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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 $2.7BQ4 2007Q3 2009
Deposit mix
82%Interest-bearing $75.4B18%Noninterest $16.6BQ4 2007Q3 2009

Executive Summary

  • Earnings: ROA of 0.60%, up 614 bps year over year; NIM at 3.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.99%.
  • Funding: loans stand at 97.67% of deposits as of Q3 2009.

Return on Assets (quarter, annualized)

0.60%+614 bps YoY

Net Interest Margin (quarter, annualized)

3.52%+65 bps YoY

Efficiency Ratio (quarter, annualized)

55.32%-2,875 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.63%Q3 ’075.00%Q3 ’084.51%Q3 ’09-11%+23%

Non-interest income vs. expense

3.72%Q3 ’076.98%Q3 ’083.23%Q3 ’09+172%-81%

Discrete quarter, annualized.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-1.11%-0.19%-4.96%-5.54%10.18%1.29%0.37%0.60%+614 bps
Return on Equity-11.99%-1.98%-45.04%-46.50%93.65%12.19%3.47%5.43%+5,192 bps
Net Interest Margin3.14%2.96%2.81%2.87%-8.89%3.98%3.43%3.52%+65 bps
Efficiency Ratio82.22%54.62%78.93%84.07%n/a46.73%58.77%55.32%-2,875 bps
Non-Interest Burden2.62%1.01%4.94%5.93%-11.76%0.72%1.18%1.12%-482 bps
Growth
Asset Growth (YoY)2.77%15.77%5.49%-1.12%4.76%-4.73%-6.76%-7.54%-643 bps
Loan Growth (YoY)7.47%12.86%3.29%-2.55%-10.33%-18.15%-19.44%-21.15%-1,860 bps
Deposit Growth (YoY)10.44%20.53%18.68%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.93%1.83%2.51%3.05%-8.48%0.73%1.95%1.99%-106 bps
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
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 Capital10.32%10.32%14.00%14.06%13.95%15.36%14.57%15.42%+137 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits135.90%127.26%120.56%120.89%100.20%95.36%93.88%97.67%-2,322 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.12%+12 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a