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Century National Bank

Zanesville, OH · Cert 29575

FDIC

Q3 2004

$503.2MAssets
$312.8MLoans
$350.4MDeposits
$33.6MEquity
Loan mix
93%RE $177.4M6%C&I $11.8M1%Consumer $2.3MQ3 2003Q3 2004
Deposit mix
97%Interest-bearing $340.5M3%Noninterest $9.9MQ3 2003Q3 2004

NIM

6.75%Q3 ’026.08%Q3 ’035.27%Q3 ’04-4%-11%

Non-interest income vs. expense

2.43%Q3 ’022.54%Q3 ’032.35%Q3 ’04-21%+20%

Executive Summary

  • Earnings: ROA of 1.70%, down 22 bps year over year; NIM at 3.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 89.26% of deposits as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

1.70%-22 bps YoY

Net Interest Margin (YTD, annualized)

3.89%-47 bps YoY

Efficiency Ratio (YTD, annualized)

47.50%+391 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets1.93%1.65%1.76%1.71%1.70%-22 bps
Return on Equity29.12%25.81%29.47%29.35%28.15%-97 bps
Net Interest Margin4.36%4.27%3.99%3.72%3.89%-47 bps
Efficiency Ratio43.59%44.84%48.38%47.71%47.50%+391 bps
Non-Interest Burden1.07%1.16%1.32%1.22%1.29%+22 bps
Growth
Asset Growth (YoY)2.42%15.95%-0.80%15.23%12.46%+1,004 bps
Loan Growth (YoY)4.16%5.24%2.00%4.30%7.26%+309 bps
Deposit Growth (YoY)-1.27%1.59%-0.01%5.66%7.26%+853 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.61%0.54%-0.08%0.00%0.05%-56 bps
Allowance / Loans1.95%2.32%2.33%2.28%2.22%+27 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 Capital14.11%11.83%12.80%12.79%13.48%-63 bps
Equity / Assets7.34%5.56%6.43%5.57%6.68%-66 bps
Liquidity & Funding
Loans / Deposits89.27%86.08%86.70%86.16%89.26%-1 bps
Liquid Assets / Assets1.88%1.12%0.70%0.00%0.85%-103 bps
CRE / Total Capitaln/an/an/an/an/an/an/a