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First National Bank in Howell

Howell, MI · Cert 14370

FDIC · 9 branches

Q3 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2021, the quarter ended September 30, 2021, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First National Bank in Howell

Howell, MI · Cert 14370

FDIC · 9 branches

Q3 2021

$664.3MAssets
$443.9MLoans
$593.6MDeposits
$65.1MEquity
Loan mix
79%RE $274.0M11%C&I $39.5M9%Consumer $31.4MQ3 2020Q3 2021
Deposit mix
82%Interest-bearing $488.0M18%Noninterest $105.7MQ3 2020Q3 2021

NIM

4.37%Q3 ’193.86%Q3 ’203.31%Q3 ’21-11%-13%

Non-interest income vs. expense

3.40%Q3 ’192.88%Q3 ’202.48%Q3 ’21-27%-6%

Market Position · Detroit-Warren-Dearborn, MI · 2021 SOD (annual) · 0.3% share · #14 of 43 inst. · $0.6B of $202.0B

Executive Summary

  • Earnings: ROA of 1.20%, down 17 bps year over year; NIM at 3.21%.
  • Asset quality: problem loans at 1.19% of loans (+75 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.77%, down 100 bps from a year ago.
  • Funding: loans stand at 74.77% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

1.20%-17 bps YoY

Net Interest Margin (YTD, annualized)

3.21%-46 bps YoY

Efficiency Ratio (YTD, annualized)

63.65%+158 bps YoY

Tier 1 Leverage Ratio

9.77%-100 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets1.37%1.35%1.07%0.97%1.20%-17 bps
Return on Equity11.94%11.86%10.48%9.75%12.09%+15 bps
Net Interest Margin3.67%3.69%3.32%3.07%3.21%-46 bps
Efficiency Ratio62.08%61.30%67.54%68.95%63.65%+158 bps
Non-Interest Burden1.91%1.89%1.98%1.90%1.79%-12 bps
Growth
Asset Growth (YoY)25.54%27.72%47.26%26.39%22.80%-274 bps
Loan Growth (YoY)11.94%7.43%10.43%2.96%10.74%-120 bps
Deposit Growth (YoY)32.00%29.63%50.82%28.46%23.83%-817 bps
Asset Quality
Nonperforming Loans / Loans0.44%0.43%0.40%0.42%1.19%+75 bps
Net Charge-Offs / Loans-0.04%-0.06%0.05%0.00%0.01%+6 bps
Allowance / Loans1.75%1.97%1.89%1.80%1.71%-5 bps
Allowance Coverage of NPLs4.0x4.6x4.7x4.3x1.4x-2.6x
Capital
Tier 1 Leverage Ratio10.77%11.00%10.36%9.79%9.77%-100 bps
Total Risk-Based Capital16.27%16.04%16.24%15.62%14.97%-130 bps
Equity / Assets10.67%10.81%9.60%9.69%9.80%-87 bps
Liquidity & Funding
Loans / Deposits83.61%79.38%71.13%73.13%74.77%-884 bps
Liquid Assets / Assets16.78%14.78%22.26%15.27%9.21%-757 bps
CRE / Total Capitaln/an/an/an/an/an/an/a