Morganton, NC · Charter 17774
Q1 2006
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2006, the quarter ended March 31, 2006, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Morganton, NC · Charter 17774
Q1 2006
NIM decomposition not available for credit unions
Non-interest trend not available for credit unions
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q1 2005 | Q2 2005 | Q3 2005 | Q4 2005 | Q1 2006 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.45% | 0.47% | 0.65% | 0.41% | 1.68% | +123 bps | |
| Return on Equity | 2.12% | 2.24% | 3.06% | 1.80% | 7.68% | +556 bps | |
| Net Interest Margin | 2.29% | 2.30% | 2.53% | 2.81% | 3.70% | +141 bps | |
| Efficiency Ratio | 78.69% | 81.39% | 75.23% | 78.94% | 54.90% | -2,378 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 6.66% | 6.02% | 4.13% | 2.50% | 0.10% | -656 bps | |
| Loan Growth (YoY) | -9.71% | -3.90% | 28.71% | 38.56% | 48.09% | +5,780 bps | |
| Share Growth (YoY) | 9.10% | 8.07% | 5.07% | 2.68% | -0.56% | -966 bps | |
| Asset Quality | |||||||
| Delinquent Loans / Loans | 2.47% | 0.30% | 0.09% | 0.00% | 0.00% | -247 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 1.35% | 1.28% | 1.03% | 1.69% | 1.66% | +31 bps | |
| Capital | |||||||
| Risk-Based Capital | 21.26% | 21.14% | 21.25% | 22.89% | 21.93% | +67 bps | |
| Net Worth / Assets | 21.26% | 21.14% | 21.25% | 22.89% | 21.93% | +67 bps | |
| Liquidity & Funding | |||||||
| Loans / Shares | 28.58% | 31.17% | 37.77% | 42.61% | 42.57% | +1,398 bps | |
| Liquid Assets / Assets | 75.92% | 73.58% | 68.51% | 65.64% | 65.14% | -1,078 bps | |