PackageTrendsPeer
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Montana Army National Guard

Helena, MT · Charter 63266

Q2 2004

$7.4MAssets
$4.6MLoans
$6.5MShares
$700KNet 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 1.35%, up 64 bps year over year; NIM at 4.50%.
  • Asset quality: problem loans at 0.19% of loans (-50 bps YoY).
  • Capital: net worth / assets of 9.53%, up 129 bps from a year ago.
  • Funding: loans stand at 70.38% of shares as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

1.35%+64 bps YoY

Net Interest Margin (quarter, annualized)

4.50%+100 bps YoY

Efficiency Ratio (quarter, annualized)

69.56%-1,057 bps YoY

Net Worth / Assets

9.53%+129 bps YoY

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.70%0.73%0.74%1.39%1.35%+64 bps
Return on Equity8.53%8.51%8.62%15.41%14.14%+561 bps
Net Interest Margin3.50%3.62%3.65%4.28%4.50%+100 bps
Efficiency Ratio80.13%80.19%79.59%66.70%69.56%-1,057 bps
Growth
Asset Growth (YoY)16.11%12.35%8.63%5.32%-2.57%-1,868 bps
Loan Growth (YoY)2.00%2.73%13.17%9.13%9.51%+751 bps
Share Growth (YoY)16.11%10.64%6.50%2.77%-5.47%-2,158 bps
Asset Quality
Delinquent Loans / Loans0.69%0.64%0.03%0.00%0.19%-50 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.57%0.60%0.63%0.75%0.91%+34 bps
Capital
Risk-Based Capital8.24%8.54%8.54%9.02%9.53%+129 bps
Net Worth / Assets8.24%8.54%8.54%9.02%9.53%+129 bps
Liquidity & Funding
Loans / Shares60.75%67.56%68.90%68.73%70.38%+963 bps
Liquid Assets / Assets37.16%34.60%33.76%25.88%32.48%-467 bps