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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 $0.2MQ1 2006Q4 2007
Deposit mix
89%Interest-bearing $80.5M11%Noninterest $10.4MQ1 2006Q4 2007

Executive Summary

  • Earnings: ROA of 0.65%, down 29 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.24%.
  • Funding: loans stand at 100.49% of deposits as of Q4 2007.

Return on Assets (YTD, annualized)

0.65%-29 bps YoY

Net Interest Margin (YTD, annualized)

3.14%-46 bps YoY

Efficiency Ratio (YTD, annualized)

70.66%+1,134 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.73%Q4 ’056.53%Q4 ’066.40%Q4 ’07+7%-13%

Non-interest income vs. expense

2.22%Q4 ’052.36%Q4 ’062.56%Q4 ’07+20%+5%

Year to date, annualized, through each quarter.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.96%0.92%0.93%0.94%1.01%0.90%0.86%0.65%-29 bps
Return on Equity10.53%9.98%9.97%9.96%10.22%8.99%8.58%6.43%-353 bps
Net Interest Margin3.57%3.60%3.66%3.60%3.37%3.31%3.23%3.14%-46 bps
Efficiency Ratio57.42%58.33%58.90%59.32%59.78%65.09%65.74%70.66%+1,134 bps
Non-Interest Burden1.88%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 / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.82%0.40%0.44%0.36%0.05%0.06%0.05%0.24%-11 bps
Allowance / Loans1.41%1.49%1.39%1.35%1.39%1.40%1.45%1.38%+3 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital12.67%12.86%12.99%13.19%13.49%13.63%13.72%13.74%+55 bps
Equity / Assets9.12%9.24%9.74%9.74%10.10%10.17%9.90%10.37%+63 bps
Liquidity & Funding
Loans / Deposits97.45%97.85%102.98%101.13%101.51%100.32%95.05%100.49%-64 bps
Liquid Assets / Assets0.08%0.30%0.08%0.26%0.32%0.41%0.40%0.30%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a