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 | Q3 2019 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.58% | 0.53% | 0.53% | 0.38% | 0.21% | -36 bps | |
| Return on Equity | 6.07% | 5.60% | 5.65% | 4.27% | 2.29% | -378 bps | |
| Net Interest Margin | 3.56% | 3.53% | 3.10% | 2.88% | 0.93% | -263 bps | |
| Efficiency Ratio | 82.45% | 83.09% | 83.75% | 87.09% | 77.66% | -478 bps | |
| Non-Interest Burden | 2.83% | 2.83% | 2.50% | 2.39% | 0.65% | -217 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 13.22% | 9.21% | 8.08% | 25.26% | 26.00% | +1,279 bps | |
| Loan Growth (YoY) | 6.74% | 4.54% | -3.62% | 14.35% | 8.07% | +132 bps | |
| Deposit Growth (YoY) | 13.77% | 9.49% | 8.14% | 27.03% | 25.57% | +1,181 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 1.18% | 1.22% | 1.20% | 0.99% | 0.77% | -41 bps | |
| Net Charge-Offs / Loans | 0.14% | 0.10% | 0.32% | 0.13% | 0.00% | -14 bps | |
| Allowance / Loans | 1.03% | 1.04% | 1.00% | 0.83% | 0.00% | -103 bps | |
| Allowance Coverage of NPLs | 0.9x | 0.9x | 0.8x | 0.8x | 0.0x | -0.9x | |
| Capital | |||||||
| Tier 1 Leverage Ratio | 9.01% | 9.18% | 8.83% | 8.20% | 6.39% | -262 bps | |
| Total Risk-Based Capital | 12.07% | 12.48% | 13.16% | 14.03% | 11.19% | -88 bps | |
| Equity / Assets | 9.43% | 9.64% | 9.25% | 8.14% | 9.93% | +50 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 84.58% | 84.79% | 75.75% | 78.27% | 72.79% | -1,179 bps | |
| Liquid Assets / Assets | 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 |