PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank West

Grand Rapids, MI · Cert 29951

FDIC

Q2 2001

$279.9MAssets
$233.8MLoans
$174.5MDeposits
$23.0MEquity
Loan mix
83%RE $133.2M17%C&I $26.8M0%Consumer $0.1MQ2 2000Q2 2001
Deposit mix
94%Interest-bearing $164.5M6%Noninterest $10.0MQ2 2000Q2 2001

NIM

7.95%Q1 ’017.73%Q2 ’01-2%

Non-interest income vs. expense

1.98%Q1 ’012.05%Q2 ’01-3%

Executive Summary

  • Earnings: ROA of 0.61%, up 9 bps year over year; NIM at 2.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 133.95% of deposits as of Q2 2001.

Financial Results

Return on Assets (YTD, annualized)

0.61%+9 bps YoY

Net Interest Margin (YTD, annualized)

2.72%

Efficiency Ratio (YTD, annualized)

65.35%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2000Q3 2000Q4 2000Q1 2001Q2 2001YoY ΔTrend
Earnings
Return on Assets0.52%0.51%0.52%0.62%0.61%+9 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/an/an/a2.78%2.72%n/a
Efficiency Ration/an/an/a64.33%65.35%n/a
Non-Interest Burdenn/an/an/a1.68%1.63%n/a
Growth
Asset Growth (YoY)30.51%26.46%19.63%8.91%4.51%-2,600 bps
Loan Growth (YoY)43.16%40.28%27.87%19.44%10.65%-3,252 bps
Deposit Growth (YoY)19.96%32.27%27.87%23.98%11.88%-808 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/a0.01%0.05%n/a
Allowance / Loansn/an/an/a0.52%0.56%n/a
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 Capitaln/an/an/a12.26%11.81%n/a
Equity / Assetsn/an/an/a8.14%8.20%n/a
Liquidity & Funding
Loans / Deposits135.45%134.03%131.36%132.74%133.95%-149 bps
Liquid Assets / Assets0.00%0.00%0.00%0.82%1.23%+123 bps
CRE / Total Capitaln/an/an/an/an/an/an/a