Bank1 Statements of Financial Condition

Transcription

1 no. 1 Period 1.4, Page 1 1 Statements of Financial Condition Balance Sheet Resources Cash and due from banks Federal funds sold Investment securities Treasury bills U.S. Government notes State and municipal securities securities Loans and mortgages (less provision for loan losses) premises less depreciation ( & ) Other assets resources Liabilities and equities Demand deposits Time deposits deposits Federal funds purchased Funds borrowed from FRB Dividend payable Accrued taxes Other liabilities liabilities Capital notes and equity funds Capital notes Common stock ($10.00 par shares, Issued:3.000 & million) Surplus Retained Earnings equity * liability & capital * qualifying capital FRB capital adequacy ratio Statement Operating Interest income Loans and mortgages Securities Federal funds sold interest income Service charge income Fees and other income Gross operating income Operating Expenses Salaries and benefits Interest expenses Interest on deposits Interest on capital notes FRB and fed fund borrowing interest paid Provision for loan losses Occupancy expense Business development Other expenses operating expenses before taxes and securities Applicable taxes Gain on securities/loans (after taxes of.349 & 1.452) income Dividend declared Increase in equity earnings per share $4.46 $4.77 Adjust to Ret. Earnings Adjusted Adjusted EPS $4.30 $3.76 All figures except earnings per share in millions of dollars The explanatory notes on Pages 2-6 form an integral part of this statement.

2 no. 1 Period 1.4, Page 2 Footnotes to financial statements of 1 1. Accounting Policies. Standard accrual accounting, as set out in the players manual, has been used in preparation of these reports. 2. Demand deposit accounts Commercial Regular checking Public DD'S Due-to-banks DD'S Time deposit accounts Money market savings Public C.D.'s (private) TD's Reserves and pledging requirements Required reserves (Actual reserves ) Pledged securities U.S. governments State and municipal Cash accounts Cash and FRB reserves Float Due-from-banks cash Interest accounts Time deposit interest (Public 5.322) (C.D.'s ) (Savings ) FRB Borrowing.000 Fed Fund purchases Capital notes interest.909 interest paid Syndicated loan interest Prime loan interest High loan interest Medium loan interest Real estate loan interest Consumer loan interest Credit card loan interest Treasury bills U.S. Government notes State and municipal bonds Fed Fund sales.000 interest income Capital notes account Matures in Amount Outstanding Amount Issued Service charge income Commercial DD's service charge income Regular DD's service charge income DD processing costs service charge income CD portfolio Matures 3 Month 6 Month 1 Year in rate amount rate amount rate amount Defaults: No defaults this quarter 6. Loan account activity Commercial grades Real Credit Synd. Prime High Medium Estate Consumer Cards Beginning balance Less payments Less charge offs Less loans sold.000 Plus new loans Ending balance Loans refused Principal payments next quarter. ** (** Assuming competitive rates maintained) Provision for loan losses: Beginning balance Additions this quarter Less charge offs Ending balance Non-accruing loans memo

3 no. 1 Period 1.4, Page 3 Footnotes to financial statements of Trust activities Trust assets managed Trust assets held in TD's Trust assets held in DD's Trust fee income Pledging requirements Direct trust expenses Real estate loans real estate loans serviced Servicing income.142 Cost of servicing.057 Loan initiation fees.307 Cost of loan initiation Credit card income Credit card fee income Credit card processing costs Financial services Fee income Direct expenses Letters of credit Beginning balance Less lapsed LOC's Less new drawdowns Plus new guarantees Ending balance Fee income from letters of credit.411 Direct letter of credit expenses.153 LOC's increase to non-accruing loans Fees and other income Trust fees Real estate servicing income.142 Real estate loan initiation fees.307 Credit card fees Financial services fees Letter of credit fees.411 Loan commitments fees Other fee income Other expense Direct trust Servicing real estate loans.057 Real estate loan initiation cost.246 Credit card processing Direct financial services Direct letter of credit.153 Temporary employees & other Effect of branch activity Closing a branch Money market savings/branch lost Regular DD/branch lost Commercial DD/branch lost Premises disposed of/branch.708 Severance pay expense incurred (only if more than one branch closed).442 Opening a branch New premises bought/branch Current number of branches Loan commitments Unused lines of credit: Prime High Medium Beginning balance Less lapsed commitments Less commitments utilized Plus new loan commitments Ending balance Fee income from commitments Deposits securing commitments

