PackageTrendsPeer
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Merit

Monroeville, PA · Charter 16865

Q2 2006

$9.5MAssets
$4.1MLoans
$7.9MShares
$1.6MNet 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 0.40%, up 33 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 0.16% of loans (-150 bps YoY).
  • Capital: net worth / assets of 16.98%, up 128 bps from a year ago.
  • Funding: loans stand at 52.25% of shares as of Q2 2006.

Financial Results

Return on Assets (YTD, annualized)

0.40%+33 bps YoY

Net Interest Margin (YTD, annualized)

3.03%+16 bps YoY

Efficiency Ratio (YTD, annualized)

84.32%-1,178 bps YoY

Net Worth / Assets

16.98%+128 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets0.07%0.15%0.18%0.33%0.40%+33 bps
Return on Equity0.43%0.91%1.07%1.98%2.34%+191 bps
Net Interest Margin2.87%2.99%2.98%2.90%3.03%+16 bps
Efficiency Ratio96.10%93.74%92.83%85.72%84.32%-1,178 bps
Growth
Asset Growth (YoY)-4.05%-2.92%-1.83%-2.77%-5.75%-170 bps
Loan Growth (YoY)10.33%1.61%-0.15%1.87%-1.72%-1,206 bps
Share Growth (YoY)-4.81%-3.49%-2.37%-3.60%-7.21%-240 bps
Asset Quality
Delinquent Loans / Loans1.66%1.39%1.30%0.26%0.16%-150 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.93%0.82%0.86%0.47%0.50%-43 bps
Capital
Risk-Based Capital15.70%16.18%16.47%16.53%16.98%+128 bps
Net Worth / Assets15.70%16.18%16.47%16.53%16.98%+128 bps
Liquidity & Funding
Loans / Shares49.33%49.93%50.04%49.89%52.25%+292 bps
Liquid Assets / Assets22.85%27.22%24.97%27.95%0.00%-2,285 bps