PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Wells Fargo HSBC Trade Bank, National Association

San Francisco, CA · Cert 34075

FDIC

Q1 2010

$1.5BAssets
$1.4BLoans
$15.6MDeposits
$270.6MEquity
Deposit mix
3%Interest-bearing $0.5M97%Noninterest $15.1MQ1 2009Q1 2010

NIM

5.26%Q1 ’082.85%Q1 ’092.58%Q1 ’10-16%-5%

Non-interest income vs. expense

3.11%Q1 ’083.15%Q1 ’093.56%Q1 ’10-6%+47%

Executive Summary

  • Earnings: ROA of 1.54%, down 30 bps year over year; NIM at 2.49%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.35%.
  • Funding: loans stand at 9223.05% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

1.54%-30 bps YoY

Net Interest Margin (YTD, annualized)

2.49%-13 bps YoY

Efficiency Ratio (YTD, annualized)

56.78%+592 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets1.85%2.13%2.03%1.96%1.54%-30 bps
Return on Equity12.97%14.35%13.25%12.42%8.62%-435 bps
Net Interest Margin2.62%2.75%2.86%2.81%2.49%-13 bps
Efficiency Ratio50.86%47.51%49.64%51.40%56.78%+592 bps
Non-Interest Burden-0.43%-0.88%-0.71%-0.59%-0.23%+20 bps
Growth
Asset Growth (YoY)-13.77%-22.89%-16.91%-13.14%-7.37%+640 bps
Loan Growth (YoY)-14.08%-22.90%-14.81%-14.09%-6.91%+717 bps
Deposit Growth (YoY)-1.27%6.56%32.22%-24.49%-76.19%-7,492 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.04%0.03%0.04%0.35%+36 bps
Allowance / Loans1.13%1.19%1.23%1.23%1.22%+9 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 Capital15.02%15.63%16.47%17.04%16.01%+99 bps
Equity / Assets15.14%16.16%16.98%17.50%18.31%+317 bps
Liquidity & Funding
Loans / Deposits2359%1906%1688%1884%9223%+686,358 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