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Davison State Bank

Davison, MI · Cert 35345

FDIC · 6 branches

Q1 2019

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: Q1 2019, the quarter ended March 31, 2019, 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

Davison State Bank

Davison, MI · Cert 35345

FDIC · 6 branches

Q1 2019

$228.8MAssets
$195.4MLoans
$198.1MDeposits
$30.0MEquity
Loan mix
91%RE $164.9M8%C&I $14.3M1%Consumer $2.0MQ1 2018Q1 2019
Deposit mix
66%Interest-bearing $130.7M34%Noninterest $67.4MQ1 2018Q1 2019

NIM

4.30%Q1 ’174.04%Q1 ’184.15%Q1 ’19-7%+1%

Non-interest income vs. expense

4.02%Q1 ’173.95%Q1 ’183.38%Q1 ’19+52%-3%

Market Position · Detroit-Warren-Dearborn, MI · 2018 SOD (annual) · 0.1% share · #32 of 46 inst. · $0.1B of $133.3B

0.1% Oakland
1.5% Genesee
0.2% Macomb
0.3% Washtenaw

Executive Summary

  • Earnings: ROA of 0.86%, up 19 bps year over year; NIM at 3.92%.
  • Asset quality: problem loans at 0.05% of loans (-27 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 12.21%, up 3 bps from a year ago.
  • Funding: loans stand at 98.67% of deposits as of Q1 2019.

Financial Results

Return on Assets (YTD, annualized)

0.86%+19 bps YoY

Net Interest Margin (YTD, annualized)

3.92%+5 bps YoY

Efficiency Ratio (YTD, annualized)

76.92%-496 bps YoY

Tier 1 Leverage Ratio

12.21%+3 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2018Q2 2018Q3 2018Q4 2018Q1 2019YoY ΔTrend
Earnings
Return on Assets0.67%0.59%0.64%0.75%0.86%+19 bps
Return on Equity5.39%4.74%5.09%5.96%6.67%+128 bps
Net Interest Margin3.87%3.79%3.82%3.92%3.92%+5 bps
Efficiency Ratio81.88%84.00%82.75%83.90%76.92%-496 bps
Non-Interest Burden2.96%2.97%2.95%3.10%2.88%-8 bps
Growth
Asset Growth (YoY)1.77%6.99%4.46%4.10%0.07%-169 bps
Loan Growth (YoY)16.54%9.56%11.30%2.80%-5.01%-2,156 bps
Deposit Growth (YoY)1.74%7.47%4.66%3.83%-0.78%-252 bps
Asset Quality
Nonperforming Loans / Loans0.32%0.32%0.02%0.02%0.05%-27 bps
Net Charge-Offs / Loans-0.06%-0.08%-0.07%-0.07%-0.02%+4 bps
Allowance / Loans1.05%1.12%1.13%0.93%0.94%-11 bps
Allowance Coverage of NPLs3.3x3.5x49.5x41.4x18.3x+15.1x
Capital
Tier 1 Leverage Ratio12.17%12.30%11.78%12.33%12.21%+3 bps
Total Risk-Based Capital18.28%18.97%17.44%18.47%19.94%+166 bps
Equity / Assets12.33%12.43%13.34%12.74%13.12%+79 bps
Liquidity & Funding
Loans / Deposits103.08%98.52%106.02%97.53%98.67%-440 bps
Liquid Assets / Assets7.48%12.02%6.41%13.23%12.36%+487 bps
CRE / Total Capitaln/an/an/an/an/an/an/a