Banco Popular, National Association

Orlando, FL · Cert 35208

FDIC

Q3 2008

$76.3MAssets

$5.3MLoans

n/aDeposits

$45.1MEquity

Executive Summary

Earnings: ROA of 4.40%, down 123 bps year over year; NIM at 2.27%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.15%.

Return on Assets (quarter, annualized)

4.40%-123 bps YoY

Net Interest Margin (quarter, annualized)

2.27%+41 bps YoY

Efficiency Ratio (quarter, annualized)

70.91%+214 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 2006	Q1 2007	Q2 2007	Q3 2007	Q4 2007	Q1 2008	Q2 2008	Q3 2008	YoY Δ	Trend
Earnings
Return on Assets	8.13%	3.80%	7.78%	5.63%	6.39%	3.53%	7.21%	4.40%	-123 bps
Return on Equity	19.03%	8.81%	17.78%	12.79%	13.98%	7.21%	14.11%	8.08%	-471 bps
Net Interest Margin	1.79%	1.95%	2.23%	1.86%	2.19%	2.34%	2.29%	2.27%	+41 bps
Efficiency Ratio	60.41%	76.25%	64.84%	68.77%	65.33%	78.21%	62.71%	70.91%	+214 bps
Non-Interest Burden	-11.20%	-4.20%	-10.01%	-8.00%	-8.43%	-3.49%	-9.63%	-5.64%	+237 bps
Growth
Asset Growth (YoY)	-36.76%	-29.47%	-31.68%	-30.54%	-40.52%	-0.15%	-42.90%	-46.70%	-1,615 bps
Loan Growth (YoY)	69.87%	23.86%	-1.27%	-38.10%	-39.16%	-37.01%	-45.45%	-60.27%	-2,217 bps
Deposit Growth (YoY)	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
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	-0.08%	0.10%	1.45%	1.96%	-0.12%	-0.07%	0.56%	-0.15%	-211 bps
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	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	93.61%	103.82%	103.39%	113.03%	121.51%	136.15%	141.82%	169.90%	+5,687 bps
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Deposits	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
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