PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

National Bank of Commerce in Superior

Superior, WI · Cert 35347

FDIC

Q4 2002

$230.6MAssets
$152.0MLoans
$189.4MDeposits
$25.3MEquity
Loan mix
44%RE $35.0M56%C&I $44.5M1%Consumer $0.4MQ4 2001Q4 2002
Deposit mix
81%Interest-bearing $153.6M19%Noninterest $35.7MQ4 2001Q4 2002

NIM

7.38%Q1 ’017.08%Q4 ’015.73%Q4 ’02+16%+2%

Non-interest income vs. expense

2.44%Q1 ’012.48%Q4 ’012.30%Q4 ’02-9%-12%

Executive Summary

  • Earnings: ROA of 1.99%, up 30 bps year over year; NIM at 4.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 80.25% of deposits as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

1.99%+30 bps YoY

Net Interest Margin (YTD, annualized)

4.24%+7 bps YoY

Efficiency Ratio (YTD, annualized)

46.03%-451 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets1.68%2.10%2.05%2.00%1.99%+30 bps
Return on Equityn/a20.56%19.87%19.14%18.84%n/a
Net Interest Margin4.17%4.51%4.40%4.22%4.24%+7 bps
Efficiency Ratio50.55%44.80%45.46%46.35%46.03%-451 bps
Non-Interest Burden1.75%1.58%1.55%1.55%1.54%-21 bps
Growth
Asset Growth (YoY)-6.48%0.54%13.13%12.37%9.64%+1,612 bps
Loan Growth (YoY)1.95%2.64%5.80%7.46%12.56%+1,061 bps
Deposit Growth (YoY)-3.34%-0.11%12.05%12.60%8.11%+1,144 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.06%0.04%0.05%0.07%+1 bps
Allowance / Loans1.08%1.05%1.01%1.01%0.95%-13 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 Capital14.59%14.09%14.21%15.01%14.90%+31 bps
Equity / Assets10.12%10.32%10.43%10.81%10.99%+86 bps
Liquidity & Funding
Loans / Deposits77.08%82.12%83.21%79.93%80.25%+318 bps
Liquid Assets / Assets0.06%4.76%4.49%4.44%4.42%+436 bps
CRE / Total Capitaln/an/an/an/an/an/an/a