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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

4.93%Q3 ’035.11%Q3 ’045.53%Q3 ’05+9%-1%

Non-interest income vs. expense

4.14%Q3 ’034.26%Q3 ’044.51%Q3 ’05+4%-15%

Executive Summary

  • Earnings: ROA of 0.56%, up 28 bps year over year; NIM at 4.28%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 79.39% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

0.56%+28 bps YoY

Net Interest Margin (quarter, annualized)

4.28%-2 bps YoY

Efficiency Ratio (quarter, annualized)

81.05%-850 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.29%0.40%0.42%0.34%0.56%+28 bps
Return on Equity2.08%2.99%3.16%2.48%4.12%+204 bps
Net Interest Margin4.30%4.41%4.28%4.37%4.28%-2 bps
Efficiency Ratio89.54%81.03%83.51%89.49%81.05%-850 bps
Non-Interest Burden3.81%3.53%3.52%3.88%3.23%-58 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%0.02%+2 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