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U S E Credit Union

Danville, VA · Charter 66907

Q2 2013

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 2013, the quarter ended June 30, 2013, 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

U S E Credit Union

Danville, VA · Charter 66907

Q2 2013

$12.9MAssets
$6.1MLoans
$11.3MShares
$1.6MNet Worth

Executive Summary

  • Earnings: ROA of 0.60%, up 46 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.74% of loans (-166 bps YoY).
  • Capital: net worth / assets of 12.22%, down 76 bps from a year ago.
  • Funding: loans stand at 53.67% of shares as of Q2 2013.

Return on Assets (YTD, annualized)

0.60%+46 bps YoY

Net Interest Margin (YTD, annualized)

3.33%-41 bps YoY

Efficiency Ratio (YTD, annualized)

80.00%+2,730 bps YoY

Net Worth / Assets

12.22%-76 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets1.47%1.40%0.25%0.13%0.18%0.34%0.95%0.60%+46 bps
Return on Equity10.67%10.30%1.91%1.03%1.42%2.64%7.34%4.89%+386 bps
Net Interest Margin4.26%4.18%3.88%3.74%3.64%3.63%3.37%3.33%-41 bps
Efficiency Ratio55.84%53.53%50.76%52.70%55.04%56.26%67.32%80.00%+2,730 bps
Growth
Asset Growth (YoY)16.95%23.95%15.88%15.42%11.27%7.39%6.24%5.76%-966 bps
Loan Growth (YoY)13.60%7.06%-1.54%-5.45%-7.99%-8.03%-7.45%-2.84%+261 bps
Share Growth (YoY)16.76%25.36%17.18%17.25%12.46%8.13%6.56%6.88%-1,037 bps
Asset Quality
Delinquent Loans / Loans4.44%3.95%2.68%2.40%3.84%1.08%0.45%0.74%-166 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.67%0.93%0.94%0.98%1.15%1.30%1.36%2.61%+164 bps
Capital
Risk-Based Capital13.79%13.63%13.16%12.98%12.83%13.04%12.90%12.22%-76 bps
Net Worth / Assets13.79%13.63%13.16%12.98%12.83%13.04%12.90%12.22%-76 bps
Liquidity & Funding
Loans / Shares69.16%67.13%61.35%59.04%56.59%57.10%53.28%53.67%-537 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps