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UNIFORM BANK PERFORMANCE REPORT (UBPR)
VALHALLA COMMERCE BANK CERTIFICATE NUMBER 12345
TABLE OF CONTENTS
SUMMARY RATIOS 1
INCOME INFORMATION
INCOME STATEMENT - REVENUES AND EXPENSES ($000) 2 NONINTEREST INCOME AND EXPENSES ($000) AND YIELDS 3
BALANCE SHEET INFORMATION
BALANCE SHEET - ASSETS, LIABILITIES & CAPITAL ($000) 4 OFF-BALANCE SHEET ITEMS 5 DERIVATIVE INSTRUMENTS 5A DERIVATIVES ANALYSIS 5B BALANCE SHEET - % COMPOSITION OF ASSETS & LIABILITIES 6 ANALYSIS OF CREDIT ALLOWANCE AND LOAN MIX 7 ANALYSIS OF LOAN AND LEASE ALLOWANCE AND LOAN MIX 7A ANALYSIS OF CONCENTRATIONS OF CREDIT 7B
ANALYSIS OF PAST DUE, NONACCRUAL & RESTRUCTURED LN&LS 8 ANALYSIS OF PAST DUE, NONACCRUAL & RESTRUCTURED LOANS & LEASES 8A INTEREST RATE RISK ANALYSIS 9 LIQUIDITY AND INVESTMENT PORTFOLIO 10 LIQUIDITY AND INVESTMENT PORTFOLIO 10A RISK-BASED CAPITAL ANALYSIS 11 CAPITAL ANALYSIS 11A ONE QUARTER ANNUALIZED INCOME ANALYSIS 12 SECURITIZATION AND ASSET SALE ACTIVITIES 13 PAST DUE AND CHARGED OFF SECURITIZATION ACTIVITIES 13A
Cert #: 12345 DIST/RSSD:
Charter: NA County: Valhalla Commerce Bank Page 0
Year: 2015 - Quarter: 1
ADDRESSEE Bank and Bank Holding Company Information
CERTIFICATE #: 12345 CHARTER #: NA
DIST/RSSD:
Valhalla Commerce Bank(HOLDING CO. # )
Anycity, Anystate
(Holding company refers to top holder)
Capital Analysis 11
One Quarter Annualized Income Analysis 12
Securitization and Asset Sale Activities 13
Analysis of Past Due, Nonaccrual & Restructured LN&LS 8
Interest Rate Risk Analysis 9
Liquidity and Investment Portfolio 10
Off-Balance Sheet Items 5
Balance Sheet - % Composition of Assets & Liabilities 6
As of the date of preparation of this report, Your Bank's Federal Regulator was The Federal Deposit Insurance Corporation.
Your Current Peer Group #4 includes all Insured Commercial Banks having Assets
ASSETS BETWEEN $100 MILLION AND $300 MILLION IN A METRO AREA WITH 3 OR MORE FULL SERVICE OFFICES.
For the Definition of Other UBPR Peer Groups, Refer to the UBPR User's Guide.
Information
THIS UNIFORM BANK PERFORMANCE REPORT COVERS THE OPERATIONS OF YOUR BANK AND THAT OF A COMPARABLE GROUP OF PEER BANKS. IT IS PROVIDED FOR YOUR USE AS A
MANAGEMENT TOOL BY THE FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL. DETAILED INFORMATION CONCERNING THIS REPORT IS PROVIDED IN "A USER'S GUIDE FOR
THE UNIFORM BANK PERFORMANCE REPORT"; FORWARDED TO YOUR BANK UNDER SEPARATE COVER.TO OBTAIN ADDITIONAL USER'S GUIDE OR OTHER UBPR MATERIALS, CALL THE
NUMBER INDICATED BELOW FOR ORDERING ASSISTANCE.
Noninterest Income and Expenses ($000) and Yields 3
Balance Sheet Information:
Balance Sheet - Assets, Liabilities & Capital ($000) 4
Summary Ratios 1
Income Information:
Income Statement - Revenues and Expenses ($000) 2
Table of Contents
Sections Page Number
Analysis of Credit Allowance and Loan Mix 7
Note: This Report has been produced for the use of the Federal Regulators of Financial Institutions in carrying out their supervisory responsibilities. All informaiton contained herein was obtained from sources deemed reliable. However, no guarantee is given as to the accuracy of the data or of the calculations
derived therefrom the data and calculations in this report do not indicate approval of disapproval of any particular institution's performance and are not to be construed as a rating of any institution by Federal Bank Regulators. Users are cautioned that any conclusions drawn from this report are their own and are
not to be attributed to the Federal Bank Regulators.
The Reports of condition and income for this bank contain additional information not included in this performance report, such as an optional narrative statement by the bank.
(In the Washington, DC Area: (202) 898-7108)
Questions Regarding Content of Reports: (202) 872-7500
State Average Summary STAVG
For Ordering Assistance Phone: (800) 945-2186
No Summary Information Available for this Institution
Cert #: 12345 DIST/RSSD:
Valhalla
Commerce Bank Page 1
Charter: NA County: Anycounty
Date
Average Assets ($000)
Net Income ($000)
Number Of Banks In Peer Group
Earnings And Profitability Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Percent Of Average Assets:
Interest Income (TE) 6.87 6.76 58 6.23 6.27 49 6.59 6.62 49 5.86 5.89 5.23 5.38
- Interest Expense 3.01 2.82 59 2.31 2.16 58 2.66 2.49 59 1.87 1.75 1.45 1.34
Net Interest Income (TE) 3.85 3.94 47 3.92 4.12 39 3.93 4.14 40 3.99 4.15 3.78 4.04
+ Noninterest Income 0.35 0.73 16 0.41 0.75 20 0.39 0.78 15 0.45 0.8 0.46 0.85
- Non-interest Expense 3.48 3.19 66 3.53 3.19 69 3.47 3.21 64 3.48 3.2 3.52 3.21
- Provision: Loan&lease Losses 0.09 0.11 47 0.05 0.14 27 0.07 0.16 29 0.21 0.16 0.19 0.18
= Pretax Operating Income (TE) 0.63 1.37 16 0.75 1.55 10 0.78 1.54 13 0.75 1.61 0.53 1.52
+ Realized Gain/loss Secs 0 0 91 0 0 93 0 0 85 0 0 0 0.01
= Pretax Net Operating INC(TE) 0.63 1.37 16 0.75 1.55 11 0.78 1.53 14 0.75 1.6 0.54 1.53
Net Operating Income 0.42 0.99 14 0.5 1.1 11 0.51 1.1 12 0.5 1.13 0.35 1.09
Adjusted Net Operating Income 0.5 1.06 17 0.55 1.2 11 0.58 1.17 12 0.71 1.21 0.48 1.16
NET INC ATTRIB TO MIN INTS N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Net Income Adjusted Sub S 0.42 0.89 15 0.5 1 11 0.51 1 13 0.5 1.04 0.35 1
Net Income 0.42 0.99 14 0.5 1.1 11 0.51 1.1 12 0.5 1.14 0.35 1.09
Margin Analysis:
Avg Earning Assets To Avg Asst 97.03 93.55 91 97.09 93.53 93 96.8 93.55 91 96.71 93.42 95.78 93.26
Avg Int-bearing Funds To Avg Ast 79.88 75.84 67 76.8 74.89 54 75.45 74.92 47 75.61 74.5 76.91 75.19
Int Inc (TE) To Avg Earn Assets 7.08 7.24 43 6.41 6.72 35 6.8 7.09 37 6.05 6.33 5.46 5.78
Int Expense To Avg Earn Assets 3.1 3.02 53 2.38 2.32 51 2.74 2.66 52 1.93 1.88 1.51 1.44
Net Int Inc-te To Avg Earn Asset 3.97 4.23 40 4.03 4.41 32 4.06 4.44 34 4.12 4.46 3.94 4.34
Loan & Lease Analysis
Net Loss To Avg Total Ln&ls 0 0.07 40 0 0.06 27 0 0.12 13 -0.01 0.13 0.09 0.16
Earnings Coverage Of Net LOSS(X) N/A 56.34 N/A 65.55 N/A 46.75 N/A 50.23 10.9 38.12
Ln&ls Allowance To Net LOSSES(X) N/A 33.77 N/A 32.59 N/A 24.71 N/A 24.03 11.08 18.42
Ln&ls Allow to Ln&lS not HFS 1.04 1.21 31 1.07 1.2 35 1.06 1.2 35 1.03 1.21 0.95 1.22
Ln&ls Allowance To Total Ln&ls 1.04 1.2 31 1.07 1.2 36 1.06 1.2 35 1.03 1.2 0.95 1.22
Non-current Ln&ls To Gross Ln&ls 0.59 0.7 56 0 0.54 9 0.5 0.63 52 0.25 0.56 0.16 0.57
Liquidity
Net Non Core Fund Dependence $100M 20.23 17.02 58 13.97 16.57 42 21.29 17.84 58 17.34 16.42 8.78 15.41
Net Non Core Fund Dependence $250M 23.01 18.52 61 16.99 17.82 49 21.29 19.1 56 17.34 17.54 8.78 16.34
Net Loans & Leases To Assets 85.06 69.07 93 78.49 68.58 76 80.68 69 84 80.68 68.29 72.48 67.99
Capitalization:
Tier One Leverage Capital 8.29 9.59 25 8.03 9.43 23 7.88 9.51 17 7.84 9.36 7.6 9.16
Cash Dividends To Net Income 0 33.27 48 0 27.97 50 64.77 37.76 72 0 32.51 0 30.99
Retain Earns To Avg Tot Equity 5.17 5.59 44 6.44 7.01 44 2.36 6.12 22 6.65 7.14 4.86 6.96
Restr+nonac+re Acq To Eqcap+all 3.24 4.95 48 0 3.97 11 3.56 4.49 52 0 4.1 1.4 4.24
Growth Rates
Assets 3.89 8.36 34 9.83 10.9 52 5.57 8.82 41 9.49 10.54 11.37 10.68
Tier One Capital 7.7 8.65 52 14.58 11.01 74 5.83 9.24 40 14.2 11.44 17.37 11.64
Net Loans & Leases 12.59 9.75 64 16.66 12.61 67 5.57 10.53 36 21.87 12.15 13.11 14.01
Short Term Investments -34.02 50.42 21 -5.79 80.61 34 104.07 57.94 75 -57.92 74.29 24.14 39.39
Short Term Non Core Funding 96.61 31.85 88 -21.3 40.32 6 58.45 37.73 71 25.64 35.56 19.47 19.66
848 867 847 864 912
152,696 146,277 150,613 138,151 127,468
159 182 772 688 450
Summary Ratios Year: 2015 - Quarter: 1
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Interest and Fees on Loans
Income from Lease Financing
Tax-Exempt
Estimated Tax Benefit
Income on Loans & Leases (TE)
U.S. Treas & Agency (EXCL MBS)
Mortgage Backed Securities
Estimated Tax Benefit
All Other Securities
Tax Exempt Securities Income
Investmt Interest Income (TE)
Interest on Due from Banks
Interest on Fed Funds Sold & Resales
Trading Account Income
Other Interest Income
Total Interest Income (TE)
Int on Deposits in Foreign Off
Interest on Time Deposit Over $100M
Interest on All Other Deposits
Int on Fed Funds Purch & Repos
Int Trad Liab + Oth Borrowings
Int on Mortgages & Leases
Int on Sub Notes & Debentures
Total Interest Expense
Net Interest Income (TE)
Non-Interest Income
