CRA Comparison

Rating Factors	Sr. Housing Crime Prevention Foundation	CRA Loan	CRA Loan Pool	Municipal Housing Issue	Low Income Housing Tax Credit Investment	CRA Fund
Credit Quality	AAA	AAA to non-rated; based on strength of borrower	AAA Gov't Agency Guarantee	AAA to non-rated: based on strength of issuing entity	High to Low, based on project cash flow and developer strength	High
CRA Credit:
Lending	Yes	Yes	No	No	Yes	No
Investments	Yes	No	Yes	Yes	Yes	Yes
Service	Potentially Yes	No	No	No	No	No
Loan Loss Reserve	No	Yes	No	No	No	No
Risk Weighting	20%	0 to 100%	0 to 20%	20 to 50%	100%	20%
Yield	5yr. U.S. Agency debentures less 187.5 bps	Prime +2% or more: Fixed rates based on funding costs	30 year Agency MBS less 15 bps	Based on term, structure and current yields in municipal market	10-year TSY + 250 bps	15-year Agency MPS less 90 bps
Full Dollar Credit Each Year	Yes	No	No	No	No	Yes
Term	Short	Short/Long	Intermediate/Long	Long/Short	Long	Intermediate
Additional Yield Potential	Yes	No	No	No	No	No
Touches Real Customers & Family Needs	Yes	No	No	No	No	No
Other	In branch recognition materials Positive local publicity Low to moderate senior housing residents served	Origination costs fairly high Harder to find this type of loan	Usually long maturity and average life	Usually long maturity and harder to find	Usually long maturity and harder to find	Longer average life