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First Michigan Bank

Troy, MI · Cert 58132

FDIC · 80 branches

Q3 2016

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: Q3 2016, the quarter ended September 30, 2016, 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

First Michigan Bank

Troy, MI · Cert 58132

FDIC · 80 branches

Q3 2016

$7.6BAssets
$5.1BLoans
$5.4BDeposits
$1.6BEquity
Loan mix
71%RE $2.8B26%C&I $1.0B4%Consumer $0.2BQ3 2015Q3 2016
Deposit mix
77%Interest-bearing $4.1B23%Noninterest $1.2BQ3 2015Q3 2016

NIM

3.62%Q3 ’143.76%Q3 ’150.34%Q3 ’16+2%-89%

Non-interest income vs. expense

3.81%Q3 ’143.66%Q3 ’150.72%Q3 ’16-11%-69%

Market Position · Detroit-Warren-Dearborn, MI · 2016 SOD (annual) · 2.4% share · #9 of 49 inst. · $2.9B of $121.7B

3.6% Oakland
26.9% St. Clair
15.9% Trumbull
9.3% Mahoning

Executive Summary

  • Earnings: ROA of -0.23%, down 148 bps year over year; NIM at 0.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.88%, down 38 bps from a year ago.
  • Funding: loans stand at 95.84% of deposits as of Q3 2016.

Financial Results

Return on Assets (YTD, annualized)

-0.23%-148 bps YoY

Net Interest Margin (YTD, annualized)

0.37%-312 bps YoY

Efficiency Ratio (YTD, annualized)

159.07%+8,961 bps YoY

Tier 1 Leverage Ratio

10.88%-38 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets1.25%1.16%1.41%1.28%-0.23%-148 bps
Return on Equity10.91%10.12%12.29%11.05%-1.63%-1,254 bps
Net Interest Margin3.50%3.33%3.43%3.41%0.37%-312 bps
Efficiency Ratio69.46%72.17%61.59%59.37%159.07%+8,961 bps
Non-Interest Burden1.92%1.98%1.79%1.65%0.60%-132 bps
Growth
Asset Growth (YoY)32.54%30.55%23.04%22.85%16.90%-1,564 bps
Loan Growth (YoY)30.60%25.74%21.21%20.57%6.91%-2,369 bps
Deposit Growth (YoY)34.46%28.79%25.39%23.05%4.26%-3,020 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.14%-0.16%0.04%0.18%0.00%+14 bps
Allowance / Loans1.16%1.11%1.06%1.01%0.02%-114 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio11.27%10.54%10.67%10.89%10.88%-38 bps
Total Risk-Based Capital13.59%13.48%13.67%13.85%12.70%-89 bps
Equity / Assets11.37%11.40%11.61%11.63%21.23%+986 bps
Liquidity & Funding
Loans / Deposits93.46%96.77%95.77%96.38%95.84%+238 bps
Liquid Assets / Assets1.64%2.11%2.18%2.68%0.75%-89 bps
CRE / Total Capitaln/an/an/an/an/an/an/a