Farmington Hills, MI · Cert 32195
FDIC
Q4 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2008, the quarter ended December 31, 2008, 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.
Farmington Hills, MI · Cert 32195
FDIC
Q4 2008
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 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -0.24% | 0.08% | -0.61% | -0.76% | -0.81% | -0.94% | -5.22% | -4.22% | -346 bps | |
| Return on Equity | -3.05% | 1.06% | -7.64% | -9.63% | -9.87% | -11.86% | -71.12% | -54.13% | -4,450 bps | |
| Net Interest Margin | 3.83% | 3.76% | 3.93% | 4.18% | 2.89% | 2.90% | 2.86% | 2.85% | -133 bps | |
| Efficiency Ratio | 66.15% | 68.66% | 67.88% | 69.64% | 103.75% | 111.61% | 112.26% | 121.44% | +5,180 bps | |
| Non-Interest Burden | 2.44% | 2.48% | 2.56% | 2.79% | 3.01% | 3.26% | 3.24% | 3.52% | +73 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 9.66% | -3.99% | -16.53% | -19.29% | -23.61% | -12.32% | -15.09% | -14.42% | +487 bps | |
| Loan Growth (YoY) | 12.68% | -0.36% | -14.28% | -17.12% | -25.09% | -26.34% | -21.37% | -21.22% | -410 bps | |
| Deposit Growth (YoY) | 26.38% | 13.19% | 4.64% | -6.97% | -31.89% | -10.75% | -15.84% | -12.60% | -564 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 1.34% | 0.91% | 1.44% | 1.99% | 1.35% | 1.26% | 4.03% | 3.65% | +166 bps | |
| Allowance / Loans | 1.44% | 1.55% | 2.45% | 2.50% | 2.70% | 2.93% | 6.96% | 6.74% | +424 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 10.23% | 10.21% | 10.13% | 9.52% | 10.34% | 11.02% | 7.52% | 11.15% | +164 bps | |
| Equity / Assets | 7.93% | 7.99% | 8.08% | 7.80% | 8.57% | 7.46% | 5.37% | 9.79% | +199 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 113.97% | 115.87% | 113.38% | 118.08% | 125.36% | 95.63% | 105.93% | 106.43% | -1,164 bps | |
| Liquid Assets / Assets | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 2.83% | 6.20% | +619 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |