,041,620
Other                 59,186      78,536
 Total Assets     $3,012,353  $2,961,445

Customer Deposits

Transaction Accounts:

 Checking         $  109,233  $  105,553
 Regular Savings     177,741     188,061
 Money Market
  Accounts           194,140     109,909
                     -------     -------
                     481,114     403,523

Term Accounts:

 6-month CDs         112,804      73,452
 1-year CDs          433,597     321,939
 Jumbo CDs - Branch   11,718      22,429
 Jumbo CDs -
  Money Desk              --      14,139
 Other Time Deposits 643,337     956,393
                   ---------   ---------
                   1,201,456   1,388,352

Total Customer
 Deposits         $1,682,570  $1,791,875

Net Customer Deposit
 Decreases from Prior
  Month           $  (45,720) $   (6,931)
Interest Credited
Included in Net
Customer Deposit
Decreases         $    2,206  $    1,372        $  5,147    $ 2,426

Borrowings and Other Liabilities

Federal Home Loan
 Bank Advances    $ 827,510   $  784,530
Securities Sold     198,957      137,640
under Agreements to
Repurchase
Senior Debentures    50,000           --
Other Borrowings      6,950        7,492
Other Liabilities    54,678       36,344
 Total Borrowings
  and Other
   Liabilities   $1,138,095     $966,006


                   Monthly Financial Highlights
                           (Unaudited)

                                          Month Ended
                                          February 28,
                                         1997      1996

Weighted Average Yields and Rates

Loans                                    7.83%    7.80%
Mortgage-backed Securities               6.51%    6.47%
Investment Securities and Other          5.88%    5.81%
Interest-earning Assets                  7.49%    7.39%
Customer Deposits                        4.65%    5.20%
Borrowings                               6.25%    6.14%
Interest-bearing Liabilities             5.25%    5.52%
Net Interest Spread (b) (c)              2.24%    1.87%
Net Interest Margin (b) (c)              2.58%    2.18%

                                       As of February 28,
                                         1997     1996

Origination Rate on New
Single-Family Mortgage Loans
(Fully Indexed)

1-Year Treasury (d)                       N/A      7.67%
Monthly COFI                              N/A      7.68%
Fixed 30-Year (d)                         N/A      7.75%

Key Ratios

Nonperforming Assets/Total Assets (e)    0.74%    1.19%
Troubled Debt Restructurings/Total
Assets (f)                               0.02%    0.53%

(a) Cash and cash equivalents include federal funds sold.
(b) Net interest spread and margin are calculated excluding
    nonperforming assets and including the impact of purchase
    accounting adjustments finalized in September 1996.
(c) Net interest margin represents net interest spread after
    including a factor for the excess of interest-earning assets
    over interest-bearing liabilities.
(d) The loan product is no longer being offered.
(e) Loans ninety days or more delinquent, (excluding accruing loans
    delinquent ninety days or more), loans designated as
    nonperforming, nonperforming securities and foreclosed
    real estate.
(f) Real estate loans which have been modified (due to borrower
    financial difficulties) with a stated interest rate and/or a
    monthly payment rate lower than the prevailing market rate.  At
    February 28, 1997, all such loans were current according to
    their modified terms.

Comments:

    Deposits declined during February 1997 as compared to January
1997 as a result of CDs run off (principally maturities in 18 month
and 2 year certificates) that are not renewed due to CD pricing
strategies.
    The net interest margin declined during February 1997 as compared
to January 1997 as a result of higher yielding CTL auto loans that
were sold and securitized on January 29, 1997.  The premium arising
from the sale of the auto loan portfolio has been recorded as part of
the purchase accounting valuations related to the June 1996
acquisition of CTL.