8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

April 18, 2006

Date of Report (Date of earliest event reported)

NATIONAL CITY CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	1-10074	34-1111088
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of incorporation)		Identification No.)

1900 East Ninth Street, Cleveland, Ohio	44114-3484
(Address of principal executive offices)	(Zip Code)

(216) 222-2000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On April 18, 2006, National City Corporation issued a news release announcing its financial results for the first quarter ended March 31, 2006 and included on its Web site at www.NationalCity.com its Financial Supplement, which contains additional financial information. The news release and the Financial Supplement are attached hereto as Exhibits 99.1 and 99.2, respectively, and are being furnished under Item 2.02 of this Form 8-K.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(c) The following exhibits are being furnished herewith:

Exhibit No.	Exhibit Description
99.1	News release issued by National City Corporation dated April 18, 2006
99.2	Financial Supplement of National City Corporation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	National City Corporation
	(Registrant)
Date: April 18, 2006	By:	/s/ David L. Zoeller
		David L. Zoeller
		Executive Vice President and General Counsel

EX-99.1

Exhibit 99.1

National City Corporation
1900 E. 9^th St.
Cleveland, OH 44114-3484

NEWS RELEASE
For Immediate Release

Investor Contact:	Media Contact:
Jennifer Hammarlund	Kristen Baird Adams
216-222-9849	216-222-8202
jennifer.hammarlund@nationalcity.com	kristen.bairdadams@nationalcity.com

NATIONAL CITY REPORTS FIRST QUARTER 2006 EARNINGS

     CLEVELAND—April 18, 2006— National City Corporation (NYSE: NCC) today reported first quarter 2006 net income of $459 million, or $.74 per diluted share, compared to $484 million, or $.74 per diluted share for the first quarter of 2005, and $398 million, or $.64 per diluted share for the fourth quarter of 2005.

Chairman’s Comments

     Chairman and CEO David A. Daberko commented, “First quarter results were solid across the board. As expected, the contribution from mortgage activities has declined, while core banking results continued to grow both in absolute terms and as a percentage of overall earnings. While direct comparisons between periods are hindered by unusual items and our strategic move to an originate-and-sell model for certain assets, the quarters nonetheless showed favorable underlying trends in revenue and household growth. Credit quality was also a plus, and remains strong.”

Net Interest Income and Margin

     Tax-equivalent net interest income was $1.2 billion for the first quarter of 2006, approximately equal to the preceding quarter, and up 2% from the first quarter a year ago. Net interest margin was 3.81% for the first quarter of 2006, up from 3.74% in the fourth quarter of 2005 and 3.78% in the first quarter of last year. The linked-quarter comparison of tax-equivalent net interest income is stable, despite a higher net interest margin, which reflects a

(more)

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decrease in earning assets due to the sale or securitization of $1.5 billion of home equity lines of credit and credit card balances during the first quarter of 2006. The year-over-year increase in tax-equivalent net interest income reflects growth in earning assets and a higher net interest margin.

Loans and Deposits

     Average portfolio loans were $105 billion for the first quarter of 2006, a 4% increase from a year ago, which reflects growth in commercial loans, particularly in commercial leases, as well as mortgage loans. On a linked-quarter basis, average portfolio loans were down slightly due to the reclassification of home equity lines and loans from portfolio into held for sale pursuant to the implementation of the Corporation’s previously announced originate-and-sell strategy for these assets. Average core deposits, excluding mortgage banking escrow balances, were $64.5 billion, up slightly from the preceding quarter and the first quarter a year ago. Average Consumer & Small Business core deposits were up 5% from a year earlier.

Fees and Other Income

     Fees and other income for the first quarter of 2006 were $644 million, down $124 million from the preceding quarter and $141 million from the first quarter a year ago, primarily due to lower gains on sale of mortgage loans and unfavorable net hedging results.

     Mortgage loan production and sales revenue was $119 million for the first quarter of 2006, down $65 million compared to the preceding quarter, and $72 million from the first quarter a year ago. The linked-quarter decrease reflects lower gains on sale of mortgage loans, while the year-over-year decrease is primarily due to lower gains on hedging mortgage loans held for sale. Net hedging losses on mortgage servicing rights (MSR), included within loan servicing income, were $(101) million for the first quarter of 2006, versus net MSR hedging gains of $15 million and $70 million in the fourth and first quarter of 2005, respectively.

     Deposit and other banking service fees, trust fees, and card-related fees were $323 million in the first quarter of 2006, down seasonally from $333 million in the fourth quarter, but up 13% from $286 million a year ago. Fees and other income for the first quarter of 2006 also included $31 million related to the partial release of a $36 million chargeback guarantee liability associated with a now-terminated credit card processing agreement for a major airline.

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Noninterest Expense

     Noninterest expense was $1.1 billion, down $129 million from the immediately preceding quarter and about equal to the first quarter a year ago. On a linked-quarter basis, noninterest expense decreased mainly due to unusual and infrequently occurring expenses incurred in the fourth quarter of 2005, including $56 million of severance and other costs related to the Corporation’s Best In Class initiative and a $30 million contribution to the Corporation’s charitable foundation. In comparison, the first quarter of 2006 included only $4 million of severance and other costs related to the Best In Class initiative, and no comparable charitable contributions. On a year-over-year basis, noninterest expense was relatively unchanged. The first quarter of 2006 contained no significant unusual or infrequently occurring items, while the first quarter of 2005 contained $19 million of acquisition integration costs and a $29 million one-time adjustment related to lease accounting.

Income Taxes

     The effective tax rate for the first quarter of 2006 was 31%, down from 34% in the year-earlier period. The lower rate in 2006 reflects higher tax credits, lower state and local taxes, as well as some favorable adjustments to tax reserves.

Credit Quality

     The provision for credit losses for the first quarter of 2006 was $27 million, down from $132 million in the preceding quarter and $70 million in the first quarter a year ago. The decrease in the provision reflects a lower required allowance for loan losses due largely to continued improvement in credit quality and lower portfolio levels of certain consumer loans. In addition, the higher provision for credit losses in the fourth quarter of 2005 considered probable losses arising from the large number of consumer bankruptcy filings which occurred in late 2005 associated with a change in bankruptcy laws. First quarter 2006 net charge-offs were $121 million, compared to $138 million in the preceding quarter and $87 million in the first quarter a year ago. First quarter 2006 charge-offs included $24 million of passenger airline lease losses, and $20 million of consumer bankruptcy losses, both reserved for in prior periods. Nonperforming assets were $647 million at March 31, 2006, up from $596 million at December 31, 2005, with substantially all of the net increase due to the reclassification of $51

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million of insured loans in foreclosure to other real estate owned pursuant to recent regulatory guidance. The allowance for loan losses was $1.0 billion, or .98% of portfolio loans, at March 31, 2006 compared to $1.1 billion, or 1.03% of portfolio loans, as of December 31, 2005. Credit quality continues to be good.

Balance Sheet

     At March 31, 2006, total assets were $140.2 billion, and stockholders’ equity was $12.6 billion, or 9.0% of total assets. Tangible common equity as a percentage of tangible assets was 6.70% at March 31, 2006, up from 6.57% at December 31, 2005 and 6.65% at March 31, 2005. At March 31, 2006, total deposits were $81.4 billion, including core deposits of $69.9 billion. The Corporation repurchased 7.5 million shares of its common stock during the first quarter of 2006 and has authorization to repurchase another 26 million shares. The Corporation intends to continue share repurchases over the rest of the year, subject to market conditions and applicable regulatory constraints.

     In December 2005, the Corporation signed a definitive agreement to purchase privately-held Forbes First Financial Corporation, a bank holding company with approximately $500 million of assets, operating eight branches and three limited service locations in the St. Louis, Missouri market. Completion of this transaction is expected to occur in the second quarter of 2006.

Forward-Looking Statements

     This document contains forward-looking statements. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include, without limitation, the Corporation’s

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ability to effectively execute its business plans; changes in general economic and financial market conditions; changes in interest rates; changes in the competitive environment; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; losses, customer bankruptcy, claims and assessments; changes in banking regulations or other regulatory or legislative requirements affecting the Corporation’s business; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies. Additional information concerning factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements is available in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2005, and subsequent filings with the United States Securities and Exchange Commission (SEC). Copies of these filings are available at no cost on the SEC’s Web site at www.sec.gov or on the Corporation’s Web site at nationalcity.com. Management may elect to update forward-looking statements at some future point; however, it specifically disclaims any obligation to do so.

     Mr. Daberko, along with Jeffrey D. Kelly, vice chairman and chief financial officer, will host a conference call Tuesday, April 18th at 11:00 a.m. (ET) to discuss the first quarter 2006 results. Interested parties may access the conference call by dialing 1-877-777-1967. The conference call and supplemental materials will also be accessible via the Corporation’s Web site, nationalcity.com/investorrelations. The call will be open to the public in a listen-only mode, with participants encouraged to call in approximately 15 minutes prior to the event. Questions may be submitted by e-mail to investor.relations@nationalcity.com prior to or during the conference.

     A replay of the conference call will be available from 2:30 p.m. (ET) on April 18, 2006, until midnight (ET) on April 25, 2006, accessible at nationalcity.com and by telephone at 1-800-475-6701 (international 320-365-3844), passcode 820953 or via the Company’s website.

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About National City

National City Corporation (NYSE: NCC), headquartered in Cleveland, Ohio, is one of the nation’s largest financial holding companies. The company operates through an extensive banking network primarily in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri and Pennsylvania, and also serves customers in selected markets nationally. Its core businesses include commercial and retail banking, mortgage financing and servicing, consumer finance and asset management. For more information about National City, visit the company’s Web site at nationalcity.com.

Unaudited
National City Corporation
CONSOLIDATED FINANCIAL HIGHLIGHTS
(in millions, except per share data)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
EARNINGS
Tax-equivalent interest income	$	2,153		$	2,113		$	2,034		$	1,865		$	1,751		$	1,727		$	1,601		$	1,387		$	1,338
Interest expense		969			921			827			694			594			509			424			335			325
Tax-equivalent net interest income		1,184			1,192			1,207			1,171			1,157			1,218			1,177			1,052			1,013
Provision for credit losses		27			132			56			26			70			81			98			61			83
Tax-equivalent NII after provision for credit losses		1,157			1,060			1,151			1,145			1,087			1,137			1,079			991			930
Fees and other income		644			768			748			976			785			1,442			1,021			849			1,109
Securities gains (losses), net		12			9			(1	)		5			14			11			3			5			—
Noninterest expense		1,142			1,271			1,158			1,181			1,145			1,247			1,211			1,049			965
Income before taxes and tax-equivalent adjustment		671			566			740			945			741			1,343			892			796			1,074
Income taxes		204			161			254			311			250			376			293			272			357
Tax-equivalent adjustment		8			7			8			9			7			7			8			5			7
Net income	$	459		$	398		$	478		$	625		$	484		$	960		$	591		$	519		$	710
Effective tax rate		30.8	%		28.6	%		34.8	%		33.2	%		34.1	%		28.1	%		33.2	%		34.4	%		33.5	%
PER COMMON SHARE
Net income:
Basic	$	.75		$	.65		$	.75		$	.98		$	.75		$	1.48		$	.88		$	.84		$	1.17
Diluted		.74			.64			.74			.97			.74			1.46			.86			.83			1.16
Dividends paid		.37			.37			.37			.35			.35			.35			.35			.32			.32
Book value		20.69			20.51			20.54			20.42			19.82			19.80			18.98			16.86			16.25
Market value (close)		34.90			33.57			33.44			34.12			33.50			37.55			38.62			35.01			35.58
Average shares:
Basic		611.9			618.2			635.9			636.9			643.0			652.9			663.3			619.1			605.9
Diluted		619.7			625.4			644.7			644.1			652.5			666.3			677.1			625.5			612.6
PERFORMANCE RATIOS
Return on average common equity		14.91	%		12.57	%		14.59	%		19.65	%		15.35	%		29.71	%		19.00	%		20.13	%		29.58	%
Return on average total equity		14.92			12.59			14.61			19.66			15.37			29.72			19.01			20.13			29.58
Return on average assets		1.33			1.10			1.31			1.80			1.42			2.77			1.76			1.80			2.61
Net interest margin		3.81			3.74			3.72			3.76			3.78			4.01			3.97			4.03			4.11
Efficiency ratio		62.50			64.85			59.25			55.03			58.94			46.85			55.11			55.15			45.50
LINE OF BUSINESS (LOB) RESULTS
Net Income:
National City Mortgage	($	69	)	$	20		$	26		$	153		$	85		$	13		$	139		$	17		$	273
National Consumer Finance		125			132			131			154			162			137			171			182			169
Total mortgage businesses		56			152			157			307			247			150			310			199			442
Rest of National City (RONC):
Consumer and Small Business Financial Services		178			162			171			153			140			159			151			148			133
Wholesale Banking		205			193			206			194			183			194			168			165			141
Asset Management		23			14			19			26			21			18			26			64			25
National Processing		—			—			—			—			—			(9	)		17			14			12
Parent and Other		(3	)		(123	)		(75	)		(55	)		(107	)		448			(81	)		(71	)		(43	)
Total RONC		403			246			321			318			237			810			281			320			268
Total Consolidated National City Corporation	$	459		$	398		$	478		$	625		$	484		$	960		$	591		$	519		$	710
LOB Contribution to Diluted Earnings Per Share:
National City Mortgage	($	.11	)	$	.03		$	.04		$	.24		$	.13		$	.01		$	.20		$	.02		$	.45
National Consumer Finance		.20			.21			.20			.24			.25			.20			.25			.29			.28
Total mortgage businesses		.09			.24			.24			.48			.38			.21			.45			.31			.73
Rest of National City (RONC):
Consumer and Small Business Financial Services		.29			.26			.27			.23			.22			.24			.22			.24			.22
Wholesale Banking		.33			.31			.32			.30			.28			.29			.25			.26			.23
Asset Management		.04			.02			.03			.04			.03			.03			.04			.10			.04
National Processing		—			—			—			—			—			(.01	)		.02			.02			.02
Parent and Other		(.01	)		(.19	)		(.12	)		(.08	)		(.17	)		.70			(.12	)		(.10	)		(.08	)
Total RONC		.65			.40			.50			.49			.36			1.25			.41			.52			.43
Total Consolidated National City Corporation	$	.74		$	.64		$	.74		$	.97		$	.74		$	1.46		$	.86		$	.83		$	1.16

3

Unaudited
National City Corporation
CONSOLIDATED FINANCIAL HIGHLIGHTS (continued)
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
CREDIT QUALITY STATISTICS
Net charge-offs	$	121		$	138		$	83		$	72		$	87		$	104		$	97		$	63		$	82
Provision for credit losses		27			132			56			26			70			81			98			61			83
Loan loss allowance		1,001			1,094			1,108			1,125			1,179			1,188			1,178			1,028			1,011
Lending-related commitment allowance		79			84			88			100			93			100			127			117			115
Nonperforming assets		647			596			585			572			578			563			628			544			606
Annualized net charge-offs to average portfolio loans		.46	%		.52	%		.30	%		.27	%		.35	%		.41	%		.41	%		.30	%		.42	%
Loan loss allowance to period-end portfolio loans		.98			1.03			1.02			1.05			1.15			1.19			1.21			1.21			1.26
Loan loss allowance to nonperforming portfolio loans		207.14			223.11			230.08			238.64			245.11			256.92			234.48			234.09			200.41
Loan loss allowance (period-end) to annualized net charge-offs		204.29			199.42			336.67			391.50			330.46			290.31			302.46			407.33			305.75
Nonperforming assets to period-end portfolio loans and other nonperforming assets		.63			.56			.54			.53			.56			.56			.64			.64			.76
CAPITAL AND LIQUIDITY RATIOS
Tier 1 capital(1)		7.43	%		7.43	%		7.68	%		7.96	%		7.91	%		8.25	%		8.23	%		9.02	%		9.36	%
Total risk-based capital(1)		10.36			10.54			10.78			11.20			11.25			11.79			11.86			13.07			13.67
Leverage(1)		6.94			6.83			7.03			7.36			7.22			7.31			7.35			7.90			8.19
Period-end equity to assets		9.00			8.86			8.80			9.02			8.97			9.18			9.14			8.82			8.83
Period-end tangible common equity to assets (2)		6.70			6.57			6.57			6.75			6.65			6.83			6.71			7.64			7.88
Average equity to assets		8.94			8.78			8.95			9.13			9.23			9.31			9.24			8.94			8.81
Average equity to portfolio loans		11.83			11.79			11.98			12.16			12.62			12.96			12.95			12.50			12.20
Average portfolio loans to deposits		127.05			126.68			127.88			130.12			124.24			118.81			115.64			114.14			120.41
Average portfolio loans to core deposits		155.09			156.15			158.32			154.90			150.92			145.55			141.36			132.88			135.63
Average portfolio loans to earning assets		84.71			83.41			83.59			84.13			82.45			81.54			80.57			79.26			80.09
Average securities to earning assets		6.20			6.00			5.75			6.21			6.67			7.44			7.79			6.01			6.27
AVERAGE BALANCES
Assets	$	139,396		$	142,983		$	144,967		$	139,673		$	138,516		$	138,030		$	133,703		$	116,027		$	109,599
Portfolio loans		105,431			106,433			108,386			104,908			101,283			99,127			95,425			82,942			79,154
Loans held for sale or securitization		8,826			11,172			11,570			10,109			11,502			11,503			11,861			13,910			12,323
Securities (at cost)		7,719			7,657			7,450			7,746			8,195			9,044			9,230			6,290			6,197
Earning assets		124,459			127,608			129,659			124,691			122,847			121,574			118,433			104,646			98,828
Core deposits		67,979			68,160			68,462			67,728			67,109			68,105			67,506			62,420			58,360
Purchased deposits and funding		55,105			58,661			59,567			55,859			54,713			53,030			49,907			40,080			38,253
Total equity		12,468			12,549			12,980			12,752			12,779			12,847			12,359			10,370			9,659
PERIOD-END BALANCES
Assets	$	140,231		$	142,397		$	146,750		$	144,143		$	140,982		$	139,414		$	136,615		$	117,180		$	111,544
Portfolio loans		102,269			106,039			108,910			106,808			102,932			100,271			97,554			84,630			80,001
Loans held for sale or securitization		11,779			9,667			11,942			11,539			11,639			12,430			10,745			12,467			12,478
Securities (at fair value)		7,609			7,875			7,568			7,694			8,085			8,765			9,338			6,159			6,540
Core deposits		69,884			68,408			67,738			67,922			68,336			67,297			67,003			61,851			60,030
Purchased deposits and funding		52,879			56,564			61,839			58,639			55,274			55,282			52,535			41,473			37,343
Total equity		12,623			12,613			12,920			13,002			12,643			12,804			12,492			10,335			9,854

(1)	First quarter 2006 regulatory capital ratios are based upon preliminary data
(2)	Excludes goodwill and other intangible assets

4

EX-99.2

Exhibit 99.2

Unaudited
Financial Supplement
March 31, 2006

Table of Contents

Quarterly and Year-to-Date Financial Trends
Consolidated Financial Highlights	3-4
Consolidated Statements of Income	5
Consolidated Period-End Balance Sheets	6
Consolidated Average Balance Sheets	7
Selected Average Balances	8
Selected Period-End Balances	9
Securitized Balances	10
Average Balances/Net Interest Income/Rates	11-13
Stockholder Data	14
Interest Rate Risk Measures	14
Capitalization	15
Noninterest Income	16
Noninterest Expense	16
Deposit Service Charges	17
Card-Related Fees	17
Salaries, Benefits, and Other Personnel Expense	18
Full-Time Equivalent Employees by Line of Business	18
NCM and First Franklin Full-Time Equivalent Employess	18
Credit Quality Statistics	19-21
Ten Largest Nonperforming Assets	21
Commercial Loan Industry Concentration	21
Consumer and Small Business Financial Services Performance Measures	22
Asset Management Performance Measures	23
Loan Sale and Servicing Revenue	24
NCM Loan Sale Data	25
NCM Loan Servicing Data	26
First Franklin Loan Sale and Servicing Data	27
First Franklin Portfolio Statistics	28
Home Equity Sale and Servicing Portfolio Data	29
Home Equity Portfolio Data	30
Line of Business Results	31-35
Monthly Financial Trends
Consolidated Selected Average Balances	36
Capitalization	37
Full-Time Equivalent Employees By Line of Business	37
Consumer and Small Business Financial Services Performance Measures	38
Asset Management Performance Measures	39
Mortgage Banking Statistics	39
First Franklin Loan Origination and Portfolio Statistics	40

Table of Contents (continued)
FINANCIAL SUPPLEMENT SUMMARY OF PRESENTATION CHANGES

Changes to this Financial Supplement are as follows:

Loan Sale Revenue and Loan Servicing Revenue

Loan sale revenue and loan servicing revenue, for all loan types, are now reported as separate lines in the income statement. In prior years, income from mortgage loan and servicing activities was included in mortgage banking revenue. Sale and servicing revenue from other types of loans were presented within credit card fees or other noninterest income. Prior period results have been reclassified to conform with the current presentation. The specific line items affected by the reclassification are noted with an asterisk (*).

Financial Supplement pages related to loan sale and loan servicing activities have been updated to reflect these changes.

Mortgage Servicing Rights-Adoption of SFAS 156

Effective January 1, 2006, the Corporation elected fair value as the measurement method for its residential mortgage servicing rights. A cumulative-effect adjustment of $26 million pretax was recorded to increase the carrying value of residential mortgage servicing rights to fair value as of the beginning of the year. On an ongoing basis, changes in the fair value of these MSRs will be recognized in earnings each period within loan servicing revenue on the income statement.

Dealer Finance Reclassification

Effective January 1, 2006, the Corporation implemented a change in the management and reporting of its dealer finance business. In prior periods, dealer finance was managed and reported as a unit of Consumer and Small Business Financial Services. In late 2005, the Corporation announced its plans to exit the indirect automobile lending business and management of the dealer finance business was realigned. Automobile floorplan lending is now reported within Wholesale Banking. Recreational finance lending is reported within National Consumer Finance. The indirect automobile business, which is now in run-off, is reported within Parent and Other. Prior period results have been reclassified to conform with the current presentation.

Line of Business — page 31

Net income results for National City Warehouse Resources and National Recreational Finance have been combined into an “Other” category and are disclosed separately within National Consumer Finance.

2

Unaudited
National City Corporation
CONSOLIDATED FINANCIAL HIGHLIGHTS
(in millions, except per share data)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
EARNINGS
Tax-equivalent interest income	$	2,153		$	2,113		$	2,034		$	1,865		$	1,751		$	1,727		$	1,601		$	1,387		$	1,338
Interest expense		969			921			827			694			594			509			424			335			325
Tax-equivalent net interest income		1,184			1,192			1,207			1,171			1,157			1,218			1,177			1,052			1,013
Provision for credit losses		27			132			56			26			70			81			98			61			83
Tax-equivalent NII after provision for credit losses		1,157			1,060			1,151			1,145			1,087			1,137			1,079			991			930
Fees and other income		644			768			748			976			785			1,442			1,021			849			1,109
Securities gains (losses), net		12			9			(1	)		5			14			11			3			5			—
Noninterest expense		1,142			1,271			1,158			1,181			1,145			1,247			1,211			1,049			965
Income before taxes and tax-equivalent adjustment		671			566			740			945			741			1,343			892			796			1,074
Income taxes		204			161			254			311			250			376			293			272			357
Tax-equivalent adjustment		8			7			8			9			7			7			8			5			7
Net income	$	459		$	398		$	478		$	625		$	484		$	960		$	591		$	519		$	710
Effective tax rate		30.8	%		28.6	%		34.8	%		33.2	%		34.1	%		28.1	%		33.2	%		34.4	%		33.5	%
PER COMMON SHARE
Net income:
Basic	$	.75		$	.65		$	.75		$	.98		$	.75		$	1.48		$	.88		$	.84		$	1.17
Diluted		.74			.64			.74			.97			.74			1.46			.86			.83			1.16
Dividends paid		.37			.37			.37			.35			.35			.35			.35			.32			.32
Book value		20.69			20.51			20.54			20.42			19.82			19.80			18.98			16.86			16.25
Market value (close)		34.90			33.57			33.44			34.12			33.50			37.55			38.62			35.01			35.58
Average shares:
Basic		611.9			618.2			635.9			636.9			643.0			652.9			663.3			619.1			605.9
Diluted		619.7			625.4			644.7			644.1			652.5			666.3			677.1			625.5			612.6
PERFORMANCE RATIOS
Return on average common equity		14.91	%		12.57	%		14.59	%		19.65	%		15.35	%		29.71	%		19.00	%		20.13	%		29.58	%
Return on average total equity		14.92			12.59			14.61			19.66			15.37			29.72			19.01			20.13			29.58
Return on average assets		1.33			1.10			1.31			1.80			1.42			2.77			1.76			1.80			2.61
Net interest margin		3.81			3.74			3.72			3.76			3.78			4.01			3.97			4.03			4.11
Efficiency ratio		62.50			64.85			59.25			55.03			58.94			46.85			55.11			55.15			45.50
LINE OF BUSINESS (LOB) RESULTS(1)
Net Income:
National City Mortgage	($	69	)	$	20		$	26		$	153		$	85		$	13		$	139		$	17		$	273
National Consumer Finance		125			132			131			154			162			137			171			182			169
Total mortgage businesses		56			152			157			307			247			150			310			199			442
Rest of National City (RONC):
Consumer and Small Business Financial Services		178			162			171			153			140			159			151			148			133
Wholesale Banking		205			193			206			194			183			194			168			165			141
Asset Management		23			14			19			26			21			18			26			64			25
National Processing		—			—			—			—			—			(9	)		17			14			12
Parent and Other		(3	)		(123	)		(75	)		(55	)		(107	)		448			(81	)		(71	)		(43	)
Total RONC		403			246			321			318			237			810			281			320			268
Total Consolidated National City Corporation	$	459		$	398		$	478		$	625		$	484		$	960		$	591		$	519		$	710
LOB Contribution to Diluted Earnings Per Share:
National City Mortgage	($	.11	)	$	.03		$	.04		$	.24		$	.13		$	.01		$	.20		$	.02		$	.45
National Consumer Finance		.20			.21			.20			.24			.25			.20			.25			.29			.28
Total mortgage businesses		.09			.24			.24			.48			.38			.21			.45			.31			.73
Rest of National City (RONC):
Consumer and Small Business Financial Services		.29			.26			.27			.23			.22			.24			.22			.24			.22
Wholesale Banking		.33			.31			.32			.30			.28			.29			.25			.26			.23
Asset Management		.04			.02			.03			.04			.03			.03			.04			.10			.04
National Processing		—			—			—			—			—			(.01	)		.02			.02			.02
Parent and Other		(.01	)		(.19	)		(.12	)		(.08	)		(.17	)		.70			(.12	)		(.10	)		(.08	)
Total RONC		.65			.40			.50			.49			.36			1.25			.41			.52			.43
Total Consolidated National City Corporation	$	.74		$	.64		$	.74		$	.97		$	.74		$	1.46		$	.86		$	.83		$	1.16

⁽¹⁾ See pages 31-35 for more detail on Line of Business results

3

Unaudited
National City Corporation
CONSOLIDATED FINANCIAL HIGHLIGHTS (continued)
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
CREDIT QUALITY STATISTICS
Net charge-offs	$	121		$	138		$	83		$	72		$	87		$	104		$	97		$	63		$	82
Provision for credit losses		27			132			56			26			70			81			98			61			83
Loan loss allowance		1,001			1,094			1,108			1,125			1,179			1,188			1,178			1,028			1,011
Lending-related commitment allowance		79			84			88			100			93			100			127			117			115
Nonperforming assets		647			596			585			572			578			563			628			544			606
Annualized net charge-offs to average portfolio loans		.46	%		.52	%		.30	%		.27	%		.35	%		.41	%		.41	%		.30	%		.42	%
Loan loss allowance to period-end portfolio loans		.98			1.03			1.02			1.05			1.15			1.19			1.21			1.21			1.26
Loan loss allowance to nonperforming portfolio loans		207.14			223.11			230.08			238.64			245.11			256.92			234.48			234.09			200.41
Loan loss allowance (period-end) to annualized net charge-offs		204.29			199.42			336.67			391.50			330.46			290.31			302.46			407.33			305.75
Nonperforming assets to period-end portfolio loans and other nonperforming assets		.63			.56			.54			.53			.56			.56			.64			.64			.76
CAPITAL AND LIQUIDITY RATIOS
Tier 1 capital(1)		7.43	%		7.43	%		7.68	%		7.96	%		7.91	%		8.25	%		8.23	%		9.02	%		9.36	%
Total risk-based capital(1)		10.36			10.54			10.78			11.20			11.25			11.79			11.86			13.07			13.67
Leverage(1)		6.94			6.83			7.03			7.36			7.22			7.31			7.35			7.90			8.19
Period-end equity to assets		9.00			8.86			8.80			9.02			8.97			9.18			9.14			8.82			8.83
Period-end tangible common equity to assets (2)		6.70			6.57			6.57			6.75			6.65			6.83			6.71			7.64			7.88
Average equity to assets		8.94			8.78			8.95			9.13			9.23			9.31			9.24			8.94			8.81
Average equity to portfolio loans		11.83			11.79			11.98			12.16			12.62			12.96			12.95			12.50			12.20
Average portfolio loans to deposits		127.05			126.68			127.88			130.12			124.24			118.81			115.64			114.14			120.41
Average portfolio loans to core deposits		155.09			156.15			158.32			154.90			150.92			145.55			141.36			132.88			135.63
Average portfolio loans to earning assets		84.71			83.41			83.59			84.13			82.45			81.54			80.57			79.26			80.09
Average securities to earning assets		6.20			6.00			5.75			6.21			6.67			7.44			7.79			6.01			6.27
AVERAGE BALANCES
Assets	$	139,396		$	142,983		$	144,967		$	139,673		$	138,516		$	138,030		$	133,703		$	116,027		$	109,599
Portfolio loans		105,431			106,433			108,386			104,908			101,283			99,127			95,425			82,942			79,154
Loans held for sale or securitization		8,826			11,172			11,570			10,109			11,502			11,503			11,861			13,910			12,323
Securities (at cost)		7,719			7,657			7,450			7,746			8,195			9,044			9,230			6,290			6,197
Earning assets		124,459			127,608			129,659			124,691			122,847			121,574			118,433			104,646			98,828
Core deposits		67,979			68,160			68,462			67,728			67,109			68,105			67,506			62,420			58,360
Purchased deposits and funding		55,105			58,661			59,567			55,859			54,713			53,030			49,907			40,080			38,253
Total equity		12,468			12,549			12,980			12,752			12,779			12,847			12,359			10,370			9,659
PERIOD-END BALANCES
Assets	$	140,231		$	142,397		$	146,750		$	144,143		$	140,982		$	139,414		$	136,615		$	117,180		$	111,544
Portfolio loans		102,269			106,039			108,910			106,808			102,932			100,271			97,554			84,630			80,001
Loans held for sale or securitization		11,779			9,667			11,942			11,539			11,639			12,430			10,745			12,467			12,478
Securities (at fair value)		7,609			7,875			7,568			7,694			8,085			8,765			9,338			6,159			6,540
Core deposits		69,884			68,408			67,738			67,922			68,336			67,297			67,003			61,851			60,030
Purchased deposits and funding		52,879			56,564			61,839			58,639			55,274			55,282			52,535			41,473			37,343
Total equity		12,623			12,613			12,920			13,002			12,643			12,804			12,492			10,335			9,854

(1)	First quarter 2006 regulatory capital ratios are based upon preliminary data
(2)	Excludes goodwill and other intangible assets

4

Unaudited
National City Corporation
CONSOLIDATED STATEMENTS OF INCOME
($ in thousands, except per share data)

	2006			2005									2004
	1st Qtr			4th Qtr		3rd Qtr			2nd Qtr		1st Qtr		4th Qtr		3rd Qtr		2nd Qtr			1st Qtr
Interest Income:
Loans	$	2,010,826		$	1,977,690	$	1,904,666		$	1,736,785	$	1,619,969	$	1,573,283	$	1,459,677	$	1,290,360		$	1,236,901
Securities:
Taxable		89,988			85,291		81,689			86,041		89,776		100,509		103,590		65,332			69,293
Exempt from Federal income taxes		6,857			7,205		7,377			7,538		8,389		8,106		7,820		8,544			8,199
Dividends		1,351			2,424		2,420			2,436		1,577		2,104		2,882		740			180
Federal funds sold and security resale agreements		3,994			4,165		3,977			2,070		2,054		2,283		1,668		1,505			729
Other investments		32,064			27,615		26,407			22,107		22,151		34,490		17,621		13,757			16,430
Total interest income		2,145,080			2,104,390		2,026,536			1,856,977		1,743,916		1,720,775		1,593,258		1,380,238			1,331,732
Interest Expense:
Deposits		537,053			494,185		439,887			357,827		312,702		275,894		230,042		201,650			188,545
Federal funds borrowed and security repurchase agreements		59,207			72,887		61,801			37,551		37,654		30,651		25,778		19,664			18,004
Borrowed funds		22,500			27,869		19,037			14,492		6,498		5,384		3,794		3,101			2,958
Long-term debt		350,025			325,990		306,175			284,428		237,088		197,420		164,343		110,303			115,804
Total interest expense		968,785			920,931		826,900			694,298		593,942		509,349		423,957		334,718			325,311
Net interest income		1,176,295			1,183,459		1,199,636			1,162,679		1,149,974		1,211,426		1,169,301		1,045,520			1,006,421
Provision for credit losses		27,043			131,868		55,452			25,827		70,447		81,545		98,432		60,788			82,507
Net interest income after provision for credit losses		1,149,252			1,051,591		1,144,184			1,136,852		1,079,527		1,129,881		1,070,869		984,732			923,914
Noninterest Income:
Loan sale revenue*		144,096			193,139		157,881			258,485		198,851		152,878		201,659		267,817			256,351
Loan servicing revenue*		(44,053	)		32,535		65,429			187,756		113,659		21,721		190,013		(52,029	)		341,290
Deposit service charges		183,476			196,235		193,108			171,801		160,829		174,227		172,526		161,549			147,353
Payment processing revenue		89			344		440			413		374		22,123		132,931		131,944			121,619
Trust and investment management fees		73,055			71,560		72,986			78,379		73,087		72,406		73,146		79,803			75,576
Card-related fees*		35,492			32,735		36,293			33,919		25,752		27,129		27,125		26,036			23,254
Brokerage revenue		33,565			41,173		35,252			43,590		39,418		45,107		34,343		34,167			32,252
Leasing revenue		60,166			58,534		65,758			68,952		74,071		81,281		87,522		5,828			5,776
Other *		158,045			141,922		120,383			132,875		99,314		844,663		102,122		194,329			105,370
Total fees and other income		643,931			768,177		747,530			976,170		785,355		1,441,535		1,021,387		849,444			1,108,841
Securities gains (losses), net		11,716			9,083		(1,107	)		4,858		14,253		10,649		2,989		5,197			139
Total noninterest income		655,647			777,260		746,423			981,028		799,608		1,452,184		1,024,376		854,641			1,108,980
Noninterest Expense:
Salaries, benefits, and other personnel		640,639			659,085		654,313			635,387		611,465		652,070		630,482		557,870			522,527
Equipment		78,798			80,630		70,971			75,880		75,990		91,746		72,955		68,843			66,323
Net occupancy		73,490			71,794		71,136			72,087		100,630		68,527		66,044		59,476			59,959
Third-party services		78,790			96,693		80,654			79,995		75,049		102,717		91,741		82,035			73,805
Card processing		6,686			5,754		5,297			5,198		4,847		13,488		58,969		60,396			57,543
Marketing and public relations		28,268			65,498		31,558			39,288		28,189		33,645		29,640		29,858			22,260
Leasing expense		43,105			45,010		24,649			52,735		56,575		57,068		63,097		1,883			3,637
Other		192,536			246,636		219,473			220,823		192,021		227,009		198,386		188,275			159,363
Total noninterest expense		1,142,312			1,271,100		1,158,051			1,181,393		1,144,766		1,246,270		1,211,314		1,048,636			965,417
Income before income tax expense		662,587			557,751		732,556			936,487		734,369		1,335,795		883,931		790,737			1,067,477
Income tax expense		203,780			159,622		254,725			311,360		250,227		375,990		293,216		271,691			357,109
Net income	$	458,807		$	398,129	$	477,831		$	625,127	$	484,142	$	959,805	$	590,715	$	519,046		$	710,368
Net Income Per Common Share:
Basic	$	.75		$	.65	$	.75		$	.98	$	.75	$	1.48	$	.88	$	.84		$	1.17
Diluted		.74			.64		.74			.97		.74		1.46		.86		.83			1.16
Average Common Shares:
Basic		611,910,838			618,227,109		635,857,605			636,882,733		643,004,817		652,948,959		663,338,716		619,097,523			605,916,791
Diluted		619,697,278			625,358,669		644,687,904			644,134,005		652,487,487		666,250,318		677,143,218		625,476,357			612,596,633
Memo:
Tax-equivalent net interest income	$	1,183,780		$	1,191,948	$	1,207,110		$	1,170,479	$	1,156,937	$	1,218,819	$	1,176,642	$	1,051,915		$	1,012,951
Net income available to common stockholders		458,392			397,714		477,416			624,734		483,749		959,412		590,322		519,046			710,368

* See note on Summary of Presentation Changes

5

Unaudited
National City Corporation
CONSOLIDATED PERIOD-END BALANCE SHEETS
($ in thousands)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
Assets
Cash and demand balances due from banks	$	3,288,577		$	3,707,665		$	3,707,932		$	3,937,424		$	3,651,704		$	3,832,040		$	3,629,582		$	3,171,945		$	3,386,459
Federal funds sold and security resale agreements		472,356			301,260			409,338			265,575			191,985			302,534			292,554			1,087,481			355,240
Securities available for sale, at fair value		7,609,199			7,874,628			7,568,403			7,694,298			8,085,276			8,764,956			9,337,745			6,159,413			6,540,449
Other investments		2,218,936			2,108,622			1,913,213			1,929,430			1,818,145			1,450,197			1,836,714			925,559			845,550
Loans held for sale or securitization:
Commercial		66,298			10,784			13,964			9,000			9,000			24,534			16,591			26,249			7,300
Commercial real estate		186,951			35,306			89,349			137,789			741,175			546,072			235,708			—			—
Residential real estate		8,709,827			9,192,282			11,831,802			10,976,873			10,888,793			11,859,715			10,492,391			12,440,540			12,470,720
Credit card		—			425,000			—			414,343			—			—			—			—			—
Home equity lines of credit		2,810,156			—			—			—			—			—			—			—			—
Student loans		5,765			3,758			6,431			1,176			—			—			—			—			—
Total loans held for sale or securitization		11,778,997			9,667,130			11,941,546			11,539,181			11,638,968			12,430,321			10,744,690			12,466,789			12,478,020
Portfolio loans:
Commercial		28,147,700			27,571,913			27,548,742			27,934,129			26,382,505			25,160,464			25,075,730			19,738,970			19,017,015
Commercial construction		3,434,287			3,366,774			3,149,020			3,112,916			2,921,411			2,922,921			2,894,973			2,284,178			2,188,177
Commercial real estate		11,969,954			12,407,576			12,132,712			11,787,695			11,931,676			12,193,394			12,024,140			11,014,482			9,893,169
Residential real estate		32,589,900			32,822,947			33,074,697			32,498,082			30,984,625			30,398,068			30,117,952			28,731,664			27,199,655
Home equity lines of credit		17,599,150			21,438,690			22,649,068			21,735,749			20,130,281			19,018,449			17,382,471			13,874,494			12,082,511
Credit card and other unsecured lines of credit		2,453,129			2,611,679			2,371,087			2,302,375			2,293,615			2,413,465			2,295,173			2,198,703			2,234,590
Other consumer		6,075,268			5,819,144			7,984,637			7,436,695			8,288,293			8,164,633			7,763,934			6,787,488			7,385,938
Total portfolio loans		102,269,388			106,038,723			108,909,963			106,807,641			102,932,406			100,271,394			97,554,373			84,629,979			80,001,055
Allowance for loan losses		(1,001,324	)		(1,094,047	)		(1,108,194	)		(1,125,127	)		(1,178,824	)		(1,188,462	)		(1,177,680	)		(1,027,550	)		(1,010,549	)
Net portfolio loans		101,268,064			104,944,676			107,801,769			105,682,514			101,753,582			99,082,932			96,376,693			83,602,429			78,990,506
Properties and equipment		1,300,488			1,328,903			1,277,607			1,267,479			1,275,620			1,268,688			1,263,170			1,170,130			1,101,656
Equipment leased to others		706,779			696,327			758,325			865,476			961,814			1,050,787			1,165,681			34,508			39,178
Other real estate owned		151,376			97,008			92,411			90,578			90,062			89,362			107,296			95,470			92,331
Mortgage servicing rights		2,361,617			2,115,715			1,835,921			1,454,444			1,787,344			1,504,866			1,416,112			1,926,051			1,199,918
Goodwill		3,304,999			3,313,109			3,322,205			3,317,259			3,298,052			3,302,413			3,308,500			1,423,536			1,103,340
Other intangible assets		155,286			168,353			183,056			194,796			198,459			213,461			253,800			68,408			56,336
Derivative assets		642,234			772,918			785,764			983,019			910,956			885,541			1,210,692			876,243			1,550,552
Accrued income and other assets		4,972,103			5,300,800			5,152,489			4,921,966			5,320,326			5,235,838			5,671,388			4,171,623			3,804,443
Total Assets	$	140,231,011		$	142,397,114		$	146,749,979		$	144,143,439		$	140,982,293		$	139,413,936		$	136,614,617		$	117,179,585		$	111,543,978
Liabilities
Deposits:
Noninterest bearing	$	17,186,781		$	17,429,227		$	18,059,199		$	18,756,679		$	19,200,996		$	18,652,502		$	18,339,275		$	17,448,186		$	16,988,347
NOW and money market accounts		29,538,292			28,304,007			27,906,992			28,191,008			29,081,000			29,263,454			29,678,397			28,153,616			27,767,329
Savings accounts		2,105,325			2,147,022			2,222,831			2,369,628			2,459,455			2,552,990			2,580,343			2,560,288			2,425,914
Consumer time		21,053,803			20,527,784			19,548,914			18,604,907			17,594,106			16,828,303			16,404,590			13,689,154			12,848,588
Core deposits		69,884,201			68,408,040			67,737,936			67,922,222			68,335,557			67,297,249			67,002,605			61,851,244			60,030,178
Other		6,061,923			6,734,915			7,322,820			6,432,114			5,019,009			4,635,416			4,794,275			1,278,431			972,734
Foreign		5,470,495			8,843,036			8,357,477			8,784,996			7,335,170			14,021,942			5,078,531			9,906,414			6,210,322
Total deposits		81,416,619			83,985,991			83,418,233			83,139,332			80,689,736			85,954,607			76,875,411			73,036,089			67,213,234
Federal funds borrowed and security repurchase agreements		5,236,545			6,499,254			7,788,910			8,217,810			7,610,530			5,892,428			6,542,450			5,892,472			9,220,268
Borrowed funds		2,461,246			3,517,537			5,452,671			1,538,640			1,796,793			2,035,900			7,627,340			3,903,212			1,381,465
Long-term debt		33,648,686			30,969,616			32,917,618			33,665,675			33,512,583			28,695,992			28,492,599			20,492,392			19,557,891
Derivative liabilities		1,004,762			738,343			695,752			643,487			841,483			596,822			633,828			707,349			844,178
Accrued expenses and other liabilities		3,840,215			4,073,502			3,556,508			3,936,741			3,887,679			3,434,658			3,950,515			2,813,087			3,472,831
Total Liabilities		127,608,073			129,784,243			133,829,692			131,141,685			128,338,804			126,610,407			124,122,143			106,844,601			101,689,867
Stockholders’ Equity
Preferred stock		—			—			—			—			—			—			—			—			—
Common stock		2,439,965			2,460,191			2,515,572			2,546,862			2,551,086			2,586,999			2,633,092			2,451,521			2,426,239
Capital surplus		3,709,927			3,681,603			3,734,318			3,726,660			3,682,830			3,647,711			3,666,340			1,607,658			1,182,405
Retained earnings		6,522,324			6,459,212			6,630,213			6,649,450			6,362,731			6,468,231			6,105,769			6,234,266			6,176,988
Accumulated other comprehensive income		(49,278	)		11,865			40,184			78,782			46,842			100,588			87,273			41,539			68,479
Total Stockholders’ Equity		12,622,938			12,612,871			12,920,287			13,001,754			12,643,489			12,803,529			12,492,474			10,334,984			9,854,111
Total Liabilities and Stockholders’ Equity	$	140,231,011		$	142,397,114		$	146,749,979		$	144,143,439		$	140,982,293		$	139,413,936		$	136,614,617		$	117,179,585		$	111,543,978
Common Shares Outstanding		609,991,042			615,047,663			628,892,825			636,715,366			637,771,299			646,749,650			658,272,817			612,880,193			606,559,564
Memo:
Noninterest bearing mortgage escrow principal and interest (P&I) balances	$	1,668,515		$	1,950,932		$	2,463,024		$	2,680,606		$	2,880,524		$	2,912,598		$	2,405,762		$	2,325,648		$	3,226,351
Noninterest bearing mortgage escrow taxes and insurance (T&I) balances		1,595,216			1,220,905			1,493,832			1,404,605			1,271,150			1,129,641			1,425,109			1,165,704			1,041,688
Noninterest bearing mortgage escrow replacement reserve (NRR) balances		124,900			121,010			119,678			120,532			113,129			103,267			101,183			—			—
Interest bearing mortgage escrow replacement reserve (IRR) balances		131,239			141,288			129,176			136,386			154,546			128,103			122,322			—			—
Interest bearing home equity line of credit (HELOC) custodial balances		55,789			37,771			—			—			—			—			—			—			—
Noninterest bearing deposits excluding P&I, T&I, and NRR balances		13,798,150			14,136,380			13,982,665			14,550,936			14,936,193			14,506,996			14,407,221			13,956,834			12,720,308
Core deposits excluding P&I, T&I, NRR, IRR and HELOC custodial balances		66,308,542			64,936,134			63,532,226			63,580,093			63,916,208			63,023,640			62,948,229			58,359,892			55,762,139

6

Unaudited
National City Corporation
CONSOLIDATED AVERAGE BALANCE SHEETS
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
Assets
Earning Assets:
Portfolio loans:
Commercial	$	27,540		$	27,449		$	27,426		$	27,151		$	25,553		$	25,173		$	24,784		$	19,531		$	18,860
Commercial construction		3,426			3,279			3,083			2,999			2,909			2,936			2,815			2,270			2,245
Commercial real estate		12,022			12,153			12,069			11,782			12,127			11,998			11,993			10,821			9,819
Residential real estate		32,921			32,787			33,537			31,669			30,515			30,548			29,639			27,981			27,076
Home equity lines of credit		20,979			21,808			22,160			20,950			19,520			18,203			16,348			12,898			11,465
Credit card and other unsecured lines of credit		2,515			2,469			2,399			2,304			2,351			2,350			2,281			2,232			2,283
Other consumer		6,028			6,488			7,712			8,053			8,308			7,919			7,565			7,209			7,406
Total portfolio loans		105,431			106,433			108,386			104,908			101,283			99,127			95,425			82,942			79,154
Loans held for sale or securitization:
Commercial		12			25			18			13			16			16			61			21			13
Commercial real estate		86			122			84			279			312			326			328			—			—
Residential real estate		7,977			10,089			11,178			9,746			11,174			11,161			11,472			13,889			11,780
Automobile		—			710			—			—			—			—			—			—			530
Student		4			4			5			—			—			—			—			—			—
Home equity lines of credit		331			15			—			—			—			—			—			—			—
Credit card		416			207			285			71			—			—			—			—			—
Total loans held for sale or securitization		8,826			11,172			11,570			10,109			11,502			11,503			11,861			13,910			12,323
Securities available for sale, at cost		7,719			7,657			7,450			7,746			8,195			9,044			9,230			6,290			6,197
Federal funds sold and security resale agreements		327			355			378			218			259			289			284			530			260
Other investments		2,156			1,991			1,875			1,710			1,608			1,611			1,633			974			894
Total earning assets		124,459			127,608			129,659			124,691			122,847			121,574			118,433			104,646			98,828
Allowance for loan losses		(1,092	)		(1,097	)		(1,123	)		(1,178	)		(1,175	)		(1,176	)		(1,181	)		(1,027	)		(1,017	)
Fair value (depreciation) appreciation of securities available for sale		(28	)		(8	)		74			79			146			161			82			138			220
Cash and demand balances due from banks		3,326			3,493			3,698			3,687			3,706			3,829			3,354			3,088			3,015
Properties and equipment		1,311			1,293			1,270			1,282			1,277			1,263			1,259			1,158			1,090
Equipment leased to others		707			727			796			915			1,008			1,100			1,248			37			44
Other real estate owned		104			95			92			91			92			109			112			93			98
Mortgage servicing rights		2,191			2,071			1,662			1,710			1,504			1,448			1,842			1,593			1,341
Goodwill		3,310			3,319			3,323			3,308			3,300			3,319			3,315			1,403			1,103
Other intangible assets		161			174			184			188			206			197			225			72			59
Derivative assets		140			248			317			295			353			505			330			573			783
Accrued income and other assets		4,807			5,060			5,015			4,605			5,252			5,701			4,684			4,253			4,035
Total Assets	$	139,396		$	142,983		$	144,967		$	139,673		$	138,516		$	138,030		$	133,703		$	116,027		$	109,599
Liabilities
Deposits:
Noninterest bearing	$	16,766		$	17,752		$	18,706		$	18,434		$	18,136		$	18,883		$	18,731		$	17,756		$	15,658
NOW and money market accounts		28,367			28,160			28,233			28,726			29,253			29,851			29,778			28,614			27,325
Savings accounts		2,106			2,189			2,303			2,425			2,531			2,706			2,679			2,576			2,369
Consumer time		20,740			20,059			19,220			18,143			17,189			16,665			16,318			13,474			13,008
Core deposits		67,979			68,160			68,462			67,728			67,109			68,105			67,506			62,420			58,360
Brokered retail CDs		5,492			6,073			6,255			4,843			4,336			4,480			4,373			531			499
Other		1,047			885			764			619			538			566			828			567			359
Foreign		8,469			8,900			9,278			7,432			9,539			10,279			9,809			9,150			6,520
Total deposits		82,987			84,018			84,759			80,622			81,522			83,430			82,516			72,668			65,738
Federal funds borrowed and security repurchase agreements		6,198			8,151			7,976			6,077			7,130			7,126			8,033			8,254			7,942
Borrowed funds		2,180			2,865			2,123			2,524			1,486			1,651			1,120			1,547			1,594
Long-term debt		31,719			31,787			33,171			34,364			31,684			28,928			25,744			20,031			21,339
Derivative liabilities		188			193			240			219			284			319			364			343			435
Accrued expenses and other liabilities		3,656			3,420			3,718			3,115			3,631			3,729			3,567			2,814			2,892
Total Liabilities		126,928			130,434			131,987			126,921			125,737			125,183			121,344			105,657			99,940
Total Stockholders’ Equity		12,468			12,549			12,980			12,752			12,779			12,847			12,359			10,370			9,659
Total Liabilities and Stockholders’ Equity	$	139,396		$	142,983		$	144,967		$	139,673		$	138,516		$	138,030		$	133,703		$	116,027		$	109,599
Memo:
Noninterest bearing mortgage escrow principal and interest (P&I) balances	$	1,837		$	2,539		$	3,058		$	2,779		$	2,645		$	3,027		$	2,777		$	3,596		$	2,471
Noninterest bearing mortgage escrow taxes and insurance (T&I) balances		1,388			1,459			1,526			1,406			1,221			1,392			1,417			1,152			976
Noninterest bearing mortgage escrow replacement reserve (NRR) balances		123			122			121			115			103			110			94			—			—
Interest bearing mortgage escrow replacement reserve (IRR) balances		136			136			138			137			138			128			119			—			—
Interest bearing home equity line of credit (HELOC) custodial balances		22			12			—			—			—			—			—			—			—
Noninterest bearing deposits excluding P&I, T&I, and NRR balances		13,418			13,632			14,001			14,134			14,167			14,354			14,443			13,008			12,211
Core deposits excluding P&I, T&I, NRR, IRR and HELOC custodial balances		64,473			63,892			63,619			63,291			63,002			63,448			63,099			57,672			54,913

7

Unaudited
National City Corporation
SELECTED AVERAGE BALANCES
($ in millions)

	2006		2005								2004
	1st Qtr		4th Qtr		3rd Qtr		2nd Qtr		1st Qtr		4th Qtr		3rd Qtr		2nd Qtr		1st Qtr
AVERAGE MORTGAGE LOANS HELD FOR SALE
National City Mortgage	$	5,527	$	7,098	$	8,294	$	7,694	$	8,511	$	9,123	$	8,892	$	11,304	$	10,146
First Franklin		2,322		2,991		2,884		2,052		2,636		1,985		2,483		2,520		1,634
National Home Equity (NHE)		128		—		—		—		—		—		—		—		—
National City Home Loan Services (formerly Altegra)		—		—		—		—		25		48		4		65		—
Provident PCFS(1)		—		—		—		—		2		5		93		—		—
Total mortgage loans held for sale	$	7,977	$	10,089	$	11,178	$	9,746	$	11,174	$	11,161	$	11,472	$	13,889	$	11,780
SELECTED AVERAGE PORTFOLIO LOAN BALANCES
Commercial
Commercial	$	21,782	$	21,919	$	22,347	$	22,168	$	20,699	$	20,531	$	20,182	$	16,308	$	15,676
Floorplan		1,067		1,031		946		1,054		1,046		1,059		1,078		1,030		975
Leases		3,522		3,477		3,215		3,067		2,918		2,697		2,655		1,351		1,380
Non-taxable		303		293		312		301		307		313		333		320		317
International		866		729		606		561		583		573		536		522		512
Total Commercial	$	27,540	$	27,449	$	27,426	$	27,151	$	25,553	$	25,173	$	24,784	$	19,531	$	18,860
Real estate — residential
First Franklin(2)	$	18,629	$	18,978	$	19,614	$	18,497	$	18,425	$	18,393	$	17,497	$	16,236	$	15,376
Altegra/Loan Zone(3)		7		7		8		8		8		39		128		180		294
Bank portfolio and other		7,766		7,414		7,803		7,285		6,258		6,391		6,456		6,337		6,366
Home equity installment		6,519		6,388		6,112		5,879		5,824		5,725		5,558		5,228		5,040
Total Real Estate — Residential	$	32,921	$	32,787	$	33,537	$	31,669	$	30,515	$	30,548	$	29,639	$	27,981	$	27,076
Credit Card and Other Unsecured Lines of Credit
Credit card	$	920	$	919	$	926	$	896	$	983	$	1,002	$	996	$	997	$	1,084
Personal lines of credit		750		726		664		618		603		600		545		513		502
Business lines of credit		845		824		809		790		765		748		740		722		697
Total Credit Card and Other Unsecured Lines of Credit	$	2,515	$	2,469	$	2,399	$	2,304	$	2,351	$	2,350	$	2,281	$	2,232	$	2,283
BUSINESS UNIT SELECTED AVERAGE PORTFOLIO LOAN BALANCES
National Home Equity(4)
Home equity lines of credit	$	12,190	$	12,919	$	13,292	$	12,163	$	10,860	$	9,611	$	8,021	$	6,267	$	5,063
Installment loans (real estate-residential)		2,018		2,001		1,855		1,741		1,651		1,596		1,555		1,445		1,386
Total National Home Equity	$	14,208	$	14,920	$	15,147	$	13,904	$	12,511	$	11,207	$	9,576	$	7,712	$	6,449

(1)	In December 2004, the Provident PCFS business was sold.
(2)	Refer to page 28 for more information regarding this portfolio.
(3)	Represents nonconforming mortgages originated under the former Altegra/Loan Zone business units. These portfolio loans are contained in the National Consumer Finance line of business.
(4)	Represents a division under the National Consumer Finance line of business.

8

Unaudited
National City Corporation
SELECTED PERIOD-END BALANCES
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
MORTGAGE LOANS HELD FOR SALE OR SECURITIZATION
National City Mortgage	$	5,790		$	6,785		$	8,346		$	8,288		$	8,668		$	9,552		$	8,802		$	9,751		$	10,631
First Franklin		2,389			2,407			3,486			2,689			2,221			1,898			1,521			2,687			1,840
National Home Equity (NHE)		531			—			—			—			—			—			—			—			—
National City Home Loan Services (formerly Altegra)		—			—			—			—			—			407			121			3			—
Provident PCFS(1)		—			—			—			—			—			3			48			—			—
Total Mortgage Loans Held for Sale or Securitization	$	8,710		$	9,192		$	11,832		$	10,977		$	10,889		$	11,860		$	10,492		$	12,441		$	12,471
PORTFOLIO LOAN BALANCES
Commercial
Commercial	$	22,359		$	21,805		$	22,252		$	22,843		$	21,412		$	20,317		$	20,444		$	16,448		$	15,812
Floorplan		1,103			1,097			950			1,055			1,047			1,105			1,049			1,030			1,013
Leases		3,439			3,546			3,377			3,166			3,033			2,836			2,681			1,369			1,347
Non-taxable		300			305			300			310			305			308			329			335			317
International		947			819			670			560			585			594			573			557			528
Total Commercial	$	28,148		$	27,572		$	27,549		$	27,934		$	26,382		$	25,160		$	25,076		$	19,739		$	19,017
Real estate — residential
First Franklin(2)	$	18,254		$	18,681		$	19,490		$	18,880		$	18,131		$	18,260		$	18,116		$	16,714		$	15,627
Altegra/Loan Zone(3)		7			7			7			8			7			8			6			133			278
Bank portfolio and other		7,997			7,623			7,288			7,678			6,988			6,404			6,310			6,534			6,163
Home equity installment		6,332			6,512			6,290			5,932			5,859			5,726			5,686			5,351			5,132
Total Real Estate — Residential	$	32,590		$	32,823		$	33,075		$	32,498		$	30,985		$	30,398		$	30,118		$	28,732		$	27,200
BANK STOCK FUND
Cost basis of equity investments		—		$	135		$	282		$	247		$	220		$	208		$	187		$	157		$	38
Unrealized gains, net		—			4			2			14			9			28			13			12			4
Fair Value of Investments		—		$	139		$	284		$	261		$	229		$	236		$	200		$	169		$	42
INTANGIBLE ASSETS
Goodwill	$	3,305		$	3,313		$	3,322		$	3,317		$	3,298		$	3,302		$	3,309		$	1,424		$	1,103
Core deposit intangibles		127			134			142			151			159			170			161			24			12
Credit card intangibles		6			6			6			2			2			2			2			2			3
Other intangibles		22			28			35			42			38			42			90			42			42
Total Intangible Assets	$	3,460		$	3,481		$	3,505		$	3,512		$	3,497		$	3,516		$	3,562		$	1,492		$	1,160
Memo:
Holding company investment in subsidiaries	$	13,548		$	13,246		$	13,941		$	13,704		$	13,409		$	13,927		$	13,900		$	10,739		$	10,958
Holding company intangible assets		122			122			109			110			111			109			126			60			59
Double leverage ratio (4)		1.08	x		1.06	x		1.09	x		1.06	x		1.07	x		1.10	x		1.12	x		1.04	x		1.12	x
PRINCIPAL INVESTMENTS(5)
Type of Investment:
Direct investments in public entities		—			—			—		$	4		$	4		$	4			—			—		$	1
Direct investments in nonpublic entities	$	319		$	317		$	336			298			309			319		$	344		$	323			288
Indirect investments (funds)		348			344			350			343			351			342			351			314			296
Total Investments	$	667		$	661		$	686		$	645		$	664		$	665		$	695		$	637		$	585
Type of Security:
Common stock	$	74		$	76		$	76		$	64		$	64		$	60		$	61		$	42		$	25
Convertible debt and preferred stock		26			26			28			32			35			52			67			69			67
Investments in partnerships, funds and other equity instruments		386			379			402			406			416			401			409			371			355
Mezzanine (subordinated) debt		181			180			180			143			149			152			158			155			138
Total Investments	$	667		$	661		$	686		$	645		$	664		$	665		$	695		$	637		$	585
Memo:
Commitments to fund principal investments	$	290		$	295		$	272		$	297		$	243		$	264		$	238		$	256		$	241

(1)	In December 2004, the Provident PCFS business was sold.
(2)	Refer to page 28 for more information regarding this portfolio.
(3)	Represents nonconforming mortgages originated under the former Altegra/Loan Zone business units. These portfolio loans are contained in the National Consumer Finance line of business.
(4)	Holding company investment in subsidiaries and intangible assets divided by consolidated equity.
(5)	Includes equity and mezzanine capital investments in nonpublic and public entities made by National City Equity Partners and National City Capital Corp., which are within the Wholesale Banking line of business. Principal investments exclude investments held in the Bank Stock Fund.

9

Unaudited
National City Corporation
SECURITIZED BALANCES
($ in millions)

	2006		2005								2004
	1st Qtr		4th Qtr		3rd Qtr		2nd Qtr		1st Qtr		4th Qtr		3rd Qtr		2nd Qtr		1st Qtr
CREDIT CARD LOANS(1)
Managed Credit Card Loans:
Average balances:
Loans held in portfolio	$	920	$	919	$	926	$	896	$	983	$	1,002	$	996	$	997	$	1,084
Loans held for securitization		416		207		285		71		—		—		—		—		—
Loans securitized		1,035		1,240		1,165		1,376		1,450		1,450		1,450		1,450		1,450
Total Average Managed Credit Card Loans	$	2,371	$	2,366	$	2,376	$	2,343	$	2,433	$	2,452	$	2,446	$	2,447	$	2,534
End of period balances:
Loans held in portfolio	$	859	$	1,032	$	859	$	857	$	912	$	1,070	$	971	$	950	$	1,024
Loans held for securitization		—		425		—		414		—		—		—		—		—
Loans securitized		1,450		1,026		1,450		1,036		1,450		1,450		1,450		1,450		1,450
Total Managed Credit Card Loans	$	2,309	$	2,483	$	2,309	$	2,307	$	2,362	$	2,520	$	2,421	$	2,400	$	2,474
AUTOMOBILE LOANS(2)
Managed Automobile Loans(3):
Average balances:
Loans held in portfolio	$	280	$	1,145	$	2,679	$	2,722	$	2,760	$	2,785	$	2,830	$	2,860	$	2,657
Loans held for securitization		—		710		—		—		—		—		—		—		530
Loans securitized		2,465		1,257		624		725		835		944		1,051		1,196		1,012
Total Average Managed Automobile Loans	$	2,745	$	3,112	$	3,303	$	3,447	$	3,595	$	3,729	$	3,881	$	4,056	$	4,199
End of period balances:
Loans held in portfolio	$	271	$	352	$	2,650	$	2,664	$	2,785	$	2,895	$	2,910	$	2,861	$	2,834
Loans held for securitization		—		—		—		—		—		—		—		—		—
Loans securitized		2,299		2,602		576		674		778		888		1,002		1,128		1,265
Total Managed Automobile Loans	$	2,570	$	2,954	$	3,226	$	3,338	$	3,563	$	3,783	$	3,912	$	3,989	$	4,099
HOME EQUITY(4)
Managed Home Equity:
Average balances:
Held in portfolio	$	27,454	$	28,152	$	28,233	$	26,796	$	25,310	$	23,892	$	21,874
Held for sale or securitization		459		15		—		—		—		—		—
Securitized		10		19		37		46		57		71		80
Total Average Managed Home Equity	$	27,923	$	28,186	$	28,270	$	26,842	$	25,367	$	23,963	$	21,954
End of period balances:
Held in portfolio	$	23,889	$	27,906	$	28,894	$	27,633	$	25,958	$	24,712	$	23,037
Held for sale or securitization		3,341		—		—		—		—		—		—
Securitized		13		13		21		42		50		61		76
Total Managed Home Equity	$	27,243	$	27,919	$	28,915	$	27,675	$	26,008	$	24,773	$	23,113

(1)	In March 2006 and August 2005, the Corporation sold through securitization $425 million and $600 million of credit card receivables, respectively.
(2)	In December 2005 and February 2004, the Corporation sold through securitization $2.2 billion and $890 million of indirect prime automobile loans, respectively
(3)	Represents managed portfolio of indirect prime automobile loans
(4)	Represents managed portfolio of prime home equity lines of credit and prime home equity installment loans

10

Unaudited
National City Corporation
AVERAGE BALANCES/NET INTEREST INCOME/RATES
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
AVERAGE BALANCES
Assets
Earning Assets:
Loans(1):
Commercial	$	27,552		$	27,474		$	27,444		$	27,164		$	25,569		$	25,189		$	24,845		$	19,552		$	18,873
Commercial construction		3,426			3,279			3,083			2,999			2,909			2,936			2,815			2,270			2,245
Commercial real estate		12,108			12,275			12,153			12,061			12,439			12,324			12,321			10,821			9,819
Residential real estate		40,898			42,876			44,715			41,415			41,689			41,709			41,111			41,870			38,856
Home equity lines of credit		21,310			21,823			22,160			20,950			19,520			18,203			16,348			12,898			11,465
Credit card and other unsecured lines of credit		2,931			2,676			2,684			2,375			2,351			2,350			2,281			2,232			2,283
Other consumer		6,032			7,202			7,717			8,053			8,308			7,919			7,565			7,209			7,936
Total loans		114,257			117,605			119,956			115,017			112,785			110,630			107,286			96,852			91,477
Securities available for sale, at cost:
Taxable		7,153			7,060			6,838			7,112			7,539			8,354			8,583			5,623			5,539
Tax-exempt		566			597			612			634			656			690			647			667			658
Total securities available for sale		7,719			7,657			7,450			7,746			8,195			9,044			9,230			6,290			6,197
Federal funds sold, security resale agreements, and other investments		2,483			2,346			2,253			1,928			1,867			1,900			1,917			1,504			1,154
Total earning assets		124,459			127,608			129,659			124,691			122,847			121,574			118,433			104,646			98,828
Allowance for loan losses		(1,092	)		(1,097	)		(1,123	)		(1,178	)		(1,175	)		(1,176	)		(1,181	)		(1,027	)		(1,017	)
Fair value appreciation of securities available for sale		(28	)		(8	)		74			79			146			161			82			138			220
Nonearning assets		16,057			16,480			16,357			16,081			16,698			17,471			16,369			12,270			11,568
Total Assets	$	139,396		$	142,983		$	144,967		$	139,673		$	138,516		$	138,030		$	133,703		$	116,027		$	109,599
Liabilities and Stockholders’ Equity
Interest bearing liabilities:
NOW and money market accounts	$	28,367		$	28,160		$	28,233		$	28,726		$	29,253		$	29,851		$	29,778		$	28,614		$	27,325
Savings accounts		2,106			2,189			2,303			2,425			2,531			2,706			2,679			2,576			2,369
Consumer time deposits		20,740			20,059			19,220			18,143			17,189			16,665			16,318			13,474			13,008
Other deposits		6,539			6,958			7,019			5,462			4,874			5,046			5,201			1,098			858
Foreign deposits		8,469			8,900			9,278			7,432			9,539			10,279			9,809			9,150			6,520
Federal funds borrowed		2,823			4,675			4,506			2,978			3,912			3,987			5,156			5,548			4,996
Security repurchase agreements		3,375			3,476			3,470			3,099			3,218			3,139			2,877			2,706			2,946
Borrowed funds		2,180			2,865			2,123			2,524			1,486			1,651			1,120			1,547			1,594
Long-term debt		31,719			31,787			33,171			34,364			31,684			28,928			25,744			20,031			21,339
Total interest bearing liabilities		106,318			109,069			109,323			105,153			103,686			102,252			98,682			84,744			80,955
Noninterest bearing deposits		16,766			17,752			18,706			18,434			18,136			18,883			18,731			17,756			15,658
Accrued interest and other liabilities		3,844			3,613			3,958			3,334			3,915			4,048			3,931			3,157			3,327
Total Liabilities		126,928			130,434			131,987			126,921			125,737			125,183			121,344			105,657			99,940
Total Stockholders’ Equity		12,468			12,549			12,980			12,752			12,779			12,847			12,359			10,370			9,659
Total Liabilities and Stockholders’ Equity	$	139,396		$	142,983		$	144,967		$	139,673		$	138,516		$	138,030		$	133,703		$	116,027		$	109,599
Memo:
Interest bearing core deposits	$	51,213		$	50,408		$	49,756		$	49,294		$	48,973		$	49,222		$	48,775		$	44,664		$	42,702
Interest bearing total deposits		66,221			66,266			66,053			62,188			63,386			64,547			63,785			54,912			50,080
Borrowed funding and long-term debt		40,097			42,803			43,270			42,965			40,300			37,705			34,897			29,832			30,875

⁽¹⁾ Includes loans held for sale or securitization

11

Unaudited
National City Corporation
AVERAGE BALANCES/NET INTEREST INCOME/RATES (continued)
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr		1st Qtr
INTEREST
Assets
Earning Assets:
Loans(1):
Commercial	$	480		$	454		$	420		$	385		$	330		$	309		$	273		$	179	$	175
Commercial construction		62			58			50			45			40			38			33			24		24
Commercial real estate		209			210			197			188			183			181			173			151		143
Residential real estate		712			729			725			660			643			663			664			656		608
Home equity lines of credit		370			345			323			280			246			197			150			123		111
Credit card and other unsecured lines of credit		83			72			70			57			52			62			46			45		47
Other consumer		99			115			123			126			129			126			124			115		131
Total loans		2,015			1,983			1,908			1,741			1,623			1,576			1,463			1,293		1,239
Securities available for sale, at cost:
Taxable		92			88			84			88			92			104			106			66		69
Tax-exempt		10			10			11			12			12			12			12			13		12
Total securities available for sale		102			98			95			100			104			116			118			79		81
Federal funds sold, security resale agreements, and other investments		36			32			31			24			24			35			20			15		18
Total earning assets	$	2,153		$	2,113		$	2,034		$	1,865		$	1,751		$	1,727		$	1,601		$	1,387	$	1,338
Liabilities
Interest bearing liabilities:
NOW and money market accounts	$	172		$	151		$	132		$	112		$	93		$	77		$	61		$	57	$	57
Savings accounts		3			2			3			3			2			2			3			2		2
Consumer time deposits		202			190			169			150			133			124			114			117		112
Other deposits		74			70			62			41			30			25			19			4		2
Foreign deposits		86			80			75			51			55			47			34			22		15
Federal funds borrowed		31			47			40			22			25			21			20			16		14
Security repurchase agreements		28			26			22			15			13			10			5			4		4
Borrowed funds		23			28			19			15			6			5			4			3		3
Long-term debt		350			327			305			285			237			198			164			110		116
Total interest bearing liabilities	$	969		$	921		$	827		$	694		$	594		$	509		$	424		$	335	$	325
Tax-Equivalent Net Interest Income	$	1,184		$	1,192		$	1,207		$	1,171		$	1,157		$	1,218		$	1,177		$	1,052	$	1,013
Memo:
Interest bearing core deposits	$	377		$	343		$	304		$	265		$	228		$	203		$	178		$	176	$	171
Interest bearing total deposits		537			493			441			357			313			275			231			202		188
Borrowed funding and long-term debt		432			428			386			337			281			234			193			133		137
Amortization of fair value adjustments included above(2):
Loans	($	3	)	($	4	)	($	7	)	($	7	)	($	9	)	($	9	)	($	13	)		—		—
Deposits		(2	)		(5	)		(9	)		(12	)		(17	)		(21	)		(34	)		—		—
Long-term debt		(6	)		(7	)		(8	)		(10	)		(7	)		(17	)		(20	)		—		—

