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Vip

Sterling Hgts, MI · Charter 65739

NCUA · 1 branch

Q3 2016

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: Q3 2016, the quarter ended September 30, 2016, 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

Vip

Sterling Hgts, MI · Charter 65739

NCUA · 1 branch

Q3 2016

$15.2MAssets
$2.0MLoans
$13.5MShares
$1.1MNet 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 -5.07%, down 489 bps year over year; NIM at 1.97%.
  • Asset quality: problem loans at 0.22% of loans (-110 bps YoY).
  • Capital: net worth / assets of 7.08%, down 321 bps from a year ago.
  • Funding: loans stand at 14.58% of shares as of Q3 2016.

Financial Results

Return on Assets (YTD, annualized)

-5.07%-489 bps YoY

Net Interest Margin (YTD, annualized)

1.97%-2 bps YoY

Efficiency Ratio (YTD, annualized)

298%+19,115 bps YoY

Net Worth / Assets

7.08%-321 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets-0.19%-0.24%-0.26%-0.20%-5.07%-489 bps
Return on Equity-1.80%-2.30%-2.49%-1.96%-71.68%-6,988 bps
Net Interest Margin1.99%2.01%1.93%1.88%1.97%-2 bps
Efficiency Ratio107.22%109.12%108.38%107.29%298%+19,115 bps
Growth
Asset Growth (YoY)0.40%-0.22%-0.56%-4.18%-6.65%-706 bps
Loan Growth (YoY)-0.07%1.61%2.97%-3.22%0.50%+58 bps
Share Growth (YoY)1.94%1.41%0.93%-4.02%-6.57%-851 bps
Asset Quality
Delinquent Loans / Loans1.32%2.73%2.44%1.38%0.22%-110 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.57%0.38%0.49%0.52%0.48%-9 bps
Capital
Risk-Based Capital10.29%10.30%10.26%10.34%7.08%-321 bps
Net Worth / Assets10.29%10.30%10.26%10.34%7.08%-321 bps
Liquidity & Funding
Loans / Shares13.55%13.66%13.22%13.03%14.58%+103 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps