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Letter portraitLegal landscapeQuarterYTD

First Bank of the Americas, SSB

Chicago, IL · Cert 29791

FDIC

Q1 2005

$72.6MAssets
$52.5MLoans
$55.4MDeposits
$6.0MEquity
Deposit mix
93%Interest-bearing $51.4M7%Noninterest $4.0MQ1 2004Q1 2005

NIM

6.13%Q1 ’035.29%Q1 ’045.45%Q1 ’05-9%+3%

Non-interest income vs. expense

5.52%Q1 ’035.27%Q1 ’046.74%Q1 ’05+31%+25%

Executive Summary

  • Earnings: ROA of -1.12%, down 71 bps year over year; NIM at 4.21%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 94.62% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

-1.12%-71 bps YoY

Net Interest Margin (quarter, annualized)

4.21%+14 bps YoY

Efficiency Ratio (quarter, annualized)

126.81%+1,962 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets-0.41%-0.58%-0.78%0.02%-1.12%-71 bps
Return on Equity-4.72%-6.85%-9.30%0.26%-13.59%-886 bps
Net Interest Margin4.07%3.94%3.75%4.51%4.21%+14 bps
Efficiency Ratio107.19%113.59%114.43%92.34%126.81%+1,962 bps
Non-Interest Burden4.63%4.75%4.58%4.32%5.79%+116 bps
Growth
Asset Growth (YoY)-13.65%-13.43%-12.09%-0.57%-2.01%+1,164 bps
Loan Growth (YoY)-18.23%-15.61%-2.40%9.40%19.86%+3,809 bps
Deposit Growth (YoY)-14.02%-15.81%-15.76%-5.54%-7.70%+632 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.11%0.79%0.00%0.91%-0.03%+8 bps
Allowance / Loans1.31%1.20%1.13%0.85%0.80%-52 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital13.39%13.99%13.45%13.19%11.26%-213 bps
Equity / Assets8.64%8.35%8.38%8.29%8.21%-43 bps
Liquidity & Funding
Loans / Deposits72.86%70.68%78.92%86.74%94.62%+2,176 bps
Liquid Assets / Assets4.93%3.25%4.11%4.10%3.71%-123 bps
CRE / Total Capitaln/an/an/an/an/an/an/a