Associates National Bank (Delaware)

Newark, DE · Cert 33367

FDIC

Q4 2001

$287.9MAssets

$72.1MLoans

$60.1MDeposits

$84.5MEquity

Deposit mix

Executive Summary

Earnings: ROA of 3.51%, down 267 bps year over year; NIM at 8.62%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 9.56%.
Funding: loans stand at 119.97% of deposits as of Q4 2001.

Return on Assets (YTD, annualized)

3.51%-267 bps YoY

Net Interest Margin (YTD, annualized)

8.62%

Efficiency Ratio (YTD, annualized)

78.02%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	8.27%	10.90%	7.46%	6.18%	3.34%	3.22%	2.52%	3.51%	-267 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	5.76%	5.64%	6.16%	8.62%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	80.45%	79.98%	82.86%	78.02%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	-1.17%	-0.99%	0.20%	-2.21%	n/a
Growth
Asset Growth (YoY)	6.24%	1.50%	7.96%	-6.91%	-17.71%	-5.86%	-17.78%	-37.06%	-3,015 bps
Loan Growth (YoY)	-27.29%	-83.27%	-81.91%	-80.62%	-71.67%	32.01%	23.38%	1.92%	+8,254 bps
Deposit Growth (YoY)	5.37%	-5.50%	-1.85%	-18.06%	-50.23%	-61.71%	-69.33%	-72.70%	-5,464 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	7.19%	7.52%	7.73%	9.56%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	7.25%	7.25%	7.25%	7.25%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	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	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	52.46%	54.45%	50.97%	50.83%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	21.27%	20.25%	18.58%	29.34%	n/a
Liquidity & Funding
Loans / Deposits	83.84%	21.11%	23.72%	32.14%	47.73%	72.79%	95.45%	119.97%	+8,784 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.27%	0.25%	0.23%	0.28%	+28 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a