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Metrobank, National Association

Davenport, IA · Cert 12099

FDIC

Q2 2006

$543.3MAssets
$200.7MLoans
$484.4MDeposits
$52.5MEquity
Loan mix
82%RE $93.7M15%C&I $16.8M3%Consumer $3.4MQ2 2005Q2 2006
Deposit mix
90%Interest-bearing $433.9M10%Noninterest $50.5MQ2 2005Q2 2006

NIM

4.32%Q2 ’044.38%Q2 ’054.65%Q2 ’06-8%-15%

Non-interest income vs. expense

2.60%Q2 ’042.45%Q2 ’052.43%Q2 ’06-13%+2%

Executive Summary

  • Earnings: ROA of 0.82%, down 27 bps year over year; NIM at 2.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.36%.
  • Funding: loans stand at 41.43% of deposits as of Q2 2006.

Financial Results

Return on Assets (quarter, annualized)

0.82%-27 bps YoY

Net Interest Margin (quarter, annualized)

2.45%-44 bps YoY

Efficiency Ratio (quarter, annualized)

68.85%+786 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.09%1.28%0.75%0.60%0.82%-27 bps
Return on Equity10.65%13.03%7.79%6.35%8.65%-200 bps
Net Interest Margin2.89%2.78%2.58%2.52%2.45%-44 bps
Efficiency Ratio60.99%73.06%74.18%76.34%68.85%+786 bps
Non-Interest Burden1.38%1.86%1.76%1.78%1.40%+2 bps
Growth
Asset Growth (YoY)-1.90%0.25%-1.18%0.07%-1.37%+53 bps
Loan Growth (YoY)-4.09%-3.49%-4.11%-3.75%-6.70%-261 bps
Deposit Growth (YoY)0.45%1.41%0.15%2.55%-0.59%-104 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.34%0.03%0.07%-0.36%-36 bps
Allowance / Loans1.63%1.12%1.10%1.03%1.28%-35 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 Capital16.40%15.94%16.43%16.49%16.92%+52 bps
Equity / Assets10.08%9.59%9.57%9.36%9.66%-42 bps
Liquidity & Funding
Loans / Deposits44.15%45.88%43.87%46.44%41.43%-271 bps
Liquid Assets / Assets0.04%0.07%0.05%0.02%0.06%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a