PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Greenville Community Bank

Greenville, MI · Cert 35083

FDIC

Q4 2007

$108.0MAssets
$91.3MLoans
$90.9MDeposits
$11.2MEquity
Loan mix
59%RE $41.6M41%C&I $28.4M0%Consumer $0.2MQ4 2006Q4 2007
Deposit mix
89%Interest-bearing $80.5M11%Noninterest $10.4MQ4 2006Q4 2007

NIM

6.19%Q4 ’056.78%Q4 ’066.58%Q4 ’07-1%-11%

Non-interest income vs. expense

2.39%Q4 ’052.30%Q4 ’062.93%Q4 ’07+11%+31%

Executive Summary

  • Earnings: ROA of 0.02%, down 95 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.81%.
  • Funding: loans stand at 100.49% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

0.02%-95 bps YoY

Net Interest Margin (quarter, annualized)

3.15%-40 bps YoY

Efficiency Ratio (quarter, annualized)

86.86%+2,619 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.97%1.01%0.79%0.78%0.02%-95 bps
Return on Equity9.93%10.22%7.77%7.80%0.18%-975 bps
Net Interest Margin3.56%3.37%3.24%3.30%3.15%-40 bps
Efficiency Ratio60.67%59.78%70.77%66.97%86.86%+2,619 bps
Non-Interest Burden2.06%1.76%2.14%2.00%2.71%+65 bps
Growth
Asset Growth (YoY)4.44%-0.04%0.19%7.41%0.32%-411 bps
Loan Growth (YoY)4.07%3.33%2.01%0.59%0.32%-375 bps
Deposit Growth (YoY)4.26%-0.81%-0.50%8.98%0.97%-329 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%0.05%0.06%0.05%0.81%+70 bps
Allowance / Loans1.35%1.39%1.40%1.45%1.38%+3 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 Capital13.19%13.49%13.63%13.72%13.74%+55 bps
Equity / Assets9.74%10.10%10.17%9.90%10.37%+63 bps
Liquidity & Funding
Loans / Deposits101.13%101.51%100.32%95.05%100.49%-64 bps
Liquid Assets / Assets0.26%0.32%0.41%0.40%0.30%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a