Commerce Exchange Bank

Beachwood, OH · Cert 26533

FDIC

Q3 2001

$114.9MAssets

$94.5MLoans

$98.7MDeposits

$12.9MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 0.25%, down 90 bps year over year; NIM at 4.83%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.06%.
Funding: loans stand at 95.79% of deposits as of Q3 2001.

Return on Assets (quarter, annualized)

0.25%-90 bps YoY

Net Interest Margin (quarter, annualized)

4.83%

Efficiency Ratio (quarter, annualized)

77.36%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	1.25%	0.40%	1.01%	1.15%	1.26%	1.77%	1.41%	0.25%	-90 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	13.42%	2.29%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	5.31%	5.01%	4.83%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	50.40%	59.15%	77.36%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.36%	2.70%	3.53%	n/a
Growth
Asset Growth (YoY)	9.47%	13.77%	23.17%	20.46%	10.32%	6.97%	2.11%	-0.93%	-2,139 bps
Loan Growth (YoY)	21.97%	32.54%	21.56%	25.02%	18.30%	12.16%	19.10%	11.19%	-1,383 bps
Deposit Growth (YoY)	14.47%	13.26%	23.38%	22.77%	9.16%	8.93%	3.35%	-1.53%	-2,430 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	0.03%	0.90%	-0.06%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	2.56%	2.30%	2.80%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	13.71%	13.65%	14.05%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	10.42%	10.54%	11.23%	n/a
Liquidity & Funding
Loans / Deposits	79.95%	88.86%	80.95%	84.83%	86.64%	91.49%	93.29%	95.79%	+1,095 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.05%	0.06%	+6 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a