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Letter portraitLegal landscapeQuarterYTD

Meridian Capital Bank, National Association

Milwaukee, WI · Cert 18425

FDIC

Q2 2002

$89.6MAssets
$56.0MLoans
$67.6MDeposits
$20.7MEquity
Loan mix
65%RE $25.8M34%C&I $13.4M0%Consumer $0.2MQ2 2001Q2 2002
Deposit mix
81%Interest-bearing $54.6M19%Noninterest $13.0MQ2 2001Q2 2002

NIM

7.66%Q1 ’017.62%Q2 ’013.93%Q2 ’02+5%-35%

Non-interest income vs. expense

4.41%Q1 ’014.67%Q2 ’012.73%Q2 ’02+3%-42%

Executive Summary

  • Earnings: ROA of 0.35%, up 60 bps year over year; NIM at 2.53%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.25%.
  • Funding: loans stand at 82.79% of deposits as of Q2 2002.

Financial Results

Return on Assets (YTD, annualized)

0.35%+60 bps YoY

Net Interest Margin (YTD, annualized)

2.53%-138 bps YoY

Efficiency Ratio (YTD, annualized)

89.44%-981 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets-0.25%-0.12%-0.16%0.26%0.35%+60 bps
Return on Equityn/an/an/a1.68%1.96%n/a
Net Interest Margin3.91%3.70%3.59%2.06%2.53%-138 bps
Efficiency Ratio99.25%97.58%99.61%88.85%89.44%-981 bps
Non-Interest Burden3.88%3.59%3.58%1.82%2.27%-161 bps
Growth
Asset Growth (YoY)11.62%22.83%14.37%5.55%-3.51%-1,513 bps
Loan Growth (YoY)26.73%14.12%11.30%0.61%-18.77%-4,550 bps
Deposit Growth (YoY)6.17%44.46%25.02%-0.68%-11.41%-1,758 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.01%0.02%-0.04%-0.25%-25 bps
Allowance / Loans1.73%1.76%1.71%2.23%2.69%+96 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 Capital12.97%12.17%14.76%15.51%18.71%+575 bps
Equity / Assets9.35%8.16%9.93%21.24%23.06%+1,371 bps
Liquidity & Funding
Loans / Deposits90.29%70.67%74.98%90.93%82.79%-750 bps
Liquid Assets / Assets0.01%0.01%0.01%0.01%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a