Adjusted Operating Inc (TE)
Non-Interest Expense
Provision: Loan & Lease Losses
Pretax Operating Income (TE)
Realized G/L HLD-To-Maturity SEC
Realized G/L Avail-For-Sale SEC
Pretax Net Operating Inc (TE)
Applicable Income Taxes
Current Tax Equiv Adjustment
Other Tax Equiv Adjustments
Applicable Income Taxes (TE)
Net Operating Income
Percent Change
(1 Year)
2,443 2,074 9,070 7,236 5,908 17.79
Date 3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Valhalla Commerce Bank Page 2
Income Statement - Revenues and Expenses ($000) Year: 2015 - Quarter: 1
0 0 0 0 0 N/A
0 0 0 0 0 N/A
0 0 0 0 0 N/A
165 168 738 729 717 -1.79
2,443 2,074 9,070 7,236 5,908 17.79
3 9 25 33 0 -66.67
0 0 0 0 0 N/A
0 0 0 0 0 N/A
168 177 763 762 717 -5.08
0 0 0 0 0 N/A
0 0 0 0 0 N/A
10 25 84 86 39 -60.00
0 1 2 4 0 -100.00
2,621 2,277 9,919 8,089 6,664 15.11
0 0 0 1 0 N/A
355 215 1,033 630 417 65.12
N/A N/A N/A N/A N/A N/A
53 28 146 30 0 89.29
1 14 75 57 33 -92.86
741 588 2,746 1,866 1,399 26.02
0 0 0 0 0 N/A
N/A N/A N/A N/A N/A N/A
1,471 1,432 5,919 5,506 4,815 2.72
1,150 845 4,000 2,583 1,849 36.09
1,605 1,581 6,501 6,132 5,399 1.52
134 149 582 626 584 -10.07
242 274 1,168 1,039 676 -11.68
33 17 104 284 240 94.12
1,330 1,290 5,229 4,809 4,483 3.10
0 0 0 0 6 N/A
0 0 0 0 0 N/A
83 92 396 351 232 -9.78
242 274 1,168 1,039 682 -11.68
83 92 396 351 232 -9.78
0 0 0 0 0 N/A
0 0 0 0 0 N/A
159 182 772 688 450 -12.64
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Net Extraordinary Items
Net income Noncontrolling minority interests
Net Income
Cash Dividends Declared
Retained Earnings
MEMO: Net International Income N/A N/A N/A N/A N/A N/A
Date 3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012Percent Change
(1 Year)
Valhalla Commerce Bank Page 2 (continued)
Income Statement - Revenues and Expenses ($000) Year: 2015 - Quarter: 1
159 182 772 688 450 -12.64
N/A N/A N/A N/A N/A N/A
0 0 0 0 0 N/A
159 182 272 688 450 -12.64
0 0 500 0 0 N/A
Cert #: 12345 DIST/RSSD:
Charter: NA County: Date
Non-Interest Income & Expenses
Fiduciary Activities
Deposit Service Charges
Trading,Vent,Cap,Securtz Inc
Inv banking, Advisory Inc
Insurance Comm and Fees
Net Servicing Fees
Loan & LSE net gain/loss
Other net gains/losses
Other Non-Interest Income
Non-Interest Income
Personnel Expense
Occupancy Expense
Goodwill impairment
Other intangible amortiz
Other Oper Exp
Total Overhead Expense
Domestic Banking Offices(#)
Foreign Branches(#)
Assets Per Domestic Office
Percent of Average Assets Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Personnel Expense 1.87 1.78 60 1.83 1.78 57 1.79 1.78 52 1.75 1.77 1.8 1.77
Occupancy Expense 0.76 0.47 93 0.74 0.46 93 0.73 0.46 91 0.76 0.46 0.81 0.47
Other Oper Exp(Incl. Intangibles) 0.85 0.93 45 0.96 0.93 58 0.95 0.96 53 0.97 0.96 0.91 0.97
Total Overhead Expense 3.48 3.19 66 3.53 3.19 69 3.47 3.21 64 3.48 3.2 3.52 3.21
Overhead Less Noninterest Income 3.13 2.43 87 3.12 2.41 86 3.09 2.41 85 3.03 2.37 3.06 2.33
Other Income & Expense Ratios:
Efficiency Ratio 82.87 68.39 86 81.59 65.54 90 80.43 65.42 89 78.42 64.47 83.03 65.37
Avg Personnel Exp Per Empl($000) 52.81 56.17 44 50.42 54.32 41 46.55 53.45 27 44.87 51.17 40.32 49.58
Assets Per Employee($Million) 2.84 3.33 34 2.79 3.21 34 2.66 3.29 28 2.71 3.16 2.34 3.06
Yield On or Cost Of:
Total Loans & Leases (TE) 7.58 8.01 30 7.03 7.51 29 7.44 7.9 31 6.72 7.12 6.18 6.59
Loans in Domestic Offices 7.58 8 30 7.03 7.5 29 7.44 7.88 31 6.72 7.11 6.18 6.58
Real Estate 7.58 7.83 39 7.04 7.33 37 7.47 7.7 39 6.81 6.98 6.22 6.49
Commercial & Industrial 7.56 8.58 16 7.03 7.99 17 7.12 8.41 10 6.18 7.39 6.12 6.63
Individual 7.19 8.7 15 6.47 8.26 10 7.86 8.56 30 6.48 8.17 5.69 7.98
Credit Cards 8.73 11.18 26 6.8 12.47 9 7.85 11.4 17 8.07 10.8 6.9 11.3
Agricultural N/A 8.17 N/A 7.77 N/A 8.12 N/A 7.42 N/A 6.55
Loans in Foreign Offices N/A 0 N/A 0 N/A 0 N/A 0 N/A 4.83
Total Investment Securitites (TE) 3.61 4.82 2 3.36 4.35 5 3.53 4.57 4 3.23 4.08 3.14 3.92
Total Investment Securitites (Book) 3.61 4.47 3 3.36 4.02 9 3.53 4.22 7 3.23 3.75 3.14 3.61
U.S. Treas & Agency (Excl MBS) 3.55 4.47 7 3.21 3.85 12 3.43 4.11 11 3.11 3.5 3.17 3.3
Mortgage Backed Securities N/A 4.67 N/A 4.32 N/A 4.54 N/A 4.06 N/A 3.86
All Other Securities N/A 4.15 20.57 4.11 99 24.94 4.15 99 22.49 4.11 0 4.14
Interest-Bearing Bank Balances 0 4.27 19 5.63 3.2 87 4.47 4.31 41 1.03 2.79 0 1.39
Federal Funds Sold & Resales 400 5.18 99 4.27 4.4 26 4.88 4.97 35 5.97 3.19 1.22 1.31
Total Int-Bearing Deposits 3.73 3.66 52 2.97 2.79 58 3.44 3.23 60 2.43 2.24 1.88 1.68
Transaction Accounts 1.79 1.36 69 1.77 1.07 81 1.82 1.23 74 1.55 0.85 0.7 0.6
Other Savings Deposits 1.87 2.53 28 1.64 1.94 36 1.76 2.27 31 0.64 1.49 0.61 1.01
Time Deps Over $100M 4.93 4.77 62 3.99 3.76 71 4.08 4.27 29 3.15 3.13 2.71 2.41
All Other Time Deposits 4.82 4.57 70 3.89 3.57 78 4.95 4.08 95 3.58 3 2.91 2.44
Foreign Office Deposits N/A 0 N/A 3.6 N/A 0 N/A 2.7 N/A 1.14
Federal Funds Purchased & Repos 0.25 4.09 8 3.7 3.54 40 9.94 4.23 96 13.8 2.83 4.32 1.31
Other Borrowed Money 7.07 4.82 97 4.48 4.31 57 4.82 4.68 55 2.11 3.86 0 3.21
Subordinated Notes & Debentures N/A -6.96 N/A 6.13 N/A 6.95 N/A 4.95 N/A 4.16
All Interest Bearing funds 3.77 3.73 51 3.01 2.88 55 3.52 3.32 59 2.47 2.34 1.89 1.77
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Valhalla Commerce Bank Page 3
Non Interest Income and Expenses ($000) and Yields Year: 2015 - Quarter: 1
0 0 0 0 0
103 122 427 470 460
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
31 27 155 156 124
134 149 582 626 584
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
713 668 2,700 2,423 2,298
292 271 1,095 1,048 1,031
4 4 4 4 4
0 0 0 0 0
325 351 1,434 1,338 1,154
1,330 1,290 5,229 4,809 4,483
38,361 36,924 38,600 36,565 33,396
1 Quarter 1 Year
5.22 13.40
4.15 6.43
-6.96 9.17
N/A N/A
N/A N/A
N/A N/A
N/A N/A
4.76 12.56
2.55 9.70
4.78 12.59
-14.12 -15.22
N/A N/A
N/A N/A
N/A -100.00
50.00 -25.00
-100.00 -100.00
N/A N/A
-21.90 -29.34
0.75 5.27
-48.24 -41.41
-0.53 9.12
N/A N/A
N/A N/A
N/A N/A
4.06 -8.63
-0.62 3.89
Cert #: 12345 DIST/RSSD: Valhalla Commerce Bank Page 4
Assets:
Charter: NA County: Anycounty Balance Sheet - Assets, Liabilities and Capital ($000) Year: 2015 - Quarter: 1
Date 3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012 Percent Change
Individual Loans 4,596 4,210 4,940 5,133 4,871
Commercial Loans 15,046 14,137 14,446 14,176 14,075
Real Estate Loans 112,187 98,933 106,624 100,012 78,926
LN&LS in Foreign Offices N/A N/A N/A N/A N/A
Other LN&LS in Domestic Offices 181 0 0 0 0
Agricultural Loans 0 0 0 0 0
LN&LS Allowances 1,369 1,248 1,335 1,230 931
Loans not held for sale 131,895 117,181 125,904 119,230 97,755
Loans held for sale 0 0 0 0 0
Municipal Securities 0 0 0 0 0
U.S. Treasury & Agency Securities 17,270 20,371 20,110 20,932 21,699
Net Loans & Leases 130,526 115,933 124,569 118,000 96,824
Interest-Bearing Bank Balances 42 56 28 80 0
All Other Securities 0 175 0 175 175
Foreign Debt Securities 0 0 0 0 0
Total Investments 17,312 24,500 22,167 21,338 30,128
Trading Account Assets 0 0 0 0 0
Federal Funds Sold & Resales 0 3,898 2,029 151 8,254
NonInt Cash & Due from Banks 2,279 3,890 4,403 3,974 3,745
Total Earning Assets 147,838 140,433 146,736 139,338 126,952
DIR & INDIRECT INV RE VENTURES 0 0 0 0 0
Other Real Estate Owned 0 0 0 0 0
Premises, Fix Assts, Cap Leases 1,507 1,381 1,515 1,277 1,389
Total Assets 153,444 147,696 154,403 146,261 133,587
Acceptances and Oth Assets 1,820 1,992 1,749 1,672 1,501
Inv in Unconsolidated Subs 0 0 0 0 0
-1.77 4.39
-18.69 -22.13
1.64 -13.77
7.85 13.74
-0.03 -8.28
0.89 15.42
0.00 -0.88
-2.15 -2.53
0.00 -0.88
0.42 26.10
-2.07 -2.47
-1.55 2.51
0.42 26.10
-1.55 2.51
72.91 76.04
N/A N/A
0.00 20.00
N/A N/A
N/A N/A
-29.35 -23.76
-1.01 3.37
N/A N/A
3.94 10.16
-0.62 3.89
-27.56 -4.77
N/A -100.00
-14.12 -15.22
0.00 -0.88
Cert #: 12345 DIST/RSSD: Valhalla Commerce Bank Page 4(continued)
Charter: NA County: Anycounty Balance Sheet - Assets, Liabilities and Capital ($000) Year: 2015 - Quarter: 1
Date 3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012 Percent Change
Demand Deposits 16,306 20,940 20,053 21,149 21,344
Liabilities:
Average Assets During Quarter 152,696 146,277 155,446 147,626 133,423
Other Savings Deposits 6,145 6,700 6,147 6,636 7,491
Money Market Deposit Accounts 8,806 7,742 8,165 7,201 6,800
All Now & Ats Accounts 29,086 33,730 28,618 34,200 29,410
Time Dep of $100M or More N/A N/A N/A N/A N/A
Core Deposits 105,890 108,574 108,128 108,652 103,998
Time Dep under $100M 45,547 39,462 45,145 39,466 38,953
Core Deposits 101,925 104,574 104,163 106,652 103,998
Less: Fully Insured Brokered Deposits 3,965 4,000 3,965 2,000 0
Time Deps At Or Below Insurance Limit 45,547 39,462 45,145 39,466 38,953
Deposits in Foreign Offices 0 0 0 0 0
Time Deps Above Insurance Limit 28,967 22,972 28,846 21,100 17,930
Fully Insured Brokered Deposits 3,965 4,000 3,965 2,000 0
Fed Home Loan Bor Mat < 1 yr 0 0 0 0 0
Federal Funds Purchased & Resale 2,336 1,327 1,351 1,602 1,197
Total Deposits 134,856 131,548 136,975 129,752 121,928
Oth Borrowing Mat > 1 yr 0 0 0 0 0
Oth Borrowing Mat < 1 yr 0 0 0 0 0
Fed Home Loan Bor Mat > 1 yr 3,000 2,500 3,000 2,500 0
Subordinated Notes & Debentures 0 0 0 0 0
Total Liabilities (Incl Mortg) 140,914 136,322 142,348 135,021 123,593
Acceptances & Other Liabilities 722 947 1,022 1,167 468
Memoranda:
Total Liabilities & Capital 153,444 147,696 154,403 146,261 133,587
All Common & Preferred Capital 12,530 11,374 12,055 11,240 9,994
Held-to-Maturity Securities 0 175 0 175 175
Officer, Shareholder Loans($) 3,233 3,395 4,463 2,641 2,310
Officer, Shareholder Loans(#) 2 1 1 1 1
All Brokered Deposits 3,965 4,000 3,965 2,000 0
Available-for-Sale Securities 17,270 20,371 20,110 20,932 21,699
Cert #: 12345 DIST/RSSD:
Charter: NA County:
1 Quarter 1 Year
-0.10 -7.16
4.54 -15.32
22.81 4.51
N/A N/A
N/A N/A
N/A N/A
66.46 -42.36
N/A N/A
46.63 -18.01
10.03 43.64
N/A N/A
N/A N/A
N/A N/A
N/A N/A
N/A N/A
N/A N/A
N/A N/A
17.63 2.55
Date
Outstanding (% Of Total) Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Home Equity (1-4 Family) 3.84 1.67 83 4.3 1.66 86 3.82 1.62 83 4.71 1.62 4.56 1.6
Credit Card 0.74 0.16 85 0.9 0.18 86 0.7 0.16 84 0.9 0.18 0.81 0.2
Commercial Re Secured By Re 16.33 4.04 97 16.24 4.46 95 13.22 4 95 12.82 4.53 16.99 4.09
1-4 FAMILY RESIDENTIAL 3.58 1.79 79 N/A 0 N/A 0 N/A 0 N/A 0
COMML RE, OTH CONST & LAND 12.75 2.48 98 N/A 0 N/A 0 N/A 0 N/A 0
Commercl Re Not Secured By Re 0 0.01 87 0 0.01 88 0 0.01 89 0 0.01 0 0.01
All Other 1.38 5.29 13 2.49 5.46 22 0.82 5.32 7 1.69 5.32 1.21 5
Total Ln&ls Commitments 22.29 12.51 90 23.92 13.09 90 18.56 12.35 83 20.11 13.02 23.58 12.22
Securities Underwriting 0 0 99 0 0 99 0 0 99 0 0 0 0
Standby Letters Of Credit 4.64 0.45 99 3.36 0.45 98 4.19 0.45 99 3.24 0.44 4.1 0.42
Amount Conveyed To Others 0 0.03 95 0 0.02 97 0 0.02 96 0 0.01 0 0.01
Commercial Letters Of Credit 0 0.01 86 0 0.01 86 0 0.01 87 0 0.01 0 0.02
Assets Securitized or Sold w/Rec 0 0.03 91 0 0 93 0 0.01 91 0 0 0 0
Amount Of Recourse Exposure 0 0 91 0 0 93 0 0 92 0 0 0 0
Credit Derivs Bank As Gtr 0 0 99 0 0 99 0 0 99 0 0 0 0
Credit Derivs Bank As Benef 0 0 99 0 0 99 0 0 99 0 0 0 0
All Oth Off-balance Sheet Item 0 0.03 91 0 0.01 92 0 0.03 91 0 0 0 0
Off-balance Sheet Items 26.93 13.99 91 27.28 14.41 90 22.75 13.76 86 23.35 14.21 27.67 13.29
Valhalla Commerce Bank Page 5
Off-Balance Sheet Items Year: 2015 - Quarter: 1
Home Equity (1-4 Family) 5,890 6,344 5,896 6,884 6,092
Percent Change
Outstanding ($000)
Date 3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
1-4 FAMILY RESIDENTIAL 5,494 N/A N/A N/A N/A
Commercial Re Secured By Re 25,060 23,979 20,405 18,747 22,701
Credit Card 1,128 1,332 1,079 1,320 1,082
All Other 2,119 3,676 1,273 2,468 1,620
Commercl Re Not Secured By Re 0 0 0 0 0
COMML RE, OTH CONST & LAND 19,566 N/A N/A N/A N/A
Standby Letters Of Credit 7,119 4,956 6,470 4,734 5,472
Memo:unused Commit W/mat Gt 1 Yr 12,421 15,150 8,471 11,366 8,163
Securities Underwriting 0 0 0 0 0
Assets Securitized or sold W rec 0 0 0 0 0
Commercial Letters Of Credit 0 0 0 0 0
Amount Conveyed To Others 0 0 0 0 0
Credit Derivs Banks As Benef 0 0 0 0 0
Credit Derivs Banks As Gtr 0 0 0 0 0
Amount Of Recourse Exposure 0 0 0 0 0
Off-balance Sheet Items 41,316 40,287 35,123 34,153 36,967
All Oth Off-balance Sheet Item 0 0 0 0 0
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date 3/31/2015 3/31/2015 12/31/2014 12/31/2013 12/31/2012
Notional Amount (000)
Derivative Contracts 0 0 0 0 0
Interest Rate Contracts 0 0 0 0 0
Foreign Exchange Contracts 0 0 0 0 0
Equity, Comm & Other Contracts 0 0 0 0 0
Derivatives Position
Futures And Forwards 0 0 0 0 0
Written Options 0 0 0 0 0
Exchange Traded 0 0 0 0 0
Over-the-counter 0 0 0 0 0
Purchase Options 0 0 0 0 0
Exchange Traded 0 0 0 0 0
Over-the Counter 0 0 0 0 0
Swaps 0 0 0 0 0
Held-for-trading 0 0 0 0 0
Interest Rate Contracts 0 0 0 0 0
Foreign Exchange Contracts 0 0 0 0 0
Equity, Comm, & Other Contracts 0 0 0 0 0
Non-traded 0 0 0 0 0
Interest Rate Contracts 0 0 0 0 0
Foreign Exchange Contracts 0 0 0 0 0
Equity, Comm & Other Contracts 0 0 0 0 0
Memo: Marked-to-market 0 0 0 0 0
Derivative Contracts (RBC Def.) 0 0 0 0 0
One Year Or Less 0 0 0 0 0
Over 1 Year To 5 Years 0 0 0 0 0
Over 5 Years 0 0 0 0 0
Gross Negative Fair Value 0 0 0 0 0
Gross Positive Fair Value 0 0 0 0 0
Held-for-trading 0 0 0 0 0
Non-traded 0 0 0 0 0
Memo Marked-to-market 0 0 0 0 0
Curr Credit Exp On Rbc Deriv Contr 0 0 0 0 0
Credit Losses Off-bs Derivs N/A N/A N/A N/A N/A
Past Due Deriv Instruments:
Fair Value Carried As Assets N/A N/A N/A N/A N/A
Impact Nontraded Deriv Contracts:
Increase (DECR) In Interest Inc N/A N/A N/A N/A N/A
Increase (DECR) In Interest Exp N/A N/A N/A N/A N/A
Increase (DECR) In Nonint Alloc N/A N/A N/A 0 0
Increase (DECR) In Net Income N/A N/A N/A N/A N/A
Valhalla Commerce Bank Page 5A
Derivative Instruments Year: 2015 - Quarter: 1
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date
Percent of Notional Amount Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Interest Rate Contracts N/A 21.97 N/A 24.3 N/A 12.77 N/A 24.35 N/A 96.64
Foreign Exchange Contracts N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Equity, Comm, & Other Contr N/A 0.34 N/A 0.42 N/A 0.34 N/A 0.42 N/A 0.06
Futures And Forwards N/A 16.73 N/A 17.95 N/A 16.66 N/A 18.64 N/A 13.83
Written Options N/A 24.89 N/A 27.94 N/A 23.25 N/A 24.95 N/A 24.74
Exchange Traded N/A 0 N/A 0.92 N/A 0 N/A 0 N/A 0
Over-the-counter N/A 24.89 N/A 26.67 N/A 23.25 N/A 24.95 N/A 24.74
Purchased Options N/A 5.24 N/A 1.31 N/A 2.67 N/A 2.18 N/A 0.38
Exchange Traded N/A 0 N/A 0 N/A 0 N/A 0.84 N/A 0
Over-the-counter N/A 5.24 N/A 1.31 N/A 2.67 N/A 1.29 N/A 0.38
Swaps N/A 3.5 N/A 4.66 N/A 2.89 N/A 4.95 N/A 4.15
Held For Trading N/A 0 N/A 0 N/A 0 N/A 0 N/A 1.67
Interest Rate Contracts N/A 0 N/A 0 N/A 0 N/A 0 N/A 1.67
Foreign Exchange Contracts N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Equity, Comm & Other Contracts N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Non-traded N/A 96.72 N/A 0 N/A 0 N/A 0 N/A 98.33
Interest Rate Contracts N/A 19.99 N/A 13.09 N/A 7.66 N/A 14.21 N/A 19.33
Foreign Exchange Contracts N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Equity, Comm & Other Contracts N/A 0.34 N/A 0.42 N/A 0.34 N/A 0.42 N/A 0.06
Memo: Marked To Market N/A 96.72 N/A 0 N/A 0 N/A 0 N/A 98.33
Derivative Contracts (RBC Def.) N/A 29.57 N/A 24.64 N/A 28.17 N/A 30.04 N/A 26.53
One Year Or Less N/A 17.09 N/A 16.6 N/A 18.34 N/A 18.66 N/A 16.04
Over 1 Year To 5 Years N/A 7.73 N/A 2.76 N/A 5.25 N/A 5.69 N/A 6.69
Over 5 Years N/A 0.05 N/A 0 N/A 0.08 N/A 1.85 N/A 2.26
Gross Negative Fair Value N/A 0.57 N/A 0.62 N/A 0.61 N/A 0.87 N/A 0.44
Gross Positive Fair Value N/A 0.9 N/A 0.8 N/A 0.81 N/A 0.94 N/A 0.36
Percent Of Tier One Capital:
Gross Negative Fair Value (X) 0 0 96 0 0 95 0 0 96 0 0 0 0
Gross Positive Fair Value (X) 0 0 94 0 0 94 0 0 94 0 0 0 0
Held For Trading (X) 0 0 99 0 0 99 0 0 99 0 0 0 0
Non-traded (X) 0 0 90 0 0 91 0 0 91 0 0 0 0
Non-traded Marked-to-market (X) 0 0 90 0 0 91 0 0 91 0 0 0 0
Curr Credit Exposure (X) 0 0 97 0 0 97 0 0 97 0 0 0 0
Credit Losses On Derivatives N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Past Due Derivative Instruments:
Fair Value Carried As Assets N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Other Ratios:
Curr Credit Exposure/ Risk Wt Asset 0 0 97 0 0 97 0 0 97 0 0 0 0
Credit Losses On Derivs /cr Allow N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Impact Of Nontraded Deriv Contracts:
INCR (DECR) Interest Inc/net Inc N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
INCR (DECR) Interest Exp/net Inc N/A 0 N/A 0 N/A 0 N/A -1.61 N/A 3.09
