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First National Bank of Calumet-Lake Linden

Calumet, MI · Cert 5065

FDIC

Q3 2006

$54.3MAssets
$36.7MLoans
$47.9MDeposits
$6.3MEquity
Loan mix
83%RE $14.3M17%C&I $2.9M0%Consumer $0.0MQ3 2005Q3 2006
Deposit mix
87%Interest-bearing $41.5M13%Noninterest $6.4MQ3 2005Q3 2006

NIM

4.80%Q3 ’045.25%Q3 ’055.94%Q3 ’06+10%-1%

Non-interest income vs. expense

2.74%Q3 ’042.79%Q3 ’052.92%Q3 ’06+3%+7%

Executive Summary

  • Earnings: ROA of 0.89%, down 6 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 76.63% of deposits as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

0.89%-6 bps YoY

Net Interest Margin (YTD, annualized)

3.55%-5 bps YoY

Efficiency Ratio (YTD, annualized)

70.75%+422 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.94%0.98%0.87%0.86%0.89%-6 bps
Return on Equity8.46%8.79%7.77%7.72%7.89%-57 bps
Net Interest Margin3.60%3.64%3.52%3.53%3.55%-5 bps
Efficiency Ratio66.53%65.33%71.60%71.79%70.75%+422 bps
Non-Interest Burden2.20%2.17%2.35%2.36%2.34%+15 bps
Growth
Asset Growth (YoY)2.68%4.62%5.86%5.17%-1.57%-425 bps
Loan Growth (YoY)1.43%5.64%5.15%2.77%1.27%-16 bps
Deposit Growth (YoY)7.29%7.17%5.36%5.64%-0.34%-763 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%-0.01%-0.02%0.04%0.03%+7 bps
Allowance / Loans1.25%1.24%1.25%1.27%1.28%+3 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital12.22%12.29%11.99%12.52%12.89%+67 bps
Equity / Assets10.96%11.17%11.21%10.97%11.60%+65 bps
Liquidity & Funding
Loans / Deposits75.41%79.50%79.92%75.83%76.63%+122 bps
Liquid Assets / Assets0.19%0.03%0.02%0.02%0.06%-14 bps
CRE / Total Capitaln/an/an/an/an/an/an/a