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Previous: MELLON BANK PREMIUM FINANCE LOAN MASTER TRUST, 8-K, 2000-10-06 |
Next: HEALTHCARE VENTURES V L P, SC 13G, 2000-10-06 |
<PAGE> 1
Exhibit 19.1
AFCO AGGREGATE RECEIVABLES BALANCE BY AMOUNT - IDENTIFIED PORTFOLIO
AS OF AUGUST 31, 2000
<TABLE>
<CAPTION>
AGGREGATE RECEIVABLES NUMBER OF PERCENT OF AGGREGATE PERCENT OF
BALANCE ACCTS NUMBER OF RECEIVABLES AGGREGATE
ACCTS BALANCE RECEIVABLES
BALANCE
<S> <C> <C> <C> <C>
1. 5,000 or less 17,661 61.37% $31,163,933.56 5.44%
2. 5,000 - 10,000 4,184 14.54% $29,640,649.87 5.17%
3. 10,000 - 25,000 3,570 12.41% $56,233,072.33 9.81%
4. 25,000 - 50,000 1,559 5.42% $54,361,905.25 9.48%
5. 50,000 - 75,000 565 1.96% $34,753,434.62 6.06%
6. 75,000 - 100,000 298 1.04% $25,737,507.27 4.49%
7. 100,000 - 250,000 603 2.10% $91,609,925.14 15.98%
8. 250,000 - 500,000 186 0.65% $64,125,480.19 11.18%
9. 500,000 - 1,000,000 89 0.31% $62,234,157.55 10.85%
10. 1,000,000 - 5,000,000 60 0.21% $113,005,958.92 19.71%
11. Over 5,000,000 2 0.01% $10,522,432.35 1.84%
Total: 28,777 $573,388,457.05 (1)
</TABLE>
(1) Includes $2,539,939.05 of loan commitments
<PAGE> 2
AFCO COMPOSITION OF RECEIVABLES BY REMAINING INSTALLMENT TERM -
IDENTIFIED PORTFOLIO
AS OF AUGUST 31, 2000
<TABLE>
<CAPTION>
REMAINING INSTALLMENT NUMBER OF PERCENT AGGREGATE PERCENT OF
TERM ACCTS OF NUMBER OF RECEIVABLES AGGREGATE
ACCTS BALANCE RECEIVABLES
BALANCE
<S> <C> <C> <C> <C>
03 Months or Less 10,465 36.37% $71,852,003.04 12.53%
04 to 06 Months 10,563 36.71% $184,396,349.85 32.16%
07 to 09 Months 7,328 25.46% $232,362,164.58 40.52%
10 to 12 Months 268 0.93% $51,834,696.14 9.04%
13 to 18 Months 83 0.29% $13,556,696.38 2.36%
More than 18 Months 70 0.24% $19,386,547.06 3.38%
Total: 28,777 $573,388,457.05 (1)
</TABLE>
(1) Includes $2,539,939.05 of loan commitments
<PAGE> 3
AFCO GEOGRAPHIC CONCENTRATION - IDENTIFIED PORTFOLIO
AS OF AUGUST 31, 2000
<TABLE>
<CAPTION>
STATES AGGREGATE RECEIVABLES BALANCE PERCENTAGE OF AGGREGATE
RECEIVABLES BALANCE
<S> <C> <C>
CALIFORNIA $123,246,741.99 21.49%
TEXAS $62,088,776.81 10.83%
NEW YORK $47,302,456.52 8.25%
PENNSYLVANIA $38,904,316.82 6.78%
FLORIDA $32,094,513.52 5.60%
NEW JERSEY $23,903,891.54 4.17%
OHIO $21,214,533.74 3.70%
LOUISIANA $17,774,078.03 3.10%
ILLINOIS $13,716,868.79 2.39%
WASHINGTON $13,557,870.79 2.36%
GEORGIA $13,508,666.38 2.36%
MASSACHUSETTS $13,387,883.40 2.33%
COLORADO $11,176,653.78 1.95%
INDIANA $10,896,440.24 1.90%
TENNESSEE $9,909,423.55 1.73%
VIRGINIA $9,703,706.67 1.69%
MICHIGAN $8,867,610.12 1.55%
CONNECTICUT $7,075,753.92 1.23%
ALASKA $6,549,998.22 1.14%
NORTH CAROLINA $6,426,030.15 1.12%
KENTUCKY $5,885,170.48 1.03%
OREGON $5,257,985.37 0.92%
MISSOURI $5,203,714.49 0.91%
ALABAMA $4,984,469.77 0.87%
SOUTH CAROLINA $4,931,598.91 0.86%
OKLAHOMA $4,847,038.39 0.85%
MISSISSIPPI $4,669,758.46 0.81%
MARYLAND $4,625,971.55 0.81%
