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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 ’016.60%Q4 ’015.66%Q4 ’02+26%-6%

Non-interest income vs. expense

2.44%Q1 ’012.59%Q4 ’012.26%Q4 ’02-12%-10%

Executive Summary

  • Earnings: ROA of 1.95%, down 4 bps year over year; NIM at 4.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 80.25% of deposits as of Q4 2002.

Financial Results

Return on Assets (quarter, annualized)

1.95%-4 bps YoY

Net Interest Margin (quarter, annualized)

4.27%-28 bps YoY

Efficiency Ratio (quarter, annualized)

45.09%-248 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets1.99%2.10%2.00%1.89%1.95%-4 bps
Return on Equity19.46%20.56%19.29%17.79%17.90%-156 bps
Net Interest Margin4.54%4.51%4.36%4.27%4.27%-28 bps
Efficiency Ratio47.57%44.80%46.13%48.12%45.09%-248 bps
Non-Interest Burden1.69%1.58%1.54%1.69%1.52%-17 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 / Loans0.09%0.06%0.03%0.07%0.11%+3 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