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Letter portraitLegal landscapeQuarterYTD

Commerce Bank, National Association

Wichita, KS · Cert 10911

FDIC

Q3 2008

$1.2BAssets
$685.4MLoans
$983.5MDeposits
$104.5MEquity
Loan mix
52%RE $194.8M37%C&I $140.2M11%Consumer $39.4MQ3 2007Q3 2008
Deposit mix
93%Interest-bearing $914.2M7%Noninterest $69.3MQ3 2007Q3 2008

NIM

5.09%Q3 ’065.73%Q3 ’075.32%Q3 ’08+11%+25%

Non-interest income vs. expense

2.74%Q3 ’062.98%Q3 ’073.20%Q3 ’08+6%+6%

Executive Summary

  • Earnings: ROA of 0.97%, up 33 bps year over year; NIM at 3.53%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.39%.
  • Funding: loans stand at 69.69% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

0.97%+33 bps YoY

Net Interest Margin (YTD, annualized)

3.53%+71 bps YoY

Efficiency Ratio (YTD, annualized)

63.63%-739 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.65%0.64%0.85%0.92%0.97%+33 bps
Return on Equity7.21%7.18%10.05%10.89%11.46%+425 bps
Net Interest Margin2.81%2.77%3.15%3.30%3.53%+71 bps
Efficiency Ratio71.03%70.73%66.92%64.10%63.63%-739 bps
Non-Interest Burden1.60%1.56%1.65%1.60%1.70%+10 bps
Growth
Asset Growth (YoY)0.34%1.59%0.27%1.57%-4.82%-516 bps
Loan Growth (YoY)17.64%20.25%18.54%11.12%7.28%-1,036 bps
Deposit Growth (YoY)-4.03%0.73%1.21%1.91%-1.13%+290 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.21%0.29%0.15%0.30%0.39%+19 bps
Allowance / Loans1.57%1.52%1.51%1.47%1.46%-11 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 Capital12.18%12.15%12.20%11.96%12.43%+25 bps
Equity / Assets8.45%8.52%8.44%8.34%8.62%+18 bps
Liquidity & Funding
Loans / Deposits64.23%62.85%62.47%64.73%69.69%+546 bps
Liquid Assets / Assets0.02%0.02%0.01%0.01%0.01%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a