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National Bank of Commerce

Berkeley, IL · Cert 19733

FDIC

Q4 2008

$419.7MAssets
$235.0MLoans
$395.9MDeposits
$3.5MEquity
Deposit mix
87%Interest-bearing $344.0M13%Noninterest $51.9MQ4 2007Q4 2008

NIM

6.07%Q4 ’066.20%Q4 ’073.52%Q4 ’080%-75%

Non-interest income vs. expense

2.05%Q4 ’062.06%Q4 ’072.15%Q4 ’08+2%+3%

Executive Summary

  • Earnings: ROA of -4.80%, down 564 bps year over year; NIM at 0.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 59.36% of deposits as of Q4 2008.

Financial Results

Return on Assets (quarter, annualized)

-4.80%-564 bps YoY

Net Interest Margin (quarter, annualized)

0.83%-244 bps YoY

Efficiency Ratio (quarter, annualized)

203%+14,318 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets0.84%1.60%1.39%-49.70%-4.80%-564 bps
Return on Equity8.09%15.58%14.25%-962%-458%-46,564 bps
Net Interest Margin3.27%3.25%3.44%2.38%0.83%-244 bps
Efficiency Ratio59.60%54.62%53.60%45.58%203%+14,318 bps
Non-Interest Burden1.87%1.66%1.74%0.95%1.92%+5 bps
Growth
Asset Growth (YoY)6.11%2.78%8.48%7.50%-0.67%-678 bps
Loan Growth (YoY)14.74%10.88%4.56%-1.90%-0.91%-1,564 bps
Deposit Growth (YoY)11.08%13.86%7.55%30.30%14.11%+303 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.00%0.00%0 bps
Allowance / Loans1.68%1.76%1.79%1.92%1.95%+27 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 Capital13.54%13.39%12.70%-15.59%-16.53%-3,007 bps
Equity / Assets10.29%10.27%9.21%1.24%0.84%-946 bps
Liquidity & Funding
Loans / Deposits68.36%69.76%69.72%54.53%59.36%-900 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.48%+48 bps
CRE / Total Capitaln/an/an/an/an/an/an/a