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A&P - Farmer Jack

Redford Twp, MI · Charter 62307

Q4 2007

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 2007, the quarter ended December 31, 2007, 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

A&P - Farmer Jack

Redford Twp, MI · Charter 62307

Q4 2007

$14.9MAssets
$3.5MLoans
$12.1MShares
$2.6MNet 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 -1.01%, down 102 bps year over year; NIM at 3.66%.
  • Asset quality: problem loans at 8.19% of loans (+592 bps YoY).
  • Capital: net worth / assets of 17.54%, up 189 bps from a year ago.
  • Funding: loans stand at 28.84% of shares as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

-1.01%-102 bps YoY

Net Interest Margin (YTD, annualized)

3.66%+60 bps YoY

Efficiency Ratio (YTD, annualized)

90.00%+321 bps YoY

Net Worth / Assets

17.54%+189 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.01%-0.12%-0.02%-0.13%-1.01%-102 bps
Return on Equity0.04%-0.79%-0.13%-0.77%-5.78%-583 bps
Net Interest Margin3.06%3.03%3.37%3.55%3.66%+60 bps
Efficiency Ratio86.78%93.59%86.49%85.97%90.00%+321 bps
Growth
Asset Growth (YoY)-13.90%-12.34%-11.83%-13.07%-15.82%-192 bps
Loan Growth (YoY)-7.03%-10.15%-14.82%-18.47%-23.47%-1,644 bps
Share Growth (YoY)-16.12%-14.40%-14.12%-12.39%-17.78%-166 bps
Asset Quality
Delinquent Loans / Loans2.27%2.83%3.24%4.63%8.19%+592 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans3.26%3.30%3.71%4.08%6.62%+336 bps
Capital
Risk-Based Capital15.64%15.52%16.17%17.19%17.54%+189 bps
Net Worth / Assets15.64%15.52%16.17%17.19%17.54%+189 bps
Liquidity & Funding
Loans / Shares30.98%28.89%28.27%28.97%28.84%-214 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps