PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Great Eastern Bank

Flushing, NY · Cert 26673

FDIC

Q1 2006

$326.3MAssets
$217.5MLoans
$296.3MDeposits
$27.7MEquity
Loan mix
13%RE $7.2M87%C&I $48.0M0%Consumer $0.2MQ1 2005Q1 2006
Deposit mix
69%Interest-bearing $205.7M31%Noninterest $90.6MQ1 2005Q1 2006

NIM

4.33%Q1 ’044.52%Q1 ’055.85%Q1 ’06+2%+14%

Non-interest income vs. expense

3.54%Q1 ’043.59%Q1 ’059.87%Q1 ’06+7%+244%

Executive Summary

  • Earnings: ROA of -5.41%, down 611 bps year over year; NIM at 4.42%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • Funding: loans stand at 73.41% of deposits as of Q1 2006.

Financial Results

Return on Assets (YTD, annualized)

-5.41%-611 bps YoY

Net Interest Margin (YTD, annualized)

4.42%+53 bps YoY

Efficiency Ratio (YTD, annualized)

183.06%+10,964 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets0.70%0.75%0.85%0.80%-5.41%-611 bps
Return on Equity6.78%7.38%8.40%8.02%-59.32%-6,610 bps
Net Interest Margin3.89%3.92%3.94%3.92%4.42%+53 bps
Efficiency Ratio73.42%72.18%69.96%71.04%183.06%+10,964 bps
Non-Interest Burden2.59%2.54%2.44%2.49%8.90%+631 bps
Growth
Asset Growth (YoY)6.62%4.84%3.74%7.48%8.28%+166 bps
Loan Growth (YoY)10.14%16.88%16.11%14.58%12.69%+255 bps
Deposit Growth (YoY)7.16%5.15%3.86%8.10%10.31%+315 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.25%-0.20%-0.16%-0.01%-0.08%+17 bps
Allowance / Loans1.23%1.17%1.12%0.99%1.06%-17 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 Capital15.21%13.97%13.85%13.94%12.19%-301 bps
Equity / Assets10.43%9.93%9.84%9.74%8.49%-195 bps
Liquidity & Funding
Loans / Deposits71.86%75.59%75.27%73.90%73.41%+155 bps
Liquid Assets / Assets9.02%7.16%6.92%6.42%6.15%-288 bps
CRE / Total Capitaln/an/an/an/an/an/an/a