Mishawaka, IN · Cert 34324
FDIC
Q4 2006
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2006, the quarter ended December 31, 2006, 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.
Mishawaka, IN · Cert 34324
FDIC
Q4 2006
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 2005 | Q2 2005 | Q3 2005 | Q4 2005 | Q1 2006 | Q2 2006 | Q3 2006 | Q4 2006 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.90% | 0.89% | 0.88% | 0.86% | 0.56% | 0.59% | 0.64% | 0.58% | -29 bps | |
| Return on Equity | 12.13% | 11.99% | 11.71% | 11.60% | 7.49% | 8.00% | 8.51% | 7.66% | -394 bps | |
| Net Interest Margin | 2.64% | 2.58% | 2.50% | 2.47% | 2.23% | 2.10% | 2.05% | 2.02% | -45 bps | |
| Efficiency Ratio | 54.97% | 56.38% | 56.53% | 55.88% | 68.46% | 65.39% | 65.69% | 67.26% | +1,138 bps | |
| Non-Interest Burden | 1.38% | 1.39% | 1.36% | 1.32% | 1.46% | 1.30% | 1.27% | 1.29% | -3 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 34.35% | 41.97% | 32.44% | 20.46% | 11.78% | 10.10% | 5.86% | 2.92% | -1,754 bps | |
| Loan Growth (YoY) | 26.47% | 26.38% | 24.85% | 20.11% | 19.31% | 13.17% | 8.20% | -0.23% | -2,034 bps | |
| Deposit Growth (YoY) | 55.63% | 58.11% | 30.70% | 9.89% | 1.08% | 13.56% | 13.88% | 14.05% | +416 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% | 0.03% | 0.02% | +2 bps | |
| Allowance / Loans | 1.23% | 1.16% | 1.08% | 1.06% | 1.03% | 1.02% | 0.89% | 0.94% | -12 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 | 11.85% | 11.37% | 11.18% | 11.17% | 11.20% | 11.28% | 11.45% | 12.03% | +85 bps | |
| Equity / Assets | 7.78% | 7.56% | 7.63% | 7.26% | 7.70% | 7.22% | 7.82% | 7.65% | +38 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 88.41% | 92.88% | 98.95% | 98.20% | 104.35% | 92.55% | 94.01% | 85.90% | -1,230 bps | |
| Liquid Assets / Assets | 0.15% | 1.25% | 0.11% | 0.11% | 0.08% | 0.10% | 0.22% | 0.14% | +3 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |