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Friends First

Owensboro, KY · Charter 68637

NCUA · 1 branch

Q4 2017

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 2017, the quarter ended December 31, 2017, 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

Friends First

Owensboro, KY · Charter 68637

NCUA · 1 branch

Q4 2017

$5.6MAssets
$2.4MLoans
$5.2MShares
$378KNet 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 -0.37%, down 66 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.98% of loans (-112 bps YoY).
  • Capital: net worth / assets of 6.80%, down 33 bps from a year ago.
  • Funding: loans stand at 45.50% of shares as of Q4 2017.

Financial Results

Return on Assets (YTD, annualized)

-0.37%-66 bps YoY

Net Interest Margin (YTD, annualized)

3.47%-61 bps YoY

Efficiency Ratio (YTD, annualized)

93.06%+1,509 bps YoY

Net Worth / Assets

6.80%-33 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2016Q1 2017Q2 2017Q3 2017Q4 2017YoY ΔTrend
Earnings
Return on Assets0.30%0.72%0.26%-0.02%-0.37%-66 bps
Return on Equity4.15%10.57%3.78%-0.32%-5.42%-957 bps
Net Interest Margin4.08%3.41%3.38%3.37%3.47%-61 bps
Efficiency Ratio77.98%83.83%85.58%88.11%93.06%+1,509 bps
Growth
Asset Growth (YoY)-3.73%0.77%-0.67%-0.23%-0.60%+312 bps
Loan Growth (YoY)-16.30%-18.97%-17.52%-15.49%-15.82%+48 bps
Share Growth (YoY)-4.31%0.79%-0.44%0.01%-0.12%+419 bps
Asset Quality
Delinquent Loans / Loans2.10%1.59%1.60%1.79%0.98%-112 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.84%1.85%1.78%2.23%2.29%+45 bps
Capital
Risk-Based Capital7.12%6.85%6.88%6.83%6.80%-33 bps
Net Worth / Assets7.12%6.85%6.88%6.83%6.80%-33 bps
Liquidity & Funding
Loans / Shares53.99%47.62%46.79%45.62%45.50%-849 bps
Liquid Assets / Assets0.00%97.68%0.00%0.00%0.00%0 bps