PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Metlife Bank, National Association

Monmouth Junction, NJ · Cert 35055

FDIC

Q2 2013

$686.9MAssets
$214KLoans
n/aDeposits
$374.5MEquity
Deposit mix
100%Interest-bearing $00%Noninterest $0Q2 2012Q2 2013

NIM

3.09%Q2 ’113.26%Q2 ’121.54%Q2 ’13-63%+52%

Non-interest income vs. expense

5.75%Q2 ’117.54%Q2 ’1214.19%Q2 ’13+304%+33%

Executive Summary

  • Earnings: ROA of -1.22%, up 144 bps year over year; NIM at 1.07%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.

Financial Results

Return on Assets (YTD, annualized)

-1.22%+144 bps YoY

Net Interest Margin (YTD, annualized)

1.07%+36 bps YoY

Efficiency Ratio (YTD, annualized)

202%-17,538 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets-2.65%-2.67%-3.24%-0.38%-1.22%+144 bps
Return on Equity-40.58%-36.75%-42.01%-1.84%-5.34%+3,525 bps
Net Interest Margin0.71%0.90%0.66%0.77%1.07%+36 bps
Efficiency Ratio377%441%547%132.50%202%-17,538 bps
Non-Interest Burden6.25%10.37%11.14%2.86%8.34%+209 bps
Growth
Asset Growth (YoY)-42.95%-51.33%-69.31%-94.92%-92.70%-4,974 bps
Loan Growth (YoY)-78.04%-87.59%-97.65%-97.94%-99.99%-2,195 bps
Deposit Growth (YoY)-31.83%-39.03%-38.94%-100.00%-100.00%-6,817 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.76%0.75%1.58%0.00%0.00%-76 bps
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 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 Capital39.75%59.70%87.52%196.74%125.69%+8,594 bps
Equity / Assets11.96%12.30%11.81%71.99%54.52%+4,256 bps
Liquidity & Funding
Loans / Deposits25.58%18.13%6.57%n/an/an/a
Liquid Assets / Assets59.03%65.81%78.21%0.00%0.00%-5,903 bps
CRE / Total Capitaln/an/an/an/an/an/an/a