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

4.20%Q4 ’044.52%Q4 ’054.77%Q4 ’06-5%-21%

Non-interest income vs. expense

3.94%Q4 ’042.75%Q4 ’053.96%Q4 ’06-6%+58%

Executive Summary

  • Earnings: ROA of -1.51%, down 186 bps year over year; NIM at 2.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 51.60% of deposits as of Q4 2006.

Financial Results

Return on Assets (quarter, annualized)

-1.51%-186 bps YoY

Net Interest Margin (quarter, annualized)

2.19%-57 bps YoY

Efficiency Ratio (quarter, annualized)

164.15%+7,644 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets0.35%0.57%0.54%0.35%-1.51%-186 bps
Return on Equity4.00%6.60%6.16%3.98%-16.94%-2,093 bps
Net Interest Margin2.76%2.73%2.56%2.53%2.19%-57 bps
Efficiency Ratio87.71%80.82%80.00%85.95%164.15%+7,644 bps
Non-Interest Burden2.37%2.15%1.98%2.13%3.74%+137 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 / Loans0.26%-0.15%-0.03%0.03%-0.01%-27 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