PackageTrendsPeer
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Grand Rapids Federal Employees

Grand Rapids, MI · Charter 62096

NCUA · 3 branches

Q2 2017

$66.1MAssets
$44.9MLoans
$58.8MShares
$6.8MNet 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 -0.31%, 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.

Financial Results

Return on Assets (quarter, annualized)

-0.31%-69 bps YoY

Net Interest Margin (quarter, annualized)

3.54%-23 bps YoY

Efficiency Ratio (quarter, annualized)

95.67%+343 bps YoY

Net Worth / Assets

10.28%-85 bps YoY

Discrete quarter, annualized.

MetricQ2 2016Q3 2016Q4 2016Q1 2017Q2 2017YoY ΔTrend
Earnings
Return on Assets0.37%0.43%0.42%0.12%-0.31%-69 bps
Return on Equity3.33%3.84%3.77%1.19%-3.06%-639 bps
Net Interest Margin3.78%3.75%3.72%3.44%3.54%-23 bps
Efficiency Ratio92.23%91.41%89.45%92.19%95.67%+343 bps
Growth
Asset Growth (YoY)3.71%3.17%5.43%11.30%9.13%+543 bps
Loan Growth (YoY)3.29%0.45%2.38%3.99%4.58%+129 bps
Share Growth (YoY)4.42%3.98%4.74%12.29%10.04%+561 bps
Asset Quality
Delinquent Loans / Loans0.86%0.53%0.57%0.59%0.75%-12 bps
Net Charge-Offs / Loans0.80%0.74%0.69%0.60%0.58%-22 bps
Allowance / Loans0.58%0.54%0.66%0.68%0.98%+40 bps
Capital
Risk-Based Capital11.13%11.16%11.05%10.22%10.28%-85 bps
Net Worth / Assets11.13%11.16%11.05%10.22%10.28%-85 bps
Liquidity & Funding
Loans / Shares80.37%79.68%79.68%73.04%76.38%-399 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps