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Ray Cooperative

Ray, ND · Charter 63912

Q3 2011

$14.6MAssets
$3.6MLoans
$13.6MShares
$961KNet 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 0.02%, up 122 bps year over year; NIM at 1.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 6.58%, down 453 bps from a year ago.
  • Funding: loans stand at 26.69% of shares as of Q3 2011.

Financial Results

Return on Assets (quarter, annualized)

0.02%+122 bps YoY

Net Interest Margin (quarter, annualized)

1.65%-36 bps YoY

Efficiency Ratio (quarter, annualized)

121.06%-3,810 bps YoY

Net Worth / Assets

6.58%-453 bps YoY

Discrete quarter, annualized.

MetricQ1 2010Q3 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets-1.20%-1.20%-0.42%-0.44%0.02%+122 bps
Return on Equity-10.78%-12.97%-5.77%-6.24%0.37%+1,115 bps
Net Interest Margin2.01%1.79%1.70%1.69%1.65%-36 bps
Efficiency Ratio159.16%161.61%122.16%122.50%121.06%-3,810 bps
Growth
Asset Growth (YoY)2.68%21.96%56.53%31.92%55.45%+5,277 bps
Loan Growth (YoY)-7.50%12.80%17.22%34.93%76.01%+8,351 bps
Share Growth (YoY)3.49%27.10%67.45%37.17%63.45%+5,996 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 / Loans2.24%1.75%1.65%1.44%0.00%-224 bps
Capital
Risk-Based Capital11.12%9.28%7.30%6.99%6.58%-453 bps
Net Worth / Assets11.12%9.28%7.30%6.99%6.58%-453 bps
Liquidity & Funding
Loans / Shares24.79%27.70%23.48%26.09%26.69%+190 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps