Peer Analysis

Performance Ratios (%) FDEF Peer Median Peer Average
ROAA 1.20 0.95 0.97
ROAE 9.91 8.97 8.83
Net Interest Margin 3.76 3.17 3.27
Efficiency Ratio 61.70 63.42 63.55
Loans / Deposits 96.93 84.04 83.09
Asset Quality Ratios (%)
NPAs / Assets 1.13 0.69 1.40
NCOs / Avg Loans (0.01) 0.18 0.19
Reserves / Loans 1.38 1.35 1.31
Reserves / NPAs 95.57 129.17 120.86
Capital Ratios (%)
Tier 1 Capital NA NA NA
Tangible Equity / Tangible Assets 9.52 10.00 10.22
Total Equity / Total Assets 11.89 10.68 11.07
Market Ratios
Price / Earnings (x) 14.17 17.63 17.03
Price / Book (%) 133.93 136.52 144.71
Dividend Yield (%) 2.06 2.18 2.22
Data for trailing four quarters

First Defiance Financial Corp.'s peer group consists of the following: First Busey Corporation (BUSE), Lakeland Financial Corporation (LKFN), Macatawa Bank Corporation (MCBC), MainSource Financial Group, Inc. (MSFG), MBT Financial Corp. (MBTF), Peoples Bancorp Inc. (PEBO), United Community Financial Corp. (UCFC)

First Defiance Financial Corp.'s financial data is as of 6/30/2016.

Peer financial data is as of 6/30/2016 except for these companies:

MainSource Financial Group, Inc.'s financial data is as of 3/31/2016.
First Busey Corporation's financial data is as of 3/31/2016.
Macatawa Bank Corporation's financial data is as of 3/31/2016.
MBT Financial Corp.'s financial data is as of 3/31/2016.