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Letter portraitLegal landscapeQuarterYTD

Suntrust Bankcard, National Association

Orlando, FL · Cert 33817

FDIC

Q1 2005

$220.0MAssets
$187.1MLoans
$14.6MDeposits
$32.7MEquity
Deposit mix
100%Interest-bearing $14.6M0%Noninterest $0.0MQ1 2004Q1 2005

NIM

5.83%Q1 ’035.56%Q1 ’045.67%Q1 ’05-4%-24%

Non-interest income vs. expense

16.69%Q1 ’0318.32%Q1 ’0414.27%Q1 ’05-84%-1170%

Executive Summary

  • Earnings: ROA of 4.74%, up 134 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.96%.
  • Funding: loans stand at 1278.02% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

4.74%+134 bps YoY

Net Interest Margin (quarter, annualized)

3.44%-108 bps YoY

Efficiency Ratio (quarter, annualized)

59.98%-2,227 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets3.40%2.85%1.15%3.75%4.74%+134 bps
Return on Equity22.62%19.53%8.00%26.08%32.37%+975 bps
Net Interest Margin4.52%4.27%4.18%3.35%3.44%-108 bps
Efficiency Ratio82.25%76.24%82.34%78.41%59.98%-2,227 bps
Non-Interest Burden0.57%-0.80%0.31%-4.12%-6.08%-664 bps
Growth
Asset Growth (YoY)-5.40%-2.89%19.69%29.07%22.61%+2,801 bps
Loan Growth (YoY)15.08%16.35%23.43%30.64%26.79%+1,171 bps
Deposit Growth (YoY)0.00%0.00%0.00%0.00%0.00%0 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.04%1.11%1.74%1.39%1.96%+91 bps
Allowance / Loans2.16%1.97%1.99%2.24%2.24%+8 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 Capital16.07%15.92%15.58%15.64%16.16%+9 bps
Equity / Assets14.71%14.51%14.34%14.42%14.88%+16 bps
Liquidity & Funding
Loans / Deposits1008%1052%1145%1190%1278%+27,007 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