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Piney Grove Community

Swainsboro, GA · Charter 5540

Q2 2014

$53KAssets
$3KLoans
$46KShares
$7KNet 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 -1.05%, down 54 bps year over year; NIM at 0.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 12.73%, down 202 bps from a year ago.
  • Funding: loans stand at 6.85% of shares as of Q2 2014.

Financial Results

Return on Assets (quarter, annualized)

-1.05%-54 bps YoY

Net Interest Margin (quarter, annualized)

0.86%+34 bps YoY

Efficiency Ratio (quarter, annualized)

223%+2,447 bps YoY

Net Worth / Assets

12.73%-202 bps YoY

Discrete quarter, annualized.

MetricQ2 2013Q3 2013Q4 2013Q1 2014Q2 2014YoY ΔTrend
Earnings
Return on Assets-0.51%-1.76%-2.19%-2.49%-1.05%-54 bps
Return on Equity-3.47%-13.05%-17.31%-21.07%-8.28%-481 bps
Net Interest Margin0.52%1.12%0.96%0.78%0.86%+34 bps
Efficiency Ratio198.54%257%327%418%223%+2,447 bps
Growth
Asset Growth (YoY)0.24%5.96%4.03%6.22%-0.12%-35 bps
Loan Growth (YoY)-11.01%-28.85%-54.67%1.30%-29.54%-1,853 bps
Share Growth (YoY)2.63%9.18%7.55%10.16%2.25%-39 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans30.01%43.98%63.16%37.50%42.60%+1,259 bps
Capital
Risk-Based Capital14.75%13.49%12.63%11.83%12.73%-202 bps
Net Worth / Assets14.75%13.49%12.63%11.83%12.73%-202 bps
Liquidity & Funding
Loans / Shares9.95%6.38%4.41%7.24%6.85%-309 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps