Blodgett

Grand Rapids, MI · Charter 62466

Q2 1999

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 1999, the quarter ended June 30, 1999, 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 62466

Q2 1999

$9.9MAssets

$6.7MLoans

$8.9MShares

n/aNet Worth

Return on Assets (YTD, annualized)

3.49%+11 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	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	Q2 1998	Q4 1998	Q2 1999	YoY Δ	Trend
Earnings
Return on Assets	3.50%	3.29%	3.37%	3.39%	3.15%	3.86%	3.70%	3.49%	+11 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	2.14%	1.98%	12.44%	25.69%	37.98%	49.88%	39.01%	+2,656 bps
Loan Growth (YoY)	n/a	37.40%	51.13%	51.46%	86.82%	80.31%	75.25%	63.84%	+1,238 bps
Share Growth (YoY)	n/a	0.00%	0.03%	9.90%	23.63%	38.31%	51.42%	39.57%	+2,967 bps
Asset Quality
Delinquent Loans / Loans	0.40%	0.48%	0.62%	1.19%	0.77%	0.57%	0.29%	1.27%	+8 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	1.98%	1.99%	1.65%	1.25%	0.91%	0.72%	0.62%	0.53%	-72 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	47.19%	52.52%	61.57%	64.21%	71.31%	68.46%	71.26%	75.38%	+1,116 bps
Liquid Assets / Assets	33.36%	18.80%	10.77%	30.99%	24.65%	25.82%	21.43%	27.78%	-321 bps