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Letter portraitLegal landscapeQuarterYTD

Bank of America Rhode Island, National Association

Providence, RI · Cert 58032

FDIC

Q1 2013

$19.8BAssets
$9.4BLoans
$17.5BDeposits
$2.0BEquity
Deposit mix
100%Interest-bearing $17.5B0%Noninterest $0.0BQ1 2012Q1 2013

NIM

3.89%Q1 ’113.13%Q1 ’122.16%Q1 ’13-16%-30%

Non-interest income vs. expense

0.43%Q1 ’111.26%Q1 ’120.47%Q1 ’13+178%-62%

Executive Summary

  • Earnings: ROA of 0.94%, up 14 bps year over year; NIM at 2.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.73%.
  • Funding: loans stand at 53.53% of deposits as of Q1 2013.

Financial Results

Return on Assets (YTD, annualized)

0.94%+14 bps YoY

Net Interest Margin (YTD, annualized)

2.10%-90 bps YoY

Efficiency Ratio (YTD, annualized)

17.12%-1,817 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets0.79%0.93%0.96%1.00%0.94%+14 bps
Return on Equity6.39%7.61%7.89%8.65%9.72%+332 bps
Net Interest Margin2.99%2.83%2.63%2.56%2.10%-90 bps
Efficiency Ratio35.29%26.54%23.24%21.96%17.12%-1,817 bps
Non-Interest Burden0.98%0.71%0.57%0.54%0.38%-61 bps
Growth
Asset Growth (YoY)-3.99%8.97%5.82%14.76%10.66%+1,464 bps
Loan Growth (YoY)-16.69%-8.49%-11.45%-21.55%-21.88%-519 bps
Deposit Growth (YoY)3.52%5.95%9.85%20.13%14.81%+1,130 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.64%1.36%1.36%1.38%0.73%-91 bps
Allowance / Loans1.72%1.58%1.74%1.68%1.80%+8 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 Capital30.08%29.66%33.46%31.79%34.96%+489 bps
Equity / Assets12.49%11.76%12.20%9.37%9.89%-259 bps
Liquidity & Funding
Loans / Deposits78.67%81.36%70.83%56.65%53.53%-2,514 bps
Liquid Assets / Assets25.83%29.89%34.71%42.67%46.23%+2,040 bps
CRE / Total Capitaln/an/an/an/an/an/an/a