YEAR ENDED DECEMBER 31 |
|
|
2006 |
|
2007 |
(In US$ million, except per share amounts) |
|
|
|
|
|
|
Income Statement Data |
|
|
|
|
|
Net Interest Income |
|
|
59 |
|
71 |
Provision for credit losses |
|
|
13 |
|
1 |
Fees and Commisions, net |
|
|
6 |
|
6 |
Operating Expenses |
|
|
(29) |
|
(37) |
Net Income |
|
|
58 |
|
72 |
|
|
|
|
|
|
Balance Sheet Data |
|
|
|
|
|
Loan and investment portfolio, net of unearned income and deferred loan fees (1) |
|
|
3,448 |
|
4,194 |
Credit Portfolio, net of unearned income (2) |
|
|
4,001 |
|
4,747 |
Total Assets |
|
|
3,978 |
|
4,791 |
Total Liabilities |
|
|
3,394 |
|
4,178 |
Stockholders' Equity |
|
|
584 |
|
612 |
Net income per share (US$) |
|
|
1.56 |
|
1.99 |
Book value per Common Share |
|
|
|
|
|
-period end- (US$) |
|
|
16.07 |
|
16.83 |
Common Shares Outstanding: (in thousands) |
|
|
|
|
|
Period average |
|
|
37,065 |
|
36,349 |
Period end |
|
|
36,329 |
|
36,370 |
|
SELECTED FINANCIAL RATIOS (In %) |
|
|
|
|
|
| |
Return on average assets |
|
|
1.70 |
|
1.71 |
Return on average stockholders' equity |
|
|
10.0 |
|
11.9 |
Net interest margin |
|
|
1.76 |
|
1.71 |
Total operating expenses to total average assets |
|
|
0.85 |
|
0.88 |
Non-accruing loans and investments to |
|
|
|
|
|
total loan and selected investment portfolio (1) |
|
|
0.00 |
|
0.00 |
Allowance for loan losses to total loan portfolio (1) |
|
|
1.72 |
|
1.87 |
Allowance for losses on off-balance sheet credit risk to total contingencies |
|
|
4.18 |
|
2.48 |
Stockholders' equity to total assets |
|
|
14.7 |
|
12.8 |
Tier 1 capital to risk-weighted assets |
|
|
24.4 |
|
20.9 |
Total capital to risk-weighted assets |
|
|
25.7 |
|
22.2 |
|
|
|
|
|
|
Notes |
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|
|
|
|
(1) Loan portfolio is presented net of unearned income and deferred loans fees. |
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|
|
|
|
|
|
(2) Includes book value of loans, fair value of investment securities, acceptances, and contingencies, (including confirmed letters of credit, stand-by letters of credit, reimbursement undertakings and guarantees covering commercial and country risks, credit default swaps and credit commitments). |
