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Cone Drive Gears

Traverse City, MI · Charter 7281

Q1 2013

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: Q1 2013, the quarter ended March 31, 2013, 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

Cone Drive Gears

Traverse City, MI · Charter 7281

Q1 2013

$3.5MAssets
$669KLoans
$2.6MShares
$936KNet Worth

Executive Summary

  • Earnings: ROA of -0.94%, down 107 bps year over year; NIM at 1.56%.
  • Asset quality: problem loans at 0.23% of loans (+23 bps YoY).
  • Capital: net worth / assets of 26.73%, up 178 bps from a year ago.
  • Funding: loans stand at 26.13% of shares as of Q1 2013.

Return on Assets (YTD, annualized)

-0.94%-107 bps YoY

Net Interest Margin (YTD, annualized)

1.56%-64 bps YoY

Efficiency Ratio (YTD, annualized)

158.72%+6,433 bps YoY

Net Worth / Assets

26.73%+178 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets-0.30%-0.77%-0.85%0.13%0.03%-0.27%-0.56%-0.94%-107 bps
Return on Equity-1.15%-2.95%-3.33%0.51%0.10%-1.03%-2.16%-3.53%-405 bps
Net Interest Margin2.59%2.49%2.33%2.19%2.10%2.07%2.08%1.56%-64 bps
Efficiency Ratio111.29%130.17%135.56%94.39%98.80%112.49%126.50%158.72%+6,433 bps
Growth
Asset Growth (YoY)2.77%-1.34%2.67%4.34%0.04%-0.87%-4.65%-9.56%-1,390 bps
Loan Growth (YoY)-25.67%-19.34%-17.97%-0.68%-6.23%-7.88%-21.04%-28.35%-2,767 bps
Share Growth (YoY)4.36%-0.74%5.13%7.01%1.10%-0.45%-5.52%-11.78%-1,879 bps
Asset Quality
Delinquent Loans / Loans0.06%0.05%0.06%0.00%0.00%0.00%0.03%0.23%+23 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.55%0.54%0.56%0.57%0.63%0.64%0.76%0.86%+29 bps
Capital
Risk-Based Capital25.90%26.00%25.51%24.95%25.21%25.74%26.19%26.73%+178 bps
Net Worth / Assets25.90%26.00%25.51%24.95%25.21%25.74%26.19%26.73%+178 bps
Liquidity & Funding
Loans / Shares32.50%34.02%33.53%32.18%30.14%31.48%28.02%26.13%-605 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps