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Letter portraitLegal landscapeQuarterYTD

First Mercantile Bank, National Association

Dallas, TX · Cert 34625

FDIC

Q4 2001

$360.0MAssets
$268.0MLoans
$312.6MDeposits
$30.9MEquity
Loan mix
56%RE $77.9M37%C&I $51.8M6%Consumer $8.4MQ4 2000Q4 2001
Deposit mix
75%Interest-bearing $235.0M25%Noninterest $77.6MQ4 2000Q4 2001

NIM

8.72%Q1 ’017.54%Q3 ’016.38%Q4 ’01-11%-9%

Non-interest income vs. expense

4.30%Q1 ’014.38%Q3 ’013.69%Q4 ’01-31%+3%

Executive Summary

  • Earnings: ROA of -0.13%, down 75 bps year over year; NIM at 4.16%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 85.72% of deposits as of Q4 2001.

Financial Results

Return on Assets (quarter, annualized)

-0.13%-75 bps YoY

Net Interest Margin (quarter, annualized)

4.16%

Efficiency Ratio (quarter, annualized)

72.80%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets0.63%0.62%0.74%0.89%-0.13%-75 bps
Return on Equityn/an/a8.97%10.29%-1.43%n/a
Net Interest Marginn/a5.16%5.10%4.59%4.16%n/a
Efficiency Ration/a77.53%76.51%69.86%72.80%n/a
Non-Interest Burdenn/a3.92%3.81%2.70%2.78%n/a
Growth
Asset Growth (YoY)61.62%63.16%58.88%113.47%89.79%+2,817 bps
Loan Growth (YoY)75.99%69.88%66.52%108.96%91.13%+1,514 bps
Deposit Growth (YoY)57.04%59.18%50.48%102.23%80.55%+2,352 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.01%0.12%0.01%0.26%n/a
Allowance / Loansn/a0.71%0.70%0.85%1.25%n/a
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 Capitaln/a11.65%10.53%9.02%8.80%n/a
Equity / Assetsn/a8.63%8.01%9.08%8.58%n/a
Liquidity & Funding
Loans / Deposits80.98%82.00%90.66%83.68%85.72%+474 bps
Liquid Assets / Assets0.00%1.96%1.79%1.01%0.75%+75 bps
CRE / Total Capitaln/an/an/an/an/an/an/a