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Interstate Net Bank

Cherry Hill, NJ · Cert 57107

FDIC

Q2 2010

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2010, the quarter ended June 30, 2010, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Interstate Net Bank

Cherry Hill, NJ · Cert 57107

FDIC

Q2 2010

$81.6MAssets
$63.6MLoans
$79.7MDeposits
$1.5MEquity
Deposit mix
99%Interest-bearing $78.8M1%Noninterest $0.8MQ2 2009Q2 2010

NIM

6.72%Q2 ’085.12%Q2 ’094.26%Q2 ’10-41%+22%

Non-interest income vs. expense

5.03%Q2 ’083.75%Q2 ’094.65%Q2 ’10-31%+44%

Executive Summary

  • Earnings: ROA of -3.29%, down 187 bps year over year; NIM at 1.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 13.90%.
  • Funding: loans stand at 79.87% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

-3.29%-187 bps YoY

Net Interest Margin (YTD, annualized)

1.80%+33 bps YoY

Efficiency Ratio (YTD, annualized)

252%+6,594 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-1.42%-1.72%-1.92%-2.17%-3.29%-187 bps
Return on Equity-35.98%-44.87%-51.94%-74.80%-127.95%-9,198 bps
Net Interest Margin1.47%1.55%1.53%1.69%1.80%+33 bps
Efficiency Ratio185.82%202%231%234%252%+6,594 bps
Non-Interest Burden3.20%3.61%3.93%3.87%4.60%+140 bps
Growth
Asset Growth (YoY)-26.41%-25.87%-29.92%-27.87%-23.90%+251 bps
Loan Growth (YoY)-23.58%-22.42%-23.24%-27.89%-24.48%-90 bps
Deposit Growth (YoY)-23.23%-23.74%-29.08%-26.79%-22.33%+91 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%0.20%0.28%26.29%13.90%+1,394 bps
Allowance / Loans7.55%7.63%8.27%2.59%3.08%-447 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 Capital6.66%5.98%5.53%4.90%3.54%-312 bps
Equity / Assets3.82%3.45%2.99%2.80%1.88%-194 bps
Liquidity & Funding
Loans / Deposits82.16%82.39%85.21%82.24%79.87%-228 bps
Liquid Assets / Assets2.27%2.34%0.35%0.61%0.63%-164 bps
CRE / Total Capitaln/an/an/an/an/an/an/a