Exhibit 1 of 12
BANK UNITED CORP.
SUPPLEMENTAL BALANCE SHEET, AS REPORTED
(dollars in thousands)
(unaudited)
June 30, March 31, June 30,
2000 2000 1999
Assets
Cash and cash equivalents 186,867 188,797 254,358
Securities purchased under
agreements to resell and
federal funds sold 516,628 244,846 243,324
Securities and other
investments 130,623 138,269 142,108
Mortgage-backed securities 902,485 897,013 1,076,277
Loans
Single family held
for investment 6,584,619 6,839,518 5,933,932
Single family held for sale 675,399 373,868 712,233
Commercial 6,884,500 6,499,529 5,183,278
Consumer 825,895 742,517 625,176
Federal Home Loan Bank stock 351,456 334,775 305,801
Mortgage servicing rights 569,311 557,779 527,464
Servicing receivables 138,882 140,393 133,101
Deferred tax asset 105,737 105,645 94,501
Premises and equipment 88,686 89,966 88,611
Intangible assets 79,298 81,101 85,610
Real estate owned 18,248 22,011 24,090
Other assets 138,938 132,346 115,883
Total assets 18,197,572 17,388,373 15,545,747
Liabilities
Deposits 8,819,413 8,505,536 7,311,673
Federal Home Loan Bank
advances 6,921,300 6,593,300 6,018,887
Securities sold under
agreements to repurchase
and federal funds purchased 702,827 553,165 647,194
Notes payable 368,835 368,810 368,738
Other liabilities 271,966 282,657 272,895
Total liabilities 17,084,341 16,303,468 14,619,387
Minority interest and
redeemable preferred stock
Preferred stock issued by
consolidated subsidiary 185,500 185,500 185,500
Redeemable preferred stock 100,000 100,000 ---
Total minority interest and
redeemable preferred stock 285,500 285,500 185,500
Stockholders' equity
Common stock 325 325 324
Paid-in capital 133,095 132,411 138,134
Retained earnings 719,425 693,662 622,836
Unearned stock compensation (3,333) (3,784) (5,205)
Accumulated other comprehensive
income -unrealized gains (losses)
on securities available for
sale, net of tax (21,208) (22,120) (14,166)
Treasury stock, at cost (573) (1,089) (1,063)
Total stockholders' equity 827,731 799,405 740,860
Total liabilities and
stockholders' equity 18,197,572 17,388,373 15,545,747
Exhibit 2 of 12
BANK UNITED CORP.
INCOME STATEMENT TREND, AS REPORTED
(dollars in thousands, except per share data)
(unaudited)
For the Nine Months For the Quarter
Ended Ended
06/30/00 06/30/99 06/30/00 03/31/00
Interest income
Short-term interest-
earning assets 22,366 15,314 10,093 7,255
Securities and other
investments 7,485 5,352 2,227 2,422
Mortgage-backed
securities 47,683 53,490 15,809 15,585
Loans 838,434 646,003 295,730 276,940
Federal Home Loan
Bank stock 20,718 11,739 10,834 5,117
Total interest income 936,686 731,898 334,693 307,319
Interest expense
Deposits 283,862 218,457 102,144 93,652
Federal Home Loan
Bank advances 294,894 219,210 106,289 97,229
Securities sold under
agreements to
repurchase and federal
funds purchased 24,280 26,030 9,144 7,491
Notes payable 23,766 17,879 7,923 7,922
Total interest expense 626,802 481,576 225,500 206,294
Net interest income 309,884 250,322 109,193 101,025
Provision for
credit losses 35,964 18,085 19,897 8,925
Net interest income
after provision for
credit losses 273,920 232,237 89,296 92,100
Non-interest income
Loan servicing fees,
gross 107,970 88,286 35,982 37,405
Less amortization
expense 52,999 48,403 17,371 17,891
Net servicing fees 54,971 39,883 18,611 19,514
Deposit fees and
charges 25,230 15,698 9,213 8,130
Net gains (losses)
Single family loans
and servicing rights 8,979 16,803 2,923 3,843
Securities and
mortgage-backed
securities 3,136 1,117 1,948 555
Other loans 4,937 1,906 1,455 1,778
Net gains (losses) 17,052 19,826 6,326 6,176
Other 14,018 13,546 5,125 4,837
Total non-interest
income 111,271 88,953 39,275 38,657
Non-interest expense
Compensation and
benefits 102,928 76,263 35,979 34,221
Occupancy 19,820 15,927 6,855 6,816
Data processing 20,460 14,344 6,936 6,937
Court of claims
litigation 1,675 5,826 425 625
Amortization of
intangibles 5,498 4,783 1,844 1,848
REO operations, net 1,279 1,158 778 820
Merger related and
restructuring costs --- --- --- ---
Other 64,049 55,945 20,959 21,391
Total non-interest
expense 215,709 174,246 73,776 72,658
Income before income
taxes and minority
interest 169,482 146,944 54,795 58,099
Income tax expense 57,471 55,015 16,502 20,721
Income before
minority interest 112,011 91,929 38,293 37,378
Minority interest -
subsidiary preferred
stock dividends 13,689 13,689 4,563 4,563
Net income 98,322 78,240 33,730 32,815
Net income available to
common stockholders 91,166 78,240 31,918 30,436
Basic earnings per
common share 2.81 2.42 0.98 0.94
Diluted earnings per
common share 2.77 2.37 0.97 0.93
Exhibit 3 of 12
BANK UNITED CORP.
INCOME STATEMENT TREND, AS REPORTED
(dollars in thousands, except per share data)
(unaudited)
12/31/99 09/30/99 06/30/99
Interest income
Short-term interest-
earning assets 5,018 5,528 4,838
Securities and other investments 2,836 1,912 1,747
Mortgage-backed securities 16,289 16,175 17,744
Loans 265,764 248,036 222,975
Federal Home Loan Bank stock 4,767 4,437 3,857
Total interest income 294,674 276,088 251,161
Interest expense
Deposits 88,066 78,173 72,789
Federal Home Loan Bank advances 91,376 83,804 73,732
Securities sold under
agreements to repurchase
and federal funds purchased 7,645 6,899 7,242
Notes payable 7,921 7,913 7,904
Total interest expense 195,008 176,789 161,667
Net interest income 99,666 99,299 89,494
Provision for credit losses 7,142 20,283 5,617
Net interest income after
provision for credit losses 92,524 79,016 83,877
Non-interest income
Loan servicing fees, gross 34,583 33,464 29,193
Less amortization expense 17,737 18,939 16,908
Net servicing fees 16,846 14,525 12,285
Deposit fees and charges 7,887 7,478 5,901
Net gains (losses)
Sales of single family loans
and servicing rights 2,213 2,106 3,628
Securities and mortgage-backed
securities 633 173 332
Other loans 1,704 1,393 879
Net gains (losses) 4,550 3,672 4,839
Other 4,056 5,333 4,439
Total non-interest income 33,339 31,008 27,464
Non-interest expense
Compensation and benefits 32,728 33,681 28,611
Occupancy 6,149 6,914 5,859
Data processing 6,587 6,230 5,293
Court of claims litigation 625 1,749 1,749
Amortization of intangibles 1,806 1,864 1,863
REO operations, net (319) 722 566
Merger related and
restructuring costs --- 2,394 ---
Other 21,699 21,845 19,801
Total non-interest expense 69,275 75,399 63,742
Income before income taxes and
minority interest 56,588 34,625 47,599
Income tax expense (benefit) 20,248 (1,356) 17,639
Income before minority interest 36,340 35,981 29,960
Minority interest - subsidiary
preferred stock dividends 4,563 4,564 4,563
Net income 31,777 31,417 25,397
Net income available to
common stockholders 28,812 29,715 25,397
Basic earnings per common share 0.89 0.92 0.78
Diluted earnings per common share 0.87 0.90 0.77
Exhibit 4 of 12
BANK UNITED CORP.
FINANCIAL HIGHLIGHTS TREND, AS REPORTED
(dollars in thousands, except per share data)
(unaudited)
For the Nine Months For the Quarter
Ended Ended
06/30/00 06/30/99 06/30/00 03/31/00
For the period ended
Loan fundings
Single family 1,884,641 3,106,101 780,873 462,071
Commercial 4,752,823 3,187,555 1,568,203 1,515,232
Consumer 313,747 235,247 140,175 90,871
Total 6,951,211 6,528,903 2,489,251 2,068,174
NOLs utilized
during period 44,700 177,000 14,900 14,900
NOL balance at
period end 335,900 346,500 335,900 304,400
Common share data
Average shares
outstanding-basic 32,448,765 32,257,296 32,451,487 32,439,047
Average shares
outstanding-
diluted 32,895,691 32,932,949 33,049,119 32,721,219
Ending shares
outstanding 32,476,697 32,413,483 32,476,697 32,438,926
Basic earnings
per share 2.81 2.42 0.98 0.94
Diluted earnings
per share 2.77 2.37 0.97 0.93
Dividends paid
per common share 0.555 0.507 0.185 0.185
Book value (period end) 25.49 22.86 25.49 24.64
Tangible book value
(period end) 23.05 20.22 23.05 22.14
At period end
Assets 18,197,572 15,545,747 18,197,572 17,388,373
Securities and
other investments 130,623 142,108 130,623 138,269
Mortgage-backed
securities 902,485 1,076,277 902,485 897,013
Loans 14,970,413 12,454,619 14,970,413 14,455,432
Allowance for
credit losses 111,956 64,018 111,956 94,719
Mortgage servicing
rights 569,311 527,464 569,311 557,779
Deposits 8,819,413 7,311,673 8,819,413 8,505,536
Borrowed funds 7,992,962 7,034,819 7,992,962 7,515,275
Minority interest
and redeemable
preferred stock 285,500 185,500 285,500 285,500
Stockholders' equity 827,731 740,860 827,731 799,405
Single family
servicing portfolio
Others 26,458,067 25,950,135 26,458,067 26,826,553
Bank 5,081,959 4,659,020 5,081,959 5,031,373
Total 31,540,026 30,609,155 31,540,026 31,857,926
Average balances
Assets 17,287,453 14,718,817 17,863,743 17,206,100
Stockholders' equity 788,751 721,530 814,563 786,330
Interest-earning
assets 16,079,631 13,588,466 16,686,600 15,998,079
Interest-bearing
liabilities 15,943,341 13,654,731 16,495,408 15,828,962
Exhibit 5 of 12
BANK UNITED CORP.
FINANCIAL HIGHLIGHTS TREND, AS REPORTED
(dollars in thousands, except per share data)
(unaudited)
12/31/99 09/30/99 06/30/99
For the period ended
Loan fundings
Single family 641,697 574,101 707,009
Commercial 1,669,388 1,291,830 1,144,047
Consumer 82,701 83,162 92,627
Total 2,393,786 1,949,093 1,943,683
NOLs utilized during period 14,900 12,300 56,800
NOL balance at period end 319,300 334,200 346,500
Common share data
Average shares
outstanding-basic 32,455,687 32,424,459 32,401,036
Average shares
outstanding-diluted 32,949,661 32,964,086 33,081,914
Ending shares
outstanding 32,444,426 32,448,926 32,413,483
Basic earnings per share 0.89 0.92 0.78
Diluted earnings per share 0.87 0.90 0.77
Dividends paid
per common share 0.185 0.185 0.193
Book value (period end) 23.83 23.22 22.86
Tangible book value
(period end) 21.27 20.64 20.22
At period end
Assets 17,352,201 16,244,679 15,545,747
Securities and other
investments 145,533 143,538 142,108
Mortgage-backed securities 901,805 1,004,002 1,076,277
Loans 13,997,174 13,116,202 12,454,619
Allowance for credit losses 87,773 82,705 64,018
Mortgage servicing rights 567,376 534,694 527,464
Deposits 8,361,782 7,508,502 7,311,673
Borrowed funds 7,596,801 7,329,132 7,034,819
Minority interest and
redeemable preferred stock 345,500 345,500 185,500
Stockholders' equity 773,045 753,414 740,860
Single family servicing
portfolio
Others 27,524,504 26,058,482 25,950,135
Bank 5,004,162 4,834,511 4,659,020
Total 32,528,666 30,892,993 30,609,155
Average balances
Assets 16,797,894 16,031,175 15,113,371
Stockholders' equity 764,098 750,809 738,028
Interest-earning assets 15,559,674 14,814,946 13,943,689
Interest-bearing liabilities 15,510,422 14,755,228 14,015,570
Exhibit 6 of 12
BANK UNITED CORP.
