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First Community

Parchment, MI · Charter 2885

Q4 2013

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: Q4 2013, the quarter ended December 31, 2013, 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: NCUA 5300 Call Report, 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 Community

Parchment, MI · Charter 2885

Q4 2013

$717.5MAssets
$405.8MLoans
$621.8MShares
$94.1MNet Worth

Executive Summary

  • Earnings: ROA of 0.51%, up 6 bps year over year; NIM at 2.47%.
  • Asset quality: problem loans at 1.14% of loans (+16 bps YoY).
  • Capital: net worth / assets of 13.12%, down 13 bps from a year ago.
  • Funding: loans stand at 65.26% of shares as of Q4 2013.

Return on Assets (YTD, annualized)

0.51%+6 bps YoY

Net Interest Margin (YTD, annualized)

2.47%-6 bps YoY

Efficiency Ratio (YTD, annualized)

83.27%-362 bps YoY

Net Worth / Assets

13.12%-13 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.62%0.52%0.64%0.45%0.66%0.76%0.76%0.51%+6 bps
Return on Equity4.93%4.01%4.77%3.38%5.07%5.80%5.70%3.88%+50 bps
Net Interest Margin2.79%2.83%2.84%2.53%2.71%2.72%2.76%2.47%-6 bps
Efficiency Ratio85.89%87.25%84.11%86.89%78.84%78.35%79.47%83.27%-362 bps
Growth
Asset Growth (YoY)7.33%5.08%2.89%3.15%2.07%3.84%3.53%5.14%+199 bps
Loan Growth (YoY)0.09%0.47%2.53%5.87%6.73%11.02%12.92%12.26%+639 bps
Share Growth (YoY)7.01%4.76%3.00%2.77%1.47%3.57%3.51%6.06%+329 bps
Asset Quality
Delinquent Loans / Loans1.72%1.73%0.61%0.98%0.93%1.31%1.12%1.14%+16 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.67%0.58%0.54%0.52%0.57%0.53%0.47%0.49%-2 bps
Capital
Risk-Based Capital12.48%13.03%13.31%13.25%13.00%13.10%13.40%13.12%-13 bps
Net Worth / Assets12.48%13.03%13.31%13.25%13.00%13.10%13.40%13.12%-13 bps
Liquidity & Funding
Loans / Shares56.87%56.94%60.12%61.66%59.82%61.04%65.59%65.26%+360 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps