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Love Gospel Assembly

Bronx, NY · Charter 24740

NCUA · 1 branch

Q2 2017

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 2017, the quarter ended June 30, 2017, 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

Love Gospel Assembly

Bronx, NY · Charter 24740

NCUA · 1 branch

Q2 2017

$62KAssets
$15KLoans
$58KShares
$3KNet 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 2.42%, up 348 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.00% of loans (-565 bps YoY).
  • Capital: net worth / assets of 4.93%, down 478 bps from a year ago.
  • Funding: loans stand at 26.22% of shares as of Q2 2017.

Financial Results

Return on Assets (YTD, annualized)

2.42%+348 bps YoY

Net Interest Margin (YTD, annualized)

4.09%+224 bps YoY

Efficiency Ratio (YTD, annualized)

42.11%-11,272 bps YoY

Net Worth / Assets

4.93%-478 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2016Q3 2016Q4 2016Q1 2017Q2 2017YoY ΔTrend
Earnings
Return on Assets-1.06%-10.88%-9.24%1.59%2.42%+348 bps
Return on Equity-10.89%-453%-357%37.86%49.16%+6,005 bps
Net Interest Margin1.85%2.15%1.81%5.18%4.09%+224 bps
Efficiency Ratio154.83%583%590%69.40%42.11%-11,272 bps
Growth
Asset Growth (YoY)-5.96%-18.32%-12.48%-42.80%-39.66%-3,370 bps
Loan Growth (YoY)13.65%12.65%-36.46%-9.87%-33.36%-4,701 bps
Share Growth (YoY)-2.62%-8.47%-4.91%-39.93%-36.51%-3,389 bps
Asset Quality
Delinquent Loans / Loans5.65%2.66%64.92%9.46%0.00%-565 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans31.08%32.65%52.81%43.36%46.63%+1,555 bps
Capital
Risk-Based Capital9.71%2.40%2.59%4.19%4.93%-478 bps
Net Worth / Assets9.71%2.40%2.59%4.19%4.93%-478 bps
Liquidity & Funding
Loans / Shares24.98%24.57%15.75%28.56%26.22%+124 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps