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Bissell Employees

Grand Rapids, MI · Charter 61970

Q3 2014

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: Q3 2014, the quarter ended September 30, 2014, 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

Bissell Employees

Grand Rapids, MI · Charter 61970

Q3 2014

$8.1MAssets
$4.9MLoans
$6.4MShares
$1.6MNet Worth

Executive Summary

  • Earnings: ROA of -0.05%, down 22 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 1.10% of loans (+57 bps YoY).
  • Capital: net worth / assets of 20.24%, up 104 bps from a year ago.
  • Funding: loans stand at 77.07% of shares as of Q3 2014.

Return on Assets (YTD, annualized)

-0.05%-22 bps YoY

Net Interest Margin (YTD, annualized)

3.56%+2 bps YoY

Efficiency Ratio (YTD, annualized)

98.27%+367 bps YoY

Net Worth / Assets

20.24%+104 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets0.37%0.37%0.29%0.17%0.26%-0.32%-0.02%-0.05%-22 bps
Return on Equity2.17%2.19%1.57%0.91%1.29%-1.72%-0.13%-0.23%-113 bps
Net Interest Margin3.38%3.23%3.43%3.55%3.73%3.08%3.37%3.56%+2 bps
Efficiency Ratio90.05%92.44%93.67%94.60%93.03%104.04%97.14%98.27%+367 bps
Growth
Asset Growth (YoY)-11.88%-9.66%-12.30%-12.32%-13.41%-10.04%-2.52%-4.69%+764 bps
Loan Growth (YoY)-1.26%5.48%8.54%9.04%15.56%10.56%5.53%2.54%-650 bps
Share Growth (YoY)-14.24%-15.68%-14.76%-14.44%-15.38%-8.42%-2.23%-5.79%+865 bps
Asset Quality
Delinquent Loans / Loans0.66%0.46%0.75%0.53%3.00%3.12%0.67%1.10%+57 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.77%0.75%0.78%0.70%0.74%0.80%0.82%0.69%-1 bps
Capital
Risk-Based Capital17.11%16.66%18.44%19.20%20.02%18.58%19.00%20.24%+104 bps
Net Worth / Assets17.11%16.66%18.44%19.20%20.02%18.58%19.00%20.24%+104 bps
Liquidity & Funding
Loans / Shares55.31%58.05%64.28%70.81%75.53%70.08%69.37%77.07%+626 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps