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Keystone Community Bank

Kalamazoo, MI · Cert 34387

FDIC

Q1 2014

$250.2MAssets
$171.9MLoans
$206.0MDeposits
$37.9MEquity
Loan mix
61%RE $83.5M37%C&I $50.3M3%Consumer $3.7MQ2 2012Q1 2014
Deposit mix
77%Interest-bearing $159.1M23%Noninterest $46.9MQ2 2012Q1 2014

Executive Summary

  • Earnings: ROA of 0.60%, down 8 bps year over year; NIM at 3.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.73%.
  • Funding: loans stand at 83.45% of deposits as of Q1 2014.

Return on Assets (quarter, annualized)

0.60%-8 bps YoY

Net Interest Margin (quarter, annualized)

3.32%-23 bps YoY

Efficiency Ratio (quarter, annualized)

74.20%+952 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.45%Q1 ’123.85%Q1 ’133.54%Q1 ’14-10%-6%

Non-interest income vs. expense

2.53%Q1 ’122.64%Q1 ’132.69%Q1 ’14+3%+12%

Discrete quarter, annualized.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.61%1.26%0.79%0.68%0.91%0.80%1.39%0.60%-8 bps
Return on Equity3.70%7.39%4.61%3.95%5.12%4.82%9.06%4.00%+5 bps
Net Interest Margin3.86%3.92%3.86%3.55%3.54%3.54%3.54%3.32%-23 bps
Efficiency Ratio58.05%58.82%57.33%64.68%62.95%69.53%67.66%74.20%+952 bps
Non-Interest Burden2.08%2.11%1.94%2.16%1.97%2.36%2.27%2.41%+26 bps
Growth
Asset Growth (YoY)-6.81%-8.69%-2.12%-4.44%-1.64%0.13%1.77%3.00%+744 bps
Loan Growth (YoY)-7.01%-4.68%-4.75%-6.85%-5.29%-2.00%-2.56%-0.77%+608 bps
Deposit Growth (YoY)-8.87%-14.61%-5.05%-6.30%-2.80%4.80%4.35%6.27%+1,257 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 / Loans0.50%0.41%0.36%0.31%0.39%-0.20%1.58%0.73%+42 bps
Allowance / Loans2.95%2.85%3.06%3.20%3.16%3.15%2.55%2.39%-81 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 Capital14.88%15.38%15.82%16.72%16.77%13.38%13.94%13.44%-327 bps
Equity / Assets16.73%17.39%16.92%17.64%17.82%15.58%15.10%15.15%-248 bps
Liquidity & Funding
Loans / Deposits92.88%96.13%88.35%89.36%90.50%89.90%82.50%83.45%-591 bps
Liquid Assets / Assets2.92%1.94%4.59%7.34%5.10%2.23%9.33%4.91%-243 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a