PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

National Bank of Commerce

Memphis, TN · Cert 4978

FDIC

Q1 2005

$27.8BAssets
$14.8BLoans
$15.5BDeposits
$7.2BEquity
Loan mix
69%RE $6.0B30%C&I $2.6B1%Consumer $0.1BQ2 2003Q1 2005
Deposit mix
83%Interest-bearing $12.8B17%Noninterest $2.7BQ2 2003Q1 2005

Executive Summary

  • Earnings: ROA of 1.17%, down 39 bps year over year; NIM at 2.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.33%.
  • Funding: loans stand at 95.81% of deposits as of Q1 2005.

Return on Assets (YTD, annualized)

1.17%-39 bps YoY

Net Interest Margin (YTD, annualized)

2.85%-50 bps YoY

Efficiency Ratio (YTD, annualized)

43.56%-341 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.98%Q1 ’034.53%Q1 ’044.14%Q1 ’05-1%-15%

Non-interest income vs. expense

2.89%Q1 ’032.61%Q1 ’041.87%Q1 ’05-16%-6%

Year to date, annualized, through each quarter.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets1.32%1.39%1.42%1.55%1.55%1.43%0.30%1.17%-39 bps
Return on Equity10.37%10.96%11.30%12.62%12.79%11.80%1.97%4.52%-809 bps
Net Interest Margin3.29%3.24%3.29%3.34%3.29%3.27%0.69%2.85%-50 bps
Efficiency Ratio52.31%52.05%50.57%46.97%46.23%48.13%49.31%43.56%-341 bps
Non-Interest Burden1.20%1.02%1.01%1.01%0.88%0.99%0.25%0.95%-6 bps
Growth
Asset Growth (YoY)9.18%9.11%6.86%5.53%5.05%5.66%24.83%22.11%+1,657 bps
Loan Growth (YoY)3.40%3.87%2.47%11.34%12.39%11.28%12.87%8.10%-324 bps
Deposit Growth (YoY)9.21%7.25%7.16%5.48%4.49%2.92%-0.47%-2.37%-786 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.26%0.27%0.31%0.27%0.23%0.35%0.10%0.33%+6 bps
Allowance / Loans1.29%1.29%1.28%1.26%1.22%1.18%1.14%1.13%-13 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital11.09%11.22%11.13%10.91%10.92%11.20%10.91%11.06%+15 bps
Equity / Assets12.39%12.36%12.32%12.33%11.75%12.15%25.73%25.88%+1,355 bps
Liquidity & Funding
Loans / Deposits83.36%85.57%85.07%86.53%89.67%92.52%96.47%95.81%+928 bps
Liquid Assets / Assets6.29%6.30%6.22%5.85%4.72%4.53%0.03%0.00%-585 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a