PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bandag Employees

Muscatine, IA · Charter 65233

Q2 2007

$6.5MAssets
$4.8MLoans
$5.3MShares
$689KNet 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 -0.25%, down 8 bps year over year; NIM at 3.91%.
  • Asset quality: problem loans at 1.02% of loans (-13 bps YoY).
  • Capital: net worth / assets of 10.64%, down 158 bps from a year ago.
  • Funding: loans stand at 90.79% of shares as of Q2 2007.

Financial Results

Return on Assets (YTD, annualized)

-0.25%-8 bps YoY

Net Interest Margin (YTD, annualized)

3.91%-34 bps YoY

Efficiency Ratio (YTD, annualized)

97.40%-558 bps YoY

Net Worth / Assets

10.64%-158 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets-0.17%0.13%0.04%-1.29%-0.25%-8 bps
Return on Equity-1.36%1.01%0.32%-10.81%-2.32%-96 bps
Net Interest Margin4.25%4.40%4.54%4.29%3.91%-34 bps
Efficiency Ratio102.97%98.05%99.61%109.65%97.40%-558 bps
Growth
Asset Growth (YoY)6.20%2.12%-6.15%-6.87%9.44%+324 bps
Loan Growth (YoY)14.84%6.58%4.51%2.61%-4.35%-1,919 bps
Share Growth (YoY)7.10%2.08%-6.85%-6.84%1.90%-519 bps
Asset Quality
Delinquent Loans / Loans1.15%1.34%3.58%1.02%1.02%-13 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.98%0.98%0.45%0.80%0.82%-15 bps
Capital
Risk-Based Capital12.22%12.64%13.33%11.90%10.64%-158 bps
Net Worth / Assets12.22%12.64%13.33%11.90%10.64%-158 bps
Liquidity & Funding
Loans / Shares96.72%94.90%100.66%94.46%90.79%-593 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps