PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Allfirst Financial Center National Association

Millsboro, DE · Cert 23834

FDIC

Q2 2003

$80.4MAssets
$11.4MLoans
$27.2MDeposits
$8.9MEquity
Loan mix
98%RE $7.7M0%C&I $0.0M2%Consumer $0.2MQ3 2001Q2 2003
Deposit mix
89%Interest-bearing $24.1M11%Noninterest $3.1MQ3 2001Q2 2003

Executive Summary

  • Earnings: ROA of -0.05%, down 27 bps year over year; NIM at -0.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.28%.
  • Funding: loans stand at 41.98% of deposits as of Q2 2003.

Return on Assets (quarter, annualized)

-0.05%-27 bps YoY

Net Interest Margin (quarter, annualized)

-0.03%-129 bps YoY

Efficiency Ratio (quarter, annualized)

82.21%-1,668 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.02%Q2 ’012.59%Q2 ’02-0.09%Q2 ’03-28%-102%

Non-interest income vs. expense

0.72%Q2 ’011.54%Q2 ’02-0.34%Q2 ’03+145%-130%

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.58%1.49%0.59%0.23%0.21%0.24%0.15%-0.05%-27 bps
Return on Equity4.27%11.36%4.15%1.34%1.38%2.00%1.61%-0.51%-185 bps
Net Interest Margin1.54%0.93%1.14%1.26%1.16%1.24%1.14%-0.03%-129 bps
Efficiency Ratio62.71%27.90%64.15%98.89%111.68%100.00%106.25%82.21%-1,668 bps
Non-Interest Burden0.90%-0.72%0.64%1.25%1.32%1.24%1.22%-0.37%-162 bps
Growth
Asset Growth (YoY)16.27%10.79%-17.15%-35.24%-9.93%16.83%107.16%68.66%+10,390 bps
Loan Growth (YoY)14.46%35.83%15.54%18.93%42.09%12.70%28.78%7.33%-1,160 bps
Deposit Growth (YoY)52.98%8.49%16.66%-55.44%-51.16%-18.96%-4.10%23.84%+7,928 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.26%0.28%0.12%0.90%-0.09%-0.03%-0.03%0.28%-62 bps
Allowance / Loans1.71%1.41%1.58%1.50%1.21%1.25%1.23%1.34%-16 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital37.19%31.44%36.41%36.46%29.98%28.51%23.97%28.76%-770 bps
Equity / Assets13.75%12.49%16.37%17.55%12.82%10.93%8.03%11.09%-646 bps
Liquidity & Funding
Loans / Deposits21.94%29.99%33.17%48.44%63.84%41.71%44.54%41.98%-646 bps
Liquid Assets / Assets0.14%0.15%0.20%0.21%0.00%0.00%0.00%0.00%-21 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a