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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

6.08%Q3 ’105.64%Q3 ’115.96%Q3 ’12+35%+20%

Non-interest income vs. expense

3.60%Q3 ’103.01%Q3 ’113.35%Q3 ’12-10%+43%

Executive Summary

  • Earnings: ROA of 0.79%, down 9 bps year over year; NIM at 5.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.74%.
  • Funding: loans stand at 93.23% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

0.79%-9 bps YoY

Net Interest Margin (quarter, annualized)

5.32%+88 bps YoY

Efficiency Ratio (quarter, annualized)

80.90%+1,055 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets0.88%0.46%0.71%0.53%0.79%-9 bps
Return on Equity9.46%4.68%6.59%4.40%5.69%-377 bps
Net Interest Margin4.44%4.67%4.65%4.87%5.32%+88 bps
Efficiency Ratio70.35%76.60%70.65%87.45%80.90%+1,055 bps
Non-Interest Burden3.18%3.67%3.31%4.33%4.53%+136 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 / Loans0.77%2.71%0.55%0.98%0.74%-3 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