PackageTrendsPeer
Letter portraitLegal landscape

Bank of Northern Michigan, The

Petoskey, MI · Cert 35324

FDIC · 2 branches

Q3 2015

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: Q3 2015, the quarter ended September 30, 2015, 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

Bank of Northern Michigan, The

Petoskey, MI · Cert 35324

FDIC · 2 branches

Q3 2015

$416.2MAssets
$295.0MLoans
$304.8MDeposits
$66.1MEquity
Loan mix
69%RE $173.0M30%C&I $74.0M1%Consumer $2.2MQ3 2014Q3 2015
Deposit mix
85%Interest-bearing $258.1M15%Noninterest $46.7MQ3 2014Q3 2015

NIM

3.73%Q3 ’133.51%Q3 ’143.40%Q3 ’15-7%+9%

Non-interest income vs. expense

2.30%Q3 ’132.17%Q3 ’142.15%Q3 ’15+14%-5%

Executive Summary

  • Earnings: ROA of 0.99%, up 24 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.02%.
  • Funding: loans stand at 96.81% of deposits as of Q3 2015.

Financial Results

Return on Assets (YTD, annualized)

0.99%+24 bps YoY

Net Interest Margin (YTD, annualized)

3.10%+25 bps YoY

Efficiency Ratio (YTD, annualized)

65.72%-402 bps YoY

Tier 1 Leverage Ratio

9.02%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets0.74%0.89%1.03%1.02%0.99%+24 bps
Return on Equity8.80%10.45%12.16%9.44%8.14%-65 bps
Net Interest Margin2.85%3.05%3.13%3.34%3.10%+25 bps
Efficiency Ratio69.75%64.60%64.41%69.17%65.72%-402 bps
Non-Interest Burden1.91%1.87%1.88%2.01%1.81%-10 bps
Growth
Asset Growth (YoY)5.43%3.29%9.94%9.98%1.00%-443 bps
Loan Growth (YoY)10.43%11.39%10.32%9.54%3.74%-669 bps
Deposit Growth (YoY)6.96%4.12%11.63%1.29%-9.35%-1,631 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.05%-0.07%0.04%0.01%0.01%+5 bps
Allowance / Loans1.93%1.89%1.88%0.00%0.00%-193 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a8.82%9.09%9.02%n/a
Total Risk-Based Capital12.91%12.83%11.86%10.13%10.88%-203 bps
Equity / Assets8.03%8.72%8.19%15.55%15.88%+785 bps
Liquidity & Funding
Loans / Deposits84.60%94.63%87.10%101.93%96.81%+1,221 bps
Liquid Assets / Assets14.03%7.87%11.03%1.91%0.82%-1,321 bps
CRE / Total Capitaln/an/an/an/an/an/an/a