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

5.19%Q1 ’075.25%Q3 ’073.65%Q3 ’08+0%+21%

Non-interest income vs. expense

8.70%Q1 ’079.33%Q3 ’076.26%Q3 ’08+6%-35%

Executive Summary

  • Earnings: ROA of -2.37%, up 250 bps year over year; NIM at 2.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 69.17% of deposits as of Q3 2008.

Financial Results

Return on Assets (quarter, annualized)

-2.37%+250 bps YoY

Net Interest Margin (quarter, annualized)

2.12%+37 bps YoY

Efficiency Ratio (quarter, annualized)

258%-22,183 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets-4.86%-8.94%-5.66%-2.70%-2.37%+250 bps
Return on Equity-23.95%-64.13%-65.20%-33.41%-27.13%-318 bps
Net Interest Margin1.75%2.06%1.71%3.54%2.12%+37 bps
Efficiency Ratio480%782%534%234%258%-22,183 bps
Non-Interest Burden9.13%17.92%10.20%8.71%5.95%-318 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 / Loans0.02%0.05%0.29%0.08%0.26%+24 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