PackageTrendsPeer
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Med/Pro

Akron, OH · Charter 5643

Q2 2013

$17.5MAssets
$11.3MLoans
$16.1MShares
$1.3MNet 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 0.39%, down 18 bps year over year; NIM at 3.49%.
  • Asset quality: problem loans at 1.01% of loans (+60 bps YoY).
  • Capital: net worth / assets of 7.48%, up 7 bps from a year ago.
  • Funding: loans stand at 69.96% of shares as of Q2 2013.

Financial Results

Return on Assets (YTD, annualized)

0.39%-18 bps YoY

Net Interest Margin (YTD, annualized)

3.49%-31 bps YoY

Efficiency Ratio (YTD, annualized)

90.16%+414 bps YoY

Net Worth / Assets

7.48%+7 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets0.57%0.41%0.46%1.28%0.39%-18 bps
Return on Equity7.65%5.71%5.94%17.71%5.18%-247 bps
Net Interest Margin3.80%3.68%3.86%3.40%3.49%-31 bps
Efficiency Ratio86.02%88.10%87.95%72.14%90.16%+414 bps
Growth
Asset Growth (YoY)6.48%8.04%6.51%4.16%3.92%-256 bps
Loan Growth (YoY)4.94%0.87%-1.54%-6.44%0.92%-402 bps
Share Growth (YoY)6.57%7.87%6.38%3.96%3.81%-276 bps
Asset Quality
Delinquent Loans / Loans0.42%0.39%1.10%0.79%1.01%+60 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.66%0.68%0.70%0.63%0.65%0 bps
Capital
Risk-Based Capital7.40%7.23%7.78%7.21%7.48%+7 bps
Net Worth / Assets7.40%7.23%7.78%7.21%7.48%+7 bps
Liquidity & Funding
Loans / Shares71.97%69.68%74.04%65.61%69.96%-201 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps