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Mackinac Savings Bank, F.S.B.

Boynton Beach, FL · Cert 33925

FDIC · 3 branches

Q1 2017

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: Q1 2017, the quarter ended March 31, 2017, 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

Mackinac Savings Bank, F.S.B.

Boynton Beach, FL · Cert 33925

FDIC · 3 branches

Q1 2017

$111.5MAssets
$73.4MLoans
$98.3MDeposits
$9.7MEquity
Deposit mix
96%Interest-bearing $94.6M4%Noninterest $3.7MQ1 2016Q1 2017

NIM

2.66%Q1 ’153.07%Q1 ’163.37%Q1 ’17+17%+10%

Non-interest income vs. expense

4.79%Q1 ’153.96%Q1 ’163.73%Q1 ’17+5%+3%

Market Position · Miami-Fort Lauderdale-West Palm Beach, FL · 2016 SOD (annual) · 0.0% share · #78 of 101 inst. · $0.1B of $225.9B

Executive Summary

  • Earnings: ROA of 0.45%, unchanged from a year ago; NIM at 2.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 8.64%, up 40 bps from a year ago.
  • Funding: loans stand at 74.68% of deposits as of Q1 2017.

Financial Results

Return on Assets (YTD, annualized)

0.45%0 bps YoY

Net Interest Margin (YTD, annualized)

2.88%+26 bps YoY

Efficiency Ratio (YTD, annualized)

88.96%-445 bps YoY

Tier 1 Leverage Ratio

8.64%+40 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2016Q2 2016Q3 2016Q4 2016Q1 2017YoY ΔTrend
Earnings
Return on Assets0.45%0.64%0.73%0.56%0.45%0 bps
Return on Equity5.43%7.57%8.55%6.57%5.15%-28 bps
Net Interest Margin2.62%2.60%2.71%2.66%2.88%+26 bps
Efficiency Ratio93.41%95.50%89.62%91.89%88.96%-445 bps
Non-Interest Burden2.33%2.42%2.23%2.27%2.40%+7 bps
Growth
Asset Growth (YoY)1.20%-4.44%0.92%2.36%1.00%-20 bps
Loan Growth (YoY)30.99%30.55%37.01%31.40%20.46%-1,053 bps
Deposit Growth (YoY)-2.01%-3.99%0.32%0.45%0.49%+250 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.41%-0.43%-0.28%-0.21%-0.02%+39 bps
Allowance / Loans0.97%0.72%0.72%0.74%0.76%-21 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio8.23%8.47%8.84%8.33%8.64%+40 bps
Total Risk-Based Capital29.06%27.89%26.48%25.03%25.38%-369 bps
Equity / Assets8.22%8.70%8.71%8.73%8.68%+47 bps
Liquidity & Funding
Loans / Deposits62.30%69.62%73.36%75.55%74.68%+1,238 bps
Liquid Assets / Assets43.39%36.00%32.81%30.53%32.40%-1,100 bps
CRE / Total Capitaln/an/an/an/an/an/an/a