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First State Refinery

Delaware City, DE · Charter 13280

NCUA · 1 branch

Q2 2016

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: Q2 2016, the quarter ended June 30, 2016, 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

First State Refinery

Delaware City, DE · Charter 13280

NCUA · 1 branch

Q2 2016

$5.6MAssets
$663KLoans
$4.1MShares
$1.5MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of -3.90%, down 368 bps year over year; NIM at -1.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 26.31%, up 309 bps from a year ago.
  • Funding: loans stand at 16.09% of shares as of Q2 2016.

Financial Results

Return on Assets (YTD, annualized)

-3.90%-368 bps YoY

Net Interest Margin (YTD, annualized)

-1.89%-381 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

26.31%+309 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets-0.22%-0.32%-0.49%0.08%-3.90%-368 bps
Return on Equity-0.96%-1.33%-2.01%0.32%-14.83%-1,387 bps
Net Interest Margin1.92%2.03%2.05%2.14%-1.89%-381 bps
Efficiency Ratio111.60%107.44%116.76%96.11%n/an/a
Growth
Asset Growth (YoY)-2.01%-1.91%-5.53%-13.05%-19.07%-1,706 bps
Loan Growth (YoY)-16.45%-13.27%-16.07%-13.18%0.61%+1,706 bps
Share Growth (YoY)-2.54%-2.34%-6.63%-16.65%-22.33%-1,979 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.17%1.01%1.75%1.95%1.75%+58 bps
Capital
Risk-Based Capital23.22%23.73%24.49%26.33%26.31%+309 bps
Net Worth / Assets23.22%23.73%24.49%26.33%26.31%+309 bps
Liquidity & Funding
Loans / Shares12.42%13.39%13.14%13.46%16.09%+367 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps