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Commerce Bank/Harrisburg National Association

Camp Hill, PA · Cert 26255

FDIC · 34 branches

Q4 2015

$2.9BAssets
$2.0BLoans
$2.4BDeposits
$280.0MEquity
Loan mix
69%RE $1.1B30%C&I $0.5B0%Consumer $0.0BQ1 2014Q4 2015
Deposit mix
76%Interest-bearing $1.8B24%Noninterest $0.6BQ1 2014Q4 2015

Market Position · Harrisburg-Carlisle, PA · 2015 SOD (annual) · 11.4% share · #3 of 27 inst. · $1.4B of $12.7B

12.9% Dauphin
11.1% Cumberland
6.2% York
2.0% Lancaster

Executive Summary

  • Earnings: ROA of 0.82%, up 2 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.16%.
  • Capital: tier 1 leverage ratio of 9.63%.
  • Funding: loans stand at 85.82% of deposits as of Q4 2015.

Return on Assets (quarter, annualized)

0.82%+2 bps YoY

Net Interest Margin (quarter, annualized)

3.46%-4 bps YoY

Efficiency Ratio (quarter, annualized)

66.26%+87 bps YoY

Tier 1 Leverage Ratio

9.63%

NIM

3.72%Q4 ’133.75%Q4 ’143.72%Q4 ’15+1%-1%

Non-interest income vs. expense

3.25%Q4 ’132.91%Q4 ’142.96%Q4 ’15-15%0%

Discrete quarter, annualized.

MetricQ1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015YoY ΔTrend
Earnings
Return on Assets0.75%0.76%0.81%0.80%0.83%0.61%0.82%0.82%+2 bps
Return on Equity8.74%8.63%9.28%9.53%9.86%7.02%9.19%8.73%-80 bps
Net Interest Margin3.43%3.49%3.50%3.50%3.54%3.53%3.54%3.46%-4 bps
Efficiency Ratio73.62%71.79%67.40%65.39%68.69%72.62%64.65%66.26%+87 bps
Non-Interest Burden2.28%2.23%2.05%1.96%2.14%2.29%1.96%1.95%-1 bps
Growth
Asset Growth (YoY)8.97%7.93%7.44%7.81%4.40%4.63%0.20%-3.08%-1,089 bps
Loan Growth (YoY)14.21%13.20%12.36%14.03%11.27%11.75%9.61%1.34%-1,268 bps
Deposit Growth (YoY)-0.17%0.78%6.66%6.65%9.98%8.21%5.10%-1.41%-806 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.16%0.38%0.44%0.15%0.48%0.26%1.16%+72 bps
Allowance / Loans1.33%1.31%1.28%1.25%1.28%1.25%1.27%1.17%-8 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/a8.59%8.94%9.16%9.63%n/a
Total Risk-Based Capital14.12%14.11%13.54%12.60%12.87%12.68%13.01%13.78%+118 bps
Equity / Assets8.64%8.88%8.53%8.26%8.65%8.64%9.17%9.64%+138 bps
Liquidity & Funding
Loans / Deposits81.88%84.56%82.22%83.49%82.84%87.33%85.75%85.82%+233 bps
Liquid Assets / Assets10.60%9.84%11.23%10.99%11.29%11.96%11.09%12.45%+146 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a