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Previous: MELLON BANK PREMIUM FINANCE LOAN MASTER TRUST, 8-K, 2000-09-01 |
Next: NATIONWIDE ASSET ALLOCATION TRUST, N-30D, 2000-09-01 |
<PAGE> 1
Exhibit 19.1
AFCO AGGREGATE RECEIVABLES BALANCE BY AMOUNT - IDENTIFIED PORTFOLIO
AS OF JULY 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 17,549 61.23% $30,836,533.91 5.34%
2. 5,000 - 10,000 4,107 14.33% $29,312,849.23 5.07%
3. 10,000 - 25,000 3,628 12.66% $57,102,078.08 9.88%
4. 25,000 - 50,000 1,561 5.45% $54,266,745.57 9.39%
5. 50,000 - 75,000 568 1.98% $34,530,469.03 5.97%
6. 75,000 - 100,000 296 1.03% $25,434,685.25 4.40%
7. 100,000 - 250,000 600 2.09% $90,757,364.57 15.70%
8. 250,000 - 500,000 204 0.71% $69,815,960.95 12.08%
9. 500,000 - 1,000,000 85 0.30% $58,575,780.04 10.14%
10. 1,000,000 - 5,000,000 61 0.21% $115,786,974.48 20.04%
11. Over 5,000,000 2 0.01% $11,501,464.02 1.99%
Total: 28,661 $577,920,905.13 (1)
</TABLE>
(1) Includes $2,772,149.44 of loan commitments
<PAGE> 2
AFCO COMPOSITION OF RECEIVABLES BY REMAINING INSTALLMENT TERM -
IDENTIFIED PORTFOLIO
AS OF JULY 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 10,268 35.83% $73,060,122.59 12.64%
04 to 06 Months 10,600 36.98% $176,610,178.84 30.56%
07 to 09 Months 7,365 25.70% $235,797,588.93 40.80%
10 to 12 Months 271 0.95% $51,468,377.25 8.91%
13 to 18 Months 84 0.29% $19,186,716.90 3.32%
More than 18 Months 73 0.25% $21,797,920.62 3.77%
Total: 28,661 $577,920,905.13 (1)
</TABLE>
(1) Includes $2,772,149.44 of loan commitments
<PAGE> 3
AFCO GEOGRAPHIC CONCENTRATION - IDENTIFIED PORTFOLIO
AS OF JULY 31, 2000
<TABLE>
<CAPTION>
STATES AGGREGATE RECEIVABLES PERCENTAGE OF AGGREGATE
BALANCE RECEIVABLES BALANCE
<S> <C> <C>
CALIFORNIA $113,912,795.74 19.71%
TEXAS $68,106,609.62 11.78%
NEW YORK $48,622,818.33 8.41%
PENNSYLVANIA $38,956,959.50 6.74%
FLORIDA $31,705,854.79 5.49%
NEW JERSEY $25,189,149.75 4.36%
OHIO $20,545,036.01 3.55%
LOUISIANA $17,430,719.16 3.02%
WASHINGTON $14,923,798.35 2.58%
MASSACHUSETTS $14,072,258.79 2.43%
GEORGIA $13,172,557.76 2.28%
ILLINOIS $13,119,494.66 2.27%
INDIANA $11,963,582.04 2.07%
COLORADO $11,818,130.99 2.04%
VIRGINIA $9,552,035.39 1.65%
TENNESSEE $8,968,962.17 1.55%
MICHIGAN $8,311,461.58 1.44%
KENTUCKY $7,890,113.62 1.37%
NORTH CAROLINA $7,187,224.48 1.24%
ALASKA $6,810,022.54 1.18%
CONNECTICUT $6,265,280.12 1.08%
SOUTH CAROLINA $6,205,906.66 1.07%
MISSOURI $5,475,375.50 0.95%
ARIZONA $5,371,274.75 0.93%
MISSISSIPPI $5,305,226.44 0.92%
ALABAMA $5,273,516.44 0.91%
OREGON $5,063,390.36 0.88%
MARYLAND $4,857,178.77 0.84%
WEST VIRGINIA $4,515,311.49 0.78%
WISCONSIN $4,368,205.44 0.76%
OKLAHOMA $4,163,649.08 0.72%
NEW HAMPSHIRE $4,145,126.18 0.72%
NEVADA $3,848,815.10 0.67%
ARKANSAS $3,286,997.92 0.57%
UTAH $3,038,946.09 0.53%
IDAHO $2,541,251.66 0.44%
MINNESOTA $2,360,798.24 0.41%
NEBRASKA $1,939,480.61 0.34%
HAWAII $1,908,526.93 0.33%
KANSAS $1,548,254.26 0.27%
MAINE $1,029,511.26 0.18%
DISTRICT OF COLUMBIA $1,008,922.56 0.17%
IOWA $710,115.75 0.12%
RHODE ISLAND $538,453.99 0.09%
MONTANA $460,582.12 0.08%
WYOMING $271,841.08 0.05%
SOUTH DAKOTA $141,842.34 0.02%
NEW MEXICO $17,132.76 0.00%
VERMONT $405.96 0.00%
Total: $577,920,905.13 (1) 100.00%
</TABLE>
(1) Includes $2,772,149.44 of loan commitments
<PAGE> 4
LOAN LOSS EXPERIENCE (1)
(DOLLARS IN THOUSANDS)
IDENTIFIED PORTFOLIO
<TABLE>
<CAPTION>
SEVEN MONTHS
ENDED JULY 31, YEAR ENDED DECEMBER 31,
---------------------------- -------------------------------------
2000 1999 1999 1998 1997
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Average Outstanding Principal Balance (2) $528,260 $524,627 $527,470 $536,913 $562,229
Gross Charge-Offs 1,140 1,614 2,756 3,010 1,002
Recoveries 542 658 1,185 804 102
Net Charge-Offs 598 956 1,571 2,206 900
Net Charge Offs as a Percentage of Average 0.19% (3) 0.31% (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 JULY 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 0.25% 0.66% 0.95% 1.25% 1.17%
90-270 days 0.40% 0.78% 0.69% 0.91% 0.93%
Over 270 days (1) 0.00% 0.00% 0.00% 0.00% 0.00%
----- ----- ----- ----- -----
Total 0.65% 1.44% 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>
SEVEN MONTHS
ENDED JULY 31, YEAR ENDED DECEMBER 31,
--------------------------- --------------------------------------
2000 1999 1999 1998 1997
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Average Month Principal Balance (1) $528,260 $524,627 $527,470 $536,913 $562,229
Interest & Fee Income 32,899 32,034 53,879 60,676 63,462
Average Revenue Yield on Outstanding 10.68% (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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