INCR (DECR) Nonint Alloc/net Inc N/A 0 N/A 0 N/A 0 N/A 0.28 N/A 0
INCR (DECR) Net Income/net Inc N/A 0 N/A 0 N/A 0 N/A -1.33 N/A 3.09
N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Valhalla Commerce Bank Page 5B
Derivatives Analysis Year: 2015 - Quarter: 1
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date
Assets, Percent of AVG Assets Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Loans held for sale 0 0.09 71 0 0.08 71 0 0.09 68 0 0.09 0 0.11
Loans not held for sale 83.74 69.61 90 80.42 69.05 82 81.32 69.49 83 77.11 68.59 73.74 67.62
Less: LN&LS Allowance 0.88 0.83 58 0.84 0.82 53 0.85 0.83 53 0.77 0.83 0.69 0.84
Net Loans & Leases 82.86 69.08 90 79.58 68.46 81 80.47 68.94 83 76.34 68.04 73.05 67.08
Interest-Bearing Bank Balances 0.02 0.4 33 0.05 0.45 43 0.03 0.39 33 0.43 0.49 0.35 0.62
Federal Funds Sold & Resales 0.66 3.2 21 1.38 2.68 39 0.81 2.69 24 2.34 2.52 3.67 2.48
Trading Account Assets 0 0.06 97 0 0 99 0 0 99 0 0 0 0.01
Held-To-Maturity Securities 0 1.49 59 0.12 1.84 61 0.07 1.65 60 0.13 1.95 0.14 1.96
Available-For-Sale Securities 12.14 14.09 45 14.05 14.71 50 13.78 15.37 51 15.96 16.12 17.27 16.05
Total Earning Assets 95.69 91.88 95 95.17 91.77 94 95.16 91.68 94 95.2 91.77 94.47 91.83
Nonint Cash & Due from Banks 2.17 2.84 30 2.68 3.15 39 2.72 3.07 42 2.68 3.19 3.52 3.31
Premises Fix Assts & Cap Leases 0.98 2.29 15 0.9 2.16 14 0.94 2.24 14 0.97 2.15 1.17 2.14
Other Real Estate Owned 0 0.09 46 0 0.08 48 0 0.08 37 0 0.09 0 0.1
DIR & INDIRECT INV RE VENTURES 0 0.01 97 0 0.01 97 0 0.01 97 0 0 0 0
INV IN UNCONSOLIDATED SUBS 0 0 92 0 0 91 0 0 91 0 0 0 0
Acceptances & Other Assets 1.16 2.56 10 1.25 2.52 15 1.18 2.59 11 1.15 2.49 0.84 2.32
Subtotal 4.31 8.12 4 4.83 8.23 5 4.84 8.32 5 4.8 8.23 5.53 8.17
Total Assets 100 100 100 100 100 100 100 100 100 100
Standby Letters of Credit 4.41 0.45 99 3.3 0.45 98 3.46 0.45 98 3.55 0.43 2.81 0.41
Liabilities, Percent of AVG ASST
Demand Deposits 11.81 12.61 49 14.32 14.07 56 13.94 13.67 57 14.56 14.5 15.18 14.15
All NOW & ATS Accounts 18.74 8.09 94 23.11 9.25 96 20.74 8.75 96 22.83 9.98 23.5 10.71
Money Market Deposit Accounts 5.51 12.74 22 5.08 12.72 18 5.16 12.67 20 5.17 12.8 5.69 12.98
Other Savings Deposits 3.99 8.09 33 4.54 8.73 32 4.23 8.36 30 5.3 9.27 5.68 9.45
Time Dep Less than $100M 29.46 22.55 76 26.85 20.63 73 27.67 21.25 74 28.18 20.46 29.47 21.08
Core Deposits 69.52 67.6 57 73.9 69.2 66 71.74 68.23 62 76.04 70.29 79.53 71.45
Time Dep of $100M or More 18.78 16.38 65 14.99 14.6 56 16.08 15.48 57 13.88 13.4 11.86 12.39
Time Deps At or Below Insurance Limit 29.46 22.55 76 26.85 20.63 73 27.67 21.25 74 28.18 20.46 29.47 21.08
Less: Fully Insured Brokered Deposits 2.58 1.67 74 2.04 1.26 76 2.38 1.39 76 0.58 1.07 0.54 0.71
Core Deposits 66.94 65.37 52 71.86 67.56 60 69.36 66.5 56 75.46 68.88 78.99 70.38
Fully Insured Brokered Deposits 2.58 1.67 74 2.04 1.26 76 2.38 1.39 76 0.58 1.07 0.54 0.71
Time Deps Above Insurance Limit 18.78 16.38 65 14.99 14.6 56 16.08 15.48 57 13.88 13.4 11.86 12.39
Deposits in Foreign Offices 0 0 99 0 0.01 99 0 0 99 0 0.01 0 0.03
Total Deposits 88.3 84.58 74 88.89 84.38 78 87.82 84.28 73 89.91 84.22 91.39 84.37
Federal Funds Purch & Repos 1.2 0.82 71 1 1 64 1.74 1 73 1.41 1.03 0.95 1.01
Total FED Home Loan Borrowings 1.95 -30.63 50 1.7 -8.39 43 2.12 -29.75 46 0.72 2.04 0 30.01
Total Oth Borrowings 0 211.11 81 0 -63.62 80 0 -41.87 76 0 -22.13 0 22.18
Memo: SHT Term N. Core Funding 16.79 16.5 53 10 14.04 34 12.77 15.36 39 11.34 12.68 9.43 11.83
Acceptances & Other Liabilities 0.57 0.69 40 0.72 0.6 69 0.69 0.65 61 0.49 0.58 0.35 0.53
Total Liabilities (Incl Mortg) 92.01 90.14 81 92.31 90.45 82 92.37 90.26 86 92.53 90.44 92.69 90.52
Subordinated Notes & Debentures 0 0.02 97 0 0.03 97 0 0.03 97 0 0.03 0 0.03
All Common & Preferred Capital 7.99 9.83 18 7.69 9.51 18 7.63 9.71 13 7.47 9.53 7.31 9.44
Total Liabilities & Capital 100 100 100 100 100 100 100 100 100 100
Memo: All Brokered Deposits 2.58 1.93 71 2.04 1.52 74 2.38 1.63 73 0.58 1.27 0.54 0.89
Insured Brokered Dep 2.58 1.67 74 2.04 1.26 76 2.38 1.39 76 0.58 1.07 0.54 0.71
Direct & Indirect INV in RE 0 0.01 97 0 0.01 97 0 0.01 97 0 0 0 0
Loans HFS as A % Loans 0 0.13 71 0 0.11 71 0 0.13 68 0 0.14 0 0.16
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Valhalla Commerce Bank Page 6
Balance Sheet-Percentage Composition of Assets And Liabilities Year: 2015 - Quarter: 1
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date
Change: Credit Allowance ($000)
Beginning Balance
Gross Credit Losses
Memo: Loans HFS Writedown
Recoveries
Net Credit Losses
Provision for Credit Loss
Other Adjustments
Ending Balance
Average Total Loans & Leases
Analysis Ratios Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Loss Provision to Average Assets 0.09 0.11 47 0.05 0.14 27 0.07 0.16 29 0.21 0.16 0.19 0.18
Recoveries to Prior Per Credit Loss 0 27.68 16 16 32.13 45 8 36.37 19 34.48 33.29 7.06 28.3
Net Loss to Average Total LN&LS 0 0.07 40 0 0.06 27 0 0.12 13 -0.01 0.13 0.09 0.16
Gross Loss to Average Tot LN&LS 0 0.11 21 0 0.1 22 0 0.17 5 0.02 0.18 0.12 0.22
Recoveries to Average Tot LN&LS 0 0.03 20 0 0.04 21 0 0.04 11 0.04 0.05 0.03 0.05
LN&LS Allow to LN&LS Not HFS 1.04 1.21 31 1.07 1.2 35 1.06 1.2 35 1.03 1.21 0.95 1.22
LN&LS Allowance to Total LN&LS 1.04 1.2 31 1.07 1.2 36 1.06 1.2 35 1.03 1.2 0.95 1.22
LN&LS Allowance to Net Losses (X) N/A 33.77 N/A 32.59 N/A 24.71 N/A 24.03 11.08 18.42
LN&LS All to Nonaccrual LN&LS (X) 3.04 5.77 N/A 7.36 2.8 6.23 N/A 6.52 6.09 7.24
Earn Cover of Net LN&LS Loss (X) N/A 56.34 N/A 65.55 N/A 46.75 N/A 50.23 10.9 38.12
Net Losses by Type of LN&LS
Real Estate Loans 0 0.02 77 0 0.01 81 0 0.04 52 0 0.03 0.01 0.04
Loans to Finance Comml Real EST N/A 5.12 N/A 0.01 N/A 1.61 N/A 0.71 N/A 3.11
Construction & Land Dev 0 0 94 0 0.02 97 0 0.01 88 0 0 0 0.01
1-4 FAMILY CONSTRUCTION 0 0.17 95 N/A 0 N/A 0 N/A 0 N/A 0
OTHER CONST & LAND 0 0.03 97 N/A 0 N/A 0 N/A 0 N/A 0
Secured by Farmland 0 -0.05 98 N/A 0 N/A -0.01 N/A 0.03 N/A 1.67
Single & Multi Family Mortgage 0 0.01 84 0 0.01 86 0 0.05 60 0 0.04 0.02 0.04
Home Equity Loans 0 0.03 97 0 0 98 0 0 92 0 0 0 0
1-4 Family Non-Revolving 0 0.01 85 0 0.01 87 0 0.05 63 0 0.04 0.03 0.05
Multifamily Loans N/A 0.4 0 -0.15 99 0 0.07 97 0 0.04 0 0.15
Non-Farm Non-Residential MTG 0 0 94 0 0 93 0 0.02 82 0 0.01 0 0.03
OWNER OCCUPIED NONFARM NONRESI 0 0.07 96 N/A 0 N/A 0 N/A 0 N/A 0
OTHER NONFARM NONRESIDENTIAL 0 -0.1 97 N/A 0 N/A 0 N/A 0 N/A 0
RE Loans in foreign Offices N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Agricultural Loans N/A -0.02 N/A -0.01 N/A 0 N/A 0.06 N/A 0.04
Commercial and Industrial Loans 0 0.08 77 0 0.06 74 0 0.25 45 -0.23 0.29 0.53 0.35
Lease Financing N/A 0 N/A 0.01 N/A 0.02 N/A 0.14 N/A 0.02
Loans to Individuals 0 0.28 50 -0.09 0.3 19 -0.02 0.47 14 0.36 0.56 0.1 0.67
Credit Card Plans 0 0.75 66 0 1.18 60 0.36 1.27 39 0.31 1.8 0 1.9
All Other Loans & Leases 0 0.03 88 0 0.04 89 0 0.11 81 0 0.12 0 0.07
Loans to Foreign Governments N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
1,335 1,230 1,230 931 775
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Valhalla Commerce Bank Page 7
Analysis of Credit Allowance and Loan Mix Year: 2015 - Quarter: 1
0 1 2 40 32
0 -1 -1 -15 84
0 0 1 25 116
0 0 0 0 0
0 0 0 0 0
1,368 1,248 1,335 1,230 931
33 17 104 284 240
128,979 117,931 121,846 107,637 95,615
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date
Loan Mix, % Average Gross LN&LS Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Construction & Development 25.6 14.62 81 18.93 12.94 73 20.42 13.44 75 13.9 11.71 11.91 10.4
1 - 4 Family Construction 13.53 6.5 82 N/A 0 N/A 0 N/A 0 N/A 0
Other Const & Land Devel 15.39 8.99 77 N/A 0 N/A 0 N/A 0 N/A 0
1 - 4 Family Residential 24.21 24.05 54 26.35 24.7 58 25.23 24.58 56 28.74 25.36 25.96 25.72
Home Equity Loans 4.54 2.68 74 7.06 2.88 83 6.05 2.74 82 8.42 2.98 8.26 3
Other Real Estate Loans 34.99 34.47 53 38.8 34.95 62 38.62 34.43 64 39.7 35.01 41.94 34.76
Farmland 0.23 1.89 38 0 1.76 28 0 1.85 25 0 1.79 0 1.75
Multifamily 0 1.93 9 0.18 1.92 18 0.07 1.85 12 0.25 1.97 0.45 1.96
Non-Farm Non-Residential 34.76 29.05 66 38.62 29.65 74 38.55 29.18 77 39.45 29.59 41.48 29.39
Owner Occupied NFARM NRESID 13.83 15.28 40 N/A 0 N/A 0 N/A 0 N/A 0
Other Nonfarm NonResidential 18.78 14.6 69 N/A 0 N/A 0 N/A 0 N/A 0
Total Real Estate 84.8 76.77 71 84.08 76.12 71 84.27 76 72 82.34 75.59 79.8 74.23
Financial Institution Loans 0 0.01 97 0 0.04 96 0 0.02 96 0 0 0 0.05
Agricultural Loans 0 1.15 42 0 1.06 40 0 1.2 38 0 1.12 0.11 1.17
Commercial & Industrial Loans 11.43 14.09 43 11.97 14.47 44 11.92 14.45 43 13.2 14.59 14.55 14.99
Loans to Individuals 3.7 4.92 48 3.95 5.2 49 3.82 5.22 47 4.46 5.56 5.53 6.32
Credit Card Loans 0.24 0.06 83 0.25 0.06 83 0.25 0.06 83 0.27 0.07 0.29 0.09
Municipal Loans 0 0.31 55 0 0.32 54 0 0.31 51 0 0.34 0 0.32
Foreign Office Loans & Leases 0 0 99 0 0 99 0 0 99 0 0 0 0.01
All Other Loans 0.07 0.18 50 0 0.19 17 0 0.19 15 0 0.19 0 0.19
Lease Financing Receivables 0 0.03 83 0 0.03 83 0 0.03 81 0 0.03 0 0.04
Supplemental:
Loans to Foreign Governments 0 0 99 0 0 99 0 0 99 0 0 0 0
Loans to Finance Comml Real EST 0 0.06 80 0 0.05 82 0 0.06 79 0 0.05 0 0.06
Memorandum(% of AVG Tot Loans)
Loan & Lease Commitments 26.51 18.47 82 29.96 19.63 83 22.81 18.25 71 25.1 19.54 30.64 18.38
Officer, Shareholder Loans 2.51 1.73 71 2.88 1.79 73 3.55 1.75 81 2.25 1.78 2.25 1.83
Officer, Shareh Loans to Assets 2.11 1.19 76 2.3 1.21 79 2.89 1.2 85 1.81 1.2 1.73 1.22
Other Real Estate Owned % Assets
Construction & Land Development 0 0.01 83 0 0 85 0 0.01 78 0 0.01 0 0.01
Farmland 0 0 97 0 0 96 0 0 95 0 0 0 0
1 - 4 Family Residential 0 0.02 64 0 0.02 64 0 0.02 52 0 0.02 0 0.03
Multifamily 0 0 97 0 0 97 0 0 95 0 0 0 0
Non-Farm Non-Residential 0 0.02 74 0 0.03 71 0 0.03 65 0 0.03 0 0.03
Foreclosed GNMS 0 0 99 0 0 99 0 0 99 N/A 0 N/A 0
Foreign Offices N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Subtotal 0 0.09 46 0 0.08 48 0 0.08 37 0 0.09 0 0.1
Direct and Indirect Inv. 0 0.01 97 0 0.01 97 0 0.01 97 0 0 0 0
Total 0 0.09 45 0 0.08 46 0 0.09 35 0 0.09 0 0.1
Asset Servicing % Assets
Mortgages Serv. with Recourse 0 0 94 0 0.49 95 0 0.52 95 0 0.48 0 0.38
Mortgages Serv. without Recourse 0 0.68 85 0 0.8 85 0 0.63 85 0 0.87 0 1.01
Other Financial Assets 0 0 94 0 0.79 95 0 0.77 95 0 0.82 0 0.64
Total 0 1.7 78 0 1.79 79 0 1.56 80 0 1.84 0 1.83
Valhalla Commerce Bank Page 7A
Analysis of Loan and Lease Allowance and Loan Mix Year: 2015 - Quarter: 1
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date
Loan&LSE % T1 Cap + Allow LL Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Construction & Development 265.97 104.2 92 169.75 94.28 80 211.52 100.89 86 177.39 91.16 83.64 80.34
1 - 4 Family Construction 124.41 46.31 89 N/A 0 N/A 0 N/A 0 N/A 0
Other 141.56 64.13 86 N/A 0 N/A 0 N/A 0 N/A 0
1 - 4 Family Residential 229.66 161.92 75 231.38 165.93 74 222.73 163.91 72 251.98 168.07 261.1 174.26
Home Equity Loans 38.51 18.65 79 62.44 19.77 89 46.39 18.63 85 67.09 20.47 80.75 22.15
Other Real Estate Loans 304.05 238.3 73 359.72 244.42 83 350.56 238.88 83 351.6 245.36 368.37 247.14
Farmland 4.23 12.82 51 0 11.76 28 0 12.6 26 0 11.83 0 11.86
Multifamily 0 13.63 10 1.61 13.5 22 0 12.87 11 1.64 13.62 3.26 13.91
Non-Farm Non-Residential 299.81 200.63 82 358.11 207.96 89 350.56 202.59 91 349.96 208.43 365.11 209.89
Owner Occupied 127.14 108.09 56 N/A 0 N/A 0 N/A 0 N/A 0
Other 172.67 101.67 81 N/A 0 N/A 0 N/A 0 N/A 0
Total Real Estate 799.68 530.48 95 760.85 529.25 91 784.81 528.06 94 780.98 529.77 713.1 526.66
Financial Institution Loans 0.02 0.09 98 0 0.25 96 0 0.09 98 0 0.34 0 0.39
Agricultural Loans 0 7.38 43 0 6.76 41 0 7.73 42 0 7.25 0 7.41
Commercial & Industrial Loans 107.23 97.48 59 108.72 100.82 58 106.33 100.2 57 110.7 98.5 127.17 103.53
Loans to Individuals 32.76 32.02 59 32.38 33.84 55 36.36 33.23 62 40.08 34.84 44.01 39.53
Credit Card Loans 2.19 0.36 88 2.25 0.39 88 2.29 0.4 88 2.36 0.43 2.8 0.54
Municipal Loans 0 1.96 57 0 1.97 56 0 1.95 56 0 2.03 0 2.04
Foreign Office Loans & Leases 0 0 99 0 0 99 0 0 99 0 0 0 0.02
All Other Loans 1.29 1.12 70 0 1.26 19 0 1.18 20 0 1.2 0 1.19
Lease Financing Receivables 0 0.17 85 0 0.2 84 0 0.2 84 0 0.18 0 0.23
Supplemental:
Loans to Foreign Governments 0 0 99 0 0.02 99 0 0.02 99 0 0 0 0
Loans to Finance Comml Real EST 0 0.4 82 0 0.32 83 0 0.36 83 0 0.33 0 0.34
Nonowner OCC Comml Re % TOT Cap 438.64 254.83 87 N/A 0 N/A 0 N/A 0 N/A 0
Total Comml Real Estate % TOT Cap 565.79 336.82 90 529.47 335.05 86 562.08 334.71 91 528.99 332.3 452.01 322.54
Construction & Devel % TOT Lns 28.29 14.84 84 18.84 13.23 72 22.82 14.25 77 19.05 12.79 9.47 11.1
Nonowner OCC Comml Re % TOT Lns 46.66 35.78 74 N/A 0 N/A 0 N/A 0 N/A 0
Total Comml Real Estate % TOT Lns 60.18 48.42 70 58.75 47.58 68 60.65 47.83 71 56.82 47.29 51.18 45.18
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Valhalla Commerce Bank Page 7B
Analysis of concentrations of credit Year: 2015 - Quarter: 1
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date
Non-Current LN&LS ($000)
90 Days and Over Past Due
Total Nonaccrual LN&LS
Total Non-Current LN&LS
LN&LS 30-89 Days Past Due
Restructured LN&LS 90+ Days P/D
Restructured LN&LS Nonaccrual
Restructured LN&LS 30-89 Days P/D
CURRENT 1-4 FAMILY RESTRUC LN&LS
Current Restructured LN&LS
LOANS SECURED 1-4 RE IN
FORECLOSURE
All Other Real Estate Owned
Gtyd Portion of LN&LS 90+ Days P/D
Gtyd Portion of LN&LS on Nonaccrual
Gtyd Portion of LN&LS 30-89 Days P/D
328 0 152 295 0
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Valhalla Commerce Bank Page 8
Analysis of Past Due, Nonaccrual & Restructured Loans & Leases Year: 2015 - Quarter: 1
1,569 190 519 444 396
451 0 477 0 153
779 0 629 295 153
0 0 0 0 0
N/A N/A N/A N/A N/A
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
N/A N/A N/A N/A N/A
0 0 0 0 0
0 19 0 27 48
0 0 0 0 0
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date
% of Non-Curr LN&LS by LN Type * Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Real Estate LNS-90+ Days P/D 0 0.1 59 0 0.08 59 0 0.1 58 0 0.08 0 0.09
- Nonaccrual 0.4 0.45 62 0 0.37 30 0.45 0.41 65 0 0.38 0 0.37
- Total 0.4 0.61 52 0 0.5 21 0.45 0.57 54 0 0.51 0 0.5
30-89 Days P/D 0.34 0.97 30 0.15 0.76 25 0.1 0.84 19 0.39 0.69 0 0.66
Lns Fin Coml RE-90+ Days P/D N/A 0.29 N/A 0 N/A 0.41 N/A 0.03 N/A 0.14
- Nonaccrual N/A 0 N/A 0 N/A 0.02 N/A 0.03 N/A 0
- Total N/A 0.29 N/A 0 N/A 0.42 N/A 0.06 N/A 0.14
30-89 Days P/D N/A 0.93 N/A 0.07 N/A 0.11 N/A 0 N/A 0.72
Const & Land Dev-90+ Days P/D 0 0.02 90 0 0 92 0 0.01 90 0 0.01 0 0
- Nonaccrual 1.21 0.34 85 0 0.12 81 1.66 0.19 90 0 0.09 0 0.07
- Total 1.21 0.49 82 0 0.22 75 1.66 0.33 87 0 0.16 0 0.12
30-89 Days P/D 0 0.79 54 0 0.42 65 0 0.58 57 0 0.31 0 0.24
1 - 4 FAM Const & L Dev 90+ Days 0 0 93 N/A 0 N/A 0 N/A 0 N/A 0
Nonaccrual 2.58 0.26 91 N/A 0 N/A 0 N/A 0 N/A 0
Total 2.58 0.38 89 N/A 0 N/A 0 N/A 0 N/A 0
30-89 Days P/D 0 0.87 68 N/A 0 N/A 0 N/A 0 N/A 0
Other Const & Land Dev 90+ Days 0 0 94 N/A 0 N/A 0 N/A 0 N/A 0
Nonaccrual 0 0.2 82 N/A 0 N/A 0 N/A 0 N/A 0
Total 0 0.31 78 N/A 0 N/A 0 N/A 0 N/A 0
30-89 Days P/D 0 0.45 68 N/A 0 N/A 0 N/A 0 N/A 0
Single & Multi Mtg-90+ Days P/D 0 0.09 68 0 0.07 68 0 0.1 66 0 0.09 0 0.1
- Nonaccrual 0 0.38 41 0 0.3 43 0 0.33 43 0 0.33 0 0.33
- Total 0 0.54 33 0 0.43 32 0 0.5 33 0 0.49 0 0.5
30-89 Days P/D 1.17 1.05 60 0.49 0.86 45 0.34 0.97 37 1.04 0.85 0 0.83
Non-Farm/Resi Mtg-90+ Days P/D 0 0.04 85 0 0.03 85 0 0.03 85 0 0.03 0 0.04
- Nonaccrual 0 0.34 62 0 0.36 61 0 0.37 62 0 0.37 0 0.34
- Total 0 0.48 55 0 0.46 54 0 0.5 54 0 0.46 0 0.46
30-89 Days P/D 0 0.66 43 0 0.51 46 0 0.59 43 0.11 0.46 0 0.45
Own Occ Nfarm Nonre 90+ Days P/D 0 0.01 91 N/A 0 N/A 0 N/A 0 N/A 0
- Nonaccrual 0 0.27 73 N/A 0 N/A 0 N/A 0 N/A 0
- Total 0 0.37 68 N/A 0 N/A 0 N/A 0 N/A 0
30-89 Days P/D 0 0.48 60 N/A 0 N/A 0 N/A 0 N/A 0
Oth Nonfarm Nonres 90+ Days P/D 0 0.01 92 N/A 0 N/A 0 N/A 0 N/A 0
- Nonaccrual 0 0.21 77 N/A 0 N/A 0 N/A 0 N/A 0
- Total 0 0.31 73 N/A 0 N/A 0 N/A 0 N/A 0
30-89 Days P/D 0 0.41 66 N/A 0 N/A 0 N/A 0 N/A 0
Valhalla Commerce Bank Page 8 (continued)
Analysis of Past Due, Nonaccrual & Restructured Loans & Leases Year: 2015 - Quarter: 1
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date
% of Non-Curr LN&LS by LN Type * Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Coml, Indust Lns-90+ Days P/D 2.18 0.08 96 0 0.05 78 1.05 0.08 93 2.08 0.05 0 0.06
- Nonaccrual 0 0.6 42 0 0.44 45 0 0.53 44 0 0.48 1.09 0.53
- Total 2.18 0.81 83 0 0.6 39 1.05 0.74 73 2.08 0.65 1.09 0.69
30-89 Days P/D 7.7 0.9 97 0.18 0.84 38 2.82 0.73 89 0.23 0.71 2.67 0.62
Loans To Indivdls-90+ Days P/D 0 0.07 64 0 0.07 64 0.02 0.09 64 0 0.1 0 0.1
- Nonaccrual 0 0.17 54 0 0.19 50 0 0.17 54 0 0.19 0 0.21
- Total 0 0.31 41 0 0.32 36 0.02 0.31 41 0 0.36 0 0.37
30-89 Days P/D 0.75 1.12 45 0.38 1.07 34 0.19 1.22 25 0.56 1.27 0.39 1.31
Credit Card Plans-90+ Days P/D 0 0.34 67 0 0.24 68 0 0.27 65 0 0.32 0 0.37
- Nonaccrual 0 0.03 96 0 0.09 96 0 0.06 96 0 0.06 0 0.04
- Total 0 0.37 65 0 0.32 65 0 0.31 64 0 0.38 0 0.4
30-89 Days P/D 0 0.92 44 0.34 1.1 47 0 0.94 42 0 1.27 0.65 1.24
Foreign Govt Lns-90+ Days P/D N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
- Nonaccrual N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
- Total N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
30-89 Days P/D N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Lease Financing-90+ Days P/D N/A 0.12 N/A 0 N/A 0.04 N/A 0.09 N/A 0.01
- Nonaccrual N/A 0.01 N/A 0 N/A 0.01 N/A 0.01 N/A 0.01
- Total N/A 0.03 N/A 0.02 N/A 0.01 N/A 0.02 N/A 0.14
30-89 Days P/D N/A 0.06 N/A 0.1 N/A 0.16 N/A 0.15 N/A 0.15
Agricultural Lns-90+ Days P/D N/A 0.07 N/A 0.03 N/A 0.04 N/A 0.01 N/A 0.04
- Nonaccrual N/A 0.14 N/A 0.21 N/A 0.19 N/A 0.13 N/A 0
- Total N/A 0.35 N/A 0.32 N/A 0.31 N/A 0.2 N/A 0.01
30-89 Days P/D N/A 0.52 N/A 0.58 N/A 0.26 N/A 0.25 N/A 0.02
Other LN&LS-90+ Days P/D 0 0.01 91 N/A 0.01 N/A 0.01 N/A 0 N/A 0
- Nonaccrual 0 0.02 89 N/A 0.01 N/A 0.02 N/A 0.02 N/A 0.02
- Total 0 0.08 83 N/A 0.05 N/A 0.07 N/A 0.05 N/A 0.06
30-89 Days P/D 0 0.27 69 N/A 0.22 N/A 0.24 N/A 0.19 N/A 0.23
Gross LN&LS-90+ Days P/D 0.25 0.12 77 0 0.09 42 0.12 0.11 68 0.25 0.1 0 0.1
- Nonaccrual 0.34 0.51 51 0 0.4 15 0.38 0.46 57 0 0.42 0.16 0.42
- Total 0.59 0.7 56 0 0.54 9 0.5 0.63 52 0.25 0.56 0.16 0.57
30-89 Days P/D 1.19 1.07 61 0.16 0.89 18 0.41 0.95 32 0.37 0.76 0.4 0.78
Other Pertinent Ratios:
Non-cur LN&LS to-LN&LS Allowance 56.9 57.75 58 0 45.41 9 47.12 52.79 54 23.98 46.42 16.43 46.48
-Equity Capital 6.22 4.94 65 0 3.96 9 5.22 4.51 63 2.62 3.99 1.53 4.05
%Total P/D LN&LS-Incl Nonaccrual 1.78 1.9 54 0.16 1.54 10 0.91 1.69 33 0.62 1.47 0.56 1.46
IENC-Loans to Total Loans N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Non-Curr Lns+Oreo to Lns+Oreo 0.59 0.88 46 0 0.7 7 0.5 0.8 43 0.25 0.71 0.16 0.74
Non-curr Restruct Debt/GR LN&LS 0 0.02 95 0 0 94 0 0.01 95 0 0 0 0
Curr+Non-curr Restruct/GR LN&LS 0 0.01 85 0 0.01 85 0 0.01 85 0 0.02 0 0.02
Current Restruct LN&LS 0 0.01 87 0 0 88 0 0.01 88 0 0.01 0 0.01
LOANS SEC 1-4 FAM RE IN FORECLOSURE
AS % TOTAL LOANS SEC 1-4 FAM RE N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Gtyd LN&LS 90+ P/D / LN&LS 90+ P/D 0 2.23 95 N/A 0.07 0 0 94 0 1.82 N/A 0
Gtyd Nonaccrual LN&LS / Nonaccrual LN&LS 0 1.36 85 N/A 1.27 0 1.5 85 N/A 1.53 0 1.23
Gtyd LN&LS 30-89 P/D / LN&LS 30-89 P/D 0 0.13 90 10 0.21 94 0 0.12 92 6.08 0.04 12.12 0.25
Valhalla Commerce Bank Page 8A
Analysis of Past Due, Nonaccrual & Restructured Loans & Leases Year: 2015 - Quarter: 1
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date
Long Assets Insts W/ Options Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Mortgage Loans & Pass Thrus 15.17 15.5 53 13.62 16.02 44 13.16 15.6 44 14.9 16.33 14.32 17.24
Loans & Securities Over 15 Yrs 1.17 1.52 61 0.98 1.32 61 1.42 1.51 64 1.19 1.37 1.61 1.42
Loans & Securities 5-15 Yrs 1.9 2.65 53 1.18 3.11 39 1.23 2.69 41 1.79 3.24 2.75 3.96
Other Loans and Securities 81.83 69.39 87 79.7 69.69 81 81.17 69.79 86 81.11 69.36 75.21 68.87
Loans & Securities Over 15 Yrs 0 1.03 21 0 0.97 22 0 1.06 20 0 1 0 1.1
Loans & Securities 5-15 Yrs 4.28 7.12 36 2.55 6.6 22 3.25 7.08 26 2.79 6.62 5.44 7.15
Total Loans & Securities Over 15 1.17 2.81 39 0.98 2.56 41 1.42 2.83 43 1.19 2.66 1.61 2.84
CMO'S Total 0 0.93 54 0 0.9 53 0 0.9 53 0 0.9 0 1.05
AVG Life Over 3 Years 0 0.45 64 0 0.42 65 0 0.41 65 0 0.37 0 0.33
Structured Notes 0 0.52 59 0 0.62 58 0 0.54 59 0 0.64 0 0.57
Mortgage Servicing 0 0 90 0 0 90 0 0 90 0 0 0 0
Total 0 0.55 53 0 0.66 53 0 0.57 54 0 0.67 0 0.6
Overall Risk Indicators
Available for Sale 11.25 13.88 43 13.79 14.64 49 13.02 14.24 48 14.31 14.85 16.24 15.67
Held to Maturity 0 1.46 60 0.12 1.78 61 0 1.55 59 0.12 1.84 0.13 1.92
Off Balance Sheet 26.93 13.99 91 27.28 14.41 90 22.75 13.76 86 23.35 14.21 27.67 13.29
Unrealized APPN/DEPN 0 0 85 0 -0.02 86 0 -0.01 85 0 -0.01 0 0.01
Unreal APP/DEP % Tier One Cap 0 -0.03 85 0 -0.16 86 0 -0.06 85 0 -0.14 0 0.1
Contractual Mat/Reprice Data
Loans/Securities Over 3 Years 26.22 28.91 44 25.23 28.81 42 26.02 29 43 26.04 29.13 31.56 31.95
Liabilities Over 3 Years 5.26 2.15 85 7.1 3.04 82 5.45 2.33 83 3.07 3.29 4.29 3.63
Net 3 Year Position 20.96 26.38 36 18.12 25.15 33 20.57 26.34 36 22.97 25.22 27.27 27.67
Loans/Securities Over 1 Year 50.78 49 53 47.73 49.18 44 51.22 49.33 52 48.72 49.37 53.38 51.12
Liabilities Over 1 Year 12.37 8.87 72 24.04 12.04 89 15 9.24 79 16.24 12.69 19.38 13.3
Net Over 1 Year Position 38.41 39.54 45 23.69 36.39 23 36.22 39.49 40 32.49 35.96 33.99 37.09
Non-Maturity Deposits 39.33 44.35 37 46.79 47.46 49 40.79 45.01 40 47.3 48.17 48.69 49.93
Non-Maturity Deps % Long Assets 149.99 183.07 46 185.5 202.08 57 156.77 185.21 49 181.67 200.77 154.27 186.55
Net Over 3 Year Position -13.11 -15.22 55 -21.57 -18.36 43 -14.77 -15.75 53 -21.26 -18.75 -17.13 -17.89
As % Tier 1 Capital Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Structured Notes 0 5.55 59 0 6.81 58 0 5.77 59 0 7.03 0 6.42
Mortgage Servicing (FV) 0 0.02 90 0 0.03 90 0 0.02 90 0 0.03 0 0.03
Total 0 5.83 53 0 7.14 53 0 6.05 54 0 7.35 0 6.73
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Valhalla Commerce Bank Page 9
Interest Rate Risk Analysis as a Percent of Assets Year: 2015 - Quarter: 1
Cert #: 12345 DIST/RSSD:
Charter: NA County: Anycounty
Date
Percent of Total Deposits Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Individ, Partnerships, and Corp. 95.73 92.58 61 93.61 92.67 48 95.9 92.42 63 94.91 92.56 94 92.09
U.S. Govt, States & Political Sub in U.S. 1.1 6 23 2.81 5.9 37 1 6.16 22 3.42 5.99 2.43 6.08
Comml Banks & Other Dep Inst. in U.S. 3.17 0.62 87 3.59 0.62 89 3.1 0.58 88 1.67 0.63 3.57 0.91
Banks in Foreign Countries 0 0.06 99 0 0.01 99 0 0.06 99 0 0.01 0 0.01
Foreign Govts and Official Inst. 0 0 99 0 0 99 0 0 99 0 0 0 0
Total deposits 100 100 99 100 100 99 100 100 99 100 100 100 100
Domestic Demand Deposits 12.09 14.73 40 15.92 16.44 52 14.64 15.36 52 16.3 17.04 17.51 17.13
Domestic Other Transaction Accounts 21.57 9.47 94 25.64 10.81 95 20.89 9.78 91 26.36 11.27 24.12 12.69
Domestic Nontransaction Accounts 66.34 75.23 20 58.44 71.99 13 64.47 74.18 19 57.34 70.93 58.37 69.32
Total Domestic Deposits 100 100 99 100 99.99 99 100 100 99 100 99.99 100 99.96
Deposits in Foreign Offices 0 0 99 0 0.01 99 0 0 99 0 0.01 0 0.04
Total deposits 100 100 99 100 100 99 100 100 99 100 100 100 100
Liquidity/Funding Ratios
Net Non Core Fund Dependence $250M 23.01 18.52 61 16.99 17.82 49 21.29 19.1 56 17.34 17.54 8.78 16.34
Net Non Core Fund Dependence $100M 20.23 17.02 58 13.97 16.57 42 21.29 17.84 58 17.34 16.42 8.78 15.41
Core Deposits 66.42 65.51 50 70.8 67.22 58 67.46 65.51 54 72.92 67.89 77.85 69.82
Short Term Non Core Funding 17.15 16.43 56 9.06 14.35 28 16.43 16.39 53 10.94 13.61 9.54 12.02
Short Term Inv to S.T. Ncore Fund 20.95 55.9 28 62.43 62.48 61 29.63 52.33 42 23.01 60.75 68.7 61.32
Short Term Asset to S.T. Liabilities 117.28 99.73 69 142.33 113.54 71 112.54 100.98 64 169.6 115.53 175.61 114.03
Net S.T. Liabilities to Assets -6.85 2.35 28 -8.73 -1.22 30 -4.48 2.12 33 -19.47 -1.78 -18.22 -1.37
Net Loans & Leases to Deposits 96.79 82.05 83 88.13 81.76 61 90.94 82.35 70 90.94 81.73 79.41 81.45
Net LN&LS to Core Deposits 128.06 108.57 74 110.86 105.04 62 119.59 108.11 67 110.64 103.21 93.1 99.71
Broker Dep Mat < 1 Yr to Broker Deps 49.56 53.86 26 0 50.34 8 49.56 56.58 22 0 50.1 N/A 45.87
Brokered Deposits to Deposits 2.94 2.33 71 3.04 1.94 74 2.89 2.22 71 1.54 1.79 0 1.28
Listing Service Dep to Deposits N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Listing Service & Brkd Dep to Dep N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Sec Bor + Sec FFP to Tot Bor + FFP 0 1.05 85 N/A 0 0 0.94 86 N/A 0 N/A 0
Reciprocal Brkd Dep to Tot Brkd Dep N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Total Deposits
Individ, Partnerships, and Corp.
U.S. Govt, States & Political Sub in U.S.
Comml Banks & Other Dep Inst. in U.S.
Banks in Foreign Countries
Foreign Govts and Official Inst.
