Additional Supplemental Financial Information Attached
Exhibit 1 of 12
BANK UNITED CORP.
SUPPLEMENTAL BALANCE SHEET, AS REPORTED
(dollars in thousands)
(unaudited)
September 30, June 30, September 30,
2000 2000 1999
Assets
Cash and cash
equivalents 193,996 186,867 183,260
Securities purchased
under agreements to
resell and federal
funds sold 491,062 516,628 390,326
Securities and other
investments 128,490 130,623 143,538
Mortgage-backed
securities 881,272 902,485 1,004,002
Loans
Single family held
for investment 6,132,916 6,584,619 6,451,606
Single family held
for sale 947,629 675,399 592,583
Commercial 6,985,941 6,884,500 5,408,675
Consumer 900,482 825,895 663,338
Federal Home Loan
Bank stock 351,925 351,456 328,886
Mortgage servicing
rights 579,880 569,311 534,694
Servicing receivables 130,392 140,944 118,025
Deferred tax asset 100,646 105,737 110,512
Premises and equipment 88,640 88,686 88,684
Intangible assets 77,457 79,298 83,778
Real estate owned 20,409 18,248 17,278
Other assets 149,086 136,876 125,494
Total assets 18,160,223 18,197,572 16,244,679
Liabilities
Deposits 8,714,791 8,819,413 7,508,502
Federal Home Loan
Bank advances 6,921,300 6,921,300 6,443,470
Securities sold under
agreements to repurchase
and federal funds
purchased 699,454 702,827 516,900
Notes payable 368,860 368,835 368,762
Other liabilities 306,078 271,966 308,131
Total liabilities 17,010,483 17,084,341 15,145,765
Minority interest and
redeemable preferred stock
Preferred stock issued
by consolidated
subsidiary 185,500 185,500 185,500
Redeemable preferred
stock 100,000 100,000 160,000
Total minority interest
and redeemable
preferred stock 285,500 285,500 345,500
Stockholders' equity
Common stock 325 325 325
Paid-in capital 134,882 133,095 132,153
Retained earnings 748,301 719,425 646,549
Unearned stock
compensation (2,882) (3,333) (4,686)
Accumulated other
comprehensive income -
unrealized gains (losses)
on securities available
for sale, net of tax (16,311) (21,208) (20,058)
Treasury stock, at cost (75) (573) (869)
Total stockholders'
equity 864,240 827,731 753,414
Total liabilities and
stockholders'
equity 18,160,223 18,197,572 16,244,679
Exhibit 2 of 12
BANK UNITED CORP.
INCOME STATEMENT TREND, AS REPORTED
(dollars in thousands, except per share data)
(unaudited)
For the Year For the Quarter
Ended Ended
09/30/00 09/30/99 09/30/00 06/30/00
Interest income
Short-term
interest-earning assets 34,468 20,842 12,102 10,093
Securities and other
investments 9,920 7,264 2,435 2,227
Mortgage-backed
securities 63,446 69,665 15,763 15,809
Loans 1,152,650 894,039 314,216 295,730
Federal Home Loan
Bank stock 26,577 16,176 5,859 10,834
Total interest income 1,287,061 1,007,986 350,375 334,693
Interest expense
Deposits 392,056 296,630 108,194 102,144
Federal Home Loan
Bank advances 411,441 303,014 116,547 106,289
Securities sold under
agreements to repurchase
and federal funds
purchased 35,234 32,929 10,954 9,144
Notes payable 31,688 25,792 7,922 7,923
Total interest expense 870,419 658,365 243,617 225,500
Net interest income 416,642 349,621 106,758 109,193
Provision for credit
losses 40,669 38,368 4,705 19,897
Net interest income after
provision for credit
losses 375,973 311,253 102,053 89,296
Non-interest income
Loan servicing
fees, gross 144,492 121,750 36,522 35,982
Less amortization expense 72,697 67,342 19,698 17,371
Net servicing fees 71,795 54,408 16,824 18,611
Deposit fees and charges 35,096 23,176 9,866 9,213
Net gains (losses)
Single family loans
and servicing rights 12,611 18,909 3,632 2,923
Securities and
mortgage-backed
securities 3,587 1,290 451 1,948
Other loans 7,176 3,299 2,239 1,455
Net gains (losses) 23,374 23,498 6,322 6,326
Other 19,753 18,879 5,735 5,125
Total non-interest
income 150,018 119,961 38,747 39,275
Non-interest expense
Compensation and
benefits 139,560 109,944 36,632 35,979
Occupancy 26,861 22,841 7,041 6,855
Data processing 28,257 20,574 7,797 6,936
Court of claims
litigation 2,000 7,575 325 425
Amortization of
intangibles 7,339 6,647 1,841 1,844
REO operations, net 2,268 1,880 989 778
Merger related and
restructuring costs --- 2,394 --- ---
Other 86,232 77,790 22,183 20,959
Total non-interest
expense 292,517 249,645 76,808 73,776
Income before income
taxes and minority
interest 233,474 181,569 63,992 54,795
Income tax expense 80,304 53,659 22,833 16,502
Income before minority
interest 153,170 127,910 41,159 38,293
Minority interest --
subsidiary preferred
stock dividends 18,253 18,253 4,564 4,563
Net income 134,917 109,657 36,595 33,730
Net income available
to common
stockholders 125,948 107,955 34,782 31,918
Basic earnings per
common share 3.88 3.34 1.07 0.98
Diluted earnings per
common share 3.80 3.28 1.03 0.97
Exhibit 3 of 12
BANK UNITED CORP.
INCOME STATEMENT TREND, AS REPORTED
(dollars in thousands, except per share data)
(unaudited)
For the Quarter Ended
03/31/00 12/31/99 09/30/99
Interest income
Short-term
interest-earning
assets 7,255 5,018 5,528
Securities and other
investments 2,422 2,836 1,912
Mortgage-backed
securities 15,585 16,289 16,175
Loans 276,940 265,764 248,036
Federal Home Loan Bank
stock 5,117 4,767 4,437
Total interest income 307,319 294,674 276,088
Interest expense
Deposits 93,652 88,066 78,173
Federal Home Loan Bank
advances 97,229 91,376 83,804
Securities sold under
agreements to repurchase
and federal funds
purchased 7,491 7,645 6,899
Notes payable 7,922 7,921 7,913
Total interest expense 206,294 195,008 176,789
Net interest income 101,025 99,666 99,299
Provision for credit
losses 8,925 7,142 20,283
Net interest income after
provision for credit
losses 92,100 92,524 79,016
Non-interest income
Loan servicing fees,
gross 37,405 34,583 33,464
Less amortization expense 17,891 17,737 18,939
Net servicing fees 19,514 16,846 14,525
Deposit fees and charges 8,130 7,887 7,478
Net gains (losses)
Single family loans and
servicing rights 3,843 2,213 2,106
Securities and
mortgage-backed
securities 555 633 173
Other loans 1,778 1,704 1,393
Net gains (losses) 6,176 4,550 3,672
Other 4,837 4,056 5,333
Total non-interest income 38,657 33,339 31,008
Non-interest expense
Compensation and benefits 34,221 32,728 33,681
Occupancy 6,816 6,149 6,914
Data processing 6,937 6,587 6,230
Court of claims litigation 625 625 1,749
Amortization of
intangibles 1,848 1,806 1,864
REO operations, net 820 (319) 722
Merger related and
restructuring costs --- --- 2,394
Other 21,391 21,699 21,845
Total non-interest
expense 72,658 69,275 75,399
Income before income taxes
and minority interest 58,099 56,588 34,625
Income tax expense
(benefit) 20,721 20,248 (1,356)
Income before minority
interest 37,378 36,340 35,981
Minority interest --
subsidiary preferred
stock dividends 4,563 4,563 4,564
Net income 32,815 31,777 31,417
Net income available to
common stockholders 30,436 28,812 29,715
Basic earnings per
common share 0.94 0.89 0.92
Diluted earnings per
common share 0.93 0.87 0.90
Exhibit 4 of 12
BANK UNITED CORP.
FINANCIAL HIGHLIGHTS TREND, AS REPORTED
(dollars in thousands, except per share data)
(unaudited)
For the Year For the Quarter
Ended Ended
09/30/00 09/30/99 09/30/00 06/30/00
For the period ended
Loan fundings
Single family 2,815,923 3,680,202 931,282 780,873
Commercial 6,342,774 4,479,385 1,589,951 1,568,203
Consumer 447,594 318,409 133,847 140,175
Total 9,606,291 8,477,996 2,655,080 2,489,251
NOLs utilized during
period 59,600 189,300 14,900 14,900
NOL balance at period
end 321,000 334,200 321,000 335,900
Common share data
Average shares
outstanding-basic 32,459,964 32,299,318 32,493,318 32,451,487
Average shares
outstanding-diluted 33,103,113 32,940,965 33,725,136 33,049,119
Ending shares
outstanding 32,541,847 32,448,926 32,541,847 32,476,697
Basic earnings per
share 3.88 3.34 1.07 0.98
Diluted earnings per
share 3.80 3.28 1.03 0.97
Dividends paid per
common share 0.740 0.692 0.185 0.185
Book value (period end) 26.56 23.22 26.56 25.49
Tangible book value
(period end) 24.18 20.64 24.18 23.05
At period end
Assets 18,160,223 16,244,679 18,160,223 18,197,572
Securities and other
investments 128,490 143,538 128,490 130,623
Mortgage-backed
securities 881,272 1,004,002 881,272 902,485
Loans 14,966,968 13,116,202 14,966,968 14,970,413
Allowance for credit
losses 111,420 82,705 111,420 111,956
Mortgage servicing
rights 579,880 534,694 579,880 569,311
Deposits 8,714,791 7,508,502 8,714,791 8,819,413
Borrowed funds 7,989,614 7,329,132 7,989,614 7,992,962
Minority interest and
redeemable preferred
stock 285,500 345,500 285,500 285,500
Stockholders' equity 864,240 753,414 864,240 827,731
Single family servicing
portfolio
Others 26,760,882 26,058,482 26,760,882 26,458,067
Bank 5,105,297 4,834,511 5,105,297 5,081,959
Total 31,866,179 30,892,993 31,866,179 31,540,026
Average balances
Assets 17,556,233 15,049,606 18,352,333 17,863,743
Stockholders' equity 803,540 729,065 846,560 814,563
Interest-earning
assets 16,346,574 13,897,560 17,136,311 16,686,600
Interest-bearing
liabilities 16,190,913 13,931,251 16,923,543 16,495,408
Exhibit 5 of 12
BANK UNITED CORP.
FINANCIAL HIGHLIGHTS TREND, AS REPORTED
(dollars in thousands, except per share data)
(unaudited)
For the Quarter Ended
03/31/00 12/31/99 09/30/99
For the period ended
Loan fundings
Single family 462,071 641,697 574,101
Commercial 1,515,232 1,669,388 1,291,830
Consumer 90,871 82,701 83,162
Total 2,068,174 2,393,786 1,949,093
NOLs utilized during
period 14,900 14,900 12,300
NOL balance at period
end 304,400 319,300 334,200
Common share data
Average shares
outstanding-basic 32,439,047 32,455,687 32,424,459
Average shares
outstanding-diluted 32,721,219 32,949,661 32,964,086
Ending shares
outstanding 32,438,926 32,444,426 32,448,926
Basic earnings per share 0.94 0.89 0.92
Diluted earnings per share 0.93 0.87 0.90
Dividends paid per common
share 0.185 0.185 0.185
Book value (period end) 24.64 23.83 23.22
Tangible book value
(period end) 22.14 21.27 20.64
At period end
Assets 17,388,373 17,352,201 16,244,679
Securities and other
investments 138,269 145,533 143,538
Mortgage-backed
securities 897,013 901,805 1,004,002
Loans 14,455,432 13,997,174 13,116,202
Allowance for credit
losses 94,719 87,773 82,705
Mortgage servicing
rights 557,779 567,376 534,694
Deposits 8,505,536 8,361,782 7,508,502
Borrowed funds 7,515,275 7,596,801 7,329,132
Minority interest and
redeemable
preferred stock 285,500 345,500 345,500
Stockholders' equity 799,405 773,045 753,414
Single family servicing
portfolio
Others 26,826,553 27,524,504 26,058,482
Bank 5,031,373 5,004,162 4,834,511
Total 31,857,926 32,528,666 30,892,993
Average balances
Assets 17,206,100 16,797,894 16,031,175
Stockholders' equity 786,330 764,098 750,809
Interest-earning
assets 15,998,079 15,559,674 14,814,946
Interest-bearing
liabilities 15,828,962 15,510,422 14,755,228
Exhibit 6 of 12
BANK UNITED CORP.
KEY RATIOS, AS REPORTED
(dollars in thousands, except per share data)
(unaudited)
For the Year For the Quarter
Ended Ended
09/30/00 09/30/99 09/30/00 06/30/00
Ratios
ROA (return, before minority
interest and redeemable
preferred stock, on
average assets) 0.87 0.85 0.89 0.86
ROCE (return on average
common equity) 15.67 14.81 16.35 15.76
Net interest spread 2.49 2.54 2.46 2.57
Net yield on
interest-earning assets 2.54 2.53 2.53 2.63
Efficiency ratio 50.44 51.86 51.63 48.56
Equity to assets
(period end) 4.76 4.64 4.76 4.55
Equity to assets
(average) 4.58 4.84 4.61 4.56
Tangible capital ratio
(Bank only) 6.98 7.14 6.98 6.85
Core capital ratio
(Bank only) 6.99 7.15 6.99 6.86
Risk-based capital ratio
(Bank only) 11.04 11.71 11.04 11.06
Asset quality (period end)
Nonperforming assets
("NPAs") 119,991 108,267 119,991 127,531
Nonperforming loans
("NPLs") 98,784 89,649 98,784 108,711
NPAs as a % of total
assets 0.66 0.67 0.66 0.70
Allowance to period end
loan balance 0.74 0.63 0.74 0.74
Allowance to average
loan balance 0.77 0.69 0.74 0.76
Allowance to NPLs
- single family 25.55 25.71 25.55 25.92
- commercial 249.89 436.59 249.89 214.24
- consumer 193.12 151.77 193.12 132.27
- total 112.79 92.25 112.79 102.98
Branch and employee statistics
Full-time equivalent
employees 2,614 2,578 2,614 2,622
Commercial banking offices 23 20 23 23
SBA lending offices 16 23 16 19
Wholesale mtg. origination
offices 11 10 11 11
Community bank branches
Traditional 83 82 83 83
Supermarket 74 68 74 72
Total 157 150 157 155
ATMs 161 152 161 158
Checking accounts
excluding escrows 276,000 233,000 276,000 264,000
Exhibit 7 of 12
BANK UNITED CORP.
