PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Firstbank-Alma

Alma, MI · Cert 9108

FDIC

Q4 2012

$367.9MAssets
$197.4MLoans
$310.4MDeposits
$33.0MEquity
Loan mix
73%RE $114.3M16%C&I $25.7M11%Consumer $17.3MQ4 2011Q4 2012
Deposit mix
79%Interest-bearing $246.2M21%Noninterest $64.2MQ4 2011Q4 2012

NIM

4.00%Q4 ’103.99%Q4 ’113.56%Q4 ’12+17%-8%

Non-interest income vs. expense

2.32%Q4 ’102.65%Q4 ’112.48%Q4 ’12+38%-20%

Executive Summary

  • Earnings: ROA of 1.03%, up 72 bps year over year; NIM at 3.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.65%.
  • Funding: loans stand at 63.60% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

1.03%+72 bps YoY

Net Interest Margin (quarter, annualized)

3.22%-28 bps YoY

Efficiency Ratio (quarter, annualized)

57.96%-248 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets0.32%0.77%0.67%0.87%1.03%+72 bps
Return on Equity3.62%8.92%7.84%9.91%11.62%+800 bps
Net Interest Margin3.50%3.41%3.31%3.34%3.22%-28 bps
Efficiency Ratio60.44%59.91%58.08%58.21%57.96%-248 bps
Non-Interest Burden1.78%1.61%1.61%1.56%1.42%-35 bps
Growth
Asset Growth (YoY)41.38%44.99%41.88%2.05%1.07%-4,031 bps
Loan Growth (YoY)36.14%37.56%41.58%-2.96%-2.88%-3,902 bps
Deposit Growth (YoY)44.01%43.48%47.98%2.19%3.57%-4,044 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.32%0.87%1.38%1.22%0.65%-67 bps
Allowance / Loans2.45%2.56%2.54%2.51%2.55%+10 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital15.02%15.36%15.42%15.48%15.81%+79 bps
Equity / Assets8.78%8.41%8.67%8.82%8.97%+19 bps
Liquidity & Funding
Loans / Deposits67.82%64.62%65.34%64.89%63.60%-422 bps
Liquid Assets / Assets2.21%6.92%7.19%4.41%3.37%+116 bps
CRE / Total Capitaln/an/an/an/an/an/an/a