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North Fork Bank

Mattituck, NY · Cert 15985

FDIC

Q2 2007

$53.6BAssets
$33.6BLoans
$38.1BDeposits
$13.7BEquity
Loan mix
82%RE $25.4B18%C&I $5.7B0%Consumer $0.1BQ2 2006Q2 2007
Deposit mix
81%Interest-bearing $30.7B19%Noninterest $7.4BQ2 2006Q2 2007

NIM

4.61%Q2 ’055.03%Q2 ’064.89%Q2 ’07-1%-8%

Non-interest income vs. expense

1.59%Q2 ’051.66%Q2 ’062.30%Q2 ’07-12%+194%

Executive Summary

  • Earnings: ROA of 0.84%, down 83 bps year over year; NIM at 2.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 88.35% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

0.84%-83 bps YoY

Net Interest Margin (quarter, annualized)

2.82%-24 bps YoY

Efficiency Ratio (quarter, annualized)

54.97%+1,725 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.67%1.47%-4.41%0.82%0.84%-83 bps
Return on Equity9.92%8.64%-21.03%3.23%3.24%-668 bps
Net Interest Margin3.06%2.87%-7.92%2.79%2.82%-24 bps
Efficiency Ratio37.72%43.00%61.50%55.40%54.97%+1,725 bps
Non-Interest Burden0.49%0.62%-1.23%1.46%1.44%+95 bps
Growth
Asset Growth (YoY)-1.64%1.81%1.45%-5.33%-8.94%-731 bps
Loan Growth (YoY)4.97%9.20%7.02%-8.47%-17.10%-2,207 bps
Deposit Growth (YoY)-1.71%-0.79%4.74%3.00%4.65%+636 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.05%-0.09%0.09%0.11%+5 bps
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital12.39%13.07%12.11%12.89%11.87%-52 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits111.54%112.54%106.44%91.99%88.35%-2,318 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a