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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 ’0110.60%Q2 ’014.82%Q2 ’02-28%-55%

Non-interest income vs. expense

4.85%Q1 ’012.55%Q2 ’010.55%Q2 ’02-127%+121%

Executive Summary

  • Earnings: ROA of 6.88%, up 379 bps year over year; NIM at 4.60%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.04%.
  • Funding: loans stand at 137522.22% of deposits as of Q2 2002.

Financial Results

Return on Assets (quarter, annualized)

6.88%+379 bps YoY

Net Interest Margin (quarter, annualized)

4.60%-552 bps YoY

Efficiency Ratio (quarter, annualized)

12.08%-441 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets3.09%3.29%-4.00%0.24%6.88%+379 bps
Return on Equity3.98%4.45%-5.77%0.32%8.62%+464 bps
Net Interest Margin10.12%8.27%5.75%4.89%4.60%-552 bps
Efficiency Ratio16.49%14.95%18.01%18.99%12.08%-441 bps
Non-Interest Burden-2.82%1.12%0.92%0.80%0.60%+342 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 / Loans21.97%5.77%5.65%11.55%4.04%-1,793 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