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Letter portraitLegal landscapeQuarterYTD

National Bank of Commerce

Oklahoma City, OK · Cert 24093

FDIC

Q2 2008

$203.3MAssets
$172.2MLoans
$167.2MDeposits
$17.7MEquity
Loan mix
74%RE $108.1M26%C&I $38.3M0%Consumer $0.1MQ2 2007Q2 2008
Deposit mix
70%Interest-bearing $116.2M30%Noninterest $51.0MQ2 2007Q2 2008

NIM

6.79%Q2 ’067.29%Q2 ’075.78%Q2 ’08-2%-7%

Non-interest income vs. expense

2.94%Q2 ’062.92%Q2 ’073.14%Q2 ’08-1%+12%

Executive Summary

  • Earnings: ROA of 1.17%, down 67 bps year over year; NIM at 4.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 102.99% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

1.17%-67 bps YoY

Net Interest Margin (YTD, annualized)

4.02%-32 bps YoY

Efficiency Ratio (YTD, annualized)

70.60%+1,029 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.85%1.88%1.58%1.31%1.17%-67 bps
Return on Equity20.57%21.15%17.97%15.14%13.54%-704 bps
Net Interest Margin4.34%4.33%4.04%4.06%4.02%-32 bps
Efficiency Ratio60.31%60.29%65.33%67.99%70.60%+1,029 bps
Non-Interest Burden2.42%2.42%2.49%2.63%2.72%+29 bps
Growth
Asset Growth (YoY)1.02%9.64%8.79%15.60%10.07%+905 bps
Loan Growth (YoY)-2.64%7.17%15.96%21.29%30.98%+3,362 bps
Deposit Growth (YoY)3.03%13.62%13.15%15.42%2.79%-24 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.02%0.08%0.11%0.05%+2 bps
Allowance / Loans1.16%1.10%0.95%0.94%0.91%-25 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 Capital12.03%11.77%10.91%10.94%10.48%-155 bps
Equity / Assets8.98%8.69%8.40%8.86%8.71%-27 bps
Liquidity & Funding
Loans / Deposits80.83%79.88%85.99%90.36%102.99%+2,217 bps
Liquid Assets / Assets0.05%0.00%0.33%0.24%0.48%+43 bps
CRE / Total Capitaln/an/an/an/an/an/an/a