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Stockbridge State Bank

Stockbridge, MI · Cert 5893

FDIC · 3 branches

Q2 2018

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: Q2 2018, the quarter ended June 30, 2018, 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

Stockbridge State Bank

Stockbridge, MI · Cert 5893

FDIC · 3 branches

Q2 2018

$65.9MAssets
$42.8MLoans
$61.4MDeposits
$4.1MEquity
Loan mix
79%RE $29.2M9%C&I $3.4M12%Consumer $4.3MQ2 2017Q2 2018
Deposit mix
70%Interest-bearing $43.0M30%Noninterest $18.5MQ2 2017Q2 2018

NIM

4.02%Q2 ’163.87%Q2 ’174.01%Q2 ’18-4%+4%

Non-interest income vs. expense

4.50%Q2 ’164.44%Q2 ’177.03%Q2 ’18-3%+76%

Market Position · Lansing-East Lansing, MI · 2018 SOD (annual) · 0.7% share · #17 of 21 inst. · $0.0B of $6.5B

0.8% Ingham
0.5% Livingston
0.9% Eaton

Executive Summary

  • Earnings: ROA of -2.49%, down 311 bps year over year; NIM at 3.82%.
  • Asset quality: problem loans at 1.60% of loans (-47 bps YoY), with net charge-offs at 0.91%.
  • Capital: tier 1 leverage ratio of 6.77%, down 150 bps from a year ago.
  • Funding: loans stand at 69.61% of deposits as of Q2 2018.

Financial Results

Return on Assets (YTD, annualized)

-2.49%-311 bps YoY

Net Interest Margin (YTD, annualized)

3.82%+16 bps YoY

Efficiency Ratio (YTD, annualized)

143.86%+4,959 bps YoY

Tier 1 Leverage Ratio

6.77%-150 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2017Q3 2017Q4 2017Q1 2018Q2 2018YoY ΔTrend
Earnings
Return on Assets0.62%0.55%0.23%0.25%-2.49%-311 bps
Return on Equity8.00%7.07%2.93%3.35%-35.03%-4,303 bps
Net Interest Margin3.66%3.60%3.71%3.54%3.82%+16 bps
Efficiency Ratio94.27%93.12%93.48%92.01%143.86%+4,959 bps
Non-Interest Burden3.39%3.28%3.40%3.18%5.97%+257 bps
Growth
Asset Growth (YoY)4.76%2.98%1.80%4.38%-0.85%-560 bps
Loan Growth (YoY)5.62%7.49%8.40%9.32%8.23%+261 bps
Deposit Growth (YoY)5.57%3.64%1.69%4.93%2.85%-272 bps
Asset Quality
Nonperforming Loans / Loans2.08%2.05%1.21%2.75%1.60%-47 bps
Net Charge-Offs / Loans-0.38%-0.24%0.02%-0.17%0.91%+130 bps
Allowance / Loans0.76%0.75%0.82%0.90%0.59%-17 bps
Allowance Coverage of NPLs0.4x0.4x0.7x0.3x0.4x0.0x
Capital
Tier 1 Leverage Ratio8.28%8.14%8.11%7.62%6.77%-150 bps
Total Risk-Based Capital14.97%14.77%14.56%14.76%11.98%-298 bps
Equity / Assets7.98%7.76%7.64%7.50%6.17%-181 bps
Liquidity & Funding
Loans / Deposits66.16%65.15%69.71%70.54%69.61%+346 bps
Liquid Assets / Assets7.20%7.05%5.16%4.92%5.01%-219 bps
CRE / Total Capitaln/an/an/an/an/an/an/a