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E*trade United Bank

Arlington, VA · Cert 32477

FDIC

Q3 2012

$61.7MAssets
$59.4MLoans
n/aDeposits
$59.5MEquity
Deposit mix
100%Interest-bearing $00%Noninterest $0Q3 2011Q3 2012

NIM

2.35%Q1 ’122.94%Q2 ’121.73%Q3 ’12+23%-41%

Non-interest income vs. expense

1.10%Q1 ’121.16%Q2 ’121.53%Q3 ’12+6%+31%

Executive Summary

  • Earnings: ROA of 19.02%, up 1,748 bps year over year; NIM at 1.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.

Financial Results

Return on Assets (quarter, annualized)

19.02%1+1,748 bps YoY

Net Interest Margin (quarter, annualized)

1.66%

Efficiency Ratio (quarter, annualized)

91.74%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets1.55%1.43%0.58%0.63%19.02%1+1,748 bps
Return on Equityn/an/an/a5.96%89.88%n/a
Net Interest Marginn/an/a2.28%2.81%1.66%n/a
Efficiency Ration/an/a48.22%41.34%91.74%n/a
Non-Interest Burdenn/an/a1.10%1.16%1.53%n/a
Growth
Asset Growth (YoY)39.61%30.15%45.50%28.08%-83.75%-12,336 bps
Loan Growth (YoY)120.17%10.02%-100.00%-100.00%-40.18%-16,035 bps
Deposit Growth (YoY)46.74%35.24%46.69%28.42%-100.00%-14,674 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%n/an/a0.00%0 bps
Net Charge-Offs / Loansn/an/a0.00%n/a0.00%n/a
Allowance / Loansn/an/an/an/a0.00%n/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 Capitaln/an/a33.02%36.40%480%n/a
Equity / Assetsn/an/a9.65%11.50%96.57%n/a
Liquidity & Funding
Loans / Deposits31.02%25.12%0.00%0.00%n/an/a
Liquid Assets / Assets0.00%0.00%0.01%0.01%0.06%+6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a