PackageTrendsPeer
Letter portraitLegal landscape

Essexville Columbus

Essexville, MI · Charter 62132

Q4 2008

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: Q4 2008, the quarter ended December 31, 2008, 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

Essexville Columbus

Essexville, MI · Charter 62132

Q4 2008

$186KAssets
$102KLoans
$134KShares
$51KNet 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 0.04%, down 14 bps year over year; NIM at 5.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 27.30%, down 114 bps from a year ago.
  • Funding: loans stand at 76.06% of shares as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

0.04%-14 bps YoY

Net Interest Margin (YTD, annualized)

5.50%+15 bps YoY

Efficiency Ratio (YTD, annualized)

99.22%+269 bps YoY

Net Worth / Assets

27.30%-114 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets0.19%0.18%0.11%0.29%0.04%-14 bps
Return on Equity0.66%0.64%0.39%1.05%0.16%-50 bps
Net Interest Margin5.36%6.08%5.55%5.39%5.50%+15 bps
Efficiency Ratio96.52%97.00%98.07%94.58%99.22%+269 bps
Growth
Asset Growth (YoY)-24.49%-16.42%-3.78%-2.16%0.99%+2,548 bps
Loan Growth (YoY)-10.80%-13.91%-4.78%-17.16%-17.93%-714 bps
Share Growth (YoY)-32.05%-21.80%-5.36%-2.83%4.26%+3,632 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%1.95%11.44%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.99%2.20%2.16%2.28%2.42%+43 bps
Capital
Risk-Based Capital28.44%28.33%27.45%27.75%27.30%-114 bps
Net Worth / Assets28.44%28.33%27.45%27.75%27.30%-114 bps
Liquidity & Funding
Loans / Shares96.63%85.32%83.64%79.93%76.06%-2,057 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps