PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Select Bank

Grand Rapids, MI · Cert 34127

FDIC

Q3 2012

$58.4MAssets
$46.2MLoans
$49.6MDeposits
$8.7MEquity
Loan mix
79%RE $25.4M21%C&I $6.6M1%Consumer $0.2MQ3 2011Q3 2012
Deposit mix
90%Interest-bearing $44.4M10%Noninterest $5.2MQ3 2011Q3 2012

NIM

6.22%Q3 ’105.75%Q3 ’116.38%Q3 ’12+38%+30%

Non-interest income vs. expense

3.45%Q3 ’103.06%Q3 ’113.82%Q3 ’12-15%+40%

Executive Summary

  • Earnings: ROA of 0.68%, up 9 bps year over year; NIM at 5.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.86%.
  • Funding: loans stand at 93.23% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

0.68%+9 bps YoY

Net Interest Margin (YTD, annualized)

5.47%+125 bps YoY

Efficiency Ratio (YTD, annualized)

79.16%+436 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets0.59%0.56%0.71%0.63%0.68%+9 bps
Return on Equity6.55%6.07%6.59%5.51%5.58%-96 bps
Net Interest Margin4.22%4.40%4.65%4.94%5.47%+125 bps
Efficiency Ratio74.80%75.25%70.65%78.46%79.16%+436 bps
Non-Interest Burden3.18%3.36%3.31%3.94%4.46%+128 bps
Growth
Asset Growth (YoY)-4.94%-8.37%-8.19%-18.53%-26.09%-2,114 bps
Loan Growth (YoY)-8.25%-8.09%-9.13%-13.55%-25.41%-1,716 bps
Deposit Growth (YoY)-5.95%-5.98%-6.90%-18.64%-27.37%-2,142 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.04%2.25%0.55%0.79%0.86%-118 bps
Allowance / Loans2.45%2.01%2.15%2.07%2.24%-21 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 Capital12.90%13.30%15.16%16.38%19.48%+658 bps
Equity / Assets9.58%10.13%11.37%12.99%14.89%+531 bps
Liquidity & Funding
Loans / Deposits90.78%89.36%88.42%94.57%93.23%+245 bps
Liquid Assets / Assets5.93%0.20%6.60%2.59%4.38%-156 bps
CRE / Total Capitaln/an/an/an/an/an/an/a