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NATIONAL CITY BANCORPORATION ANNOUNCES RESULTS

 MINNEAPOLIS, July 21 /PRNewswire/ -- National City Bancorporation (NASDAQ-NMS: NCBM) today announced net earnings of $1,670,000 for the second quarter of 1993, equalling $0.28 per share, compared to $1,380,000, and $0.23 per share in 1992. Net earnings for the six months ended June 30, 1993, were $3,498,000, or $0.59 per share, compared with $3,476,000, or $0.58 per share in 1992. Included in the year-to-date net earnings are after-tax gains from the sale of investment securities of $115,000 and $595,000 in 1993 and 1992, respectively.
 Net interest income was $6,653,000 for the second quarter and the tax equivalent net interest margin was 5.06 percent compared with $5,955,000 and 5.12 percent for the same period last year.
 Net loan charge-offs were $188,000 in the second quarter and $70,000 for six months compared with net loan charge-offs of $672,000 and $607,000 for the same periods last year. The company's reserve for loan losses at June 30, 1993, was $7,937,000 or 2.1 percent of loans outstanding compared with $7,657,000, and 2.1 percent at Dec. 31, 1992.
 Nonaccrual assets and other real estate acquired in foreclosure were $4.8 million at June 30, 1993, up from $4.2 million at March 31, 1993, and $3.2 million at Dec. 31, 1992.
 NATIONAL CITY BANCORPORATION
 (Unaudited)
 Second Quarter Ended
 6/30/93 6/30/92
 Gross revenues $13,163,000 $12,459,000
 Net interest income 6,653,000 5,955,000
 Noninterest income 3,071,000 2,780,000
 Provision for loan losses 275,000 925,000
 Noninterest expense 6,950,000 5,778,000
 Net earnings 1,670,000 1,380,000
 Earnings per common share $0.28 $0.23
 Six Months Ended
 6/30/93 6/30/92
 Gross revenues $25,728,000 $26,211,000
 Net interest income 13,035,000 11,901,000
 Noninterest income 6,161,000 6,584,000
 Provision for loan losses 350,000 1,441,000
 Noninterest expense 13,816,000 11,742,000
 Earnings before cumulative effect of
 change in accounting principle 3,294,000 3,476,000
 Cumulative effect of change in
 accounting principle 204,000 --
 Net earnings $3,498,000 $3,476,000
 Earnings per common share:
 Before cumulative effect of change
 in accounting principle $0.55 $0.58
 Cumulative effect of change in
 accounting principle 0.04 --
 Net earnings $0.59 $0.58
 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- 7/21/93
 /CONTACT: David H. North of National City Bancorporation, 612-340-3185/
 (NCBM)


CO: National City Bancorporation ST: Minnesota IN: FIN SU: ERN

KH -- MN013 -- 4055 07/21/93 14:45 EDT
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Date:Jul 21, 1993
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