Elkhart, IN · Cert 35270
FDIC
Q4 2009
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2009, the quarter ended December 31, 2009, 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.
Elkhart, IN · Cert 35270
FDIC
Q4 2009
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 2008 | Q2 2008 | Q3 2008 | Q4 2008 | Q1 2009 | Q2 2009 | Q3 2009 | Q4 2009 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.58% | 0.60% | 0.30% | 0.04% | -1.69% | -1.95% | -3.97% | -3.56% | -360 bps | |
| Return on Equity | 5.92% | 6.19% | 3.18% | 0.44% | -19.90% | -24.79% | -52.77% | -48.88% | -4,932 bps | |
| Net Interest Margin | 2.91% | 2.99% | 2.92% | 2.73% | 2.02% | 2.11% | 2.28% | 2.48% | -25 bps | |
| Efficiency Ratio | 49.20% | 53.79% | 52.81% | 58.40% | 99.04% | 96.10% | 101.66% | 108.68% | +5,028 bps | |
| Non-Interest Burden | 1.37% | 1.56% | 1.49% | 1.53% | 2.00% | 2.02% | 2.32% | 2.69% | +116 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 4.10% | 12.25% | 14.13% | 11.60% | 5.81% | 19.34% | -0.12% | -5.76% | -1,735 bps | |
| Loan Growth (YoY) | 13.16% | 14.16% | 12.65% | 5.33% | -2.87% | -9.65% | -14.31% | -18.97% | -2,430 bps | |
| Deposit Growth (YoY) | 2.19% | 11.40% | 20.92% | 13.82% | 9.87% | 27.56% | 3.38% | -2.89% | -1,672 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 | 0.07% | 0.03% | 0.11% | 0.77% | 1.28% | 0.96% | 3.12% | 4.04% | +327 bps | |
| Allowance / Loans | 1.60% | 1.64% | 2.09% | 1.93% | 2.50% | 3.72% | 3.55% | 3.31% | +138 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 | 10.30% | 10.14% | 10.08% | 10.08% | 10.32% | 9.83% | 8.17% | 8.22% | -186 bps | |
| Equity / Assets | 9.63% | 9.53% | 9.14% | 8.62% | 8.40% | 6.73% | 6.42% | 6.22% | -240 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 111.39% | 112.96% | 105.17% | 98.62% | 98.48% | 80.00% | 87.17% | 82.30% | -1,633 bps | |
| Liquid Assets / Assets | 0.02% | 0.01% | 0.00% | 4.19% | 7.35% | 22.43% | 16.87% | 20.40% | +1,620 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |