Greenville, MI · Cert 35083
FDIC
Q4 2007
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2007, the quarter ended December 31, 2007, 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.
Greenville, MI · Cert 35083
FDIC
Q4 2007
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 2006 | Q2 2006 | Q3 2006 | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.96% | 0.92% | 0.93% | 0.94% | 1.01% | 0.90% | 0.86% | 0.65% | -29 bps | |
| Return on Equity | 10.53% | 9.98% | 9.97% | 9.96% | 10.22% | 8.99% | 8.58% | 6.43% | -353 bps | |
| Net Interest Margin | 3.57% | 3.60% | 3.66% | 3.60% | 3.37% | 3.31% | 3.23% | 3.14% | -46 bps | |
| Efficiency Ratio | 57.42% | 58.33% | 58.90% | 59.32% | 59.78% | 65.09% | 65.74% | 70.66% | +1,134 bps | |
| Non-Interest Burden | 1.88% | 1.92% | 1.98% | 1.99% | 1.76% | 1.96% | 1.93% | 2.08% | +9 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 4.91% | 3.39% | 4.90% | 4.44% | -0.04% | 0.19% | 7.41% | 0.32% | -411 bps | |
| Loan Growth (YoY) | 5.71% | 7.80% | 8.27% | 4.07% | 3.33% | 2.01% | 0.59% | 0.32% | -375 bps | |
| Deposit Growth (YoY) | 4.63% | 3.00% | 4.62% | 4.26% | -0.81% | -0.50% | 8.98% | 0.97% | -329 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 | 0.82% | 0.40% | 0.44% | 0.36% | 0.05% | 0.06% | 0.05% | 0.24% | -11 bps | |
| Allowance / Loans | 1.41% | 1.49% | 1.39% | 1.35% | 1.39% | 1.40% | 1.45% | 1.38% | +3 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 | 12.67% | 12.86% | 12.99% | 13.19% | 13.49% | 13.63% | 13.72% | 13.74% | +55 bps | |
| Equity / Assets | 9.12% | 9.24% | 9.74% | 9.74% | 10.10% | 10.17% | 9.90% | 10.37% | +63 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 97.45% | 97.85% | 102.98% | 101.13% | 101.51% | 100.32% | 95.05% | 100.49% | -64 bps | |
| Liquid Assets / Assets | 0.08% | 0.30% | 0.08% | 0.26% | 0.32% | 0.41% | 0.40% | 0.30% | +4 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |