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Letter portraitLegal landscapeQuarterYTD

Commercial Bank, The

Delphos, OH · Cert 750

FDIC

Q4 2004

$199.2MAssets
$119.9MLoans
$166.0MDeposits
$21.4MEquity
Loan mix
79%RE $45.1M20%C&I $11.2M1%Consumer $0.6MQ4 2003Q4 2004
Deposit mix
88%Interest-bearing $146.9M12%Noninterest $19.2MQ4 2003Q4 2004

NIM

6.00%Q4 ’025.16%Q4 ’035.02%Q4 ’04+2%+4%

Non-interest income vs. expense

2.71%Q4 ’022.87%Q4 ’033.58%Q4 ’04-1%+45%

Executive Summary

  • Earnings: ROA of 0.45%, up 75 bps year over year; NIM at 3.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 72.21% of deposits as of Q4 2004.

Financial Results

Return on Assets (YTD, annualized)

0.45%+75 bps YoY

Net Interest Margin (YTD, annualized)

3.62%+15 bps YoY

Efficiency Ratio (YTD, annualized)

85.14%+1,748 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets-0.30%0.57%0.66%0.38%0.45%+75 bps
Return on Equity-3.33%5.71%6.67%3.83%4.39%+772 bps
Net Interest Margin3.47%3.46%3.43%3.46%3.62%+15 bps
Efficiency Ratio67.66%76.13%77.92%86.53%85.14%+1,748 bps
Non-Interest Burden2.09%2.65%2.53%2.96%3.02%+93 bps
Growth
Asset Growth (YoY)-4.72%-0.36%-0.74%-1.12%-4.13%+60 bps
Loan Growth (YoY)-8.57%-8.35%-8.54%-7.35%-6.89%+168 bps
Deposit Growth (YoY)-3.97%0.59%0.37%0.09%-3.61%+36 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.87%-0.08%-0.11%0.06%0.13%-174 bps
Allowance / Loans2.97%3.09%3.19%3.12%3.11%+14 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 Capital18.52%18.99%19.47%19.63%19.97%+146 bps
Equity / Assets9.90%9.96%9.90%10.34%10.72%+83 bps
Liquidity & Funding
Loans / Deposits74.75%72.05%70.80%72.41%72.21%-255 bps
Liquid Assets / Assets0.08%0.08%0.10%0.11%0.11%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a