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Key Bank and Trust

Owings Mills, MD · Cert 31263

FDIC

Q3 2010

$538.3MAssets
$417.6MLoans
$500.1MDeposits
$6.7MEquity
Loan mix
87%RE $343.5M13%C&I $50.6M0%Consumer $0.1MQ3 2009Q3 2010
Deposit mix
96%Interest-bearing $479.1M4%Noninterest $20.9MQ3 2009Q3 2010

NIM

6.14%Q3 ’084.28%Q3 ’094.28%Q3 ’10-51%+59%

Non-interest income vs. expense

3.05%Q3 ’082.92%Q3 ’093.96%Q3 ’10+19%+47%

Executive Summary

  • Earnings: ROA of -4.55%, up 326 bps year over year; NIM at 2.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.45%.
  • Funding: loans stand at 83.51% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

-4.55%+326 bps YoY

Net Interest Margin (quarter, annualized)

2.19%+81 bps YoY

Efficiency Ratio (quarter, annualized)

447%+4,379 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-7.81%0.51%-2.66%-4.24%-4.55%+326 bps
Return on Equity-183.05%14.67%-78.13%-159.51%-260%-7,735 bps
Net Interest Margin1.38%1.76%2.05%2.14%2.19%+81 bps
Efficiency Ratio403%95.44%151.14%7265%447%+4,379 bps
Non-Interest Burden3.57%1.60%3.11%5.53%5.26%+169 bps
Growth
Asset Growth (YoY)1.39%-8.99%-11.42%-10.53%-18.31%-1,970 bps
Loan Growth (YoY)-10.73%-14.90%-17.51%-17.36%-18.21%-748 bps
Deposit Growth (YoY)6.31%-6.21%-9.57%-8.28%-13.17%-1,948 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.15%4.00%6.51%0.50%2.45%-170 bps
Allowance / Loans3.58%3.96%3.11%3.47%3.54%-4 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 Capital5.88%6.37%5.71%4.38%2.81%-306 bps
Equity / Assets3.32%3.69%3.11%2.20%1.25%-207 bps
Liquidity & Funding
Loans / Deposits88.66%89.44%86.45%83.49%83.51%-514 bps
Liquid Assets / Assets8.98%3.54%3.97%6.28%2.11%-688 bps
CRE / Total Capitaln/an/an/an/an/an/an/a