KEY RATIOS, AS REPORTED
(dollars in thousands, except per share data)
(unaudited)
For the Quarter Ended
03/31/00 12/31/99 09/30/99
Ratios
ROA (return, before
minority interest and
redeemable preferred stock,
on average assets) 0.87 0.86 0.89
ROCE (return on average
common equity) 15.57 15.00 15.70
Net interest spread 2.48 2.58 2.71
Net yield on
interest-earning assets 2.53 2.60 2.73
Efficiency ratio 50.81 50.84 56.55
Equity to assets (period
end) 4.60 4.46 4.64
Equity to assets (average) 4.57 4.55 4.68
Tangible capital ratio
(Bank only) 7.01 6.84 7.14
Core capital ratio
(Bank only) 7.02 6.85 7.15
Risk-based capital ratio
(Bank only) 11.16 11.14 11.71
Asset quality (period end)
Nonperforming assets
("NPAs") 121,251 111,891 108,267
Nonperforming loans
("NPLs") 98,082 95,943 89,649
NPAs as a % of
total assets 0.70 0.64 0.67
Allowance to period end
loan balance 0.65 0.62 0.63
Allowance to qtd average
loan balance 0.67 0.64 0.64
Allowance to NPLs
- single family 24.04 25.93 25.71
- commercial 341.28 361.12 436.59
- consumer 171.97 78.13 151.77
- total 96.57 91.48 92.25
Branch and employee statistics
Full-time equivalent
employees 2,622 2,599 2,578
Commercial banking offices 23 21 20
SBA lending offices 23 25 23
Wholesale mtg. origination
offices 11 11 10
Community bank branches
Traditional 83 82 82
Supermarket 71 70 68
Total 154 152 150
ATMs 158 156 152
Checking accounts
excluding escrows 251,000 239,000 233,000
Exhibit 8 of 12
BANK UNITED CORP.
SUPPLEMENTAL LOAN AND DEPOSIT DATA, AS REPORTED
(dollars in thousands)
(unaudited)
September 30, June 30, September 30,
2000 2000 1999
Loans
Single family
Held for investment 6,148,254 6,601,060 6,470,636
Allowance for credit
losses (15,338) (16,441) (19,030)
Net single family
held for investment 6,132,916 6,584,619 6,451,606
Held for sale 947,629 675,399 592,583
Net single family 7,080,545 7,260,018 7,044,189
Commercial
Single family
construction 1,550,382 1,539,993 1,254,796
Mortgage banker finance
line of credit 1,399,038 1,387,338 944,155
Commercial real estate
construction 174,218 134,100 115,633
Commercial real estate 982,909 984,563 860,644
Multi-family
construction 334,348 292,920 228,043
Multi-family 926,783 954,940 822,280
Healthcare construction 319,067 307,267 279,216
Healthcare 461,775 440,932 328,541
Commercial syndications 292,807 325,029 305,945
SBA 305,674 327,117 156,799
Small business 241,529 215,084 135,884
Energy 84,781 63,123 30,712
Agricultural 6,072 5,170 7,298
Total commercial 7,079,383 6,977,576 5,469,946
Allowance for credit
losses (93,442) (93,076) (61,271)
Net commercial 6,985,941 6,884,500 5,408,675
Consumer
Real estate 828,705 754,258 579,295
Installment 68,889 69,163 80,253
Revolving 5,528 4,913 6,194
Total consumer 903,122 828,334 665,742
Allowance for credit
losses (2,640) (2,439) (2,404)
Net consumer 900,482 825,895 663,338
Total loans receivable,
net 14,966,968 14,970,413 13,116,202
Deposits
Transaction accounts
Non-interest checking 875,684 875,567 681,464
Checking with interest 252,660 254,290 240,125
Savings 133,606 137,372 135,538
Money market 3,253,390 2,868,036 2,199,350
Mortgage loan
principal and
interest 150,006 173,705 115,225
Escrow 304,635 291,046 276,247
4,969,981 4,600,016 3,647,949
Certificates of
deposit 3,260,075 3,552,616 3,438,831
Wholesale certificates
of deposit 484,735 666,781 421,722
3,744,810 4,219,397 3,860,553
Total deposits 8,714,791 8,819,413 7,508,502
Exhibit 9 of 12
BANK UNITED CORP.
