Midland, MI · Cert 1003
FDIC · 212 branches
Q2 2019
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2019, the quarter ended June 30, 2019, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Midland, MI · Cert 1003
FDIC · 212 branches
Q2 2019
Market Position · Detroit-Warren-Dearborn, MI · 2019 SOD (annual) · 3.6% share · #9 of 43 inst. · $5.0B of $140.6B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.07% | 0.88% | 1.46% | 1.47% | 1.45% | 1.45% | 1.29% | 1.32% | -15 bps | |
| Return on Equity | 7.37% | 6.12% | 10.57% | 10.66% | 10.66% | 10.75% | 9.75% | 9.98% | -68 bps | |
| Net Interest Margin | 3.13% | 3.11% | 3.34% | 3.32% | 3.26% | 3.20% | 3.21% | 3.16% | -16 bps | |
| Efficiency Ratio | 56.67% | 55.00% | 51.34% | 50.49% | 51.15% | 51.52% | 53.02% | 52.53% | +204 bps | |
| Non-Interest Burden | 1.36% | 1.29% | 1.24% | 1.22% | 1.24% | 1.25% | 1.42% | 1.35% | +12 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 98.76% | 11.30% | 12.22% | 8.11% | 8.03% | 11.56% | 10.38% | 10.92% | +281 bps | |
| Loan Growth (YoY) | 77.15% | 8.68% | 7.05% | 6.51% | 6.96% | 8.08% | 7.70% | 8.67% | +216 bps | |
| Deposit Growth (YoY) | 74.60% | 5.89% | 6.37% | 10.11% | 11.66% | 14.33% | 15.04% | 9.17% | -94 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.73% | 0.68% | 0.70% | 0.72% | 0.84% | 0.73% | 0.73% | 0.73% | 0 bps | |
| Net Charge-Offs / Loans | 0.08% | 0.07% | 0.09% | 0.11% | 0.09% | 0.08% | 0.05% | 0.05% | -6 bps | |
| Allowance / Loans | 0.62% | 0.65% | 0.66% | 0.68% | 0.70% | 0.72% | 0.72% | 0.73% | +5 bps | |
| Allowance Coverage of NPLs | 0.8x | 0.9x | 0.9x | 0.9x | 0.8x | 1.0x | 1.0x | 1.0x | +0.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.64% | 8.41% | 8.50% | 8.66% | 8.60% | 8.63% | 8.63% | 8.68% | +2 bps | |
| Total Risk-Based Capital | 11.19% | 10.97% | 11.18% | 11.40% | 11.57% | 11.36% | 11.59% | 11.35% | -5 bps | |
| Equity / Assets | 13.84% | 13.90% | 13.74% | 13.62% | 13.31% | 13.14% | 13.26% | 13.11% | -51 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 100.59% | 104.09% | 101.93% | 100.42% | 96.36% | 98.40% | 95.42% | 99.97% | -46 bps | |
| Liquid Assets / Assets | 5.46% | 4.40% | 5.00% | 4.00% | 4.32% | 3.83% | 3.92% | 3.91% | -9 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |