PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Old Kent Bank, National Association

Jonesville, MI · Cert 34434

FDIC

Q3 2003

$8.2BAssets
$4.5BLoans
$4.7BDeposits
$1.1BEquity
Loan mix
25%RE $0.5B73%C&I $1.5B2%Consumer $0.0BQ4 2001Q3 2003
Deposit mix
76%Interest-bearing $3.6B24%Noninterest $1.1BQ4 2001Q3 2003

Executive Summary

  • Earnings: ROA of 0.88%, down 61 bps year over year; NIM at 2.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.50%.
  • Funding: loans stand at 95.28% of deposits as of Q3 2003.

Return on Assets (YTD, annualized)

0.88%-61 bps YoY

Net Interest Margin (YTD, annualized)

2.84%-4 bps YoY

Efficiency Ratio (YTD, annualized)

58.65%+1,259 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

7.69%Q3 ’015.38%Q3 ’024.65%Q3 ’03-13%-1%

Non-interest income vs. expense

2.42%Q3 ’012.01%Q3 ’022.68%Q3 ’03-47%+80%

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets2.08%1.26%1.34%1.48%1.44%1.01%0.68%0.88%-61 bps
Return on Equityn/a10.20%10.62%11.51%11.15%7.61%5.08%6.57%-494 bps
Net Interest Margin3.10%2.97%2.97%2.89%2.89%2.71%2.80%2.84%-4 bps
Efficiency Ratio50.79%48.54%47.48%46.06%46.50%50.74%63.10%58.65%+1,259 bps
Non-Interest Burden0.89%0.78%0.71%0.53%0.54%0.57%1.14%0.96%+43 bps
Growth
Asset Growth (YoY)6142%5948%1.15%-3.29%-5.11%-6.07%-6.39%-2.72%+57 bps
Loan Growth (YoY)2658%2522%-3.29%1.53%7.64%10.39%19.41%19.29%+1,776 bps
Deposit Growth (YoY)3886%4020%-1.06%-5.29%-4.75%-6.42%-7.16%0.71%+600 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 / Loans0.94%0.78%0.45%0.42%0.44%0.39%0.33%0.50%+8 bps
Allowance / Loans1.46%1.47%1.47%1.47%1.48%1.83%1.88%1.87%+40 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 Capital20.63%20.85%20.77%20.36%18.19%18.59%17.94%17.04%-332 bps
Equity / Assets12.09%12.64%13.03%13.78%12.93%13.67%13.56%13.14%-63 bps
Liquidity & Funding
Loans / Deposits75.09%73.17%72.61%80.44%84.85%86.31%93.38%95.28%+1,484 bps
Liquid Assets / Assets0.00%0.00%0.01%0.01%0.07%0.16%0.16%0.18%+17 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a