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Swiss Valley Farms

Waterloo, IA · Charter 64885

Q1 2007

$628KAssets
$175KLoans
$501KShares
$125KNet 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 0.43%, up 8 bps year over year; NIM at 3.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 19.86%, up 36 bps from a year ago.
  • Funding: loans stand at 35.02% of shares as of Q1 2007.

Financial Results

Return on Assets (quarter, annualized)

0.43%+8 bps YoY

Net Interest Margin (quarter, annualized)

3.79%-9 bps YoY

Efficiency Ratio (quarter, annualized)

88.74%-238 bps YoY

Net Worth / Assets

19.86%+36 bps YoY

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets0.35%0.28%0.24%0.06%0.43%+8 bps
Return on Equity1.78%1.47%1.21%0.27%2.17%+38 bps
Net Interest Margin3.88%3.78%4.00%3.88%3.79%-9 bps
Efficiency Ratio91.12%92.64%93.94%98.59%88.74%-238 bps
Growth
Asset Growth (YoY)-14.05%-9.00%-4.52%-3.49%-1.43%+1,262 bps
Loan Growth (YoY)26.04%5.55%7.07%-13.17%2.15%-2,389 bps
Share Growth (YoY)-16.99%-10.92%-5.71%-4.40%-2.16%+1,483 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 / Loans0.94%0.91%0.87%0.96%0.92%-2 bps
Capital
Risk-Based Capital19.50%19.06%20.29%20.08%19.86%+36 bps
Net Worth / Assets19.50%19.06%20.29%20.08%19.86%+36 bps
Liquidity & Funding
Loans / Shares33.54%33.62%38.07%34.11%35.02%+148 bps
Liquid Assets / Assets4.62%0.00%0.00%0.00%0.00%-462 bps