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Previous: MELLON BANK PREMIUM FINANCE LOAN MASTER TRUST, 8-K, 2000-07-07 |
Next: PRUDENTIAL EMERGING GROWTH FUND INC, N-30D, 2000-07-07 |
<PAGE> 1
Exhibit 19.1
AFCO AGGREGATE RECEIVABLES BALANCE BY AMOUNT - IDENTIFIED PORTFOLIO
AS OF MAY 31, 2000
<TABLE>
<CAPTION>
AGGREGATE RECEIVABLES BALANCE NUMBER OF PERCENT OF AGGREGATE PERCENT OF
ACCTS NUMBER OF RECEIVABLES AGGREGATE
ACCTS BALANCE RECEIVABLES
BALANCE
<S> <C> <C> <C> <C>
1. 5,000 or less 18,045 62.61% $31,509,885.69 5.51%
2. 5,000 - 10,000 3,921 13.60% $27,926,758.37 4.88%
3. 10,000 - 25,000 3,560 12.35% $55,972,961.51 9.78%
4. 25,000 - 50,000 1,561 5.42% $54,068,860.94 9.45%
5. 50,000 - 75,000 559 1.94% $34,297,550.62 5.99%
6. 75,000 - 100,000 285 0.99% $24,631,356.72 4.30%
7. 100,000 - 250,000 555 1.93% $85,063,493.46 14.87%
8. 250,000 - 500,000 188 0.65% $65,773,279.73 11.50%
9. 500,000 - 1,000,000 76 0.26% $50,269,870.12 8.79%
10. 1,000,000 - 5,000,000 68 0.24% $125,420,027.61 21.92%
11. Over 5,000,000 3 0.01% $17,241,437.35 3.01%
Total: 28,821 $572,175,482.12 (1)
</TABLE>
(1) Includes $628,571.06 of loan commitments
-7-
<PAGE> 2
AFCO COMPOSITION OF RECEIVABLES BY REMAINING INSTALLMENT TERM -
IDENTIFIED PORTFOLIO
AS OF MAY 31, 2000
<TABLE>
<CAPTION>
REMAINING INSTALLMENT TERM NUMBER OF PERCENT AGGREGATE PERCENT OF
ACCTS OF NUMBER OF RECEIVABLES AGGREGATE
ACCTS BALANCE RECEIVABLES
BALANCE
<S> <C> <C> <C> <C>
03 Months or Less 10,502 36.44% $61,038,264.79 10.67%
04 to 06 Months 9,807 34.03% $171,814,678.61 30.03%
07 to 09 Months 8,099 28.10% $243,857,297.88 42.62%
10 to 12 Months 240 0.83% $49,885,125.68 8.72%
13 to 18 Months 81 0.28% $15,767,741.77 2.76%
More than 18 Months 92 0.32% $29,812,373.39 5.21%
Total: 28,821 $572,175,482.12 (1)
</TABLE>
(1) Includes $628,571.06 of loan commitments
-8-
<PAGE> 3
AFCO GEOGRAPHIC CONCENTRATION - IDENTIFIED PORTFOLIO
AS OF MAY 31, 2000
<TABLE>
<CAPTION>
STATES AGGREGATE RECEIVABLES PERCENTAGE OF AGGREGATE
BALANCE RECEIVABLES BALANCE
<S> <C> <C>
CALIFORNIA $131,020,466.47 22.90%
TEXAS $72,955,981.05 12.75%
NEW YORK $44,408,141.95 7.76%
FLORIDA $33,368,895.08 5.83%
PENNSYLVANIA $28,063,934.29 4.90%
NEW JERSEY $26,086,017.64 4.56%
OHIO $17,900,569.12 3.13%
WASHINGTON $13,886,255.03 2.43%
ILLINOIS $13,760,377.90 2.40%
MASSACHUSETTS $12,718,048.70 2.22%
INDIANA $11,393,352.59 1.99%
GEORGIA $11,249,587.07 1.97%
COLORADO $9,916,641.41 1.73%
VIRGINIA $9,377,926.44 1.64%
NORTH CAROLINA $9,321,191.78 1.63%
LOUISIANA $9,297,467.66 1.62%
MICHIGAN $9,211,540.13 1.61%
