PackageTrendsPeer
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Metrobank

Farmington Hills, MI · Cert 18685

FDIC

Q3 2005

$181.8MAssets
$132.1MLoans
$137.5MDeposits
$29.9MEquity
Loan mix
57%RE $28.5M43%C&I $21.7M0%Consumer $0.0MQ3 2004Q3 2005
Deposit mix
75%Interest-bearing $103.2M25%Noninterest $34.3MQ3 2004Q3 2005

NIM

5.09%Q3 ’034.48%Q3 ’044.51%Q3 ’05-11%-10%

Non-interest income vs. expense

3.88%Q3 ’034.03%Q3 ’043.89%Q3 ’05+36%+6%

Executive Summary

  • Earnings: ROA of -0.26%, down 28 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 96.04% of deposits as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

-0.26%-28 bps YoY

Net Interest Margin (YTD, annualized)

3.27%-35 bps YoY

Efficiency Ratio (YTD, annualized)

96.94%+1,528 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.01%-0.07%-0.29%-0.04%-0.26%-28 bps
Return on Equity0.07%-0.43%-1.61%-0.24%-1.51%-158 bps
Net Interest Margin3.61%3.63%3.76%3.72%3.27%-35 bps
Efficiency Ratio81.66%82.73%95.87%90.76%96.94%+1,528 bps
Non-Interest Burden3.27%3.32%3.92%3.65%3.47%+20 bps
Growth
Asset Growth (YoY)12.85%8.30%0.32%0.89%5.93%-692 bps
Loan Growth (YoY)14.00%11.56%14.28%17.12%15.28%+128 bps
Deposit Growth (YoY)-4.72%-4.75%-0.79%-1.86%6.92%+1,164 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.13%0.07%0.02%0.01%0.01%+14 bps
Allowance / Loans1.24%1.30%1.36%1.39%1.43%+20 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 Capital13.83%12.94%12.61%12.26%11.98%-185 bps
Equity / Assets17.69%18.49%17.62%17.24%16.46%-123 bps
Liquidity & Funding
Loans / Deposits89.07%91.96%88.19%98.04%96.04%+696 bps
Liquid Assets / Assets0.12%0.08%0.05%0.27%0.15%+3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a