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Fidelity Bank

Birmingham, MI · Cert 20367

FDIC

Q4 2006

$218.0MAssets
$177.2MLoans
$189.4MDeposits
$25.7MEquity
Loan mix
54%RE $23.2M46%C&I $19.5M0%Consumer $0.1MQ1 2005Q4 2006
Deposit mix
89%Interest-bearing $168.8M11%Noninterest $20.5MQ1 2005Q4 2006

Executive Summary

  • Earnings: ROA of 1.80%, down 41 bps year over year; NIM at 4.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.28%.
  • Funding: loans stand at 93.56% of deposits as of Q4 2006.

Return on Assets (YTD, annualized)

1.80%-41 bps YoY

Net Interest Margin (YTD, annualized)

4.93%+39 bps YoY

Efficiency Ratio (YTD, annualized)

60.31%+336 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.20%Q4 ’045.93%Q4 ’057.08%Q4 ’06+3%+9%

Non-interest income vs. expense

2.67%Q4 ’043.00%Q4 ’053.36%Q4 ’06+1%+25%

Year to date, annualized, through each quarter.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets2.27%2.18%2.26%2.21%2.10%1.95%2.00%1.80%-41 bps
Return on Equity22.66%22.22%23.16%22.52%20.32%19.02%19.29%16.94%-558 bps
Net Interest Margin4.64%4.58%4.52%4.54%4.76%4.63%4.60%4.93%+39 bps
Efficiency Ratio53.40%53.88%52.89%56.95%56.88%56.96%56.55%60.31%+336 bps
Non-Interest Burden2.26%2.32%2.22%2.28%2.45%2.55%2.47%2.85%+58 bps
Growth
Asset Growth (YoY)-2.74%5.85%3.51%2.87%-4.47%-4.83%-9.93%-11.89%-1,476 bps
Loan Growth (YoY)-0.09%1.97%-5.63%-6.61%-1.86%-6.07%0.26%-4.03%+258 bps
Deposit Growth (YoY)-2.63%7.05%4.58%5.22%-4.29%-4.65%-10.37%-12.82%-1,804 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%-0.06%0.11%0.09%0.60%0.45%0.31%0.28%+19 bps
Allowance / Loans0.99%1.00%0.97%0.97%0.85%0.84%0.88%0.96%-1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital12.82%12.52%13.03%13.12%13.05%13.15%13.46%14.45%+132 bps
Equity / Assets9.91%9.48%9.58%10.08%10.61%10.01%10.73%11.80%+171 bps
Liquidity & Funding
Loans / Deposits88.56%85.37%80.11%85.00%90.80%84.09%89.62%93.56%+857 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a