Bank of America, National Association (USA)

Phoenix, AZ · Cert 27595

FDIC

Q3 2006

$57.3BAssets

$56.5BLoans

$74.3MDeposits

$7.4BEquity

Loan mix

Deposit mix

NIM

Earnings: ROA of 5.45%, up 266 bps year over year; NIM at 11.93%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.91%.
Funding: loans stand at 76143.39% of deposits as of Q3 2006.

Return on Assets (quarter, annualized)

5.45%+266 bps YoY

Net Interest Margin (quarter, annualized)

11.93%+120 bps YoY

Efficiency Ratio (quarter, annualized)

22.04%+90 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q3 2005	Q4 2005	Q1 2006	Q2 2006	Q3 2006	YoY Δ	Trend
Earnings
Return on Assets	2.80%	0.81%	3.90%	6.10%	5.45%	+266 bps
Return on Equity	24.08%	7.46%	35.18%	50.45%	42.64%	+1,856 bps
Net Interest Margin	10.72%	10.70%	10.82%	11.25%	11.93%	+120 bps
Efficiency Ratio	21.14%	20.15%	22.07%	21.28%	22.04%	+90 bps
Non-Interest Burden	-0.72%	-0.59%	-0.34%	-1.43%	-0.82%	-10 bps
Growth
Asset Growth (YoY)	45.21%	41.78%	14.59%	-1.17%	-4.12%	-4,933 bps
Loan Growth (YoY)	41.60%	36.28%	14.41%	-2.10%	-5.30%	-4,689 bps
Deposit Growth (YoY)	1328%	1070%	91.39%	-12.25%	-7.40%	-133,494 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	5.35%	9.03%	4.28%	4.92%	5.91%	+56 bps
Allowance / Loans	5.56%	5.49%	5.73%	5.90%	5.43%	-13 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	12.05%	11.46%	12.28%	12.99%	13.87%	+182 bps
Equity / Assets	11.32%	10.54%	11.64%	12.61%	12.98%	+166 bps
Liquidity & Funding
Loans / Deposits	74451%	86179%	79454%	72794%	76143%	+169,266 bps
Liquid Assets / Assets	0.38%	0.73%	1.00%	0.65%	0.36%	-3 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a