Freeland, MI · Cert 14926
FDIC · 1 branch
Q3 2024
Market Position · Saginaw, MI · 2024 SOD (annual) · 1.6% share · #11 of 11 inst. · $0.0B of $2.7B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.54% | 0.05% | -0.08% | -0.24% | 0.20% | 0.13% | 0.29% | -0.12% | +12 bps | |
| Return on Equity | 4.18% | 0.40% | -0.55% | -1.73% | 1.40% | 0.88% | 1.85% | -0.76% | +97 bps | |
| Net Interest Margin | 2.69% | 2.00% | 2.09% | 2.01% | 2.54% | 2.25% | 2.37% | 2.53% | +52 bps | |
| Efficiency Ratio | 74.88% | 96.14% | 104.58% | 114.63% | 99.14% | 92.50% | 87.46% | 106.65% | -798 bps | |
| Non-Interest Burden | 2.00% | 1.92% | 2.19% | 2.31% | 2.52% | 2.07% | 2.07% | 2.70% | +38 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 3.87% | -2.45% | -7.30% | -4.86% | -11.35% | -8.29% | -6.99% | -9.73% | -486 bps | |
| Loan Growth (YoY) | -17.35% | -17.62% | -18.47% | -22.14% | -26.10% | -30.30% | -28.69% | -26.38% | -424 bps | |
| Deposit Growth (YoY) | 6.28% | -2.17% | -8.19% | -5.69% | -13.44% | -9.87% | -8.98% | -12.75% | -707 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.77% | 0.61% | 0.60% | 0.57% | 0.59% | 0.55% | 1.18% | 0.93% | +36 bps | |
| Net Charge-Offs / Loans | -0.50% | -0.51% | -1.54% | 0.00% | -0.34% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 1.73% | 1.96% | 2.56% | 2.77% | 1.68% | 1.84% | 1.72% | 1.65% | -112 bps | |
| Allowance Coverage of NPLs | 2.2x | 3.2x | 4.3x | 4.9x | 2.9x | 3.3x | 1.5x | 1.8x | -3.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 14.79% | 14.66% | 15.44% | 15.38% | 16.38% | 15.97% | 16.72% | 16.90% | +152 bps | |
| Total Risk-Based Capital | 14.79% | 14.66% | 15.44% | 15.38% | 16.38% | 15.97% | 16.72% | 16.90% | +152 bps | |
| Equity / Assets | 12.69% | 13.67% | 14.09% | 13.83% | 14.75% | 15.14% | 15.87% | 16.62% | +280 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 5.96% | 6.14% | 5.92% | 5.39% | 5.08% | 4.75% | 4.64% | 4.55% | -84 bps | |
| Liquid Assets / Assets | 61.69% | 56.20% | 56.80% | 57.17% | 58.05% | 59.26% | 57.45% | 61.28% | +411 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |