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Previous: MELLON BANK PREMIUM FINANCE LOAN MASTER TRUST, 8-K, 2000-06-12 |
Next: CARDIMA INC, 424B4, 2000-06-12 |
<PAGE> 1
AFCO AGGREGATE RECEIVABLES BALANCE BY AMOUNT - IDENTIFIED PORTFOLIO
AS OF APRIL 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 18,166 62.81% $31,806,949.70 5.49%
2. 5,000 - 10,000 3,890 13.45% $27,607,108.91 4.77%
3. 10,000 - 25,000 3,556 12.30% $55,524,859.73 9.58%
4. 25,000 - 50,000 1,575 5.45% $54,555,309.26 9.42%
5. 50,000 - 75,000 533 1.84% $32,562,321.25 5.62%
6. 75,000 - 100,000 303 1.05% $26,128,208.07 4.51%
7. 100,000 - 250,000 557 1.93% $85,494,904.58 14.76%
8. 250,000 - 500,000 186 0.64% $64,265,446.60 11.09%
9. 500,000 - 1,000,000 94 0.33% $61,574,211.73 10.63%
10. 1,000,000 - 5,000,000 59 0.20% $119,836,002.42 20.68%
11. Over 5,000,000 3 0.01% $20,016,063.27 3.45%
Total: 28,922 $579,371,385.52 (1)
</TABLE>
(1) Includes $943,635.14 of loan commitments
-7-
<PAGE> 2
AFCO COMPOSITION OF RECEIVABLES BY REMAINING INSTALLMENT TERM -
IDENTIFIED PORTFOLIO AS OF APRIL 30, 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 10,867 37.57% $60,563,119.18 10.45%
04 to 06 Months 9,385 32.45% $168,574,122.45 29.10%
07 to 09 Months 8,229 28.45% $221,010,608.61 38.15%
10 to 12 Months 254 0.88% $74,244,909.70 12.81%
13 to 18 Months 93 0.32% $23,272,969.48 4.02%
More than 18 Months 94 0.33% $31,705,656.10 5.47%
Total: 28,922 $579,371,385.52 (1)
</TABLE>
(1) Includes $943,635.14 of loan commitments
-8-
<PAGE> 3
AFCO GEOGRAPHIC CONCENTRATION - IDENTIFIED PORTFOLIO
AS OF APRIL 30, 2000
<TABLE>
<CAPTION>
STATES AGGREGATE RECEIVABLES PERCENTAGE OF AGGREGATE
BALANCE RECEIVABLES BALANCE
<S> <C> <C>
CALIFORNIA $119,431,289.99 20.61%
TEXAS $75,879,990.41 13.10%
NEW YORK $44,841,158.29 7.74%
PENNSYLVANIA $32,468,242.67 5.60%
FLORIDA $31,421,121.60 5.42%
OHIO $29,267,832.00 5.05%
NEW JERSEY $27,114,749.70 4.68%
ILLINOIS $15,594,301.73 2.69%
WASHINGTON $12,941,131.02 2.23%
MASSACHUSETTS $12,628,542.26 2.18%
GEORGIA $11,965,715.89 2.07%
INDIANA $11,960,444.14 2.06%
LOUISIANA $10,932,162.05 1.89%
MICHIGAN $10,653,148.25 1.84%
COLORADO $9,899,375.77 1.71%
NORTH CAROLINA $9,682,652.96 1.67%
TENNESSEE $7,704,342.57 1.33%
UTAH $7,588,618.45 1.31%
VIRGINIA $7,333,103.42 1.27%
OREGON $7,230,037.35 1.25%
CONNECTICUT $6,259,400.71 1.08%
MISSISSIPPI $6,161,173.25 1.06%
ALASKA $5,954,774.52 1.03%
MISSOURI $5,795,038.63 1.00%
SOUTH CAROLINA $5,754,623.62 0.99%
ARIZONA $5,688,717.07 0.98%
MARYLAND $5,090,746.69 0.88%
OKLAHOMA $4,474,945.86 0.77%
WEST VIRGINIA $4,211,320.66 0.73%
ALABAMA $4,180,343.69 0.72%
KENTUCKY $3,968,864.05 0.69%
MINNESOTA $3,889,540.53 0.67%
WISCONSIN $3,543,444.37 0.61%
ARKANSAS $3,287,723.82 0.57%
IDAHO $3,090,723.14 0.53%
HAWAII $2,449,303.28 0.42%
NEBRASKA $2,228,906.57 0.38%
NEVADA $2,171,010.71 0.37%
NEW HAMPSHIRE $1,196,879.07 0.21%
IOWA $945,552.95 0.16%
MAINE $717,363.94 0.12%
RHODE ISLAND $469,466.86 0.08%
MONTANA $390,749.85 0.07%
WYOMING $389,046.07 0.07%
KANSAS $371,801.48 0.06%
SOUTH DAKOTA $163,089.33 0.03%
VERMONT ($11,125.72) 0.00%
Total: $579,371,385.52 (1) 100.00%
</TABLE>
(1) Includes $943,635.14 of loan commitments
-9-
<PAGE> 4
LOAN LOSS EXPERIENCE (1)
(DOLLARS IN THOUSANDS)
IDENTIFIED PORTFOLIO
<TABLE>
<CAPTION>
FOUR MONTHS
ENDED APRIL 30, YEAR ENDED DECEMBER 31,
-------------------------- -----------------------------------
2000 1999 1999 1998 1997
-------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C>
Average Outstanding Principal $510,590 $519,811 $527,470 $536,913 $562,229
Balance (2)
Gross Charge-Offs 667 1,014 2,756 3,010 1,002
Recoveries 341 297 1,185 804 102
Net Charge-Offs 326 717 1,571 2,206 900
Net Charge Offs as a 0.19% (3) 0.41% (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 APRIL 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 0.66% 0.87% 0.95% 1.25% 1.17%
90-270 days 0.72% 0.78% 0.69% 0.91% 0.93%
Over 270 days (1) 0.00% 0.00% 0.00% 0.00% 0.00%
---- ---- ---- ---- ----
Total 1.38% 1.65% 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>
FOUR MONTHS
ENDED APRIL 30, YEAR ENDED DECEMBER 31,
--------------- ----------------------
2000 1999 1999 1998 1997
-------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C>
Average Month Principal Balance (1) $510,590 $519,811 $527,470 $536,913 $562,229
Interest & Fee Income 18,266 18,192 53,879 60,676 63,462
Average Revenue Yield on Outstanding 10.71% (3) 10.50% (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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