PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Main Street Bank

Northville, MI · Cert 57654

FDIC

Q2 2008

$112.4MAssets
$92.5MLoans
$98.9MDeposits
$2.8MEquity
Loan mix
88%RE $75.4M12%C&I $10.4M0%Consumer $0.1MQ2 2007Q2 2008
Deposit mix
94%Interest-bearing $92.9M6%Noninterest $6.0MQ2 2007Q2 2008

NIM

6.76%Q2 ’067.40%Q2 ’075.96%Q2 ’08-3%-56%

Non-interest income vs. expense

3.66%Q2 ’064.15%Q2 ’075.10%Q2 ’08+10%+47%

Executive Summary

  • Earnings: ROA of -10.29%, down 938 bps year over year; NIM at 1.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 11.26%.
  • Funding: loans stand at 93.47% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

-10.29%-938 bps YoY

Net Interest Margin (YTD, annualized)

1.45%-186 bps YoY

Efficiency Ratio (YTD, annualized)

258%+16,231 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets-0.91%-1.49%-3.34%-9.48%-10.29%-938 bps
Return on Equity-10.20%-17.15%-40.20%-170.63%-221%-21,102 bps
Net Interest Margin3.31%2.97%3.02%1.19%1.45%-186 bps
Efficiency Ratio95.33%99.61%107.10%263%258%+16,231 bps
Non-Interest Burden3.10%2.96%3.31%4.13%4.57%+146 bps
Growth
Asset Growth (YoY)18.33%11.34%-2.73%-15.12%-28.93%-4,726 bps
Loan Growth (YoY)21.83%11.36%-9.93%-21.87%-26.85%-4,868 bps
Deposit Growth (YoY)16.67%8.58%-0.80%-14.92%-30.67%-4,734 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.37%0.56%3.00%8.82%11.26%+1,089 bps
Allowance / Loans1.43%1.94%2.36%2.54%2.10%+68 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 Capital11.88%11.17%8.56%6.81%4.20%-768 bps
Equity / Assets8.33%7.99%6.60%4.47%2.49%-584 bps
Liquidity & Funding
Loans / Deposits88.59%91.23%88.06%81.99%93.47%+488 bps
Liquid Assets / Assets0.01%0.02%0.02%0.02%0.03%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a