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Grand Rapids Federal Employees

Grand Rapids, MI · Charter 62096

NCUA · 3 branches

Q2 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: Q2 2017, the quarter ended June 30, 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

Grand Rapids Federal Employees

Grand Rapids, MI · Charter 62096

NCUA · 3 branches

Q2 2017

$66.1MAssets
$44.9MLoans
$58.8MShares
$6.8MNet Worth

Executive Summary

  • Earnings: ROA of -0.31%, down 69 bps year over year; NIM at 3.54%.
  • Asset quality: problem loans at 0.75% of loans (-12 bps YoY), with net charge-offs at 0.58%.
  • Capital: net worth / assets of 10.28%, down 85 bps from a year ago.
  • Funding: loans stand at 76.38% of shares as of Q2 2017.

Return on Assets (YTD, annualized)

-0.31%-69 bps YoY

Net Interest Margin (YTD, annualized)

3.54%-23 bps YoY

Efficiency Ratio (YTD, annualized)

95.67%+343 bps YoY

Net Worth / Assets

10.28%-85 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017YoY ΔTrend
Earnings
Return on Assets0.42%0.52%0.19%0.37%0.43%0.42%0.12%-0.31%-69 bps
Return on Equity3.80%4.63%1.77%3.33%3.84%3.77%1.19%-3.06%-639 bps
Net Interest Margin3.69%3.80%3.70%3.78%3.75%3.72%3.44%3.54%-23 bps
Efficiency Ratio91.63%90.06%96.25%92.23%91.41%89.45%92.19%95.67%+343 bps
Growth
Asset Growth (YoY)11.83%6.88%4.10%3.71%3.17%5.43%11.30%9.13%+543 bps
Loan Growth (YoY)23.35%14.04%10.63%3.29%0.45%2.38%3.99%4.58%+129 bps
Share Growth (YoY)12.23%9.90%3.43%4.42%3.98%4.74%12.29%10.04%+561 bps
Asset Quality
Delinquent Loans / Loans0.71%0.75%0.64%0.86%0.53%0.57%0.59%0.75%-12 bps
Net Charge-Offs / Loansn/an/a0.82%0.80%0.74%0.69%0.60%0.58%-22 bps
Allowance / Loans0.68%0.65%0.61%0.58%0.54%0.66%0.68%0.98%+40 bps
Capital
Risk-Based Capital10.98%11.22%10.96%11.13%11.16%11.05%10.22%10.28%-85 bps
Net Worth / Assets10.98%11.22%10.96%11.13%11.16%11.05%10.22%10.28%-85 bps
Liquidity & Funding
Loans / Shares82.48%81.51%78.86%80.37%79.68%79.68%73.04%76.38%-399 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps