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D. N. C.

Mineral Wells, TX · Charter 22462

Q4 2006

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 2006, the quarter ended December 31, 2006, 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

D. N. C.

Mineral Wells, TX · Charter 22462

Q4 2006

$150KAssets
$100KLoans
$148KShares
$1KNet 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 -22.24%, down 2,352 bps year over year; NIM at 6.08%.
  • Asset quality: problem loans at 47.69% of loans (+2,073 bps YoY).
  • Capital: net worth / assets of 0.62%, down 2,014 bps from a year ago.
  • Funding: loans stand at 67.17% of shares as of Q4 2006.

Financial Results

Return on Assets (YTD, annualized)

-22.24%-2,352 bps YoY

Net Interest Margin (YTD, annualized)

6.08%-206 bps YoY

Efficiency Ratio (YTD, annualized)

72.37%+1,892 bps YoY

Net Worth / Assets

0.62%-2,014 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets1.28%1.73%-1.08%-0.85%-22.24%-2,352 bps
Return on Equity6.17%7.98%-4.99%-4.37%-3562%-356,811 bps
Net Interest Margin8.15%7.71%7.04%5.96%6.08%-206 bps
Efficiency Ratio53.44%63.08%101.33%95.56%72.37%+1,892 bps
Growth
Asset Growth (YoY)-11.07%-11.10%-8.25%2.35%-9.17%+190 bps
Loan Growth (YoY)-4.55%-12.71%-1.23%-18.93%-30.10%-2,554 bps
Share Growth (YoY)-14.84%-14.90%-11.08%3.32%13.81%+2,865 bps
Asset Quality
Delinquent Loans / Loans26.96%28.91%53.82%32.33%47.69%+2,073 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans15.85%16.94%16.19%1.02%36.74%+2,089 bps
Capital
Risk-Based Capital20.77%21.69%21.68%19.48%0.62%-2,014 bps
Net Worth / Assets20.77%21.69%21.68%19.48%0.62%-2,014 bps
Liquidity & Funding
Loans / Shares109.36%108.73%113.34%84.36%67.17%-4,219 bps
Liquid Assets / Assets23.83%26.20%0.00%0.00%0.00%-2,383 bps