PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Cobe Employees

Lakewood, CO · Charter 19845

Q3 2014

$5.4MAssets
$1.9MLoans
$4.9MShares
$438KNet 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 -0.96%, down 82 bps year over year; NIM at 2.48%.
  • Asset quality: problem loans at 0.44% of loans (-76 bps YoY).
  • Capital: net worth / assets of 8.19%, down 15 bps from a year ago.
  • Funding: loans stand at 38.83% of shares as of Q3 2014.

Financial Results

Return on Assets (YTD, annualized)

-0.96%-82 bps YoY

Net Interest Margin (YTD, annualized)

2.48%-30 bps YoY

Efficiency Ratio (YTD, annualized)

131.49%+2,728 bps YoY

Net Worth / Assets

8.19%-15 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets-0.14%0.14%-0.10%-0.36%-0.96%-82 bps
Return on Equity-1.67%1.51%-1.07%-4.10%-11.66%-1,000 bps
Net Interest Margin2.78%2.87%2.78%2.58%2.48%-30 bps
Efficiency Ratio104.21%101.89%102.95%111.42%131.49%+2,728 bps
Growth
Asset Growth (YoY)5.89%0.35%-5.34%-1.38%-3.78%-967 bps
Loan Growth (YoY)-10.13%-10.37%-10.90%-18.66%-20.71%-1,058 bps
Share Growth (YoY)6.80%0.25%-6.08%-1.51%-3.45%-1,026 bps
Asset Quality
Delinquent Loans / Loans1.21%0.00%0.00%0.00%0.44%-76 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.10%0.37%0.39%0.43%0.47%-64 bps
Capital
Risk-Based Capital8.34%9.02%9.25%8.68%8.19%-15 bps
Net Worth / Assets8.34%9.02%9.25%8.68%8.19%-15 bps
Liquidity & Funding
Loans / Shares47.27%49.93%48.78%41.84%38.83%-845 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps