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Thunder Bay Area

Alpena, MI · Charter 62222

NCUA · 1 branch

Q2 2017

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: Q2 2017, the quarter ended June 30, 2017, 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

Thunder Bay Area

Alpena, MI · Charter 62222

NCUA · 1 branch

Q2 2017

$24.5MAssets
$15.8MLoans
$22.2MShares
$2.3MNet Worth

Executive Summary

  • Earnings: ROA of 0.07%, down 9 bps year over year; NIM at 2.91%.
  • Asset quality: problem loans at 0.64% of loans (+40 bps YoY).
  • Capital: net worth / assets of 9.21%, down 3 bps from a year ago.
  • Funding: loans stand at 71.03% of shares as of Q2 2017.

Return on Assets (YTD, annualized)

0.07%-9 bps YoY

Net Interest Margin (YTD, annualized)

2.91%+14 bps YoY

Efficiency Ratio (YTD, annualized)

89.37%-76 bps YoY

Net Worth / Assets

9.21%-3 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017YoY ΔTrend
Earnings
Return on Assets0.28%0.31%0.12%0.16%0.33%0.37%-0.47%0.07%-9 bps
Return on Equity2.92%3.35%1.24%1.69%3.45%3.85%-5.20%0.77%-92 bps
Net Interest Margin2.84%2.74%2.81%2.77%2.82%2.80%2.84%2.91%+14 bps
Efficiency Ratio91.31%89.54%89.07%90.13%87.36%86.91%100.52%89.37%-76 bps
Growth
Asset Growth (YoY)1.12%5.47%3.35%4.37%4.86%1.65%4.77%3.83%-54 bps
Loan Growth (YoY)14.35%8.14%11.20%16.39%8.99%12.90%18.33%21.52%+513 bps
Share Growth (YoY)0.68%5.60%3.42%4.57%4.95%0.79%5.14%4.00%-57 bps
Asset Quality
Delinquent Loans / Loans0.16%1.49%0.85%0.24%0.89%0.74%0.35%0.64%+40 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.45%0.51%0.62%0.62%0.63%0.62%0.74%0.68%+6 bps
Capital
Risk-Based Capital9.62%9.31%9.32%9.24%9.53%9.52%9.10%9.21%-3 bps
Net Worth / Assets9.62%9.31%9.32%9.24%9.53%9.52%9.10%9.21%-3 bps
Liquidity & Funding
Loans / Shares60.58%57.44%59.11%60.79%62.91%64.34%66.52%71.03%+1,024 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps