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K-V Employees

Grand Rapids, MI · Charter 62162

Q1 2005

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 2005, the quarter ended March 31, 2005, 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

K-V Employees

Grand Rapids, MI · Charter 62162

Q1 2005

$2.9MAssets
$691KLoans
$2.3MShares
$544KNet Worth

Executive Summary

  • Earnings: ROA of -0.26%, down 89 bps year over year; NIM at 3.82%.
  • Asset quality: problem loans at 0.18% of loans (-76 bps YoY).
  • Capital: net worth / assets of 18.85%, up 124 bps from a year ago.
  • Funding: loans stand at 29.47% of shares as of Q1 2005.

Return on Assets (YTD, annualized)

-0.26%-89 bps YoY

Net Interest Margin (YTD, annualized)

3.82%-35 bps YoY

Efficiency Ratio (YTD, annualized)

105.45%+1,722 bps YoY

Net Worth / Assets

18.85%+124 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.36%0.42%0.23%0.63%0.36%0.52%0.50%-0.26%-89 bps
Return on Equity2.25%2.42%1.32%3.57%2.01%2.72%2.54%-1.39%-496 bps
Net Interest Margin4.17%4.51%4.42%4.17%4.11%4.30%4.39%3.82%-35 bps
Efficiency Ratio92.59%92.18%95.47%88.24%93.09%90.67%91.13%105.45%+1,722 bps
Growth
Asset Growth (YoY)2.35%-1.29%4.36%-0.34%-8.70%-4.29%-7.44%-5.45%-511 bps
Loan Growth (YoY)-12.95%-16.62%-33.60%-35.89%-35.75%-29.17%-25.88%-14.82%+2,107 bps
Share Growth (YoY)2.12%-1.62%6.67%-0.69%-9.95%-6.04%-9.58%-6.87%-618 bps
Asset Quality
Delinquent Loans / Loans0.74%2.01%1.57%0.94%0.91%0.67%0.28%0.18%-76 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans2.15%2.07%1.87%2.08%1.51%1.91%1.48%2.44%+36 bps
Capital
Risk-Based Capital16.21%17.21%17.67%17.61%18.14%18.98%19.56%18.85%+124 bps
Net Worth / Assets16.21%17.21%17.67%17.61%18.14%18.98%19.56%18.85%+124 bps
Liquidity & Funding
Loans / Shares43.80%43.63%38.25%32.22%31.25%32.89%31.35%29.47%-275 bps
Liquid Assets / Assets34.05%25.79%20.91%45.34%28.75%28.29%33.03%34.94%-1,040 bps