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Century National Bank

Zanesville, OH · Cert 28624

FDIC

Q2 2008

$740.1MAssets
$546.9MLoans
$469.9MDeposits
$62.4MEquity
Loan mix
95%RE $399.3M5%C&I $20.5M1%Consumer $2.2MQ2 2007Q2 2008
Deposit mix
93%Interest-bearing $434.7M7%Noninterest $35.2MQ2 2007Q2 2008

NIM

6.19%Q2 ’066.51%Q2 ’075.97%Q2 ’08+3%+4%

Non-interest income vs. expense

2.20%Q2 ’062.38%Q2 ’072.27%Q2 ’08-32%+46%

Executive Summary

  • Earnings: ROA of 1.87%, up 1 bps year over year; NIM at 3.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.18%.
  • Funding: loans stand at 116.39% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

1.87%+1 bps YoY

Net Interest Margin (quarter, annualized)

3.86%+16 bps YoY

Efficiency Ratio (quarter, annualized)

43.00%+11 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.86%1.61%1.84%1.74%1.87%+1 bps
Return on Equity21.27%17.73%20.73%20.43%22.16%+89 bps
Net Interest Margin3.70%3.64%3.83%3.76%3.86%+16 bps
Efficiency Ratio42.89%46.16%48.05%45.22%43.00%+11 bps
Non-Interest Burden0.68%1.06%1.27%1.10%0.99%+31 bps
Growth
Asset Growth (YoY)-2.51%2.15%-2.62%0.74%4.90%+741 bps
Loan Growth (YoY)-0.71%1.25%3.49%2.80%5.84%+655 bps
Deposit Growth (YoY)6.14%-0.46%-2.02%-6.14%-5.85%-1,199 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.23%0.22%0.27%0.06%0.18%-5 bps
Allowance / Loans2.08%2.06%1.86%1.87%1.77%-31 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 Capital11.87%12.31%10.95%10.67%10.81%-106 bps
Equity / Assets9.00%9.16%8.59%8.47%8.43%-57 bps
Liquidity & Funding
Loans / Deposits103.54%109.10%109.58%110.88%116.39%+1,286 bps
Liquid Assets / Assets1.22%1.15%1.16%1.15%1.08%-14 bps
CRE / Total Capitaln/an/an/an/an/an/an/a