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Commerce Bank/Delaware, N.A.

Wilmington, DE · Cert 34877

FDIC

Q1 2005

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: Q1 2005, the quarter ended March 31, 2005, 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 Bank/Delaware, N.A.

Wilmington, DE · Cert 34877

FDIC

Q1 2005

$403.1MAssets
$128.8MLoans
$378.8MDeposits
$22.7MEquity
Loan mix
93%RE $64.2M5%C&I $3.7M1%Consumer $1.0MQ1 2004Q1 2005
Deposit mix
67%Interest-bearing $253.0M33%Noninterest $125.8MQ1 2004Q1 2005

NIM

4.27%Q1 ’034.28%Q1 ’044.47%Q1 ’05+9%-5%

Non-interest income vs. expense

4.03%Q1 ’033.19%Q1 ’043.27%Q1 ’05-33%+7%

Executive Summary

  • Earnings: ROA of 0.85%, down 19 bps year over year; NIM at 3.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.39%.
  • Funding: loans stand at 34.01% of deposits as of Q1 2005.

Financial Results

Return on Assets (YTD, annualized)

0.85%-19 bps YoY

Net Interest Margin (YTD, annualized)

3.57%-20 bps YoY

Efficiency Ratio (YTD, annualized)

68.23%+502 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets1.04%1.21%1.04%1.07%0.85%-19 bps
Return on Equity15.84%19.74%18.58%18.90%14.58%-126 bps
Net Interest Margin3.77%3.65%3.35%3.33%3.57%-20 bps
Efficiency Ratio63.22%58.98%61.49%61.59%68.23%+502 bps
Non-Interest Burden1.91%1.63%1.57%1.56%2.05%+14 bps
Growth
Asset Growth (YoY)39.78%26.18%72.56%29.01%17.97%-2,181 bps
Loan Growth (YoY)21.06%38.85%39.34%29.73%47.16%+2,610 bps
Deposit Growth (YoY)33.89%27.11%78.30%31.24%27.39%-650 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.06%0.07%0.05%0.39%+30 bps
Allowance / Loans1.46%1.33%1.28%1.27%1.17%-30 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 Capital13.70%13.11%11.12%12.63%12.24%-146 bps
Equity / Assets6.17%5.45%4.43%6.03%5.62%-55 bps
Liquidity & Funding
Loans / Deposits29.44%31.46%23.69%33.93%34.01%+457 bps
Liquid Assets / Assets0.00%0.00%0.00%20.62%18.85%+1,885 bps
CRE / Total Capitaln/an/an/an/an/an/an/a