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United Bank & Trust - Washtenaw

Ann Arbor, MI · Cert 57133

FDIC

Q1 2010

$389.4MAssets
$317.6MLoans
$340.0MDeposits
$34.3MEquity
Loan mix
75%RE $188.7M25%C&I $62.2M0%Consumer $0.7MQ1 2009Q1 2010
Deposit mix
86%Interest-bearing $290.9M14%Noninterest $49.1MQ1 2009Q1 2010

NIM

6.46%Q1 ’085.34%Q1 ’094.95%Q1 ’10-6%+4%

Non-interest income vs. expense

3.62%Q1 ’085.88%Q1 ’092.94%Q1 ’10+79%-58%

Executive Summary

  • Earnings: ROA of 0.66%, up 282 bps year over year; NIM at 3.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.58%.
  • Funding: loans stand at 93.41% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

0.66%+282 bps YoY

Net Interest Margin (quarter, annualized)

3.75%+16 bps YoY

Efficiency Ratio (quarter, annualized)

60.33%-956 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-2.16%0.07%-0.13%0.52%0.66%+282 bps
Return on Equity-23.85%0.77%-1.43%6.01%7.58%+3,143 bps
Net Interest Margin3.59%3.63%3.72%3.87%3.75%+16 bps
Efficiency Ratio69.89%67.78%62.00%55.51%60.33%-956 bps
Non-Interest Burden4.33%1.92%1.82%1.57%1.81%-252 bps
Growth
Asset Growth (YoY)12.81%15.43%16.03%13.04%8.90%-391 bps
Loan Growth (YoY)10.78%9.01%5.55%-0.10%-2.10%-1,288 bps
Deposit Growth (YoY)19.64%17.33%21.85%15.44%14.35%-528 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.65%1.85%1.04%4.33%0.58%-7 bps
Allowance / Loans2.61%2.63%2.95%2.34%2.55%-6 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 Capital11.55%11.70%11.52%11.82%12.38%+82 bps
Equity / Assets9.20%8.94%8.66%8.56%8.82%-38 bps
Liquidity & Funding
Loans / Deposits109.11%102.30%98.72%95.72%93.41%-1,570 bps
Liquid Assets / Assets0.00%0.00%0.00%10.02%11.07%+1,107 bps
CRE / Total Capitaln/an/an/an/an/an/an/a