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Macomb Community Bank

Clinton Township, MI · Cert 34262

FDIC

Q4 2008

$92.2MAssets
$82.5MLoans
$78.8MDeposits
$10.4MEquity
Loan mix
75%RE $56.6M25%C&I $18.8M0%Consumer $0.0MQ4 2007Q4 2008
Deposit mix
90%Interest-bearing $70.9M10%Noninterest $7.9MQ4 2007Q4 2008

NIM

7.16%Q4 ’066.70%Q4 ’075.02%Q4 ’08-27%-22%

Non-interest income vs. expense

2.89%Q4 ’063.06%Q4 ’073.38%Q4 ’08+9%+33%

Executive Summary

  • Earnings: ROA of -5.22%, down 405 bps year over year; NIM at 1.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.06%.
  • Funding: loans stand at 104.68% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-5.22%-405 bps YoY

Net Interest Margin (YTD, annualized)

1.97%-56 bps YoY

Efficiency Ratio (YTD, annualized)

207%+9,800 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets-1.17%-3.77%-3.27%-4.90%-5.22%-405 bps
Return on Equity-13.16%-43.83%-32.88%-48.55%-50.56%-3,739 bps
Net Interest Margin2.53%2.72%2.19%2.20%1.97%-56 bps
Efficiency Ratio109.38%119.49%141.45%149.64%207%+9,800 bps
Non-Interest Burden2.79%3.29%3.18%3.34%3.72%+93 bps
Growth
Asset Growth (YoY)-8.34%-4.58%4.13%-3.01%-0.75%+759 bps
Loan Growth (YoY)-0.80%-3.00%1.96%-5.97%-6.05%-525 bps
Deposit Growth (YoY)-5.03%-5.81%2.75%5.99%-5.12%-9 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.94%3.16%1.58%4.02%4.06%+312 bps
Allowance / Loans2.60%3.26%3.85%4.56%5.54%+293 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 Capital9.85%7.94%12.75%10.73%9.98%+13 bps
Equity / Assets8.85%8.34%12.60%10.52%11.27%+242 bps
Liquidity & Funding
Loans / Deposits105.72%112.03%115.10%111.76%104.68%-103 bps
Liquid Assets / Assets1.08%1.12%1.08%1.07%4.15%+307 bps
CRE / Total Capitaln/an/an/an/an/an/an/a