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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

5.02%Q3 ’045.48%Q3 ’056.14%Q3 ’06+3%-3%

Non-interest income vs. expense

2.83%Q3 ’042.88%Q3 ’052.81%Q3 ’06-3%+1%

Executive Summary

  • Earnings: ROA of 0.93%, up 2 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 76.63% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

0.93%+2 bps YoY

Net Interest Margin (quarter, annualized)

3.56%-9 bps YoY

Efficiency Ratio (quarter, annualized)

68.63%+128 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.91%1.08%0.87%0.85%0.93%+2 bps
Return on Equity8.23%9.75%7.77%7.65%8.27%+4 bps
Net Interest Margin3.65%3.69%3.52%3.53%3.56%-9 bps
Efficiency Ratio67.35%61.79%71.60%71.98%68.63%+128 bps
Non-Interest Burden2.25%2.05%2.35%2.37%2.28%+2 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-0.01%0.07%-0.02%0.10%0.02%+3 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