PackageTrendsPeer
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Chemical Bank South

Marshall, MI · Cert 20433

FDIC

Q3 2001

$72.7MAssets
$38.5MLoans
$62.6MDeposits
$7.5MEquity
Loan mix
96%RE $21.4M4%C&I $0.9M0%Consumer $0.0MQ3 2000Q3 2001
Deposit mix
76%Interest-bearing $47.9M24%Noninterest $14.8MQ3 2000Q3 2001

NIM

6.51%Q1 ’016.48%Q2 ’016.31%Q3 ’01+1%-1%

Non-interest income vs. expense

3.39%Q1 ’013.40%Q2 ’013.32%Q3 ’01+7%-2%

Executive Summary

  • Earnings: ROA of 1.20%, up 6 bps year over year; NIM at 4.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 61.42% of deposits as of Q3 2001.

Financial Results

Return on Assets (YTD, annualized)

1.20%+6 bps YoY

Net Interest Margin (YTD, annualized)

4.12%

Efficiency Ratio (YTD, annualized)

65.18%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets1.14%1.13%1.29%1.20%1.20%+6 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/an/a4.15%4.18%4.12%n/a
Efficiency Ration/an/a64.04%65.64%65.18%n/a
Non-Interest Burdenn/an/a2.24%2.40%2.34%n/a
Growth
Asset Growth (YoY)-2.79%-3.33%-6.69%-3.69%3.56%+635 bps
Loan Growth (YoY)3.08%4.16%7.42%7.51%6.18%+311 bps
Deposit Growth (YoY)-2.56%-2.12%-5.94%1.08%2.48%+504 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.00%0.15%0.14%n/a
Allowance / Loansn/an/a1.84%1.69%1.71%n/a
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 Capitaln/an/a18.06%17.77%17.87%n/a
Equity / Assetsn/an/a10.49%10.35%10.33%n/a
Liquidity & Funding
Loans / Deposits59.28%59.16%62.60%64.95%61.42%+214 bps
Liquid Assets / Assets0.00%0.00%9.84%10.09%7.56%+756 bps
CRE / Total Capitaln/an/an/an/an/an/an/a