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Bank of Alpena, The

Alpena, MI · Cert 57029

FDIC · 1 branch

Q2 2014

$69.0MAssets
$34.7MLoans
$61.7MDeposits
$7.1MEquity
Loan mix
82%RE $27.2M17%C&I $5.7M1%Consumer $0.3MQ2 2013Q2 2014
Deposit mix
71%Interest-bearing $43.8M29%Noninterest $17.9MQ2 2013Q2 2014

NIM

4.04%Q2 ’123.88%Q2 ’133.90%Q2 ’14-1%+3%

Non-interest income vs. expense

3.99%Q2 ’123.56%Q2 ’133.28%Q2 ’14-5%-14%

Executive Summary

  • Earnings: ROA of 0.55%, up 43 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.06%.
  • Funding: loans stand at 56.31% of deposits as of Q2 2014.

Financial Results

Return on Assets (quarter, annualized)

0.55%+43 bps YoY

Net Interest Margin (quarter, annualized)

3.73%+11 bps YoY

Efficiency Ratio (quarter, annualized)

80.28%-1,407 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2013Q3 2013Q4 2013Q1 2014Q2 2014YoY ΔTrend
Earnings
Return on Assets0.12%0.20%0.21%0.38%0.55%+43 bps
Return on Equity1.21%2.12%2.23%3.95%5.40%+418 bps
Net Interest Margin3.62%3.29%3.33%3.33%3.73%+11 bps
Efficiency Ratio94.35%89.41%90.88%85.84%80.28%-1,407 bps
Non-Interest Burden3.40%2.90%2.99%2.79%2.92%-48 bps
Growth
Asset Growth (YoY)0.77%1.32%-15.58%-3.16%-5.08%-585 bps
Loan Growth (YoY)-0.66%-2.02%-4.87%-5.57%-14.67%-1,401 bps
Deposit Growth (YoY)1.46%1.79%-16.71%-3.28%-6.31%-777 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.84%0.19%-0.05%0.45%1.06%+22 bps
Allowance / Loans1.93%1.97%2.03%1.99%1.92%-1 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 Capital18.73%19.05%19.39%20.16%22.33%+361 bps
Equity / Assets9.30%9.24%9.30%9.96%10.33%+103 bps
Liquidity & Funding
Loans / Deposits61.83%59.86%59.61%60.70%56.31%-552 bps
Liquid Assets / Assets9.75%10.08%9.77%6.80%11.87%+212 bps
CRE / Total Capitaln/an/an/an/an/an/an/a