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Allfirst Bank

Baltimore, MD · Cert 4822

FDIC

Q1 2003

$15.2BAssets
$10.1BLoans
$10.9BDeposits
$1.4BEquity
Loan mix
60%RE $5.0B39%C&I $3.3B1%Consumer $0.1BQ1 2002Q1 2003
Deposit mix
66%Interest-bearing $7.1B34%Noninterest $3.7BQ1 2002Q1 2003

NIM

6.61%Q1 ’014.93%Q1 ’023.94%Q1 ’03-1%-15%

Non-interest income vs. expense

2.99%Q1 ’013.61%Q1 ’023.66%Q1 ’03-16%-12%

Executive Summary

  • Earnings: ROA of 1.14%, up 21 bps year over year; NIM at 2.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.79%.
  • Funding: loans stand at 93.21% of deposits as of Q1 2003.

Financial Results

Return on Assets (YTD, annualized)

1.14%+21 bps YoY

Net Interest Margin (YTD, annualized)

2.79%-47 bps YoY

Efficiency Ratio (YTD, annualized)

74.78%+417 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets0.92%0.82%0.69%1.15%1.14%+21 bps
Return on Equity13.22%11.24%9.43%15.20%13.21%-1 bps
Net Interest Margin3.27%3.32%3.27%3.18%2.79%-47 bps
Efficiency Ratio70.61%69.21%71.88%72.10%74.78%+417 bps
Non-Interest Burden1.81%1.71%1.78%1.70%1.60%-21 bps
Growth
Asset Growth (YoY)-3.63%-3.04%4.31%-11.79%-10.89%-726 bps
Loan Growth (YoY)1.58%1.19%-3.57%-5.00%-4.97%-655 bps
Deposit Growth (YoY)0.59%-4.55%-2.00%-12.70%-9.71%-1,030 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%0.27%0.60%0.72%0.79%+57 bps
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 Capital10.91%11.44%11.54%12.34%12.77%+186 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits88.56%92.47%93.65%91.39%93.21%+465 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