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Brighton Commerce Bank

Brighton, MI · Cert 34314

FDIC

Q4 2008

$114.4MAssets
$100.4MLoans
$96.0MDeposits
$9.6MEquity
Loan mix
91%RE $74.4M9%C&I $6.9M0%Consumer $0.0MQ4 2007Q4 2008
Deposit mix
91%Interest-bearing $86.8M9%Noninterest $9.1MQ4 2007Q4 2008

NIM

7.29%Q4 ’067.25%Q4 ’076.07%Q4 ’08-6%-6%

Non-interest income vs. expense

3.05%Q4 ’063.20%Q4 ’072.81%Q4 ’08+5%-11%

Executive Summary

  • Earnings: ROA of 0.33%, down 25 bps year over year; NIM at 3.54%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.19%.
  • Funding: loans stand at 104.64% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

0.33%-25 bps YoY

Net Interest Margin (YTD, annualized)

3.54%-23 bps YoY

Efficiency Ratio (YTD, annualized)

74.16%-414 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 Assets0.58%0.74%0.79%0.41%0.33%-25 bps
Return on Equity6.55%8.44%8.91%4.78%3.82%-273 bps
Net Interest Margin3.77%3.59%3.69%3.73%3.54%-23 bps
Efficiency Ratio78.29%69.47%69.89%71.51%74.16%-414 bps
Non-Interest Burden2.88%2.41%2.50%2.60%2.56%-32 bps
Growth
Asset Growth (YoY)4.57%5.19%4.60%8.21%5.30%+73 bps
Loan Growth (YoY)4.64%9.52%2.26%-2.85%0.78%-386 bps
Deposit Growth (YoY)-1.27%-3.93%-0.21%17.84%7.85%+912 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.23%0.19%+19 bps
Allowance / Loans1.02%1.00%1.00%1.25%1.38%+36 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 Capital10.07%9.79%10.29%10.27%10.35%+28 bps
Equity / Assets8.85%8.75%9.02%8.06%8.38%-47 bps
Liquidity & Funding
Loans / Deposits111.98%117.15%112.16%99.92%104.64%-734 bps
Liquid Assets / Assets0.01%0.01%0.01%0.01%7.10%+709 bps
CRE / Total Capitaln/an/an/an/an/an/an/a