Grand Rapids, MI · Charter 62118
Q3 2006
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2006, the quarter ended September 30, 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 62118
Q3 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 | Q4 2004 | Q1 2005 | Q2 2005 | Q3 2005 | Q4 2005 | Q1 2006 | Q2 2006 | Q3 2006 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.59% | 0.49% | 0.41% | 0.39% | 0.32% | 0.20% | 0.28% | 0.34% | -4 bps | |
| Return on Equity | 3.90% | 3.21% | 2.67% | 2.51% | 2.09% | 1.28% | 1.77% | 2.16% | -35 bps | |
| Net Interest Margin | 3.26% | 3.38% | 3.38% | 3.35% | 3.33% | 3.29% | 3.38% | 3.45% | +9 bps | |
| Efficiency Ratio | 83.67% | 83.81% | 85.76% | 86.59% | 87.91% | 90.83% | 89.25% | 88.14% | +155 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -2.33% | -3.61% | -2.40% | -0.70% | -0.81% | -0.09% | -1.39% | -2.00% | -130 bps | |
| Loan Growth (YoY) | 26.72% | 21.70% | 14.08% | 9.79% | 8.20% | 9.04% | 7.74% | 5.23% | -456 bps | |
| Share Growth (YoY) | -3.01% | -5.08% | -5.34% | -4.73% | -4.96% | -2.67% | -2.97% | -5.05% | -32 bps | |
| Asset Quality | ||||||||||
| Delinquent Loans / Loans | 0.44% | 0.30% | 0.31% | 0.54% | 0.90% | 0.46% | 0.82% | 0.92% | +37 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 | 0.38% | 0.39% | 0.39% | 0.44% | 0.42% | 0.42% | 0.46% | 0.49% | +5 bps | |
| Capital | ||||||||||
| Risk-Based Capital | 15.06% | 15.17% | 15.29% | 15.38% | 15.51% | 15.43% | 15.76% | 15.98% | +61 bps | |
| Net Worth / Assets | 15.06% | 15.17% | 15.29% | 15.38% | 15.51% | 15.43% | 15.76% | 15.98% | +61 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Shares | 67.39% | 67.57% | 71.22% | 74.12% | 76.72% | 75.70% | 79.08% | 82.14% | +802 bps | |
| Liquid Assets / Assets | 2.70% | 2.19% | 2.06% | 2.88% | 3.82% | 4.24% | 0.00% | 0.00% | -288 bps | |