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Libertypointe Bank

New York, NY · Cert 58071

FDIC

Q4 2009

$216.5MAssets
$183.0MLoans
$209.5MDeposits
$4.8MEquity
Deposit mix
91%Interest-bearing $190.8M9%Noninterest $18.6MQ4 2008Q4 2009

NIM

6.80%Q4 ’075.88%Q4 ’084.18%Q4 ’09-3%-29%

Non-interest income vs. expense

4.14%Q4 ’073.68%Q4 ’083.63%Q4 ’09-11%-8%

Executive Summary

  • Earnings: ROA of -1.97%, up 993 bps year over year; NIM at 1.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 8.50%.
  • Funding: loans stand at 87.37% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

-1.97%+993 bps YoY

Net Interest Margin (quarter, annualized)

1.86%-76 bps YoY

Efficiency Ratio (quarter, annualized)

165.02%+3,048 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-11.89%-1.36%-4.98%-10.95%-1.97%+993 bps
Return on Equity-162.62%-22.03%-86.51%-270%-79.64%+8,298 bps
Net Interest Margin2.61%2.86%2.48%1.72%1.86%-76 bps
Efficiency Ratio134.53%115.90%164.06%320%165.02%+3,048 bps
Non-Interest Burden3.56%3.36%4.12%5.57%3.29%-27 bps
Growth
Asset Growth (YoY)9.32%0.38%-17.86%-20.52%-14.63%-2,395 bps
Loan Growth (YoY)10.13%5.99%0.12%-5.71%-7.91%-1,805 bps
Deposit Growth (YoY)12.15%3.48%-15.64%-15.89%-11.07%-2,322 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.03%0.00%2.39%0.94%8.50%+347 bps
Allowance / Loans2.93%3.18%3.75%5.59%3.74%+81 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 Capital9.42%9.22%8.32%4.95%4.28%-515 bps
Equity / Assets6.18%6.17%5.29%2.75%2.20%-398 bps
Liquidity & Funding
Loans / Deposits84.37%89.13%91.81%92.35%87.37%+299 bps
Liquid Assets / Assets1.92%4.69%10.03%9.25%11.17%+924 bps
CRE / Total Capitaln/an/an/an/an/an/an/a