PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Morgan Bank, National Association

Hudson, OH · Cert 32798

FDIC

Q1 2007

$125.3MAssets
$97.3MLoans
$106.2MDeposits
$10.3MEquity
Loan mix
56%RE $14.1M44%C&I $10.9M0%Consumer $0.0MQ1 2006Q1 2007
Deposit mix
90%Interest-bearing $95.1M10%Noninterest $11.1MQ1 2006Q1 2007

NIM

4.82%Q1 ’055.04%Q1 ’065.68%Q1 ’07-21%+9%

Non-interest income vs. expense

2.70%Q1 ’052.78%Q1 ’062.91%Q1 ’07+3%+1%

Executive Summary

  • Earnings: ROA of 0.14%, up 9 bps year over year; NIM at 2.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 91.60% of deposits as of Q1 2007.

Financial Results

Return on Assets (YTD, annualized)

0.14%+9 bps YoY

Net Interest Margin (YTD, annualized)

2.47%+20 bps YoY

Efficiency Ratio (YTD, annualized)

91.78%-553 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets0.05%0.25%0.29%0.46%0.14%+9 bps
Return on Equity0.63%3.25%3.78%5.98%1.71%+109 bps
Net Interest Margin2.27%2.34%2.29%2.32%2.47%+20 bps
Efficiency Ratio97.30%86.74%84.43%75.98%91.78%-553 bps
Non-Interest Burden2.19%1.94%1.82%1.49%2.21%+2 bps
Growth
Asset Growth (YoY)-0.80%4.84%0.71%0.32%2.13%+293 bps
Loan Growth (YoY)5.84%13.78%3.53%5.64%8.70%+286 bps
Deposit Growth (YoY)4.44%2.95%10.10%4.25%-2.33%-677 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.21%0.17%0.20%0.24%0.10%-10 bps
Allowance / Loans0.92%0.88%0.84%0.87%0.86%-6 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 Capital10.63%10.28%10.27%10.54%10.73%+10 bps
Equity / Assets7.80%7.47%7.63%8.02%8.23%+43 bps
Liquidity & Funding
Loans / Deposits82.30%86.55%82.91%87.95%91.60%+929 bps
Liquid Assets / Assets0.00%0.00%0.00%0.08%0.08%+8 bps
CRE / Total Capitaln/an/an/an/an/an/an/a