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Miracle Faith

Bridgeport, CT · Charter 23119

Q4 2009

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 2009, the quarter ended December 31, 2009, 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

Miracle Faith

Bridgeport, CT · Charter 23119

Q4 2009

$49KAssets
$3KLoans
$33KShares
$14KNet 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 -8.67%, down 1,077 bps year over year; NIM at 1.43%.
  • Asset quality: problem loans at 18.99% of loans (-92 bps YoY).
  • Capital: net worth / assets of 28.64%, up 894 bps from a year ago.
  • Funding: loans stand at 9.11% of shares as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

-8.67%-1,077 bps YoY

Net Interest Margin (YTD, annualized)

1.43%+4 bps YoY

Efficiency Ratio (YTD, annualized)

981%+87,977 bps YoY

Net Worth / Assets

28.64%+894 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets2.10%-3.58%-0.85%-7.36%-8.67%-1,077 bps
Return on Equity10.67%-21.29%-4.25%-44.33%-30.25%-4,092 bps
Net Interest Margin1.39%0.74%0.75%0.85%1.43%+4 bps
Efficiency Ratio100.96%135.11%76.16%282%981%+87,977 bps
Growth
Asset Growth (YoY)-11.94%-8.72%-15.64%-18.08%-48.26%-3,633 bps
Loan Growth (YoY)-24.85%-18.90%-25.43%-15.05%-75.59%-5,075 bps
Share Growth (YoY)-16.55%-12.01%-20.50%-18.70%-55.49%-3,894 bps
Asset Quality
Delinquent Loans / Loans19.91%43.71%43.34%18.61%18.99%-92 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans29.65%33.38%40.19%51.99%67.28%+3,763 bps
Capital
Risk-Based Capital19.70%16.84%20.01%16.60%28.64%+894 bps
Net Worth / Assets19.70%16.84%20.01%16.60%28.64%+894 bps
Liquidity & Funding
Loans / Shares16.62%13.19%12.76%12.91%9.11%-751 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps