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Failed Bank History Report
If you had been a subscriber to the IRA Bank Monitor when would you have known?
  

This institution did not file a CALL/TFR in the most recent FFIEC reporting cycle.
The most recent data available in our database is shown.
Michigan Heritage Bank, member of holding company MICHIGAN HERITAGE BANCORP, INC.
as of March-2009
28300 ORCHARD LAKE ROAD FARMINGTON HILLS, MI, 48334
Data Source: IRA Bank Monitor.  Data in thousands unless otherwise noted.  Copyright 2011 Lord, Whalen LLC All Rights Reserved
Counterparty Quality Score (CQS) Report



IRA Counterparty Quality Analysis
Historial CQS Scores
  - IRA Bank Stress Index (BSI) Factor
  - Asset Quality Trouble Factor
  - FDIC Moral Hazard Factor
March
2009


3
22.1
15.7
3.6

December
2008


3
23.4
16.1
3.3

September
2008


4
21.8
13.6
5.0

June
2008


4
21.4
13.5
7.8

March
2008


4
21.2
8.3
4.2

December
2007


4
20.8
10.0
4.8

September
2007


7
1.5
8.7
2.7

June
2007


7
1.4
5.8
2.8

March
2007


8
1.2
3.1
2.8

December
2006


8
1.6
2.7
2.8

September
2006


8
0.9
3.5
4.5

June
2006


8
0.9
1.7
4.7

IRA Counterparty Quality Scores range from 8 (best) to 1 (worst).
Historical Performance Table



IRA Bank Stress Benchmarks
Grade
Stress Index Number
ROA, %
ROE, %
Efficiency Ratio
Goodwill Writedowns

Capital Ratios
T1/RWA
RBC/RWA
T1/ASSET
Risk Based Capital, Total
Tier 1 RBC
Risk Weighted Assets, Total

Basel II Benchmarks
Bond Equivalent Defaults, Method 1
B.E.D., Method 2
Default Rate, bp
LGD: Loss Given Default, %
M: Wt. Avg. Maturity, yr
EAD: Exposure At Default, %

Economic Capital Analysis
EC
RAROC, %
Tier 1 RBC
T1RBC to EC Leverage
Bank Tangible Common Equity
Percent of Tangible Assets (TCE Ratio)
TCE to EC Leverage

Regulatory Watch Points
Net Income, Period
Total Assets
Lending Assets
Trading Assets
Other Assets (incl. Prepaid Assessments)

Securities Assets

Net Interest Income, YTD
Earning Assets, Total
Net Interest Margin, Current Qtr - Annualized
NIMY, from FDIC 5YR METHOD

Total Deposits
Brokered Deposits
Reciprocal Brokered Deposits
Volatile Liabilities, per FDIC
FHLB Advances

FHLB Advances-to-Assets, percent
Brokered to Total Deposits, percent
FHLB+BRO+VOLIAB to Assets, percent

Gross Defaults, Actual
Provision for Loan Losses, Income Statement
Actual-to-Provision Ratio
Balance Sheet Allowances for Loan Losses

Gross Defaults, Total
30-89 Day Assets, Total
  Guaranteed Portion of 30-89
Over 90 Assets, Total
  Guaranteed Portion of Over 90
Non-Accrual Assets, Total
  Guaranteed Portion of NA
Real Estate Owned (REO)
Total Troubled Assets
Troubled Assets % of Total Assets
   % factored for less 80% GTY Offsets
Non-Conforming Assets, Reported

Off Balance Sheet Derivatives, Notional
Loss Realization Margin to RBC, bp

March
2009


F
22.1
-0.7632
-21.58
127.3%
0

Fail
1.7%
3.0%
1.4%
$4,143
$2,360
$139,542


BB
BB
167.8
77.58
0.60
1.1


$16,612
-2.91%
$2,360
0.1:1
$10,010
6.04%
0.60:1


$-320
$167,710
$120,149
$0
$9,489

$21,410

$876
$152,693
2.29%
2.20%

$149,065
$50,971
$0
$80,474
$6,000

3.58%
34.19%
81.95%

$504
$180
2.80:1
$5,124

$504
$7,627
$0
$2,704
$0
$12,627
$0
$2,804
$26,266
15.66%
15.66%
$15,331

-
-

December
2008


F
23.4
-0.0039
-0.10
132.1%
0

Fail
2.5%
3.8%
2.1%
$5,711
$3,804
$150,105


B
CCC
668.2
98.96
0.58
5.3


$17,891
-51.48%
$3,804
0.2:1
$10,868
6.10%
0.61:1


$-7
$180,283
$129,866
$0
$9,349

$26,435

$4,693
$166,351
2.82%
2.73%

$160,088
$52,733
$0
$86,577
$6,000

3.33%
32.94%
80.60%

$8,677
$9,530
0.91:1
$4,381

$8,677
$7,142
$0
$284
$0
$10,945
$0
$1,947
$28,995
16.08%
16.08%
$11,229

-
-

September
2008


F
21.8
-0.0029
-0.05
114.7%
0

Fail
5.9%
7.1%
5.1%
$11,271
$9,257
$157,837


B
B
322.0
98.25
0.61
2.1


$12,051
-26.96%
$9,257
0.8:1
$11,849
6.60%
0.98:1


$-4
$181,611
$141,670
$0
$7,997

$27,555

$4,022
$169,629
3.16%
3.07%

$155,423
$57,085
$0
$84,582
$9,000

4.96%
36.73%
82.96%

$3,421
$5,860
0.58:1
$5,937

$3,421
$4,761
$0
$18
$0
$15,607
$0
$969
$24,776
13.64%
13.64%
$15,625

-
-

June
2008


F
21.4
-0.0011
-0.02
117.5%
0

Warn
8.5%
9.7%
7.4%
$15,450
$13,466
$158,703


BB
B
218.9
96.38
0.59
2.6


$9,661
-14.02%
$13,466
1.4:1
$12,664
7.03%
1.31:1


$-1
$182,322
$141,255
$0
$7,340

$31,720

$2,737
$171,247
3.20%
3.11%

$147,560
$44,326
$0
$72,841
$14,200

7.79%
30.04%
72.05%

$1,546
$1,740
0.89:1
$3,687

$1,546
$6,656
$0
$536
$0
$15,225
$0
$635
$24,598
13.49%
13.49%
$15,761

-
-

March
2008


F
21.2
-0.3397
-4.27
109.5%
0

Adequate
9.0%
10.3%
7.8%
$16,827
$14,768
$163,783


BB
BB
160.9
99.66
2.11
3.7


$9,890
-4.51%
$14,768
1.5:1
$14,230
7.64%
1.44:1


$-160
$188,406
$147,873
$0
$5,449

$31,949

$1,365
$179,073
3.05%
3.06%

$159,122
$45,641
$0
$78,340
$8,000

4.25%
28.68%
70.05%

$595
$120
4.96:1
$2,965

$595
$1,873
$0
$1,935
$0
$10,494
$0
$757
$15,654
8.31%
8.31%
$12,429

-
-

December
2007


F
20.8
-0.0005
-0.01
96.8%
0

Adequate
9.3%
10.5%
8.3%
$17,623
$15,516
$167,668


BB
BBB
59.2
75.66
2.16
-


$9,155
5.87%
$15,516
1.7:1
$15,207
8.20%
1.66:1


$-1
$187,694
$153,356
$0
$5,303

$26,975

$6,471
$178,212
3.63%
3.73%

$146,420
$24,763
$0
$74,532
$9,000

4.80%
16.91%
57.70%

$908
$1,990
0.46:1
$2,967

$908
$3,400
$0
$4,431
$0
$9,593
$0
$407
$18,739
9.98%
9.98%
$14,024

-
-

September
2007


B
1.5
0.2284
2.51
89.4%
0

Adequate
10.5%
11.7%
9.1%
$18,653
$16,776
$159,538


BBB
A
21.8
7.20
2.09
1.2


$9,554
12.69%
$16,776
1.8:1
$15,831
8.69%
1.66:1


$316
$184,457
$144,391
$932
$5,176

$27,626

$5,170
$174,062
3.96%
3.99%

$159,899
$25,711
$0
$66,163
$5,000

2.71%
16.08%
52.52%

$236
$230
1.03:1
$1,877

$236
$7,604
$0
$3,934
$0
$3,304
$0
$977
$16,055
8.70%
8.70%
$7,238

-
-

June
2007


A
1.4
0.2552
2.78
89.6%
0

Adequate
10.7%
11.9%
9.3%
$18,642
$16,791
$157,119


BBB
AA
12.0
-77.01
2.08
1.2


$7,733
10.76%
$16,791
2.2:1
$16,067
8.92%
2.08:1


$231
$181,026
$144,817
$1,917
$5,147

$27,908

$3,469
$172,892
4.01%
4.03%

$151,328
$28,852
$0
$69,787
$5,000

2.76%
19.07%
57.25%

$87
$120
0.73:1
$1,851

$87
$6,016
$0
$607
$0
$3,269
$0
$570
$10,549
5.83%
5.83%
$3,876

-
-

March
2007


A
1.2
0.3835
4.12
86.3%
0

Adequate
10.7%
11.8%
9.3%
$18,364
$16,727
$155,759


BBB
A
24.2
100.00
2.13
1.2


$6,365
4.08%
$16,727
2.6:1
$16,217
9.03%
2.55:1


$173
$180,452
$143,666
$7,026
$4,837

$20,988

$1,697
$172,127
3.94%
3.96%

$155,647
$21,202
$0
$68,269
$5,000

2.77%
13.62%
52.35%

$87
$60
1.45:1
$1,637

$87
$2,324
$0
$317
$0
$2,299
$0
$570
$5,597
3.10%
3.10%
$2,616

-
-

December
2006


B
1.6
0.2069
2.24
88.8%
0

Adequate
10.5%
11.6%
9.3%
$18,312
$16,689
$158,341


BBB
A
22.7
99.70
2.17
2.3


$8,693
7.90%
$16,689
1.9:1
$16,037
8.97%
1.84:1


$372
$179,835
$145,949
$0
$4,900

$26,681

$7,030
$171,114
4.11%
4.22%

$152,721
$23,147
$0
$64,612
$5,000

2.78%
15.16%
51.58%

$331
$370
0.89:1
$1,623

$331
$623
$0
$392
$0
$2,953
$0
$570
$4,869
2.71%
2.71%
$3,345

-
-

September
2006


A+
0.9
0.5753
5.99
81.1%
0

Adequate
11.1%
12.1%
9.7%
$18,571
$17,076
$153,628


A
AA
5.7
100.00
1.95
9.6


$9,272
12.76%
$17,076
1.8:1
$16,243
9.28%
1.75:1


$760
$176,144
$139,133
$0
$5,590

$28,390

$5,462
$166,445
4.38%
4.41%

$148,013
$27,018
$0
$58,247
$8,000

4.54%
18.25%
52.95%

$59
-
-
$1,495

$59
$4,255
$0
$0
$0
$1,185
$0
$684
$6,183
3.51%
3.51%
$1,185

-
-

June
2006


A+
0.9
0.6166
6.41
79.9%
0

Adequate
11.2%
12.2%
9.8%
$18,368
$16,844
$150,523


A
AA
6.1
100.00
1.98
18.3


$8,315
11.37%
$16,844
2.0:1
$15,790
9.27%
1.90:1


$528
$171,269
$138,709
$0
$5,129

$25,334

$3,589
$162,633
4.41%
4.35%

$143,993
$35,906
$0
$68,860
$8,000

4.67%
24.94%
65.84%

$42
-
-
$1,524

$42
$1,294
$0
$0
$0
$928
$0
$691
$2,955
1.73%
1.73%
$928

-
-

All CALL/TFR's file to identical calendars ending Dec-31. Quarterly values reported are cumulative thru the reporting year. Dollar data in thousands unless otherwise noted. Selected rates pre-computed by FDIC are factored according to criteria from the regulatory agency to derive annualized rates. Peering groups are dynamically generated each quarter based the bank unit being examined. See the quarterly for peer listings.
Lord, Whalen LLC dba Institutional Risk Analytics 371 Van Ness Way Suite 110 Torrance, California 90501 310.676.3300

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