PackageTrendsPeer
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Usda

Des Moines, IA · Charter 65195

Q1 2015

$4.0MAssets
$2.4MLoans
$3.5MShares
$453KNet 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 -0.95%, up 9 bps year over year; NIM at 3.06%.
  • Asset quality: problem loans at 0.00% of loans (-4 bps YoY).
  • Capital: net worth / assets of 11.46%, down 104 bps from a year ago.
  • Funding: loans stand at 69.89% of shares as of Q1 2015.

Financial Results

Return on Assets (quarter, annualized)

-0.95%+9 bps YoY

Net Interest Margin (quarter, annualized)

3.06%+20 bps YoY

Efficiency Ratio (quarter, annualized)

123.85%-441 bps YoY

Net Worth / Assets

11.46%-104 bps YoY

Discrete quarter, annualized.

MetricQ1 2014Q2 2014Q3 2014Q4 2014Q1 2015YoY ΔTrend
Earnings
Return on Assets-1.04%-1.00%-0.86%-1.04%-0.95%+9 bps
Return on Equity-8.33%-8.04%-6.87%-8.70%-8.28%+5 bps
Net Interest Margin2.86%2.89%3.03%3.07%3.06%+20 bps
Efficiency Ratio128.26%126.58%121.84%126.33%123.85%-441 bps
Growth
Asset Growth (YoY)-3.67%-2.05%-1.65%-1.37%0.35%+402 bps
Loan Growth (YoY)15.66%14.61%13.32%9.30%16.38%+73 bps
Share Growth (YoY)-3.22%-1.13%-0.95%-0.54%1.49%+471 bps
Asset Quality
Delinquent Loans / Loans0.04%0.00%0.00%0.00%0.00%-4 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.91%0.79%0.76%0.78%0.79%-13 bps
Capital
Risk-Based Capital12.50%12.43%12.44%11.93%11.46%-104 bps
Net Worth / Assets12.50%12.43%12.44%11.93%11.46%-104 bps
Liquidity & Funding
Loans / Shares60.94%67.55%75.50%72.52%69.89%+894 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps