Midland, MI · Charter 61321
Q4 2004
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2004, the quarter ended December 31, 2004, 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.
Midland, MI · Charter 61321
Q4 2004
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | Q3 2004 | Q4 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.10% | 0.09% | -0.19% | 0.02% | 0.00% | -0.55% | -0.41% | -0.60% | -62 bps | |
| Return on Equity | 1.41% | 1.31% | -2.83% | 0.28% | 0.01% | -7.65% | -5.61% | -8.42% | -870 bps | |
| Net Interest Margin | 4.69% | 4.45% | 4.56% | 4.58% | 4.04% | 4.14% | 4.21% | 4.21% | -37 bps | |
| Efficiency Ratio | 82.06% | 82.60% | 82.44% | 82.64% | 88.16% | 85.60% | 84.41% | 87.06% | +442 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.67% | 5.42% | 0.23% | -1.39% | -5.96% | -11.33% | -8.48% | -6.48% | -509 bps | |
| Loan Growth (YoY) | -18.08% | -25.15% | -27.93% | -27.55% | -28.76% | -27.64% | -25.80% | -25.51% | +204 bps | |
| Share Growth (YoY) | 9.09% | 3.65% | 0.64% | 0.04% | -6.15% | -11.56% | -8.56% | -6.92% | -696 bps | |
| Asset Quality | ||||||||||
| Delinquent Loans / Loans | 4.26% | 3.88% | 4.01% | 4.38% | 4.73% | 4.13% | 4.64% | 5.27% | +89 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 2.32% | 2.43% | 2.47% | 2.83% | 2.95% | 3.61% | 3.93% | 4.10% | +127 bps | |
| Capital | ||||||||||
| Risk-Based Capital | 6.87% | 6.71% | 6.84% | 7.19% | 7.30% | 7.26% | 7.35% | 7.10% | -10 bps | |
| Net Worth / Assets | 6.87% | 6.71% | 6.84% | 7.19% | 7.30% | 7.26% | 7.35% | 7.10% | -10 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Shares | 60.30% | 52.97% | 52.03% | 49.53% | 45.77% | 43.34% | 42.22% | 39.64% | -989 bps | |
| Liquid Assets / Assets | 39.41% | 37.45% | 33.18% | 32.62% | 31.86% | 26.38% | 24.46% | 29.84% | -278 bps | |