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Letter portraitLegal landscapeQuarterYTD

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 $0.2MQ4 2003Q3 2005
Deposit mix
77%Interest-bearing $84.1M23%Noninterest $25.2MQ4 2003Q3 2005

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.

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
n/a

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%

Year to date, annualized, through each quarter.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.47%0.08%0.17%0.21%0.26%0.42%0.38%0.44%+23 bps
Return on Equity3.15%0.53%1.15%1.46%1.84%3.16%2.82%3.26%+180 bps
Net Interest Margin3.84%4.16%4.18%4.13%4.19%4.28%4.35%4.30%+18 bps
Efficiency Ratio84.89%94.19%91.17%90.60%88.13%83.51%86.52%84.46%-614 bps
Non-Interest Burden3.19%3.90%3.78%3.70%3.65%3.52%3.72%3.53%-17 bps
Growth
Asset Growth (YoY)8.33%6.41%9.98%5.96%10.50%8.11%1.52%3.14%-283 bps
Loan Growth (YoY)39.23%35.25%37.66%27.78%29.86%20.21%9.50%8.62%-1,915 bps
Deposit Growth (YoY)10.52%7.66%12.46%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%+1 bps
Allowance / Loans0.86%0.86%0.87%0.87%0.88%0.88%0.88%0.88%+1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital22.19%21.32%21.22%20.72%20.72%21.45%21.60%21.21%+49 bps
Equity / Assets14.76%14.57%13.71%13.77%13.32%13.30%13.78%13.52%-25 bps
Liquidity & Funding
Loans / Deposits68.98%71.84%72.98%75.23%81.50%80.21%79.15%79.39%+416 bps
Liquid Assets / Assets1.07%1.41%1.36%2.23%0.59%1.76%2.11%2.13%-10 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a