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 (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.03% | 0.94% | 0.98% | 0.98% | 0.78% | 0.57% | 0.47% | 1.04% | +7 bps | |
| Return on Equity | 12.34% | 11.20% | 11.51% | 11.20% | 8.76% | 6.33% | 5.19% | 11.41% | +21 bps | |
| Net Interest Margin | 3.25% | 3.16% | 3.01% | 2.97% | 2.85% | 2.77% | 2.76% | 2.78% | -19 bps | |
| Efficiency Ratio | 63.68% | 66.24% | 66.94% | 65.69% | 71.54% | 72.89% | 74.00% | 62.08% | -361 bps | |
| Non-Interest Burden | 1.88% | 1.90% | 1.84% | 1.79% | 1.88% | 1.88% | 1.92% | 1.55% | -24 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 21.95% | 16.81% | 9.84% | 2.94% | 0.89% | 2.20% | 3.57% | 3.99% | +104 bps | |
| Loan Growth (YoY) | 27.63% | 19.44% | 9.91% | 2.61% | 0.31% | -0.75% | -2.73% | -2.46% | -507 bps | |
| Deposit Growth (YoY) | 8.07% | 12.04% | 4.22% | 4.64% | 6.27% | 3.44% | 4.89% | 5.37% | +72 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.19% | 0.16% | 0.24% | 0.38% | 0.39% | 0.66% | 0.71% | 0.75% | +38 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.01% | -0.12% | -0.05% | 0.02% | 0.22% | 0.50% | 0.00% | +5 bps | |
| Allowance / Loans | 1.04% | 1.05% | 1.04% | 1.04% | 1.05% | 1.05% | 1.02% | 1.00% | -4 bps | |
| Allowance Coverage of NPLs | 5.6x | 6.5x | 4.3x | 2.8x | 2.7x | 1.6x | 1.4x | 1.3x | -1.4x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.62% | 8.71% | 8.73% | 8.94% | 8.94% | 9.06% | 9.02% | 9.03% | +9 bps | |
| Total Risk-Based Capital | 11.27% | 11.51% | 11.79% | 12.13% | 12.47% | 12.57% | 12.78% | 13.13% | +101 bps | |
| Equity / Assets | 8.26% | 8.56% | 8.55% | 8.93% | 8.94% | 9.09% | 9.10% | 9.22% | +29 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 107.68% | 106.77% | 105.90% | 105.69% | 101.64% | 102.45% | 98.20% | 97.84% | -785 bps | |
| Liquid Assets / Assets | 4.83% | 1.96% | 3.03% | 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 | n/a | n/a | n/a |