Grand Haven, MI · Cert 34008
FDIC
Q4 2008
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.73% | 0.42% | 0.40% | -0.05% | -0.20% | -3.26% | -7.09% | -0.14% | -9 bps | |
| Return on Equity | 8.46% | 4.94% | 4.93% | -0.68% | -2.50% | -43.71% | -101.76% | -2.00% | -133 bps | |
| Net Interest Margin | 3.82% | 3.58% | 3.43% | 2.93% | 3.06% | 2.79% | 2.05% | 2.42% | -51 bps | |
| Efficiency Ratio | 67.10% | 66.32% | 65.01% | 76.41% | 70.25% | 63.14% | 114.22% | 108.86% | +3,245 bps | |
| Non-Interest Burden | 2.45% | 2.27% | 2.08% | 2.18% | 2.06% | 1.65% | 2.33% | 2.62% | +44 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -1.53% | 3.72% | 4.29% | 1.66% | 6.34% | -1.57% | -12.97% | -8.00% | -966 bps | |
| Loan Growth (YoY) | -0.90% | 2.70% | 7.71% | 1.82% | -1.59% | -5.44% | -15.04% | -15.32% | -1,714 bps | |
| Deposit Growth (YoY) | 5.21% | 4.44% | 3.15% | -2.10% | 0.42% | -0.58% | -11.04% | -4.16% | -206 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 | 0.25% | 0.68% | 1.41% | 0.31% | 1.33% | 1.16% | 10.00% | 1.07% | +76 bps | |
| Allowance / Loans | 2.19% | 2.17% | 1.96% | 2.16% | 2.25% | 3.77% | 4.56% | 4.43% | +227 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 | 10.48% | 10.21% | 10.04% | 9.97% | 10.01% | 9.35% | 8.59% | 9.55% | -42 bps | |
| Equity / Assets | 8.66% | 8.25% | 8.10% | 7.99% | 7.68% | 7.23% | 6.68% | 7.45% | -54 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 106.99% | 104.55% | 105.16% | 107.27% | 104.85% | 99.43% | 100.43% | 94.77% | -1,250 bps | |
| Liquid Assets / Assets | 0.05% | 0.05% | 0.03% | 0.02% | 0.01% | 0.04% | 0.02% | 8.38% | +837 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |