PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Penn

Goshen, IN · Charter 60007

Q4 2005

$13.3MAssets
$3.8MLoans
$11.7MShares
$1.6MNet 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 0.10%, up 22 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 4.18% of loans (+181 bps YoY).
  • Capital: net worth / assets of 11.89%, up 109 bps from a year ago.
  • Funding: loans stand at 32.70% of shares as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

0.10%+22 bps YoY

Net Interest Margin (YTD, annualized)

3.33%+28 bps YoY

Efficiency Ratio (YTD, annualized)

93.87%-381 bps YoY

Net Worth / Assets

11.89%+109 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets-0.12%0.07%0.04%0.02%0.10%+22 bps
Return on Equity-1.10%0.68%0.41%0.21%0.84%+194 bps
Net Interest Margin3.05%3.00%3.14%3.29%3.33%+28 bps
Efficiency Ratio97.68%92.32%93.33%94.51%93.87%-381 bps
Growth
Asset Growth (YoY)-6.26%-5.70%-5.31%-9.20%-9.36%-311 bps
Loan Growth (YoY)-12.36%-11.85%-9.47%-11.86%-14.93%-257 bps
Share Growth (YoY)-6.02%-6.28%-8.20%-10.20%-7.67%-165 bps
Asset Quality
Delinquent Loans / Loans2.37%2.01%1.84%2.17%4.18%+181 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.67%1.34%1.62%1.93%2.09%+42 bps
Capital
Risk-Based Capital10.80%10.80%11.06%11.56%11.89%+109 bps
Net Worth / Assets10.80%10.80%11.06%11.56%11.89%+109 bps
Liquidity & Funding
Loans / Shares35.49%33.64%34.23%32.96%32.70%-279 bps
Liquid Assets / Assets13.01%14.29%18.56%20.27%26.61%+1,360 bps