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Founders Trust Personal Bank

Grand Rapids, MI · Cert 33533

FDIC · 4 branches

Q4 2014

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2014, the quarter ended December 31, 2014, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Founders Trust Personal Bank

Grand Rapids, MI · Cert 33533

FDIC · 4 branches

Q4 2014

$459.7MAssets
$362.4MLoans
$376.1MDeposits
$42.6MEquity
Loan mix
82%RE $253.9M17%C&I $53.8M1%Consumer $2.7MQ4 2013Q4 2014
Deposit mix
79%Interest-bearing $298.5M21%Noninterest $77.5MQ4 2013Q4 2014

NIM

4.28%Q4 ’123.95%Q4 ’133.80%Q4 ’14-3%-2%

Non-interest income vs. expense

2.95%Q4 ’123.08%Q4 ’133.16%Q4 ’14+21%+16%

Market Position · Grand Rapids-Wyoming, MI · 2014 SOD (annual) · 2.1% share · #11 of 32 inst. · $0.4B of $17.9B

Executive Summary

  • Earnings: ROA of 1.08%, down 22 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 96.36% of deposits as of Q4 2014.

Financial Results

Return on Assets (YTD, annualized)

1.08%-22 bps YoY

Net Interest Margin (YTD, annualized)

3.34%-5 bps YoY

Efficiency Ratio (YTD, annualized)

69.03%+502 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets1.29%1.03%1.07%1.10%1.08%-22 bps
Return on Equity13.68%11.17%11.87%12.25%11.90%-178 bps
Net Interest Margin3.39%3.32%3.32%3.32%3.34%-5 bps
Efficiency Ratio64.01%69.87%68.61%67.89%69.03%+502 bps
Non-Interest Burden1.66%1.95%1.89%1.86%1.92%+26 bps
Growth
Asset Growth (YoY)0.80%2.48%-0.43%4.84%0.83%+3 bps
Loan Growth (YoY)0.09%5.44%4.81%8.43%8.50%+841 bps
Deposit Growth (YoY)-1.47%-0.12%-1.93%4.59%2.17%+364 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.14%-0.02%0.02%0.00%0.03%-12 bps
Allowance / Loans1.21%1.19%1.16%1.16%1.14%-7 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 Capital14.04%13.26%12.80%12.97%13.19%-85 bps
Equity / Assets9.44%8.97%8.73%8.81%9.27%-17 bps
Liquidity & Funding
Loans / Deposits90.74%91.53%93.62%92.10%96.36%+562 bps
Liquid Assets / Assets1.12%0.73%0.37%2.26%0.04%-108 bps
CRE / Total Capitaln/an/an/an/an/an/an/a