LOAN ACTIVITY, AS REPORTED
(dollars in thousands)
(unaudited)
For the Quarter Ended
September 30, June 30, September 30,
2000 2000 1999
Beginning 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
Fundings
Single family held for
investment 3,699 41,691 31,994
Single family held for
sale 927,583 739,182 542,107
Commercial 1,589,951 1,568,203 1,291,830
Consumer 133,847 140,175 83,162
Purchases
Single family held for
investment --- 67,825 427,597
Single family held for
sale 103,800 83,460 62,318
Commercial 117,926 122,594 157,282
Net change in mortgage
banker finance
line of credit 11,700 182,263 (128,294)
Repayments
Single family held for
investment (389,914) (420,100) (298,158)
Single family held for
sale (37,990) (15,845) (111,146)
Commercial (1,410,785) (1,280,698) (914,656)
Consumer (57,830) (57,534) (40,756)
Loans sold or securitized
Single family held for
investment (29,260) (11,332) (561)
Single family held for
sale (774,370) (448,749) (229,510)
Commercial (195,562) (178,720) (179,311)
Foreclosures (11,705) (15,704) (5,069)
Net change in allowance
for credit losses 536 (17,237) (18,687)
Other 14,929 15,507 (8,559)
Ending balance
Single family held for
investment 6,132,916 6,584,619 6,451,606
Single family held for
sale 947,629 675,399 592,583
Commercial 6,985,941 6,884,500 5,408,675
Consumer 900,482 825,895 663,338
Exhibit 10 of 12
BANK UNITED CORP.
SINGLE FAMILY SERVICING PORTFOLIO SERVICED FOR OTHERS, AS REPORTED
(dollars in thousands)
(unaudited)
For the Quarter Ended
September 30, June 30, September 30,
2000 2000 1999
Servicing portfolio activity
Beginning balance 26,458,067 26,826,553 25,950,135
Production 787,135 460,081 227,038
Purchases 773,024 889,040 1,018,974
Sales (261,061) (675,531) ---
Payoffs and
amortization (924,061) (964,163) (1,081,074)
Foreclosures/Other (72,222) (77,913) (56,591)
Total serviced 26,760,882 26,458,067 26,058,482
Number of loans
serviced 271,721 273,669 287,251
Mortgage servicing
rights ("MSRs")
at period end 579,880 569,311 534,694
MSRs as a % of
principal balance 2.17 2.15 2.05
Loan type mix
Fixed rate 18,843,045 18,515,640 17,896,655
Adjustable rate 7,917,837 7,942,427 8,161,827
Total 26,760,882 26,458,067 26,058,482
Investor mix
GNMA 12,641,166 13,070,791 9,444,684
FNMA 3,495,941 3,542,126 2,748,191
FHLMC 3,463,202 3,016,230 2,008,505
Other 7,160,573 6,828,920 11,857,102
Total 26,760,882 26,458,067 26,058,482
Average service fee rate 0.447 0.456 0.461
Note: At September 30, 2000, $1.4 billion of purchased servicing had not
yet been transferred to the Company, and is expected to be transferred by
the first quarter of fiscal 2001.
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 June 30, 2000 16,441 93,076 2,439 111,956
Provision 401 3,691 613 4,705
Net charge-offs (1,504) (3,325) (412) (5,241)
Balance at September 30,
2000 15,338 93,442 2,640 111,420
Net charge-offs to qtd
average loans (annualized) 0.09 0.20 0.19 0.14
Balance at September 30,
1999 19,030 61,271 2,404 82,705
Provision 2,547 36,336 1,786 40,669
Net charge-offs (6,239) (4,165) (1,550) (11,954)
Balance at September 30,
2000 15,338 93,442 2,640 111,420
Net charge-offs to ytd
average loans 0.10 0.07 0.20 0.08
PERIOD END RESERVES September 30, June 30, September 30,
2000 2000 1999
Loans held for investment
Single family
Allowance 15,338 16,441 19,030
Period end loan
balance 6,148,254 6,601,060 6,470,636
Average loan balance 6,391,151 6,764,185 6,156,604
Reserve ratio-period
end 0.25 0.25 0.29
Reserve ratio-qtd
average 0.24 0.24 0.31
Reserve ratio-12
month average 0.24 0.25 0.35