(1)	Includes loans held for sale or securitization
(2)	Fair value adjustments recognized under the purchase method of accounting in connection with acquisitions

12

\

Unaudited
National City Corporation
AVERAGE BALANCES/NET INTEREST INCOME/RATES (continued)
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
RATES
Assets
Earning Assets:
Loans(1):
Commercial		7.06	%		6.57	%		6.07	%		5.69	%		5.22	%		4.90	%		4.36	%		3.69	%		3.72	%
Commercial construction		7.36			6.99			6.47			5.99			5.59			5.11			4.64			4.34			4.30
Commercial real estate		7.02			6.80			6.42			6.25			5.98			5.84			5.58			5.61			5.87
Residential real estate		6.97			6.80			6.49			6.36			6.17			6.36			6.47			6.26			6.26
Home equity lines of credit		6.94			6.33			5.83			5.34			5.04			4.35			3.66			3.80			3.88
Credit card and other unsecured lines of credit		11.44			10.48			10.43			9.74			8.90			10.37			8.16			8.02			8.30
Other consumer		6.66			6.34			6.34			6.28			6.28			6.35			6.51			6.43			6.62
Total loans		7.10			6.72			6.34			6.06			5.79			5.69			5.44			5.35			5.43
Securities available for sale, at cost:
Taxable		5.12			4.96			4.92			4.96			4.88			4.91			4.96			4.70			5.02
Tax-exempt		7.20			7.19			7.18			7.40			7.29			7.02			7.28			7.62			7.53
Total securities available for sale		5.27			5.14			5.10			5.16			5.07			5.07			5.12			5.01			5.29
Federal funds sold, security resale agreements, and other investments		5.92			5.40			5.39			5.02			5.27			7.70			4.01			4.09			5.98
Total earning assets		6.96			6.60			6.25			5.99			5.73			5.67			5.39			5.31			5.43
Liabilities
Interest bearing liabilities:
NOW and money market accounts		2.46			2.13			1.85			1.57			1.28			1.03			.82			.80			.83
Savings accounts		.49			.49			.47			.41			.38			.37			.34			.35			.35
Consumer time deposits		3.95			3.75			3.49			3.33			3.13			2.94			2.78			3.50			3.47
Other deposits		4.62			4.01			3.48			2.99			2.51			2.03			1.46			1.13			1.13
Foreign deposits		4.12			3.58			3.19			2.77			2.33			1.83			1.35			.98			.94
Federal funds borrowed		4.49			4.03			3.53			2.98			2.55			2.11			1.56			1.15			1.13
Security repurchase agreements		3.36			2.90			2.48			2.00			1.65			1.20			.77			.56			.55
Borrowed funds		4.19			3.86			3.56			2.30			1.77			1.30			1.35			.81			.75
Long-term debt		4.46			4.08			3.67			3.32			3.03			2.72			2.54			2.21			2.18
Total interest bearing liabilities		3.69			3.35			3.00			2.65			2.32			1.98			1.71			1.59			1.62
Net Interest Spread		3.27			3.25			3.25			3.34			3.41			3.69			3.68			3.72			3.81
Contribution of noninterest bearing sources of funds		.54			.49			.47			.42			.37			.32			.29			.31			.30
Net Interest Margin		3.81	%		3.74	%		3.72	%		3.76	%		3.78	%		4.01	%		3.97	%		4.03	%		4.11	%
Memo:
Interest bearing core deposits		2.98	%		2.70	%		2.42	%		2.16	%		1.88	%		1.64	%		1.45	%		1.59	%		1.61	%
Interest bearing total deposits		3.29			2.96			2.64			2.31			2.00			1.70			1.43			1.48			1.51
Borrowed funding and long-term debt		4.36			3.96			3.55			3.14			2.82			2.47			2.21			1.79			1.78

⁽¹⁾ Includes loans held for sale or securitization

13

Unaudited
National City Corporation
STOCKHOLDER DATA
($ in millions, except per share data)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
Per common share:
Basic net income	$	.75		$	.65		$	.75		$	.98		$	.75		$	1.48		$	.88		$	.84		$	1.17
Diluted net income		.74			.64			.74			.97			.74			1.46			.86			.83			1.16
Trailing four quarters basic net income		3.13			3.13			3.96			4.09			3.95			4.37			3.78			3.46			3.58
Trailing four quarters diluted net income		3.09			3.09			3.91			4.03			3.89			4.31			3.73			3.43			3.54
Dividends declared		.37			.37			.37			.35			.35			.35			.35			.32			.32
Dividends paid		.37			.37			.37			.35			.35			.35			.35			.32			.32
Dividend payout ratio(1)		50.00	%		57.81	%		50.00	%		36.08	%		47.30	%		23.97	%		40.70	%		38.55	%		27.59	%
Dividend yield (annualized)(2)		4.24			4.41			4.43			4.10			4.18			3.73			3.63			3.66			3.60
P/E ratio(3)		11.29	x		10.86	x		8.55	x		8.47	x		8.61	x		8.71	x		10.35	x		10.21	x		10.05	x
Common dividends declared	$	229.8		$	232.6		$	236.9		$	224.5		$	228.4		$	231.5		$	235.0		$	199.4		$	194.5
Preferred dividends declared		.4			.4			.4			.4			.4			.4			.4			—			—
Common dividends paid		229.8			232.6			236.9			224.5			228.4			231.5			235.0			199.4			194.5
Preferred dividends paid		.4			.4			.4			.4			.4			.4			.4			—			—
Shares outstanding(4):
Average basic		611,911			618,227			635,858			636,883			643,005			652,949			663,339			619,098			605,917
Average diluted		619,697			625,359			644,688			644,134			652,487			666,250			677,143			625,476			612,597
Ending common		609,991			615,048			628,893			636,715			637,771			646,750			658,273			612,880			606,560
Common stock price:
High	$	36.25		$	35.04		$	37.85		$	35.30		$	37.75		$	39.66		$	39.35		$	36.10		$	37.10
Low		33.26			29.80			33.37			32.08			32.85			36.07			34.35			32.60			32.14
Close		34.90			33.57			33.44			34.12			33.50			37.55			38.62			35.01			35.58
Book value per common share	$	20.69		$	20.51		$	20.54		$	20.42		$	19.82		$	19.80		$	18.98		$	16.86		$	16.25
Tangible book value per common share		15.02			14.85			14.97			14.90			14.34			14.36			13.57			14.43			14.33
Other comprehensive income per share		(.08	)		.02			.06			.12			.07			.16			.13			.07			.11
Market to book value		168.7	%		163.7	%		162.8	%		167.1	%		169.0	%		189.6	%		203.5	%		207.7	%		219.0	%
Market capitalization of common stock	$	21,289		$	20,647		$	21,030		$	21,725		$	21,365		$	24,285		$	25,422		$	21,457		$	21,581

(1)	Dividend declared divided by diluted net income per common share
(2)	Dividend declared (annualized) divided by quarter-end stock price
(3)	Quarter-end stock price divided by trailing-four-quarters diluted net income per common share
(4)	In thousands

INTEREST RATE RISK MEASURES

	2006			2005												2004
	1st Qtr(1)			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
MARKET VALUE OF EQUITY(MVE)(2)
Duration of Equity(DOE)(3):
Current Yield Curve		+0.9	%		+0.7	%		+0.7	%		+0.1	%		-0.1	%		-0.4	%		-0.2	%		-0.6	%		-0.6	%
+150 basis points Shock vs. Current Yield Curve(4)		+1.8	%		+1.6	%		+1.6	%		+1.1	%		+0.8	%		+0.6	%		+0.8	%		+0.1	%		+0.1	%
-150 basis points Shock vs. Current Yield Curve(5)		-0.5	%		-0.6	%		-0.7	%		-1.2	%		-1.8	%		-2.0	%		-3.1	%		-2.7	%		-3.1	%

(1)	Based on positions at February 28, 2006 and market values at March 17, 2006.
(2)	The Market Value of Equity (MVE) is defined as the discounted present value of net cash flows from all assets, liabilities, and off-balance sheet arrangements, other than MSRs and associated hedges. MVE analysis is performed as of a single point in time and does not include estimates of future business volumes or intangible assets.
(3)	Duration of Equity (DOE) represents the estimated percentage change in MVE for a 1% instantaneous parallel shift in the yield curve. A positive DOE indicates that MVE would increase as rates fall, or decrease as rates rise. A negative DOE indicates that MVE would increase as rates rise, or decrease as rates fall.
(4)	Asset Liability Committee’s (ALCO) policy limit is +3.0%.
(5)	ALCO’s policy limit is -1.0%.

14

Unaudited
National City Corporation
CAPITALIZATION (Period End)
(In millions, except per share data)

	2006				2005												2004
	1st Qtr				4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
LONG-TERM DEBT AND BORROWED FUNDS
Long-Term Debt:
Holding company debt:
Senior notes	$	1,227			$	1,241		$	1,250		$	1,266		$	815		$	559		$	566		$	476		$	499
Subordinated debt		1,056				1,089			1,106			1,137			1,331			1,354			1,381			1,513			1,597
Junior subordinated debentures owed to unconsolidated subsidiary trusts		343				474			594			598			600			605			609			249			186
Other		—				—			—			—			1			1			1			1			2
Total holding company debt		2,626				2,804			2,950			3,001			2,747			2,519			2,557			2,239			2,284
Subsidiary debt:
Subordinated debt		1,964				2,011			2,034			2,069			2,015			2,057			2,091			2,012			2,117
Senior bank notes		25,206				22,088			22,997			23,602			23,420			18,549			17,987			12,360			11,489
FHLB advances		3,812				3,920			4,774			4,783			4,851			4,904			4,965			3,881			3,668
Secured debt financings		29				131			147			178			480			667			893			—			—
Other		12				16			16			33			—			—			—			—			—
Total subsidiary debt		31,023				28,166			29,968			30,665			30,766			26,177			25,936			18,253			17,274
Total Long-Term Debt	$	33,649			$	30,970		$	32,918		$	33,666		$	33,513		$	28,696		$	28,493		$	20,492		$	19,558
Borrowed Funds:
U.S. Treasury demand notes	$	76			$	1,754		$	2,734		$	600		$	734		$	1,024		$	6,374		$	2,986		$	569
Short-term senior bank notes		98				137			79			20			60			195			100			100			—
Short-term FHLB advances		—				150			1,150			—			—			—			—			—			—
Commercial paper and other		2,287				1,477			1,490			919			1,003			817			1,153			817			812
Total Borrowed Funds	$	2,461			$	3,518		$	5,453		$	1,539		$	1,797		$	2,036		$	7,627		$	3,903		$	1,381
																	—
STOCKHOLDERS’ EQUITY
Total stockholders’ equity	$	12,623			$	12,613		$	12,920		$	13,002		$	12,643		$	12,804		$	12,492		$	10,335		$	9,854
Accumulated Other Comprehensive Income, Net of Tax:
SFAS 115 unrealized (loss) gain, net	($	57	)	(	$	4	)	$	22		$	71		$	23		$	107		$	138		$	45		$	149
SFAS 133 unrealized gain (loss), net		8				16			18			8			24			(6	)		(51	)		(3	)		(81	)
Total Accumulated Other Comprehensive Income, Net of Tax	($	49	)		$	12		$	40		$	79		$	47		$	101		$	87		$	42		$	68
																	—
RISK-BASED CAPITAL(1)
Tier 1 capital	$	9,421			$	9,517		$	9,913		$	10,003		$	9,731		$	9,815		$	9,542		$	9,018		$	8,864
Total risk-based capital		13,146				13,500			13,914			14,078			13,853			14,023			13,758			13,073			12,946
Risk-weighted assets		126,840				128,108			129,095			125,720			123,096			118,960			115,990			99,988			94,709
Tier 1 capital ratio		7.43	%			7.43	%		7.68	%		7.96	%		7.91	%		8.25	%		8.23	%		9.02	%		9.36	%
Total risk-based capital ratio		10.36				10.54			10.78			11.20			11.25			11.79			11.86			13.07			13.67
Leverage ratio		6.94				6.83			7.03			7.36			7.22			7.31			7.35			7.90			8.19
COMMON STOCK ROLLFORWARD
Beginning balance		615.0				628.9			636.7			637.8			646.7			658.3			612.9			606.6			606.0
Shares issued under stock award plans		3.1				1.0			2.5			1.9			1.5			1.5			5.9			1.5			3.7
Shares issued for acquisitions		—				—			—			—			—			—			57.0			14.3			—
Shares issued for PRIDES conversions		—				—			.4			2.2			3.8			—			—			—			—
Shares repurchased under repurchase authorizations		(7.5	)			(14.7	)		(10.2	)		(4.7	)		(13.9	)		(12.9	)		(16.0	)		(9.0	)		(2.2	)
Shares exchanged for stock award plans		(.6	)			(.2	)		(.6	)		(.4	)		(.4	)		(.2	)		(1.1	)		(.5	)		(.9	)
Other		—				—			.1			(.1	)		.1			—			(.4	)		—			—
Ending Balance		610.0				615.0			628.9			636.7			637.8			646.7			658.3			612.9			606.6
																	—
COMMON STOCK REPURCHASE ACTIVITY
Number of common shares repurchased		7.5				14.7			10.2			4.7			13.9			12.9			16.0			9.0			2.2
Average price per share of repurchased common shares	$	34.10			$	32.69		$	35.31		$	33.73		$	35.48		$	37.86		$	36.83		$	35.06		$	34.53
Total cost	$	256.1			$	479.9		$	358.6		$	159.2		$	494.0		$	488.2		$	589.2		$	315.9		$	75.4
Common shares remaining under authorization(2)		26.1				33.6			8.3			18.5			23.2			37.1			25.0			41.0			50.0
SELECTED RATIOS AND OTHER
Long-term debt to equity		266.57	%			245.54	%		254.77	%		258.93	%		265.06	%		224.13	%		228.08	%		198.28	%		198.47	%
Long-term debt to total capitalization		72.72				71.06			71.81			72.14			72.61			69.15			69.52			66.47			66.50
Equity to assets		9.00				8.86			8.80			9.02			8.97			9.18			9.14			8.82			8.83
Tangible common equity to assets(3)		6.70				6.57			6.57			6.75			6.65			6.83			6.71			7.64			7.88
Minority interest(4)	$	132			$	172		$	171		$	179		$	239		$	240		$	332		$	164		$	157

(1)	First quarter 2006 risk-based capital is based upon preliminary data
(2)	In October 2005, National City’s Board of Directors authorized an additional 40 million shares of issued and outstanding common stock. This new authorization is incremental to the December 2004 share repurchase authorization, for 25 million shares, which replaced all previous share authorizations.
(3)	Excludes goodwill and other intangible assets
(4)	Included in other liabilities on the consolidated balance sheet

15

Unaudited
National City Corporation
NONINTEREST INCOME
($ in millions)

		2006				2005																2004
		1st Qtr				4th Qtr				3rd Qtr				2nd Qtr				1st Qtr				4th Qtr				3rd Qtr			2nd Qtr			1st Qtr
Loan sale revenue*		$	144			$	193			$	158			$	258			$	199			$	153			$	202		$	268		$	256
Loan servicing revenue*			(44	)			32				65				188				114				22				190			(52	)		341
Deposit service charges			183				196				193				172				161				175				172			162			147
Payment processing revenue			—				1				—				1				—				23				132			132			122
Trust and investment management fees			73				72				73				78				73				72				74			79			76
Card-related fees*			35				33				36				34				26				27				27			26			23
Other service fees			32				32				34				33				26				33				28			29			23
Brokerage revenue			34				41				35				44				39				45				34			34			32
Leasing revenue			60				58				66				69				74				80				88			6			6
Ineffective hedge and other derivative gains (losses), net(1)			(6	)			20				(1	)			32				13				28				2			35			8
Principal investment gains (losses), net			34				24				14				9				10				10				19			17			23
Gain on sale of National Processing, Inc.			—				—				—				—				—				714				—			—			—
Gain on sale of Upper Peninsula branches			—				—				—				—				—				14				—			—			—
Gain on sale of Corporate Trust Bond Administration business			—				—				—				—				—				(3	)			—			65			—
Gain on sale of Madison Bank & Trust Co.			—				—				16				—				—				—				—			—			—
All other*			99				66				59				58				50				49				53			48			52
Total fees and other income			644				768				748				976				785				1,442				1,021			849			1,109
Bank stock fund			11				3				—				2				8				3				—			—			—
Other securities			1				6				(1	)			3				6				8				3			5			—
Total securities gains (losses), net			12				9				(1	)			5				14				11				3			5			—
Total Noninterest Income		$	656			$	777			$	747			$	981			$	799			$	1,453			$	1,024		$	854		$	1,109
Memo:
Operating lease intangible amortization(2)	(	$	2	)	(	$	4	)	(	$	5	)	(	$	7	)	(	$	8	)	(	$	9	)	(	$	11	)		—			—

(1)	Ineffective hedge and other derivative gains and losses related to loan sale and servicing activities are included in loan sale and loan servicing revenue
(2)	Represents amortization of operating lease intangible asset recognized in connection with the acquisition of Provident, included in leasing revenue
*	See note on Summary of Presentation Changes

NONINTEREST EXPENSE
($ in millions)

	2006		2005								2004
	1st Qtr		4th Qtr		3rd Qtr		2nd Qtr		1st Qtr		4th Qtr		3rd Qtr		2nd Qtr		1st Qtr
Salaries, benefits, and other personnel	$	641	$	660	$	654	$	635	$	611	$	653	$	630	$	558	$	522
Equipment		79		80		71		76		76		92		73		69		66
Net occupancy		73		101		71		72		72		69		66		59		60
Third-party services		79		96		81		80		75		102		92		82		74
Card processing		7		6		5		5		5		13		59		60		58
Telecommunications		18		20		21		20		21		22		21		23		19
Marketing and public relations		28		66		32		39		28		33		30		30		22
Leasing expense		43		45		25		52		57		57		63		2		4
Postage		22		18		22		21		22		21		22		20		20
Travel and entertainment		18		22		20		22		21		25		22		19		16
Supplies		15		14		14		16		16		19		17		15		14
State and local taxes		17		8		20		22		24		16		16		13		15
Intangible asset amortization		11		11		11		15		15		16		17		7		6
FDIC assessments		3		2		3		2		3		2		3		3		2
OREO expense, net		—		3		2		—		2		3		2		2		2
Straight-line operating lease rent adjustment		—		—		—		—		29		—		—		—		—
Impairment, fraud, and other losses, net		19		52		19		21		16		15		20		26		10
All other		69		67		87		83		52		89		58		61		55
Total Noninterest Expense	$	1,142	$	1,271	$	1,158	$	1,181	$	1,145	$	1,247	$	1,211	$	1,049	$	965
Memo:
Merger integration costs		—	$	5	$	9	$	12	$	19	$	39	$	28	$	6	$	1

16

Unaudited
National City Corporation
DEPOSIT SERVICE CHARGES
($ in millions)

	2006		2005								2004
	1st Qtr		4th Qtr		3rd Qtr		2nd Qtr		1st Qtr		4th Qtr		3rd Qtr		2nd Qtr		1st Qtr
Personal Accounts:
DDA and NOW deposit fees	$	8	$	9	$	9	$	9	$	9	$	10	$	10	$	10	$	11
Savings and time deposit fees		3		3		3		3		3		3		3		3		3
Overdraft and NSF fees		81		89		92		73		62		71		72		66		52
Debit card interchange fees		24		24		23		22		21		21		19		18		16
Total personal account fees		116		125		127		107		95		105		104		97		82
Business accounts:
Deposit fees		5		5		7		6		9		10		11		6		6
Overdraft and NSF fees		12		12		14		9		8		8		8		8		6
Debit card interchange fees		3		4		3		3		3		3		3		3		2
Cash management fees		41		39		41		41		39		38		41		42		45
Total Business account fees		61		60		65		59		59		59		63		59		59
Other deposit service charges		6		11		1		6		7		11		5		6		6
Total Deposit Service Charges	$	183	$	196	$	193	$	172	$	161	$	175	$	172	$	162	$	147

CARD-RELATED FEES
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
Credit card:
Credit limit exceed and stop payment fees	$	3		$	2		$	4		$	2		$	3		$	2		$	2		$	2		$	2
Cash advance fees		2			1			1			1			1			1			1			1			1
Interchange fees		20			20			20			16			10			8			8			13			12
Reward programs and incentives		(9	)		(10	)		(8	)		(8	)		(7	)		(7	)		(8	)		(7	)		(6	)
Debt cancellation and other fees*		—			(2	)		—			3			2			5			5			(1	)		(1	)
Total credit card fees*		16			11			17			14			9			9			8			8			8
Other:
Personal and business lines of credit fees		1			1			1			1			1			1			1			1			1
Home equity lines of credit		3			5			3			2			2			1			2			2			1
ATM fees		15			16			15			17			14			16			16			15			13
Total other card-related fees		19			22			19			20			17			18			19			18			15
Total Card-Related Fees*	$	35		$	33		$	36		$	34		$	26		$	27		$	27		$	26		$	23

* See note on Summary of Presentation Changes

17

Unaudited
National City Corporation
SALARIES, BENEFITS, AND OTHER PERSONNEL EXPENSE
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
Salaries and wages	$	352		$	354		$	361		$	356		$	351		$	353		$	361		$	320		$	313
Incentive compensation		171			201			229			209			170			207			199			210			158
Deferred personnel costs		(90	)		(121	)		(124	)		(116	)		(96	)		(126	)		(131	)		(140	)		(108	)
Stock-based compensation		16			15			12			15			15			28			15			12			12
Payroll taxes		53			31			36			38			51			32			37			36			44
Contract labor		35			67			51			47			34			62			36			31			20
Medical and other benefits		48			38			45			45			47			31			50			43			42
Retirement plans		28			16			20			20			26			19			19			19			24
Market valuation adjustments on deferred compensation liabilities		15			6			9			7			(6	)		18			4			7			3
Severance and other		13			53			15			14			19			29			40			20			14
Total Salaries, Benefits, and Other Personnel Expense	$	641		$	660		$	654		$	635		$	611		$	653		$	630		$	558		$	522

