PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 (quarter, annualized)

0.85%-19 bps YoY

Net Interest Margin (quarter, annualized)

3.57%-20 bps YoY

Efficiency Ratio (quarter, annualized)

68.23%+502 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets1.04%1.36%0.84%1.01%0.85%-19 bps
Return on Equity15.84%23.37%17.26%19.78%14.58%-126 bps
Net Interest Margin3.77%3.85%3.38%3.70%3.57%-20 bps
Efficiency Ratio63.22%55.22%66.11%61.87%68.23%+502 bps
Non-Interest Burden1.91%1.51%1.72%1.75%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%0.05%0.09%0.03%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