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Ferndale Refinery

Ferndale, WA · Charter 68234

Q3 2012

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 2012, the quarter ended September 30, 2012, 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

Ferndale Refinery

Ferndale, WA · Charter 68234

Q3 2012

$4.7MAssets
$2.5MLoans
$3.7MShares
$925KNet 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 -1.70%, down 167 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 4.25% of loans (+378 bps YoY).
  • Capital: net worth / assets of 19.59%, down 174 bps from a year ago.
  • Funding: loans stand at 67.23% of shares as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

-1.70%-167 bps YoY

Net Interest Margin (YTD, annualized)

3.40%-67 bps YoY

Efficiency Ratio (YTD, annualized)

138.69%+4,489 bps YoY

Net Worth / Assets

19.59%-174 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets-0.03%-0.02%-0.48%0.06%-1.70%-167 bps
Return on Equity-0.15%-0.09%-2.35%0.27%-8.68%-853 bps
Net Interest Margin4.07%4.09%3.57%3.50%3.40%-67 bps
Efficiency Ratio93.79%95.20%90.81%87.31%138.69%+4,489 bps
Growth
Asset Growth (YoY)7.81%6.65%-0.08%-7.47%2.27%-553 bps
Loan Growth (YoY)-7.04%-13.03%-10.24%-12.12%-14.13%-709 bps
Share Growth (YoY)11.21%9.51%0.26%-9.14%3.02%-819 bps
Asset Quality
Delinquent Loans / Loans0.47%1.36%0.63%1.61%4.25%+378 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.33%1.38%1.31%1.12%1.20%-12 bps
Capital
Risk-Based Capital21.34%21.57%20.61%20.92%19.59%-174 bps
Net Worth / Assets21.34%21.57%20.61%20.92%19.59%-174 bps
Liquidity & Funding
Loans / Shares80.65%79.56%70.54%69.16%67.23%-1,343 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps