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Newaygo County Service Employees

Fremont, MI · Charter 61877

NCUA · 2 branches

Q4 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: Q4 2017, the quarter ended December 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

Newaygo County Service Employees

Fremont, MI · Charter 61877

NCUA · 2 branches

Q4 2017

$25.7MAssets
$10.7MLoans
$23.7MShares
$1.9MNet Worth

Executive Summary

  • Earnings: ROA of -0.03%, down 20 bps year over year; NIM at 2.66%.
  • Asset quality: problem loans at 0.67% of loans (-8 bps YoY).
  • Capital: net worth / assets of 7.41%, down 6 bps from a year ago.
  • Funding: loans stand at 45.10% of shares as of Q4 2017.

Return on Assets (YTD, annualized)

-0.03%-20 bps YoY

Net Interest Margin (YTD, annualized)

2.66%+23 bps YoY

Efficiency Ratio (YTD, annualized)

99.85%+372 bps YoY

Net Worth / Assets

7.41%-6 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017YoY ΔTrend
Earnings
Return on Assets0.54%0.35%0.23%0.18%0.46%0.27%0.17%-0.03%-20 bps
Return on Equity6.75%4.41%2.89%2.39%6.16%3.45%2.22%-0.34%-274 bps
Net Interest Margin2.89%2.74%2.60%2.44%2.93%2.73%2.71%2.66%+23 bps
Efficiency Ratio90.21%92.50%95.53%96.13%90.06%93.23%95.17%99.85%+372 bps
Growth
Asset Growth (YoY)1.77%3.16%4.51%5.97%7.90%11.00%6.66%5.10%-86 bps
Loan Growth (YoY)3.77%1.13%2.33%4.91%8.44%9.93%10.77%6.59%+168 bps
Share Growth (YoY)1.84%3.67%4.72%7.15%8.30%11.66%6.73%4.97%-218 bps
Asset Quality
Delinquent Loans / Loans0.71%0.55%0.61%0.75%0.53%0.63%0.48%0.67%-8 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.47%0.34%0.30%0.32%0.31%0.35%0.33%0.11%-21 bps
Capital
Risk-Based Capital7.96%8.00%7.82%7.47%7.55%7.69%7.82%7.41%-6 bps
Net Worth / Assets7.96%8.00%7.82%7.47%7.55%7.69%7.82%7.41%-6 bps
Liquidity & Funding
Loans / Shares44.54%45.43%45.44%44.42%44.60%44.73%47.15%45.10%+68 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps