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Sun National Bank, Delaware

Wilmington, DE · Cert 35001

FDIC

Q3 2001

$170.6MAssets
$81.8MLoans
$135.6MDeposits
$28.5MEquity
Loan mix
59%RE $29.4M31%C&I $15.4M11%Consumer $5.4MQ3 2000Q3 2001
Deposit mix
85%Interest-bearing $115.7M15%Noninterest $19.9MQ3 2000Q3 2001

NIM

5.98%Q1 ’015.54%Q2 ’015.12%Q3 ’01-5%-10%

Non-interest income vs. expense

3.70%Q1 ’014.00%Q2 ’014.06%Q3 ’01+5%+6%

Executive Summary

  • Earnings: ROA of -0.63%, down 48 bps year over year; NIM at 2.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.90%.
  • Funding: loans stand at 60.34% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

-0.63%-48 bps YoY

Net Interest Margin (quarter, annualized)

2.34%

Efficiency Ratio (quarter, annualized)

126.99%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets-0.15%-0.16%-0.61%-0.86%-0.63%-48 bps
Return on Equityn/an/an/a-5.16%-3.79%n/a
Net Interest Marginn/an/a2.74%2.60%2.34%n/a
Efficiency Ration/an/a103.80%111.80%126.99%n/a
Non-Interest Burdenn/an/a2.88%3.02%3.21%n/a
Growth
Asset Growth (YoY)4.77%9.82%-0.52%-2.49%-8.33%-1,310 bps
Loan Growth (YoY)-15.69%-11.43%-8.98%-13.32%-9.82%+586 bps
Deposit Growth (YoY)11.95%11.94%5.52%-3.04%-10.14%-2,209 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a1.19%0.49%0.90%n/a
Allowance / Loansn/an/a1.26%1.60%1.46%n/a
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 Capitaln/an/a14.66%15.04%15.45%n/a
Equity / Assetsn/an/a17.08%16.35%16.71%n/a
Liquidity & Funding
Loans / Deposits60.13%57.87%64.46%62.22%60.34%+21 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