FULL-TIME EQUIVALENT EMPLOYEES BY LINE OF BUSINESS⁽¹⁾

	2006		2005								2004
	1st Qtr		4th Qtr		3rd Qtr		2nd Qtr		1st Qtr		4th Qtr		3rd Qtr		2nd Qtr		1st Qtr
Line of business staff:
Consumer and Small Business Financial Services		12,488		12,315		12,700		12,980		12,822		12,714		12,297		11,963		11,616
Wholesale Banking		2,377		2,415		2,415		2,388		2,350		2,282		2,272		1,683		1,590
National City Mortgage		7,305		7,673		7,831		7,956		7,970		7,814		7,674		7,819		7,697
National Consumer Finance
First Franklin Financial Corporation		2,406		2,571		2,716		2,598		2,392		2,391		2,481		2,241		2,012
National City Home Loan Services		518		510		442		398		341		325		326		338		328
National Home Equity		484		503		514		497		448		414		415		390		313
Other(2)		133		138		149		144		132		133		127		65		62
Total National Consumer Finance		3,541		3,722		3,821		3,637		3,313		3,263		3,349		3,034		2,715
Asset Management		1,520		1,506		1,518		1,568		1,524		1,517		1,522		1,500		1,475
National Processing(3)		—		—		—		—		—		—		1,608		1,655		1,671
Corporate support staff(4)		6,617		6,639		6,848		6,964		7,129		7,640		7,670		6,408		6,272
Total Employees		33,848		34,270		35,133		35,493		35,108		35,230		36,392		34,062		33,036

(1)	Represents period-end, active, full-time equivalent employees
(2)	Includes National City Warehouse Resources and National Recreation Finance
(3)	In October 2004, the National Processing business was sold
(4)	Personnel expense associated with corporate staff are allocated to the lines of business either directly based on usage or indirectly as part of the general overhead allocation process

NCM AND FIRST FRANKLIN FULL-TIME EQUIVALENT EMPLOYEES ⁽¹⁾

NCM:
Loan origination — commission	2,577	2,565	2,650	2,731	2,782	2,674	2,640	2,649	2,650
Loan origination — non-commission	2,664	2,903	2,985	3,045	3,003	3,017	2,934	3,054	2,957
Total loan origination	5,241	5,468	5,635	5,776	5,785	5,691	5,574	5,703	5,607
Loan servicing	812	842	848	813	817	800	786	793	790
Indirect production	880	998	983	995	1,003	974	977	1,016	976
Corporate overhead and other	372	365	365	372	365	349	337	307	324
Total NCM FTEs	7,305	7,673	7,831	7,956	7,970	7,814	7,674	7,819	7,697
First Franklin:
Loan origination — commission	773	788	782	756	680	661	662	616	544
Loan origination — non-commission	1,327	1,468	1,608	1,457	1,328	1,341	1,461	1,296	1,148
Total loan origination	2,100	2,256	2,390	2,213	2,008	2,002	2,123	1,912	1,692
Indirect production	126	130	138	185	206	213	196	182	177
Corporate overhead and other	180	185	188	200	178	176	162	147	143
Total First Franklin FTEs	2,406	2,571	2,716	2,598	2,392	2,391	2,481	2,241	2,012

⁽¹⁾ Represents period-end, active, full-time equivalent employees

18

Unaudited
National City Corporation
CREDIT QUALITY STATISTICS
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
LOAN LOSS ALLOWANCE
Beginning loan loss allowance	$	1,094		$	1,108		$	1,125		$	1,179		$	1,188		$	1,178		$	1,028		$	1,011		$	1,023
Provision for loan losses		32			136			68			19			77			108			100			61			70
Allowance related to loans acquired, sold, or securitized		(4	)		(12	)		(2	)		(1	)		1			6			147			19			—
Charge-offs:
Commercial		45			59			27			31			43			60			63			17			30
Commercial construction		—			—			2			—			2			10			2			—			—
Commercial real estate		7			8			11			8			5			8			6			7			2
Residential real estate		46			37			26			29			42			34			30			34			28
Home equity lines of credit		21			17			10			8			7			8			6			7			6
Credit card and other unsecured lines of credit		28			39			33			30			28			25			26			27			31
Other consumer		26			30			24			20			26			28			24			25			27
Total charge-offs		173			190			133			126			153			173			157			117			124
Recoveries:
Commercial		16			20			20			25			32			42			22			23			14
Commercial construction		—			2			—			—			—			1			—			—			—
Commercial real estate		2			3			2			2			3			3			4			3			3
Residential real estate		12			14			13			12			17			10			18			14			10
Home equity lines of credit		4			2			2			2			2			2			3			3			2
Credit card and other unsecured lines of credit		6			3			3			4			2			2			2			2			2
Other consumer		12			8			10			9			10			9			11			9			11
Total recoveries		52			52			50			54			66			69			60			54			42
Net charge-offs		121			138			83			72			87			104			97			63			82
Ending loan loss allowance	$	1,001		$	1,094		$	1,108		$	1,125		$	1,179		$	1,188		$	1,178		$	1,028		$	1,011
Memo:
Net charge-offs on:
Securitized credit cards	$	7		$	24		$	14		$	20		$	18		$	19		$	19		$	21		$	17
Managed credit cards		20			48			34			38			36			35			35			39			38
Securitized automobile loans		4			3			3			3			3			4			3			3			2
Managed automobile loans(1)		8			13			10			8			11			14			10			10			12
Securitized home equity loans		—			—			—			—			1			—			—			—			—
Managed home equity loans(2)		26			21			13			11			13			10			9			—			—
NET CHARGE-OFFS AS A
% OF AVERAGE PORTFOLIO LOANS (annualized)
Commercial		.42	%		.56	%		.09	%		.10	%		.18	%		.30	%		.64	%		(.11	)%		.34	%
Commercial construction		(.03	)		(.16	)		.22			.06			.26			1.19			.32			(.07	)		(.01	)
Commercial real estate		.17			.13			.33			.19			.08			.18			.09			.16			(.06	)
Residential real estate		.43			.29			.16			.20			.34			.31			.16			.29			.28
Home equity lines of credit		.35			.28			.13			.11			.11			.10			.09			.13			.13
Credit card and other unsecured lines of credit		3.45			5.86			4.82			4.64			4.48			3.92			4.01			4.66			5.08
Other consumer		.93			1.33			.78			.54			.76			.91			.77			.80			.91
Total Net Charge-offs		.46	%		.52	%		.30	%		.27	%		.35	%		.41	%		.41	%		.30	%		.42	%
Memo:
Securitized credit cards		2.66	%		7.57	%		4.75	%		5.92	%		5.04	%		5.29	%		5.33	%		5.69	%		4.77	%
Managed credit cards		3.45	%		7.95	%		5.70	%		6.44	%		6.08	%		5.69	%		5.78	%		6.38	%		6.00	%
Securitized automobile loans		.59	%		.98	%		1.92	%		1.37	%		1.67	%		1.72	%		1.18	%		.90	%		.83	%
Managed automobile loans(1)		1.25	%		1.65	%		1.25	%		.94	%		1.24	%		1.44	%		1.08	%		.96	%		1.14	%
Securitized home equity loans		2.81	%		5.29	%		2.45	%		2.12	%		5.37	%		1.07	%		1.84	%		—			—
Managed home equity loans(2)		.38	%		.30	%		.17	%		.17	%		.21	%		.16	%		.16	%		—			—
LENDING-RELATED COMMITMENTS ALLOWANCE(3)
Beginning lending-related commitment allowance	$	84		$	88		$	100		$	93		$	100		$	127		$	117		$	115		$	102
Allowance related to commitments acquired		—			—			—			—			—			—			12			2			—
Net provision for credit losses		(5	)		(4	)		(12	)		7			(7	)		(27	)		(2	)		—			13
Ending lending-related commitment allowance	$	79		$	84		$	88		$	100		$	93		$	100		$	127		$	117		$	115
Memo:
Total Provision for Credit Losses	$	27		$	132		$	56		$	26		$	70		$	81		$	98		$	61		$	83

(1)	Represents managed portfolio of indirect prime automobile loans
(2)	Represents managed portfolio of prime home equity line of credit and prime home equity installment loans
(3)	Included in accrued expenses and other liabilities on the consolidated balance sheet

19

Unaudited
National City Corporation
CREDIT QUALITY STATISTICS (continued)
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
NONPERFORMING ASSETS
Commercial	$	165		$	181		$	169		$	142		$	158		$	161		$	212		$	164		$	200
Commercial construction		27			20			28			28			13			12			13			2			4
Commercial real estate		117			114			111			118			110			102			101			89			68
Residential real estate:
National City Mortgage		86			96			100			106			116			108			88			92			124
First Franklin		61			51			50			49			57			53			54			55			55
Altegra/Loan Zone		1			1			1			2			2			1			10			12			41
Other		26			27			23			26			25			26			24			25			13
Total real estate — residential		174			175			174			183			200			188			176			184			233
Total nonperforming portfolio loans		483			490			482			471			481			463			502			439			505
Other real estate owned (OREO):
Commercial		2			5			3			4			3			5			18			4			2
Residential real estate:
National City Mortgage(1)		77			26			28			28			30			32			31			35			31
First Franklin		68			57			51			46			48			42			42			38			39
Altegra/Loan Zone		1			1			1			1			2			5			9			15			20
Other		1			1			1			1			2			2			7			3			—
Total real estate — residential		147			85			81			76			82			81			89			91			90
Other		2			7			8			11			5			3			—			—			—
Total OREO		151			97			92			91			90			89			107			95			92
Mortgage loans held for sale and other		13			9			11			10			7			11			19			10			9
Total Nonperforming Assets	$	647		$	596		$	585		$	572		$	578		$	563		$	628		$	544		$	606
PERCENTAGE OF NONPERFORMING ASSETS BY CATEGORY
Commercial		27	%		30	%		28	%		24	%		28	%		29	%		34	%		30	%		34	%
Commercial construction		4			3			5			5			2			2			2			—			1
Commercial real estate		18			19			19			21			19			18			16			16			11
Residential real estate:
National City Mortgage		13			16			17			18			20			19			15			17			20
First Franklin		9			9			9			9			10			9			8			10			9
Altegra/Loan Zone		—			—			—			—			—			—			2			2			7
Other		4			5			4			5			4			5			3			5			2
Total real estate — residential		26			30			30			32			34			33			28			34			38
Total nonperforming portfolio loans		75			82			82			82			83			82			80			80			84
Other real estate owned (OREO):
Commercial		—			1			1			1			1			1			3			1			—
Residential real estate:
National City Mortgage(1)		12			4			5			5			6			6			5			6			5
First Franklin		11			10			9			8			8			7			7			7			7
Altegra/Loan Zone		—			—			—			—			—			1			1			3			3
Other		—			—			—			—			—			—			1			1			—
Total real estate — residential		23			14			14			13			14			14			14			17			15
Other		—			1			1			2			1			1			—			—			—
Total OREO		23			16			16			16			16			16			17			18			15
Mortgage loans held for sale and other		2			2			2			2			1			2			3			2			1
Total Nonperforming Assets		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%
DISTRESSED LOAN SALES
Distressed loans classified as nonperforming at the end of the previous quarter		—		$	13		$	7			—			—			—			—		$	1		$	11
Other	$	22			—			—		$	9		$	8			—		$	8			—			15
Total Distressed Loans Sold	$	22		$	13		$	7		$	9		$	8			—		$	8		$	1		$	26
RATIOS
Nonperforming assets to period-end portfolio loans and other nonperforming assets		.63	%		.56	%		.54	%		.53	%		.56	%		.56	%		.64	%		.64	%		.76	%
Nonperforming assets to period-end total assets		.46			.42			.40			.40			.41			.40			.46			.46			.54
Loan loss allowance to nonperforming portfolio loans		207.14			223.11			230.08			238.64			245.11			256.92			234.48			234.09			200.41
Loan loss allowance to period-end portfolio loans		.98			1.03			1.02			1.05			1.15			1.19			1.21			1.21			1.26
Loan loss allowance (period-end) to annualized net charge-offs		204.29			199.42			336.67			391.50			330.46			290.31			302.46			407.33			305.75

⁽¹⁾ Effective March 31, 2006, a change in regulatory reporting requirements resulted in a reclassification of residential real estate loans in foreclosure, which are insured by GNMA, to Other Real Estate Owned (OREO).

20

Unaudited
National City Corporation
CREDIT QUALITY STATISTICS (continued)
($ in millions)

	2006		2005								2004
	1st Qtr		4th Qtr		3rd Qtr		2nd Qtr		1st Qtr		4th Qtr		3rd Qtr		2nd Qtr		1st Qtr
LOANS 90+ DAYS PAST DUE ACCRUING INTEREST
Commercial	$	35	$	36	$	61	$	51	$	59	$	44	$	51	$	39	$	26
Commercial construction		2		5		9		10		6		12		16		3		10
Commercial real estate		5		9		37		32		39		29		46		51		35
Residential real estate:
National City Mortgage and other		110		118		122		123		162		168		150		121		131
First Franklin		364		391		307		271		265		295		265		252		235
Altegra/Loan Zone		1		1		2		2		2		3		8		10		50
National Home Equity		—		—		—		—		—		1		—		—		—
Total real estate — residential		475		510		431		396		429		467		423		383		416
Home equity lines of credit		20		23		17		11		10		10		9		7		9
Credit card and other unsecured lines of credit		20		20		23		22		22		21		22		22		22
Other consumer		8		17		14		13		9		13		13		10		10
Mortgage loans held for sale and other		29		16		20		10		19		25		48		35		36
Total Loans 90+ Days Past Due	$	594	$	636	$	612	$	545	$	593	$	621	$	628	$	550	$	564

TEN LARGEST NONPERFORMING ASSETS AS OF MARCH 31, 2006
($ in millions)

			Amount		As a Percentage of Total
Major Industry(1)	Sub-Industry	Portfolio	Outstanding		Nonperforming Assets
Industrial	Air Transportation	Commercial Leases	$	44		6.8	%
Consumer cyclical	Printing, Publishing & Broadcasting	Commercial		11		1.7	%
Consumer cyclical	Hotels, Motels, Inns & Gaming	Non-Residential Real Estate		10		1.5	%
Real estate	Residential Real Estate	Commercial Construction		9		1.4	%
Real estate	Residential & Non-Residential Real Estate	Non-Residential Real Estate/Residential Real Estate		9		1.4	%
Real estate	Construction Products	Commercial		8		1.2	%
Real estate	Residential & Non-Residential Real Estate	Non-Residential Real Estate		7		1.1	%
Industrial	Air Transportation	Commercial Leases		7		1.1	%
Real estate	Residential Real Estate	Residential Real Estate		7		1.1	%
Consumer cyclical	Printing, Publishing & Broadcasting	Commercial		7		1.1	%
			$	119		18.4	%
Total nonperforming assets			$	647		100.0	%
Nonperforming assets as a percentage of period-end loans and other nonperforming assets						.63	%

⁽¹⁾ Based on Standard Industrial Classification System codes

COMMERCIAL LOAN INDUSTRY CONCENTRATION AS OF MARCH 31, 2006
($ in millions)

			Percent to			Average Loan		Largest Loan
Major Industry(1)	Balance		Total			Balance Per Obligor		to a Single Obligor
Real estate	$	12,485		29	%	$	1.0	$	74
Consumer cyclical		7,880		18	%		1.0		110
Consumer noncyclical		5,050		12	%		.5		40
Industrial		5,176		12	%		1.1		69
Basic materials		3,374		8	%		1.6		53
Financial		3,622		8	%		1.2		58
Services		1,636		4	%		.4		54
Energy and utilities		758		2	%		1.1		22
Technology		373		1	%		2.5		27
Miscellaneous		3,198		6	%		.2		29
Total commercial, commercial real estate and commercial construction	$	43,552		100	%

⁽¹⁾ Based on Standard Industrial Classification System codes

21

Unaudited
National City Corporation
CONSUMER AND SMALL BUSINESS FINANCIAL SERVICES PERFORMANCE MEASURES
($ in millions)

	2006		2005								2004
	1st Qtr		4th Qtr		3rd Qtr		2nd Qtr		1st Qtr		4th Qtr		3rd Qtr		2nd Qtr		1st Qtr
Average Total Deposits (1)	$	54,994	$	54,442	$	53,817	$	53,190	$	52,306	$	51,783	$	52,156	$	48,348	$	46,468
DEPOSIT ACCOUNT METRICS(1)(2)
Personal Deposits:
Noninterest Bearing Checking Average total balance	$	3,202	$	3,123	$	3,221	$	3,367	$	3,378	$	3,251	$	3,281	$	3,245	$	3,124
Number of accounts(3)		1,726		1,737		1,765		1,764		1,753		1,748		1,750		1,660		1,651
Interest Bearing Checking Average total balance	$	8,015	$	7,929	$	7,906	$	8,078	$	8,065	$	8,074	$	8,412	$	8,167	$	8,021
Number of accounts(3)		1,008		969		938		897		856		844		830		750		720
Money Market Savings Average total balance	$	13,573	$	13,299	$	13,535	$	13,869	$	14,078	$	14,124	$	14,529	$	14,411	$	13,947
Number of accounts(3)		836		779		748		710		659		584		541		496		457
Regular savings Average total balance	$	1,830	$	1,895	$	2,012	$	2,140	$	2,156	$	2,161	$	2,237	$	2,217	$	2,096
Number of accounts(3)		607		634		663		696		728		760		796		807		824
Business Deposits:
Average total balance	$	8,274	$	8,734	$	8,496	$	8,132	$	7,951	$	8,154	$	7,902	$	7,347	$	6,662
Number of accounts(3)		390		387		385		382		376		376		371		335		321
Time Deposits:
Average total balance	$	20,023	$	19,398	$	18,595	$	17,551	$	16,624	$	15,961	$	15,749	$	12,918	$	12,581
Number of accounts(3)		1,022		1,005		985		967		930		902		898		805		782
CONSUMER LOAN PRODUCTION METRICS (# of loans)(2)
Installment loan originations:
Home equity(4)(6)		8,347		5,881		8,171		5,034		5,344		6,404		8,001		7,356		5,703
Other(5)		3,589		2,923		4,331		4,420		3,966		4,472		5,280		5,075		4,249
Home equity(6) and other lines of credit		14,931		17,037		21,603		22,149		16,994		20,807		24,447		22,752		15,381
Total Consumer Loan Originations		26,867		25,841		34,105		31,603		26,304		31,683		37,728		35,183		25,333
BANK BRANCHES
Traditional		1,195		1,185		1,182		1,179		1,174		1,179		1,161		1,100		1,065
In-store		35		35		35		42		43		43		45		42		42
Total Bank Branches		1,230		1,220		1,217		1,221		1,217		1,222		1,206		1,142		1,107
ATMs		1,949		1,935		1,930		1,933		1,928		1,948		1,931		1,642		1,565
Online Banking Customers		1,359,249		1,276,855		1,224,089		1,135,539		1,062,707		1,014,403		975,392		900,074		850,784
SELECTED LOAN METRICS
Student loans (other consumer)(7)
End of period balances	$	1,167	$	855	$	748	$	263	$	1,138	$	872	$	677	$	322	$	1,142
Average balances		1,118		755		472		913		1,105		713		454		820		1,092
Principal balance of loans sold		112		199		68		992		68		89		70		954		29
Gain on loan sales		—		1		1		11		1		—		1		15		—
National City Card Services (NCCS)
Average balances:
Credit cards	$	1,289	$	1,095	$	1,192	$	972	$	971	$	994	$	990	$	986	$	1,054
Securitized credit cards (8)		1,035		1,240		1,165		1,376		1,450		1,450		1,450		1,450		1,450
Total Average Managed NCCS Credit Cards	$	2,324	$	2,335	$	2,357	$	2,348	$	2,421	$	2,444	$	2,440	$	2,436	$	2,504

(1)	Restated to reflect the reasssignment of certain deposits with the Wholesale Banking line of business.
(2)	Excludes Education Finance and National City Card Services. Additionally, home equity loans generated by the National Home Equity division of the National Consumer Finance line of business are excluded from these metrics.
(3)	Represents period-end number of accounts in thousands.
(4)	Represents closed-end home equity installment loans included in real estate residential portfolio loans on the consolidated balance sheet.
(5)	Represents other secured installment loans. Periods prior to 2006 also included automobile, truck, boat, and recreational vehicle loans.
(6)	See additional home equity portfolio statistics on page 30.
(7)	Includes loans held in portfolio and loans held for sale.
(8)	Securitized credit cards are managed by this C&SBFS business unit. See page 10 for further information on these securitized balances.

22

Unaudited
National City Corporation
ASSET MANAGEMENT PERFORMANCE MEASURES
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
ASSETS UNDER ADMINISTRATION
Managed assets:
Value at beginning of period	$	65,010		$	65,084		$	63,288		$	63,606		$	65,649		$	60,322		$	59,757		$	59,730		$	59,708
Acquisitions		—			—			—			—			—			257			3,218			645			—
Estimated change due to market impact		1,984			974			942			1,123			(401	)		113			(702	)		258			1,034
Other activity, net		(4,325	)		(1,048	)		854			(1,441	)		(1,642	)		4,957			(1,951	)		(876	)		(1,012	)
Value at end of period		62,669			65,010			65,084			63,288			63,606			65,649			60,322			59,757			59,730
Non-managed assets:
Value at beginning of period		42,750			42,151			42,239			42,490			43,128			47,327			41,096			52,219			52,139
Acquisitions		—			—			—			—			—			137			6,710			54			—
Divestiture(1)		—			—			—			—			—			—			—			(10,805	)		—
Estimated change due to market impact		1,226			452			670			367			(818	)		2,917			(450	)		82			531
Other activity, net		4,042			147			(758	)		(618	)		180			(7,253	)		(29	)		(454	)		(451	)
Value at end of period		48,018			42,750			42,151			42,239			42,490			43,128			47,327			41,096			52,219
Total assets at end of period	$	110,687		$	107,760		$	107,235		$	105,527		$	106,096		$	108,777		$	107,649		$	100,853		$	111,949
Proprietary mutual fund assets (included above)	$	12,198		$	12,213		$	11,900		$	12,254		$	12,444		$	13,483		$	13,446		$	14,131		$	14,361
Assets under administration represented by:
Type of investment:
Money market and other	$	22,500		$	23,645		$	23,528		$	23,451		$	24,128		$	24,341		$	25,472		$	21,834		$	23,850
Equity		59,684			59,268			58,261			56,959			57,114			59,057			57,004			56,098			56,166
Fixed income		28,503			24,847			25,446			25,117			24,854			25,379			25,173			22,921			31,933
Total	$	110,687		$	107,760		$	107,235		$	105,527		$	106,096		$	108,777		$	107,649		$	100,853		$	111,949
Type of business:
Investment management and personal trust	$	57,207		$	57,657		$	56,715		$	55,613		$	55,454		$	54,074		$	52,070		$	53,175		$	53,385
Corporate trust		14,826			11,994			13,200			12,388			12,958			13,380			7,076			6,833			17,316
Retirement plan services		18,540			18,186			17,649			17,853			17,530			18,459			18,172			18,243			18,215
Charitable and endowment		8,758			8,746			8,580			8,530			8,740			11,318			10,882			11,068			11,203
Other		11,356			11,177			11,091			11,143			11,414			11,546			19,449			11,534			11,830
Total	$	110,687		$	107,760		$	107,235		$	105,527		$	106,096		$	108,777		$	107,649		$	100,853		$	111,949
Percentage of assets under administration represented by:
Type of investment:
Money market and other		20	%		22	%		22	%		22	%		23	%		23	%		24	%		22	%		21	%
Equity		54	%		55	%		54	%		54	%		54	%		54	%		53	%		55	%		50	%
Fixed income		26	%		23	%		24	%		24	%		23	%		23	%		23	%		23	%		29	%
Type of business:
Investment management and personal trust		52	%		54	%		53	%		53	%		52	%		50	%		48	%		53	%		48	%
Corporate trust		13	%		11	%		12	%		12	%		12	%		12	%		7	%		7	%		15	%
Retirement plan services		17	%		17	%		17	%		17	%		17	%		17	%		17	%		18	%		16	%
Charitable and endowment		8	%		8	%		8	%		8	%		8	%		10	%		10	%		11	%		10	%
Other		10	%		10	%		10	%		10	%		11	%		11	%		18	%		11	%		11	%

⁽¹⁾ Relates to the sale of the Corporate Trust Bond Administration business on June 30, 2004

23

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National City Corporation
LOAN SALE AND SERVICING REVENUE
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
LOAN SALE REVENUE BY LOAN TYPE(1)
Commercial real estate	$	14		$	18		$	12		$	12		$	5		$	20		$	11		$	2			—
Residential real estate:
National City Mortgage (NCM)		59			114			102			155			117			79			80			110		$	122
First Franklin		60			70			41			79			74			51			107			138			121
National Home Equity loans (NHE)		—			—			—			—			—			—			—			—			—
Total residential real estate		119			184			143			234			191			130			187			248			243
Other consumer loans:
National Home Equity lines of credit (NHE)		4			18			—			—			—			—			—			—			—
Automobile		3			(29	)		—			—			—			—			—			—			9
Credit card		4			1			2			1			2			3			3			3			4
Student		—			1			1			11			1			—			1			15			—
Total Loan Sale Revenue	$	144		$	193		$	158		$	258		$	199		$	153		$	202		$	268		$	256
SERVICING REVENUE BY LOAN TYPE
Commercial real estate	$	2		$	1		$	4		$	4		$	2		$	3			—			—			—
Residential real estate:
National City Mortgage:
Net servicing fees		123			122			122			123			123			121		$	122		$	115		$	120
Servicing asset valuation changes due to time decay and payoffs(2)		(107	)		(123	)		(132	)		(126	)		(111	)		(128	)		(125	)		(140	)		(100	)
Other servicing asset valuation changes, primarily due to market-driven changes in mortgage interest rates		218			230			342			(332	)		242			119			(548	)		649			(136	)
Gains (losses) on derivatives used to hedge servicing assets		(320	)		(215	)		(299	)		489			(172	)		(129	)		708			(706	)		431
Other		—			—			—			—			—			—			—			—			1
Total National City Mortgage		(86	)		14			33			154			82			(17	)		157			(82	)		316
NCHLS (First Franklin portfolio)		13			2			7			4			6			4			3			4			2
National Home Equity		—			—			—			—			—			—			—			—			—
Provident PCFS(3)		—			—			—			—			—			3			5			—			—
Total residential real estate		(73	)		16			40			158			88			(10	)		165			(78	)		318
Other consumer loans		27			15			21			26			24			29			25			26			23
Total Loan Servicing Revenue, net		($44	)	$	32		$	65		$	188		$	114		$	22		$	190			($52	)	$	341

(1)	Excludes gains/losses related to loans held in trading accounts and distressed sales of commercial loans.
(2)	On 1/1/06, National City adopted SFAS 156 and elected fair value as the measurement method for MSRs. Prior to 1/1/06, amortization of MSRs are presented in this line.
(3)	In December 2004, the Provident PCFS business was sold.

24

Unaudited
National City Corporation
NCM LOAN SALE DATA
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
NCM ORIGINATION AND SALE DATA
PRODUCTION DATA:
Applications (related to loans to be held in portfolio and sold)	$	18,302		$	16,938		$	23,380		$	26,724		$	24,400		$	24,311		$	26,411		$	25,306		$	30,493
Originations:
Retail	$	6,195		$	7,425		$	9,284		$	9,032		$	7,254		$	8,057		$	7,735		$	9,838		$	7,393
Wholesale		3,683			4,626			7,334			6,356			7,720			8,355			7,765			8,890			7,631
Less: loan originations for other units (NHE) and portfolio		(1,137	)		(1,283	)		(1,538	)		(1,671	)		(1,227	)		(1,343	)		(1,381	)		(1,452	)		(945	)
Total originations for sale	$	8,741		$	10,768		$	15,080		$	13,717		$	13,747		$	15,069		$	14,119		$	17,276		$	14,079
Percentage of originations represented by:
Refinances		53	%		51	%		51	%		48	%		57	%		55	%		43	%		55	%		61	%
Government loans		7	%		6	%		6	%		7	%		8	%		10	%		15	%		15	%		17	%
Adjustable-rate loans		35	%		32	%		26	%		39	%		38	%		33	%		38	%		32	%		25	%
Geographic mix of originations (based on $ volume of loans originated for sale):
Current top five states and their percentage to total originations:
California		19	%		20	%		19	%		18	%		19	%		18	%		18	%		18	%		21	%
Virginia		9	%		9	%		9	%		10	%		9	%		8	%		9	%		9	%		8	%
Maryland		8	%		9	%		9	%		9	%		9	%		9	%		8	%		8	%		7	%
Illinois		6	%		5	%		5	%		6	%		6	%		6	%		6	%		6	%		6	%
Florida		5	%		—			—			—			—			—			—			—			—
Texas		—			5	%		5	%		5	%		7	%		6	%		6	%		6	%		5	%
LOAN SALES:
Loans sold servicing retained	$	8,236		$	10,789		$	13,114		$	12,329		$	13,088		$	12,604		$	14,042		$	16,735		$	15,412
Loans sold servicing released		527			608			498			473			418			500			417			312			285
Total Loan Sales	$	8,763		$	11,397		$	13,612		$	12,802		$	13,506		$	13,104		$	14,459		$	17,047		$	15,697
LOAN SALE REVENUE COMPONENTS:
Gain on sale (1)	$	81		$	109		$	94		$	123		$	112		$	128		$	120		$	201		$	198
Estimated effect of delayed delivery(2)		(16	)		(20	)		(25	)		(29	)		(37	)		(42	)		(51	)		(61	)		(76	)
Hedge results(3)		(13	)		10			10			45			23			3			10			(57	)		26
Disallowed valuation adjustments(4)		(1	)		(2	)		7			(3	)		11			(15	)		—			16			(35	)
Other (5)		8			17			16			19			8			5			1			11			9
Total Loan Sale Revenue	$	59		$	114		$	102		$	155		$	117		$	79		$	80		$	110		$	122
Gain on sale percentage (equals gain on sale/$ volume of loans sold for period)		.93	%		.96	%		.69	%		.96	%		.83	%		.98	%		.83	%		1.18	%		1.26	%

(1)	Represents fee income, sales gains, and servicing value of loans originated and sold, net of direct origination costs.
(2)	Represents the estimated effect on revenue of delayed delivery of loans to the secondary market (i.e., roll charges), which is offset for the most part by a related increase in interest income due to the loans being held for a longer period of time.
(3)	Represents the results of hedging pipeline, warehouse loans, and anticipated mortgage servicing rights (MSR) for the period beginning with lock commitment and ending with sale settlement.
(4)	Represents timing differences for disallowed warehouse loan valuation changes related to failed SFAS 133 effectiveness test and anticipated MSR valuation changes related to interest rate lock commitments not recorded pursuant to SAB 105.
(5)	Represents GNMA early buyout program revenue and recoveries of prior write-downs on repurchased loans.

25

Unaudited
National City Corporation
NCM LOAN SERVICING DATA
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
NCM MORTGAGE SERVICING RIGHTS (MSRs)
Periods after adoption of fair value accounting under SFAS 156 (1):
Carrying value at beginning of period	$	2,008
Cumulative effect adjustment		26
Additions		90
Time decay(2)		(35	)
Payoffs(3)		(72	)
Changes in model valuation inputs or assumptions(4)		218
Carrying Value (Fair Value) at End of Period	$	2,235
Periods prior to adoption of fair value accounting under SFAS 156 (1) :
Carrying value at beginning of period				$	1,778		$	1,451		$	1,817		$	1,597		$	1,465		$	2,004		$	1,320		$	1,301
Additions					142			135			111			142			119			130			219			140
Amortization					(123	)		(132	)		(126	)		(111	)		(128	)		(125	)		(140	)		(100	)
SFAS 133 hedge basis adjustments					229			325			(351	)		190			143			(543	)		607			(18	)
Sales					—			(1	)		—			(1	)		(2	)		(1	)		(2	)		(3	)
Carrying value before valuation allowance at end of period				$	2,026		$	1,778		$	1,451		$	1,817		$	1,597		$	1,465		$	2,004		$	1,320
Valuation allowance at beginning of period					($19	)		($36	)		($55	)		($107	)		($83	)		($78	)		($120	)		($2	)
Impairment recoveries (charges)					1			17			19			52			(24	)		(5	)		42			(118	)
Valuation allowance at end of period					($18	)		($19	)		($36	)		($55	)		($107	)		($83	)		($78	)		($120	)
Net Carrying Value of MSRs at End of Period				$	2,008		$	1,759		$	1,415		$	1,762		$	1,490		$	1,382		$	1,926		$	1,200
Fair Value at End of Period				$	2,034		$	1,783		$	1,451		$	1,806		$	1,502		$	1,394		$	1,955		$	1,240
Ratio of carrying value of MSRs to total mortgage loans serviced for third parties		1.39	%		1.26	%		1.11	%		.90	%		1.14	%		.98	%		.92	%		1.31	%		.83	%
Ratio of fair value of MSRs to total mortgage loans serviced for third parties		1.39	%		1.27	%		1.13	%		.92	%		1.16	%		.99	%		.93	%		1.33	%		.86	%
Servicing asset capitalization rate		1.09	%		1.32	%		1.03	%		.90	%		1.08	%		.94	%		.93	%		1.31	%		.91	%
Servicing prepayment rate (annualized)		14	%		20	%		26	%		24	%		22	%		25	%		22	%		35	%		26	%
NCM SERVICING DATA
Rollforward of servicing portfolio (UPB):
Beginning balance	$	159,580		$	158,039		$	156,938		$	155,087		$	152,367		$	150,329		$	146,958		$	144,598		$	141,146
Additions		8,236			10,789			13,114			12,329			13,088			12,604			14,042			16,735			15,412
Payments		(5,764	)		(7,907	)		(10,616	)		(9,382	)		(8,801	)		(9,680	)		(8,200	)		(13,174	)		(9,753	)
Other reductions(5)		(1,069	)		(1,341	)		(1,397	)		(1,096	)		(1,567	)		(886	)		(2,471	)		(1,201	)		(2,207	)
Ending balance	$	160,983		$	159,580		$	158,039		$	156,938		$	155,087		$	152,367		$	150,329		$	146,958		$	144,598
Servicing portfolio composition (UPB):
Conventional	$	97,689		$	95,819		$	94,712		$	93,851		$	93,449		$	93,044		$	92,134		$	92,398		$	91,527
Government		21,070			21,786			23,019			24,095			25,521			26,158			26,804			26,260			26,248
Jumbo and other		42,224			41,975			40,308			38,992			36,117			33,165			31,391			28,300			26,823
Total mortgage loans serviced for third parties	$	160,983		$	159,580		$	158,039		$	156,938		$	155,087		$	152,367		$	150,329		$	146,958		$	144,598
Servicing portfolio metrics:
Number of loans		1,044,182			1,059,418			1,060,862			1,070,096			1,071,996			1,065,670			1,058,130			1,044,181			1,036,235
Average loan size	$	154,171		$	150,630		$	148,972		$	146,658		$	144,671		$	142,978		$	142,070		$	140,740		$	139,542
Weighted-average note rate		5.80	%		5.78	%		5.76	%		5.77	%		5.78	%		5.80	%		5.82	%		5.84	%		5.93	%
Weighted-average servicing fee	29 bps			29 bps			30 bps			30 bps			30 bps			30 bps			31 bps			31 bps			32 bps
Weighted-average age in months		26			24			23			22			20			19			18			17			16
Default rate(6)		2.34	%		3.81	%		3.44	%		3.52	%		3.22	%		3.94	%		3.96	%		3.60	%		3.15	%

(1)	On 1/1/06, National City adopted SFAS 156 and elected fair value as the measurement method for MSRs.
(2)	Represents decrease in MSR value due to the passage of time, including the impact from both regularly scheduled loan principal payments and partial loan paydowns.
(3)	Represents decrease in MSR value associated with loans that paid off during the period.
(4)	Represents MSR value change primarily resulting from market-driven changes in mortgage interest rates.
(5)	Primarily represents foreclosure liquidations, GNMA early buyout sales, bulk servicing sales and loan repurchases.
(6)	Mortgage loans greater than 30 days past due.

26

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National City Corporation
FIRST FRANKLIN LOAN SALE AND SERVICING DATA⁽¹⁾
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
FIRST FRANKLIN ORIGINATION AND SALE DATA
Production Data:
Applications (related to loans to be held in portfolio and sold)	$	9,989		$	11,416		$	14,213		$	14,228		$	10,733		$	11,311		$	12,975		$	15,703		$	9,998
Originations:
Total First Franklin loan originations	$	5,578		$	7,110		$	8,786		$	8,059		$	5,605		$	6,953		$	7,743		$	8,782		$	5,673
Less: portfolio loan originations		(880	)		(1,437	)		(1,858	)		(3,235	)		(1,662	)		(2,594	)		(2,835	)		(3,056	)		(1,113	)
Total originations for sale	$	4,698		$	5,673		$	6,928		$	4,824		$	3,943		$	4,359		$	4,908		$	5,726		$	4,560
Origination statisitics:
Weighted-average note rate		8.14	%		7.77	%		7.20	%		7.04	%		7.00	%		6.91	%		7.05	%		6.66	%		6.72	%
Weighted-average credit score(2)		652			654			658			656			652			653			653			658			651
Percentage of total originations represented by:
Refinances		34	%		33	%		28	%		31	%		38	%		35	%		32	%		34	%		34	%
Adjustable-rate loans		74	%		77	%		79	%		79	%		81	%		78	%		80	%		76	%		80	%
Interest-only		35	%		46	%		54	%		52	%		51	%		50	%		46	%		43	%		41	%
LOAN SALES:
Loans sold servicing retained	$	4,215		$	6,621		$	5,578		$	2,328		$	1,876		$	1,919			—			—			—
Loans sold servicing released		—			—			—			1,818			2,596			2,277		$	5,566		$	4,887		$	4,433
Total Loan Sales	$	4,215		$	6,621		$	5,578		$	4,146		$	4,472		$	4,196		$	5,566		$	4,887		$	4,433
Total loan sale revenue		60			70			41			79			74			51			107			138			121
Gain on sale percentage(3)		2.09	%		2.07	%		2.14	%		2.79	%		2.60	%		3.00	%		3.39	%		4.42	%		4.10	%
NCHLS (FIRST FRANKLIN) MORTGAGE SERVICING RIGHTS (MSRs)
Periods after adoption of fair value accounting under SFAS 156(4):
Carrying value at beginning of period	$	108
Cumulative effect adjustment		—
Additions		30
Time decay(5)		(7	)
Payoffs(6)		(5	)
Changes in model valuation inputs or assumptions(7)		1
Carrying Value (Fair Value) at End of Period	$	127
Periods prior to adoption of fair value accounting under SFAS 156(4):
Carrying value at beginning of period				$	79		$	40		$	25		$	15			—
Additions					52			42			17			11		$	15
Amortization					(8	)		(3	)		(2	)		(1	)		—
Carrying value before valuation allowance at end of period				$	123		$	79		$	40		$	25		$	15
Valuation allowance at beginning of period					($2	)		($1	)		—			—			—
Impairment charges					(13	)		(1	)		($1	)		—			—
Valuation allowance at end of period					($15	)		($2	)		($1	)		—			—
Net Carrying Value of MSRs at End of Period				$	108		$	77		$	39		$	25		$	15
Fair Value at End of Period				$	108		$	77		$	39		$	28		$	15
NCHLS (FIRST FRANKLIN) SERVICING DATA:
Rollforward of servicing portfolio (UPB):
Beginning balance	$	16,909		$	10,958		$	5,804		$	3,722		$	1,913			—
Additions		4,215			6,621			5,578			2,328			1,876		$	1,919
Payments		(859	)		(670	)		(424	)		(246	)		(67	)		(6	)
Other reductions		(33	)		—			—			—			—			—
Ending balance	$	20,232		$	16,909		$	10,958		$	5,804		$	3,722		$	1,913

(1)	First Franklin loans represent nonconforming residential real estate loans originated by First Franklin Financial Corp., a wholly-owned subsidiary of National City Corporation and a division of the National Consumer Finance line of business.
(2)	Represents the Fair Isaac Corporation FICO® score, a benchmark credit rating system used by most financial companies and National City Corporation. National City is not affiliated with Fair Isaac Corporation and obtains FICO® scores from third-party credit bureaus.
(3)	Represents gross gain on external sales as a percentage of dollar value of loans sold including servicing value, if applicable.
(4)	On 1/1/06, National City adopted SFAS 156 and elected fair value accounting for mortgage servicing rights generated from National City Mortgage and First Franklin loan sales.
(5)	Represents decrease in MSR value due to the passage of time, including the impact from both regularly scheduled loan principal payments and partial loan paydowns.
(6)	Represents decrease in MSR value associated with loans that paid off during the period.
(7)	Represents MSR value change primarily resulting from market-driven changes in mortgage interest rates.

27

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National City Corporation
FIRST FRANKLIN PORTFOLIO STATISTICS⁽¹⁾
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
PORTFOLIO STATISTICS(2)
Period-end portfolio balance	$	18,254		$	18,681		$	19,490		$	18,880		$	18,131		$	18,260		$	18,116		$	16,714		$	15,627
Average portfolio balance		18,629			18,978			19,614			18,497			18,425			18,393			17,497			16,236			15,376
Weighted-average note rate		7.34	%		7.18	%		6.97	%		6.81	%		6.77	%		6.76	%		6.84	%		6.84	%		7.06	%
Weighted-average loan size	$	106,513		$	110,417		$	116,404		$	122,336		$	124,384		$	126,680		$	124,399		$	131,240		$	126,960
Weighted-average credit score(3)(4)		647			652			652			651			648			648			650			649			648
First-lien weighted-average loan-to-value ratio(5)		77.48	%		77.57	%		77.66	%		77.66	%		77.64	%		77.78	%		77.80	%		77.85	%		77.84	%
By loan purpose:
Purchase		74	%		72	%		71	%		70	%		69	%		69	%		69	%		69	%		69	%
Cash out refinancing		21	%		22	%		23	%		24	%		24	%		24	%		24	%		24	%		24	%
Rate and term refinancing		5	%		6	%		6	%		6	%		7	%		7	%		7	%		7	%		7	%
Percentage of First Franklin portfolio loans represented by:
Owner occupied		97	%		96	%		96	%		96	%		96	%		96	%		96	%		96	%		96	%
Adjustable-rate loans		59	%		61	%		65	%		68	%		69	%		70	%		69	%		70	%		68	%
Interest-only loans		27	%		28	%		29	%		28	%		26	%		24	%		21	%		17	%		13	%
Second lien(6)		21	%		18	%		15	%		11	%		10	%		9	%		10	%		7	%		8	%
Geographic Mix — Top Five States
California		30	%		31	%		32	%		34	%		36	%		37	%		40	%		42	%		44	%
Florida		7	%		7	%		7	%		7	%		7	%		7	%		7	%		7	%		6	%
Texas		6	%		6	%		5	%		5	%		5	%		5	%		4	%		4	%		4	%
Washington		4	%		4	%		4	%		4	%		4	%		4	%		4	%		4	%		4	%
Oregon		4	%		4	%		4	%		4	%		4	%		4	%		4	%		4	%		4	%
Net Charge-offs	$	19		$	10		$	7		$	6		$	7		$	4		$	6		$	6		$	6
Net charge-offs as a percentage of average portfolio loans		.41	%		.20	%		.14	%		.14	%		.15	%		.10	%		.14	%		.14	%		.16	%
Nonperforming assets:
Nonperforming loans	$	61		$	51		$	50		$	49		$	57		$	53		$	54		$	55		$	55
Other real estate owned		64			54			47			44			46			41			42			38			39
Total	$	125		$	105		$	97		$	93		$	103		$	94		$	96		$	93		$	94
Nonperforming assets to total First Franklin portfolio loans and other real estate owned		.68	%		.56	%		.49	%		.49	%		.57	%		.51	%		.53	%		.55	%		.60	%
Loans 90+ days past due	$	364		$	391		$	307		$	271		$	265		$	295		$	265		$	252		$	235
Portfolio delinquency rate		7.40	%		8.35	%		6.80	%		6.18	%		5.78	%		6.39	%		6.53	%		6.42	%		5.97	%
CREDIT RISK PROTECTION
Balance of mortgages included under credit risk transfer agreement (7)	$	3,736		$	4,041		$	4,453		$	5,025			—			—			—			—			—
First liens with lender paid mortgage insurance (8)		2,207			1,582			857			—			—			—			—			—			—
Second liens with lender paid mortgage insurance (8)		3,632			3,273			2,724			1,985		$	1,661		$	1,908		$	1,673		$	1,073		$	1,213

(1)	First Franklin loans represent nonconforming residential real estate loans originated by First Franklin Financial Corp., a wholly-owned subsidiary of National City Corporation and a division of the National Consumer Finance line of business.
(2)	Represents statistics on First Franklin loans retained in the residential real estate portfolio.
(3)	Represents the Fair Isaac Corporation FICO® score, a benchmark credit rating system used by most financial companies and National City Corporation. National City is not affiliated with Fair Isaac Corporation and obtains FICO® scores from third-party credit bureaus.
(4)	Based upon most recent available FICO® score for borrowers. FICO® scores are updated quarterly.
(5)	Based upon period-end first-lien mortgage loan balance divided by the most recent obtained value of the underlying mortgaged property.
(6)	Second lien positions are not included in the loan-to-value calculations.
(7)	During May 2005, the Corporation executed a credit risk transfer agreement on $5 billion of nonconforming (First Franklin) mortgage loans. In the event that cumulative net credit losses on these loans exceed a defined threshold, the counterparty to this arrangement would bear the risk of additional losses, up to a defined level. The disclosed amount represents the remaining balance of portfolio loans associated with the credit risk transfer agreement.
(8)	Represents the principal balance of first lien and second lien loans with lender paid mortgage insurance (LPMI) that reduces the Corporation’s potential lifetime losses on those loans.

28

Unaudited
National City Corporation
HOME EQUITY SALE AND SERVICING PORTFOLIO DATA
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
NATIONAL HOME EQUITY ORIGINATION DATA
Originations:
Home equity line of credit (HELOC)(1)	$	2,649		$	2,750		$	4,045		$	4,369		$	3,057		$	3,195		$	3,249		$	3,160		$	1,879
Home equity loans (HELOAN)(2)		328			274			331			270			233			191			201			273			192
Originations statistics:
Home equity line of credit (HELOC)
Weighted-average credit score(3)		741			741			742			744			740			739			739			740			737
Utilization rate(4)		48	%		49	%		52	%		55	%		56	%		59	%		60	%		59	%		58	%
Piggyback line percentage(5)		28	%		36	%		45	%		47	%		57	%		59	%		54	%		65	%		60	%
Home equity loans (HELOAN)
Weighted-average credit score(3)		723			727			729			726			727			724			725			727			723
Weighted-average note rate		8.16	%		7.86	%		7.56	%		7.65	%		7.18	%		7.27	%		7.39	%		6.84	%		6.87	%
Piggyback loan percentage(5)		45	%		54	%		70	%		74	%		76	%		81	%		81	%		86	%		86	%
NATIONAL HOME EQUITY SALE DATA
HELOCs sold servicing retained	$	1,097		$	1,421			—			—			—			—			—			—			—
HELOCs sold servicing released		—			—			—			—			—			—			—			—			—
HELOANs sold servicing retained		—			—			—			—			—			—			—			—			—
HELOANs sold servicing released		—			—			—			—			—			—			—			—			—
Total sales	$	1,097		$	1,421			—			—			—			—			—			—			—
NATIONAL HOME EQUITY SERVICING DATA
HELOCs serviced for third parties	$	2,350		$	1,366			—			—			—			—			—			—			—
HELOANs serviced for third parties		—			—			—			—			—			—			—			—			—
Total serviced for third parties	$	2,350		$	1,366			—			—			—			—			—			—			—

(1)	Represents the total line of credit commitment amount.
(2)	Represents installment loans collateralized by real estate whereby National City has a first or second lien position. HELOANs are included in the real estate residential portfolio on the consolidated balance sheet.
(3)	Represents the Fair Isaac Corporation FICO® score, a benchmark credit rating system used by most financial companies and National City Corporation. National City is not affiliated with Fair Isaac Corporation and obtains FICO® scores from third-party credit bureaus.
(4)	Represents the utilization rate based on the initial draw at closing.
(5)	Percentage of eligible HELOC and HELOAN units closed simultaneously with a first-lien mortgage loan.

