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Bank of Bloomfield Hills, The

Bloomfield Hills, MI · Cert 27602

FDIC

Q1 2009

$1.2BAssets
$799.8MLoans
$707.4MDeposits
$132.9MEquity
Loan mix
67%RE $398.9M31%C&I $186.9M1%Consumer $8.3MQ1 2008Q1 2009
Deposit mix
94%Interest-bearing $663.5M6%Noninterest $43.9MQ1 2008Q1 2009

NIM

6.66%Q1 ’075.96%Q1 ’084.34%Q1 ’09-11%-15%

Non-interest income vs. expense

1.95%Q1 ’071.76%Q1 ’081.47%Q1 ’09-8%-12%

Executive Summary

  • Earnings: ROA of -0.50%, down 18 bps year over year; NIM at 2.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.13%.
  • Funding: loans stand at 113.06% of deposits as of Q1 2009.

Financial Results

Return on Assets (quarter, annualized)

-0.50%-18 bps YoY

Net Interest Margin (quarter, annualized)

2.36%-41 bps YoY

Efficiency Ratio (quarter, annualized)

54.49%+79 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets-0.32%0.07%-0.56%-5.39%-0.50%-18 bps
Return on Equity-2.23%0.52%-3.98%-42.42%-4.39%-216 bps
Net Interest Margin2.76%2.72%3.11%2.50%2.36%-41 bps
Efficiency Ratio53.70%53.45%41.33%60.02%54.49%+79 bps
Non-Interest Burden1.35%1.31%1.17%1.42%1.19%-16 bps
Growth
Asset Growth (YoY)44.59%31.49%44.04%58.74%37.48%-711 bps
Loan Growth (YoY)24.70%37.12%43.12%29.95%23.47%-123 bps
Deposit Growth (YoY)49.69%20.66%27.01%30.23%4.23%-4,546 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.66%1.36%0.12%12.86%1.13%+47 bps
Allowance / Loans1.51%1.35%2.01%1.75%2.10%+59 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 Capital11.57%11.51%11.43%11.02%11.21%-35 bps
Equity / Assets13.21%14.49%13.89%11.73%11.19%-202 bps
Liquidity & Funding
Loans / Deposits95.44%124.19%127.74%124.25%113.06%+1,762 bps
Liquid Assets / Assets0.00%0.00%0.12%0.08%0.84%+84 bps
CRE / Total Capitaln/an/an/an/an/an/an/a