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New York National Bank

Bronx, NY · Cert 23713

FDIC

Q4 2009

$135.4MAssets
$66.0MLoans
$118.3MDeposits
$13.3MEquity
Loan mix
89%RE $65.2M11%C&I $8.1M0%Consumer $0.2MQ4 2008Q4 2009
Deposit mix
62%Interest-bearing $73.4M38%Noninterest $44.9MQ4 2008Q4 2009

NIM

5.59%Q4 ’074.77%Q4 ’084.86%Q4 ’09-5%+17%

Non-interest income vs. expense

4.92%Q4 ’074.77%Q4 ’085.21%Q4 ’09-7%+9%

Executive Summary

  • Earnings: ROA of -0.34%, up 25 bps year over year; NIM at 4.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.71%.
  • Funding: loans stand at 55.78% of deposits as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

-0.34%+25 bps YoY

Net Interest Margin (YTD, annualized)

4.25%+63 bps YoY

Efficiency Ratio (YTD, annualized)

86.49%-540 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-0.60%-0.75%-0.98%-0.62%-0.34%+25 bps
Return on Equity-6.75%-9.32%-12.10%-7.53%-4.01%+275 bps
Net Interest Margin3.62%3.56%3.85%4.30%4.25%+63 bps
Efficiency Ratio91.89%84.18%99.95%91.53%86.49%-540 bps
Non-Interest Burden3.62%3.27%4.23%4.25%3.93%+31 bps
Growth
Asset Growth (YoY)3.27%9.33%-0.22%-6.73%-6.57%-984 bps
Loan Growth (YoY)17.01%17.30%21.44%11.74%-10.96%-2,797 bps
Deposit Growth (YoY)4.96%11.39%-0.02%-7.41%-8.26%-1,322 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.67%2.87%1.82%1.97%1.71%+4 bps
Allowance / Loans2.05%2.16%2.25%2.17%2.85%+80 bps
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 Capital11.39%11.29%10.38%10.81%14.70%+331 bps
Equity / Assets8.42%7.70%8.25%8.81%9.86%+144 bps
Liquidity & Funding
Loans / Deposits57.47%52.32%67.54%67.98%55.78%-169 bps
Liquid Assets / Assets0.47%0.42%0.25%1.03%9.14%+867 bps
CRE / Total Capitaln/an/an/an/an/an/an/a