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North Oakland Community Bank

Rochester Hills, MI · Cert 34879

FDIC

Q3 2003

$27.7MAssets
$23.1MLoans
$24.5MDeposits
$3.1MEquity
Loan mix
19%RE $2.6M80%C&I $10.7M0%Consumer $0.0MQ3 2002Q3 2003
Deposit mix
90%Interest-bearing $22.0M10%Noninterest $2.5MQ3 2002Q3 2003

NIM

7.32%Q3 ’016.28%Q3 ’025.99%Q3 ’03+19%+6%

Non-interest income vs. expense

3.94%Q3 ’013.41%Q3 ’023.75%Q3 ’03-16%+10%

Executive Summary

  • Earnings: ROA of 0.56%, up 208 bps year over year; NIM at 4.06%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 2.58%.
  • Funding: loans stand at 94.35% of deposits as of Q3 2003.

Financial Results

Return on Assets (quarter, annualized)

0.56%+208 bps YoY

Net Interest Margin (quarter, annualized)

4.06%+23 bps YoY

Efficiency Ratio (quarter, annualized)

87.27%+303 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets-1.52%-1.51%0.52%0.08%0.56%+208 bps
Return on Equity-17.37%-16.88%5.88%0.91%5.44%+2,281 bps
Net Interest Margin3.83%4.02%3.87%3.71%4.06%+23 bps
Efficiency Ratio84.24%74.22%80.57%90.91%87.27%+303 bps
Non-Interest Burden3.19%2.88%3.07%3.35%3.51%+32 bps
Growth
Asset Growth (YoY)-4.44%-1.49%-1.70%-16.67%-21.29%-1,685 bps
Loan Growth (YoY)7.61%3.07%-5.77%-19.19%-19.82%-2,742 bps
Deposit Growth (YoY)-5.14%-1.10%-7.76%-17.66%-23.04%-1,791 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans7.94%0.63%-0.08%-0.15%-2.58%-1,052 bps
Allowance / Loans1.85%2.49%2.64%3.22%4.04%+220 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 Capital11.61%11.27%11.41%13.10%14.47%+286 bps
Equity / Assets8.99%8.89%8.68%9.62%11.14%+215 bps
Liquidity & Funding
Loans / Deposits90.56%92.74%94.60%84.61%94.35%+379 bps
Liquid Assets / Assets0.29%0.30%0.29%0.32%0.37%+8 bps
CRE / Total Capitaln/an/an/an/an/an/an/a