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Inspire Community Development

Battle Creek, MI · Charter 24825

Q2 2012

$421KAssets
$144KLoans
$364KShares
$55KNet 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 -52.87%, down 4,350 bps year over year; NIM at 5.25%.
  • Asset quality: problem loans at 19.72% of loans (-1,612 bps YoY).
  • Capital: net worth / assets of 13.07%, down 2,943 bps from a year ago.
  • Funding: loans stand at 39.56% of shares as of Q2 2012.

Financial Results

Return on Assets (YTD, annualized)

-52.87%-4,350 bps YoY

Net Interest Margin (YTD, annualized)

5.25%+311 bps YoY

Efficiency Ratio (YTD, annualized)

508%+2,782 bps YoY

Net Worth / Assets

13.07%-2,943 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets-9.37%-19.24%-25.33%-55.82%-52.87%-4,350 bps
Return on Equity-22.04%-55.64%-86.47%-296%-405%-38,247 bps
Net Interest Margin2.14%2.36%2.61%4.62%5.25%+311 bps
Efficiency Ratio480%568%620%533%508%+2,782 bps
Growth
Asset Growth (YoY)n/an/a6.09%-25.73%-35.94%n/a
Loan Growth (YoY)n/an/a60.35%27.38%13.77%n/a
Share Growth (YoY)n/an/a37.40%7.41%-2.73%n/a
Asset Quality
Delinquent Loans / Loans35.83%38.26%27.94%17.06%19.72%-1,612 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.81%20.34%18.13%30.64%35.26%+3,445 bps
Capital
Risk-Based Capital42.50%34.57%29.29%18.87%13.07%-2,943 bps
Net Worth / Assets42.50%34.57%29.29%18.87%13.07%-2,943 bps
Liquidity & Funding
Loans / Shares33.82%32.26%39.04%38.86%39.56%+574 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps