PackageTrendsPeer
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Grand Canyon State

Phoenix, AZ · Charter 68526

Q1 2005

$64.2MAssets
$32.6MLoans
$58.4MShares
$5.4MNet 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 0.76%, up 22 bps year over year; NIM at 3.82%.
  • Asset quality: problem loans at 0.83% of loans (-29 bps YoY).
  • Capital: net worth / assets of 8.49%, down 11 bps from a year ago.
  • Funding: loans stand at 55.72% of shares as of Q1 2005.

Financial Results

Return on Assets (YTD, annualized)

0.76%+22 bps YoY

Net Interest Margin (YTD, annualized)

3.82%-39 bps YoY

Efficiency Ratio (YTD, annualized)

79.73%+28 bps YoY

Net Worth / Assets

8.49%-11 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.54%0.47%0.34%0.33%0.76%+22 bps
Return on Equity6.30%5.45%3.99%3.79%8.92%+262 bps
Net Interest Margin4.21%4.08%3.98%3.99%3.82%-39 bps
Efficiency Ratio79.45%80.53%82.27%82.37%79.73%+28 bps
Growth
Asset Growth (YoY)n/an/a0.43%1.95%5.97%n/a
Loan Growth (YoY)n/an/a-13.98%-9.72%-4.39%n/a
Share Growth (YoY)n/an/a-0.02%1.82%6.00%n/a
Asset Quality
Delinquent Loans / Loans1.12%0.86%0.66%0.78%0.83%-29 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.14%1.07%1.13%1.16%1.20%+7 bps
Capital
Risk-Based Capital8.59%8.61%8.45%8.61%8.49%-11 bps
Net Worth / Assets8.59%8.61%8.45%8.61%8.49%-11 bps
Liquidity & Funding
Loans / Shares61.77%59.53%56.08%56.71%55.72%-605 bps
Liquid Assets / Assets8.03%9.91%16.79%11.49%12.46%+443 bps