PackageTrendsPeer
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VA & Military Employees

Battle Creek, MI · Charter 439

NCUA · 1 branch

Q1 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: Q1 2017, the quarter ended March 31, 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

VA & Military Employees

Battle Creek, MI · Charter 439

NCUA · 1 branch

Q1 2017

$19.7MAssets
$3.8MLoans
$16.7MShares
$3.2MNet Worth

Executive Summary

  • Earnings: ROA of -3.24%, down 304 bps year over year; NIM at 1.97%.
  • Asset quality: problem loans at 0.46% of loans (+9 bps YoY).
  • Capital: net worth / assets of 16.27%, down 175 bps from a year ago.
  • Funding: loans stand at 22.97% of shares as of Q1 2017.

Return on Assets (YTD, annualized)

-3.24%-304 bps YoY

Net Interest Margin (YTD, annualized)

1.97%-21 bps YoY

Efficiency Ratio (YTD, annualized)

236%+12,898 bps YoY

Net Worth / Assets

16.27%-175 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017YoY ΔTrend
Earnings
Return on Assets0.00%-0.14%-0.12%-0.20%-0.01%0.05%0.02%-3.24%-304 bps
Return on Equity0.00%-0.75%-0.66%-1.12%-0.07%0.30%0.11%-19.92%-1,880 bps
Net Interest Margin2.18%2.10%2.10%2.19%2.23%2.18%2.17%1.97%-21 bps
Efficiency Ratio100.01%104.85%104.15%106.78%100.05%97.99%99.14%236%+12,898 bps
Growth
Asset Growth (YoY)3.52%3.33%4.42%0.10%-0.43%2.77%-1.64%5.90%+580 bps
Loan Growth (YoY)0.94%-4.78%-0.17%-0.72%-6.71%-6.58%-7.33%-6.75%-603 bps
Share Growth (YoY)5.02%1.85%5.49%1.15%-0.51%5.57%1.93%9.70%+854 bps
Asset Quality
Delinquent Loans / Loans0.17%0.18%0.18%0.38%0.37%0.25%0.44%0.46%+9 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.53%0.56%0.54%0.55%0.56%0.60%0.62%0.65%+10 bps
Capital
Risk-Based Capital17.71%17.94%17.46%18.02%17.66%17.48%17.77%16.27%-175 bps
Net Worth / Assets17.71%17.94%17.46%18.02%17.66%17.48%17.77%16.27%-175 bps
Liquidity & Funding
Loans / Shares28.24%28.52%27.17%27.02%26.48%25.23%24.70%22.97%-405 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps