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Letter portraitLegal landscapeQuarterYTD

Household Bank (Nevada), National Association

Las Vegas, NV · Cert 33788

FDIC

Q2 2002

$1.9BAssets
$1.1BLoans
$2.1MDeposits
$754.2MEquity
Deposit mix
48%Interest-bearing $1.0M52%Noninterest $1.1MQ2 2001Q2 2002

NIM

10.01%Q1 ’0110.10%Q2 ’0112.79%Q2 ’02+24%+76%

Non-interest income vs. expense

10.92%Q1 ’0110.87%Q2 ’0111.22%Q2 ’02-195%+207%

Executive Summary

  • Earnings: ROA of 3.90%, up 387 bps year over year; NIM at 11.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 52062.52% of deposits as of Q2 2002.

Financial Results

Return on Assets (quarter, annualized)

3.90%+387 bps YoY

Net Interest Margin (quarter, annualized)

11.38%+491 bps YoY

Efficiency Ratio (quarter, annualized)

39.64%-1,036 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets0.03%0.38%-3.77%-1.82%3.90%+387 bps
Return on Equity0.11%1.26%-15.46%-7.31%11.16%+1,106 bps
Net Interest Margin6.47%9.49%12.62%10.63%11.38%+491 bps
Efficiency Ratio50.00%60.27%141.02%66.31%39.64%-1,036 bps
Non-Interest Burden-4.40%0.95%17.98%13.16%4.71%+911 bps
Growth
Asset Growth (YoY)-35.08%-37.70%-22.92%-13.46%11.56%+4,664 bps
Loan Growth (YoY)-30.05%26.61%61.05%56.45%51.43%+8,148 bps
Deposit Growth (YoY)-55.24%-74.57%-32.34%-45.64%-44.39%+1,085 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans31.91%19.75%12.90%-0.01%-0.01%-3,192 bps
Allowance / Loans5.17%4.18%0.00%0.00%0.00%-517 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 Capital20.52%18.30%1.54%22.96%36.74%+1,622 bps
Equity / Assets30.73%29.69%19.02%30.01%39.60%+887 bps
Liquidity & Funding
Loans / Deposits19120%35923%49817%44042%52063%+3,294,249 bps
Liquid Assets / Assets0.19%0.24%0.33%0.34%0.29%+10 bps
CRE / Total Capitaln/an/an/an/an/an/an/a