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Northwestern Savings Bank & Trust

Traverse City, MI · Cert 30792

FDIC · 25 branches

Q3 2014

$862.0MAssets
$514.0MLoans
$779.6MDeposits
$79.2MEquity
Loan mix
86%RE $363.9M13%C&I $55.1M1%Consumer $6.1MQ3 2013Q3 2014
Deposit mix
93%Interest-bearing $727.4M7%Noninterest $52.3MQ3 2013Q3 2014

NIM

3.78%Q3 ’123.26%Q3 ’133.05%Q3 ’14-12%-5%

Non-interest income vs. expense

5.79%Q3 ’124.47%Q3 ’133.96%Q3 ’14-47%+21%

Executive Summary

  • Earnings: ROA of 0.78%, up 11 bps year over year; NIM at 2.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.67%.
  • Funding: loans stand at 65.93% of deposits as of Q3 2014.

Financial Results

Return on Assets (quarter, annualized)

0.78%+11 bps YoY

Net Interest Margin (quarter, annualized)

2.92%-15 bps YoY

Efficiency Ratio (quarter, annualized)

75.77%+342 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets0.67%0.37%0.22%0.56%0.78%+11 bps
Return on Equity7.68%4.15%2.42%6.11%8.48%+80 bps
Net Interest Margin3.06%3.08%3.02%2.91%2.92%-15 bps
Efficiency Ratio72.35%93.92%90.35%81.44%75.77%+342 bps
Non-Interest Burden1.36%2.74%2.52%1.96%1.65%+29 bps
Growth
Asset Growth (YoY)-0.10%-1.68%-0.42%0.60%-0.59%-49 bps
Loan Growth (YoY)-18.10%-17.24%-13.25%-7.15%-1.14%+1,696 bps
Deposit Growth (YoY)0.96%-1.82%-0.49%0.42%-1.13%-209 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.02%0.35%-0.11%0.48%-0.67%-169 bps
Allowance / Loans3.25%3.16%3.32%3.12%3.32%+8 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 Capital13.86%14.57%14.91%14.77%15.21%+134 bps
Equity / Assets8.66%9.06%9.12%9.14%9.19%+53 bps
Liquidity & Funding
Loans / Deposits65.94%66.78%65.29%66.95%65.93%-1 bps
Liquid Assets / Assets26.50%26.19%26.94%27.13%29.83%+333 bps
CRE / Total Capitaln/an/an/an/an/an/an/a