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National City Bank of Kentucky

Louisville, KY · Cert 2756

FDIC

Q2 2006

$8.6BAssets
$6.6BLoans
$5.0BDeposits
$643.9MEquity
Loan mix
61%RE $2.6B38%C&I $1.6B1%Consumer $0.1BQ2 2005Q2 2006
Deposit mix
73%Interest-bearing $3.6B27%Noninterest $1.3BQ2 2005Q2 2006

NIM

2.83%Q2 ’044.88%Q2 ’055.70%Q2 ’06+54%-3%

Non-interest income vs. expense

1.76%Q2 ’041.88%Q2 ’051.94%Q2 ’06+102%-163%

Executive Summary

  • Earnings: ROA of 1.59%, down 6 bps year over year; NIM at 2.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.23%.
  • Funding: loans stand at 133.50% of deposits as of Q2 2006.

Financial Results

Return on Assets (quarter, annualized)

1.59%-6 bps YoY

Net Interest Margin (quarter, annualized)

2.80%-10 bps YoY

Efficiency Ratio (quarter, annualized)

37.45%-858 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.65%1.93%1.43%2.49%1.59%-6 bps
Return on Equity25.41%30.54%21.33%33.98%21.61%-380 bps
Net Interest Margin2.90%2.63%2.55%2.72%2.80%-10 bps
Efficiency Ratio46.03%38.96%33.95%37.44%37.45%-858 bps
Non-Interest Burden0.69%0.22%0.13%-0.48%-0.44%-113 bps
Growth
Asset Growth (YoY)21.58%30.99%-3.78%-4.21%-15.98%-3,756 bps
Loan Growth (YoY)38.29%30.24%-13.56%-14.64%-12.58%-5,087 bps
Deposit Growth (YoY)-6.34%2.72%0.74%-6.00%3.17%+951 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.48%1.21%0.62%0.23%+12 bps
Allowance / Loansn/an/an/an/an/an/an/a
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 Capital10.85%12.05%12.55%11.99%12.02%+117 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits157.55%139.62%142.78%137.26%133.50%-2,405 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