FINANCIAL  HIGHLIGHTS 36. The Impac Companies – Financial Highlights For the year ended December 31, (in thousands, except per share data) 2000 1999 1998 1997 1996 Total Assets $ 1,898,838 $ 1,675,430 $ 1,665,504 $ 1,752,812 $ 972,355 Net Earnings $ (54,233) $ 22,317 $ (5,933) $ 28,346 (1) $ 11, 879 Revenues $ 149,592 $ 126,360 $ 150,119 $ 119,859 $ 65,169 Diluted Earnings Per Share  $ (2.70) $ 0.76 $ (0.25) $ 1.74 (1) $ 1.32 Dividends Declared Per Share $ 0.36 0.48 $ 1.46 $ 1.68 $ 1.61 Return on Equity (27.04)% 9.29% (2.48)% 17.38% 16.39% Return on Assets (2.93)% 1.38% (0.29)% 2.07% 1.52% Diluted Book Value Per Share (2) $ 6.67 $ 8.60 $ 8.22 $ 10.16 $ 9.62 Market Capitalization $ 78,959 $ 114,636 $ 139,618 $ 403,000 $ 148,755 Fully Diluted Shares Outstanding (3) 26,766 27,757 30,618 22,546 14,100 (1) Net earnings and earnings per share are stated before a non-recurring  charge related to the buyout of the Company’s management agreement  on December 19, 1997. (2) Diluted Book Value per share calculated assuming conversion of the  Company’s Cumulative Convertible Preferred Stock into common stock. (3) All references to outstanding shares and earnings per share data  give retroactive effect to the Company’s 3 for 2 common stock  split effective November 24, 1997.