Commercial
Allowance 93,442 93,076 61,271
Period end loan
balance 6,905,057 6,760,554 5,368,565
Average loan balance 6,797,098 6,468,858 5,241,240
Reserve ratio-period
end 1.35 1.38 1.14
Reserve ratio-qtd
average 1.37 1.44 1.17
Reserve ratio-12
month average 1.46 1.55 1.34
Consumer
Allowance 2,640 2,439 2,404
Period end loan
balance 903,122 828,334 665,742
Average loan balance 877,900 792,601 665,117
Reserve ratio-period
end 0.29 0.29 0.36
Reserve ratio-qtd
average 0.30 0.31 0.36
Reserve ratio-12
month average 0.34 0.34 0.41
Loans held for sale
Period end loan
balance 1,121,955 892,421 693,964
Average loan balance 982,179 685,597 881,479
Total loans
Allowance 111,420 111,956 82,705
Period end loan
balance 15,078,388 15,082,369 13,198,907
Average loan
balance 15,048,328 14,711,241 12,944,440
Reserve ratio-period
end 0.74 0.74 0.63
Reserve ratio-qtd
average 0.74 0.76 0.64
Reserve ratio-12
month average 0.77 0.80 0.68
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
September 30, 2000 June 30, 2000
Average Average Average Average
Balance Rate Balance Rate
Interest-earning assets
Short-term
interest-earning assets 682,690 6.94 554,664 7.20
Securities and other
investments 166,002 5.84 168,705 5.31
Mortgage-backed
securities 909,116 6.94 930,308 6.80
Loans
Single family 7,212,464 7.56 7,295,876 7.39
Commercial 6,935,353 9.15 6,605,420 8.77
Consumer 872,180 8.34 785,191 8.17
Total loans 15,019,997 8.34 14,686,487 8.05
Federal Home Loan Bank
stock 358,506 6.50 346,436 12.58
Total
interest-earning
assets 17,136,311 8.15 16,686,600 8.02
Non-interest-earning
assets 1,216,022 1,177,143
Total assets 18,352,333 17,863,743
Interest-bearing liabilities
Deposits
Interest-bearing 7,546,749 5.70 7,374,572 5.57
Non-interest-bearing 1,272,100 --- 1,264,240 ---
Total deposits 8,818,849 4.88 8,638,812 4.75
Federal Home Loan Bank
advances 7,035,430 6.50 6,867,641 6.13
Securities sold under
agreements to repurchase
and federal funds
purchased 698,964 6.13 618,510 5.85
Notes payable 370,300 8.56 370,445 8.56
Total
interest-bearing
liabilities 16,923,543 5.69 16,495,408 5.45
Non-interest-bearing
liabilities and
stockholders' equity 1,428,790 1,368,335
Total liabilities
and stockholders'
equity 18,352,333 17,863,743
Net interest spread 2.46 2.57
Net yield on
interest-earning
assets 2.53 2.63
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
September 30, 1999
Average Average
Balance Rate
Interest-earning assets
Short-term
interest-earning
assets 363,179 6.01
Securities and other
investments 184,241 4.28
Mortgage-backed
securities 1,026,024 6.33
Loans
Single family 6,948,730 7.17
Commercial 5,312,303 8.27
Consumer 659,479 7.99
Total loans 12,920,512 7.67
Federal Home Loan Bank
stock 320,990 5.49
Total
interest-earning
assets 14,814,946 7.44
Non-interest-earning
assets 1,216,229
Total assets 16,031,175
Interest-bearing liabilities
Deposits
Interest-bearing 6,313,435 4.93
Non-interest-bearing 1,154,562 ---
Total deposits 7,467,997 4.17
Federal Home Loan Bank
advances 6,372,865 5.15
Securities sold under
agreements to
repurchase and federal
funds purchased 541,001 5.02
Notes payable 373,365 8.48
Total
interest-bearing
liabilities 14,755,228 4.73
Non-interest-bearing
liabilities and
stockholders' equity 1,275,947
Total liabilities
and stockholders'
equity 16,031,175
Net interest spread 2.71
Net yield on
interest-earning assets 2.73
Ratio of average
interest-earning assets
to average interest-bearing
liabilities 1.00
Web site: http://www.bankunited.com
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