PackageTrendsPeer
Letter portraitLegal landscape

Covenant Community

Research Triang, NC · Charter 68496

Q4 2005

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: Q4 2005, the quarter ended December 31, 2005, 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

Covenant Community

Research Triang, NC · Charter 68496

Q4 2005

$369KAssets
$227KLoans
$356KShares
$12KNet 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 -4.66%, down 523 bps year over year; NIM at 4.01%.
  • Asset quality: problem loans at 23.09% of loans (+2,142 bps YoY).
  • Capital: net worth / assets of 3.15%, down 426 bps from a year ago.
  • Funding: loans stand at 63.68% of shares as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

-4.66%-523 bps YoY

Net Interest Margin (YTD, annualized)

4.01%+122 bps YoY

Efficiency Ratio (YTD, annualized)

86.25%+195 bps YoY

Net Worth / Assets

3.15%-426 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets0.57%-3.30%-3.94%-2.63%-4.66%-523 bps
Return on Equity7.75%-51.60%-74.47%-48.00%-147.76%-15,551 bps
Net Interest Margin2.80%3.86%3.35%3.21%4.01%+122 bps
Efficiency Ratio84.30%159.39%70.71%77.69%86.25%+195 bps
Growth
Asset Growth (YoY)-21.93%-6.69%-2.41%-0.68%-5.13%+1,679 bps
Loan Growth (YoY)34.09%43.68%30.87%-5.40%7.84%-2,625 bps
Share Growth (YoY)-23.65%-7.76%-1.17%-0.57%-0.99%+2,267 bps
Asset Quality
Delinquent Loans / Loans1.66%1.76%19.53%33.69%23.09%+2,142 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.79%1.07%6.71%6.53%3.23%+245 bps
Capital
Risk-Based Capital7.41%6.40%5.30%5.47%3.15%-426 bps
Net Worth / Assets7.41%6.40%5.30%5.47%3.15%-426 bps
Liquidity & Funding
Loans / Shares58.47%58.69%55.82%59.34%63.68%+521 bps
Liquid Assets / Assets36.08%38.40%40.20%41.32%34.70%-137 bps