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Pastimes : Triffin's Market Diary -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (28)	4/19/1999 11:10:00 AM
From: Triffin	Read Replies (1) \| Respond to of 870

SECTOR: I-NET BANKING/FINANCIAL SERVICES Every bank in the country will over the next two years be announcing their internet initiatives. The key to profits will be to differentiate between banks offering "on-line banking" as a customer service and "all internet banks" or "branchless" banks utilizing the internet as a means to facilitate asset growth. We want our $$$$ on the latter category. NTBK @ 175 8.6 mm shs / 6.9 mm shs assets = 500 million mcap = 1505 million ratio = 3.01X key feature = branchless bank, first to go all i-net TBFC @ 90 1/2 16 mm shs / 4.5 mm shs assets = 2300 million mcap = 1445 million ratio = 0.62X key feature = branchless bank, first to go all i-net ATLB @ 21 4.06 mm shs / 4.00 mm shs assets = 473 million mcap = 85 million ratio = 0.18X key feature = Dolphin Capital's Powerlease program, a high margin i-net enabled business, and announced 4Q i-net banking initiative. CWBC @ 9 1/2 5.9 mm shs / 2.8 mm shs assets = 313 million mcap = 56 million ratio = 0.18X key feature = Asset growth rate of 44%, Electronic Paycheck Card initiative, Access West i-net banking solution. BUSE @ 18 3/4 13.2 mm shs / 7.90 mm shs assets = 958 million mcap = 247 million ratio = 0.25X key feature = Busey Investment Group with 1135 million AUM Busey Travel, Busey Insurance Services, Busey e-bank busey.com USAB @ 10 7/8 2.23 mm shs / 1.40 mm shs assets = 185 million mcap = 21 million ratio = 0.11X key feature = national i-net bank, national i-net brokerage 3Q roll-out usabanc.com IBCA @ 11 1/2 3.54 mm shs / 1.00 mm shs assets = 200 million mcap = 46 million ratio = 0.23X key feature = national i-net bank intervestnatbank.com SPECIALIZED FINANCIAL SERVICES BTOB @ 17 3/4 14.2 mm shs / 8.50 mm shs assets = 427 million mcap = 252 million ratio = 0.59X key feature = originates, sells, services small ticket equipment leases, business to business i-net bank with Q4 roll-out ABFI @ 14 3.53 mm shs / 1.50 mm shs assets = 311 million mcap = 49 million ratio = 0.16X key feature = small business credit services, high margin business, and on-line home mortgages abfsonline.com uplandmortgage.com