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Letter portraitLegal landscapeQuarterYTD

National City Bank

Cleveland, OH · Cert 6557

FDIC

Q3 2009

$131.6BAssets
$89.9BLoans
$92.0BDeposits
$15.4BEquity
Loan mix
70%RE $55.1B26%C&I $20.6B3%Consumer $2.7BQ3 2008Q3 2009
Deposit mix
82%Interest-bearing $75.4B18%Noninterest $16.6BQ3 2008Q3 2009

NIM

6.49%Q3 ’075.28%Q3 ’084.98%Q3 ’09-10%+29%

Non-interest income vs. expense

3.32%Q3 ’075.15%Q3 ’083.38%Q3 ’09+140%-74%

Executive Summary

  • Earnings: ROA of 0.77%, up 440 bps year over year; NIM at 3.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.62%.
  • Funding: loans stand at 97.67% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

0.77%+440 bps YoY

Net Interest Margin (YTD, annualized)

3.79%+86 bps YoY

Efficiency Ratio (YTD, annualized)

53.33%-1,826 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-3.63%-0.22%1.29%0.84%0.77%+440 bps
Return on Equity-33.71%-2.05%12.19%7.91%7.06%+4,077 bps
Net Interest Margin2.92%0.00%3.98%3.70%3.79%+86 bps
Efficiency Ratio71.59%n/a46.73%52.45%53.33%-1,826 bps
Non-Interest Burden4.00%0.10%0.72%0.95%1.04%-296 bps
Growth
Asset Growth (YoY)-1.12%4.76%-4.73%-6.76%-7.54%-643 bps
Loan Growth (YoY)-2.55%-10.33%-18.15%-19.44%-21.15%-1,860 bps
Deposit Growth (YoY)13.59%21.61%9.24%3.45%-2.39%-1,598 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.52%0.00%0.73%1.35%1.62%-91 bps
Allowance / Loansn/an/an/an/an/an/an/a
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 Capital14.06%13.95%15.36%14.57%15.42%+137 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits120.89%100.20%95.36%93.88%97.67%-2,322 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.12%+12 bps
CRE / Total Capitaln/an/an/an/an/an/an/a