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Morebank

Philadelphia, PA · Cert 57871

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

Morebank

Philadelphia, PA · Cert 57871

FDIC

Q2 2010

$72.4MAssets
$50.8MLoans
$60.5MDeposits
$4.8MEquity
Deposit mix
90%Interest-bearing $54.5M10%Noninterest $6.0MQ2 2009Q2 2010

NIM

5.88%Q2 ’085.23%Q2 ’095.28%Q2 ’10-15%+19%

Non-interest income vs. expense

7.86%Q2 ’086.15%Q2 ’094.02%Q2 ’10-24%-36%

Executive Summary

  • Earnings: ROA of -0.75%, up 261 bps year over year; NIM at 3.59%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 83.95% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

-0.75%+261 bps YoY

Net Interest Margin (YTD, annualized)

3.59%+58 bps YoY

Efficiency Ratio (YTD, annualized)

102.15%-7,585 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-3.36%-2.83%-2.30%-0.26%-0.75%+261 bps
Return on Equity-35.06%-32.67%-28.14%-4.00%-11.51%+2,355 bps
Net Interest Margin3.01%2.64%2.58%3.57%3.59%+58 bps
Efficiency Ratio178.00%167.91%155.54%101.73%102.15%-7,585 bps
Non-Interest Burden5.71%4.69%4.21%3.63%3.68%-203 bps
Growth
Asset Growth (YoY)58.65%55.99%49.39%37.09%22.48%-3,617 bps
Loan Growth (YoY)46.50%44.05%39.80%32.32%17.48%-2,902 bps
Deposit Growth (YoY)60.93%68.01%62.85%40.97%24.05%-3,688 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.54%0.35%0.25%0.00%0.00%-54 bps
Allowance / Loans1.29%1.43%1.44%1.49%1.94%+66 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 Capital11.33%10.21%10.57%10.40%10.26%-107 bps
Equity / Assets7.80%6.57%6.56%6.38%6.57%-123 bps
Liquidity & Funding
Loans / Deposits88.64%77.27%83.89%82.93%83.95%-470 bps
Liquid Assets / Assets0.41%0.24%2.32%3.62%7.32%+691 bps
CRE / Total Capitaln/an/an/an/an/an/an/a