SOUTH CAROLINA $8,658,170.27 1.51%
UTAH $7,562,754.98 1.32%
TENNESSEE $7,458,562.32 1.30%
KENTUCKY $7,408,360.12 1.29%
ALASKA $6,159,715.84 1.08%
OREGON $6,095,641.15 1.07%
MISSISSIPPI $5,986,959.65 1.05%
CONNECTICUT $5,567,859.21 0.97%
ARIZONA $5,500,352.23 0.96%
OKLAHOMA $4,862,085.03 0.85%
MARYLAND $4,844,146.99 0.85%
MISSOURI $4,786,801.67 0.84%
WEST VIRGINIA $4,613,295.12 0.81%
ALABAMA $3,732,670.48 0.65%
NEVADA $3,414,564,79 0.60%
MINNESOTA $3,284,795.91 0.57%
ARKANSAS $3,202,386.57 0.56%
WISCONSIN $2,933,785.56 0.51%
IDAHO $2,905,967.21 0.51%
HAWAII $2,174,396.31 0.38%
NEBRASKA $2,017,563.60 0.35%
NEW HAMPSHIRE $1,078,351.30 0.19%
IOWA $962,914.70 0.17%
MAINE $893,410.87 0.16%
KANSAS $645,626.39 0.11%
RHODE ISLAND $525,498.20 0.09%
MONTANA $429,758.43 0.08%
WYOMING $326,587.75 0.06%
SOUTH DAKOTA $156,351.37 0.03%
NEW MEXICO $30,355.85 0.01%
DISTRICT OF COLUMBIA $18,991.98 0.00%
VERMONT $405.96 0.00%
Total: $572,175,482.12 100.00%
</TABLE>
(1) Includes $628,571.06 of loan commitments
-9-
<PAGE> 4
LOAN LOSS EXPERIENCE (1)
(DOLLARS IN THOUSANDS)
IDENTIFIED PORTFOLIO
<TABLE>
<CAPTION>
FIVE MONTHS
ENDED MAY 31, YEAR ENDED DECEMBER 31,
------------- -----------------------
2000 1999 1999 1998 1997
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Average Outstanding Principal $521,143 $518,921 $527,470 $536,913 $562,229
Balance (2)
Gross Charge-Offs 883 1,136 2,756 3,010 1,002
Recoveries 404 413 1,185 804 102
Net Charge-Offs 479 723 1,571 2,206 900
Net Charge Offs as a 0.22% (3) 0.33% (3) 0.30% 0.41% 0.16%
Percentage of 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.
-10-
<PAGE> 5
LOAN DELINQUENCY EXPERIENCE FOLLOWING CANCELLATION
IDENTIFIED PORTFOLIO
<TABLE>
<CAPTION>
AT MAY 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 0.28% 0.90% 0.95% 1.25% 1.17%
90-270 days 0.62% 0.76% 0.69% 0.91% 0.93%
Over 270 days (1) 0.00% 0.00% 0.00% 0.00% 0.00%
---- ---- ---- ---- ----
Total 0.90% 1.66% 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.
-11-
<PAGE> 6
ORIGINATORS' PORTFOLIO YIELD
IDENTIFIED PORTFOLIO
(DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
FIVE MONTHS
ENDED MAY 31, YEAR ENDED DECEMBER 31,
------------- ----------------------
2000 1999 1999 1998 1997
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Average Month Principal Balance (1) $521,143 $518,921 $527,470 $536,913 $562,229
Interest & Fee Income 23,200 22,719 53,879 60,676 63,462
Average Revenue Yield on Outstanding 10.68% (3) 10.51% (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
-12-
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