PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

HSBC National Bank USA

Bethesda, MD · Cert 58529

FDIC

Q3 2008

$420.6MAssets
$265.9MLoans
$384.5MDeposits
$35.8MEquity
Deposit mix
89%Interest-bearing $340.5M11%Noninterest $44.0MQ3 2007Q3 2008

NIM

1.12%Q4 ’064.35%Q3 ’073.20%Q3 ’08+234%+24%

Non-interest income vs. expense

1.04%Q4 ’067.75%Q3 ’076.14%Q3 ’08+637%-22%

Executive Summary

  • Earnings: ROA of -3.24%, up 119 bps year over year; NIM at 1.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.17%.
  • Funding: loans stand at 69.17% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-3.24%+119 bps YoY

Net Interest Margin (YTD, annualized)

1.86%+36 bps YoY

Efficiency Ratio (YTD, annualized)

294%-18,322 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets-4.43%-5.90%-5.66%-3.67%-3.24%+119 bps
Return on Equity-18.92%-29.16%-65.20%-41.65%-37.16%-1,824 bps
Net Interest Margin1.50%1.52%1.71%2.42%1.86%+36 bps
Efficiency Ratio478%584%534%318%294%-18,322 bps
Non-Interest Burden7.63%9.56%10.20%8.23%5.92%-171 bps
Growth
Asset Growth (YoY)n/a69.34%166.77%406%215%n/a
Loan Growth (YoY)n/a2621%514%345%190.15%n/a
Deposit Growth (YoY)n/a107.28%237%370%249%n/a
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.02%0.29%0.12%0.17%+16 bps
Allowance / Loans0.03%0.05%0.06%0.08%0.20%+16 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 Capital34.93%23.13%13.04%18.79%17.50%-1,743 bps
Equity / Assets16.10%12.03%6.53%8.93%8.51%-759 bps
Liquidity & Funding
Loans / Deposits83.27%80.64%67.86%91.78%69.17%-1,411 bps
Liquid Assets / Assets0.19%0.35%0.00%15.68%0.85%+66 bps
CRE / Total Capitaln/an/an/an/an/an/an/a