Sun National Bank, Delaware

Wilmington, DE · Cert 35001

FDIC

Q3 2001

$170.6MAssets

$81.8MLoans

$135.6MDeposits

$28.5MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of -0.69%, down 55 bps year over year; NIM at 2.58%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.89%.
Funding: loans stand at 60.34% of deposits as of Q3 2001.

Return on Assets (YTD, annualized)

-0.69%-55 bps YoY

Net Interest Margin (YTD, annualized)

2.58%

Efficiency Ratio (YTD, annualized)

113.64%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	0.26%	0.28%	0.11%	-0.15%	-0.16%	-0.61%	-0.73%	-0.69%	-55 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	2.74%	2.74%	2.58%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	103.80%	107.71%	113.64%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.88%	3.02%	3.05%	n/a
Growth
Asset Growth (YoY)	-27.28%	-12.27%	-4.68%	4.77%	9.82%	-0.52%	-2.49%	-8.33%	-1,310 bps
Loan Growth (YoY)	-11.22%	-17.02%	-4.81%	-15.69%	-11.43%	-8.98%	-13.32%	-9.82%	+586 bps
Deposit Growth (YoY)	-30.11%	-17.34%	-4.11%	11.95%	11.94%	5.52%	-3.04%	-10.14%	-2,209 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	1.19%	0.85%	0.89%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.26%	1.60%	1.46%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	14.66%	15.04%	15.45%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	17.08%	16.35%	16.71%	n/a
Liquidity & Funding
Loans / Deposits	73.14%	74.73%	69.60%	60.13%	57.87%	64.46%	62.22%	60.34%	+21 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a