Morbark Employees

Winn, MI · Charter 62052

Q4 1997

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: Q4 1997, the quarter ended December 31, 1997, 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.

Winn, MI · Charter 62052

Q4 1997

$375KAssets

$292KLoans

$313KShares

n/aNet Worth

Return on Assets (YTD, annualized)

3.91%+46 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	Q4 1996	Q2 1997	Q4 1997	YoY Δ	Trend
Earnings
Return on Assets	3.21%	3.60%	3.12%	3.46%	4.21%	5.47%	1.61%	3.91%	+46 bps
Return on Equity	n/a	n/a	n/a	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	n/a	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	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	8.67%	6.05%	4.83%	-0.14%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	50.37%	32.45%	-1.14%	-11.51%	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	6.45%	1.44%	0.41%	-3.91%	n/a
Asset Quality
Delinquent Loans / Loans	1.62%	3.36%	1.84%	2.49%	1.33%	1.14%	1.04%	2.39%	-10 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	4.24%	3.98%	3.20%	3.09%	2.66%	1.84%	2.03%	1.78%	-131 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	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	n/a	n/a	n/a
Liquidity & Funding
Loans / Shares	71.00%	83.62%	96.22%	101.43%	100.29%	109.18%	94.74%	93.41%	-802 bps
Liquid Assets / Assets	36.63%	26.50%	11.40%	10.00%	12.44%	7.33%	19.71%	15.84%	+583 bps