PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Spartan Stores .

Wyoming, MI · Charter 62128

Q1 2006

$9.5MAssets
$2.8MLoans
$7.5MShares
$2.0MNet 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 0.45%, up 21 bps year over year; NIM at 4.06%.
  • Asset quality: problem loans at 1.38% of loans (-8 bps YoY).
  • Capital: net worth / assets of 21.32%, up 399 bps from a year ago.
  • Funding: loans stand at 36.97% of shares as of Q1 2006.

Financial Results

Return on Assets (YTD, annualized)

0.45%+21 bps YoY

Net Interest Margin (YTD, annualized)

4.06%+38 bps YoY

Efficiency Ratio (YTD, annualized)

91.63%-213 bps YoY

Net Worth / Assets

21.32%+399 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets0.24%0.17%0.22%0.37%0.45%+21 bps
Return on Equity1.37%0.85%1.08%1.71%2.12%+75 bps
Net Interest Margin3.67%3.20%3.53%3.82%4.06%+38 bps
Efficiency Ratio93.75%95.37%94.95%92.50%91.63%-213 bps
Growth
Asset Growth (YoY)-3.71%14.47%15.91%13.09%12.64%+1,635 bps
Loan Growth (YoY)-15.23%13.88%22.96%27.17%18.68%+3,390 bps
Share Growth (YoY)-4.89%9.17%11.27%7.84%7.65%+1,254 bps
Asset Quality
Delinquent Loans / Loans1.46%1.35%1.04%1.82%1.38%-8 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.54%1.86%1.78%1.53%1.56%+1 bps
Capital
Risk-Based Capital17.34%19.62%20.34%21.59%21.32%+399 bps
Net Worth / Assets17.34%19.62%20.34%21.59%21.32%+399 bps
Liquidity & Funding
Loans / Shares33.54%36.92%38.68%40.33%36.97%+344 bps
Liquid Assets / Assets33.87%30.55%27.63%25.80%29.37%-450 bps