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Wells Fargo Bank Ohio, National Association

Van Wert, OH · Cert 778

FDIC

Q4 2003

$110.0MAssets
$27.7MLoans
$101.9MDeposits
$6.3MEquity
Loan mix
60%RE $11.1M39%C&I $7.2M1%Consumer $0.3MQ4 2002Q4 2003
Deposit mix
88%Interest-bearing $90.2M12%Noninterest $11.8MQ4 2002Q4 2003

NIM

4.87%Q4 ’012.98%Q4 ’022.10%Q4 ’03-38%-29%

Non-interest income vs. expense

1.67%Q4 ’011.28%Q4 ’021.39%Q4 ’03-29%+23%

Executive Summary

  • Earnings: ROA of -0.13%, down 40 bps year over year; NIM at 0.81%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.89%.
  • Funding: loans stand at 27.22% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

-0.13%-40 bps YoY

Net Interest Margin (YTD, annualized)

0.81%-33 bps YoY

Efficiency Ratio (YTD, annualized)

96.11%+2,538 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.27%0.25%0.34%0.26%-0.13%-40 bps
Return on Equity3.65%3.11%4.41%3.57%-1.86%-551 bps
Net Interest Margin1.15%1.26%1.19%0.91%0.81%-33 bps
Efficiency Ratio70.73%74.60%70.22%74.62%96.11%+2,538 bps
Non-Interest Burden0.62%0.73%0.61%0.51%0.76%+14 bps
Growth
Asset Growth (YoY)10.05%-2.68%0.69%17.67%34.49%+2,444 bps
Loan Growth (YoY)-24.35%9.92%6.30%-5.55%-13.25%+1,110 bps
Deposit Growth (YoY)15.03%-0.35%1.14%19.15%36.41%+2,138 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.21%0.41%0.25%0.22%0.89%+68 bps
Allowance / Loans1.05%0.98%0.97%1.07%1.12%+7 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 Capital15.10%15.56%14.81%14.99%14.50%-60 bps
Equity / Assets7.85%8.08%7.06%6.09%5.72%-212 bps
Liquidity & Funding
Loans / Deposits42.80%43.58%37.42%28.86%27.22%-1,558 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a