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Detroit Commerce Bank

Detroit, MI · Cert 34919

FDIC

Q4 2008

$101.0MAssets
$95.1MLoans
$87.5MDeposits
$8.5MEquity
Loan mix
69%RE $48.0M31%C&I $22.0M0%Consumer $0.1MQ4 2007Q4 2008
Deposit mix
83%Interest-bearing $72.9M17%Noninterest $14.6MQ4 2007Q4 2008

NIM

7.44%Q4 ’067.79%Q4 ’076.70%Q4 ’08-7%-6%

Non-interest income vs. expense

3.44%Q4 ’063.13%Q4 ’073.33%Q4 ’08+13%+8%

Executive Summary

  • Earnings: ROA of -1.55%, down 177 bps year over year; NIM at 3.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.06%.
  • Funding: loans stand at 108.59% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-1.55%-177 bps YoY

Net Interest Margin (YTD, annualized)

3.75%-26 bps YoY

Efficiency Ratio (YTD, annualized)

84.89%+1,046 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets0.22%-3.41%-2.07%-1.44%-1.55%-177 bps
Return on Equity2.59%-42.08%-25.17%-17.31%-18.59%-2,118 bps
Net Interest Margin4.01%3.14%3.49%3.67%3.75%-26 bps
Efficiency Ratio74.44%92.37%84.78%85.81%84.89%+1,046 bps
Non-Interest Burden2.93%2.89%2.93%3.12%3.16%+22 bps
Growth
Asset Growth (YoY)6.35%-0.89%-3.99%-7.79%-10.57%-1,691 bps
Loan Growth (YoY)5.61%-0.27%-8.32%-10.02%-12.78%-1,839 bps
Deposit Growth (YoY)13.27%-4.82%-0.16%-14.40%-10.31%-2,358 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.74%5.06%2.98%2.52%2.06%+131 bps
Allowance / Loans1.24%1.53%1.98%1.73%2.60%+136 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 Capital9.73%9.63%10.45%10.24%10.02%+29 bps
Equity / Assets8.26%7.94%8.49%8.60%8.42%+15 bps
Liquidity & Funding
Loans / Deposits111.67%107.12%106.22%118.68%108.59%-308 bps
Liquid Assets / Assets0.02%0.03%0.01%0.00%0.56%+54 bps
CRE / Total Capitaln/an/an/an/an/an/an/a