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Financial Highlights

SUN BANCORP, INC. (NASDAQ - SNBC)

Trend Analysis--Quarterly (click here for Annual Analysis)

For the definition of a financial field, click on the field name.

Balance Sheet ($000)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Loans Held for Investment, before Reserves	2,251,560	2,225,554	1.17	2,276,160	(4.32)
Loans Held for Sale, before Reserves	41,469	25,034	65.65	120,935	(262.84)
Loan Loss Reserve	47,124	52,127	(9.60)	45,873	10.91
Net Loans Receivable	2,245,905	2,198,461	2.16	2,351,222	(17.92)
Intangible Assets	40,529	44,213	(8.33)	41,450	(8.89)
Total Assets	3,227,146	3,113,269	3.66	3,224,031	0.39
Deposits	2,723,337	2,631,652	3.48	2,713,224	1.49
Debt, Senior and Subordinated	164,130	123,869	32.50	163,778	0.86
Common Equity	264,341	283,163	(6.65)	262,595	2.66
Total Shareholders' Equity	264,341	283,163	(6.65)	262,595	2.66
Shares Outstanding (actual)	86,296,377	85,826,056	0.55	86,193,914	0.48

Income Statement ($000)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Net Interest Income	23,078	24,650	(6.38)	23,981	(15.06)
Provision for Loan Losses	171	30,683	(99.44)	24,154	(397.17)
Noninterest Income	7,395	5,519	33.99	7,011	21.91
Noninterest Expense	31,336	27,564	13.68	31,375	(0.50)
Net Income Before Taxes	2,453	(28,078)	NM	(24,954)	NM
Provision for Taxes	0	0	0.00	0	0.00
Net Income	2,453	(28,078)	NM	(24,954)	NM

Per Share Items ($)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Book Value per Share	3.06	3.30	(7.16)	3.05	2.18
Tangible Book Value	2.59	2.78	(6.85)	2.57	4.34
Diluted EPS Before Extra	0.03	(0.33)	NM	(0.29)	NM
Diluted EPS After Extra	0.03	(0.33)	NM	(0.29)	NM
Dividends Declared	0.0000	0.0000	0.00	0.0000	0.00

Performance Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
ROAA	0.31	(3.56)	387	(3.13)	344
ROAE	3.73	(35.97)	3,970	(34.70)	3,843
Net Interest Margin	3.16	3.48	(32)	3.30	(14)
Loans / Deposits	82.68	84.57	(189)	83.89	(121)
Efficiency Ratio	92.27	91.37	90	91.55	72

Balance Sheet Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Tangible Equity/ Tangible Assets	7.02	7.79	(76)	6.95	7
Equity/ Assets	8.19	9.10	(90)	8.14	5
Asset Quality Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Nonperforming Assets/ Assets	2.55	3.81	(126)	3.20	(65)
Loan Loss Reserves/ Gross Loans	2.06	2.32	(26)	1.91	14
Loan Loss Reserves/ NPAs	57.29	43.92	1,337	44.49	1,280
Net Charge-offs/ Avg Loans	(0.18)	3.55	(374)	4.58	(477)

Regulatory Capital Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Tier 1 Capital Ratio	12.32	12.86	(54)	11.82	50

^† Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

*	Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.


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