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Central State Bank

Beulah, MI · Cert 14706

FDIC · 2 branches

Q3 2018

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 2018, the quarter ended September 30, 2018, 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

Central State Bank

Beulah, MI · Cert 14706

FDIC · 2 branches

Q3 2018

$81.8MAssets
$37.1MLoans
$70.2MDeposits
$10.6MEquity
Loan mix
83%RE $27.4M15%C&I $4.9M2%Consumer $0.6MQ3 2017Q3 2018
Deposit mix
69%Interest-bearing $48.7M31%Noninterest $21.5MQ3 2017Q3 2018

NIM

3.11%Q3 ’163.37%Q3 ’173.16%Q3 ’18+9%-7%

Non-interest income vs. expense

3.77%Q3 ’163.88%Q3 ’173.63%Q3 ’18-12%+3%

Executive Summary

  • Earnings: ROA of 0.72%, down 3 bps year over year; NIM at 3.04%.
  • Asset quality: problem loans at 1.27% of loans (-6 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 13.70%, down 82 bps from a year ago.
  • Funding: loans stand at 52.79% of deposits as of Q3 2018.

Financial Results

Return on Assets (YTD, annualized)

0.72%-3 bps YoY

Net Interest Margin (YTD, annualized)

3.04%-22 bps YoY

Efficiency Ratio (YTD, annualized)

79.99%+348 bps YoY

Tier 1 Leverage Ratio

13.70%-82 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets0.76%1.13%0.86%0.67%0.72%-3 bps
Return on Equity5.50%8.07%5.72%4.56%5.07%-44 bps
Net Interest Margin3.27%3.27%3.20%3.07%3.04%-22 bps
Efficiency Ratio76.51%77.41%77.31%81.50%79.99%+348 bps
Non-Interest Burden2.07%2.14%2.00%2.21%2.14%+6 bps
Growth
Asset Growth (YoY)0.13%-1.14%-4.34%6.66%9.49%+936 bps
Loan Growth (YoY)4.43%-3.88%-3.44%-7.85%-11.11%-1,554 bps
Deposit Growth (YoY)-2.17%-2.56%-2.34%8.99%11.88%+1,404 bps
Asset Quality
Nonperforming Loans / Loans1.33%1.61%1.40%1.51%1.27%-6 bps
Net Charge-Offs / Loans0.05%0.04%0.16%0.08%0.04%0 bps
Allowance / Loans1.07%1.17%1.18%1.18%1.23%+16 bps
Allowance Coverage of NPLs0.8x0.7x0.8x0.8x1.0x+0.2x
Capital
Tier 1 Leverage Ratio14.52%14.92%15.43%14.42%13.70%-82 bps
Total Risk-Based Capital25.59%27.66%27.93%28.23%27.23%+165 bps
Equity / Assets13.78%14.81%15.09%14.35%12.92%-86 bps
Liquidity & Funding
Loans / Deposits66.44%65.58%64.90%60.43%52.79%-1,365 bps
Liquid Assets / Assets12.16%11.16%11.21%10.25%8.44%-372 bps
CRE / Total Capitaln/an/an/an/an/an/an/a