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Fleet Maine, National Association

South Portland, ME · Cert 33987

FDIC

Q4 2004

$38.8MAssets
$41KLoans
$692KDeposits
$20.4MEquity
Deposit mix
0%Interest-bearing $0K100%Noninterest $692KQ4 2003Q4 2004

NIM

1.11%Q4 ’020.96%Q4 ’030.87%Q4 ’04-14%-9%

Non-interest income vs. expense

12.96%Q4 ’0214.70%Q4 ’035.45%Q4 ’04-6%+63%

Executive Summary

  • Earnings: ROA of 13.37%, down 1,405 bps year over year; NIM at 0.87%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 5.92% of deposits as of Q4 2004.

Financial Results

Return on Assets (YTD, annualized)

13.37%-1,405 bps YoY

Net Interest Margin (YTD, annualized)

0.87%-8 bps YoY

Efficiency Ratio (YTD, annualized)

25.02%-64 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets27.42%29.11%9.78%15.03%13.37%-1,405 bps
Return on Equity38.20%39.99%18.72%31.18%27.18%-1,102 bps
Net Interest Margin0.96%0.95%0.49%0.73%0.87%-8 bps
Efficiency Ratio25.66%26.55%24.39%24.24%25.02%-64 bps
Non-Interest Burden-41.65%-44.00%-15.20%-18.20%-15.45%+2,620 bps
Growth
Asset Growth (YoY)-33.62%21.86%191.87%123.25%103.72%+13,734 bps
Loan Growth (YoY)-62.02%-82.44%319%583%-90.28%-2,827 bps
Deposit Growth (YoY)-90.94%-50.92%6.29%67.72%-43.97%+4,697 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%0.00%0 bps
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 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 Capital331%314%168.06%199.31%263%-6,799 bps
Equity / Assets80.63%66.44%34.63%40.49%52.67%-2,797 bps
Liquidity & Funding
Loans / Deposits34.17%27.41%16.81%1.95%5.92%-2,825 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a