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NATIONAL CITY BANCORPORATION REPORTS INCREASED EARNINGS

 NATIONAL CITY BANCORPORATION REPORTS INCREASED EARNINGS
 MINNEAPOLIS, Jan. 17 /PRNewswire/ -- National City Bancorporation


(NASDAQ: NCBM) reported net earnings of $5,090,000 for the year ended Dec. 31, 1991, equalling $1.02 per share, up 18 percent from $4,319,000 and $0.87 per share for the year 1990. Net charge-offs for the year were $3,102,000 compared to $3,203,000 for 1990. The valuation allowance for loan losses at Dec. 31, 1991, was $7,131,000, 2.06 percent of loans outstanding compared to $7,320,000 or 2.06 percent at Dec. 31, 1990. The net interest margin for the year (net interest income on a fully taxable equivalent basis divided by average earning assets) was 5.15 percent compared to 4.83 percent in 1990. Included in 1991 net earnings are after-tax gains on the sale of investment securities of $461,000 compared to an after-tax loss of $232,000 in 1990.
 For the fourth quarter of 1991, the Bancorporation reported net earnings of $1,090,000, $0.22 per share, up 22 percent from $896,000, $0.18 share in the fourth quarter of 1990. Net loan charge-offs were $998,000 for the fourth quarter compared with $1,901,000 for the same period last year.
 Nonaccrual loans and other real estate acquired in foreclosure were $9.7 million at Dec. 31, 1991, even with $9.7 million at Sept. 30, 1991, and down from $11.9 million at Dec. 31, 1990.
 NATIONAL CITY BANCORPORATION
 (Unaudited)
 Fourth Quarter Ending
 12/31/91 12/31/90
 Gross revenues $13,773,000 $15,630,000
 Net interest income 5,995,000 5,911,000
 Noninterest income 2,693,000 2,051,000
 Provision for loan losses 1,021,000 1,725,000
 Noninterest expense 6,142,000 5,300,000
 Net earnings 1,090,000 896,000
 Per share $0.22 $0.18
 Year Ending
 12/31/91 12/31/90
 Gross revenues $57,932,000 $59,771,000
 Net interest income 24,251,000 22,902,000
 Noninterest income 10,455,000 6,876,000
 Provision for loan losses 2,913,000 3,800,000
 Noninterest expense 24,369,000 20,155,000
 Net earnings 5,090,000 4,319,000
 Per share $1.02 $0.87
 National City Bancorporation is a bank holding company which owns National City Bank of Minneapolis and Diversified Business Credit, Inc. The company's stock is traded on the over-the-counter market in the NASDAQ National Market System under the symbol NCBM.
 -0- 1/17/92
 /CONTACT: David H. North of National City Bancorporation, 612-340-3185/
 (NCBM) CO: National City Bancorporation ST: Minnesota IN: FIN SU: ERN


AL -- MN005 -- 1148 01/17/92 17:03 EST
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Date:Jan 17, 1992
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