PackageTrendsPeer
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Lapeer County Bank & Trust Co.

Lapeer, MI · Cert 14913

FDIC · 13 branches

Q1 2020

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: Q1 2020, the quarter ended March 31, 2020, 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

Lapeer County Bank & Trust Co.

Lapeer, MI · Cert 14913

FDIC · 13 branches

Q1 2020

$724.5MAssets
$400.8MLoans
$588.6MDeposits
$110.6MEquity
Loan mix
77%RE $256.9M20%C&I $65.2M3%Consumer $11.1MQ1 2019Q1 2020
Deposit mix
79%Interest-bearing $463.7M21%Noninterest $124.8MQ1 2019Q1 2020

NIM

3.65%Q1 ’183.91%Q1 ’193.49%Q1 ’20+1%-4%

Non-interest income vs. expense

3.15%Q1 ’182.96%Q1 ’192.36%Q1 ’20-4%-35%

Market Position · Detroit-Warren-Dearborn, MI · 2019 SOD (annual) · 0.4% share · #14 of 43 inst. · $0.6B of $140.6B

36.6% Lapeer
6.5% St. Clair
0.2% Macomb

Executive Summary

  • Earnings: ROA of 1.35%, up 19 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.17% of loans (-22 bps YoY), with net recoveries of 0.06%.
  • Capital: tier 1 leverage ratio of 9.79%, down 59 bps from a year ago.
  • Funding: loans stand at 68.09% of deposits as of Q1 2020.

Financial Results

Return on Assets (YTD, annualized)

1.35%+19 bps YoY

Net Interest Margin (YTD, annualized)

3.33%-14 bps YoY

Efficiency Ratio (YTD, annualized)

52.65%-1,587 bps YoY

Tier 1 Leverage Ratio

9.79%-59 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2019Q2 2019Q3 2019Q4 2019Q1 2020YoY ΔTrend
Earnings
Return on Assets1.16%1.17%1.16%1.20%1.35%+19 bps
Return on Equity11.75%11.80%11.69%10.82%8.87%-289 bps
Net Interest Margin3.48%3.40%3.32%3.36%3.33%-14 bps
Efficiency Ratio68.52%66.85%66.78%64.34%52.65%-1,587 bps
Non-Interest Burden2.11%2.04%1.98%1.81%1.37%-73 bps
Growth
Asset Growth (YoY)3.50%6.05%8.59%15.24%13.84%+1,033 bps
Loan Growth (YoY)12.38%15.85%19.18%15.93%3.45%-893 bps
Deposit Growth (YoY)1.39%2.66%6.25%6.35%4.76%+337 bps
Asset Quality
Nonperforming Loans / Loans0.39%0.42%0.17%0.25%0.17%-22 bps
Net Charge-Offs / Loans0.01%0.01%-0.05%-0.04%-0.06%-7 bps
Allowance / Loans0.44%0.41%0.43%0.00%0.07%-36 bps
Allowance Coverage of NPLs1.1x1.0x2.5x0.0x0.4x-0.7x
Capital
Tier 1 Leverage Ratio10.38%10.05%9.75%9.63%9.79%-59 bps
Total Risk-Based Capital15.56%14.86%14.62%15.01%14.68%-88 bps
Equity / Assets9.99%10.04%10.08%15.20%15.27%+528 bps
Liquidity & Funding
Loans / Deposits68.96%73.31%74.44%73.11%68.09%-86 bps
Liquid Assets / Assets1.59%1.43%1.08%1.80%1.07%-52 bps
CRE / Total Capitaln/an/an/an/an/an/an/a