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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

5.62%Q2 ’084.75%Q2 ’094.80%Q2 ’10-8%+29%

Non-interest income vs. expense

3.04%Q2 ’082.99%Q2 ’093.43%Q2 ’10-12%+29%

Executive Summary

  • Earnings: ROA of 1.25%, up 75 bps year over year; NIM at 3.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.33%.
  • Funding: loans stand at 87.44% of deposits as of Q2 2010.

Financial Results

Return on Assets (quarter, annualized)

1.25%+75 bps YoY

Net Interest Margin (quarter, annualized)

3.84%+86 bps YoY

Efficiency Ratio (quarter, annualized)

65.65%-439 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets0.49%-0.60%-0.12%0.16%1.25%+75 bps
Return on Equity6.15%-7.38%-1.40%1.87%11.08%+493 bps
Net Interest Margin2.99%3.14%3.21%3.18%3.84%+86 bps
Efficiency Ratio70.05%73.06%72.52%64.26%65.65%-439 bps
Non-Interest Burden1.72%2.05%2.09%1.70%2.22%+50 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 / Loans0.39%0.55%2.47%0.15%1.33%+94 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