Farwell, MI · Cert 8174
FDIC
Q3 2006
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
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 | 1.79% | 1.59% | 1.63% | 1.68% | 1.67% | 1.42% | 1.44% | 1.52% | -15 bps | |
| Return on Equity | 10.36% | 9.59% | 10.26% | 10.68% | 10.69% | 9.39% | 9.42% | 9.84% | -84 bps | |
| Net Interest Margin | 4.01% | 3.74% | 3.70% | 3.76% | 3.84% | 3.68% | 3.71% | 3.78% | +3 bps | |
| Efficiency Ratio | 40.40% | 42.13% | 41.84% | 42.01% | 43.23% | 49.16% | 47.96% | 46.93% | +492 bps | |
| Non-Interest Burden | 1.39% | 1.40% | 1.36% | 1.36% | 1.43% | 1.66% | 1.61% | 1.57% | +21 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -3.02% | -1.65% | -0.52% | -0.32% | 0.12% | -0.66% | -3.34% | -3.11% | -279 bps | |
| Loan Growth (YoY) | 4.48% | 4.26% | 1.55% | -0.58% | -0.71% | -1.38% | 1.20% | 0.67% | +124 bps | |
| Deposit Growth (YoY) | -1.07% | 0.87% | 1.80% | 1.47% | 2.05% | 0.98% | -2.05% | -4.54% | -601 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.04% | 0.03% | -0.01% | 0.00% | 0.07% | 0.21% | 0.12% | 0.09% | +9 bps | |
| Allowance / Loans | 1.26% | 1.25% | 1.28% | 1.27% | 1.20% | 1.15% | 1.13% | 1.12% | -15 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 32.80% | 32.75% | 29.41% | 29.95% | 29.80% | 30.23% | 30.69% | 31.37% | +142 bps | |
| Equity / Assets | 16.84% | 16.42% | 14.52% | 15.01% | 15.16% | 15.00% | 15.60% | 16.16% | +115 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 88.77% | 85.32% | 84.55% | 84.17% | 86.38% | 83.32% | 87.35% | 88.77% | +460 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |