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Summit Community Bank

East Lansing, MI · Cert 57401

FDIC

Q1 2014

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2014, the quarter ended March 31, 2014, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Summit Community Bank

East Lansing, MI · Cert 57401

FDIC

Q1 2014

$154.1MAssets
$130.9MLoans
$119.3MDeposits
$16.7MEquity
Loan mix
86%RE $96.1M13%C&I $14.8M1%Consumer $0.6MQ1 2013Q1 2014
Deposit mix
78%Interest-bearing $93.4M22%Noninterest $25.9MQ1 2013Q1 2014

NIM

4.27%Q1 ’124.42%Q1 ’134.36%Q1 ’14+11%+1%

Non-interest income vs. expense

5.31%Q1 ’126.44%Q1 ’135.27%Q1 ’14-8%+14%

Executive Summary

  • Earnings: ROA of 0.99%, down 4 bps year over year; NIM at 3.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.53%.
  • Funding: loans stand at 109.71% of deposits as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

0.99%-4 bps YoY

Net Interest Margin (YTD, annualized)

3.91%+4 bps YoY

Efficiency Ratio (YTD, annualized)

77.71%-74 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets1.03%1.19%1.18%1.16%0.99%-4 bps
Return on Equity10.56%12.14%11.88%11.58%9.26%-130 bps
Net Interest Margin3.87%3.80%3.79%3.76%3.91%+4 bps
Efficiency Ratio78.46%75.66%75.88%75.56%77.71%-74 bps
Non-Interest Burden2.10%1.79%1.85%1.86%2.40%+30 bps
Growth
Asset Growth (YoY)-2.06%1.02%-3.09%-0.64%-3.76%-170 bps
Loan Growth (YoY)13.47%4.07%-4.09%0.96%-1.87%-1,534 bps
Deposit Growth (YoY)-9.00%0.33%0.23%6.23%-0.31%+868 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.17%0.40%0.33%0.36%0.53%+36 bps
Allowance / Loans1.47%1.34%1.36%1.23%1.16%-31 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 Capital14.11%14.35%14.44%14.59%15.30%+118 bps
Equity / Assets9.84%9.90%10.27%10.47%10.86%+102 bps
Liquidity & Funding
Loans / Deposits111.45%108.45%105.24%109.00%109.71%-174 bps
Liquid Assets / Assets1.71%1.88%3.15%1.81%8.14%+643 bps
CRE / Total Capitaln/an/an/an/an/an/an/a