Caledonia, MI · Cert 9329
FDIC
Q1 2004
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2004, the quarter ended March 31, 2004, 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.
Caledonia, MI · Cert 9329
FDIC
Q1 2004
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 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.54% | 1.60% | 1.59% | 1.63% | 1.76% | 1.44% | -0.02% | 1.34% | -30 bps | |
| Return on Equity | 16.67% | 17.20% | 17.02% | 16.71% | 17.88% | 14.60% | -0.14% | 5.72% | -1,099 bps | |
| Net Interest Margin | 4.49% | 4.47% | 4.48% | 4.36% | 4.40% | 4.36% | 0.37% | 3.91% | -45 bps | |
| Efficiency Ratio | 51.74% | 51.45% | 50.33% | 51.18% | 49.57% | 54.07% | 83.30% | 39.69% | -1,149 bps | |
| Non-Interest Burden | 1.96% | 1.90% | 1.80% | 1.64% | 1.48% | 1.78% | 0.29% | 1.53% | -12 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 13.15% | 14.77% | 10.65% | 8.79% | 4.69% | 4.33% | 22.56% | 15.75% | +696 bps | |
| Loan Growth (YoY) | 19.38% | 17.38% | 10.25% | 8.34% | 2.46% | 1.90% | 2.12% | 0.90% | -744 bps | |
| Deposit Growth (YoY) | 23.53% | 22.10% | 19.59% | 8.67% | 5.57% | 3.91% | 4.43% | -1.39% | -1,006 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 | 0.08% | 0.28% | 0.28% | 0.15% | 0.12% | 0.51% | 0.14% | 0.26% | +11 bps | |
| Allowance / Loans | 1.45% | 1.34% | 1.42% | 1.44% | 1.52% | 1.42% | 1.52% | 1.58% | +13 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 | 11.96% | 12.38% | 12.63% | 12.75% | 12.97% | 13.15% | 12.25% | 11.29% | -146 bps | |
| Equity / Assets | 9.11% | 9.47% | 9.59% | 9.97% | 9.88% | 9.88% | 22.60% | 24.12% | +1,415 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 103.77% | 101.65% | 107.43% | 104.79% | 100.72% | 99.68% | 105.06% | 107.23% | +244 bps | |
| Liquid Assets / Assets | 0.01% | 0.05% | 0.01% | 0.37% | 0.01% | 0.03% | 0.03% | 0.01% | -36 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |