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North Andover Municipal

No. Andover, MA · Charter 24450

Q2 2013

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: Q2 2013, the quarter ended June 30, 2013, 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

North Andover Municipal

No. Andover, MA · Charter 24450

Q2 2013

$2.2MAssets
$835KLoans
$2.0MShares
$179KNet 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 -1.10%, down 138 bps year over year; NIM at 2.72%.
  • Asset quality: problem loans at 9.16% of loans (+445 bps YoY).
  • Capital: net worth / assets of 8.07%, down 240 bps from a year ago.
  • Funding: loans stand at 41.12% of shares as of Q2 2013.

Financial Results

Return on Assets (YTD, annualized)

-1.10%-138 bps YoY

Net Interest Margin (YTD, annualized)

2.72%-100 bps YoY

Efficiency Ratio (YTD, annualized)

137.92%+3,654 bps YoY

Net Worth / Assets

8.07%-240 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets0.28%-0.31%-2.73%-1.26%-1.10%-138 bps
Return on Equity2.71%-2.85%-33.53%-15.41%-13.61%-1,631 bps
Net Interest Margin3.72%3.47%3.67%2.63%2.72%-100 bps
Efficiency Ratio101.37%110.68%119.32%143.62%137.92%+3,654 bps
Growth
Asset Growth (YoY)5.91%-0.80%-0.33%-10.22%-10.27%-1,618 bps
Loan Growth (YoY)-9.24%-13.79%-25.20%-34.71%-34.26%-2,501 bps
Share Growth (YoY)5.80%-1.28%2.65%-8.31%-7.73%-1,353 bps
Asset Quality
Delinquent Loans / Loans4.72%6.44%6.49%12.44%9.16%+445 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.65%0.98%5.78%4.80%5.31%+465 bps
Capital
Risk-Based Capital10.47%10.86%8.15%8.19%8.07%-240 bps
Net Worth / Assets10.47%10.86%8.15%8.19%8.07%-240 bps
Liquidity & Funding
Loans / Shares57.72%55.14%48.39%43.75%41.12%-1,660 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps