Serf

Roseveille, MI · Charter 65320

Q1 1998

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: Q1 1998, the quarter ended March 31, 1998, 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.

Roseveille, MI · Charter 65320

Q1 1998

$54.7MAssets

$36.3MLoans

$49.2MShares

n/aNet Worth

Return on Assets (YTD, annualized)

4.48%+160 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 1994	Q2 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	Q1 1998	YoY Δ	Trend
Earnings
Return on Assets	3.72%	4.09%	4.29%	2.88%	3.94%	4.48%	4.45%	4.48%	+160 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	20.74%	17.26%	22.20%	23.23%	11.16%	-958 bps
Loan Growth (YoY)	n/a	n/a	n/a	28.54%	25.61%	26.84%	32.95%	11.31%	-1,723 bps
Share Growth (YoY)	n/a	n/a	n/a	19.14%	15.94%	21.33%	22.71%	9.80%	-935 bps
Asset Quality
Delinquent Loans / Loans	1.24%	1.52%	1.16%	1.64%	1.41%	1.07%	0.99%	0.71%	-93 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	3.10%	2.99%	2.70%	2.73%	2.60%	2.38%	2.16%	2.11%	-61 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	70.84%	71.36%	72.29%	72.82%	76.75%	74.60%	78.32%	73.82%	+100 bps
Liquid Assets / Assets	16.77%	15.20%	16.71%	14.08%	11.21%	11.30%	10.94%	14.02%	-5 bps