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Byron Center State Bank

Byron Center, MI · Cert 11405

FDIC

Q2 2010

$867.7MAssets
$624.8MLoans
$714.5MDeposits
$119.6MEquity
Loan mix
74%RE $358.4M25%C&I $119.6M1%Consumer $4.9MQ2 2009Q2 2010
Deposit mix
95%Interest-bearing $681.8M5%Noninterest $32.8MQ2 2009Q2 2010

NIM

5.71%Q2 ’084.76%Q2 ’094.68%Q2 ’10-8%+20%

Non-interest income vs. expense

2.96%Q2 ’082.95%Q2 ’093.05%Q2 ’10-7%+13%

Executive Summary

  • Earnings: ROA of 0.71%, up 15 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.75%.
  • Funding: loans stand at 87.44% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

0.71%+15 bps YoY

Net Interest Margin (YTD, annualized)

3.50%+58 bps YoY

Efficiency Ratio (YTD, annualized)

65.03%-607 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets0.56%0.17%0.10%10.16%0.71%+15 bps
Return on Equity6.95%2.09%1.21%1.87%6.86%-10 bps
Net Interest Margin2.91%3.00%3.07%3.18%3.50%+58 bps
Efficiency Ratio71.10%71.74%71.94%64.26%65.03%-607 bps
Non-Interest Burden1.73%1.84%1.91%1.70%1.95%+22 bps
Growth
Asset Growth (YoY)6.88%4.78%-2.12%-2.72%3.48%-340 bps
Loan Growth (YoY)11.87%7.06%1.23%-2.37%-11.53%-2,341 bps
Deposit Growth (YoY)16.21%9.25%1.65%1.26%3.82%-1,240 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.27%0.36%0.89%0.15%0.75%+48 bps
Allowance / Loans1.49%2.02%1.86%2.25%0.03%-146 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital10.44%10.46%10.41%10.69%9.94%-50 bps
Equity / Assets8.13%8.24%8.32%8.53%13.78%+565 bps
Liquidity & Funding
Loans / Deposits102.61%99.45%101.05%99.47%87.44%-1,517 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%3.37%+337 bps
CRE / Total Capitaln/an/an/an/an/an/an/a