E*trade United Bank

Arlington, VA · Cert 32477

FDIC

Q3 2012

$61.7MAssets

$59.4MLoans

n/aDeposits

$59.5MEquity

Deposit mix

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%.

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.

Metric	Q4 2010	Q1 2011	Q2 2011	Q3 2011	Q4 2011	Q1 2012	Q2 2012	Q3 2012	YoY Δ	Trend
Earnings
Return on Assets	-0.04%	1.60%	1.97%	1.55%	1.43%	0.58%	0.63%	19.02%¹	+1,748 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	5.96%	89.88%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	2.28%	2.81%	1.66%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	48.22%	41.34%	91.74%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	1.10%	1.16%	1.53%	n/a
Growth
Asset Growth (YoY)	69.42%	65.33%	56.97%	39.61%	30.15%	45.50%	28.08%	-83.75%	-12,336 bps
Loan Growth (YoY)	178.20%	79.32%	161.19%	120.17%	10.02%	-100.00%	-100.00%	-40.18%	-16,035 bps
Deposit Growth (YoY)	84.40%	82.37%	69.07%	46.74%	35.24%	46.69%	28.42%	-100.00%	-14,674 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	n/a	n/a	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	0.00%	n/a	0.00%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.00%	n/a	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	33.02%	36.40%	480%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	9.65%	11.50%	96.57%	n/a
Liquidity & Funding
Loans / Deposits	30.88%	24.72%	23.87%	31.02%	25.12%	0.00%	0.00%	n/a	n/a
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.06%	+6 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a