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Tower Family

Kalamazoo, MI · Charter 62129

NCUA · 1 branch

Q1 2018

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: Q1 2018, the quarter ended March 31, 2018, 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

Tower Family

Kalamazoo, MI · Charter 62129

NCUA · 1 branch

Q1 2018

$8.4MAssets
$2.0MLoans
$7.7MShares
$461KNet 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 -11.15%, down 1,025 bps year over year; NIM at 2.51%.
  • Asset quality: problem loans at 4.13% of loans (+118 bps YoY).
  • Capital: net worth / assets of 5.49%, down 300 bps from a year ago.
  • Funding: loans stand at 25.84% of shares as of Q1 2018.

Financial Results

Return on Assets (YTD, annualized)

-11.15%-1,025 bps YoY

Net Interest Margin (YTD, annualized)

2.51%+27 bps YoY

Efficiency Ratio (YTD, annualized)

419%+30,087 bps YoY

Net Worth / Assets

5.49%-300 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets-0.89%-0.51%-0.54%-0.46%-11.15%-1,025 bps
Return on Equity-10.53%-6.23%-6.56%-5.74%-203%-19,264 bps
Net Interest Margin2.24%2.27%2.34%2.35%2.51%+27 bps
Efficiency Ratio118.40%110.93%110.56%107.31%419%+30,087 bps
Growth
Asset Growth (YoY)2.82%2.02%1.77%1.09%-0.39%-321 bps
Loan Growth (YoY)-0.03%-7.72%-12.04%-11.94%-5.61%-558 bps
Share Growth (YoY)3.50%2.59%2.17%1.25%0.06%-344 bps
Asset Quality
Delinquent Loans / Loans2.95%1.60%3.90%5.71%4.13%+118 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.75%1.90%2.04%2.18%1.79%+3 bps
Capital
Risk-Based Capital8.49%8.19%8.27%8.10%5.49%-300 bps
Net Worth / Assets8.49%8.19%8.27%8.10%5.49%-300 bps
Liquidity & Funding
Loans / Shares27.39%24.74%25.60%25.73%25.84%-155 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps