PackageTrendsPeer
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Members Heritage

Lexington, KY · Charter 13638

Q3 2014

$348.7MAssets
$186.3MLoans
$305.6MShares
$41.3MNet 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 0.31%, up 15 bps year over year; NIM at 2.97%.
  • Asset quality: problem loans at 1.48% of loans (+31 bps YoY).
  • Capital: net worth / assets of 11.86%, up 100 bps from a year ago.
  • Funding: loans stand at 60.96% of shares as of Q3 2014.

Financial Results

Return on Assets (YTD, annualized)

0.31%+15 bps YoY

Net Interest Margin (YTD, annualized)

2.97%-5 bps YoY

Efficiency Ratio (YTD, annualized)

81.12%-444 bps YoY

Net Worth / Assets

11.86%+100 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets0.16%0.24%0.21%0.22%0.31%+15 bps
Return on Equity1.47%2.05%1.79%1.92%2.62%+115 bps
Net Interest Margin3.02%3.09%2.92%2.96%2.97%-5 bps
Efficiency Ratio85.56%81.51%84.61%81.27%81.12%-444 bps
Growth
Asset Growth (YoY)0.73%-0.53%-0.44%0.76%0.44%-30 bps
Loan Growth (YoY)-1.18%-2.11%-1.29%-1.41%-0.01%+116 bps
Share Growth (YoY)2.40%0.12%-1.61%-0.35%-0.32%-273 bps
Asset Quality
Delinquent Loans / Loans1.17%1.10%1.16%1.29%1.48%+31 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.22%1.29%1.30%1.36%1.31%+8 bps
Capital
Risk-Based Capital10.86%11.95%11.55%11.70%11.86%+100 bps
Net Worth / Assets10.86%11.95%11.55%11.70%11.86%+100 bps
Liquidity & Funding
Loans / Shares60.77%62.13%58.90%59.89%60.96%+19 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps