Farmington Hills, MI · Cert 58604
FDIC · 17 branches
Q1 2022
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2022, the quarter ended March 31, 2022, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Farmington Hills, MI · Cert 58604
FDIC · 17 branches
Q1 2022
Market Position · Detroit-Warren-Dearborn, MI · 2021 SOD (annual) · 0.9% share · #10 of 43 inst. · $1.7B of $202.0B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.81% | 0.88% | 1.04% | 1.52% | 1.38% | 1.45% | 1.40% | 0.22% | -130 bps | |
| Return on Equity | 7.91% | 8.87% | 10.57% | 16.18% | 14.52% | 15.01% | 14.23% | 2.13% | -1,405 bps | |
| Net Interest Margin | 3.01% | 2.93% | 2.86% | 3.22% | 3.18% | 3.27% | 3.21% | 3.02% | -21 bps | |
| Efficiency Ratio | 67.06% | 63.19% | 60.70% | 54.71% | 56.09% | 56.54% | 57.76% | 94.46% | +3,975 bps | |
| Non-Interest Burden | 1.57% | 1.31% | 1.29% | 1.23% | 1.38% | 1.44% | 1.48% | 2.80% | +157 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 68.94% | 62.26% | 54.25% | 33.00% | -1.26% | 4.12% | 3.08% | -7.19% | -4,019 bps | |
| Loan Growth (YoY) | 54.70% | 59.27% | 42.33% | 26.71% | -3.01% | -8.90% | -5.74% | -11.84% | -3,855 bps | |
| Deposit Growth (YoY) | 47.41% | 64.28% | 69.61% | 43.81% | 12.26% | 5.37% | 3.05% | -8.27% | -5,208 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.50% | 1.04% | 1.08% | 0.83% | 0.78% | 0.71% | 0.69% | 0.61% | -22 bps | |
| Net Charge-Offs / Loans | 0.18% | 0.12% | 0.13% | 0.00% | 0.00% | 0.01% | 0.01% | -0.01% | 0 bps | |
| Allowance / Loans | 0.93% | 1.12% | 1.26% | 1.20% | 1.30% | 1.25% | 1.29% | 1.30% | +10 bps | |
| Allowance Coverage of NPLs | 1.9x | 1.1x | 1.2x | 1.4x | 1.7x | 1.8x | 1.9x | 2.1x | +0.7x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.17% | 7.83% | 7.67% | 7.99% | 8.11% | 8.64% | 8.86% | 9.31% | +132 bps | |
| Total Risk-Based Capital | 12.63% | 12.48% | 13.20% | 13.62% | 13.66% | 13.80% | 14.37% | 14.33% | +70 bps | |
| Equity / Assets | 8.74% | 9.15% | 9.53% | 9.22% | 9.86% | 10.11% | 10.46% | 10.30% | +108 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 100.35% | 96.28% | 88.52% | 88.30% | 86.70% | 83.25% | 80.97% | 84.87% | -344 bps | |
| Liquid Assets / Assets | 12.64% | 5.32% | 9.15% | 7.05% | 7.03% | 10.34% | 11.94% | 7.85% | +80 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |