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PNC Bank, Delaware

Wilmington, DE · Cert 679

FDIC

Q2 2009

$3.2BAssets
$2.5BLoans
$2.8BDeposits
$223.6MEquity
Loan mix
67%RE $1.5B18%C&I $0.4B15%Consumer $0.3BQ2 2008Q2 2009
Deposit mix
74%Interest-bearing $2.1B26%Noninterest $0.7BQ2 2008Q2 2009

NIM

5.88%Q2 ’075.80%Q2 ’084.88%Q2 ’09+23%-8%

Non-interest income vs. expense

2.69%Q2 ’072.66%Q2 ’083.08%Q2 ’09-80%+620%

Executive Summary

  • Earnings: ROA of 0.04%, down 197 bps year over year; NIM at 3.99%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.66%.
  • Funding: loans stand at 89.87% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

0.04%-197 bps YoY

Net Interest Margin (quarter, annualized)

3.99%-33 bps YoY

Efficiency Ratio (quarter, annualized)

45.51%+774 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets2.00%1.73%1.01%0.71%0.04%-197 bps
Return on Equity26.96%23.69%14.83%10.97%0.55%-2,641 bps
Net Interest Margin4.33%4.16%4.37%4.11%3.99%-33 bps
Efficiency Ratio37.76%37.58%43.26%49.52%45.51%+774 bps
Non-Interest Burden0.05%0.03%0.57%0.88%0.38%+33 bps
Growth
Asset Growth (YoY)8.24%-5.16%-4.41%-1.67%-1.07%-931 bps
Loan Growth (YoY)15.77%-1.65%-1.21%-1.38%-1.00%-1,677 bps
Deposit Growth (YoY)15.71%-2.05%3.89%11.39%11.83%-388 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.80%1.05%2.56%1.95%1.66%+86 bps
Allowance / Loans1.59%1.78%1.97%2.10%2.62%+102 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 Capital12.06%12.22%12.47%12.22%12.30%+24 bps
Equity / Assets7.33%7.24%6.35%6.58%7.06%-27 bps
Liquidity & Funding
Loans / Deposits101.51%105.05%96.94%91.40%89.87%-1,165 bps
Liquid Assets / Assets0.00%0.00%0.13%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a