KEY RATIOS, AS REPORTED
(dollars in thousands, except per share data)
(unaudited)
For the Nine Months
Ended
06/30/00 06/30/99
Ratios
ROA (return, before minority interest and
redeemable preferred stock, on average assets) 0.87 0.84
ROCE (return on average common equity) 15.44 14.50
Net interest spread 2.55 2.50
Net yield on interest-earning assets 2.59 2.48
Efficiency ratio 50.02 50.06
Equity to assets (period end) 4.55 4.77
Equity to assets (average) 4.56 4.90
Tangible capital ratio (Bank only) 6.85 6.60
Core capital ratio (Bank only) 6.86 6.62
Risk-based capital ratio (Bank only) 11.06 11.24
Asset quality (period end)
Nonperforming assets ("NPAs") 127,531 100,078
Nonperforming loans ("NPLs") 108,711 75,001
NPAs as a % of total assets 0.70 0.64
Allowance to period end loan balance 0.74 0.51
Allowance to ytd average loan balance 0.79 0.55
Allowance to NPLs - single family 25.92 21.44
- commercial 214.24 679.04
- consumer 132.27 221.48
- total 102.98 85.36
Branch and employee statistics
Full-time equivalent employees 2,622 2,462
Commercial banking offices 23 18
SBA lending offices 19 2
Wholesale mtg. origination offices 11 9
Community bank branches
Traditional 83 82
Supermarket 72 62
Total 155 144
ATMs 158 149
Checking accounts excluding escrows 264,000 211,000
Exhibit 7 of 12
BANK UNITED CORP.
KEY RATIOS, AS REPORTED
(dollars in thousands, except per share data)
(unaudited)
For the Quarter
Ended
06/30/00 03/31/00
Ratios
ROA (return, before minority interest and
redeemable preferred stock, on average assets) 0.86 0.87
ROCE (return on average common equity) 15.76 15.57
Net interest spread 2.57 2.48
Net yield on interest-earning assets 2.63 2.53
Efficiency ratio 48.56 50.81
Equity to assets (period end) 4.55 4.60
Equity to assets (average) 4.56 4.57
Tangible capital ratio (Bank only) 6.85 7.01
Core capital ratio (Bank only) 6.86 7.02
Risk-based capital ratio (Bank only) 11.06 11.16
Asset quality (period end)
Nonperforming assets ("NPAs") 127,531 121,251
Nonperforming loans ("NPLs") 108,711 98,082
NPAs as a % of total assets 0.70 0.70
Allowance to period end loan balance 0.74 0.65
Allowance to qtd average loan balance 0.76 0.67
Allowance to NPLs - single family 25.92 24.04
- commercial 214.24 341.28
- consumer 132.27 171.97
- total 102.98 96.57
Branch and employee statistics
Full-time equivalent employees 2,622 2,622
Commercial banking offices 23 23
SBA lending offices 19 23
Wholesale mtg. origination offices 11 11
Community bank branches
Traditional 83 83
Supermarket 72 71
Total 155 154
ATMs 158 158
Checking accounts excluding escrows 264,000 251,000
BANK UNITED CORP.
KEY RATIOS, AS REPORTED
(dollars in thousands, except per share data)
(unaudited)
12/31/99 09/30/99 06/30/99
Ratios
ROA (return, before minority
interest and redeemable preferred
stock, on average assets) 0.86 0.89 0.80
ROCE (return on average
common equity) 15.00 15.70 13.80
Net interest spread 2.58 2.71 2.60
Net yield on interest-earning
assets 2.60 2.73 2.58
Efficiency ratio 50.84 56.55 53.04
Equity to assets (period end) 4.46 4.64 4.77
Equity to assets (average) 4.55 4.68 4.88
Tangible capital ratio (Bank only) 6.84 7.14 6.60
Core capital ratio (Bank only) 6.85 7.15 6.62
Risk-based capital ratio
(Bank only) 11.14 11.71 11.24
Asset quality (period end)
Nonperforming assets ("NPAs") 111,891 108,267 100,078
Nonperforming loans ("NPLs") 95,943 89,649 75,001
NPAs as a % of total assets 0.64 0.67 0.64
Allowance to period end
loan balance 0.62 0.63 0.51
Allowance to qtd average
loan balance 0.64 0.64 0.53
Allowance to NPLs - single family 25.93 25.71 21.44
- commercial 361.12 436.59 679.04
- consumer 78.13 151.77 221.48
- total 91.48 92.25 85.36
Branch and employee statistics
Full-time equivalent employees 2,599 2,578 2,462
Commercial banking offices 21 20 18
SBA lending offices 25 23 2
Wholesale mtg. origination offices 11 10 9
Community bank branches
Traditional 82 82 82
Supermarket 70 68 62
Total 152 150 144
ATMs 156 152 149
Checking accounts
excluding escrows 239,000 233,000 211,000
Exhibit 8 of 12
BANK UNITED CORP.
