PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Covington City Employees

Covington, KY · Charter 62491

Q3 2005

$2.0MAssets
$217KLoans
$1.6MShares
$369KNet 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 0.38%, up 35 bps year over year; NIM at 3.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 18.48%, up 218 bps from a year ago.
  • Funding: loans stand at 13.33% of shares as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

0.38%+35 bps YoY

Net Interest Margin (YTD, annualized)

3.02%+105 bps YoY

Efficiency Ratio (YTD, annualized)

87.42%-1,127 bps YoY

Net Worth / Assets

18.48%+218 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.03%0.06%0.04%0.04%0.38%+35 bps
Return on Equity0.16%0.36%0.21%0.23%2.05%+190 bps
Net Interest Margin1.96%1.99%2.16%2.26%3.02%+105 bps
Efficiency Ratio98.69%96.98%98.36%98.29%87.42%-1,127 bps
Growth
Asset Growth (YoY)2.45%0.95%0.32%-1.99%-10.22%-1,267 bps
Loan Growth (YoY)-7.14%-8.82%-7.79%-16.83%-11.43%-429 bps
Share Growth (YoY)2.89%1.06%0.31%-2.41%-12.39%-1,529 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans10.74%11.28%11.50%11.73%12.13%+139 bps
Capital
Risk-Based Capital16.30%16.74%16.69%16.57%18.48%+218 bps
Net Worth / Assets16.30%16.74%16.69%16.57%18.48%+218 bps
Liquidity & Funding
Loans / Shares13.18%12.90%12.62%12.24%13.33%+15 bps
Liquid Assets / Assets89.36%89.64%89.88%90.16%89.55%+18 bps