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Comerica Bank-California

San Jose, CA · Cert 22894

FDIC

Q1 2003

$20.9BAssets
$8.9BLoans
$19.2BDeposits
$1.3BEquity
Loan mix
6%RE $0.3B94%C&I $5.8B0%Consumer $0.0BQ1 2002Q1 2003
Deposit mix
41%Interest-bearing $7.9B59%Noninterest $11.4BQ1 2002Q1 2003

NIM

7.64%Q1 ’015.01%Q1 ’023.65%Q1 ’03-16%-28%

Non-interest income vs. expense

3.11%Q1 ’012.83%Q1 ’022.46%Q1 ’03-9%-14%

Executive Summary

  • Earnings: ROA of -0.07%, down 70 bps year over year; NIM at 3.01%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.46%.
  • Funding: loans stand at 46.09% of deposits as of Q1 2003.

Financial Results

Return on Assets (quarter, annualized)

-0.07%-70 bps YoY

Net Interest Margin (quarter, annualized)

3.01%-117 bps YoY

Efficiency Ratio (quarter, annualized)

63.25%+866 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets0.63%0.12%0.29%0.91%-0.07%-70 bps
Return on Equity7.32%1.45%3.95%13.47%-1.10%-842 bps
Net Interest Margin4.18%4.09%3.81%3.33%3.01%-117 bps
Efficiency Ratio54.58%49.54%47.29%56.32%63.25%+866 bps
Non-Interest Burden1.83%1.26%1.16%1.51%1.58%-25 bps
Growth
Asset Growth (YoY)152.06%160.90%29.37%31.91%40.71%-11,135 bps
Loan Growth (YoY)77.27%73.74%0.06%0.37%5.81%-7,146 bps
Deposit Growth (YoY)176.78%181.63%34.94%36.43%45.10%-13,169 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.85%2.29%2.50%1.21%1.46%+61 bps
Allowance / Loans2.15%2.55%2.80%2.76%3.06%+91 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 Capital11.67%11.61%11.37%11.16%10.92%-75 bps
Equity / Assets8.32%8.05%6.92%6.60%6.21%-212 bps
Liquidity & Funding
Loans / Deposits63.21%60.28%51.01%48.17%46.09%-1,711 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a