PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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

1.13%Q4 ’020.93%Q4 ’031.80%Q4 ’04-18%+94%

Non-interest income vs. expense

12.45%Q4 ’0221.18%Q4 ’037.73%Q4 ’04+8%+46%

Executive Summary

  • Earnings: ROA of 7.64%, down 1,699 bps year over year; NIM at 1.80%.
  • 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 (quarter, annualized)

7.64%-1,699 bps YoY

Net Interest Margin (quarter, annualized)

1.80%+87 bps YoY

Efficiency Ratio (quarter, annualized)

26.58%-994 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets24.63%29.11%-0.52%20.09%7.64%-1,699 bps
Return on Equity32.93%39.99%-1.17%53.53%16.64%-1,629 bps
Net Interest Margin0.93%0.95%0.32%1.34%1.80%+87 bps
Efficiency Ratio36.52%26.55%24.39%24.09%26.58%-994 bps
Non-Interest Burden-35.89%-44.00%-0.12%-27.77%-19.54%+1,635 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