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Previous: MELLON BANK PREMIUM FINANCE LOAN MASTER TRUST, 8-K, 2001-01-10 |
Next: ANKER COAL GROUP INC, 8-K, 2001-01-10 |
<PAGE> 1
AFCO AGGREGATE RECEIVABLES BALANCE BY AMOUNT - IDENTIFIED PORTFOLIO
AS OF OCTOBER 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 17,451 62.85% $30,095,176.61 5.53%
2. 5,000 - 10,000 3,805 13.70% $26,880,268.66 4.94%
3. 10,000 - 25,000 3,282 11.82% $51,577,145.71 9.48%
4. 25,000 - 50,000 1,452 5.23% $50,900,170.15 9.35%
5. 50,000 - 75,000 571 2.06% $34,736,669.42 6.38%
6. 75,000 - 100,000 287 1.03% $24,716,271.13 4.54%
7. 100,000 - 250,000 580 2.09% $87,734,090.01 16.12%
8. 250,000 - 500,000 194 0.70% $66,902,728.26 12.29%
9. 500,000 - 1,000,000 85 0.31% $60,581,143.70 11.13%
10. 1,000,000 - 5,000,000 55 0.20% $98,353,058.30 18.07%
11. Over 5,000,000 2 0.01% $11,688,739.47 2.15%
Total: 27,764 $544,165,461.42 (1)
</TABLE>
(1) Includes $680,370.17 of loan commitments
<PAGE> 2
AFCO COMPOSITION OF RECEIVABLES BY REMAINING INSTALLMENT
TERM - IDENTIFIED PORTFOLIO
AS OF OCTOBER 31, 2000
<TABLE>
<CAPTION>
REMAINING NUMBER OF ACCTS PERCENT AGGREGATE PERCENT OF
INSTALLMENT TERM OF NUMBER OF RECEIVABLES AGGREGATE
ACCTS BALANCE RECEIVABLES
BALANCE
<S> <C> <C> <C> <C>
03 Months or Less 11,105 40.00% $73,426,069.02 13.49%
04 to 06 Months 9,695 34.92% $178,038,740.73 32.72%
07 to 09 Months 6,594 23.75% $208,516,614.61 38.32%
10 to 12 Months 224 0.81% $53,931,048.52 9.91%
13 to 18 Months 79 0.28% $12,883,489.74 2.37%
More than 18 Months 67 0.24% $17,369,498.80 3.19%
Total: 27,764 $544,165,461.42 (1)
</TABLE>
(1) Includes $680,370.17 of loan commitments
<PAGE> 3
AFCO GEOGRAPHIC CONCENTRATION - IDENTIFIED PORTFOLIO
AS OF OCTOBER 31, 2000
<TABLE>
<CAPTION>
STATES AGGREGATE RECEIVABLES BALANCE PERCENTAGE OF AGGREGATE
RECEIVABLES BALANCE
<S> <C> <C>
CALIFORNIA $115,539,546.95 21.23%
TEXAS $62,023,578.38 11.40%
NEW YORK $40,417,330.53 7.43%
PENNSYLVANIA $32,510,089.08 5.97%
FLORIDA $28,860,573.86 5.30%
OHIO $22,168,199.06 4.07%
NEW JERSEY $19,164,935.25 3.52%
LOUISIANA $15,167,932.35 2.79%
WASHINGTON $14,367,374.02 2.64%
ILLINOIS $13,918,335.90 2.56%
GEORGIA $12,923,235.30 2.37%
MICHIGAN $12,468,937.01 2.29%
MASSACHUSETTS $12,436,600.46 2.29%
TENNESSEE $11,527,618.98 2.12%
COLORADO $9,038,229.16 1.66%
VIRGINIA $9,036,328.60 1.66%
KANSAS $8,067,516.52 1.48%
CONNECTICUT $7,052,146.63 1.30%
OREGON $6,797,923.98 1.25%
MISSOURI $6,489,399.02 1.19%
ALASKA $6,007,295.58 1.10%
WEST VIRGINIA $5,584,816.61 1.03%
KENTUCKY $5,491,744.97 1.01%
ALABAMA $5,214,604.96 0.96%
NEVADA $5,059,270.50 0.93%
INDIANA $4,928,638.24 0.91%
MISSISSIPPI $4,739,304.66 0.87%
NORTH CAROLINA $4,647,407.89 0.85%
IDAHO $4,573,112.61 0.84%
MARYLAND $4,296,034.36 0.79%
ARIZONA $4,111,616.28 0.76%
OKLAHOMA $3,765,765.47 0.69%
SOUTH CAROLINA $3,246,264.08 0.60%
MINNESOTA $3,228,706.91 0.59%
ARKANSAS $3,073,520.90 0.56%
UTAH $2,896,550.99 0.53%
WISCONSIN $2,517,510.39 0.46%
NEW HAMPSHIRE $2,465,605.81 0.45%
HAWAII $2,345,410.71 0.43%
NEBRASKA $1,806,934.19 0.33%
DISTRICT OF COLUMBIA $1,110,765.97 0.20%
MAINE $1,040,665.88 0.19%
IOWA $574,447.10 0.11%
MONTANA $532,632.63 0.10%
RHODE ISLAND $406,534.87 0.07%
WYOMING $366,425.32 0.07%
SOUTH DAKOTA $131,299.67 0.02%
DELAWARE $16,486.29 0.00%
NEW MEXICO $6,315.14 0.00%
NORTH DAKOTA $3,941.40 0.00%
VERMONT - -
Total: $544,165,461.42 (1) 100.00%
</TABLE>
(1) Includes $680,370.17 of loan commitments
<PAGE> 4
LOAN LOSS EXPERIENCE (1)
(DOLLARS IN THOUSANDS)
IDENTIFIED PORTFOLIO
<TABLE>
<CAPTION>
TEN MONTHS
ENDED OCTOBER 31, YEAR ENDED DECEMBER 31,
2000 1999 1999 1998 1997
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Average Outstanding Principal Balance (2) $533,505 $528,903 527,470 $536,913 $562,229
Gross Charge-Offs 1,646 2,288 2,756 3,010 1,002
Recoveries 701 991 1,185 804 102
Net Charge-Offs 945 1,297 1,571 2,206 900
Net Charge Offs as a Percentage 0.21% (3) 0.29% (3) 0.30% 0.41% 0.16%
of Average 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 OCTOBER 31, AT DECEMBER 31,
Number of days a loan remains
overdue after cancellation of the
related insurance policy
2000 1999 1999 1998 1997
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
31-89 days 0.78% 0.82% 0.95% 1.25% 1.17%
90-270 days 0.68% 0.60% 0.69% 0.91% 0.93%
Over 270 days (1) 0.00% 0.00% 0.00% 0.00% 0.00%
----- ----- ----- ----- -----
Total 1.46% 1.42% 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>
TEN MONTHS
ENDED OCTOBER 31, YEAR ENDED DECEMBER 31,
2000 1999 1999 1998 1997
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Average Month Principal Balance (1) $533,505 $528,903 $527,470 $536,913 $562,229
Interest & Fee Income 47,992 45,329 53,879 60,676 63,462
Average Revenue Yield on 10.79% (3) 10.28% (3) 10.21% 11.30% 11.29%
Outstanding 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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