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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

7.77%Q3 ’038.81%Q3 ’048.87%Q3 ’05+35%+6%

Non-interest income vs. expense

7.60%Q3 ’037.67%Q3 ’047.53%Q3 ’05-36%+5%

Executive Summary

  • Earnings: ROA of 1.42%, down 164 bps year over year; NIM at 5.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.53%.
  • Funding: loans stand at 96.62% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

1.42%-164 bps YoY

Net Interest Margin (quarter, annualized)

5.88%+31 bps YoY

Efficiency Ratio (quarter, annualized)

41.74%-58 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets3.06%4.26%4.13%6.13%1.42%-164 bps
Return on Equity12.46%17.66%16.98%23.78%5.33%-713 bps
Net Interest Margin5.57%4.98%5.14%5.82%5.88%+31 bps
Efficiency Ratio42.32%49.95%46.94%39.85%41.74%-58 bps
Non-Interest Burden-4.89%-3.17%-3.59%-5.45%-4.63%+26 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 / Loans7.01%6.31%12.41%6.62%4.53%-248 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