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Providian National Bank

Tilton, NH · Cert 6252

FDIC

Q3 2005

$13.1BAssets
$8.7BLoans
$9.0BDeposits
$3.5BEquity
Loan mix
0%RE $0.0B0%C&I $0.0B100%Consumer $8.7BQ3 2004Q3 2005
Deposit mix
100%Interest-bearing $9.0B0%Noninterest $0.0BQ3 2004Q3 2005

NIM

8.86%Q3 ’038.74%Q3 ’048.53%Q3 ’05+9%+4%

Non-interest income vs. expense

8.35%Q3 ’037.86%Q3 ’047.51%Q3 ’05-123%-25%

Executive Summary

  • Earnings: ROA of 3.88%, up 133 bps year over year; NIM at 5.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 6.64%.
  • Funding: loans stand at 96.62% of deposits as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

3.88%+133 bps YoY

Net Interest Margin (YTD, annualized)

5.57%+24 bps YoY

Efficiency Ratio (YTD, annualized)

42.67%-407 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets2.55%2.98%4.13%5.11%3.88%+133 bps
Return on Equity10.78%12.59%16.98%20.43%15.25%+446 bps
Net Interest Margin5.33%5.10%5.14%5.45%5.57%+24 bps
Efficiency Ratio46.74%47.55%46.94%43.15%42.67%-407 bps
Non-Interest Burden-3.62%-3.41%-3.59%-4.50%-4.52%-90 bps
Growth
Asset Growth (YoY)-3.53%-3.26%2.51%3.35%0.41%+394 bps
Loan Growth (YoY)20.17%14.33%15.15%-0.24%18.96%-121 bps
Deposit Growth (YoY)-9.12%-6.03%1.16%-0.83%-1.82%+730 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans7.73%7.21%12.41%9.75%6.64%-109 bps
Allowance / Loans8.65%7.96%6.15%6.13%6.79%-187 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 Capital22.42%22.72%25.25%26.72%25.48%+306 bps
Equity / Assets24.68%23.53%25.10%26.40%26.81%+213 bps
Liquidity & Funding
Loans / Deposits79.75%78.61%77.75%76.10%96.62%+1,688 bps
Liquid Assets / Assets0.58%0.70%0.31%0.28%0.28%-30 bps
CRE / Total Capitaln/an/an/an/an/an/an/a