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Fidelity & Trust Bank

Bethesda, MD · Cert 57519

FDIC

Q2 2008

$461.0MAssets
$359.2MLoans
$368.0MDeposits
$26.8MEquity
Loan mix
70%RE $229.5M30%C&I $97.4M0%Consumer $0.5MQ2 2007Q2 2008
Deposit mix
85%Interest-bearing $311.3M15%Noninterest $56.6MQ2 2007Q2 2008

NIM

7.08%Q2 ’067.26%Q2 ’075.72%Q2 ’08-9%-14%

Non-interest income vs. expense

6.20%Q2 ’066.60%Q2 ’073.77%Q2 ’08+110%-29%

Executive Summary

  • Earnings: ROA of -0.91%, up 33 bps year over year; NIM at 2.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 97.61% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

-0.91%+33 bps YoY

Net Interest Margin (quarter, annualized)

2.90%-48 bps YoY

Efficiency Ratio (quarter, annualized)

126.52%-1,168 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets-1.24%-3.31%-6.84%-0.68%-0.91%+33 bps
Return on Equity-17.36%-49.88%-112.40%-12.49%-16.35%+102 bps
Net Interest Margin3.38%3.39%3.59%3.27%2.90%-48 bps
Efficiency Ratio138.20%766%711%116.61%126.52%-1,168 bps
Non-Interest Burden5.21%8.61%7.25%3.77%3.69%-152 bps
Growth
Asset Growth (YoY)22.41%17.71%-7.27%-0.26%-7.47%-2,988 bps
Loan Growth (YoY)29.33%16.61%-0.94%7.30%0.15%-2,917 bps
Deposit Growth (YoY)17.36%36.16%8.73%13.67%11.24%-612 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.38%0.23%0.31%0.04%0.00%-38 bps
Allowance / Loans0.70%0.88%0.96%1.00%1.09%+39 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 Capital10.65%9.90%8.67%9.86%10.43%-23 bps
Equity / Assets6.65%6.61%5.57%5.36%5.80%-85 bps
Liquidity & Funding
Loans / Deposits108.41%85.69%90.47%93.96%97.61%-1,081 bps
Liquid Assets / Assets4.33%5.75%1.67%1.43%0.15%-419 bps
CRE / Total Capitaln/an/an/an/an/an/an/a