NEVADA $4,597,231.57 0.80%
ARIZONA $4,541,888.24 0.79%
WEST VIRGINIA $4,445,965.16 0.78%
NEW HAMPSHIRE $3,682,312.53 0.64%
WISCONSIN $3,511,062.78 0.61%
ARKANSAS $3,208,709.06 0.56%
UTAH $2,861,733.42 0.50%
HAWAII $2,710,534.64 0.47%
IDAHO $2,416,137.90 0.42%
MINNESOTA $1,953,312.80 0.34%
KANSAS $1,823,957.19 0.32%
NEBRASKA $1,765,202.75 0.31%
DISTRICT OF COLUMBIA $1,184,897.73 0.21%
MAINE $1,050,240.21 0.18%
IOWA $586,965.98 0.10%
RHODE ISLAND $507,079.70 0.09%
MONTANA $429,370.51 0.07%
WYOMING $236,071.15 0.04%
SOUTH DAKOTA $134,338.80 0.02%
DELAWARE $16,486.29 0.00%
NEW MEXICO $12,630.28 0.00%
VERMONT $405.96 0.00%
Total: $573,388,457.05 (1) 100.00%
</TABLE>
(1) Includes $2,539,939.05 of loan commitments
<PAGE> 4
LOAN LOSS EXPERIENCE (1)
(DOLLARS IN THOUSANDS)
IDENTIFIED PORTFOLIO
<TABLE>
<CAPTION>
EIGHT MONTHS
ENDED AUGUST 31 YEAR ENDED DECEMBER 31
2000 1999 1999 1998 1997
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Average Outstanding Principal Balance (2) $532,248 $529,681 $527,470 $536,913 $562,229
Gross Charge-Offs 1,315 1,815 2,756 3,010 1,002
Recoveries 617 823 1,185 804 102
Net Charge-Offs 698 992 1,571 2,206 900
Net Charge Offs as a Percentage of Average 0.20% (3) 0.28% (3) 0.30% 0.41% 0.16%
Aggregate Outstanding Principal Balance
</TABLE>
(1) A loan is generally written off to the extent it is uncollected 270 days
after the effective date of cancellation of the related insurance policy.
(2) Based on the average beginning of the month balances.
(3) Calculated on an annualized basis.
<PAGE> 5
LOAN DELINQUENCY EXPERIENCE FOLLOWING CANCELLATION
IDENTIFIED PORTFOLIO
<TABLE>
<CAPTION>
AT AUGUST 31, AT DECEMBER 31,
2000 1999 1999 1998 1997
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Number of days a loan remains overdue after
cancellation of the related insurance policy
31-89 days 0.12% 0.54% 0.95% 1.25% 1.17%
90-270 days 0.38% 0.68% 0.69% 0.91% 0.93%
Over 270 days (1) 0.00% 0.00% 0.00% 0.00% 0.00%
---- ---- ---- ---- ----
Total 0.50% 1.22% 1.64% 2.16% 2.10%
==== ==== ==== ==== ====
</TABLE>
(1) A loan is generally written off to the extent it is uncollected 270 days
after the effective date of cancellation of the related insurance policy.
<PAGE> 6
ORIGINATORS' PORTFOLIO YIELD
IDENTIFIED PORTFOLIO
(DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
EIGHT MONTHS
ENDED AUGUST 31, YEAR ENDED DECEMBER 31,
2000 1999 1999 1998 1997
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Average Month Principal Balance (1) $532,248 $529,681 $527,470 $536,913 $562,229
Interest & Fee Income 38,075 36,694 53,879 60,676 63,462
Average Revenue Yield on Outstanding 10.73% (3) 10.39% (3) 10.21% 11.30% 11.29%
Principal Balance Receivables (2)
</TABLE>
(1) Based on the average beginning of the month balances.
(2) Line 2 divided by line 1.
(3) Calculated on an annualized basis.
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