Vickers & Associates

Clawson, MI · Charter 4445

Q4 1998

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: Q4 1998, the quarter ended December 31, 1998, 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.

Clawson, MI · Charter 4445

Q4 1998

$3.7MAssets

$2.1MLoans

$2.9MShares

n/aNet Worth

Return on Assets (YTD, annualized)

1.44%-83 bps YoY

Net Interest Margin (YTD, annualized)

n/a

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q2 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	Q2 1998	Q4 1998	YoY Δ	Trend
Earnings
Return on Assets	2.34%	2.53%	2.18%	2.27%	2.56%	1.90%	1.84%	1.44%	-83 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Growth
Asset Growth (YoY)	n/a	n/a	-18.65%	-14.22%	-10.23%	-12.93%	-19.32%	-14.13%	+9 bps
Loan Growth (YoY)	n/a	n/a	3.39%	-0.92%	-14.81%	-3.71%	4.41%	3.42%	+434 bps
Share Growth (YoY)	n/a	n/a	-22.50%	-18.45%	-13.42%	-16.48%	-22.95%	-15.85%	+260 bps
Asset Quality
Delinquent Loans / Loans	2.50%	2.40%	1.11%	1.54%	1.80%	0.72%	0.35%	0.48%	-106 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	1.16%	1.26%	1.23%	1.40%	1.35%	1.67%	1.52%	1.53%	+14 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Worth / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Shares	59.42%	62.36%	56.89%	58.93%	58.47%	71.90%	77.09%	72.43%	+1,350 bps
Liquid Assets / Assets	28.75%	23.16%	27.74%	31.71%	29.00%	15.22%	11.33%	6.28%	-2,543 bps