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First Commerce Bank

Charlotte, NC · Cert 34215

FDIC

Q2 2003

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 2003, the quarter ended June 30, 2003, 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 2026-10-10

First Commerce Bank

Charlotte, NC · Cert 34215

FDIC

Q2 2003

$188.8MAssets
$111.9MLoans
$149.2MDeposits
$16.3MEquity
Loan mix
48%RE $20.3M51%C&I $21.3M1%Consumer $0.5MQ2 2002Q2 2003
Deposit mix
69%Interest-bearing $103.7M31%Noninterest $45.5MQ2 2002Q2 2003

NIM

7.30%Q2 ’015.46%Q2 ’024.84%Q2 ’03-3%-12%

Non-interest income vs. expense

2.81%Q2 ’012.60%Q2 ’022.09%Q2 ’03-10%-24%

Executive Summary

  • Earnings: ROA of 0.66%, unchanged from a year ago; NIM at 2.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.73%.
  • Funding: loans stand at 74.98% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

0.66%0 bps YoY

Net Interest Margin (YTD, annualized)

2.90%-39 bps YoY

Efficiency Ratio (YTD, annualized)

63.31%-772 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.66%0.70%0.69%0.63%0.66%0 bps
Return on Equity6.74%7.36%7.40%7.07%7.52%+78 bps
Net Interest Margin3.30%3.19%3.12%3.13%2.90%-39 bps
Efficiency Ratio71.03%72.30%71.30%62.76%63.31%-772 bps
Non-Interest Burden2.24%2.21%2.12%1.83%1.69%-54 bps
Growth
Asset Growth (YoY)33.07%36.01%26.12%25.56%16.45%-1,662 bps
Loan Growth (YoY)31.76%25.64%24.98%12.04%-0.24%-3,200 bps
Deposit Growth (YoY)29.16%27.59%19.52%20.61%9.85%-1,931 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.02%0.02%0.37%0.73%+73 bps
Allowance / Loans1.35%1.36%1.44%1.55%1.58%+23 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 Capital12.63%12.32%12.65%12.87%13.00%+37 bps
Equity / Assets9.11%8.59%8.98%8.91%8.62%-49 bps
Liquidity & Funding
Loans / Deposits82.56%81.23%87.76%81.84%74.98%-758 bps
Liquid Assets / Assets0.08%0.25%0.69%1.38%2.65%+257 bps
CRE / Total Capitaln/an/an/an/an/an/an/a