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Tulip Cooperative

Olympia, WA · Charter 68528

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

Tulip Cooperative

Olympia, WA · Charter 68528

NCUA · 1 branch

Q3 2016

$2.2MAssets
$1.1MLoans
$2.0MShares
$99KNet 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 -5.03%, down 189 bps year over year; NIM at 4.55%.
  • Asset quality: problem loans at 3.35% of loans (+134 bps YoY).
  • Capital: net worth / assets of 4.55%, down 92 bps from a year ago.
  • Funding: loans stand at 55.90% of shares as of Q3 2016.

Financial Results

Return on Assets (YTD, annualized)

-5.03%-189 bps YoY

Net Interest Margin (YTD, annualized)

4.55%+58 bps YoY

Efficiency Ratio (YTD, annualized)

158.35%+3,769 bps YoY

Net Worth / Assets

4.55%-92 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets-3.14%-1.47%-6.62%-4.61%-5.03%-189 bps
Return on Equity-57.40%-24.22%-131.66%-87.88%-110.59%-5,319 bps
Net Interest Margin3.97%3.82%3.72%4.17%4.55%+58 bps
Efficiency Ratio120.66%99.59%153.98%153.49%158.35%+3,769 bps
Growth
Asset Growth (YoY)-5.13%0.13%-1.31%-5.37%-15.82%-1,069 bps
Loan Growth (YoY)-15.19%-9.73%-6.47%-10.23%-10.68%+451 bps
Share Growth (YoY)-3.67%2.28%-0.20%-4.43%-16.11%-1,244 bps
Asset Quality
Delinquent Loans / Loans2.01%2.40%3.02%2.19%3.35%+134 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.86%2.37%2.71%1.92%2.05%+18 bps
Capital
Risk-Based Capital5.47%6.08%5.03%5.24%4.55%-92 bps
Net Worth / Assets5.47%6.08%5.03%5.24%4.55%-92 bps
Liquidity & Funding
Loans / Shares52.50%50.59%48.19%50.78%55.90%+340 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps