PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Commerce Bank, National Association

Omaha, NE · Cert 26427

FDIC

Q3 2008

$8.9MAssets
$7.0MLoans
$528KDeposits
$4.4MEquity
Deposit mix
95%Interest-bearing $500K5%Noninterest $28KQ3 2007Q3 2008

NIM

4.66%Q3 ’064.28%Q3 ’072.99%Q3 ’08-78%+491%

Non-interest income vs. expense

33.35%Q3 ’0628.41%Q3 ’0722.38%Q3 ’08-3%+61%

Executive Summary

  • Earnings: ROA of 2.98%, down 353 bps year over year; NIM at 1.06%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.16%.
  • Funding: loans stand at 1329.73% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

2.98%-353 bps YoY

Net Interest Margin (YTD, annualized)

1.06%+88 bps YoY

Efficiency Ratio (YTD, annualized)

88.92%+283 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets6.51%7.18%0.77%2.72%2.98%-353 bps
Return on Equity12.13%13.98%1.71%5.88%6.34%-580 bps
Net Interest Margin0.18%0.01%0.87%1.05%1.06%+88 bps
Efficiency Ratio86.09%84.67%91.55%88.92%88.92%+283 bps
Non-Interest Burden-4.41%-3.94%-1.40%-1.93%-1.73%+269 bps
Growth
Asset Growth (YoY)-1.44%17.42%17.18%15.99%16.48%+1,792 bps
Loan Growth (YoY)-0.08%-0.74%-1.23%-3.62%-3.81%-373 bps
Deposit Growth (YoY)2.91%3.72%5.56%-1.68%-0.56%-347 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.63%1.30%5.53%4.33%4.16%+253 bps
Allowance / Loans8.17%7.80%8.32%8.38%8.49%+32 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 Capital60.57%44.66%60.44%62.51%64.48%+391 bps
Equity / Assets57.44%43.92%46.74%48.06%49.42%-802 bps
Liquidity & Funding
Loans / Deposits1375%1442%1347%1348%1330%-4,484 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