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Metropolitan National Bank

Youngstown, OH · Cert 32298

FDIC

Q3 2002

$330.1MAssets
$252.8MLoans
$271.7MDeposits
$23.9MEquity
Loan mix
77%RE $135.0M22%C&I $37.9M1%Consumer $1.8MQ3 2001Q3 2002
Deposit mix
88%Interest-bearing $239.6M12%Noninterest $32.1MQ3 2001Q3 2002

NIM

7.25%Q1 ’017.07%Q3 ’016.09%Q3 ’02+9%-3%

Non-interest income vs. expense

3.31%Q1 ’013.20%Q3 ’013.19%Q3 ’02-5%-6%

Executive Summary

  • Earnings: ROA of 1.45%, down 6 bps year over year; NIM at 4.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Funding: loans stand at 93.05% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

1.45%-6 bps YoY

Net Interest Margin (quarter, annualized)

4.33%-14 bps YoY

Efficiency Ratio (quarter, annualized)

57.89%+3 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.52%1.47%0.92%1.32%1.45%-6 bps
Return on Equity20.76%20.63%12.98%18.88%20.52%-24 bps
Net Interest Margin4.47%4.42%4.40%4.28%4.33%-14 bps
Efficiency Ratio57.86%55.67%72.37%60.95%57.89%+3 bps
Non-Interest Burden2.14%1.96%2.88%2.18%2.01%-12 bps
Growth
Asset Growth (YoY)-1.16%3.83%1.70%7.99%7.95%+911 bps
Loan Growth (YoY)-3.15%2.87%4.10%6.58%8.16%+1,130 bps
Deposit Growth (YoY)1.53%5.77%-0.09%6.65%3.24%+171 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%1.14%0.01%0.16%0.09%-3 bps
Allowance / Loans1.20%0.99%1.01%0.99%0.99%-22 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 Capital10.72%10.58%10.81%10.34%10.66%-6 bps
Equity / Assets7.21%7.00%7.13%6.90%7.24%+3 bps
Liquidity & Funding
Loans / Deposits88.82%86.07%88.02%89.88%93.05%+423 bps
Liquid Assets / Assets0.06%0.93%0.93%1.01%0.99%+93 bps
CRE / Total Capitaln/an/an/an/an/an/an/a