4 no. 1 Period 1.4, Page 4 Footnotes to financial statements of Commercial loan payments (projected and actual) and outstandings Projected to mature in 2.1 PRIME HIGH MEDIUM Spread Amount Spread Amount Spread Amount from % % % % % % % % % Actually matured in 1.4 Spread Amount Spread Amount Spread Amount from % % % % % % % % % Currently outstanding in 1.4 Spread Amount Spread Amount Spread Amount from % % % % % % % % % Less charge offs Real estate & consumer loans: Selected data Market Book real estate portfolio Saleable real estate portfolio Matures at start of period Market / Book for saleable real estate loans 98.49% Interest from saleable real estate loans Consumer loan portfolio Real estate loan portfolio Syndicated loan portfolio Consumer loan rate Unpaid principal Mortgage rate Unpaid principal Interest Loan Amount

5 no. 1 Period 1.4, Page 5 Static Gap Analysis Yr 1Yr-3Yrs Over 3Yrs Sensitive Assets U.S. governments State and munis Fed funds sold Syndicated loans Commercial loans Real estate loans Consumer loans Credit card loans RSAs sensitive liabilities Money market savings Public time Demand deposits CDs Fed funds purchased FRB borrowing Capital notes RSLs Balance sheet gap (161.26) ( ) (73.14) IRR Cap. requirement Years To Maturity Current Securities Data (excluding T-Bills & Maturities) State & Muni U.S. Securities Sum of Duration Sum of Duration Market Weighted Duration Market Weighted Factor Duration Factor Futures Policy Data for Next Quarter Quarter DW of securities MV of securities exposed to rates DW of sales - Current MV of securities exposed to rates Duration weighted value of purchases + = Adjustment to retained earnings (after tax) Pre-tax adjustment to retained earnings Profit/Loss on futures 0.73 Speculation capital requirement 0.00

6 no. 1 Period 1.4, Page 6 Trading and Available for Sale Securities Portfolio Breakdown 1 State and Muni Bonds State and Muni Bonds State and Muni Bonds Series A Series B Series B Matures In Par Coupon Market Par Coupon Market Matures In Par Coupon Market s One Year U.S. Bonds Five Year U.S. Bonds Matures In Par Coupon Market Par Coupon Market s Par value of treasury bills held (Yield 7.13) Securities maturing next period

7 no. 1 Period 1.4, Page 7 Economic and Statistical Information 1 Market and competitive conditions Economic indices at end of period 1.4 All banks in economy at start of qtr. Loan Interest s Syndicated 9.35 Prime 9.65 High Medium Real estate Consumer Credit card number Average for banks playing SBG XI All banks in economy at present Gross National Product Index of industrial production Index of housing starts Consumer price index reserves in banks ($ millions) 160. Forecast economic conditions High Medium Low GNP next qtr GNP next year Commit. fee.50 LOC fee.25 Prime rate 9.20 Time deposit rates MM savings 7.40 CD's 3 mo CD's 6 mo CD's 1 yr Public 7.70 Service charges Comm C/I 4.50 CR/ Reg C/C 6.00 CR/ Cr. card fee FRB regulations Start of qtr At present Rediscount rate DD reserve rqmt Fed Funds available 679. CD's available Syndicated loans available 126 Yield on Government Securities Maturing 90 days days year years years 8.93 State/Muni 10 years years 6.36 Fed funds rates Borrowing 8.06 Lending 7.66 Beta 1.10 WACC Corporate Return Performance Measures This and Average for All s Average bank stock P/E ratio in economy 7.6 CD s (this bank) 3 month month year 9.23 Capital notes rates Economic Average for bank 1 5 million million million Return Avg 1 Risk Avg 1 Interest Margin Liquid Assets / Assets 20.50% 20.50% Profit Margin 9.78% 9.78% Volatile Assets / Assets -7.95% -7.95% Asset Utilization Capital Risk (Tot Equity / Tot Assets) Return on Assets 1.05% 1.05% IRR (1yr RSA / 1yr RSL) Equity Multiplier Credit Risk (Loan Reserves / Loans) 0.66% 0.66% Return on Equity 20.64% 20.64% Price / Earnings

