REG - Arbuthnot BankingSecure Trust Bank - Final Results <Origin Href="QuoteRef">ARBB.L</Origin> <Origin Href="QuoteRef">STBS.L</Origin> - Part 5

Arbuthnot BankingAnnouncement

19/03/2015 07:01

- Part 5: For the preceding part double click  ID:nRSS8401Hd 

                                 131,241                                  263,000                                 235,028            -                                
 
 
 Group                               Within 3 months  More than 3 months but less than 6 months  More than 6 months but less than 1 year  More than 1 year but less than 5 years  More than 5 years  Non interest bearing  Total      
 As at 31 December 2013              £000             £000                                       £000                                     £000                                    £000               £000                  £000       
 ASSETS                                                                                                                                                                                                                               
 Cash and balances at central banks  193,046          -                                          -                                        -                                       -                  -                     193,046    
 Loans and advances to banks         105,061          -                                          -                                        -                                       -                  -                     105,061    
 Debt securities held-to-maturity    16,423           -                                          -                                        3,043                                   -                  -                     19,466     
 Derivative financial instruments    488              -                                          -                                        -                                       -                  20                    508        
 Loans and advances to customers     394,714          56,077                                     84,819                                   220,038                                 150                (23,789)              732,009    
 Other assets                        -                -                                          -                                        -                                       -                  40,789                40,789     
 Financial investments               -                -                                          -                                        -                                       -                  1,975                 1,975      
 Total assets                        709,732          56,077                                     84,819                                   223,081                                 150                18,995                1,092,854  
 LIABILITIES                                                                                                                                                                                                                          
 Deposits from banks                 1,943            -                                          -                                        -                                       -                  60                    2,003      
 Derivative financial instruments    371              -                                          -                                        -                                       -                  -                     371        
 Deposits from customers             437,888          212,070                                    90,206                                   178,713                                 5,347              33,567                957,791    
 Other liabilities                   -                -                                          -                                        -                                       -                  33,543                33,543     
 Debt securities in issue            12,232           -                                          -                                        -                                       -                  -                     12,232     
 Equity                              -                -                                          -                                        -                                       -                  86,914                86,914     
 Total liabilities                   452,434          212,070                                    90,206                                   178,713                                 5,347              154,084               1,092,854  
 Impact of derivative instruments    (16,200)         -                                          -                                        16,200                                  -                  -                                
 Interest rate sensitivity gap       241,098          (155,993)                                  (5,387)                                  60,568                                  (5,197)            (135,089)                        
                                                                                                                                                                                                                                      
 Cumulative gap                      241,098          85,105                                     79,718                                   140,286                                 135,089            -                                
 
 
(d) Liquidity risk 
 
The current Liquidity regime came into force on the 1 October 2010. The PRA requires a firm to maintain at all times
liquidity resources which are adequate, both as to amount and quality, to ensure that there is no significant risk that its
liabilities cannot be met as they fall due. There is also a requirement that a firm ensures its liquidity resources contain
an adequate buffer of high quality, unencumbered assets (i.e. Government securities in the liquidity asset buffer); and it
maintains a prudent funding profile. The liquid assets buffer is a pool of highly liquid assets that can be called upon to
create sufficient liquidity to meet liabilities on demand, particularly in a period of liquidity stress. The liquidity
resources outside the buffer must either be marketable assets with a demonstrable secondary market that the firm can
access, or a credit facility that can be activated in times of stress. 
 
The banking entities both prepared and approved their Individual Liquidity Adequacy Assessment ("ILAA"). The liquidity
buffers required by the ILAA have all been put in place and maintained since. Liquidity resources outside of the buffer are
made up of certificates of deposit and fixed rate notes (debt securities). The Company and Group also maintain long-term
committed bank facilities. At 31 December 2014 AL had £119.8m (2013: £205.3m) and STB £122.3m (2013: £111.6m) in their
liquidity asset buffers. 
 
 The tables below show the undiscounted contractual maturity analysis of the Group's financial liabilities and assets as at 31 December 2014:  
                                                                                                                                                                                                                                                                                                                             
                                                                                                                                               Carrying amount  Gross nominal inflow/ (outflow)  Not more than 3 months  More than 3 months but less than 1 year  More than 1 year but less than 5 years  More than 5 years  
 At 31 December 2014                                                                                                                           £000             £000                             £000                    £000                                     £000                                    £000               
 Financial liability by type                                                                                                                                                                                                                                                                                                 
 Non-derivative liabilities                                                                                                                                                                                                                                                                                                  
 Deposits from banks                                                                                                                           27,657           (27,657)                         (12,627)                (15,030)                                 -                                       -                  
 Deposits from customers                                                                                                                       1,194,285        (1,227,753)                      (510,423)               (382,230)                                (299,841)                               (35,259)           
 Other liabilities                                                                                                                             12,024           (18,674)                         (17,084)                (125)                                    -                                       (1,465)            
 Debt securities in issue                                                                                                                      11,448           (13,248)                         (90)                    (270)                                    (1,440)                                 (11,448)           
 Issued financial guarantee contracts                                                                                                                           (714)                            (714)                   -                                        -                                       -                  
 Unrecognised loan commitments                                                                                                                                  (139,423)                        (139,423)               -                                        -                                       -                  
                                                                                                                                               1,245,414        (1,427,469)                      (680,361)               (397,655)                                (301,281)                               (48,172)           
                                                                                                                                                                                                                                                                                                                             
 Derivative liabilities                                                                                                                                                                                                                                                                                                      
 Risk management:                                                                                                                              1,067            -                                -                       -                                        -                                       -                  
 - Outflows                                                                                                                                                     (1,067)                          (1,067)                 -                                        -                                       -                  
                                                                                                                                               1,067            (1,067)                          (1,067)                 -                                        -                                       -                  
                                                                                                                                                                                                                                                                                                                             
                                                                                                                                               Carrying amount  Gross nominal inflow/ (outflow)  Not more than 3 months  More than 3 months but less than 1 year  More than 1 year but less than 5 years  More than 5 years  
 At 31 December 2014                                                                                                                           £000             £000                             £000                    £000                                     £000                                    £000               
 Financial asset by type                                                                                                                                                                                                                                                                                                     
 Non-derivative assets                                                                                                                                                                                                                                                                                                       
 Cash and balances at central banks                                                                                                            115,938          115,938                          115,938                 -                                        -                                       -                  
 Loans and advances to banks                                                                                                                   31,844           31,843                           31,843                  -                                        -                                       -                  
 Debt securities held-to-maturity                                                                                                              91,683           92,511                           50,832                  12,359                                   29,320                                  -                  
 Loans and advances to customers                                                                                                               1,158,983        1,353,592                        205,066                 319,221                                  800,860                                 28,445             
 Other assets                                                                                                                                  5,522            5,522                            5,522                   -                                        -                                       -                  
 Financial investments                                                                                                                         1,277            1,277                            -                       1,119                                    158                                     -                  
                                                                                                                                               1,405,247        1,600,683                        409,201                 332,699                                  830,338                                 28,445             
                                                                                                                                                                                                                                                                                                                             
 Derivative assets                                                                                                                                                                                                                                                                                                           
 Risk management:                                                                                                                              2,707            -                                -                       -                                        -                                       -                  
 - Inflows                                                                                                                                                      2,707                            1,209                   -                                        -                                       1,498              
                                                                                                                                               2,707            2,707                            1,209                   -                                        -                                       1,498              
 
 
 The tables below show the undiscounted contractual maturity analysis of the Group's financial liabilities and assets as at 31 December 2013:  
                                                                                                                                                                                                                                                                                                                             
                                                                                                                                               Carrying amount  Gross nominal inflow/ (outflow)  Not more than 3 months  More than 3 months but less than 1 year  More than 1 year but less than 5 years  More than 5 years  
 At