Kentwood, MI · Cert 34609
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 | 0.87% | 0.65% | 0.48% | 0.05% | -0.26% | -2.81% | -2.27% | -2.34% | -239 bps | |
| Return on Equity | 8.59% | 6.35% | 4.75% | 0.47% | -2.79% | -31.75% | -25.66% | -26.36% | -2,683 bps | |
| Net Interest Margin | 4.12% | 4.26% | 4.17% | 3.90% | 3.21% | 3.30% | 3.16% | 3.25% | -66 bps | |
| Efficiency Ratio | 70.49% | 72.53% | 75.78% | 81.65% | 81.06% | 97.59% | 114.51% | 118.42% | +3,676 bps | |
| Non-Interest Burden | 2.65% | 2.93% | 3.04% | 3.11% | 2.50% | 3.22% | 3.58% | 3.80% | +69 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -0.22% | -1.99% | -7.47% | 0.37% | 3.76% | 6.83% | 3.88% | -8.20% | -857 bps | |
| Loan Growth (YoY) | -1.31% | -2.63% | -5.49% | 0.62% | 3.49% | 0.98% | -3.19% | -14.66% | -1,528 bps | |
| Deposit Growth (YoY) | 3.89% | -10.98% | -5.42% | -3.72% | 1.68% | 21.24% | 11.74% | -4.60% | -88 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 | 0.29% | 0.33% | 0.32% | 0.45% | 1.51% | 2.77% | 1.96% | 2.26% | +181 bps | |
| Allowance / Loans | 1.69% | 1.70% | 1.75% | 1.83% | 1.88% | 2.98% | 3.14% | 3.46% | +162 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 | 11.29% | 11.09% | 10.91% | 9.97% | 10.45% | 9.00% | 9.76% | 9.64% | -33 bps | |
| Equity / Assets | 10.54% | 10.38% | 10.27% | 9.23% | 9.49% | 7.87% | 8.85% | 9.05% | -18 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 105.99% | 122.21% | 118.87% | 115.28% | 107.88% | 101.78% | 102.99% | 103.12% | -1,216 bps | |
| Liquid Assets / Assets | 0.28% | 0.25% | 0.09% | 0.03% | 0.05% | 0.11% | 0.07% | 6.39% | +636 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |