Farmington, MI · Charter 62220
Q1 2005
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2005, the quarter ended March 31, 2005, 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.
Farmington, MI · Charter 62220
Q1 2005
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 2003 | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | Q3 2004 | Q4 2004 | Q1 2005 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -0.22% | -0.28% | -0.37% | -0.10% | -0.38% | -0.52% | -0.65% | -1.08% | -98 bps | |
| Return on Equity | -1.69% | -2.15% | -2.76% | -0.74% | -2.96% | -4.06% | -5.14% | -8.87% | -813 bps | |
| Net Interest Margin | 4.05% | 4.06% | 4.23% | 4.01% | 3.80% | 3.87% | 3.84% | 3.63% | -38 bps | |
| Efficiency Ratio | 104.13% | 105.21% | 103.04% | 101.37% | 105.74% | 106.58% | 105.87% | 121.41% | +2,004 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -0.35% | 0.27% | -7.70% | -9.72% | -2.80% | -4.27% | 1.18% | 3.62% | +1,334 bps | |
| Loan Growth (YoY) | -14.61% | -8.39% | -4.59% | 1.38% | -2.81% | -4.64% | -8.42% | -10.73% | -1,211 bps | |
| Share Growth (YoY) | -0.74% | 0.67% | -8.31% | -10.44% | -2.40% | -4.04% | 2.55% | 5.56% | +1,601 bps | |
| Asset Quality | ||||||||||
| Delinquent Loans / Loans | 1.57% | 1.27% | 1.06% | 1.28% | 1.31% | 0.62% | 0.37% | 0.23% | -105 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 | 0.13% | 0.08% | 0.08% | 0.08% | 0.04% | 0.21% | 0.39% | 0.30% | +21 bps | |
| Capital | ||||||||||
| Risk-Based Capital | 12.81% | 12.85% | 13.36% | 13.54% | 12.75% | 12.89% | 12.56% | 12.19% | -136 bps | |
| Net Worth / Assets | 12.81% | 12.85% | 13.36% | 13.54% | 12.75% | 12.89% | 12.56% | 12.19% | -136 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Shares | 65.09% | 66.03% | 69.70% | 72.87% | 64.82% | 65.62% | 62.24% | 61.63% | -1,125 bps | |
| Liquid Assets / Assets | 30.81% | 22.94% | 15.22% | 16.38% | 24.07% | 23.08% | 32.85% | 33.37% | +1,699 bps | |