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Secure First Credit Union

Birmingham, AL · Charter 68543

Q2 2015

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 2015, the quarter ended June 30, 2015, 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

Secure First Credit Union

Birmingham, AL · Charter 68543

Q2 2015

$42.4MAssets
$17.7MLoans
$36.9MShares
$5.7MNet 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 -2.89%, down 246 bps year over year; NIM at 2.91%.
  • Asset quality: problem loans at 2.60% of loans (+19 bps YoY).
  • Capital: net worth / assets of 13.43%, down 87 bps from a year ago.
  • Funding: loans stand at 48.12% of shares as of Q2 2015.

Financial Results

Return on Assets (YTD, annualized)

-2.89%-246 bps YoY

Net Interest Margin (YTD, annualized)

2.91%+2 bps YoY

Efficiency Ratio (YTD, annualized)

179.51%+7,379 bps YoY

Net Worth / Assets

13.43%-87 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2014Q3 2014Q4 2014Q1 2015Q2 2015YoY ΔTrend
Earnings
Return on Assets-0.43%-0.55%-0.41%-2.52%-2.89%-246 bps
Return on Equity-2.97%-3.82%-2.80%-18.61%-21.50%-1,853 bps
Net Interest Margin2.90%2.95%2.95%2.84%2.91%+2 bps
Efficiency Ratio105.72%108.06%99.17%251%179.51%+7,379 bps
Growth
Asset Growth (YoY)-2.18%-1.32%-0.56%-1.87%-5.08%-291 bps
Loan Growth (YoY)1.08%5.02%5.79%3.09%-4.71%-579 bps
Share Growth (YoY)-0.89%-1.26%-1.00%-1.61%-4.32%-343 bps
Asset Quality
Delinquent Loans / Loans2.42%0.75%1.09%0.77%2.60%+19 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.37%2.32%2.57%2.63%2.98%+61 bps
Capital
Risk-Based Capital14.30%14.36%14.51%13.52%13.43%-87 bps
Net Worth / Assets14.30%14.36%14.51%13.52%13.43%-87 bps
Liquidity & Funding
Loans / Shares48.32%50.80%51.54%48.65%48.12%-20 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps