Shiawassee Community

Owosso, MI · Charter 61583

NCUA · 6 branches

Q2 2018

$208.5MAssets

$74.5MLoans

$183.2MShares

$23.2MNet Worth

Executive Summary

Earnings: ROA of 0.32%, down 20 bps year over year; NIM at 2.98%.
Asset quality: problem loans at 0.59% of loans (+16 bps YoY), with net charge-offs at 0.44%.
Capital: net worth / assets of 11.12%, up 18 bps from a year ago.
Funding: loans stand at 40.67% of shares as of Q2 2018.

Return on Assets (quarter, annualized)

0.32%-20 bps YoY

Net Interest Margin (quarter, annualized)

2.98%+30 bps YoY

Efficiency Ratio (quarter, annualized)

87.48%+646 bps YoY

Net Worth / Assets

11.12%+18 bps YoY

Discrete quarter, annualized.

Metric	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017	Q1 2018	Q2 2018	YoY Δ
Earnings
Return on Assets	0.56%	0.66%	0.44%	0.52%	0.69%	0.69%	1.03%	0.32%	-20 bps
Return on Equity	4.97%	5.89%	4.05%	4.73%	6.06%	6.01%	9.16%	2.84%	-189 bps
Net Interest Margin	2.52%	2.52%	2.60%	2.68%	2.80%	2.83%	2.96%	2.98%	+30 bps
Efficiency Ratio	81.12%	78.98%	82.13%	81.02%	78.66%	77.32%	72.86%	87.48%	+646 bps
Growth
Asset Growth (YoY)	8.17%	6.25%	8.18%	7.92%	6.06%	4.76%	4.17%	3.65%	-427 bps
Loan Growth (YoY)	6.81%	6.90%	5.67%	5.85%	6.15%	4.71%	2.00%	-1.12%	-697 bps
Share Growth (YoY)	8.39%	5.98%	8.49%	8.16%	5.62%	4.45%	3.71%	3.71%	-445 bps
Asset Quality
Delinquent Loans / Loans	0.27%	0.55%	0.49%	0.43%	0.60%	0.77%	0.42%	0.59%	+16 bps
Net Charge-Offs / Loans	0.69%	0.65%	0.59%	0.56%	0.55%	0.52%	0.46%	0.44%	-12 bps
Allowance / Loans	0.95%	0.94%	0.96%	0.98%	0.98%	1.00%	0.88%	0.84%	-14 bps
Capital
Risk-Based Capital	11.20%	11.25%	10.84%	10.94%	11.32%	11.43%	11.22%	11.12%	+18 bps
Net Worth / Assets	11.20%	11.25%	10.84%	10.94%	11.32%	11.43%	11.22%	11.12%	+18 bps
Liquidity & Funding
Loans / Shares	44.09%	43.92%	42.02%	42.65%	44.31%	44.03%	41.33%	40.67%	-199 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps