Muskegon, MI · Cert 34944
FDIC · 4 branches
Q3 2020
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2020, the quarter ended September 30, 2020, 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.
Muskegon, MI · Cert 34944
FDIC · 4 branches
Q3 2020
Market Position · Muskegon, MI · 2020 SOD (annual) · 10.7% share · #5 of 10 inst. · $0.2B of $1.9B
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 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.61% | 0.51% | 0.55% | 0.58% | 0.53% | 0.53% | 0.38% | 0.21% | -36 bps | |
| Return on Equity | 6.43% | 5.32% | 5.80% | 6.07% | 5.60% | 5.65% | 4.27% | 2.29% | -378 bps | |
| Net Interest Margin | 3.82% | 3.70% | 3.63% | 3.56% | 3.53% | 3.10% | 2.88% | 0.93% | -263 bps | |
| Efficiency Ratio | 84.46% | 84.89% | 83.62% | 82.45% | 83.09% | 83.75% | 87.09% | 77.66% | -478 bps | |
| Non-Interest Burden | 3.12% | 3.05% | 2.93% | 2.83% | 2.83% | 2.50% | 2.39% | 0.65% | -217 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 0.22% | 2.85% | 10.84% | 13.22% | 9.21% | 8.08% | 25.26% | 26.00% | +1,279 bps | |
| Loan Growth (YoY) | -0.80% | 6.95% | 7.11% | 6.74% | 4.54% | -3.62% | 14.35% | 8.07% | +132 bps | |
| Deposit Growth (YoY) | 0.20% | 2.40% | 11.11% | 13.77% | 9.49% | 8.14% | 27.03% | 25.57% | +1,181 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.38% | 1.33% | 1.30% | 1.18% | 1.22% | 1.20% | 0.99% | 0.77% | -41 bps | |
| Net Charge-Offs / Loans | 0.11% | -0.02% | 0.00% | 0.14% | 0.10% | 0.32% | 0.13% | 0.00% | -14 bps | |
| Allowance / Loans | 1.19% | 1.15% | 1.13% | 1.03% | 1.04% | 1.00% | 0.83% | 0.00% | -103 bps | |
| Allowance Coverage of NPLs | 0.9x | 0.9x | 0.9x | 0.9x | 0.9x | 0.8x | 0.8x | 0.0x | -0.9x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.48% | 9.20% | 9.19% | 9.01% | 9.18% | 8.83% | 8.20% | 6.39% | -262 bps | |
| Total Risk-Based Capital | 12.44% | 12.09% | 12.10% | 12.07% | 12.48% | 13.16% | 14.03% | 11.19% | -88 bps | |
| Equity / Assets | 9.81% | 9.23% | 9.50% | 9.43% | 9.64% | 9.25% | 8.14% | 9.93% | +50 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 88.81% | 84.99% | 86.95% | 84.58% | 84.79% | 75.75% | 78.27% | 72.79% | -1,179 bps | |
| Liquid Assets / Assets | 4.22% | 9.20% | 7.03% | 8.88% | 9.24% | 17.49% | 16.20% | 25.93% | +1,705 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |