Muskegon, MI · Cert 34608
FDIC
Q4 2008
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 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -1.15% | -0.57% | -0.64% | -0.89% | -1.83% | -4.99% | -3.40% | -4.19% | -330 bps | |
| Return on Equity | -11.51% | -5.68% | -6.39% | -9.17% | -20.94% | -60.90% | -42.17% | -52.07% | -4,289 bps | |
| Net Interest Margin | 3.44% | 3.47% | 3.31% | 3.34% | 2.91% | 2.97% | 2.78% | 2.57% | -77 bps | |
| Efficiency Ratio | 116.21% | 103.05% | 97.36% | 98.02% | 100.24% | 121.88% | 114.74% | 109.89% | +1,187 bps | |
| Non-Interest Burden | 4.06% | 3.60% | 3.21% | 3.26% | 2.92% | 3.63% | 3.20% | 2.86% | -40 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -5.35% | -5.97% | -10.98% | 2.63% | 3.25% | 1.93% | -6.63% | -8.63% | -1,125 bps | |
| Loan Growth (YoY) | -6.28% | -5.41% | -3.82% | 10.66% | 1.24% | -4.90% | -6.78% | -14.12% | -2,478 bps | |
| Deposit Growth (YoY) | 7.02% | -0.22% | -8.91% | 4.52% | 2.13% | 2.73% | -12.53% | -6.86% | -1,138 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 | 1.70% | 0.71% | 1.01% | 0.91% | 1.53% | 4.46% | 2.96% | 2.59% | +168 bps | |
| Allowance / Loans | 1.37% | 1.54% | 1.64% | 1.96% | 2.50% | 4.20% | 4.36% | 6.98% | +502 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 | 12.47% | 12.43% | 12.23% | 10.67% | 9.72% | 11.10% | 11.35% | 8.51% | -216 bps | |
| Equity / Assets | 10.05% | 10.12% | 9.84% | 8.83% | 8.67% | 7.04% | 7.64% | 7.99% | -85 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 111.35% | 115.02% | 107.88% | 113.63% | 110.39% | 106.48% | 114.98% | 104.78% | -886 bps | |
| Liquid Assets / Assets | 0.12% | 0.14% | 0.15% | 0.17% | 0.17% | 0.18% | 0.20% | 7.41% | +724 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |