SAFE & SOUND® STAR RATINGS

Financial statement

BANK OF ALPENA
468 NORTH RIPLEY BOULEVARD
ALPENA, Michigan 49707

STAR RATING: 3 starstarstar
Predictive Indicator neutral
As of June 30, 2014
Federal Reserve System Identifier 2936840




Financial summary ($ in Thousands)
2014
6 months
2013
Year
2012
Year
Total Assets$69,046$73,171$86,676
Loans Receivable, Net34,07338,63040,615
Mortgage-Backed Securities4,1504,5043,323
Investments18,70418,41318,144
Deposits61,68966,15279,428
Borrowings000
Equity7,1316,8057,062
Net Interest Income1,2432,4742,655
Fee Income103154160
Overhead1,1582,4812,527
Net Operating Income238190103
Net Income16313577
Ratio Analysis Profitability%%%
Return on Assets *0.330.190.11
Operating Return on Assets *0.480.260.14
Return on Equity *3.421.971.09
Net Interest Margin *3.653.623.81
Fee Income / Assets *0.240.210.22
Overhead / Assets *3.313.433.51
Efficiency Ratio83.0190.88100.24
Asset Quality%%%
Nonperforming Assets / Assets2.703.412.87
Nonperforming Assets / Equity & Loss Reserves23.9232.7631.55
Loss Reserves / Nonperforming Loans38.5236.2643.66
1-4 Fam Mtg + MBS / Assets22.7022.8618.57
Commercial Real Estate Loans / Assets22.2424.8022.55
Construction Loans / Assets2.321.241.56
Commercial & Industrial Loans / Assets8.269.117.01
Consumer Loans / Assets0.410.440.47
Capitalization%%%
Equity / Assets10.339.308.15
Tangible Capital / Tangible Assets10.339.308.15
Risk-based Capital Ratio22.3319.3918.05
Liquidity%%%
Loans / Deposits55.2358.4051.13
Non-Interest Bearing Deposits / Deposits29.0826.4340.10
Purchased Liabilities2.121.641.78

* Calculations are based on the latest four quarters of income and expense.
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