39  CONSOLIDATED STATEMENT OF CONDITION AND KEY RATIOS    
            Thrift Banking System         
            as of end of periods indicated        
            in billion pesos        
Selected Accounts    Jan-11 Feb-11 Mar-11
 
   Asset Accounts  589.075 596.214 569.320
 
  Cash and Due from Banks 66.198 69.511 60.262
Financial Assets, Excl of  Equity Investments in Subs., Assoc. and Joint Vent (Net of Amortization) 114.845 110.905 110.644
Financial Assets Held for Trading (HFT) 7.217 8.081 8.024
Financial Assets Designated at Fair Value through Profit or Loss - Debt Sect 0.245 0.189 0.139
AFS Financial Assets, Net of Amortization  63.797 57.198 59.956
     AFS Debt Securities 62.084 54.900 57.805
     Unamortized Discount/Premium 1.492 2.078 1.932
     AFS-Debt Securities Net of Amortization 63.576 56.978 59.737
     AFS-Equity Securities 0.221 0.220 0.220
Held-to-Maturity (HTM) Financial Assets 31.702 33.869 30.929
Unamortized Discount/Premium 0.840 0.784 0.810
HTM Financial Assets - Net of Amortization 32.542 34.654 31.739
Unquoted Debt Securities Classified as Loans 11.030 10.753 10.746
Unamortized Discount/Premium (0.163) (0.154) (0.147)
Unquoted Debt Securities Classified as Loans -Net of Amortization 10.867 10.598 10.599
Investment in Non-Markeatable Equity Securities (INMES) 0.178 0.186 0.186
Accumulated Market Gain (Losses) -Financial Assets (0.506) (0.947) (0.336)
Allowance for Credit Losses-Financial Assets 0.592 0.592 0.592
Allowance for Credit Losses-AFS  0.123 0.123 0.123
Allowance for Credit Losses-HTM 0.007 0.007 0.007
Allowance for Credit Losses-Unquoted Debt Securities Classified as Loans 0.382 0.382 0.382
Allowance for Credit Losses- INMES 0.080 0.080 0.080
Financial Assets -Net of Allowance for Credit Losses 113.748 109.366 109.716
Equity Investments In Subsidiaries, Assoc. & Joint Vent. 4.098 4.091 4.046
Allowance for Credit Losses-Equity Investment in Subsidiaries, Assoc. and Joint Vent 0.252 0.252 0.216
Equity Investments In Subsidiaries, Assoc. & Joint Vent.(Net of Allow. For Credit Losses) 3.846 3.840 3.830
Total Loan Portfolio, gross (net of amortization) 345.554 352.723 354.660
Loans and Receivables, gross (net of amortization) 329.471 331.436 331.618
      Loans to Bangko Sentral ng Pilipinas 0.000 0.000 0.000
      Interbank Loans Receivable  5.071 5.256 5.950
    Loans and Receivables -Others 334.931 336.882 336.523
Unamortized Discount and Other Deferred Credits 10.531 10.702 10.855
    Loans and Receivables - Others - Net of Amortization 324.400 326.180 325.669
Loans and Receivables Arising from Repurchase Agreements, Certificates of Assignment/Participation with Recourse, and Securities Lending and Borrowing Transactions 16.083 21.287 23.042
Allowance for Credit Losses-Loans 16.790 16.983 16.645
Allowance for Credit Losses-Interbank Loans Receivable 0.000 0.000 0.000
Allowance for Credit Losses-Loans and Receivables -Other 13.790 13.976 13.603
Allowance for Credit Losses-LRARA 0.000 0.000 0.000
General Loan Loss Provision (GLLP) 3.000 3.007 3.042
Total Loan Portfolio, Net of Allowance for Credit Losses 328.764 335.739 338.016
Total ROPA 31.673 32.105 24.769
Sales Contract Receivable 5.386 5.463 5.374
Non-Current Assets Held for Sale 2.197 2.415 1.989
Real and Other Properties Acquired 24.090 24.226 17.405
Accumulated Depreciation 1.363 1.373 1.191
Unamortized Discount and Other Deferred Credits 0.120 0.120 0.111
  Allowance for Losses - ROPA 1.903 1.902 1.489
  Allowance for Credit Losses- Sales Contract Receivable 0.073 0.082 0.081
  Allowance for Losses -Real and Other Properties Acquired 1.487 1.477 1.408
  Allowance for Credit Losses -Non Current Assets held for Sale 0.343 0.343 0.385
  ROPA, Net of Allowance for Losses 28.286 28.710 21.978
  Total Other Assets, Net 48.234 49.048 35.518
  Derivatives with Positive Fair Value Held for Hedging 0.090 0.069 0.074
Revaluation of Hedged Assets in Portfolio Hedge of Interest Rate Risk 0.000 0.000 0.000
Goodwill 0.826 0.829 0.828
 Allowance for Losses 0.000 0.000 0.000
Goodwill - Net 0.826 0.829 0.828
Accrued Interest Income from Financial Assets 5.626 5.545 5.167
Allowance for Credit Losses 1.623 1.605 1.314
Accrued Interest Income from Financial Assets, net 4.003 3.940 3.853
Bank Premises, Furniture, Fixture and Equipment 19.375 19.555 18.722
Accumulated Depreciation 7.924 8.053 7.419
Allowance for Losses 0.042 0.042 0.042
Bank Premises, Furniture, Fixture and Equipment - Net 11.409 11.461 11.261
Other Intangible Assets 0.982 0.993 1.013
Accumulated Amortization 0.196 0.202 0.207
Allowance for Losses 0.000 0.000 0.000
Other Intangible Assets, net 0.785 0.791 0.806
Deferred Tax Asset 4.271 4.305 4.339
Due from FCDU/RBU 0.000 0.000 0.000
Other Assets 28.194 28.935 15.592
