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Previous: MELLON BANK PREMIUM FINANCE LOAN MASTER TRUST, 8-K, 2000-08-04 |
Next: PONTOTOC PRODUCTION INC, 8-K/A, 2000-08-04 |
<PAGE> 1
Exhibit 19.1
AFCO AGGREGATE RECEIVABLES BALANCE BY AMOUNT - IDENTIFIED PORTFOLIO
AS OF JUNE 30, 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 17,799 61.91% $31,058,043.88 5.64%
2. 5,000 - 10,000 4,000 13.91% $28,447,118.27 5.17%
3. 10,000 - 25,000 3,649 12.69% $57,471,348.14 10.44%
4. 25,000 - 50,000 1,541 5.36% $53,560,867.07 9.73%
5. 50,000 - 75,000 587 2.04% $35,510,794.81 6.45%
6. 75,000 - 100,000 291 1.01% $25,066,553.78 4.55%
7. 100,000 - 250,000 571 1.99% $87,169,367.73 15.84%
8. 250,000 - 500,000 174 0.61% $59,311,416.31 10.78%
9. 500,000 - 1,000,000 77 0.27% $51,166,381.79 9.30%
10. 1,000,000 - 5,000,000 57 0.20% $109,263,703.18 19.85%
11. Over 5,000,000 2 0.01% $12,351,060.86 2.24%
Total: 28,748 $550,376,655.82 (1)
</TABLE>
(1) Includes $421,503.92 of loan commitments
<PAGE> 2
AFCO COMPOSITION OF RECEIVABLES BY REMAINING INSTALLMENT TERM -
IDENTIFIED PORTFOLIO
AS OF JUNE 30, 2000
<TABLE>
<CAPTION>
REMAINING INSTALLMENT NUMBER OF PERCENT OF AGGREGATE PERCENT OF
TERM ACCTS NUMBER OF RECEIVABLES AGGREGATE
ACCTS BALANCE RECEIVABLES
BALANCE
<S> <C> <C> <C> <C>
03 Months or Less 10,131 35.24% $60,648,257.45 11.02%
04 to 06 Months 10,456 36.37% $175,074,897.80 31.81%
07 to 09 Months 7,768 27.02% $219,009,056.30 39.79%
10 to 12 Months 235 0.82% $50,103,341.56 9.10%
13 to 18 Months 79 0.27% $17,870,710.84 3.25%
More than 18 Months 79 0.27% $27,670,391.87 5.03%
Total: 28,748 $550,376,655.82 (1)
</TABLE>
(1) Includes $421,503.92 of loan commitments
<PAGE> 3
AFCO GEOGRAPHIC CONCENTRATION - IDENTIFIED PORTFOLIO
AS OF JUNE 30, 2000
<TABLE>
<CAPTION>
STATES AGGREGATE RECEIVABLES PERCENTAGE OF AGGREGATE
BALANCE RECEIVABLES BALANCE
<S> <C> <C>
CALIFORNIA $117,116,385.38 21.28%
TEXAS $68,920,952.15 12.52%
NEW YORK $44,093,600.04 8.01%
FLORIDA $31,708,794.61 5.76%
NEW JERSEY $26,061,446.98 4.74%
PENNSYLVANIA $24,928,109.28 4.53%
OHIO $19,998,198.94 3.63%
LOUISIANA $18,801,009.76 3.42%
WASHINGTON $14,305,045.29 2.60%
GEORGIA $13,429,460.22 2.44%
MASSACHUSETTS $12,632,274.25 2.30%
ILLINOIS $12,475,850.12 2.27%
INDIANA $9,669,963.49 1.76%
COLORADO $9,096,393.37 1.65%
MICHIGAN $8,312,908.22 1.51%
NORTH CAROLINA $8,265,359.28 1.50%
TENNESSEE $7,813,315.46 1.42%
VIRGINIA $7,481,006.93 1.36%
SOUTH CAROLINA $7,421,672.30 1.35%
ALASKA $7,272,811.90 1.32%
UTAH $7,190,204.87 1.31%
KENTUCKY $6,742,378.52 1.23%
OREGON $5,812,579.09 1.06%
MISSISSIPPI $5,747,084.31 1.04%
CONNECTICUT $5,143,410.71 0.93%
ARIZONA $4,799,446.81 0.87%
MARYLAND $4,348,436.18 0.79%
WEST VIRGINIA $4,299,118.20 0.78%
OKLAHOMA $4,227,842.80 0.77%
ALABAMA $4,159,791.22 0.76%
MISSOURI $4,049,353.57 0.74%
ARKANSAS $3,391,743.51 0.62%
NEVADA $3,215,071.29 0.58%
MINNESOTA $2,828,531.33 0.51%
WISCONSIN $2,607,196.49 0.47%
IDAHO $2,587,457.48 0.47%
HAWAII $2,035,480.73 0.37%
NEBRASKA $2,000,202.41 0.36%
KANSAS $1,120,890.98 0.20%
NEW HAMPSHIRE $984,219.51 0.18%
MAINE $950,790.31 0.17%
IOWA $818,655.14 0.15%
RHODE ISLAND $530,780.34 0.10%
MONTANA $435,885.57 0.08%
WYOMING $298,245.07 0.05%
SOUTH DAKOTA $166,955.08 0.03%
DISTRICT OF COLUMBIA $58,305.15 0.01%
NEW MEXICO $21,635.22 0.00%
VERMONT $405.96 0.00%
Total: $550,376,655.82 (1) 100.00%
</TABLE>
(1) Includes $421,503.92 of loan commitments
<PAGE> 4
LOAN LOSS EXPERIENCE (1)
(DOLLARS IN THOUSANDS)
IDENTIFIED PORTFOLIO
<TABLE>
<CAPTION>
SIX MONTHS
ENDED JUNE 30, YEAR ENDED DECEMBER 31,
2000 1999 1999 1998 1997
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Average Outstanding Principal Balance (2) $527,065 $521,993 527,470 $536,913 $562,229
Gross Charge-Offs 1,026 1,377 2,756 3,010 1,002
Recoveries 465 567 1,185 804 102
Net Charge-Offs 561 810 1,571 2,206 900
Net Charge Offs as a Percentage of 0.21% (3) 0.31% (3) 0.30% 0.41% 0.16%
Average 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 JUNE 30, 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 0.26% 0.72% 0.95% 1.25% 1.17%
90-270 days 0.55% 0.76% 0.69% 0.91% 0.93%
Over 270 days (1) 0.00% 0.00% 0.00% 0.00% 0.00%
---- ---- ---- ---- ----
Total 0.81% 1.48% 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>
SIX MONTHS
ENDED JUNE 30, YEAR ENDED DECEMBER 31,
-------------- -----------------------
2000 1999 1999 1998 1997
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Average Month Principal Balance (1) $527,065 $521,993 $527,470 $536,913 $562,229
Interest & Fee Income 27,931 27,325 53,879 60,676 63,462
Average Revenue Yield on Outstanding 10.60% (3) 10.47% (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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