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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

3.96%Q4 ’012.89%Q4 ’022.02%Q4 ’03-35%-34%

Non-interest income vs. expense

1.51%Q4 ’011.30%Q4 ’022.20%Q4 ’03-16%+175%

Executive Summary

  • Earnings: ROA of -1.08%, down 143 bps year over year; NIM at 0.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.87%.
  • Funding: loans stand at 27.22% of deposits as of Q4 2003.

Financial Results

Return on Assets (quarter, annualized)

-1.08%-143 bps YoY

Net Interest Margin (quarter, annualized)

0.66%-35 bps YoY

Efficiency Ratio (quarter, annualized)

171.47%+9,653 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.35%0.25%0.43%0.12%-1.08%-143 bps
Return on Equity4.83%3.11%5.71%1.89%-18.26%-2,309 bps
Net Interest Margin1.01%1.26%1.22%0.70%0.66%-35 bps
Efficiency Ratio74.94%74.60%65.91%85.05%171.47%+9,653 bps
Non-Interest Burden0.57%0.73%0.54%0.49%1.58%+101 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 / Loans-0.56%0.41%0.09%0.10%2.87%+343 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