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Traverse City State Bank

Traverse City, MI · Cert 35350

FDIC · 5 branches

Q1 2018

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 2018, the quarter ended March 31, 2018, 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

Traverse City State Bank

Traverse City, MI · Cert 35350

FDIC · 5 branches

Q1 2018

$341.8MAssets
$301.8MLoans
$289.0MDeposits
$37.5MEquity
Loan mix
69%RE $177.2M30%C&I $76.7M1%Consumer $2.9MQ1 2017Q1 2018
Deposit mix
68%Interest-bearing $197.5M32%Noninterest $91.5MQ1 2017Q1 2018

NIM

3.81%Q1 ’164.00%Q1 ’174.59%Q1 ’18+6%+13%

Non-interest income vs. expense

3.20%Q1 ’163.42%Q1 ’173.67%Q1 ’18+17%+10%

Executive Summary

  • Earnings: ROA of 1.09%, up 30 bps year over year; NIM at 4.13%.
  • Asset quality: problem loans at 0.19% of loans (-67 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 10.49%, up 74 bps from a year ago.
  • Funding: loans stand at 104.43% of deposits as of Q1 2018.

Financial Results

Return on Assets (YTD, annualized)

1.09%+30 bps YoY

Net Interest Margin (YTD, annualized)

4.13%+46 bps YoY

Efficiency Ratio (YTD, annualized)

72.88%-201 bps YoY

Tier 1 Leverage Ratio

10.49%+74 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets0.78%0.89%0.86%1.01%1.09%+30 bps
Return on Equity7.68%8.59%8.31%9.68%9.96%+228 bps
Net Interest Margin3.66%3.73%3.63%3.76%4.13%+46 bps
Efficiency Ratio74.90%70.48%68.16%65.45%72.88%-201 bps
Non-Interest Burden2.49%2.29%2.13%2.05%2.73%+24 bps
Growth
Asset Growth (YoY)9.79%12.47%11.77%7.80%6.32%-346 bps
Loan Growth (YoY)16.63%19.20%16.98%15.77%16.37%-25 bps
Deposit Growth (YoY)8.42%10.89%10.26%5.43%6.75%-167 bps
Asset Quality
Nonperforming Loans / Loans0.86%0.76%0.32%0.25%0.19%-67 bps
Net Charge-Offs / Loans-0.07%0.20%0.61%0.56%-0.02%+5 bps
Allowance / Loans1.16%1.04%0.84%0.93%0.90%-25 bps
Allowance Coverage of NPLs1.3x1.4x2.6x3.7x4.6x+3.3x
Capital
Tier 1 Leverage Ratio9.75%10.20%9.83%10.13%10.49%+74 bps
Total Risk-Based Capital13.75%13.43%13.40%13.30%13.19%-56 bps
Equity / Assets10.17%10.54%10.21%10.87%10.97%+80 bps
Liquidity & Funding
Loans / Deposits95.80%99.78%95.66%103.35%104.43%+863 bps
Liquid Assets / Assets13.53%9.46%13.59%7.42%6.61%-693 bps
CRE / Total Capitaln/an/an/an/an/an/an/a