Brighton, MI · Cert 34314
FDIC
Q4 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2008, the quarter ended December 31, 2008, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Brighton, MI · Cert 34314
FDIC
Q4 2008
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.54% | 0.59% | 0.57% | 0.58% | 0.74% | 0.79% | 0.41% | 0.33% | -25 bps | |
| Return on Equity | 6.15% | 6.64% | 6.42% | 6.55% | 8.44% | 8.91% | 4.78% | 3.82% | -273 bps | |
| Net Interest Margin | 3.67% | 3.76% | 3.78% | 3.77% | 3.59% | 3.69% | 3.73% | 3.54% | -23 bps | |
| Efficiency Ratio | 83.37% | 79.32% | 78.36% | 78.29% | 69.47% | 69.89% | 71.51% | 74.16% | -414 bps | |
| Non-Interest Burden | 3.02% | 2.91% | 2.89% | 2.88% | 2.41% | 2.50% | 2.60% | 2.56% | -32 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -2.66% | 0.54% | 3.95% | 4.57% | 5.19% | 4.60% | 8.21% | 5.30% | +73 bps | |
| Loan Growth (YoY) | -1.92% | 1.08% | 9.04% | 4.64% | 9.52% | 2.26% | -2.85% | 0.78% | -386 bps | |
| Deposit Growth (YoY) | -0.68% | -0.04% | -7.67% | -1.27% | -3.93% | -0.21% | 17.84% | 7.85% | +912 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 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% | 0.19% | +19 bps | |
| Allowance / Loans | 1.01% | 0.98% | 0.99% | 1.02% | 1.00% | 1.00% | 1.25% | 1.38% | +36 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 | 10.07% | 10.02% | 10.02% | 10.07% | 9.79% | 10.29% | 10.27% | 10.35% | +28 bps | |
| Equity / Assets | 8.71% | 8.96% | 8.93% | 8.85% | 8.75% | 9.02% | 8.06% | 8.38% | -47 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 102.75% | 109.45% | 121.20% | 111.98% | 117.15% | 112.16% | 99.92% | 104.64% | -734 bps | |
| Liquid Assets / Assets | 0.09% | 0.05% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 7.10% | +709 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |