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Fleet Bank (RI), National Association

Providence, RI · Cert 34746

FDIC

Q4 2004

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2004, the quarter ended December 31, 2004, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Fleet Bank (RI), National Association

Providence, RI · Cert 34746

FDIC

Q4 2004

$9.6BAssets
$8.0BLoans
$78.0MDeposits
$2.8BEquity
Deposit mix
32%Interest-bearing $24.8M68%Noninterest $53.3MQ4 2003Q4 2004

NIM

7.26%Q4 ’026.63%Q4 ’037.71%Q4 ’04+15%+18%

Non-interest income vs. expense

7.84%Q4 ’027.35%Q4 ’034.58%Q4 ’04+84%-85%

Executive Summary

  • Earnings: ROA of 0.80%, down 64 bps year over year; NIM at 6.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.22%.
  • Funding: loans stand at 10268.25% of deposits as of Q4 2004.

Financial Results

Return on Assets (YTD, annualized)

0.80%-64 bps YoY

Net Interest Margin (YTD, annualized)

6.94%+104 bps YoY

Efficiency Ratio (YTD, annualized)

29.52%-1,802 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 Assets1.44%2.48%0.69%0.29%0.80%-64 bps
Return on Equity4.86%9.64%2.44%1.04%2.82%-204 bps
Net Interest Margin5.91%9.20%5.59%6.70%6.94%+104 bps
Efficiency Ratio47.55%40.88%30.97%32.01%29.52%-1,802 bps
Non-Interest Burden-0.45%0.50%-0.33%-0.50%-0.84%-39 bps
Growth
Asset Growth (YoY)24.35%23.12%37.91%61.78%14.79%-956 bps
Loan Growth (YoY)27.95%29.98%29.23%66.16%12.03%-1,592 bps
Deposit Growth (YoY)11.63%-41.84%-48.28%-58.66%-50.90%-6,252 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.25%5.48%6.44%4.62%5.22%+98 bps
Allowance / Loans2.84%3.07%3.69%5.00%6.07%+322 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 Capital21.82%23.91%23.81%20.59%22.80%+99 bps
Equity / Assets24.67%26.96%33.04%27.67%29.25%+458 bps
Liquidity & Funding
Loans / Deposits4501%7904%7968%11553%10268%+576,760 bps
Liquid Assets / Assets1.53%0.90%0.83%0.77%0.82%-71 bps
CRE / Total Capitaln/an/an/an/an/an/an/a