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Asian American Bank and Trust Company

Boston, MA · Cert 33825

FDIC

Q3 2005

$130.3MAssets
$86.7MLoans
$109.2MDeposits
$17.6MEquity
Loan mix
94%RE $43.2M5%C&I $2.5M0%Consumer $0.2MQ3 2004Q3 2005
Deposit mix
77%Interest-bearing $84.1M23%Noninterest $25.2MQ3 2004Q3 2005

NIM

4.90%Q3 ’034.91%Q3 ’045.43%Q3 ’05+8%+4%

Non-interest income vs. expense

3.89%Q3 ’034.08%Q3 ’044.17%Q3 ’05+9%-5%

Executive Summary

  • Earnings: ROA of 0.44%, up 23 bps year over year; NIM at 4.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 79.39% of deposits as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

0.44%+23 bps YoY

Net Interest Margin (YTD, annualized)

4.30%+18 bps YoY

Efficiency Ratio (YTD, annualized)

84.46%-614 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.21%0.26%0.42%0.38%0.44%+23 bps
Return on Equity1.46%1.84%3.16%2.82%3.26%+180 bps
Net Interest Margin4.13%4.19%4.28%4.35%4.30%+18 bps
Efficiency Ratio90.60%88.13%83.51%86.52%84.46%-614 bps
Non-Interest Burden3.70%3.65%3.52%3.72%3.53%-17 bps
Growth
Asset Growth (YoY)5.96%10.50%8.11%1.52%3.14%-283 bps
Loan Growth (YoY)27.78%29.86%20.21%9.50%8.62%-1,915 bps
Deposit Growth (YoY)6.70%9.92%7.67%0.96%2.93%-377 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.01%+1 bps
Allowance / Loans0.87%0.88%0.88%0.88%0.88%+1 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 Capital20.72%20.72%21.45%21.60%21.21%+49 bps
Equity / Assets13.77%13.32%13.30%13.78%13.52%-25 bps
Liquidity & Funding
Loans / Deposits75.23%81.50%80.21%79.15%79.39%+416 bps
Liquid Assets / Assets2.23%0.59%1.76%2.11%2.13%-10 bps
CRE / Total Capitaln/an/an/an/an/an/an/a