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Old Mission Bank

Sault Ste Marie, MI · Cert 35303

FDIC · 2 branches

Q2 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2023, the quarter ended June 30, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Old Mission Bank

Sault Ste Marie, MI · Cert 35303

FDIC · 2 branches

Q2 2023

$123.9MAssets
$53.7MLoans
$107.3MDeposits
$10.0MEquity
Loan mix
74%RE $29.4M18%C&I $7.1M8%Consumer $3.2MQ3 2021Q2 2023
Deposit mix
75%Interest-bearing $80.5M25%Noninterest $26.8MQ3 2021Q2 2023

Executive Summary

  • Earnings: ROA of 0.24%, down 14 bps year over year; NIM at 2.43%.
  • Asset quality: problem loans at 0.10% of loans (-14 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 11.94%, up 90 bps from a year ago.
  • Funding: loans stand at 50.07% of deposits as of Q2 2023.

Return on Assets (YTD, annualized)

0.24%-14 bps YoY

Net Interest Margin (YTD, annualized)

2.43%-12 bps YoY

Efficiency Ratio (YTD, annualized)

92.16%-109 bps YoY

Tier 1 Leverage Ratio

11.94%+90 bps YoY

NIM

3.30%Q2 ’212.87%Q2 ’223.23%Q2 ’23-13%-5%

Non-interest income vs. expense

2.90%Q2 ’212.87%Q2 ’222.81%Q2 ’23+16%-6%

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets0.71%0.62%0.36%0.38%0.38%0.36%0.21%0.24%-14 bps
Return on Equity6.03%5.30%3.59%4.04%4.29%4.24%2.66%2.97%-108 bps
Net Interest Margin2.81%2.72%2.39%2.55%2.56%2.55%2.45%2.43%-12 bps
Efficiency Ratio80.04%83.12%93.67%93.25%93.22%93.71%93.25%92.16%-109 bps
Non-Interest Burden2.08%2.13%2.20%2.34%2.35%2.35%2.24%2.19%-15 bps
Growth
Asset Growth (YoY)0.56%4.16%0.67%-8.06%-4.38%-8.38%-9.31%-5.38%+268 bps
Loan Growth (YoY)-25.39%-17.44%-13.63%-2.28%9.51%12.36%12.61%16.32%+1,860 bps
Deposit Growth (YoY)1.00%5.94%3.74%-4.81%0.54%-5.63%-9.25%-9.05%-424 bps
Asset Quality
Nonperforming Loans / Loans0.69%0.69%0.57%0.24%0.25%0.13%0.12%0.10%-14 bps
Net Charge-Offs / Loans0.06%0.05%0.00%0.00%-0.01%0.03%0.00%0.01%+1 bps
Allowance / Loans2.28%2.34%2.10%2.00%1.70%1.56%1.49%1.46%-54 bps
Allowance Coverage of NPLs3.3x3.4x3.7x8.5x6.9x11.7x12.3x14.6x+6.1x
Capital
Tier 1 Leverage Ratio10.88%11.05%10.62%11.03%11.14%11.25%11.76%11.94%+90 bps
Total Risk-Based Capital26.81%26.06%24.41%23.67%23.90%22.90%24.64%22.99%-68 bps
Equity / Assets11.72%11.16%8.80%7.95%7.23%7.56%8.54%8.05%+10 bps
Liquidity & Funding
Loans / Deposits39.41%37.50%38.34%39.15%42.93%44.65%47.58%50.07%+1,092 bps
Liquid Assets / Assets1.99%1.42%0.70%1.77%0.29%0.30%0.89%0.56%-120 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a