Grand Rapids, MI · Cert 27035
FDIC
Q4 2002
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2002, the quarter ended December 31, 2002, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Grand Rapids, MI · Cert 27035
FDIC
Q4 2002
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q1 2001 | Q2 2001 | Q3 2001 | Q4 2001 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.08% | 1.09% | 1.08% | 1.10% | -2.24% | 0.53% | 0.74% | 0.89% | -22 bps | |
| Return on Equity | n/a | n/a | n/a | n/a | -33.83% | 5.52% | 6.73% | 7.52% | n/a | |
| Net Interest Margin | 3.57% | 3.54% | 3.39% | 3.16% | 2.70% | 1.26% | 1.79% | 2.04% | -113 bps | |
| Efficiency Ratio | 61.32% | 61.48% | 60.14% | 63.66% | 161.43% | 50.13% | 50.51% | 49.57% | -1,409 bps | |
| Non-Interest Burden | 1.64% | 1.65% | 1.53% | 1.53% | 4.94% | 0.48% | 0.68% | 0.71% | -82 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 16.86% | 7.39% | 26.90% | 17.71% | 27.51% | 36.64% | 24.42% | 23.12% | +540 bps | |
| Loan Growth (YoY) | 22.12% | 22.61% | 26.38% | 29.38% | 29.79% | 26.96% | 20.50% | 16.28% | -1,310 bps | |
| Deposit Growth (YoY) | 17.39% | 5.06% | 25.55% | 14.74% | 27.13% | 24.05% | 9.57% | 11.91% | -282 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | -0.04% | -0.03% | -0.02% | -0.02% | 0.00% | 0.00% | 0.00% | 0.06% | +8 bps | |
| Allowance / Loans | 1.31% | 1.33% | 1.32% | 1.24% | 1.40% | 1.39% | 1.35% | 1.33% | +8 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 10.37% | 10.19% | 10.06% | 10.43% | 10.55% | 10.52% | 10.67% | 10.69% | +26 bps | |
| Equity / Assets | 6.85% | 7.01% | 6.57% | 6.55% | 6.69% | 14.84% | 15.04% | 14.57% | +802 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 99.32% | 103.88% | 103.67% | 104.05% | 101.40% | 106.32% | 114.01% | 108.12% | +406 bps | |
| Liquid Assets / Assets | 2.85% | 2.64% | 2.39% | 2.10% | 2.45% | 1.57% | 1.25% | 1.12% | -99 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |