PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Delaware National Bank

Georgetown, DE · Cert 22837

FDIC

Q3 2010

$472.0MAssets
$342.2MLoans
$361.1MDeposits
$46.0MEquity
Loan mix
94%RE $263.5M5%C&I $14.5M0%Consumer $1.3MQ4 2008Q3 2010
Deposit mix
82%Interest-bearing $294.7M18%Noninterest $66.4MQ4 2008Q3 2010

Executive Summary

  • Earnings: ROA of 0.92%, up 89 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.52%.
  • Funding: loans stand at 94.75% of deposits as of Q3 2010.

Return on Assets (YTD, annualized)

0.92%+89 bps YoY

Net Interest Margin (YTD, annualized)

3.45%+74 bps YoY

Efficiency Ratio (YTD, annualized)

58.82%-836 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.69%Q3 ’084.64%Q3 ’094.71%Q3 ’10-20%+27%

Non-interest income vs. expense

2.63%Q3 ’082.59%Q3 ’092.75%Q3 ’10+12%+6%

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets0.63%-0.12%-0.16%0.04%10.20%10.54%0.82%0.92%+89 bps
Return on Equity7.25%-1.39%-1.90%0.44%2.42%6.01%8.97%9.90%+947 bps
Net Interest Margin3.23%2.81%2.80%2.71%2.83%3.23%3.44%3.45%+74 bps
Efficiency Ratio56.51%67.11%67.58%67.18%65.80%61.02%58.71%58.82%-836 bps
Non-Interest Burden1.37%1.61%1.59%1.53%1.55%1.64%1.62%1.62%+9 bps
Growth
Asset Growth (YoY)2.33%7.35%10.24%4.60%3.77%-7.02%-8.48%-7.58%-1,218 bps
Loan Growth (YoY)6.59%3.48%1.46%-3.03%-6.02%-4.95%-4.54%-0.09%+294 bps
Deposit Growth (YoY)26.04%37.71%40.71%27.50%9.80%-1.36%-3.65%-2.74%-3,024 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.36%1.10%0.81%0.84%0.78%0.21%0.29%1.52%+69 bps
Allowance / Loans1.42%1.91%2.43%2.55%2.65%2.86%2.85%1.96%-59 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital11.26%11.07%10.79%11.34%11.92%12.44%12.87%12.87%+152 bps
Equity / Assets8.74%8.10%7.84%8.11%8.62%9.26%9.71%9.76%+165 bps
Liquidity & Funding
Loans / Deposits112.53%98.50%95.20%92.24%96.31%94.91%94.32%94.75%+251 bps
Liquid Assets / Assets0.00%0.00%0.15%0.08%0.10%0.02%0.11%0.05%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a