PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Ing Bank, FSB

Wilmington, DE · Cert 35489

FDIC

Q3 2012

$97.5BAssets
$37.0BLoans
$86.8BDeposits
$9.9BEquity
Loan mix
100%RE $36.8B0%C&I $0.0B0%Consumer $0.1BQ3 2011Q3 2012
Deposit mix
100%Interest-bearing $86.8B0%Noninterest $0.0BQ3 2011Q3 2012

NIM

0.93%Q1 ’121.95%Q2 ’122.01%Q3 ’12+118%+3%

Non-interest income vs. expense

0.42%Q1 ’120.74%Q2 ’120.91%Q3 ’12+75%+28%

Executive Summary

  • Earnings: ROA of 0.25%, up 15 bps year over year; NIM at 1.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 42.65% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

0.25%+15 bps YoY

Net Interest Margin (quarter, annualized)

1.31%

Efficiency Ratio (quarter, annualized)

56.23%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets0.10%0.17%0.16%0.52%0.25%+15 bps
Return on Equityn/an/an/a5.18%2.43%n/a
Net Interest Marginn/an/a0.58%1.26%1.31%n/a
Efficiency Ration/an/a57.39%45.69%56.23%n/a
Non-Interest Burdenn/an/a0.35%0.61%0.78%n/a
Growth
Asset Growth (YoY)4.21%5.02%3.91%5.07%6.37%+216 bps
Loan Growth (YoY)3.48%2.57%-2.33%-4.94%-9.11%-1,260 bps
Deposit Growth (YoY)6.46%6.85%5.55%4.94%5.40%-106 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.01%0.00%0.03%n/a
Allowance / Loansn/an/a0.00%0.00%0.06%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/a31.50%26.45%27.38%n/a
Equity / Assetsn/an/a9.99%10.12%10.20%n/a
Liquidity & Funding
Loans / Deposits49.46%49.47%46.47%45.31%42.65%-681 bps
Liquid Assets / Assets0.00%0.00%26.22%19.92%20.17%+2,017 bps
CRE / Total Capitaln/an/an/an/an/an/an/a