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Commerce National Bank

Worthington, OH · Cert 33433

FDIC

Q2 2009

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2009, the quarter ended June 30, 2009, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Commerce National Bank

Worthington, OH · Cert 33433

FDIC

Q2 2009

$638.9MAssets
$546.3MLoans
$483.5MDeposits
$84.7MEquity
Loan mix
56%RE $265.5M44%C&I $208.5M0%Consumer $1.1MQ2 2008Q2 2009
Deposit mix
84%Interest-bearing $406.9M16%Noninterest $76.6MQ2 2008Q2 2009

NIM

6.45%Q2 ’076.20%Q2 ’085.51%Q2 ’09+6%-6%

Non-interest income vs. expense

2.04%Q2 ’072.17%Q2 ’082.10%Q2 ’09+8%-3%

Executive Summary

  • Earnings: ROA of 0.14%, down 65 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.27%.
  • Funding: loans stand at 112.98% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

0.14%-65 bps YoY

Net Interest Margin (YTD, annualized)

3.20%-20 bps YoY

Efficiency Ratio (YTD, annualized)

58.09%+172 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets0.79%0.79%0.66%0.56%0.14%-65 bps
Return on Equity5.77%5.82%4.89%4.23%1.06%-471 bps
Net Interest Margin3.40%3.29%3.25%3.13%3.20%-20 bps
Efficiency Ratio56.37%54.75%55.31%57.79%58.09%+172 bps
Non-Interest Burden1.97%1.84%1.88%1.87%1.91%-5 bps
Growth
Asset Growth (YoY)13.14%12.76%11.66%8.06%5.29%-785 bps
Loan Growth (YoY)16.36%16.07%13.23%6.51%1.76%-1,460 bps
Deposit Growth (YoY)12.24%17.84%15.61%10.41%9.14%-311 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.05%0.22%0.10%0.27%+27 bps
Allowance / Loans0.94%0.98%0.95%1.07%1.49%+55 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 Capital10.68%10.58%10.58%10.99%11.21%+53 bps
Equity / Assets13.57%13.09%13.01%13.22%13.25%-32 bps
Liquidity & Funding
Loans / Deposits121.17%115.99%117.33%117.84%112.98%-819 bps
Liquid Assets / Assets0.04%0.04%0.04%0.03%0.67%+63 bps
CRE / Total Capitaln/an/an/an/an/an/an/a