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Asia-Europe-Americas Bank

Seattle, WA · Cert 34095

FDIC

Q3 2005

$92.8MAssets
$47.0MLoans
$80.6MDeposits
$11.4MEquity
Loan mix
12%RE $2.7M86%C&I $19.8M2%Consumer $0.4MQ3 2004Q3 2005
Deposit mix
57%Interest-bearing $45.6M43%Noninterest $35.0MQ3 2004Q3 2005

NIM

6.78%Q3 ’035.72%Q3 ’045.24%Q3 ’05-19%-3%

Non-interest income vs. expense

2.74%Q3 ’033.54%Q3 ’043.57%Q3 ’05+20%-8%

Executive Summary

  • Earnings: ROA of 0.21%, up 324 bps year over year; NIM at 4.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.20%.
  • Funding: loans stand at 58.41% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

0.21%+324 bps YoY

Net Interest Margin (quarter, annualized)

4.24%-12 bps YoY

Efficiency Ratio (quarter, annualized)

68.65%-109 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets-3.02%-8.74%0.35%0.35%0.21%+324 bps
Return on Equity-29.24%-89.26%3.65%3.04%1.72%+3,096 bps
Net Interest Margin4.36%3.39%3.59%3.63%4.24%-12 bps
Efficiency Ratio69.74%104.83%87.79%87.51%68.65%-109 bps
Non-Interest Burden2.82%3.57%3.08%3.07%2.60%-22 bps
Growth
Asset Growth (YoY)-18.72%-22.39%-21.54%-33.23%-20.44%-172 bps
Loan Growth (YoY)-34.02%-48.50%-53.45%-51.39%-42.88%-886 bps
Deposit Growth (YoY)-17.33%-21.29%-22.36%-35.39%-22.26%-493 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.36%11.65%2.93%3.46%5.20%+85 bps
Allowance / Loans7.60%12.81%14.06%14.92%14.12%+653 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 Capital13.58%12.31%15.92%18.71%20.46%+688 bps
Equity / Assets10.71%8.84%10.55%12.69%12.30%+159 bps
Liquidity & Funding
Loans / Deposits79.49%64.26%59.19%64.76%58.41%-2,108 bps
Liquid Assets / Assets9.19%10.15%9.97%12.24%10.90%+170 bps
CRE / Total Capitaln/an/an/an/an/an/an/a