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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

7.34%Q4 ’066.43%Q4 ’074.23%Q4 ’08-26%-42%

Non-interest income vs. expense

2.83%Q4 ’063.07%Q4 ’073.32%Q4 ’08+9%+71%

Executive Summary

  • Earnings: ROA of -6.14%, down 498 bps year over year; NIM at 1.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.44%.
  • Funding: loans stand at 104.68% of deposits as of Q4 2008.

Financial Results

Return on Assets (quarter, annualized)

-6.14%-498 bps YoY

Net Interest Margin (quarter, annualized)

1.34%-96 bps YoY

Efficiency Ratio (quarter, annualized)

207%+8,301 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets-1.16%-3.77%-2.82%-8.08%-6.14%-498 bps
Return on Equity-13.16%-43.83%-26.84%-69.89%-56.33%-4,318 bps
Net Interest Margin2.30%2.72%1.63%2.42%1.34%-96 bps
Efficiency Ratio124.37%119.49%176.48%165.43%207%+8,301 bps
Non-Interest Burden2.90%3.29%3.04%3.97%4.96%+206 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 / Loans0.05%3.16%0.12%8.85%3.44%+340 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