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National Life Employees

Montpelier, VT · Charter 64973

NCUA · 3 branches

Q2 2017

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: Q2 2017, the quarter ended June 30, 2017, 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

National Life Employees

Montpelier, VT · Charter 64973

NCUA · 3 branches

Q2 2017

$40.2MAssets
$11.2MLoans
$35.4MShares
$4.2MNet Worth

Executive Summary

  • Earnings: ROA of -4.54%, down 468 bps year over year; NIM at -2.65%.
  • Asset quality: problem loans at 0.49% of loans (-20 bps YoY).
  • Capital: net worth / assets of 10.34%, down 270 bps from a year ago.
  • Funding: loans stand at 31.67% of shares as of Q2 2017.

Return on Assets (YTD, annualized)

-4.54%-468 bps YoY

Net Interest Margin (YTD, annualized)

-2.65%-469 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

10.34%-270 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017YoY ΔTrend
Earnings
Return on Assets0.20%0.13%0.10%0.13%0.11%0.05%0.11%-4.54%-468 bps
Return on Equity1.45%0.99%0.78%1.02%0.87%0.37%0.87%-43.97%-4,499 bps
Net Interest Margin2.17%2.16%2.02%2.04%2.05%2.09%1.91%-2.65%-469 bps
Efficiency Ratio95.27%96.95%96.83%95.79%95.66%95.40%96.38%n/an/a
Growth
Asset Growth (YoY)3.30%4.37%3.12%2.77%4.35%3.14%3.92%3.22%+45 bps
Loan Growth (YoY)-4.77%-7.03%-2.22%3.46%1.57%-0.42%-5.06%-8.61%-1,207 bps
Share Growth (YoY)3.42%4.87%3.25%2.42%4.53%3.50%4.72%6.88%+446 bps
Asset Quality
Delinquent Loans / Loans0.09%0.33%0.88%0.70%0.57%0.08%0.13%0.49%-20 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.93%0.94%0.93%0.50%0.27%0.54%0.56%0.53%+3 bps
Capital
Risk-Based Capital13.50%13.47%12.73%13.03%13.01%13.11%12.30%10.34%-270 bps
Net Worth / Assets13.50%13.47%12.73%13.03%13.01%13.11%12.30%10.34%-270 bps
Liquidity & Funding
Loans / Shares36.85%37.06%35.11%37.04%35.81%35.66%31.83%31.67%-537 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps