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Alliance Banking Company

New Buffalo, MI · Cert 33468

FDIC

Q1 2005

$132.1MAssets
$94.5MLoans
$116.6MDeposits
$11.0MEquity
Loan mix
87%RE $32.4M12%C&I $4.6M0%Consumer $0.1MQ1 2004Q1 2005
Deposit mix
90%Interest-bearing $104.8M10%Noninterest $11.8MQ1 2004Q1 2005

NIM

5.15%Q1 ’034.71%Q1 ’045.19%Q1 ’05+4%+8%

Non-interest income vs. expense

4.01%Q1 ’033.77%Q1 ’043.56%Q1 ’05+11%-2%

Executive Summary

  • Earnings: ROA of 0.49%, up 30 bps year over year; NIM at 3.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 81.04% of deposits as of Q1 2005.

Financial Results

Return on Assets (YTD, annualized)

0.49%+30 bps YoY

Net Interest Margin (YTD, annualized)

3.62%+25 bps YoY

Efficiency Ratio (YTD, annualized)

81.48%-697 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.19%0.17%0.40%0.11%0.49%+30 bps
Return on Equity2.27%2.06%4.96%1.40%5.81%+354 bps
Net Interest Margin3.37%3.34%3.31%3.36%3.62%+25 bps
Efficiency Ratio88.45%91.78%85.21%92.65%81.48%-697 bps
Non-Interest Burden2.87%2.96%2.65%3.04%2.81%-6 bps
Growth
Asset Growth (YoY)0.58%-5.57%5.59%2.74%-3.30%-389 bps
Loan Growth (YoY)-7.13%-3.10%5.21%7.46%11.72%+1,884 bps
Deposit Growth (YoY)3.68%-5.35%7.94%5.35%-2.62%-630 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.40%0.71%0.38%0.25%0.10%-131 bps
Allowance / Loans1.47%1.47%1.46%1.73%1.74%+26 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 Capital13.68%13.89%13.16%13.38%13.43%-25 bps
Equity / Assets8.10%8.18%7.70%8.52%8.31%+20 bps
Liquidity & Funding
Loans / Deposits70.64%77.03%70.30%81.61%81.04%+1,040 bps
Liquid Assets / Assets8.62%2.20%11.22%0.40%0.34%-828 bps
CRE / Total Capitaln/an/an/an/an/an/an/a