PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Seaway Community Bank

Saint Clair, MI · Cert 57240

FDIC

Q3 2013

$202.7MAssets
$144.6MLoans
$168.7MDeposits
$19.4MEquity
Loan mix
75%RE $88.9M24%C&I $27.7M1%Consumer $1.2MQ3 2012Q3 2013
Deposit mix
85%Interest-bearing $143.2M15%Noninterest $25.5MQ3 2012Q3 2013

NIM

4.44%Q3 ’114.24%Q3 ’124.23%Q3 ’13+4%+3%

Non-interest income vs. expense

3.32%Q3 ’113.29%Q3 ’123.30%Q3 ’13-6%-18%

Executive Summary

  • Earnings: ROA of 1.55%, up 66 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.21%.
  • Funding: loans stand at 85.76% of deposits as of Q3 2013.

Financial Results

Return on Assets (YTD, annualized)

1.55%+66 bps YoY

Net Interest Margin (YTD, annualized)

3.60%+10 bps YoY

Efficiency Ratio (YTD, annualized)

67.21%-841 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.89%0.89%0.92%1.15%1.55%+66 bps
Return on Equity9.61%9.48%9.43%11.94%16.12%+651 bps
Net Interest Margin3.50%3.62%3.70%3.58%3.60%+10 bps
Efficiency Ratio75.61%74.60%78.58%74.58%67.21%-841 bps
Non-Interest Burden2.44%2.45%2.69%2.42%1.99%-45 bps
Growth
Asset Growth (YoY)13.02%5.12%8.36%9.21%0.22%-1,280 bps
Loan Growth (YoY)1.83%5.49%7.03%9.50%6.98%+515 bps
Deposit Growth (YoY)15.33%3.03%9.02%10.44%-0.71%-1,604 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.44%1.35%0.10%0.15%0.21%-124 bps
Allowance / Loans4.73%4.39%4.40%4.28%4.15%-57 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 Capital14.40%13.79%14.21%14.10%14.74%+34 bps
Equity / Assets8.70%9.93%9.51%9.45%9.55%+84 bps
Liquidity & Funding
Loans / Deposits79.59%97.50%88.51%90.16%85.76%+616 bps
Liquid Assets / Assets12.72%1.51%4.47%1.88%9.06%-366 bps
CRE / Total Capitaln/an/an/an/an/an/an/a