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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 $0.0MQ1 2007Q4 2008
Deposit mix
91%Interest-bearing $86.8M9%Noninterest $9.1MQ1 2007Q4 2008

Executive Summary

  • Earnings: ROA of 0.08%, down 53 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 104.64% of deposits as of Q4 2008.

Return on Assets (quarter, annualized)

0.08%-53 bps YoY

Net Interest Margin (quarter, annualized)

3.44%-48 bps YoY

Efficiency Ratio (quarter, annualized)

82.38%+428 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

7.50%Q4 ’067.47%Q4 ’075.72%Q4 ’08+1%-12%

Non-interest income vs. expense

3.07%Q4 ’063.33%Q4 ’073.04%Q4 ’08+11%-7%

Discrete quarter, annualized.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets0.54%0.64%0.54%0.61%0.74%0.84%-0.30%0.08%-53 bps
Return on Equity6.15%7.20%6.05%6.82%8.44%9.43%-3.51%0.92%-591 bps
Net Interest Margin3.67%3.90%3.98%3.93%3.59%3.86%3.81%3.44%-48 bps
Efficiency Ratio83.37%75.75%76.52%78.10%69.47%70.27%74.65%82.38%+428 bps
Non-Interest Burden3.02%2.83%2.99%2.99%2.41%2.64%2.77%2.79%-20 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 / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.71%0.06%+6 bps
Allowance / Loans1.01%0.98%0.99%1.02%1.00%1.00%1.25%1.38%+36 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital10.07%10.02%10.02%10.07%9.79%10.29%10.27%10.35%+28 bps
Equity / Assets8.71%8.96%8.93%8.85%8.75%9.02%8.06%8.38%-47 bps
Liquidity & Funding
Loans / Deposits102.75%109.45%121.20%111.98%117.15%112.16%99.92%104.64%-734 bps
Liquid Assets / Assets0.09%0.05%0.01%0.01%0.01%0.01%0.01%7.10%+709 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a