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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 $0.0MQ3 2006Q2 2008
Deposit mix
98%Interest-bearing $27.2M2%Noninterest $0.5MQ3 2006Q2 2008

Executive Summary

  • Earnings: ROA of 0.55%, up 210 bps year over year; NIM at -0.15%.
  • 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.

Return on Assets (quarter, annualized)

0.55%+210 bps YoY

Net Interest Margin (quarter, annualized)

-0.15%-154 bps YoY

Efficiency Ratio (quarter, annualized)

468%+24,071 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.28%Q2 ’065.81%Q2 ’07-2.19%Q2 ’08-23%-111%

Non-interest income vs. expense

5.64%Q2 ’064.26%Q2 ’07-0.86%Q2 ’08-33%-122%

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets-2.12%-1.89%-2.21%-1.55%-1.92%-1.78%-2.18%0.55%+210 bps
Return on Equity-14.74%-14.73%-22.21%-19.16%-25.90%-24.96%-25.78%4.86%+2,402 bps
Net Interest Margin1.69%1.91%1.38%1.38%1.30%1.12%0.51%-0.15%-154 bps
Efficiency Ratio277%228%260%227%264%280%473%468%+24,071 bps
Non-Interest Burden4.85%4.55%4.22%3.77%4.13%3.74%3.25%-0.84%-461 bps
Growth
Asset Growth (YoY)-0.42%26.23%72.03%62.66%57.77%33.70%-5.94%-34.97%-9,763 bps
Loan Growth (YoY)401%344%262%191.29%56.65%62.81%31.91%64.24%-12,705 bps
Deposit Growth (YoY)-2.33%28.30%89.89%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.68%0.87%0.70%0.77%0.81%0.74%0.72%0.58%-19 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital31.54%28.17%19.99%19.09%17.61%16.56%20.09%18.41%-68 bps
Equity / Assets13.67%12.04%8.43%7.80%7.07%7.16%9.85%13.18%+538 bps
Liquidity & Funding
Loans / Deposits30.11%29.45%29.07%28.05%27.78%34.04%41.63%75.74%+4,769 bps
Liquid Assets / Assets0.02%0.04%0.05%0.05%0.58%0.64%0.06%0.10%+5 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a