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Letter portraitLegal landscapeQuarterYTD

Chase Manhattan Bank and Trust Company, National Association

Los Angeles, CA · Cert 34696

FDIC

Q2 2008

$294.0MAssets
$85.4MLoans
$501KDeposits
$267.3MEquity
Deposit mix
100%Interest-bearing $500K0%Noninterest $1KQ3 2006Q2 2008

Executive Summary

  • Earnings: ROA of 8.20%, up 266 bps year over year; NIM at 2.59%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 17052.89% of deposits as of Q2 2008.

Return on Assets (quarter, annualized)

8.20%+266 bps YoY

Net Interest Margin (quarter, annualized)

2.59%-157 bps YoY

Efficiency Ratio (quarter, annualized)

71.69%-256 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

1.95%Q2 ’064.68%Q2 ’072.59%Q2 ’08+127%-38%

Non-interest income vs. expense

2.27%Q2 ’0626.37%Q2 ’0730.37%Q2 ’08-201%-89%

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets4.40%-12.05%4.11%5.54%3.00%2.53%4.03%8.20%+266 bps
Return on Equity5.13%-15.78%6.72%9.16%4.48%3.13%4.79%9.24%+8 bps
Net Interest Margin2.09%4.01%4.28%4.16%4.21%4.44%3.64%2.59%-157 bps
Efficiency Ratio89.73%74.69%80.79%74.25%87.38%93.10%85.21%71.69%-256 bps
Non-Interest Burden0.73%-0.19%-2.69%-4.99%-0.60%1.51%-3.02%-9.41%-442 bps
Growth
Asset Growth (YoY)-5.21%-57.96%-60.70%-55.44%-65.75%-23.54%-21.06%-33.00%+2,243 bps
Loan Growth (YoY)17.10%1.33%-0.06%-0.96%-0.12%-1.68%-37.00%-37.07%-3,611 bps
Deposit Growth (YoY)-33.85%-11.25%14.20%49.08%-99.37%-99.41%-99.46%-99.58%-14,866 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.03%0.02%0.01%0.01%0.01%0.02%0.03%0.03%+2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital281%256%275%249%337%350%385%402%+15,257 bps
Equity / Assets84.28%58.39%64.23%57.19%80.11%81.68%86.62%90.89%+3,369 bps
Liquidity & Funding
Loans / Deposits171.83%161.51%145.97%112.49%27037%27036%17054%17053%+1,694,041 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a