Commercial Bank of New York

New York, NY · Cert 27292

FDIC

Q3 2001

$1.3BAssets

$408.0MLoans

$981.0MDeposits

$113.0MEquity

Deposit mix

Executive Summary

Earnings: ROA of 0.34%, down 38 bps year over year; NIM at 3.11%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
Funding: loans stand at 41.59% of deposits as of Q3 2001.

Return on Assets (YTD, annualized)

0.34%-38 bps YoY

Net Interest Margin (YTD, annualized)

3.11%

Efficiency Ratio (YTD, annualized)

83.37%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	0.60%	0.71%	0.73%	0.72%	0.71%	0.19%	0.27%	0.34%	-38 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	2.93%	2.94%	3.11%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	85.10%	84.86%	83.37%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.34%	2.33%	2.41%	n/a
Growth
Asset Growth (YoY)	-8.37%	-1.02%	-0.89%	1.61%	13.89%	1.40%	-2.56%	-8.91%	-1,053 bps
Loan Growth (YoY)	-6.64%	-2.17%	-3.21%	-2.99%	-2.42%	-7.24%	-10.06%	-16.10%	-1,311 bps
Deposit Growth (YoY)	-5.49%	-1.40%	-1.85%	0.00%	10.23%	-16.46%	-15.51%	-19.15%	-1,916 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	0.00%	0.00%	0.00%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	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	12.56%	13.13%	14.08%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Deposits	39.35%	39.03%	39.37%	40.08%	34.84%	43.34%	41.91%	41.59%	+151 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a