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 March 31, 2014
Federal Reserve System Identifier 2936840




Financial summary ($ in Thousands)
2014
3 months
2013
Year
2012
Year
Total Assets$69,823$73,171$86,676
Loans Receivable, Net37,34038,63040,615
Mortgage-Backed Securities4,3524,5043,323
Investments19,24018,41318,144
Deposits62,76966,15279,428
Borrowings000
Equity6,9536,8057,062
Net Interest Income5952,4742,655
Fee Income53154160
Overhead5882,4812,527
Net Operating Income98190103
Net Income6813577
Ratio Analysis Profitability%%%
Return on Assets *0.230.190.11
Operating Return on Assets *0.320.260.14
Return on Equity *2.391.971.09
Net Interest Margin *3.603.623.81
Fee Income / Assets *0.230.210.22
Overhead / Assets *3.383.433.51
Efficiency Ratio85.8490.88100.24
Asset Quality%%%
Nonperforming Assets / Assets3.463.412.87
Nonperforming Assets / Equity & Loss Reserves31.3432.7631.55
Loss Reserves / Nonperforming Loans35.5736.2643.66
1-4 Fam Mtg + MBS / Assets23.1522.8618.57
Commercial Real Estate Loans / Assets26.5224.8022.55
Construction Loans / Assets1.551.241.56
Commercial & Industrial Loans / Assets8.299.117.01
Consumer Loans / Assets0.400.440.47
Capitalization%%%
Equity / Assets9.969.308.15
Tangible Capital / Tangible Assets9.969.308.15
Risk-based Capital Ratio20.1619.3918.05
Liquidity%%%
Loans / Deposits59.4958.4051.13
Non-Interest Bearing Deposits / Deposits26.5826.4340.10
Purchased Liabilities1.831.641.78

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