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Commerce Bank/Pennsylvania, National Association

Philadelphia, PA · Cert 25293

FDIC

Q2 2005

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2005, the quarter ended June 30, 2005, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Commerce Bank/Pennsylvania, National Association

Philadelphia, PA · Cert 25293

FDIC

Q2 2005

$6.4BAssets
$1.6BLoans
$6.1BDeposits
$365.9MEquity
Loan mix
82%RE $778.0M17%C&I $158.8M1%Consumer $11.0MQ2 2004Q2 2005
Deposit mix
76%Interest-bearing $4.6B24%Noninterest $1.5BQ2 2004Q2 2005

NIM

4.22%Q2 ’034.43%Q2 ’044.58%Q2 ’05+11%-13%

Non-interest income vs. expense

2.28%Q2 ’032.13%Q2 ’042.07%Q2 ’05-8%-3%

Executive Summary

  • Earnings: ROA of 1.11%, down 15 bps year over year; NIM at 3.26%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 25.92% of deposits as of Q2 2005.

Financial Results

Return on Assets (YTD, annualized)

1.11%-15 bps YoY

Net Interest Margin (YTD, annualized)

3.26%-47 bps YoY

Efficiency Ratio (YTD, annualized)

54.54%+473 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets1.26%1.27%1.31%1.07%1.11%-15 bps
Return on Equity20.97%21.59%22.23%18.36%19.17%-180 bps
Net Interest Margin3.73%3.67%3.41%3.44%3.26%-47 bps
Efficiency Ratio49.81%49.52%48.95%55.62%54.54%+473 bps
Non-Interest Burden1.58%1.54%1.40%1.68%1.53%-5 bps
Growth
Asset Growth (YoY)21.16%22.25%24.56%21.47%29.39%+823 bps
Loan Growth (YoY)26.97%23.87%24.20%22.22%21.54%-543 bps
Deposit Growth (YoY)22.15%23.25%24.95%22.42%29.74%+760 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.21%0.21%0.20%0.23%0.26%+5 bps
Allowance / Loans1.17%1.19%1.20%1.19%1.10%-7 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 Capital14.93%14.18%14.90%14.95%14.38%-55 bps
Equity / Assets5.76%5.61%5.93%5.72%5.68%-9 bps
Liquidity & Funding
Loans / Deposits27.66%26.25%26.38%26.07%25.92%-175 bps
Liquid Assets / Assets23.22%19.39%32.52%35.04%34.26%+1,104 bps
CRE / Total Capitaln/an/an/an/an/an/an/a