Detroit, MI · Cert 34919
FDIC
Q4 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2008, the quarter ended December 31, 2008, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Detroit, MI · Cert 34919
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 | 0.89% | 0.81% | 0.50% | 0.22% | -3.41% | -2.07% | -1.44% | -1.55% | -177 bps | |
| Return on Equity | 10.58% | 9.63% | 5.92% | 2.59% | -42.08% | -25.17% | -17.31% | -18.59% | -2,118 bps | |
| Net Interest Margin | 4.17% | 4.19% | 4.08% | 4.01% | 3.14% | 3.49% | 3.67% | 3.75% | -26 bps | |
| Efficiency Ratio | 71.26% | 73.36% | 74.20% | 74.44% | 92.37% | 84.78% | 85.81% | 84.89% | +1,046 bps | |
| Non-Interest Burden | 2.79% | 2.99% | 2.96% | 2.93% | 2.89% | 2.93% | 3.12% | 3.16% | +22 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 21.27% | 18.62% | 8.32% | 6.35% | -0.89% | -3.99% | -7.79% | -10.57% | -1,691 bps | |
| Loan Growth (YoY) | 17.67% | 16.81% | 9.62% | 5.61% | -0.27% | -8.32% | -10.02% | -12.78% | -1,839 bps | |
| Deposit Growth (YoY) | 23.57% | 12.70% | 27.60% | 13.27% | -4.82% | -0.16% | -14.40% | -10.31% | -2,358 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 | 0.07% | 0.25% | 0.58% | 0.74% | 5.06% | 2.98% | 2.52% | 2.06% | +131 bps | |
| Allowance / Loans | 1.28% | 1.11% | 1.06% | 1.24% | 1.53% | 1.98% | 1.73% | 2.60% | +136 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 | 10.17% | 10.26% | 10.08% | 9.73% | 9.63% | 10.45% | 10.24% | 10.02% | +29 bps | |
| Equity / Assets | 8.33% | 8.62% | 8.62% | 8.26% | 7.94% | 8.49% | 8.60% | 8.42% | +15 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 102.24% | 115.67% | 112.91% | 111.67% | 107.12% | 106.22% | 118.68% | 108.59% | -308 bps | |
| Liquid Assets / Assets | 0.03% | 0.02% | 0.03% | 0.02% | 0.03% | 0.01% | 0.00% | 0.56% | +54 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |