PackageTrendsPeer
Letter portraitLegal landscape

White Products Employees

Middleville, MI · Charter 10034

Q4 2014

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2014, the quarter ended December 31, 2014, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

White Products Employees

Middleville, MI · Charter 10034

Q4 2014

$6.5MAssets
$3.3MLoans
$5.9MShares
$608KNet Worth

Executive Summary

  • Earnings: ROA of 0.81%, up 21 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.29% of loans (-7 bps YoY).
  • Capital: net worth / assets of 9.40%, up 81 bps from a year ago.
  • Funding: loans stand at 56.30% of shares as of Q4 2014.

Return on Assets (YTD, annualized)

0.81%+21 bps YoY

Net Interest Margin (YTD, annualized)

4.09%+23 bps YoY

Efficiency Ratio (YTD, annualized)

86.16%+532 bps YoY

Net Worth / Assets

9.40%+81 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets0.60%0.86%0.65%0.60%1.65%1.23%1.25%0.81%+21 bps
Return on Equity7.27%10.15%7.60%6.97%19.26%13.78%13.22%8.61%+163 bps
Net Interest Margin3.69%3.75%3.89%3.86%3.68%3.82%4.00%4.09%+23 bps
Efficiency Ratio77.16%78.70%78.04%80.84%75.09%77.30%75.42%86.16%+532 bps
Growth
Asset Growth (YoY)5.41%2.94%2.61%5.37%5.92%4.29%2.12%0.00%-537 bps
Loan Growth (YoY)-10.83%-0.98%-1.93%2.66%8.18%-0.48%0.27%0.26%-240 bps
Share Growth (YoY)5.54%2.35%2.28%1.50%2.87%3.17%1.12%2.69%+119 bps
Asset Quality
Delinquent Loans / Loans0.23%0.60%0.35%0.36%0.80%0.45%0.36%0.29%-7 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.64%0.53%0.66%0.65%0.38%0.40%0.34%0.27%-38 bps
Capital
Risk-Based Capital8.20%8.50%8.61%8.59%8.59%8.93%9.49%9.40%+81 bps
Net Worth / Assets8.20%8.50%8.61%8.59%8.59%8.93%9.49%9.40%+81 bps
Liquidity & Funding
Loans / Shares51.44%57.75%57.60%57.66%54.09%55.71%57.12%56.30%-136 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps