PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Community Bank

Caro, MI · Cert 1587

FDIC

Q4 2006

$77.8MAssets
$36.3MLoans
$70.4MDeposits
$7.0MEquity
Loan mix
89%RE $24.9M11%C&I $3.1M0%Consumer $0.1MQ4 2005Q4 2006
Deposit mix
88%Interest-bearing $62.2M12%Noninterest $8.3MQ4 2005Q4 2006

NIM

4.28%Q4 ’044.63%Q4 ’054.90%Q4 ’06+1%-17%

Non-interest income vs. expense

3.16%Q4 ’043.15%Q4 ’052.82%Q4 ’06+12%-9%

Executive Summary

  • Earnings: ROA of -0.02%, down 23 bps year over year; NIM at 2.53%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
  • Funding: loans stand at 51.60% of deposits as of Q4 2006.

Financial Results

Return on Assets (YTD, annualized)

-0.02%-23 bps YoY

Net Interest Margin (YTD, annualized)

2.53%-51 bps YoY

Efficiency Ratio (YTD, annualized)

99.63%+733 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets0.21%0.57%0.56%0.49%-0.02%-23 bps
Return on Equity2.49%6.60%6.39%5.55%-0.17%-266 bps
Net Interest Margin3.03%2.73%2.68%2.66%2.53%-51 bps
Efficiency Ratio92.30%80.82%80.43%82.17%99.63%+733 bps
Non-Interest Burden2.77%2.15%2.09%2.13%2.52%-25 bps
Growth
Asset Growth (YoY)-3.46%-4.64%-7.05%-1.72%1.56%+502 bps
Loan Growth (YoY)-3.00%-3.37%5.34%-0.65%0.93%+393 bps
Deposit Growth (YoY)-2.48%-4.43%-6.50%-1.15%1.57%+404 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%-0.15%-0.09%-0.05%-0.04%-15 bps
Allowance / Loans0.85%0.89%0.88%0.91%0.94%+9 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital21.09%20.55%20.80%20.93%15.81%-528 bps
Equity / Assets8.90%8.51%8.95%8.86%9.02%+13 bps
Liquidity & Funding
Loans / Deposits51.92%49.86%54.32%50.47%51.60%-32 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a