Allowance for Losses 1.346 1.283 1.236
Other Assets - Net 26.849 27.652 14.356
LIABILITIES AND CAPITAL 589.075 596.214 569.320
Liability Accounts 523.176 530.257 502.908
Financial Liabilities Held for Trading 0.051 0.023 0.024
Financial Liabilities Designated at Fair Value through Profit or Loss 0.000 0.000 0.000
Deposit Liabilities 476.729 484.012 465.517
Peso 425.718 432.797 415.262
Demand & NOW 46.143 46.437 45.020
Savings Deposits 149.248 148.404 132.933
Time Certificate of Deposits  230.327 237.956 237.308
LTNCD 0.000 0.000 0.000
Foreign Currency 51.011 51.215 50.255
Bills Payable 18.488 16.468 13.324
Deposit Substitutes  0.000 0.000 0.000
Others 18.488 16.468 13.324
Special Financing  0.000 0.000 0.000
Time Certificate of Deposits  - SF 0.000 0.000 0.000
Special Time Deposits 0.000 0.000 0.000
Unsecured Subordinated Debt 1.810 1.810 1.810
Unamortized Debt Discount/Premium 0.000 0.000 0.000
Unsecured Subordinated Debt - Net 1.810 1.810 1.810
Redeemable Preferred Shares 0.121 0.121 0.121
Total Other Liabilities 25.978 27.824 22.113
Due to Other Banks 0.001 0.001 0.000
Bonds Payable 0.000 0.000 0.000
Unamortized Bond Discount/Premium 0.000 0.000 0.000
Bonds Payable - Net 0.000 0.000 0.000
Financial Liabilities Associated with Transferred Assets 0.000 0.000 0.000
Derivatives with Negative Fair Value Held for Hedging 0.000 0.000 0.000
Revaluation of Hedged Liabilities in Portfolio Hedge of Interest Rate Risk 0.000 0.000 0.000
Accrued Interest Expense on Financial Liabilities 4.693 4.649 2.035
Finance Lease Payment Payable 0.000 0.000 0.000
Due to Treasurer of the Philippines 0.057 0.058 0.054
Treasurer/Cashier/Manager's Checks 2.395 2.922 2.740
Payment Orders Payable 0.050 1.025 0.043
Margin Deposits on LCs and Customers' Liability on Bills/Drafts under LCs and/or TRs 0.000 0.000 0.000
Cash Letters of Credit 0.000 0.000 0.000
Outstanding Acceptances Executed by or for Account of this Bank 0.056 0.029 0.031
Due to Bangko Sentral ng Pilipinas 0.014 0.027 0.038
Due to Philippine Deposit Insurance Corporation 0.714 0.730 0.049
Due to Philippine Crop Insurance Corporation 0.000 0.000 0.000
Income Tax Payable 0.473 0.558 0.607
Other Taxes and Licenses Payable 0.292 0.325 0.322
Accrued Expenses 2.725 2.830 2.623
Unearned Income  1.292 1.285 1.243
Deferred Tax Liabilities 0.051 0.051 0.051
Provisions 0.045 0.047 0.048
Other Liabilities 13.120 13.287 12.228
Due to Head Office/Branches/Agencies (Philippine branch of a foreign bank) 0.000 0.000 0.000
Due to FCDU/RBU 0.000 0.000 0.000
Capital Accounts 65.899 65.957 66.412
Paid in Capital Stock 43.797 43.979 39.277
Additional Paid-in Capital 5.685 5.685 5.685
Other Equity Instruments 0.000 0.000 0.000
Retained Earnings 15.472 15.606 19.002
Stock Dividend Distributable 0.075 0.075 0.146
Undivided Profits 0.606 0.783 1.865
Other Comprehensive Income (0.554) (0.988) (0.381)
Appraisal Increment Reserve 0.830 0.830 0.830
Treasury Stock (0.013) (0.013) (0.013)
Assigned Capital 0.000 0.000 0.000
Net Due to HO/Br/Ag 0.000 0.000 0.000
Key  Ratios
Cash and Due from Banks to Deposits                         13.89                        14.36                         12.95
Liquid Assets to Deposits 1/                         37.75                        36.96                         36.51
Loans, gross to Deposits                         72.48                        72.87                         76.19
Capital Adequacy Ratio (CAR) 2/
Solo Basis                         16.11
Consolidated Basis                         16.11
Total Capital Accounts to Total Assets 3/                         11.21                        11.08                         11.69
1/ Ratio of Liquid Assets (Cash and Due from Banks + Financial Assets, Net of Allowance for Credit Losses) to Total Deposits
2/ Based on the framework under Circular No. 280 dated 29 March 2001 which was formally adopted on 1 July 2001.  Effective 1 July 2003, the CARs of Universal and Commercial Banks (U/KBs), are based on combined credit and market risks under Circular No. dated 3 December 2002. The capital adequacy framework, covering U/KBs and their subsidiary banks and quasi-banks, was revised under Circular  No. 538 dated 2 June 2006 and was formally adopted on 1 July 2007.  The CAR computation for Thrift Banks, Rural and Cooperative Banks and Quasi-Banks that are not subsidiaries of U/KBs continue to be governed by Circular No. 280 and Circular No. 400 dated 1 September 2003.
3/ Ratio of  Total Capital Accounts ( for ratio analysis  consists of Total Capital Accounts + Redeemable Preferred Shares) to Total Assets
Note: Details may not add up to totals due to rounding-off
Source : Supervisory Data Center, Supervision and Examination Sector
Updated as of 21 November 2011