PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Wilmington Trust of Pennsylvania

Villanova, PA · Cert 26690

FDIC

Q3 2008

$1.3BAssets
$897.4MLoans
$231.4MDeposits
$104.6MEquity
Loan mix
59%RE $399.3M37%C&I $246.4M4%Consumer $27.7MQ3 2007Q3 2008
Deposit mix
55%Interest-bearing $126.2M45%Noninterest $105.2MQ3 2007Q3 2008

NIM

5.70%Q3 ’066.05%Q3 ’074.90%Q3 ’08-11%+12%

Non-interest income vs. expense

2.23%Q3 ’062.22%Q3 ’072.08%Q3 ’08+2%-6%

Executive Summary

  • Earnings: ROA of 0.41%, down 8 bps year over year; NIM at 2.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.44%.
  • Funding: loans stand at 387.78% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

0.41%-8 bps YoY

Net Interest Margin (YTD, annualized)

2.50%+27 bps YoY

Efficiency Ratio (YTD, annualized)

58.56%-764 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.50%0.53%0.82%0.33%0.41%-8 bps
Return on Equity5.66%5.98%8.80%3.80%4.83%-82 bps
Net Interest Margin2.24%2.19%2.48%2.21%2.50%+27 bps
Efficiency Ratio66.20%63.32%58.05%59.18%58.56%-764 bps
Non-Interest Burden1.11%1.00%0.97%0.91%1.04%-7 bps
Growth
Asset Growth (YoY)11.09%0.86%5.22%16.58%11.50%+41 bps
Loan Growth (YoY)11.49%8.30%16.41%33.12%32.83%+2,134 bps
Deposit Growth (YoY)-31.71%4.24%7.55%-35.71%19.41%+5,112 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.27%0.49%0.28%0.51%0.44%+17 bps
Allowance / Loans1.22%1.17%1.14%1.39%1.57%+34 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 Capital13.86%13.78%13.36%10.73%10.98%-288 bps
Equity / Assets9.19%9.41%9.29%7.65%8.01%-117 bps
Liquidity & Funding
Loans / Deposits349%258%297%435%388%+3,917 bps
Liquid Assets / Assets0.09%0.08%0.08%0.07%0.08%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a