Total Deposits
Domestic Demand Deposits
Domestic Other Transaction Accounts
Domestic Nontransaction Accounts
Total Domestic Deposits
Deposits in Foregin Offices
Total Deposits
Other Liquidity/Funding Data
Non Core Liabilities $250M
Non Core Liabilities $100M
Short Term Non Core Funding
Core Deposits
Time Dep $250M & Under Mat < 1 Year
Time Dep $250M & Under Mat > 1 Year
Time Dep over $250M Mat < 1 Year
Time Dep over $250M Mat > 1 Year
Fed Home Loan Bor Mat < 1 Yr
Fed Home Loan Bor Mat > 1 Yr
Other Borrowing Mat < 1 Yr
Other Borrowing Mat > 1 Yr
Secured Other Borrowings
Federal Funds Purchased
Secured Federal Funds Purchased
Listing Service Deposits
Brokered Deposits
Reciprocal Brokered Deposits
129,101 123,136 131,361 123,147 114,616
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Valhalla Commerce Bank Page 10
Liquidity and Funding Year: 2015 - Quarter: 1
0 0 0 0 0
0 0 0 0 0
1,482 3,693 1,364 4,440 2,957
4,273 4,719 4,250 2,165 4,355
29,086 33,730 28,618 34,200 29,410
89,464 76,878 88,304 74,403 71,174
134,856 131,548 136,975 129,752 121,928
16,306 20,940 20,053 21,149 21,344
134,856 131,548 136,975 129,752 121,928
134,856 131,548 136,975 129,752 121,928
0 0 0 0 0
26,311 13,382 25,363 16,007 12,740
101,925 104,574 104,163 106,652 103,998
38,268 30,799 37,162 27,202 19,127
34,303 26,799 37,162 27,202 19,127
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
3,000 2,500 3,000 2,500 0
0 N/A 0 N/A N/A
N/A N/A N/A N/A N/A
0 N/A 0 N/A N/A
1,214 0 0 0 0
3,965 4,000 3,965 2,000 0
N/A N/A N/A N/A N/A
Cert #: 12345 DIST/RSSD:
Charter: NA County: Anycounty
Date
Percent of Total Assets Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Short Term Investments 3.59 7.3 27 5.66 6.6 49 4.87 6.75 45 2.52 6.12 6.55 5.18
Marketable Equity Sec (MES) 0 0.02 85 0 0.02 83 0 0.02 85 0 0.02 0 0.04
Net LN&LS & SBLC to Assets 89.7 69.67 97 81.85 69.16 85 84.87 69.58 92 83.91 68.87 76.58 68.55
Pledged Assets N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Securities Mix % Total Securities
US Treas & Govt Agencies 100 47.4 99 99.15 51.22 94 100 50.89 99 99.17 50.6 99.2 44.74
Municipal Securities 0 18.02 20 0 16.94 20 0 18.07 19 0 16.96 0 15.8
Pass-Through Mtg Back Secs 0 15.53 20 0 15.7 19 0 15.05 19 0 16.11 0 18.65
CMO & REMIC Mtg Back Secs 0 4.78 53 0 4.45 52 0 4.58 52 0 4.51 0 5.13
Commercial Mtg Back Secs N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Asset Backed Securities 0 0.22 96 0 0.23 96 0 0.21 96 0 0.26 0 0.27
Structured Financial Products N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Other Domestic Debt Secs 0 0.69 75 0.85 0.93 75 0 0.84 72 0.83 1.03 0.8 1.53
Foreign Debt Securities 0 0.09 97 0 0.08 97 0 0.07 97 0 0.07 0 0.05
Inv Mut Fnd & Oth Mktbl 0 0.1 85 0 0.13 83 0 0.1 85 0 0.12 0 0.19
Total 100 100 99 100 100 99 100 100 99 100 100 100 100
Liquidity/Securities Ratios:
App (DEP) Hi Risk & Struc/T1CAP 0 -0.04 93 0 -0.32 99 0 -0.17 95 0 -0.28 0 -0.03
App (Dep) in AFS sec to AFS Sec -1.1 -0.57 23 -2.75 -1.65 13 -1.7 -0.8 12 -2.37 -1.39 -1 0.03
App (DEP) In HTM Sec to HTM Sec N/A 0.01 0 -0.5 68 N/A -0.05 0 -0.24 0 1.11
App (DEP) In HTM Sec to EQY CAP 0 -0.03 85 0 -0.16 86 0 -0.05 85 0 -0.14 0 0.1
Pledged Securities to TOT Sec 31.26 44.44 35 26.77 45.15 33 22.38 47.13 25 26.77 45.37 23.54 43.68
Pledged Loans to Total Loans N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Loans Held for Sale to Total Loans 0 0.13 73 0 0.1 75 0 0.12 73 0 0.1 0 0.13
Short Term Investments
Short Term Assets
Debt Securities 90+ Days P/D
Total Non-Current Debt Sec
Fair Value Structured Notes
Pledged Securities
Pledged Loans & Leases
Loans Held for Sale
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Valhalla Commerce Bank Page 10A
Liquidity and Investment Portfolio Year: 2015 - Quarter: 1
0 0 0 0 0
0 0 0 0 0
5,512 8,354 7,516 3,683 8,752
71,378 43,340 62,105 69,397 56,521
N/A N/A N/A N/A N/A
0 0 0 0 0
0 0 0 0 0
5,399 5,500 4,500 5,650 5,150
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date
End of Period Capital ($000)
Perpetual Preferred
+ Common Stock
+ Surplus
+ Undivided Profits
+ Accum Other Comp Income
+ Other Equity Capital Comp
Total Equity Capital
Subordinated Notes & Debentures
Changes in Total Equity ($000)
Balance at Beginning of Period
+ Net Income
+ Sale or Purchase of Capital
+ Merger & Absorptions
+ Restate Due to Acctg Error & Chg
+ Trans. with Parent
- Dividends
+ Other Comprehensive Income
Balance at End of Period
Intangible Assets
Mortgage Servicing Rights
+ Purch Cred Card Relation.
+ Other Intangibles
+ Goodwill
Total Intangibles
Memo:Grandfathered Intangibles
Date
Capital Ratios Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Percent of Total Equity:
Net Loans & Leases (X) 10.42 7.23 94 10.19 7.42 90 10.33 7.26 94 10.5 7.35 9.69 7.36
Subord Notes & Debentures 0 0.28 97 0 0.43 97 0 0.32 97 0 0.37 0 0.46
Long Term Debt 0 0.28 97 0 0.43 97 0 0.32 97 0 0.37 0 0.46
Com RE & Related Ventures 633.47 335.36 93 603.46 339.75 91 633.46 333.35 94 600.83 332.76 496.97 321.26
Percent of Average Total Equity:
Net Income 5.17 10.11 20 6.44 11.61 18 6.71 11.53 20 6.65 12.02 4.86 11.59
Dividends 0 3.77 47 0 3.61 50 4.35 4.77 54 0 4.2 0 3.98
Retained Earnings 5.17 5.59 44 6.44 7.01 44 2.36 6.12 22 6.65 7.14 4.86 6.96
Other Capital Ratios:
Dividends to net Oper Income 0 34.73 46 0 28.77 49 64.77 38.76 72 0 33.29 0 31.71
Equity Capital to Assets 8.17 9.86 21 7.7 9.51 19 7.81 9.81 15 7.68 9.56 7.48 9.5
Growth Rates:
Total Equity Capital 10.16 10.31 58 14.69 10.19 76 7.25 10.07 45 12.47 9.48 16.56 11.02
Equity Growth Less ASST Growth 6.27 2.29 68 4.87 -0.39 73 1.68 1.45 51 2.98 -0.87 5.2 0.29
Intang Assets % Total Equity
Mortgage Servicing Rights 0 0.02 90 0 0.03 90 0 0.02 90 0 0.03 0 0.03
Goodwill 0 1.55 74 0 1.37 75 0 1.76 74 0 1.55 0 1.14
Purch Credit Card Relation 0 0.03 97 0 0.02 97 0 0.02 97 0 0.02 0 0.01
All Other Intangibles 0 0.17 83 0 0.19 83 0 0.23 82 0 0.2 0 0.19
Total Intangibles 0 2.12 62 0 2.02 62 0 2.39 62 0 2.17 0 1.76
0 0 0 0 0
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Valhalla Commerce Bank Page 11
Risk-Based Capital Analysis Year: 2015 - Quarter: 1
3,114 2,864 2,955 2,685 1,996
-130 -381 -196 -336 -143
2,196 2,196 2,196 2,196 2,196
7,350 6,695 7,100 6,695 5,945
0 0 0 0 0
0 0 0 0 0
12,530 11,374 12,055 11,240 9,994
0 0 4 0 0
0 0 0 0 0
12,055 11,239 11,239 9,994 8,574
159 182 772 688 450
0 0 500 0 0
66 -47 140 -193 -80
0 0 0 0 0
250 0 400 750 1,050
0 0 0 0 0
0 0 0 0 0
12,530 11,374 12,055 11,239 9,994
0 0 0 0 0
N/A N/A N/A N/A N/A
0 0 0 0 0
0 0 0 0 0
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date
Risk-Based Capital ($000)
Tier One Capital
Total Equity Capital Adjusted
- Ineligible Def Tax Assets
- Ineligible Intangibles
- Cumul Change F.V. Financeial Liab
Net Tier One
Tier Two Capital
+ Qualif Debt and Redeem Pfd
+ Cumulative Preferred Stock
+ Allowable LN&LS Loss Allowance
+ Unrl Gain Mktbl Eqy Sec (45%)
+ Other Tier 2 Capital Comp
Net Eligible Tier Two
Total RBC Before Deductions
Tier One & Tier Two
Tier Three & Fin Sub Adj
- Reciprocal Capital Holdings
- Deductions for Total RBC
Total Risk-Based Capital
Risk-Weighted Assets
On-Balance Sheet
Category Two - 20%
Category Three - 50%
Category Four - 100%
Total On-Balance Sheet
Memo: Category One - 0%
Off-Balance Sheet
Category Two - 20%
Category Three - 50%
Category Four - 100%
Total Off-Balance Sheet
Memo: Category One - 0%
Adjustments to Risk-Weighted Assets
Risk-Weighted Asset Before Ded
- Ineligible Deferred Tax Assets
- Ineligible Intangibles
- Deductions for Total RBC
- Reciprocal Capital Holdings
- Excess Allowable LN&LS Loss AL
- Allocated Transfer Risk Reserv
+ MARKET RISK EQUIV ASSETS
Total Risk-Weighted Assets
Date
Risk-Based Capital Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Tier One RBC to Risk-WGT Assets 9.12 12.89 3 9.34 12.83 8 9.32 12.82 5 9.35 12.84 9.73 12.76
Total RBC to Risk-Weight Assets 10.1 13.96 2 10.33 13.91 5 10.34 13.9 4 10.35 13.93 10.63 13.88
Tier One Leverage Capital 8.29 9.59 25 8.03 9.43 23 7.88 9.51 17 7.84 9.36 7.6 9.16
Other Capital Ratio:
Def Tax Asset to T1 Cap 2.42 1.34 70 2.66 1.63 67 1.87 1.47 61 1.48 1.7 0.73 1.28
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Valhalla Commerce Bank Page 11A
Capital Analysis Year: 2015- Quarter: 1
12,660 11,755 12,251 11,576 10,137
0 0 0 0 0
12,660 11,755 12,251 11,576 10,137
0 0 0 0 0
0 N/A N/A N/A N/A
0 0 0 0 0
1,369 1,248 1,335 1,230 931
0 0 0 0 0
1,369 1,248 1,335 1,230 931
0 0 0 0 0
0 0 0 0 0
N/A N/A N/A N/A N/A
0 0 0 0 0
14,029 13,003 13,586 12,806 11,068
0 0 0 0 0
14,029 13,003 13,586 12,806 11,068
114,770 99,728 108,127 99,498 80,803
128,522 115,539 123,575 115,494 97,117
3,887 5,753 5,292 5,101 6,750
9,865 10,057 10,156 10,895 9,563
0 0 0 0 0
1,066 909 1,184 1,205 1,053
10,273 10,311 7,734 8,233 7,020
0 0 0 0 0
0 0 0 0 0
10,273 10,311 7,734 8,233 7,020
138,795 125,850 131,309 123,727 104,137
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
0 0 0 0 0
N/A N/A N/A N/A N/A
0 0 0 0 0
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Note:From March 31, 2001 forward risk based capital ratios and data do include adjustment for financial subsidiaries. For banks with financial subsidiaries, please refer to call report for information on the adjustment.
