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Merrill Lynch Bank USA

Salt Lake City, UT · Cert 27374

FDIC

Q2 2009

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2009, the quarter ended June 30, 2009, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Merrill Lynch Bank USA

Salt Lake City, UT · Cert 27374

FDIC

Q2 2009

$68.0BAssets
$20.8BLoans
$57.8BDeposits
$8.9BEquity
Deposit mix
100%Interest-bearing $57.8B0%Noninterest $0.0BQ2 2008Q2 2009

NIM

6.97%Q2 ’074.90%Q2 ’082.41%Q2 ’09-24%-23%

Non-interest income vs. expense

1.27%Q2 ’071.50%Q2 ’080.88%Q2 ’09+98%-3292%

Executive Summary

  • Earnings: ROA of 1.76%, up 392 bps year over year; NIM at 2.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 35.96% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

1.76%+392 bps YoY

Net Interest Margin (YTD, annualized)

2.15%-63 bps YoY

Efficiency Ratio (YTD, annualized)

21.60%-1,336 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-2.16%-1.94%-6.01%2.16%1.76%+392 bps
Return on Equity-34.67%-32.72%-102.98%23.01%16.47%+5,114 bps
Net Interest Margin2.78%2.94%2.76%2.05%2.15%-63 bps
Efficiency Ratio34.96%24.18%27.76%17.33%21.60%-1,336 bps
Non-Interest Burden-0.02%-0.75%-0.89%-1.22%-0.66%-64 bps
Growth
Asset Growth (YoY)-4.66%-20.61%-20.89%3.55%17.15%+2,181 bps
Loan Growth (YoY)-32.79%-35.60%-32.23%-6.45%-14.21%+1,858 bps
Deposit Growth (YoY)2.29%-2.04%-4.84%-2.13%9.49%+720 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.40%0.38%0.78%0.00%0.00%-40 bps
Allowance / Loans0.82%n/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 Capital14.11%14.65%12.42%14.59%17.51%+340 bps
Equity / Assets5.69%n/an/an/an/an/a
Liquidity & Funding
Loans / Deposits45.89%49.07%45.87%40.27%35.96%-993 bps
Liquid Assets / Assets0.01%0.00%0.00%0.00%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a