Midland, MI · Cert 28918
FDIC · 3 branches
Q3 2017
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2017, the quarter ended September 30, 2017, 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.
Midland, MI · Cert 28918
FDIC · 3 branches
Q3 2017
Market Position · Midland, MI · 2017 SOD (annual) · 11.5% share · #2 of 7 inst. · $0.2B of $2.0B
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 | Q4 2015 | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.92% | 1.00% | 1.14% | 1.28% | 1.17% | 1.42% | 1.74% | 1.86% | +58 bps | |
| Return on Equity | 5.48% | 6.65% | 7.33% | 8.02% | 7.52% | 9.37% | 11.24% | 11.82% | +380 bps | |
| Net Interest Margin | 3.44% | 3.24% | 3.33% | 3.57% | 3.54% | 3.42% | 3.68% | 4.01% | +45 bps | |
| Efficiency Ratio | 55.85% | 52.55% | 52.03% | 52.37% | 53.24% | 51.52% | 54.68% | 52.50% | +13 bps | |
| Non-Interest Burden | 1.79% | 1.61% | 1.64% | 1.76% | 1.78% | 1.70% | 1.92% | 2.02% | +26 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 24.10% | 9.33% | 5.78% | 7.76% | 3.92% | -1.56% | 2.29% | 4.12% | -364 bps | |
| Loan Growth (YoY) | 6.63% | 13.03% | 10.32% | 2.31% | 1.51% | -3.02% | -6.07% | -2.47% | -478 bps | |
| Deposit Growth (YoY) | 26.45% | 19.11% | 11.93% | 10.46% | -0.06% | -1.25% | -0.69% | 5.83% | -463 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.53% | 1.39% | 1.28% | +128 bps | |
| Net Charge-Offs / Loans | -0.39% | 0.04% | 0.02% | -0.01% | -0.01% | -0.01% | -0.01% | -0.33% | -33 bps | |
| Allowance / Loans | 3.09% | 2.99% | 2.87% | 2.87% | 2.82% | 2.69% | 2.27% | 2.29% | -57 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | 1.8x | 1.6x | 1.8x | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 16.09% | 15.38% | 16.00% | 17.02% | 16.24% | 16.64% | 16.98% | 17.43% | +41 bps | |
| Total Risk-Based Capital | 20.83% | 21.52% | 21.95% | 23.78% | 21.41% | 22.61% | 21.54% | 22.90% | -88 bps | |
| Equity / Assets | 14.37% | 15.86% | 16.53% | 17.34% | 14.06% | 16.49% | 15.97% | 16.62% | -73 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 114.09% | 121.02% | 128.04% | 126.46% | 115.89% | 118.86% | 121.10% | 116.55% | -991 bps | |
| Liquid Assets / Assets | 17.86% | 12.77% | 9.01% | 11.54% | 23.64% | 13.79% | 15.59% | 14.90% | +336 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |