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Midwest Guaranty Bank

Troy, MI · Cert 27425

FDIC

Q1 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: Q1 2004, the quarter ended March 31, 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

Midwest Guaranty Bank

Troy, MI · Cert 27425

FDIC

Q1 2004

$243.4MAssets
$207.5MLoans
$208.0MDeposits
$21.2MEquity
Loan mix
32%RE $29.8M67%C&I $61.2M1%Consumer $0.7MQ1 2003Q1 2004
Deposit mix
72%Interest-bearing $150.1M28%Noninterest $57.9MQ1 2003Q1 2004

NIM

6.37%Q1 ’025.96%Q1 ’035.58%Q1 ’04-5%-5%

Non-interest income vs. expense

4.34%Q1 ’023.73%Q1 ’033.31%Q1 ’04-13%-11%

Executive Summary

  • Earnings: ROA of 1.13%, up 13 bps year over year; NIM at 4.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 99.77% of deposits as of Q1 2004.

Financial Results

Return on Assets (YTD, annualized)

1.13%+13 bps YoY

Net Interest Margin (YTD, annualized)

4.62%-25 bps YoY

Efficiency Ratio (YTD, annualized)

64.06%-395 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets0.99%0.94%1.10%1.13%1.13%+13 bps
Return on Equity12.21%11.46%13.36%13.51%12.96%+75 bps
Net Interest Margin4.87%4.57%4.62%4.63%4.62%-25 bps
Efficiency Ratio68.00%70.82%67.37%66.73%64.06%-395 bps
Non-Interest Burden3.11%3.06%2.87%2.86%2.76%-35 bps
Growth
Asset Growth (YoY)29.31%28.60%25.03%16.21%9.88%-1,942 bps
Loan Growth (YoY)27.63%27.19%27.41%24.75%21.03%-660 bps
Deposit Growth (YoY)25.79%24.56%18.25%11.49%7.65%-1,813 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.10%-0.07%-0.02%-0.02%-1 bps
Allowance / Loans1.64%1.62%1.63%1.58%1.59%-4 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 Capital10.38%10.54%10.64%10.65%10.66%+28 bps
Equity / Assets7.91%8.29%8.43%8.69%8.72%+82 bps
Liquidity & Funding
Loans / Deposits88.75%91.21%96.60%103.14%99.77%+1,102 bps
Liquid Assets / Assets0.24%0.62%0.24%0.13%0.13%-11 bps
CRE / Total Capitaln/an/an/an/an/an/an/a