SUPPLEMENTAL LOAN AND DEPOSIT DATA, AS REPORTED
(dollars in thousands)
(unaudited)
June 30, March 31, June 30,
2000 2000 1999
Loans
Single family
Held for investment 6,601,060 6,857,527 5,948,319
Allowance for credit losses (16,441) (18,009) (14,387)
Net single family
held for investment 6,584,619 6,839,518 5,933,932
Held for sale 675,399 373,868 712,233
Net single family 7,260,018 7,213,386 6,646,165
Commercial
Single family construction 1,539,993 1,401,216 1,195,780
Mortgage banker finance
line of credit 1,387,338 1,205,075 1,072,449
Commercial real estate
construction 134,100 116,846 90,998
Commercial real estate 984,563 1,038,076 801,422
Multi-family construction 292,920 285,467 207,453
Multi-family 954,940 928,735 740,402
Healthcare construction 307,267 302,222 228,282
Healthcare 440,932 440,206 318,740
Commercial syndications 325,029 327,357 254,259
SBA 327,117 272,399 165,452
Small business 215,084 197,356 121,249
Energy 63,123 54,679 25,664
Agricultural 5,170 4,182 8,790
Total commercial 6,977,576 6,573,816 5,230,940
Allowance for credit losses (93,076) (74,287) (47,662)
Net commercial 6,884,500 6,499,529 5,183,278
Consumer
Real estate 754,258 669,165 538,826
Installment 69,163 70,950 81,286
Revolving 4,913 4,825 7,033
Total consumer 828,334 744,940 627,145
Allowance for credit losses (2,439) (2,423) (1,969)
Net consumer 825,895 742,517 625,176
Total loans receivable, net 14,970,413 14,455,432 12,454,619
Deposits
Transaction accounts
Non-interest checking 875,567 813,742 746,502
Checking with interest 254,290 266,245 249,662
Savings 137,372 139,517 138,180
Money market 2,868,036 2,356,525 2,195,242
Mortgage loan principal
and interest 173,705 139,720 185,627
Escrow 291,046 253,207 221,890
4,600,016 3,968,956 3,737,103
Certificates of deposit 3,552,616 3,657,338 3,319,673
Wholesale certificates
of deposit 666,781 879,242 254,897
4,219,397 4,536,580 3,574,570
Total deposits 8,819,413 8,505,536 7,311,673
Exhibit 9 of 12
BANK UNITED CORP.
LOAN ACTIVITY, AS REPORTED
(dollars in thousands)
(unaudited)
For the Quarter Ended
June 30, March 31, June 30,
2000 2000 1999
Beginning balance
Single family held
for investment 6,839,518 6,482,085 4,988,324
Single family held for sale 373,868 669,958 1,571,433
Commercial 6,499,529 6,151,726 4,529,272
Consumer 742,517 693,405 583,960
Fundings
Single family held
for investment 41,691 124,593 112,458
Single family held for sale 739,182 337,478 594,551
Commercial 1,568,203 1,515,232 1,144,047
Consumer 140,175 90,871 92,627
Purchases
Single family held
for investment 67,825 70,841 349,099
Single family held for sale 83,460 80,185 47,292
Commercial 122,594 136,325 319,455
Net change in mortgage banker
finance line of credit 182,263 3,724 205,015
Repayments
Single family held
for investment (420,100) (225,701) (435,989)
Single family held for sale (15,845) (11,905) (67,937)
Commercial (1,274,944) (1,127,913) (806,082)
Consumer (57,534) (40,634) (50,608)
Loans sold or securitized
Single family held
for investment (11,332) (3,980) (5,103)
Single family held for sale (448,749) (299,016) (487,186)
Commercial (178,720) (173,352) (203,498)
Foreclosures (15,704) (13,141) (13,704)
Net change in allowance
for credit losses (17,237) (6,946) (4,698)
Other 9,753 1,597 (8,109)
Ending balance
Single family held
for investment 6,584,619 6,839,518 5,933,932
Single family held for sale 675,399 373,868 712,233
Commercial 6,884,500 6,499,529 5,183,278
Consumer 825,895 742,517 625,176
Exhibit 10 of 12
BANK UNITED CORP.
SINGLE FAMILY SERVICING PORTFOLIO SERVICED FOR OTHERS, AS REPORTED
(dollars in thousands)
(unaudited)
For the Quarter Ended
June 30, March 31, June 30,
2000 2000 1999
Servicing portfolio activity
Beginning balance 26,826,553 27,524,504 22,812,908
Production 460,081 260,356 488,958
Purchases 889,040 367,267 4,224,071
Sales (675,531) (460,873) ---
Payoffs and amortization (964,163) (777,390) (1,504,209)
Foreclosures/Other (77,913) (87,311) (71,593)
Total serviced 26,458,067 26,826,553 25,950,135
Number of loans serviced 273,669 288,976 284,893
Mortgage servicing rights
("MSRs") at period end 569,311 557,779 527,464
MSRs as a % of
principal balance 2.15 2.08 2.03
Loan type mix
Fixed rate 18,515,640 18,802,867 17,386,590
Adjustable rate 7,942,427 8,023,686 8,563,545
Total 26,458,067 26,826,553 25,950,135
Investor mix
GNMA 13,070,791 12,632,774 11,606,420
FNMA 3,542,126 4,458,639 3,523,941
FHLMC 3,016,230 2,646,533 2,523,595
Other 6,828,920 7,088,607 8,296,179
Total 26,458,067 26,826,553 25,950,135
Average service fee rate 0.456 0.449 0.432
Note: At June 30, 2000, $802 million of purchased servicing had not yet
been transferred to the Company, and is expected to be transferred by the
fourth quarter of fiscal 2000.
Exhibit 11 of 12
BANK UNITED CORP.
ALLOWANCE FOR CREDIT LOSSES, AS REPORTED
(dollars in thousands)
(unaudited)
Single
ALLOWANCE ACTIVITY family Commercial Consumer Total
Balance at
March 31, 2000 18,009 74,287 2,423 94,719
Provision 370 19,177 350 19,897
Net charge-offs (1,938) (388) (334) (2,660)
Balance at
June 30, 2000 16,441 93,076 2,439 111,956
Net charge-offs to
qtd average loans
(annualized) 0.11 0.02 0.17 0.07
Balance at
September 30,1999 19,030 61,271 2,404 82,705
Provision 2,146 32,645 1,173 35,964
Net charge-offs (4,735) (840) (1,138) (6,713)
Balance at
June 30, 2000 16,441 93,076 2,439 111,956
Net charge-offs to
ytd average loans
(annualized) 0.10 0.02 0.21 0.06
PERIOD END RESERVES June 30, March 31, June 30,
2000 2000 1999
Loans held for investment
Single family
Allowance 16,441 18,009 14,387
Period end loan balance 6,601,060 6,857,527 5,948,319
Average loan balance 6,764,185 6,597,141 4,873,538
Reserve ratio-period end 0.25 0.26 0.24
Reserve ratio-qtd average 0.24 0.27 0.30
Reserve ratio-12 month average 0.25 0.29 0.30
Commercial
Allowance 93,076 74,287 47,662
Period end loan balance 6,760,554 6,390,956 5,105,858
Average loan balance 6,468,858 6,091,842 4,742,646
Reserve ratio-period end 1.38 1.16 0.93
Reserve ratio-qtd average 1.44 1.22 1.00
Reserve ratio-12 month average 1.55 1.33 1.14
Consumer
Allowance 2,439 2,423 1,969
Period end loan balance 828,334 744,940 627,145
Average loan balance 792,601 726,521 607,549
Reserve ratio-period end 0.29 0.33 0.31
Reserve ratio-qtd average 0.31 0.33 0.32
Reserve ratio-12 month average 0.34 0.36 0.37
Loans held for sale
Period end loan balance 892,421 556,728 837,315
Average loan balance 685,597 719,489 1,749,907
Total loans
Allowance 111,956 94,719 64,018
Period end loan balance 15,082,369 14,550,151 12,518,637
Average loan balance 14,711,241 14,134,993 11,973,640
Reserve ratio-period end 0.74 0.65 0.51
Reserve ratio-qtd average 0.76 0.67 0.53
Reserve ratio-12 month average 0.80 0.71 0.56
Exhibit 12 of 12
BANK UNITED CORP.
AVERAGE BALANCE SHEET AND RATE INFORMATION, AS REPORTED
(dollars in thousands)
(unaudited)
For the Quarter Ended For the Quarter Ended
June 30, 2000 March 31, 2000
Average Average Average Average
Balance Rate Balance Rate
Interest-earning assets
Short-term interest-
earning assets 554,664 7.20 467,586 6.14
Securities and other
investments 168,705 5.31 164,151 5.93
Mortgage-backed
securities 930,308 6.80 923,570 6.75
Loans
Single family 7,295,876 7.39 7,161,253 7.31
Commercial 6,605,420 8.77 6,225,195 8.46
Consumer 785,191 8.17 720,625 8.01
Total loans 14,686,487 8.05 14,107,073 7.85
Federal Home Loan
Bank stock 346,436 12.58 335,699 6.13
Total interest-
earning assets 16,686,600 8.02 15,998,079 7.68
Non-interest-earning
assets 1,177,143 1,208,021
Total assets 17,863,743 17,206,100
Interest-bearing liabilities
Deposits
Interest-bearing 7,374,572 5.57 7,235,182 5.21
Non-interest
bearing 1,264,240 --- 1,101,023 ---
Total deposits 8,638,812 4.75 8,336,205 4.52
Federal Home Loan
Bank advances 6,867,641 6.13 6,593,281 5.84
Securities sold under
agreements to
repurchase and federal
funds purchased 618,510 5.85 528,884 5.60
Notes payable 370,445 8.56 370,592 8.55
Total interest-
bearing
liabilities 16,495,408 5.45 15,828,962 5.20
Non-interest-bearing
liabilities and
stockholders'
equity 1,368,335 1,377,138
Total liabilities
and stockholders'
equity 17,863,743 17,206,100
Net interest spread 2.57 2.48
Net yield on
interest-earning assets 2.63 2.53
Ratio of average
interest-earning assets
to average interest-bearing
liabilities 1.01 1.01
BANK UNITED CORP.
AVERAGE BALANCE SHEET AND RATE INFORMATION, AS REPORTED
(dollars in thousands)
(unaudited)
For the Quarter Ended
June 30, 1999
Average Average
Balance Rate
Interest-earning assets
Short-term interest-earning assets 385,440 4.97
Securities and other investments 189,728 3.69
Mortgage-backed securities 1,117,770 6.35
Loans
Single family 6,528,684 7.10
Commercial 4,822,368 7.88
Consumer 604,371 7.88
Total loans 11,955,423 7.45
Federal Home Loan Bank stock 295,328 5.24
Total interest-earning assets 13,943,689 7.20
Non-interest-earning assets 1,169,682
Total assets 15,113,371
Interest-bearing liabilities
Deposits
Interest-bearing 6,057,645 4.82
Non-interest-bearing 1,174,548 ---
Total deposits 7,232,193 4.04
Federal Home Loan Bank advances 5,825,878 5.01
Securities sold under agreements to
repurchase and federal funds purchased 587,465 4.88
Notes payable 370,034 8.54
Total interest-bearing liabilities 14,015,570 4.60
Non-interest-bearing liabilities and
stockholders' equity 1,097,801
Total liabilities and
stockholders' equity 15,113,371
Net interest spread 2.60
Net yield on interest-earning assets 2.58
Ratio of average interest-earning assets
to average interest-bearing liabilities 0.99
SOURCE Bank United Corp.
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