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Delaware Sterling Bank & Trust Company

Christiana, DE · Cert 57896

FDIC

Q2 2008

$32.3MAssets
$21.0MLoans
$27.7MDeposits
$4.3MEquity
Loan mix
70%RE $8.4M29%C&I $3.5M0%Consumer $0.0MQ2 2007Q2 2008
Deposit mix
98%Interest-bearing $27.2M2%Noninterest $0.5MQ2 2007Q2 2008

NIM

4.69%Q2 ’065.86%Q2 ’071.88%Q2 ’08-11%-80%

Non-interest income vs. expense

5.69%Q2 ’064.52%Q2 ’071.98%Q2 ’08-28%-55%

Executive Summary

  • Earnings: ROA of -0.96%, up 93 bps year over year; NIM at 0.28%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 75.74% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

-0.96%+93 bps YoY

Net Interest Margin (YTD, annualized)

0.28%-113 bps YoY

Efficiency Ratio (YTD, annualized)

468%+22,438 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets-1.90%-1.92%-1.90%-2.18%-0.96%+93 bps
Return on Equity-20.71%-22.36%-22.95%-25.78%-9.94%+1,077 bps
Net Interest Margin1.41%1.29%1.26%0.51%0.28%-113 bps
Efficiency Ratio243%250%257%473%468%+22,438 bps
Non-Interest Burden4.07%3.86%3.86%3.25%1.83%-223 bps
Growth
Asset Growth (YoY)62.66%57.77%33.70%-5.94%-34.97%-9,763 bps
Loan Growth (YoY)191.29%56.65%62.81%31.91%64.24%-12,705 bps
Deposit Growth (YoY)76.75%69.82%40.85%-7.88%-39.18%-11,594 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.77%0.81%0.74%0.72%0.58%-19 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 Capital19.09%17.61%16.56%20.09%18.41%-68 bps
Equity / Assets7.80%7.07%7.16%9.85%13.18%+538 bps
Liquidity & Funding
Loans / Deposits28.05%27.78%34.04%41.63%75.74%+4,769 bps
Liquid Assets / Assets0.05%0.58%0.64%0.06%0.10%+5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a