PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Warren Bank

Warren, MI · Cert 34824

FDIC

Q3 2009

$504.8MAssets
$379.1MLoans
$467.8MDeposits
$7.3MEquity
Loan mix
95%RE $260.4M5%C&I $12.5M0%Consumer $0.1MQ3 2008Q3 2009
Deposit mix
98%Interest-bearing $456.8M2%Noninterest $10.9MQ3 2008Q3 2009

NIM

6.73%Q3 ’075.09%Q3 ’084.35%Q3 ’09-25%-23%

Non-interest income vs. expense

1.64%Q3 ’074.60%Q3 ’084.23%Q3 ’09+152%-3%

Executive Summary

  • Earnings: ROA of -2.53%, down 28 bps year over year; NIM at 1.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.68%.
  • Funding: loans stand at 81.05% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

-2.53%-28 bps YoY

Net Interest Margin (quarter, annualized)

1.44%-43 bps YoY

Efficiency Ratio (quarter, annualized)

190.09%+3,247 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-2.25%-10.91%-14.01%-1.56%-2.53%-28 bps
Return on Equity-28.53%-172.43%-364%-73.21%-149.00%-12,047 bps
Net Interest Margin1.87%1.41%1.14%0.97%1.44%-43 bps
Efficiency Ratio157.62%296%202%198.80%190.09%+3,247 bps
Non-Interest Burden3.55%4.97%2.86%2.63%3.44%-11 bps
Growth
Asset Growth (YoY)-1.13%-1.54%1.06%-11.76%-19.62%-1,849 bps
Loan Growth (YoY)-5.20%-4.96%-11.47%-11.01%-10.15%-494 bps
Deposit Growth (YoY)-5.31%1.30%10.42%0.87%-7.82%-251 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.93%11.08%21.84%0.29%0.68%-524 bps
Allowance / Loans4.17%4.43%3.93%4.11%4.31%+14 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 Capital12.27%7.44%3.78%3.32%2.59%-968 bps
Equity / Assets7.29%5.32%2.32%1.92%1.45%-584 bps
Liquidity & Funding
Loans / Deposits83.14%86.28%78.27%78.20%81.05%-210 bps
Liquid Assets / Assets0.05%0.20%0.67%2.07%0.69%+63 bps
CRE / Total Capitaln/an/an/an/an/an/an/a