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Charter One Bank, National Association

Cleveland, OH · Cert 28932

FDIC

Q2 2007

$46.4BAssets
$33.0BLoans
$21.3BDeposits
$8.0BEquity
Loan mix
83%RE $22.5B17%C&I $4.6B0%Consumer $0.0BQ2 2006Q2 2007
Deposit mix
94%Interest-bearing $20.0B6%Noninterest $1.3BQ2 2006Q2 2007

NIM

4.84%Q2 ’054.89%Q2 ’065.09%Q2 ’07-21%-5%

Non-interest income vs. expense

3.17%Q2 ’052.10%Q2 ’061.64%Q2 ’07-62%+24%

Executive Summary

  • Earnings: ROA of 0.66%, down 34 bps year over year; NIM at 2.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.55%.
  • Funding: loans stand at 155.25% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

0.66%-34 bps YoY

Net Interest Margin (quarter, annualized)

2.03%-12 bps YoY

Efficiency Ratio (quarter, annualized)

50.89%-261 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.01%0.81%1.10%0.44%0.66%-34 bps
Return on Equity5.76%4.73%6.37%2.54%3.81%-195 bps
Net Interest Margin2.14%2.13%2.02%2.02%2.03%-12 bps
Efficiency Ratio53.49%53.28%48.91%61.76%50.89%-261 bps
Non-Interest Burden0.57%0.76%0.26%1.04%0.70%+13 bps
Growth
Asset Growth (YoY)12.14%11.43%11.10%4.45%1.03%-1,111 bps
Loan Growth (YoY)19.60%15.12%13.13%6.72%3.98%-1,562 bps
Deposit Growth (YoY)7.86%3.56%0.26%4.88%-2.95%-1,081 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.15%0.25%0.31%0.35%0.55%+40 bps
Allowance / Loansn/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 Capital11.04%11.33%11.78%10.97%10.28%-76 bps
Equity / Assetsn/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits144.91%153.87%154.48%149.73%155.25%+1,034 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