New Buffalo, MI · Cert 33468
FDIC
Q1 2005
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2005, the quarter ended March 31, 2005, 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.
New Buffalo, MI · Cert 33468
FDIC
Q1 2005
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 | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | Q3 2004 | Q4 2004 | Q1 2005 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.41% | 0.38% | 0.48% | 0.19% | 0.17% | 0.40% | 0.11% | 0.49% | +30 bps | |
| Return on Equity | 5.30% | 4.93% | 6.18% | 2.27% | 2.06% | 4.96% | 1.40% | 5.81% | +354 bps | |
| Net Interest Margin | 3.12% | 3.08% | 3.31% | 3.37% | 3.34% | 3.31% | 3.36% | 3.62% | +25 bps | |
| Efficiency Ratio | 83.08% | 84.27% | 84.80% | 88.45% | 91.78% | 85.21% | 92.65% | 81.48% | -697 bps | |
| Non-Interest Burden | 2.34% | 2.37% | 2.60% | 2.87% | 2.96% | 2.65% | 3.04% | 2.81% | -6 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -4.52% | 3.71% | -8.23% | 0.58% | -5.57% | 5.59% | 2.74% | -3.30% | -389 bps | |
| Loan Growth (YoY) | -13.58% | -13.11% | -8.34% | -7.13% | -3.10% | 5.21% | 7.46% | 11.72% | +1,884 bps | |
| Deposit Growth (YoY) | 9.27% | 12.43% | -4.76% | 3.68% | -5.35% | 7.94% | 5.35% | -2.62% | -630 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 | 0.30% | 0.49% | 0.42% | 1.40% | 0.71% | 0.38% | 0.25% | 0.10% | -131 bps | |
| Allowance / Loans | 1.81% | 1.68% | 1.64% | 1.47% | 1.47% | 1.46% | 1.73% | 1.74% | +26 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 | 12.89% | 13.19% | 13.82% | 13.68% | 13.89% | 13.16% | 13.38% | 13.43% | -25 bps | |
| Equity / Assets | 7.96% | 7.57% | 8.55% | 8.10% | 8.18% | 7.70% | 8.52% | 8.31% | +20 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 75.24% | 72.12% | 80.00% | 70.64% | 77.03% | 70.30% | 81.61% | 81.04% | +1,040 bps | |
| Liquid Assets / Assets | 4.85% | 5.65% | 0.43% | 8.62% | 2.20% | 11.22% | 0.40% | 0.34% | -828 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |