PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

HSBC Bank USA

Buffalo, NY · Cert 589

FDIC

Q2 2004

$110.3BAssets
$61.8BLoans
$52.8BDeposits
$8.4BEquity
Loan mix
85%RE $46.9B13%C&I $7.0B2%Consumer $1.1BQ3 2002Q2 2004
Deposit mix
87%Interest-bearing $45.7B13%Noninterest $7.1BQ3 2002Q2 2004

Executive Summary

  • Earnings: ROA of 1.26%, down 4 bps year over year; NIM at 2.76%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 117.12% of deposits as of Q2 2004.

Return on Assets (quarter, annualized)

1.26%-4 bps YoY

Net Interest Margin (quarter, annualized)

2.76%-19 bps YoY

Efficiency Ratio (quarter, annualized)

51.23%-28 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.47%Q2 ’023.94%Q2 ’033.62%Q2 ’04+7%-7%

Non-interest income vs. expense

2.20%Q2 ’022.14%Q2 ’031.91%Q2 ’04-27%+0%

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets1.08%1.13%1.22%1.30%0.95%1.04%1.36%1.26%-4 bps
Return on Equity13.01%13.56%14.43%15.38%11.28%12.16%16.12%15.82%+45 bps
Net Interest Margin2.95%3.01%3.00%2.95%2.92%2.83%2.81%2.76%-19 bps
Efficiency Ratio52.27%52.57%49.86%51.51%59.82%55.45%49.52%51.23%-28 bps
Non-Interest Burden1.02%1.02%0.90%0.94%1.45%1.06%0.85%0.94%0 bps
Growth
Asset Growth (YoY)-8.66%-8.92%-9.24%-4.33%-7.43%-4.34%4.41%11.40%+1,573 bps
Loan Growth (YoY)-1.54%6.68%2.10%3.83%6.45%11.17%19.84%43.22%+3,939 bps
Deposit Growth (YoY)3.76%8.01%3.85%7.54%11.80%12.55%9.90%27.44%+1,990 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.36%0.68%0.46%0.19%0.29%0.43%0.06%0.10%-9 bps
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital12.81%12.38%12.31%11.82%11.84%11.82%12.85%11.90%+9 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits110.11%108.73%104.78%104.21%104.84%107.39%114.25%117.12%+1,291 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a