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E*trade Bank

Arlington, VA · Cert 30746

FDIC · 1 branch

Q4 2021

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: Q4 2021, the quarter ended December 31, 2021, 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

E*trade Bank

Arlington, VA · Cert 30746

FDIC · 1 branch

Q4 2021

$79.1BAssets
$25.9BLoans
$72.1BDeposits
$6.9BEquity
Deposit mix
100%Interest-bearing $72.0B0%Noninterest $0.1BQ4 2020Q4 2021

NIM

3.25%Q4 ’190.26%Q4 ’201.01%Q4 ’21-91%+293%

Non-interest income vs. expense

1.47%Q4 ’190.27%Q4 ’200.82%Q4 ’21-85%+229%

Market Position · Washington-Arlington-Alexandria, DC-VA-MD-WV · 2021 SOD (annual) · 19.8% share · #1 of 72 inst. · $70.6B of $357.2B

Executive Summary

  • Earnings: ROA of 0.24%, up 19 bps year over year; NIM at 1.00%.
  • Asset quality: problem loans at 0.00% of loans (-1,769 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.00%, up 39 bps from a year ago.
  • Funding: loans stand at 35.93% of deposits as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

0.24%+19 bps YoY

Net Interest Margin (YTD, annualized)

1.00%+74 bps YoY

Efficiency Ratio (YTD, annualized)

70.28%-1,376 bps YoY

Tier 1 Leverage Ratio

8.00%+39 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets0.05%0.76%0.48%0.30%0.24%+19 bps
Return on Equity0.67%9.27%5.63%3.46%2.75%+207 bps
Net Interest Margin0.25%1.28%1.07%1.06%1.00%+74 bps
Efficiency Ratio84.04%49.56%60.23%70.17%70.28%-1,376 bps
Non-Interest Burden0.21%0.42%0.54%0.71%0.68%+47 bps
Growth
Asset Growth (YoY)40.16%58.61%53.12%50.60%26.10%-1,406 bps
Loan Growth (YoY)5.30%643%1048%1098%1425%+142,003 bps
Deposit Growth (YoY)39.23%70.16%59.85%54.50%31.68%-755 bps
Asset Quality
Nonperforming Loans / Loans17.69%1.81%0.17%0.00%0.00%-1,769 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.00%0.00%-1 bps
Allowance / Loans0.02%0.00%0.00%0.00%0.00%-2 bps
Allowance Coverage of NPLs0.0x0.0x0.0x0.0x0.0x0.0x
Capital
Tier 1 Leverage Ratio7.61%8.52%8.17%8.36%8.00%+39 bps
Total Risk-Based Capital41.76%51.61%53.10%53.81%50.28%+852 bps
Equity / Assets7.70%8.62%8.96%8.90%8.68%+97 bps
Liquidity & Funding
Loans / Deposits3.10%15.85%24.84%27.91%35.93%+3,283 bps
Liquid Assets / Assets43.43%47.51%50.99%47.91%42.62%-81 bps
CRE / Total Capitaln/an/an/an/an/an/an/a