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Paramount Bank

Farmington Hills, MI · Cert 34673

FDIC

Q3 2010

$252.7MAssets
$225.8MLoans
$213.6MDeposits
$2.6MEquity
Deposit mix
95%Interest-bearing $202.4M5%Noninterest $11.1MQ3 2009Q3 2010

NIM

5.92%Q3 ’085.08%Q3 ’094.96%Q3 ’10-5%+29%

Non-interest income vs. expense

3.17%Q3 ’083.39%Q3 ’094.33%Q3 ’10+10%+23%

Executive Summary

  • Earnings: ROA of -4.98%, down 236 bps year over year; NIM at 2.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.46%.
  • Funding: loans stand at 105.71% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

-4.98%-236 bps YoY

Net Interest Margin (YTD, annualized)

2.88%+65 bps YoY

Efficiency Ratio (YTD, annualized)

107.35%-381 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-2.62%-3.54%-2.97%-3.23%-4.98%-236 bps
Return on Equity-35.93%-52.88%-73.10%-86.19%-159.74%-12,380 bps
Net Interest Margin2.24%2.38%2.69%2.75%2.88%+65 bps
Efficiency Ratio111.17%117.40%97.29%100.47%107.35%-381 bps
Non-Interest Burden2.58%2.97%2.58%2.77%3.18%+60 bps
Growth
Asset Growth (YoY)8.86%3.69%1.90%-2.85%-9.99%-1,885 bps
Loan Growth (YoY)9.12%-0.98%-3.06%-1.18%-8.65%-1,778 bps
Deposit Growth (YoY)12.00%9.46%8.56%0.84%-4.77%-1,677 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.39%3.10%3.01%3.24%4.46%+207 bps
Allowance / Loans2.56%2.58%2.83%2.95%3.83%+127 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital8.82%6.81%6.05%5.05%2.49%-633 bps
Equity / Assets6.14%4.38%3.74%3.09%1.02%-512 bps
Liquidity & Funding
Loans / Deposits110.21%106.40%103.07%109.71%105.71%-450 bps
Liquid Assets / Assets6.47%8.82%9.55%6.82%9.35%+287 bps
CRE / Total Capitaln/an/an/an/an/an/an/a