Grand Rapids, MI · Charter 61853
Q1 2006
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2006, the quarter ended March 31, 2006, 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.
Grand Rapids, MI · Charter 61853
Q1 2006
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 | Q2 2004 | Q3 2004 | Q4 2004 | Q1 2005 | Q2 2005 | Q3 2005 | Q4 2005 | Q1 2006 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.23% | 1.33% | 1.26% | 1.00% | 1.15% | 1.19% | 1.22% | 1.18% | +18 bps | |
| Return on Equity | 8.03% | 8.23% | 7.78% | 5.88% | 6.55% | 6.55% | 6.59% | 6.24% | +37 bps | |
| Net Interest Margin | 3.43% | 3.53% | 3.44% | 3.41% | 3.49% | 3.58% | 3.58% | 3.64% | +23 bps | |
| Efficiency Ratio | 64.88% | 64.90% | 65.58% | 71.81% | 68.78% | 69.39% | 69.29% | 72.04% | +23 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -0.26% | -3.83% | 0.62% | -4.40% | -5.82% | -4.76% | -6.19% | -3.56% | +85 bps | |
| Loan Growth (YoY) | -10.97% | -5.75% | -5.13% | -4.80% | -3.96% | 3.05% | 3.73% | 1.01% | +581 bps | |
| Share Growth (YoY) | -1.93% | -6.30% | -0.43% | -6.11% | -7.71% | -7.45% | -8.00% | -5.25% | +86 bps | |
| Asset Quality | ||||||||||
| Delinquent Loans / Loans | 0.62% | 1.19% | 0.45% | 0.39% | 0.16% | 0.20% | 0.40% | 0.05% | -34 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 | 1.52% | 1.49% | 1.68% | 1.79% | 1.74% | 1.78% | 1.70% | 1.77% | -2 bps | |
| Capital | ||||||||||
| Risk-Based Capital | 15.34% | 16.19% | 16.15% | 17.02% | 17.53% | 18.19% | 18.47% | 18.96% | +193 bps | |
| Net Worth / Assets | 15.34% | 16.19% | 16.15% | 17.02% | 17.53% | 18.19% | 18.47% | 18.96% | +193 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Shares | 32.13% | 33.38% | 31.80% | 33.27% | 33.44% | 37.18% | 35.86% | 35.47% | +220 bps | |
| Liquid Assets / Assets | 16.45% | 11.46% | 17.39% | 17.49% | 17.62% | 17.73% | 21.08% | 24.75% | +725 bps | |