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First National Bank of Gaylord

Gaylord, MI · Cert 22057

FDIC

Q2 2004

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2004, the quarter ended June 30, 2004, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First National Bank of Gaylord

Gaylord, MI · Cert 22057

FDIC

Q2 2004

$154.9MAssets
$103.6MLoans
$124.0MDeposits
$8.2MEquity
Loan mix
83%RE $55.7M16%C&I $10.8M0%Consumer $0.3MQ2 2003Q2 2004
Deposit mix
88%Interest-bearing $109.6M12%Noninterest $14.4MQ2 2003Q2 2004

NIM

7.50%Q2 ’026.31%Q2 ’035.42%Q2 ’04-10%-3%

Non-interest income vs. expense

2.61%Q2 ’023.32%Q2 ’033.66%Q2 ’04+18%+25%

Executive Summary

  • Earnings: ROA of -0.25%, up 112 bps year over year; NIM at 3.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.85%.
  • Funding: loans stand at 83.53% of deposits as of Q2 2004.

Financial Results

Return on Assets (YTD, annualized)

-0.25%+112 bps YoY

Net Interest Margin (YTD, annualized)

3.18%-9 bps YoY

Efficiency Ratio (YTD, annualized)

93.58%+1,543 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets-1.37%-0.93%-2.49%-0.51%-0.25%+112 bps
Return on Equity-21.57%-14.67%-40.58%-9.74%-4.83%+1,674 bps
Net Interest Margin3.27%3.21%3.37%2.96%3.18%-9 bps
Efficiency Ratio78.16%78.45%88.64%101.33%93.58%+1,543 bps
Non-Interest Burden2.34%2.29%2.87%3.01%2.93%+59 bps
Growth
Asset Growth (YoY)-0.78%-9.48%-18.94%-25.56%-26.55%-2,576 bps
Loan Growth (YoY)-12.66%-24.81%-31.04%-31.64%-30.42%-1,776 bps
Deposit Growth (YoY)4.18%-5.97%-16.41%-23.77%-24.60%-2,878 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.01%1.74%3.19%1.28%0.85%-16 bps
Allowance / Loans4.78%5.12%5.55%5.75%6.31%+153 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 Capital10.53%11.55%9.38%9.62%9.65%-88 bps
Equity / Assets5.96%6.23%5.13%5.39%5.32%-64 bps
Liquidity & Funding
Loans / Deposits90.52%84.00%87.31%86.46%83.53%-699 bps
Liquid Assets / Assets1.75%0.69%0.77%0.70%0.36%-139 bps
CRE / Total Capitaln/an/an/an/an/an/an/a