138,796 125,851 131,310 123,728 104,138
0 0 0 0 0
0 0 0 0 0
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date
Earnings and Profitability Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 PCT Bank Peer4 Bank Peer4
Percent of Average Assets:
Interest Income (TE) 6.87 6.76 58 6.23 6.27 49 6.92 6.83 56 6.25 6.18 5.36 5.49
- Interest Expense 3.01 2.82 59 2.31 2.16 58 3.01 2.76 62 2.09 2 1.53 1.4
Net Interest Income (TE) 3.85 3.94 47 3.92 4.11 40 3.91 4.08 43 4.16 4.18 3.83 4.09
+ Noninterest Income 0.35 0.73 16 0.41 0.74 20 0.29 0.77 10 0.41 0.78 0.45 0.81
- Non-Interest Expense 3.48 3.19 66 3.53 3.19 69 3.32 3.26 57 3.39 3.23 3.47 3.25
- Provision: Loan & Lease Losses 0.09 0.11 47 0.05 0.14 27 0.06 0.18 36 0.29 0.17 0.14 0.2
= Pretax Operating Income (TE) 0.63 1.37 16 0.75 1.55 10 0.81 1.4 22 0.89 1.58 0.68 1.49
+ Realized Gains/Losses Secs 0 0 91 0 0 93 0 0 89 0 0 0 0
= Pretax Net Operating Inc (TE) 0.63 1.37 16 0.75 1.54 11 0.81 1.4 22 0.89 1.57 0.68 1.5
Net Operating Income 0.42 0.99 14 0.5 1.1 11 0.53 1 21 0.59 1.11 0.44 1.07
Adjusted Net Operating Income 0.5 1.06 17 0.55 1.2 11 0.6 1.05 22 0.85 1.16 0.29 1.13
Net Income Adjusted Sub S 0.42 0.89 15 0.5 1 11 0.53 0.91 22 0.59 1.03 0.44 0.98
Net Income 0.42 0.99 14 0.5 1.1 11 0.53 1 21 0.59 1.11 0.44 1.07
Margin Analysis:
Int Inc (TE) to AVG Earn Assets 7.08 7.24 43 6.41 6.72 35 7.16 7.32 44 6.61 6.63 5.58 5.89
Int Expense to AVG Earn Assets 3.11 3.02 53 2.38 2.32 51 3.12 2.96 57 2.21 2.14 1.59 1.5
Net Int Inc-TE to AVG Earn Asst 3.97 4.23 40 4.03 4.41 32 4.04 4.37 37 4.4 4.49 3.99 4.4
Loan & Lease Analysis
Net Loss to Average Total LN&LS 0 0.07 40 0 0.06 27 0 0.2 23 0.04 0.17 0.38 0.2
Earnings Coverage of Net Loss (X) N/A 6.14 -291 3.68 7 N/A 15.88 36.42 18.2 2.8 22.3
LN&LS Allowance to Net Losses (X) N/A 3.52 -312 -0.48 3 N/A 8.24 25.63 7.48 2.38 10.67
Capitalization
Cash Dividends to Net Income 0 33.27 48 0 27.97 50 0 43.32 41 0 40.05 0 36.42
Retain Earns to AVG Total Equity 5.08 5.49 44 6.4 6.9 44 6.94 4.2 60 8.03 5.65 5.9 5.72
Yield On or Cost Of:
Total Loans & Leases (TE) 7.58 8.01 30 7.03 7.51 29 7.84 8.12 37 7.09 7.45 6.22 6.69
Loans in Domestic Offices 7.58 7.99 30 7.03 7.49 29 7.84 8.11 37 7.09 7.44 6.22 6.67
Real Estate 7.58 7.83 39 7.04 7.33 37 7.96 7.92 51 7.23 7.29 6.12 6.57
Commercial & Industrial 7.56 8.58 16 7.03 7.99 17 6.17 8.66 4 6.09 7.84 7.14 6.88
Individual 7.19 8.7 15 6.47 8.26 10 10.06 8.82 78 7.16 8.38 4.76 8.08
Credit Card Plans 8.73 11.18 26 6.8 12.47 9 9.03 11.22 31 6.76 10.58 9.85 10.62
Agricultural N/A 8.17 N/A 7.69 N/A 8.4 N/A 7.67 N/A 6.8
Loans In Foreign Offices N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Total Investment Securities (TE) 3.61 4.82 2 3.36 4.35 5 3.61 4.74 4 3.52 4.21 3.17 3.94
Total Investment Securities (Book) 3.61 4.47 3 3.36 4.02 9 3.61 4.39 6 3.52 3.88 3.17 3.62
U.S. Treas & Agency (Excl MBS) 3.55 4.47 7 3.21 3.85 12 3.56 4.34 11 3.21 3.67 3.2 3.28
Mortgage Backed Securities N/A 4.67 N/A 4.32 N/A 4.64 N/A 4.15 N/A 3.92
All Other Securities N/A 4.15 20.57 4.11 99 N/A 4.16 41.14 4.08 0 4.1
Interest-Bearing Bank Balances 0 4.27 19 5.63 3.2 87 11.76 4.53 91 16.67 3.35 N/A 1.71
Federal Funds Sold & Resales 400 5.18 99 4.27 4.4 26 5.09 5.27 22 194.44 3.94 1.96 1.91
Total Int-Bearing Deposits 3.73 3.66 52 2.97 2.78 58 3.74 3.61 55 2.71 2.58 1.99 1.76
Transaction Accounts 1.79 1.35 69 1.77 1.07 81 1.82 1.35 69 1.69 0.99 0.81 0.66
Other Savings Deposits 1.87 2.53 28 1.64 1.94 36 1.9 2.5 30 0.69 1.77 0.58 1.1
Time Deps Over $100M 4.93 4.76 62 3.99 3.76 71 4.4 4.7 22 2.87 3.51 2.64 2.53
All Other Time Deposits 4.82 4.57 70 3.89 3.57 78 5.2 4.53 89 4.55 3.39 3.01 2.5
Deposits in Foreign Offices N/A 0 N/A 3.6 N/A 0 N/A 3.13 N/A 1.65
Federal Funds Purchased & Repos 0.25 4.09 8 3.7 3.53 41 27.07 4.22 97 32.91 3.12 15 1.62
Other Borrowed Money 7.07 4.82 97 4.48 4.31 57 6.2 4.9 90 1.76 4.21 N/A 3.42
Subordinated Notes & Debentures N/A -6.96 N/A 6.13 N/A 7.27 N/A 5.56 N/A 4.58
All Interest-Bearing Funds 3.77 3.73 51 3.01 2.88 55 3.88 3.68 59 2.78 2.69 2.01 1.86
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
Valhalla Commerce Bank Page 12
One Quarter Annualized Income Analysis Year: 2015 - Quarter: 1
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date1 Quarter 1 Year
Activity ($000)
Securitization Activities N/A N/A
1-4 Family Residential Loans N/A N/A
Home Equity Lines N/A N/A
Credit Card Receivables N/A N/A
Auto Loans N/A N/A
Commercial & Industrial Loans N/A N/A
All Other Loans and Leases N/A N/A
Retained Interest-only Strips N/A N/A
1-4 Family Residential Loans N/A N/A
Home Equity Loans N/A N/A
Credit Card Receivables N/A N/A
Auto Loans N/A N/A
Commercial & Industrial Loans N/A N/A
All Other Loans and Leases N/A N/A
Retained Credit Enhancements N/A N/A
1-4 Family Residential Loans N/A N/A
Home Equity Loans N/A N/A
Credit Card Receivables N/A N/A
Auto Loans N/A N/A
Commercial & Industrial Loans N/A N/A
All Other Loans and Leases N/A N/A
Unused Liquidity Committments N/A N/A
Sellers Interest in Secs & Loans N/A N/A
Home Equity Lines N/A N/A
Credit Card Receivables N/A N/A
Commercial & Industrial Loans N/A N/A
Total Retained Credit Exposure N/A N/A
Asset Backed Comml Paper Cond N/A N/A
Cr Exp Spons by Bank & Other N/A N/A
Liquid Comm by Bank & Other N/A N/A
Activity %total Assets
Securitization Activities
1-4 Family Residential Loans
Home Equity Lines
Credit Card Receivables
Auto Loans
Commercial & Industrial Loans
All Other Loans and Leases
Asset Backed Comml Paper Cond
Cr Exp Spons by Bank & Other
Liquid Comm by Bank & Other
Percent of Tot Managed Assets on Balance
Sheet & Sec Assets
1-4 Family Residential Loans
Home Equity Lines
Credit Card Receivables
Auto Loans
Commercial & Industrial Loans
All Other Loans and Leases
Percent Change
Valhalla Commerce Bank Page 13
Securitization and Asset Sale Activities Year: 2015 - Quarter: 1
0 0 0 0 0
0 0 0 0 0
3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
18 19 19 20
4 6 5 7 9
11 12 11 11 14
60 58 60 56 51
0 0 0 0 0
3 3 3 3 4
20
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date 3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
% Tot Securitization Act by Type
Retained Int Only Strips N/A N/A N/A N/A N/A
1-4 Family Residential Loans N/A N/A N/A N/A N/A
Home Equity Lines N/A N/A N/A N/A N/A
Credit Card Receivables N/A N/A N/A N/A N/A
Auto Loans N/A N/A N/A N/A N/A
Commercial & Industrial Loans N/A N/A N/A N/A N/A
All Other Loans and Leases N/A N/A N/A N/A N/A
Retained Credit Enhancement N/A N/A N/A N/A N/A
1-4 Family Residential Loans N/A N/A N/A N/A N/A
Home Equity Lines N/A N/A N/A N/A N/A
Credit Card Receivables N/A N/A N/A N/A N/A
Auto Loans N/A N/A N/A N/A N/A
Commercial & Industrial Loans N/A N/A N/A N/A N/A
All Other Loans and Leases N/A N/A N/A N/A N/A
Unused Comm to Provide Liquidity N/A N/A N/A N/A N/A
Sellers Int in Secs& Lns % Trust N/A N/A N/A N/A N/A
Home Equity Lines N/A N/A N/A N/A N/A
Credit Card Receivables N/A N/A N/A N/A N/A
Commercial and Industrial Loans N/A N/A N/A N/A N/A
Percent of Tier 1 Capital
Total Retained Credit Exposure 0 0 0 0 0
Retained Interest-only Strips 0 0 0 0 0
Retained Credit Enhancements 0 0 0 0 0
30-89 Day Pd Securitized Assets
1-4 Family Residential Loans 0 0 0 0 0
Home Equity Lines 0 0 0 0 0
Credit Card Receivables 0 0 0 0 0
Auto Loans 0 0 0 0 0
Commercial & Industrial Loans 0 0 0 0 0
All Other Loans and Leases 0 0 0 0 0
Total 30-89 Day Pd Secur Asset 0 0 0 0 0
90+ Days Pd Securitized Assets
1-4 Family Residential Loans 0 0 0 0 0
Home Equity Lines 0 0 0 0 0
Credit Card Receivables 0 0 0 0 0
Auto Loans 0 0 0 0 0
Commercial & Industrial Loans 0 0 0 0 0
All Other Loans and Leases 0 0 0 0 0
Total 90 + Day Pd Secur Asset 0 0 0 0 0
Total Past Due Securitized Assets 0 0 0 0 0
Net Losses Securitized Assets
1-4 Family Residential Loans 0 0 0 0 0
Home Equity Lines 0 0 0 0 0
Credit Card Receivables 0 0 0 0 0
Auto Loans 0 0 0 0 0
Commercial & Industrial Loans 0 0 0 0 0
All Other Loans and Leases 0 0 0 0 0
Total Net Charge Off Secur Asset 0 0 0 0 0
Valhalla Commerce Bank Page 13A
Securitization and Asset Sale Activities Year: 2015 - Quarter: 1
Cert #: 12345 DIST/RSSD:
Charter: NA County:
Date 3/31/2015 3/31/2014 12/31/2014 12/31/2013 12/31/2012
30-89 Day Pd Securitized Assets %
1-4 Family Residential Loans N/A N/A N/A N/A N/A
Home Equity Lines N/A N/A N/A N/A N/A
Credit Card Receivables N/A N/A N/A N/A N/A
Auto Loans N/A N/A N/A N/A N/A
Commercial & Industrial Loans N/A N/A N/A N/A N/A
All Other Loans and Leases N/A N/A N/A N/A N/A
Total 30-89 Day Pd Secur Asset N/A N/A N/A N/A N/A
90+ Day Pd Securitized Assets
1-4 Family Residential Loans N/A N/A N/A N/A N/A
Home Equity Lines N/A N/A N/A N/A N/A
Credit Card Receivables N/A N/A N/A N/A N/A
Auto Loans N/A N/A N/A N/A N/A
Commercial & Industrial Loans N/A N/A N/A N/A N/A
All Other Loans and Leases N/A N/A N/A N/A N/A
Total 90 + Day Pd Secur Asset N/A N/A N/A N/A N/A
Total Pd Securitized Assets % N/A N/A N/A N/A N/A
Net Losses on Securitized Assets%
1-4 Family Residential Loans N/A N/A N/A N/A N/A
Home Equity Lines N/A N/A N/A N/A N/A
Credit Card Receivables N/A N/A N/A N/A N/A
Auto Loans N/A N/A N/A N/A N/A
Commercial & Industrial Loans N/A N/A N/A N/A N/A
All Other Loans and Leases N/A N/A N/A N/A N/A
Net Losses on Secur Assets N/A N/A N/A N/A N/A
30-89 Day Pd Managed Assets %
1-4 Family Residential Loans N/A N/A N/A N/A N/A
Home Equity Lines N/A N/A N/A N/A N/A
Credit Card Receivables N/A N/A N/A N/A N/A
Commercial & Industrial Loans N/A N/A N/A N/A N/A
All Other Loans and Leases N/A N/A N/A N/A N/A
Total 30-89 Day Pd Manage Asset N/A N/A N/A N/A N/A
90+ Day Pd Managed Assets %
1-4 Family Residential Loans N/A N/A N/A N/A N/A
Home Equity Lines N/A N/A N/A N/A N/A
Credit Card Receivables N/A N/A N/A N/A N/A
Commercial & Industrial Loans N/A N/A N/A N/A N/A
All Other Loans and Leases N/A N/A N/A N/A N/A
Total 90 + Day Pd Manage Asset N/A N/A N/A N/A N/A
Total Past Due Managed Assets % N/A N/A N/A N/A N/A
Net Losses on Managed Assets %
1-4 Family Residential Loans N/A N/A N/A N/A N/A
Home Equity Lines N/A N/A N/A N/A N/A
Credit Card Receivables N/A N/A N/A N/A N/A
Commercial & Industrial Loans N/A N/A N/A N/A N/A
All Other Loans and Leases N/A N/A N/A N/A N/A
Net Losses on Manage Assets N/A N/A N/A N/A N/A
Valhalla Commerce Bank Page 13B
Past Due and Charged Off Securitization Activities Year: 2015 - Quarter: 1
