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Letter portraitLegal landscapeQuarterYTD

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 $0.3MQ3 2012Q2 2014
Deposit mix
71%Interest-bearing $43.8M29%Noninterest $17.9MQ3 2012Q2 2014

Executive Summary

  • Earnings: ROA of 0.46%, up 30 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.78%.
  • Funding: loans stand at 56.31% of deposits as of Q2 2014.

Return on Assets (YTD, annualized)

0.46%+30 bps YoY

Net Interest Margin (YTD, annualized)

3.58%+3 bps YoY

Efficiency Ratio (YTD, annualized)

83.01%-859 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.05%Q2 ’123.84%Q2 ’133.76%Q2 ’14-3%+1%

Non-interest income vs. expense

3.95%Q2 ’123.55%Q2 ’133.33%Q2 ’14-9%-10%

Year to date, annualized, through each quarter.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014YoY ΔTrend
Earnings
Return on Assets0.16%10.10%10.20%0.16%0.17%0.18%0.38%0.46%+30 bps
Return on Equity1.61%1.09%2.26%1.75%1.87%1.95%3.95%4.68%+293 bps
Net Interest Margin3.63%3.70%3.44%3.55%3.37%3.44%3.33%3.58%+3 bps
Efficiency Ratio100.32%100.24%88.98%91.60%90.88%90.88%85.84%83.01%-859 bps
Non-Interest Burden3.64%3.70%3.00%3.22%3.04%3.09%2.79%2.90%-33 bps
Growth
Asset Growth (YoY)4.00%23.71%2.11%0.77%1.32%-15.58%-3.16%-5.08%-585 bps
Loan Growth (YoY)-1.46%2.85%-0.05%-0.66%-2.02%-4.87%-5.57%-14.67%-1,401 bps
Deposit Growth (YoY)4.55%26.40%2.34%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.52%0.35%-0.05%0.39%0.33%0.24%0.45%0.78%+38 bps
Allowance / Loans1.94%2.01%2.13%1.93%1.97%2.03%1.99%1.92%-1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital18.15%18.05%19.03%18.73%19.05%19.39%20.16%22.33%+361 bps
Equity / Assets9.69%8.15%9.83%9.30%9.24%9.30%9.96%10.33%+103 bps
Liquidity & Funding
Loans / Deposits62.19%52.19%62.16%61.83%59.86%59.61%60.70%56.31%-552 bps
Liquid Assets / Assets8.06%21.54%9.75%9.75%10.08%9.77%6.80%11.87%+212 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a