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Letter portraitLegal landscapeQuarterYTD

Sky Bank-Mid Am Region

Toledo, OH · Cert 17075

FDIC

Q3 2001

$2.1BAssets
$1.6BLoans
$1.6BDeposits
$164.0MEquity
Loan mix
53%RE $477.1M45%C&I $400.4M2%Consumer $17.1MQ3 2000Q3 2001
Deposit mix
93%Interest-bearing $1.5B7%Noninterest $0.1BQ3 2000Q3 2001

NIM

8.09%Q1 ’017.90%Q2 ’017.75%Q3 ’01-1%0%

Non-interest income vs. expense

3.50%Q1 ’013.48%Q2 ’013.42%Q3 ’01+7%+4%

Executive Summary

  • Earnings: ROA of 1.86%, down 1 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 99.94% of deposits as of Q3 2001.

Financial Results

Return on Assets (YTD, annualized)

1.86%-1 bps YoY

Net Interest Margin (YTD, annualized)

4.09%

Efficiency Ratio (YTD, annualized)

52.15%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets1.87%1.83%1.91%1.89%1.86%-1 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/an/a4.13%4.10%4.09%n/a
Efficiency Ration/an/a51.67%52.22%52.15%n/a
Non-Interest Burdenn/an/a0.85%0.91%0.95%n/a
Growth
Asset Growth (YoY)3.22%0.75%6.41%6.03%6.88%+366 bps
Loan Growth (YoY)2.73%0.53%2.97%3.43%7.99%+526 bps
Deposit Growth (YoY)3.96%3.02%9.44%4.24%6.31%+236 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.30%0.35%0.26%n/a
Allowance / Loansn/an/a1.61%1.60%1.57%n/a
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 Capitaln/an/a11.41%11.73%11.59%n/a
Equity / Assetsn/an/a7.00%7.54%7.79%n/a
Liquidity & Funding
Loans / Deposits98.39%97.71%93.58%97.27%99.94%+155 bps
Liquid Assets / Assets0.00%0.00%0.23%0.17%0.19%+19 bps
CRE / Total Capitaln/an/an/an/an/an/an/a