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Bank of Michigan

Farmington Hills, MI · Cert 57861

FDIC · 1 branch

Q4 2015

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: Q4 2015, the quarter ended December 31, 2015, 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 2026-10-10

Bank of Michigan

Farmington Hills, MI · Cert 57861

FDIC · 1 branch

Q4 2015

$110.9MAssets
$94.6MLoans
$86.7MDeposits
$11.5MEquity
Loan mix
87%RE $58.0M12%C&I $8.2M0%Consumer $0.2MQ4 2014Q4 2015
Deposit mix
67%Interest-bearing $57.9M33%Noninterest $28.8MQ4 2014Q4 2015

NIM

4.87%Q4 ’134.45%Q4 ’144.43%Q4 ’15-8%+2%

Non-interest income vs. expense

4.25%Q4 ’134.26%Q4 ’144.45%Q4 ’15-6%+5%

Market Position · Detroit-Warren-Dearborn, MI · 2015 SOD (annual) · 0.1% share · #35 of 50 inst. · $0.1B of $115.7B

Executive Summary

  • Earnings: ROA of 1.13%, down 1 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.22%.
  • Capital: tier 1 leverage ratio of 10.21%.
  • Funding: loans stand at 109.14% of deposits as of Q4 2015.

Financial Results

Return on Assets (YTD, annualized)

1.13%-1 bps YoY

Net Interest Margin (YTD, annualized)

4.08%+9 bps YoY

Efficiency Ratio (YTD, annualized)

72.51%+121 bps YoY

Tier 1 Leverage Ratio

10.21%

Year to date, annualized, through each quarter.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015YoY ΔTrend
Earnings
Return on Assets1.14%1.21%0.89%1.00%1.13%-1 bps
Return on Equity12.76%12.71%9.20%10.29%11.44%-132 bps
Net Interest Margin4.00%3.87%4.01%4.09%4.08%+9 bps
Efficiency Ratio71.30%71.42%78.10%74.47%72.51%+121 bps
Non-Interest Burden2.28%2.03%2.66%2.56%2.40%+12 bps
Growth
Asset Growth (YoY)5.03%5.74%-4.78%5.33%5.28%+25 bps
Loan Growth (YoY)7.32%15.28%11.76%18.81%12.03%+471 bps
Deposit Growth (YoY)0.29%4.69%-10.30%1.33%-5.38%-567 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%-0.02%-0.01%0.30%0.22%+10 bps
Allowance / Loans1.47%1.43%1.41%1.11%1.09%-38 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/a9.51%9.73%10.10%10.21%n/a
Total Risk-Based Capital13.42%13.45%13.12%13.05%13.10%-32 bps
Equity / Assets9.70%9.40%9.91%9.96%10.37%+66 bps
Liquidity & Funding
Loans / Deposits92.18%85.12%94.28%96.93%109.14%+1,696 bps
Liquid Assets / Assets4.20%9.79%3.89%2.83%1.13%-306 bps
CRE / Total Capitaln/an/an/an/an/an/an/a