PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Beneficial National Bank USA

New Castle, DE · Cert 33560

FDIC

Q2 2002

$76.0MAssets
$12.4MLoans
$9KDeposits
$61.8MEquity
Deposit mix
0%Interest-bearing $0K100%Noninterest $9KQ2 2001Q2 2002

NIM

14.34%Q1 ’0111.87%Q2 ’015.15%Q2 ’02-18%-58%

Non-interest income vs. expense

4.85%Q1 ’013.50%Q2 ’010.78%Q2 ’02-68%-78%

Executive Summary

  • Earnings: ROA of 3.46%, down 305 bps year over year; NIM at 4.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 8.82%.
  • Funding: loans stand at 137522.22% of deposits as of Q2 2002.

Financial Results

Return on Assets (YTD, annualized)

3.46%-305 bps YoY

Net Interest Margin (YTD, annualized)

4.85%-669 bps YoY

Efficiency Ratio (YTD, annualized)

15.79%-1,409 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets6.51%5.24%2.79%0.24%3.46%-305 bps
Return on Equityn/an/an/a0.32%4.49%n/a
Net Interest Margin11.54%10.42%8.46%4.89%4.85%-669 bps
Efficiency Ratio29.88%25.93%24.57%18.99%15.79%-1,409 bps
Non-Interest Burden3.32%2.58%1.97%0.80%0.72%-261 bps
Growth
Asset Growth (YoY)7.28%18.70%21.17%-6.45%4.32%-296 bps
Loan Growth (YoY)-54.74%-52.40%-61.83%-61.25%-56.75%-201 bps
Deposit Growth (YoY)-83.33%-89.68%-80.00%-74.19%-57.14%+2,619 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans18.79%17.58%17.33%11.55%8.82%-996 bps
Allowance / Loans0.56%0.58%12.10%17.90%9.34%+878 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 Capital159.80%163.63%185.07%225%242%+8,171 bps
Equity / Assets83.17%66.48%72.57%78.22%81.29%-187 bps
Liquidity & Funding
Loans / Deposits136262%176085%111512%182225%137522%+126,032 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a