8 Information common to all banks Period 1.4, Page 8 Information on competing banks for 1 Diff Mkt. Prime High Medium Comts Percent Change Comts Diff Mkt. Comts Percent Change Comts Diff Mkt. Comts Percent Change Comts CD's New CD's Matured CD's Nonaccrual Loans Additions to Loan loss Reserves LOC's Additions to Non-accruals LOC's Interest Other Operating Expense S/C C.C. Trust F/S LOC R.E. Loan Fee (.074)

9 Information common to all banks Period 1.4, Page 9 Information on competing banks for 1 Earnings EPS Non Op. EPS Adj. Retained Earnings Loan interest rates over Percent of loan portfolio in each class Synd. Prime High Medium Real Est. Consumer CC Fee % 18.4% 22.6% 16.2% 7.2% 6.0% 4.8% Credit Flag LOC Flag Service charges Comm C/I CR Reg C/I CR Salaries Flag Adv Expense Futures Contracts Div Per Share Price Per Share

10 Information common to all banks Period 1.4, Page 10 positions at end of period for 1 Cash Government Bills and Notes State and Local Commercial Loans Other Loans Premises Assets Average Commercial Demand Deposits Reg. DD's Other DD's M.M. Time Deposits on MM's Next 6 Mo CD Other TD's Fed Funds Bought FRB Borrowing Capital Notes Equity Average

11 no. 1 Period 1.4, Page 11 Decision Data for 1 Commercial Loan Interest s Prime Loans Interest 9.65 High Loans Interest Medium Loans Interest Consumer Loan Interest Real Estate Loans Interest Sell Old Loans 0 Sell Current Loans 0 Loan Policies General Credit Policy 2 Letter of Credit Policy 2 Service Charges, Fees and Credits Credit Card Fee 3.20 Commercial Checking Charge per Item 4.5 Credit each $100 average balance 35.0 Regular Checking Charge per Item 6.0 Credit each $100 minimum balance 18.0 Certificates of Deposit 90 Day CD's Day CD's 200 One Year CD's 105 Expenses and Allocations Money Market Savings 7.3 Business Development Budget Branches Close 0 Open 0 Salary Policy 0 Percent Effort New Business 50 Allocation of Officer Effort Trust 2 Financial Services 2 Commercial Deposits 15 Regular Deposits 8 Public DDA's 3 Due to s 3 Public Time Deposits 6 CD's 4 Savings 9 Prime 14 High 12 Medium 8 Real Estate 10 Consumer Loans 2 Credit Card Outstanding 2 Syndicated Loans Bought 110 Futures Contracts Bought 0 Sold 96 Capital Structure Per Share Dividend 1.10 Stock Flag 0 Notes Flag 0 Securities Purchases U.S. Government 90 Day Year 40 5 Year 30 Municipals 3 Year, Series 'A' Year, Series 'B' 27 Maximum Limits Liabilities Maximum FRB Borrowing 999 Maximum Fed Funds Purchased 999 Maximum New Public TD's 999 Loans Maximum New Prime Loans 999 Maximum New High Loans 999 Maximum New Medium Loans 999 Securities Sales Sale 1 Sale 2 Sale 3 Sale 4 Sale 5 Sale 6 Sale 7 Sale 8