PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

King Trust Company, National Association

Spring Arbor, MI · Cert 35137

FDIC

Q3 2009

$2.3MAssets
n/aLoans
n/aDeposits
$2.3MEquity

Executive Summary

  • Earnings: ROA of -10.22%, down 1,596 bps year over year; NIM at 2.62%.

Return on Assets (YTD, annualized)

-10.22%-1,596 bps YoY

Net Interest Margin (YTD, annualized)

2.62%-252 bps YoY

Efficiency Ratio (YTD, annualized)

114.08%+3,335 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.21%Q3 ’075.14%Q3 ’082.62%Q3 ’09-17%-49%

Non-interest income vs. expense

33.32%Q3 ’0734.24%Q3 ’0840.12%Q3 ’09-27%+349%

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets7.45%5.40%5.96%5.74%3.78%-2.03%-2.96%-10.22%-1,596 bps
Return on Equity7.48%5.42%5.99%5.76%3.81%-2.04%-2.98%-10.28%-1,605 bps
Net Interest Margin6.47%7.03%5.53%5.14%5.02%4.28%3.31%2.62%-252 bps
Efficiency Ratio75.47%80.93%78.85%80.73%89.12%105.43%110.74%114.08%+3,335 bps
Non-Interest Burden-4.20%-0.50%-3.44%-3.04%0.51%6.34%7.13%7.57%+1,061 bps
Growth
Asset Growth (YoY)9.69%6.97%7.18%2.28%1.43%-1.82%-1.83%-1.37%-364 bps
Loan Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Deposit Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
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 Capital201%183.84%184.68%178.38%176.26%171.06%109.62%110.15%-6,823 bps
Equity / Assets99.58%99.49%99.67%99.61%98.84%99.70%99.36%99.52%-9 bps
Liquidity & Funding
Loans / Depositsn/an/an/an/an/an/an/an/an/an/a
Liquid Assets / Assets4.71%0.59%1.50%0.81%0.00%0.09%2.16%0.00%-81 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a