Fenton, MI · Cert 11406
FDIC · 20 branches
Q4 2024
Market Position · Flint, MI · 2024 SOD (annual) · 15.6% share · #3 of 9 inst. · $0.9B of $5.6B
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 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.99% | 0.78% | 0.68% | 0.61% | 0.72% | -27 bps | |
| Return on Equity | 11.53% | 8.76% | 7.54% | 6.73% | 7.94% | -360 bps | |
| Net Interest Margin | 3.06% | 2.85% | 2.82% | 2.76% | 2.72% | -33 bps | |
| Efficiency Ratio | 65.62% | 71.54% | 72.20% | 72.80% | 70.09% | +446 bps | |
| Non-Interest Burden | 1.83% | 1.88% | 1.88% | 1.87% | 1.76% | -7 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 2.94% | 0.89% | 2.20% | 3.57% | 3.99% | +104 bps | |
| Loan Growth (YoY) | 2.61% | 0.31% | -0.75% | -2.73% | -2.46% | -507 bps | |
| Deposit Growth (YoY) | 4.64% | 6.27% | 3.44% | 4.89% | 5.37% | +72 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.38% | 0.39% | 0.66% | 0.71% | 0.75% | +38 bps | |
| Net Charge-Offs / Loans | -0.04% | 0.02% | 0.12% | 0.25% | 0.18% | +22 bps | |
| Allowance / Loans | 1.04% | 1.05% | 1.05% | 1.02% | 1.00% | -4 bps | |
| Allowance Coverage of NPLs | 2.8x | 2.7x | 1.6x | 1.4x | 1.3x | -1.4x | |
| Capital | |||||||
| Tier 1 Leverage Ratio | 8.94% | 8.94% | 9.06% | 9.02% | 9.03% | +9 bps | |
| Total Risk-Based Capital | 12.13% | 12.47% | 12.57% | 12.78% | 13.13% | +101 bps | |
| Equity / Assets | 8.93% | 8.94% | 9.09% | 9.10% | 9.22% | +29 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 105.69% | 101.64% | 102.45% | 98.20% | 97.84% | -785 bps | |
| Liquid Assets / Assets | 3.69% | 6.22% | 5.49% | 9.11% | 10.28% | +659 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a |