PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Associated Card Services Bank, National Association

Stevens Point, WI · Cert 34208

FDIC

Q2 2003

$26.7MAssets
n/aLoans
$727KDeposits
$10.1MEquity
Deposit mix
0%Interest-bearing $0K100%Noninterest $727KQ2 2002Q2 2003

NIM

1.56%Q2 ’010.34%Q2 ’020.47%Q2 ’03-78%+37%

Non-interest income vs. expense

48.28%Q2 ’0145.77%Q2 ’0244.41%Q2 ’03+42%-65%

Executive Summary

  • Earnings: ROA of 15.22%, up 481 bps year over year; NIM at 0.47%.
  • Funding: loans stand at 0.00% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

15.22%+481 bps YoY

Net Interest Margin (YTD, annualized)

0.47%+13 bps YoY

Efficiency Ratio (YTD, annualized)

65.97%-1,068 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets10.42%10.40%11.16%13.38%15.22%+481 bps
Return on Equity28.14%28.48%30.67%38.71%42.57%+1,443 bps
Net Interest Margin0.34%0.23%0.32%0.65%0.47%+13 bps
Efficiency Ratio76.64%77.21%77.30%75.98%65.97%-1,068 bps
Non-Interest Burden-13.61%-15.23%-14.92%-19.48%-22.45%-884 bps
Growth
Asset Growth (YoY)-7.45%23.00%-19.95%-7.72%-10.14%-269 bps
Loan Growth (YoY)n/an/an/an/an/an/an/a
Deposit Growth (YoY)0.00%0.00%0.00%0.00%45.40%+4,540 bps
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/a
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 Capital71.57%138.82%114.21%80.23%74.87%+330 bps
Equity / Assets38.63%35.33%35.58%33.70%37.98%-64 bps
Liquidity & Funding
Loans / Deposits0.00%0.00%0.00%0.00%0.00%0 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