29

Unaudited
National City Corporation
HOME EQUITY PORTFOLIO DATA
($ in millions)

	2006			2005												2004
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
HOME EQUITY LINES OF CREDIT (HELOC) PORTFOLIO
Period-end balances by line of business:
Wholesale Banking	$	2		$	3		$	2		$	3		$	2			—		$	2		$	8		$	5
Consumer and Small Business Financial Services		8,029			8,160			8,249			8,228			8,010		$	7,938			7,723			6,073			5,789
National Consumer Finance — National Home Equity		8,906			12,597			13,713			12,831			11,460			10,415			8,993			7,154			5,672
Asset Management		620			634			641			641			626			634			631			611			601
Total period-end balances HELOCs(2)	$	17,557		$	21,394		$	22,605		$	21,703		$	20,098		$	18,987		$	17,349		$	13,846		$	12,067
Statistics by line of business for significant portfolios:
Consumer and Small Business Financial Services
Weighted-average note rate		7.38	%		6.92	%		6.47	%		6.01	%		5.55	%		5.14	%		4.69	%		4.34	%		4.34	%
Weighted-average credit score(3)(4)		735			737			728			726			724			727			719			723			721
Weighted-average cumulative loan-to-value ratio(5)		71.46	%		71.40	%		71.28	%		70.97	%		70.87	%		70.97	%		72.69	%		71.36	%		71.22	%
Utilization rate		48	%		50	%		45	%		45	%		45	%		48	%		43	%		42	%		42
Net charge-offs	$	9		$	9		$	5		$	4		$	4		$	2		$	3		$	3		$	3
Loans 90 days past due		11			12			10			7			7			7			8			6			7
National Consumer Finance — National Home Equity
Weighted-average note rate		7.88	%		7.30	%		6.79	%		6.29	%		5.79	%		5.25	%		4.74	%		4.31	%		4.35	%
Weighted-average credit score(3)(4)		731			734			723			724			721			722			723			722			717
Weighted-average cumulative loan-to-value ratio(5)		79.97	%		80.33	%		80.53	%		80.71	%		80.84	%		80.93	%		80.92	%		81.03	%		81.18	%
Utilization rate		52	%		53	%		55	%		56	%		57	%		57	%		56	%		53	%		53	%
Net charge-offs	$	9		$	6		$	3		$	2		$	1		$	1		$	1		$	1		$	1
Loans 90 days past due		8			9			6			3			3			2			1			1			1
HOME EQUITY LOANS (HELOAN) PORTFOLIO(1)
Period-end balances by line of business:
Wholesale Banking	$	3		$	11		$	14		$	16		$	20		$	47		$	56		$	32		$	5
Consumer and Small Business Financial Services		4,513			4,327			4,274			4,063			4,088			4,044			3,959			3,715			3,609
National Consumer Finance — National Home Equity		1,690			2,051			1,888			1,751			1,650			1,528			1,564			1,500			1,414
Asset Management		120			116			107			94			93			97			97			93			91
Parent and Other		6			7			7			8			8			10			10			11			13
Total period-end balances HELOANs(2)	$	6,332		$	6,512		$	6,290		$	5,932		$	5,859		$	5,726		$	5,686		$	5,351		$	5,132
Statistics by line of business for significant portfolios:
Consumer and Small Business Financial Services
Weighted-average note rate		6.59	%		6.57	%		6.54	%		6.57	%		6.56	%		6.59	%		6.63	%		6.72	%		6.82	%
Weighted-average credit score(3)(4)		728			729			719			719			717			716			716			714			713
Weighted-average cumulative loan-to-value ratio(5)		69.84	%		70.00	%		69.83	%		69.60	%		69.39	%		69.55	%		69.78	%		69.96	%		69.72	%
Net charge-offs	$	7		$	6		$	4		$	4		$	6		$	4		$	4		$	5		$	4
Loans 90 days past due		5			8			5			5			5			5			5			4			5
National Consumer Finance — National Home Equity
Weighted-average note rate		7.24	%		7.31	%		7.21	%		7.14	%		7.07	%		7.04	%		7.02	%		6.99	%		7.07	%
Weighted-average credit score(3)(4)		735			735			727			727			726			725			723			722			721
Weighted-average cumulative loan-to-value ratio(5)		89.46	%		89.43	%		89.50	%		89.59	%		89.65	%		89.65	%		89.54	%		89.61	%		89.55	%
Net charge-offs	$	1		$	1		$	1		$	1		$	1		$	1			—			—			—
Loans 90 days past due		—			—			—			—			—			1			—			—			—

(1)	Represents installment loans collateralized by real estate whereby National City has a first or second lien position. HELOANs are included in the real estate residential portfolio on the consolidated balance sheet.
(2)	Excludes balances from First Franklin and any remaining loans originated by the former Altegra unit. First Franklin portfolio balances and statistics are included in the First Franklin Loan Origination and Portfolio Statistics section on page 28.
(3)	Represents the Fair Isaac Corporation FICO® score, a benchmark credit rating system used by most financial companies and National City Corporation. National City is not affiliated with Fair Isaac Corporation and obtains FICO® scores from third-party credit bureaus.
(4)	Based upon most recent available FICO® score for borrowers. FICO® scores are updated quarterly.
(5)	Based upon period-end first-lien and second-lien mortgage loan balances divided by the obtained value of the underlying mortgaged property at the time of origination.

30

Unaudited
National City Corporation
LINE OF BUSINESS RESULTS
($ in thousands, except average balances in millions)

	2006			2005
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
Consumer and Small Business Financial Services
Net interest income (TE)	$	493,490		$	487,199		$	482,075		$	476,355		$	478,656
Provision for credit losses		27,533			84,226			49,154			59,073			59,398
Net interest income after provision		465,957			402,973			432,921			417,282			419,258
Noninterest income		240,100			255,440			262,714			235,263			202,608
Noninterest expense		416,017			394,731			417,159			402,948			392,201
Income before taxes		290,040			263,682			278,476			249,597			229,665
Income tax expense and TE adjustment		111,791			101,893			107,540			96,687			89,216
Net income	$	178,249		$	161,789		$	170,936		$	152,910		$	140,449
Unusual items (pretax)
Gain on sale of Madison Bank & Trust		—			—		$	16,001			—			—
Total		—			—		$	16,001			—			—
Unusual items (after tax)
Gain on sale of Madison Bank & Trust Co.		—			—		$	10,401			—			—
Total		—			—		$	10,401			—			—
Average assets	$	24,287		$	23,916		$	23,500		$	23,675		$	23,769
Average equity		2,984			2,967			2,919			2,846			2,824
Average core deposits		54,404			53,832			53,192			52,573			51,692
Average total deposits		54,994			54,442			53,817			53,190			52,306
Return on average assets		2.98	%		2.68	%		2.89	%		2.59	%		2.40	%
Return on average equity		24.23			21.63			23.24			21.55			20.17
Efficiency ratio		56.69			53.13			56.01			56.62			57.57
Wholesale Banking
Net interest income (TE)	$	369,494		$	373,677		$	365,015		$	355,622		$	342,080
(Benefit) provision for credit losses		(6,681	)		23,771			(16,660	)		(15,861	)		(19,478	)
Net interest income after provision		376,175			349,906			381,675			371,483			361,558
Noninterest income		168,471			171,814			149,255			148,468			128,727
Noninterest expense		216,078			210,833			199,242			207,915			195,368
Income before taxes		328,568			310,887			331,688			312,036			294,917
Income tax expense and TE adjustment		123,781			117,478			125,598			118,096			111,876
Net income	$	204,787		$	193,409		$	206,090		$	193,940		$	183,041
Unusual items (pretax)
Principal investment gains	$	33,825		$	24,189		$	13,537		$	9,107		$	10,323
Commercial lease residual recovery		—			—			4,903			—			—
Total	$	33,825		$	24,189		$	18,440		$	9,107		$	10,323
Unusual items (after tax)
Principal investment gains	$	21,986		$	15,723		$	8,799		$	5,919		$	6,710
Commercial lease residual recovery		—			—			3,187			—			—
Total	$	21,986		$	15,723		$	11,986		$	5,919		$	6,710
Average assets	$	46,222		$	45,755		$	44,754		$	43,793		$	42,083
Average equity		4,155			3,877			3,810			3,826			3,751
Average core deposits		8,219			8,488			8,537			8,544			8,799
Average total deposits		14,507			14,663			13,933			13,767			13,699
Return on average assets		1.80	%		1.68	%		1.83	%		1.78	%		1.76	%
Return on average equity		19.99			19.79			21.46			20.33			19.79
Efficiency ratio		40.17			38.65			38.74			41.25			41.49

31

Unaudited
National City Corporation
LINE OF BUSINESS RESULTS
($ in thousands, except average balances in millions)

	2006			2005
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
National City Mortgage
Net interest income (TE)	$	61,761		$	74,607		$	90,355		$	96,959		$	103,129
Provision for credit losses		6,148			4,965			1,552			387			30,531
Net interest income after provision		55,613			69,642			88,803			96,572			72,598
Noninterest income		(2,344	)		149,343			162,082			332,031			223,268
Noninterest expense		164,580			186,529			208,878			183,361			180,116
(Loss) income before taxes		(111,311	)		32,456			42,007			245,242			115,750
(Loss) income tax (benefit) expense and TE adjustment		(42,088	)		12,255			15,866			92,689			30,641
Net (loss) income		($69,223	)	$	20,201		$	26,141		$	152,553		$	85,109
Average assets	$	12,088		$	13,934		$	14,971		$	14,012		$	15,203
Average equity		702			658			630			552			651
Average core deposits		3,128			3,924			4,509			4,165			3,752
Average total deposits		3,150			3,973			4,539			4,187			3,797
Return on average assets		(2.32	)%		.58	%		.69	%		4.37	%		2.27	%
Return on average equity		(40.01	)		12.18			16.46			110.91			52.98
Efficiency ratio		276.99			83.29			82.74			42.74			55.18
Unusual items (pretax)
Tax accrual adjustments		—			—			—			—		$	13,100
Total		—			—			—			—		$	13,100
Unusual items (after tax)
Tax accrual adjustments		—			—			—			—		$	13,100
Total		—			—			—			—		$	13,100
National Consumer Finance
Net interest income (TE)	$	296,663		$	301,193		$	315,682		$	305,766		$	309,102
Provision (benefit) for credit losses		9,285			27,801			21,395			(4,558	)		7,977
Net interest income after provision		287,378			273,392			294,287			310,324			301,125
Noninterest income		69,280			85,699			50,783			85,111			81,914
Noninterest expense		155,765			146,605			134,240			147,648			122,144
Income before taxes		200,893			212,486			210,830			247,787			260,895
Income tax expense and TE adjustment		75,937			80,319			79,694			93,664			98,619
Net income	$	124,956		$	132,167		$	131,136		$	154,123		$	162,276
Average assets	$	40,430		$	42,064		$	43,143		$	39,113		$	37,543
Average equity		1,587			1,573			1,466			1,502			1,682
Average core deposits		327			251			288			156			89
Average total deposits		510			477			390			158			90
Return on average assets		1.25	%		1.25	%		1.21	%		1.58	%		1.75	%
Return on average equity		31.93			33.34			35.50			41.15			39.12
Efficiency ratio		42.57			37.89			36.63			37.77			31.24

32

Unaudited
National City Corporation
LINE OF BUSINESS RESULTS
($ in thousands, except average balances in millions)

	2006			2005
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
National Consumer Finance Divisional Results:
First Franklin Origination, Sales, and Portfolio(1)
Net interest income (TE)	$	185,694		$	196,100		$	205,827		$	200,467		$	208,260
Provision (benefit) for credit losses		1,566			11,330			9,033			(8,452	)		(1,501	)
Net interest income after provision		184,128			184,770			196,794			208,919			209,761
Noninterest income		70,153			72,049			47,998			82,932			79,937
Noninterest expense		119,113			120,564			111,119			115,589			96,989
Income before taxes		135,168			136,255			133,673			176,262			192,709
Income tax expense and TE adjustment		51,093			51,504			50,529			66,628			72,845
Net income	$	84,075		$	84,751		$	83,144		$	109,634		$	119,864
Average assets	$	22,015		$	23,192		$	24,193		$	21,665		$	21,673
Average equity		773			774			775			857			1,077
Average core deposits		303			227			259			129			68
Average total deposits		485			452			360			129			68
Return on average assets		1.55	%		1.45	%		1.36	%		2.03	%		2.24	%
Return on average equity		44.10			43.45			42.62			51.31			45.11
Efficiency ratio		46.56			44.96			43.78			40.79			33.65
National Home Equity
Net interest income (TE)	$	86,606		$	78,121		$	80,722		$	78,326		$	76,400
Provision for credit losses		3,022			9,111			7,098			3,105			1,296
Net interest income after provision		83,584			69,010			73,624			75,221			75,104
Noninterest income		(1,252	)		13,250			2,268			1,728			1,257
Noninterest expense		29,862			18,956			17,427			27,499			21,464
Income before taxes		52,470			63,304			58,465			49,450			54,897
Income tax expense and TE adjustment		19,834			23,929			22,100			18,692			20,751
Net income	$	32,636		$	39,375		$	36,365		$	30,758		$	34,146
Average assets	$	14,725		$	15,146		$	15,212		$	13,960		$	12,554
Average equity		489			442			342			309			280
Average core deposits		1			—			1			1			—
Average total deposits		1			—			1			1			—
Return on average assets		.90	%		1.03	%		.95	%		.88	%		1.10	%
Return on average equity		27.05			35.37			42.14			39.92			49.50
Efficiency ratio		34.99			20.75			21.00			34.35			27.64
Other(2)
Net interest income (TE)	$	24,363		$	26,972		$	29,133		$	26,973		$	24,442
Provision for credit losses		4,697			7,360			5,264			789			8,182
Net interest income after provision		19,666			19,612			23,869			26,184			16,260
Noninterest income		379			400			517			451			720
Noninterest expense		6,790			7,085			5,694			4,560			3,691
Income before taxes		13,255			12,927			18,692			22,075			13,289
Income tax expense and TE adjustment		5,010			4,886			7,065			8,344			5,023
Net income	$	8,245		$	8,041		$	11,627		$	13,731		$	8,266
Average assets	$	3,690		$	3,726		$	3,738		$	3,488		$	3,316
Average equity		325			357			349			336			325
Average core deposits		23			24			28			26			21
Average total deposits		24			25			29			28			22
Return on average assets		.91	%		.86	%		1.23	%		1.58	%		1.01	%
Return on average equity		10.29			8.93			13.20			16.38			10.32
Efficiency ratio		27.44			25.88			19.20			16.63			14.67

(1)	Includes the Altegra and Loan Zone portfolios
(2)	Includes National City Warehouse Resources and National Recreation Finance

33

Unaudited
National City Corporation
LINE OF BUSINESS RESULTS
($ in thousands, except average balances in millions)

	2006			2005
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
Asset Management
Net interest income (TE)	$	30,963		$	30,376		$	29,629		$	29,220		$	29,067
Provision for credit losses		703			5,353			526			1,196			560
Net interest income after provision		30,260			25,023			29,103			28,024			28,507
Noninterest income		85,182			83,671			84,936			90,782			84,595
Noninterest expense		77,730			86,822			83,910			76,619			79,047
Income before taxes		37,712			21,872			30,129			42,187			34,055
Income tax expense and TE adjustment		14,255			8,267			11,389			15,947			12,873
Net income	$	23,457		$	13,605		$	18,740		$	26,240		$	21,182
Average assets	$	3,625		$	3,600		$	3,477		$	3,356		$	3,295
Average equity		448			455			456			453			450
Average core deposits		1,947			1,861			1,807			1,888			1,943
Average total deposits		2,076			2,001			1,941			2,018			2,070
Return on average assets		2.62	%		1.50	%		2.14	%		3.14	%		2.61	%
Return on average equity		21.25			11.86			16.32			23.23			19.08
Efficiency ratio		66.92			76.13			73.24			63.85			69.55
Parent and Other
Net interest expense (TE)		($ 68,591	)		($ 75,104	)		($ 75,646	)		($ 93,443	)		($ 105,097	)
Benefit related to credit losses		(9,945	)		(14,248	)		(515	)		(14,410	)		(8,541	)
Net interest expense after provision		(58,646	)		(60,856	)		(75,131	)		(79,033	)		(96,556	)
Noninterest income		94,958			31,293			36,653			89,373			78,496
Noninterest expense		112,142			245,580			114,622			162,902			175,890
Loss before taxes		(75,830	)		(275,143	)		(153,100	)		(152,562	)		(193,950	)
Income tax benefit and TE adjustment		(72,411	)		(152,101	)		(77,888	)		(97,923	)		(86,035	)
Net loss		($ 3,419	)		($ 123,042	)		($ 75,212	)		($ 54,639	)		($ 107,915	)
Unusual items (pretax)
Straight-line operating lease rent adjustment		—			—			—			—			($ 28,997	)
Severance and related charges		($ 3,706	)		($ 49,129	)		($ 5,431	)		($ 5,138	)		(8,215	)
Charitable Foundation contribution		—			(29,945	)		—			—			—
Tax accrual adjustments		5,855			24,664			(11,259	)		—			(15,669	)
UAL Guarantee reversal		31,333			—			—			—			—
Gain (loss) on the securitization of automobile receivables		3,464			(28,708	)		—			—			—
Auto lease residual recovery		—			—			20,577			1,774			—
Bank stock fund gains (losses)		11,122			2,943			(404	)		2,122			8,479
Total	$	48,068			($ 80,175	)	$	3,483			($ 1,242	)		($ 44,402	)
Unusual items (after tax)
Straight-line operating lease rent adjustment		—			—			—			—			($ 18,848	)
Severance and related charges		($ 2,409	)		($ 31,934	)		($ 3,530	)		($ 3,341	)		(5,341	)
Charitable Foundation contribution		—			(19,464	)		—			—			—
Tax accrual adjustments		5,855			24,664			(11,259	)		—			(15,669	)
UAL Guarantee reversal		20,367			—			—			—			—
Gain (loss) on the securitization of automobile receivables		2,252			(18,661	)		—			—			—
Auto lease residual recovery		—			—			13,375			1,153			—
Bank stock fund gains (losses)		7,229			1,914			(263	)		1,379			5,511
Total	$	33,294			($ 43,481	)		($ 1,677	)		($ 809	)		($ 34,347	)
Average assets	$	12,744		$	13,714		$	15,122		$	15,724		$	16,623
Average core deposits		(46	)		(196	)		129			402			834
Average total deposits		7,750			8,462			10,139			7,302			9,560

34

Unaudited
National City Corporation
LINE OF BUSINESS RESULTS
($ in thousands, except average balances in millions)

	2006			2005
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
Consolidated
Net interest income (TE)	$	1,183,780		$	1,191,948		$	1,207,110		$	1,170,479		$	1,156,937
Provision for credit losses		27,043			131,868			55,452			25,827			70,447
Net interest income after provision		1,156,737			1,060,080			1,151,658			1,144,652			1,086,490
Noninterest income		655,647			777,260			746,423			981,028			799,608
Noninterest expense		1,142,312			1,271,100			1,158,051			1,181,393			1,144,766
Income before taxes		670,072			566,240			740,030			944,287			741,332
Income tax expense and TE adjustment		211,265			168,111			262,199			319,160			257,190
Net income	$	458,807		$	398,129		$	477,831		$	625,127		$	484,142
Unusual items (pretax)
Auto lease residual recovery		—			—		$	20,577		$	1,774			—
Gain (loss) on the securitization of automobile receivables	$	3,464		$	(28,708	)		—			—			—
Commercial lease residual recovery		—			—			4,903			—			—
Principal investment gains		33,825			24,189			13,537			9,107		$	10,323
UAL Guarantee reversal		31,333			—			—			—			—
Straight-line operating lease rent adjustment		—			—			—			—			(28,997	)
Severance and related charges, net		(3,706	)		(49,129	)		(5,431	)		(5,138	)		(8,215	)
Gain on sale of Madison Bank & Trust		—			—			16,001			—			—
Charitable Foundation contribution		—			(29,945	)		—			—			—
Tax accrual adjustments		5,855			24,664			(11,259	)		—			(2,569	)
Bank stock fund gains (losses)		11,122			2,943			(404	)		2,122			8,479
Total	$	81,893		$	(55,986	)	$	37,924		$	7,865		$	(20,979	)
Unusual items (after tax)
Auto lease residual recovery		—			—		$	13,375		$	1,153			—
Gain (loss) on the securitization of automobile receivables	$	2,252		$	(18,661	)		—			—			—
Commercial lease residual recovery		—			—			3,187			—			—
Principal investment gains		21,986			15,723			8,799			5,919		$	6,710
UAL Guarantee reversal		20,367			—			—			—			—
Straight-line operating lease rent adjustment		—			—			—			—			(18,848	)
Severance and related charges, net		(2,409	)		(31,934	)		(3,530	)		(3,341	)		(5,341	)
Gain on sale of Madison Bank & Trust Co.		—			—			10,401			—			—
Charitable Foundation contribution		—			(19,464	)		—			—			—
Tax accrual adjustments		5,855			24,664			(11,259	)		—			(2,569	)
Bank stock fund gains (losses)		7,229			1,914			(263	)		1,379			5,511
Total	$	55,280		$	(27,758	)	$	20,710		$	5,110		$	(14,537	)
Average assets	$	139,396		$	142,983		$	144,967		$	139,673		$	138,516
Average equity		12,468			12,549			12,980			12,752			12,779
Average core deposits		67,979			68,160			68,462			67,728			67,109
Average total deposits		82,987			84,018			84,759			80,622			81,522
Return on average assets		1.33	%		1.10	%		1.31	%		1.80	%		1.42	%
Return on average total equity		14.92			12.59			14.61			19.66			15.37
Efficiency ratio		62.50			64.85			59.25			55.03			58.94

35

Unaudited
National City Corporation
Monthly Financial Trends
CONSOLIDATED SELECTED AVERAGE BALANCES
($ in millions)

	March		February		January		December		November		October		September		August		July		June		May		April		March
	2006		2006		2006		2005		2005		2005		2005		2005		2005		2005		2005		2005		2005
ASSETS
Available for sale securities, at cost	$	7,635	$	7,744	$	7,779	$	7,796	$	7,698	$	7,478	$	7,409	$	7,447	$	7,493	$	7,582	$	7,749	$	7,907	$	8,021
Portfolio loans:
Commercial	$	27,644	$	27,447	$	27,355	$	27,437	$	27,586	$	27,326	$	27,437	$	27,375	$	27,467	$	27,542	$	27,226	$	26,686	$	26,042
Commercial construction		3,410		3,456		3,414		3,340		3,295		3,202		3,077		3,058		3,112		3,056		2,996		2,944		2,904
Commercial real estate		11,922		11,964		12,175		12,254		12,064		12,138		12,036		12,142		12,027		11,758		11,727		11,863		11,906
Residential real estate		32,890		33,118		32,774		32,672		32,809		32,882		33,459		33,872		33,278		32,096		31,585		31,329		30,920
Home equity lines of credit		20,524		20,932		21,477		21,435		21,345		22,630		22,450		22,180		21,861		21,491		21,024		20,331		19,813
Credit card and other unsecured lines of credit		2,484		2,505		2,555		2,519		2,436		2,453		2,421		2,409		2,369		2,303		2,295		2,312		2,315
Other consumer		6,050		6,057		5,978		5,678		5,771		7,990		7,934		7,704		7,504		7,615		8,232		8,307		8,290
Total portfolio loans	$	104,924	$	105,479	$	105,728	$	105,335	$	105,306	$	108,621	$	108,814	$	108,740	$	107,618	$	105,861	$	105,085	$	103,772	$	102,190
Loans held for sale or securitization:
Commercial	$	13	$	11	$	11	$	14	$	33	$	27	$	17	$	25	$	12	$	9	$	20	$	9	$	9
Commercial real estate		136		47		73		121		174		72		49		66		136		197		295		345		397
Residential real estate:
National City Mortgage		5,220		5,327		6,014		6,784		7,069		7,442		8,271		8,334		8,277		7,360		7,536		8,194		8,238
First Franklin		2,278		2,061		2,603		2,642		2,920		3,408		3,314		2,688		2,665		2,488		1,682		1,997		2,491
National Home Equity		258		124		—		—		—		—		—		—		—		—		—		—		—
Provident PCFS		—		—		—		—		—		—		—		—		—		—		—		—		2
Total residential real estate loans held for sale		7,756		7,512		8,617		9,426		9,989		10,850		11,585		11,022		10,942		9,848		9,218		10,191		10,731
Automobile loans		—		—		—		—		2,178		—		—		—		—		—		—		—		—
Credit card loans		398		425		425		415		207		—		—		426		420		214		—		—		—
Home equity lines of credit		407		613		—		—		—		47		—		—		—		—		—		—		—
Student loans		4		4		4		4		3		4		8		6		2		—		—		—		—
Total loans held for sale or securitization	$	8,714	$	8,612	$	9,130	$	9,980	$	12,584	$	11,000	$	11,659	$	11,545	$	11,512	$	10,268	$	9,533	$	10,545	$	11,137
LIABILITIES
Deposits:
Noninterest bearing	$	16,830	$	16,607	$	16,844	$	17,606	$	17,809	$	17,844	$	18,336	$	18,905	$	18,865	$	18,483	$	17,949	$	18,885	$	18,475
NOW and money market accounts		28,603		28,201		28,282		28,401		28,115		27,963		28,046		28,237		28,409		28,522		28,571		29,093		29,345
Savings accounts		2,098		2,089		2,128		2,172		2,185		2,211		2,250		2,303		2,356		2,402		2,418		2,456		2,478
Consumer time		20,959		20,684		20,574		20,370		20,115		19,688		19,567		19,332		18,770		18,479		18,126		17,819		17,459
Core deposits		68,490		67,581		67,828		68,549		68,224		67,706		68,199		68,777		68,400		67,886		67,064		68,253		67,757
Other		6,453		6,553		6,612		6,863		6,753		7,253		7,352		7,105		6,612		6,190		5,156		5,053		4,908
Foreign		6,771		8,976		9,709		7,729		9,479		9,510		8,680		9,612		9,523		7,569		7,861		6,851		7,714
Total deposits	$	81,714	$	83,110	$	84,149	$	83,141	$	84,456	$	84,469	$	84,231	$	85,494	$	84,535	$	81,645	$	80,081	$	80,157	$	80,379
Federal funds borrowed and security repurchase agreements	$	5,684	$	5,891	$	6,988	$	7,541	$	8,986	$	7,953	$	7,645	$	8,200	$	8,072	$	6,353	$	5,902	$	5,981	$	6,839
Borrowed funds		1,968		2,635		1,981		3,059		2,401		3,124		3,585		1,514		1,318		2,232		2,523		2,820		1,563
Long-term debt		33,128		31,374		30,622		31,452		31,394		32,501		33,105		33,094		33,311		33,663		34,938		34,470		33,435
Memo:
Noninterest bearing mortgage escrow principal and interest (P&I) balances	$	1,756	$	1,890	$	1,871	$	2,408	$	2,530	$	2,680	$	2,955	$	3,194	$	3,022	$	2,815	$	2,599	$	2,928	$	2,781
Noninterest bearing mortgage escrow taxes and insurance (T&I) balances		1,611		1,297		1,247		1,348		1,459		1,569		1,536		1,524		1,519		1,467		1,394		1,358		1,293
Noninterest bearing mortgage escrow replacement reserve (NRR) balances		122		122		125		122		122		121		118		122		123		119		114		114		99
Interest bearing mortgage escrow replacement reserve (IRR) balances		133		135		140		139		134		134		132		152		129		147		124		139		132
Interest bearing home equity line of credit (HELOC) custodial balances		29		19		16		20		18		—		—		—		—		—		—		—		—
Noninterest bearing deposits excluding P&I, T&I, and NRR balances		13,341		13,298		13,601		13,728		13,698		13,474		13,727		14,065		14,201		14,082		13,842		14,485		14,302
Core deposits excluding P&I, T&I, NRR, IRR, and HELOC custodial balances		64,839		64,118		64,429		64,512		63,961		63,202		63,458		63,785		63,607		63,338		62,833		63,714		63,452

36

Unaudited
National City Corporation
Monthly Financial Trends
CAPITALIZATION (Period End)
(In millions, except per share data)

	March			February			January			December			November			October			September			August			July			June			May			April			March
	2006			2006			2006			2005			2005			2005			2005			2005			2005			2005			2005			2005			2005
COMMON STOCK ROLLFORWARD
Beginning balance		610.3			613.8			615.0			615.0			619.3			628.9			634.8			637.6			636.7			636.4			636.7			637.8			640.1
Shares issued under stock award plans		.9			1.3			.9			.5			.4			.1			.4			.7			1.4			.9			.6			.4			.6
Shares issued for PRIDES conversions		—			—			—			—			—			—			—			.4			—			1.2			.2			.8			2.1
Shares repurchased under repurchase authorizations		(1.0	)		(4.4	)		(2.1	)		(.4	)		(4.6	)		(9.7	)		(6.3	)		(3.9	)		—			(1.4	)		(1.1	)		(2.2	)		(5.0	)
Shares exchanged for stock award plans		(.2	)		(.4	)		—			(.1	)		(.1	)		—			—			(.1	)		(.5	)		(.4	)		—			—			(.1	)
Other		—			—			—			—			—			—			—			.1			—			—			—			(.1	)		.1
Ending Balance		610.0			610.3			613.8			615.0			615.0			619.3			628.9			634.8			637.6			636.7			636.4			636.7			637.8
COMMON STOCK REPURCHASE ACTIVITY
Number of common shares repurchased		1.0			4.4			2.1			.4			4.6			9.7			6.3			3.9			—			1.4			1.1			2.2			5.0
Average price per share of repurchased common shares	$	34.62		$	34.05		$	33.96		$	33.78		$	32.70		$	32.64		$	34.79		$	36.12			—		$	33.85		$	33.94		$	33.55		$	34.75
Total cost	$	35.8		$	149.6		$	70.7		$	14.0		$	150.4		$	315.5		$	216.2		$	142.4			—		$	49.0		$	36.4		$	73.8		$	173.2
Common shares remaining under authorization		26.1			27.1			31.5			33.6			34.0			38.6			8.3			14.6			18.5			18.5			19.9			21.0			23.2
Shares outstanding:
Average basic		609.6			610.9			615.1			615.1			615.7			623.8			633.0			637.3			637.2			636.8			636.4			637.4			638.4
Average diluted		617.7			618.6			622.7			622.8			622.8			630.4			641.6			646.5			645.9			644.0			644.1			644.2			646.5

FULL-TIME EQUIVALENT EMPLOYEES BY LINE OF BUSINESS⁽¹⁾

	March		February		January		December		November		October		September		August		July		June		May		April		March
	2006		2006		2006		2005		2005		2005		2005		2005		2005		2005		2005		2005		2005
Line of business staff:
Consumer and Small Business Financial Services		12,488		12,418		12,437		12,315		12,274		12,359		12,700		12,916		12,917		12,980		12,848		12,783		12,822
Wholesale Banking		2,377		2,373		2,409		2,415		2,425		2,416		2,415		2,415		2,402		2,388		2,342		2,334		2,350
National City Mortgage		7,305		7,345		7,352		7,673		7,703		7,749		7,831		7,929		7,956		7,956		7,939		7,936		7,970
National Consumer Finance
First Franklin Financial Corporation		2,406		2,432		2,412		2,571		2,676		2,681		2,716		2,733		2,696		2,598		2,483		2,429		2,392
National City Home Loan Services		518		510		517		510		510		447		442		437		413		398		372		347		341
National Home Equity		484		488		494		503		504		507		514		526		517		497		480		460		448
Other(2)		133		133		134		138		146		147		149		150		148		144		147		147		132
Total National Consumer Finance		3,541		3,563		3,557		3,722		3,836		3,782		3,821		3,846		3,774		3,637		3,482		3,383		3,313
Asset Management		1,520		1,511		1,502		1,506		1,526		1,519		1,518		1,538		1,551		1,568		1,529		1,518		1,524
Corporate support staff(3)		6,617		6,596		6,602		6,639		6,706		6,763		6,848		6,931		6,998		6,964		6,874		6,916		7,129
Total Employees		33,848		33,806		33,859		34,270		34,470		34,588		35,133		35,575		35,598		35,493		35,014		34,870		35,108

(1)	Represents period-end, active, full-time equivalent employees
(2)	Includes National City Warehouse Resources and National Recreation Finance
(3)	Personnel expense associated with corporate staff are allocated to the lines of business either directly based on usage or indirectly as part of the general overhead allocation process

37

Unaudited
National City Corporation
Monthly Financial Trends
CONSUMER AND SMALL BUSINESS FINANCIAL SERVICES PERFORMANCE MEASURES
($ in millions)

	March		February		January		December		November		October		September		August		July		June		May		April		March
	2006		2006		2006		2005		2005		2005		2005		2005		2005		2005		2005		2005		2005
Average Total Deposits(1)	$	55,514	$	54,758	$	54,686	$	54,951	$	54,463	$	53,912	$	53,909	$	53,893	$	53,651	$	53,437	$	53,065	$	53,072	$	52,722
DEPOSIT ACCOUNT METRICS(1) (2)
Personal Deposits:
Noninterest Bearing Checking
Average total balance	$	3,251	$	3,210	$	3,147	$	3,135	$	3,096	$	3,136	$	3,187	$	3,191	$	3,284	$	3,265	$	3,339	$	3,498	$	3,431
Number of accounts(3)		1,726		1,733		1,737		1,737		1,747		1,759		1,765		1,770		1,762		1,764		1,753		1,754		1,753
Interest Bearing Checking
Average total balance	$	8,097	$	7,928	$	8,010	$	8,035	$	7,900	$	7,852	$	7,869	$	7,888	$	7,961	$	7,999	$	8,019	$	8,217	$	8,095
Number of accounts(3)		1,008		991		979		969		961		947		938		922		909		897		884		868		856
Money Market Savings
Average total balance	$	13,682	$	13,555	$	13,480	$	13,376	$	13,261	$	13,259	$	13,349	$	13,538	$	13,711	$	13,769	$	13,897	$	13,940	$	14,082
Number of accounts(3)		836		815		794		779		768		757		748		739		728		710		691		675		659
Regular savings
Average total balance	$	1,833	$	1,815	$	1,839	$	1,864	$	1,896	$	1,924	$	1,956	$	2,011	$	2,066	$	2,114	$	2,143	$	2,163	$	2,171
Number of accounts(3)		607		616		624		634		642		652		663		673		686		696		707		717		728
Business Deposits:
Average total balance	$	8,304	$	8,191	$	8,319	$	8,775	$	8,774	$	8,655	$	8,584	$	8,501	$	8,405	$	8,356	$	8,079	$	7,961	$	7,994
Number of accounts(3)		390		388		387		387		387		386		385		383		383		382		379		377		376
Time Deposits:
Average total balance	$	20,258	$	19,979	$	19,827	$	19,692	$	19,475	$	19,031	$	18,916	$	18,710	$	18,168	$	17,881	$	17,531	$	17,243	$	16,894
Number of accounts(3)		1,022		1,013		1,007		1,005		1,004		996		985		990		976		967		960		947		930
CONSUMER LOAN PRODUCTION METRICS (# of loans)(2)
Installment loan originations:
Home equity(4)		2,702		3,853		1,792		1,854		1,879		2,148		1,939		3,556		2,676		2,020		1,675		1,339		2,216
Other(5)		1,570		1,022		997		879		969		1,075		1,253		1,673		1,405		1,616		1,527		1,277		1,258
Home equity and other lines of credit		6,193		4,581		4,157		5,044		5,527		6,466		7,326		7,016		7,261		7,667		6,840		7,642		7,361
Total consumer loan originations		10,465		9,456		6,946		7,777		8,375		9,689		10,518		12,245		11,342		11,303		10,042		10,258		10,835
BANK BRANCHES AND OTHER
Total bank branches		1,230		1,230		1,227		1,220		1,220		1,221		1,217		1,216		1,220		1,221		1,221		1,222		1,217
ATMs		1,949		1,945		1,938		1,935		1,934		1,933		1,930		1,933		1,931		1,933		1,931		1,938		1,928
Online banking customers		1,359,249		1,328,120		1,298,121		1,276,855		1,261,859		1,242,613		1,224,089		1,197,112		1,163,100		1,135,539		1,106,901		1,085,084		1,062,707

(1)	Restated to reflect the reassignement of certain deposits with the Wholesale Banking line of business.
(2)	Excludes Education Finance and National City Card Services. Additionally, home equity loans generated by the National Home Equity division of the National Consumer Finance line of business are excluded from the consumer loan production metrics.
(3)	Represents period-end number of accounts in thousands.
(4)	Represents closed-end home equity installment loans included in real estate residential portfolio loans on the consolidated balance sheet.
(5)	Represents other secured installment loans. Periods prior to 2006 also included automobile, truck, boat, and recreational vehicle loans.

38

Unaudited
National City Corporation
Monthly Financial Trends
ASSET MANAGEMENT PERFORMANCE MEASURES
($ in millions)

	March			February			January			December		November			October			September			August			July			June			May			April			March
	2006			2006			2006			2005		2005			2005			2005			2005			2005			2005			2005			2005			2005
ASSETS UNDER ADMINISTRATION
Managed assets:
Value at beginning of period	$	66,748		$	66,047		$	65,010		$	64,290	$	63,914		$	65,084		$	64,831		$	64,298		$	63,288		$	63,235		$	62,480		$	63,606		$	65,047
Estimated change due to market impact		939			6			1,039			316		1,146			(488	)		243			(122	)		821			228			960			(65	)		(591	)
Other activity, net		(5,018	)		695			(2	)		404		(770	)		(682	)		10			655			189			(175	)		(205	)		(1,061	)		(850	)
Value at end of period		62,669			66,748			66,047			65,010		64,290			63,914			65,084			64,831			64,298			63,288			63,235			62,480			63,606
Non-managed assets:
Value at beginning of period		43,340			43,487			42,750			42,229		41,546			42,151			42,439			43,020			42,239			42,383			41,991			42,490			43,311
Estimated change due to market impact		306			(14	)		934			269		896			(713	)		(299	)		(159	)		1,128			(24	)		738			(347	)		(604	)
Other activity, net		4,372			(133	)		(197	)		252		(213	)		108			11			(422	)		(347	)		(120	)		(346	)		(152	)		(217	)
Value at end of period		48,018			43,340			43,487			42,750		42,229			41,546			42,151			42,439			43,020			42,239			42,383			41,991			42,490
Total assets at end of period	$	110,687		$	110,088		$	109,534		$	107,760	$	106,519		$	105,460		$	107,235		$	107,270		$	107,318		$	105,527		$	105,618		$	104,471		$	106,096
Proprietary mutual fund assets (included above)	$	12,198		$	12,078		$	12,040		$	12,213	$	11,567		$	11,653		$	11,900		$	11,953		$	11,936		$	12,254		$	12,084		$	12,058		$	12,444

MORTGAGE BANKING STATISTICS
($ in millions)

	March			February			January			December			November			October			September			August			July			June			May			April			March
	2006			2006			2006			2005			2005			2005			2005			2005			2005			2005			2005			2005			2005
PRODUCTION DATA
Applications:(1)
National City Mortgage (NCM)	$	7,137		$	5,517		$	5,648		$	4,579		$	6,029		$	6,330		$	7,244		$	8,023		$	8,113		$	9,956		$	8,349		$	8,419		$	8,346
First Franklin		3,633			3,233			3,124			3,605			3,711			4,100			4,737			4,811			4,665			5,813			4,814			3,601			4,420
Total Applications	$	10,770		$	8,750		$	8,772		$	8,184		$	9,740		$	10,430		$	11,981		$	12,834		$	12,778		$	15,769		$	13,163		$	12,020		$	12,766
Percentage of NCM applications represented by refinances		47	%		49	%		53	%		53	%		50	%		53	%		55	%		52	%		52	%		56	%		49	%		45	%		47	%
Originations:
NCM Retail	$	2,398		$	1,994		$	1,803		$	2,253		$	2,462		$	2,710		$	2,828		$	3,378		$	3,078		$	3,346		$	2,993		$	2,693		$	2,874
NCM Wholesale		1,438			1,138			1,107			1,444			1,392			1,790			2,118			2,705			2,511			2,370			1,962			2,024			2,784
Less: portfolio loan originations(2)		(430	)		(373	)		(334	)		(395	)		(423	)		(465	)		(460	)		(584	)		(494	)		(583	)		(566	)		(522	)		(496	)
Total NCM originations for sale		3,406			2,759			2,576			3,302			3,431			4,035			4,486			5,499			5,095			5,133			4,389			4,195			5,162
Total First Franklin loan originations		2,036			1,777			1,765			2,327			2,203			2,580			2,764			3,005			3,017			3,430			2,479			2,150			2,335
Less: portfolio loan originations		(222	)		(199	)		(459	)		(223	)		(654	)		(560	)		(295	)		(319	)		(1,244	)		(1,388	)		(992	)		(855	)		(846	)
Total First Franklin originations for sale		1,814			1,578			1,306			2,104			1,549			2,020			2,469			2,686			1,773			2,042			1,487			1,295			1,489
Total Loans Originated For Sale	$	5,220		$	4,337		$	3,882		$	5,406		$	4,980		$	6,055		$	6,955		$	8,185		$	6,868		$	7,175		$	5,876		$	5,490		$	6,651
Percentage of NCM originations represented by refinances		50	%		55	%		55	%		48	%		51	%		54	%		51	%		53	%		51	%		47	%		47	%		49	%		57	%
Percentage of First Franklin originations represented by refinances		31	%		34	%		36	%		32	%		33	%		33	%		27	%		29	%		28	%		28	%		31	%		34	%		36	%
LOAN SALES
NCM loans sold servicing retained	$	2,198		$	3,028		$	3,010		$	3,347		$	2,863		$	4,579		$	4,558		$	4,382		$	4,174		$	4,065		$	3,813		$	4,451		$	3,999
NCM loans sold servicing released		258			161			108			202			242			164			177			159			162			163			183			127			130
Total NCM loan sales		2,456			3,189			3,118			3,549			3,105			4,743			4,735			4,541			4,336			4,228			3,996			4,578			4,129
First Franklin loans sold servicing retained		1,192			1,400			1,623			2,071			1,530			3,020			3,219			415			1,944			1,481			—			847			1,080
First Franklin loans sold servicing released		—			—			—			—			—			—			—			—			—			—			1,259			559			1,455
Total First Franklin loan sales		1,192			1,400			1,623			2,071			1,530			3,020			3,219			415			1,944			1,481			1,259			1,406			2,535
Total Mortgage Loan Sales	$	3,648		$	4,589		$	4,741		$	5,620		$	4,635		$	7,763		$	7,954		$	4,956		$	6,280		$	5,709		$	5,255		$	5,984		$	6,664
SERVICING DATA
NCM mortgage loans serviced for third parties	$	160,983		$	161,380		$	160,441		$	159,580		$	159,040		$	159,230		$	158,039		$	157,067		$	157,159		$	156,938		$	157,082		$	156,646		$	155,087
First Franklin mortgage loans serviced for third parties		20,232			19,391			18,266			16,909			15,105			13,799			10,958			7,895			7,633			5,804			4,437			4,506			3,722
Total Mortgage Loans Serviced for Third Parties	$	181,215		$	180,771		$	178,707		$	176,489		$	174,145		$	173,029		$	168,997		$	164,962		$	164,792		$	162,742		$	161,519		$	161,152		$	158,809

(1)	Includes loans originated for sale and to be held in portfolio
(2)	Primarily represents home equity loans originated for the National Home Equity business unit

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Unaudited
National City Corporation
Monthly Financial Trends
FIRST FRANKLIN ORIGINATION AND PORTFOLIO STATISTICS⁽¹⁾
($ in millions)

	March			February			January			December			November			October			September			August			July			June			May			April			March
	2006			2006			2006			2005			2005			2005			2005			2005			2005			2005			2005			2005			2005
PRODUCTION DATA
Originations:
Total First Franklin originations	$	2,036		$	1,777		$	1,765		$	2,327		$	2,203		$	2,580		$	2,764		$	3,005		$	3,017		$	3,430		$	2,479		$	2,150		$	2,335
Weighted-average note rate		8.19	%		8.14	%		8.10	%		8.00	%		7.83	%		7.52	%		7.37	%		7.25	%		6.99	%		6.96	%		7.07	%		7.13	%		6.97	%
Weighted-average credit score(2)		654			651			652			655			652			654			657			658			659			658			655			654			654
Sales:
Total sales of First Franklin loans to third parties	$	1,192		$	1,400		$	1,623		$	2,071		$	1,530		$	3,020		$	3,219		$	415		$	1,944		$	1,481		$	1,259		$	1,406		$	2,535
Total loan sale revenue		26			23			11			29			18			23			7			14			20			30			24			25			52
PORTFOLIO STATISTICS(3)
Period-end portfolio balance	$	18,254		$	18,693		$	18,774		$	18,681		$	18,801		$	19,046		$	19,490		$	19,947		$	19,560		$	18,880		$	18,621		$	18,344		$	18,131
Weighted-average note rate		7.34	%		7.29	%		7.25	%		7.18	%		7.12	%		7.04	%		6.97	%		6.89	%		6.85	%		6.81	%		6.79	%		6.77	%		6.77	%
Weighted-average loan size	$	106,513		$	108,389		$	109,371		$	110,417		$	111,752		$	113,700		$	116,404		$	119,340		$	120,756		$	122,336		$	123,469		$	124,351		$	124,384
Weighted-average credit score(2)(4)		647			647			646			652			652			652			652			652			651			651			651			650			648
First-lien weighted-average loan-to-value ratio(5)		77.48	%		77.55	%		77.57	%		77.57	%		77.58	%		77.60	%		77.66	%		77.71	%		77.69	%		77.66	%		77.64	%		77.65	%		77.64	%

(1)	First Franklin loans are nonconforming residential real estate loans originated by First Franklin Financial Corp., a wholly-owned subsidiary of National City Corporation and a division of the National Consumer Finance line of business.
(2)	Represents the Fair Isaac Corporation FICO® score, a benchmark credit rating system used by most financial companies and National City Corporation. National City is not affiliated with Fair Isaac Corporation and obtains FICO® scores from third-party credit bureaus.
(3)	These loans are retained in the residential real estate portfolio.
(4)	Based upon most recent available FICO® score for borrowers. FICO® scores are updated quarterly.
(5)	Based upon period-end first-lien mortgage loan balance divided by the most recent obtained value of the underlying mortgaged property.

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