Manistee Salt Employees

Manistee, MI · Charter 61977

Q2 1996

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 1996, the quarter ended June 30, 1996, 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.

Manistee, MI · Charter 61977

Q2 1996

$2.6MAssets

$2.2MLoans

$2.3MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

4.78%+90 bps YoY

Net Interest Margin (YTD, annualized)

n/a

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q2 1994	Q4 1994	Q2 1995	Q4 1995	Q2 1996	YoY Δ	Trend
Earnings
Return on Assets	3.88%	4.16%	4.44%	4.69%	4.78%	+90 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Growth
Asset Growth (YoY)	n/a	n/a	n/a	n/a	-2.66%	n/a	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	24.68%	n/a	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	-4.67%	n/a	n/a
Asset Quality
Delinquent Loans / Loans	0.31%	0.08%	0.00%	0.82%	0.41%	+11 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.88%	0.59%	0.54%	0.51%	0.53%	-35 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Worth / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Shares	73.74%	79.53%	86.48%	94.00%	96.44%	+2,270 bps
Liquid Assets / Assets	31.80%	24.90%	21.83%	14.64%	14.07%	-1,773 bps