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Key Bank USA, National Association

Cleveland, OH · Cert 34055

FDIC

Q3 2004

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: Q3 2004, the quarter ended September 30, 2004, 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

Key Bank USA, National Association

Cleveland, OH · Cert 34055

FDIC

Q3 2004

$10.4BAssets
$9.5BLoans
$3.2BDeposits
$1.1BEquity
Deposit mix
97%Interest-bearing $3.2B3%Noninterest $0.1BQ3 2003Q3 2004

NIM

8.13%Q3 ’027.25%Q3 ’036.98%Q3 ’04-4%-4%

Non-interest income vs. expense

4.03%Q3 ’023.41%Q3 ’033.32%Q3 ’04-10%-5%

Executive Summary

  • Earnings: ROA of 1.76%, up 8 bps year over year; NIM at 4.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.91%.
  • Funding: loans stand at 292.02% of deposits as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

1.76%+8 bps YoY

Net Interest Margin (YTD, annualized)

4.89%-19 bps YoY

Efficiency Ratio (YTD, annualized)

47.84%+19 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 Assets1.68%1.62%1.63%1.75%1.76%+8 bps
Return on Equity16.01%15.47%14.98%16.18%16.20%+19 bps
Net Interest Margin5.08%4.94%4.94%5.01%4.89%-19 bps
Efficiency Ratio47.64%48.59%48.90%49.74%47.84%+19 bps
Non-Interest Burden1.33%1.37%1.39%1.54%1.27%-6 bps
Growth
Asset Growth (YoY)20.45%13.63%7.67%5.23%3.32%-1,713 bps
Loan Growth (YoY)21.85%18.89%8.32%4.58%1.69%-2,016 bps
Deposit Growth (YoY)14.95%16.96%16.46%-4.02%-7.15%-2,210 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.01%0.98%1.17%0.94%0.91%-10 bps
Allowance / Loans1.55%1.53%1.62%1.48%1.57%+3 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 Capital11.47%11.75%12.42%11.62%11.84%+36 bps
Equity / Assets10.45%10.49%11.31%10.67%10.93%+47 bps
Liquidity & Funding
Loans / Deposits267%274%268%278%292%+2,538 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.01%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a