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Charlevoix

Charlevoix, MI · Charter 19776

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

Charlevoix

Charlevoix, MI · Charter 19776

Q4 2014

$181.3MAssets
$127.0MLoans
$159.0MShares
$20.0MNet Worth

Executive Summary

  • Earnings: ROA of 0.47%, down 65 bps year over year; NIM at 3.52%.
  • Asset quality: problem loans at 0.74% of loans (-3 bps YoY).
  • Capital: net worth / assets of 11.06%, down 24 bps from a year ago.
  • Funding: loans stand at 79.90% of shares as of Q4 2014.

Return on Assets (YTD, annualized)

0.47%-65 bps YoY

Net Interest Margin (YTD, annualized)

3.52%+54 bps YoY

Efficiency Ratio (YTD, annualized)

85.44%+1,466 bps YoY

Net Worth / Assets

11.06%-24 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets1.66%1.50%1.31%1.12%1.11%1.10%1.09%0.47%-65 bps
Return on Equity14.73%13.20%11.56%9.95%9.86%9.82%9.53%4.27%-568 bps
Net Interest Margin3.62%3.26%3.21%2.98%3.37%3.38%3.44%3.52%+54 bps
Efficiency Ratio61.38%62.89%66.68%70.78%69.64%71.81%72.68%85.44%+1,466 bps
Growth
Asset Growth (YoY)9.65%7.97%9.24%10.55%9.94%10.43%8.35%6.69%-385 bps
Loan Growth (YoY)5.43%5.51%8.03%11.49%14.19%14.96%15.17%15.36%+387 bps
Share Growth (YoY)9.24%7.36%8.77%10.52%9.99%10.06%7.59%5.56%-495 bps
Asset Quality
Delinquent Loans / Loans0.49%0.37%0.53%0.77%0.70%0.68%0.70%0.74%-3 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.56%0.55%0.51%0.42%0.47%0.38%0.37%0.37%-5 bps
Capital
Risk-Based Capital11.25%11.39%11.32%11.29%11.21%11.25%11.42%11.06%-24 bps
Net Worth / Assets11.25%11.39%11.32%11.29%11.21%11.25%11.42%11.06%-24 bps
Liquidity & Funding
Loans / Shares69.91%71.65%72.63%73.12%72.58%74.84%77.75%79.90%+679 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps