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Westwood Area Community

Jackson, MI · Charter 7549

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

Westwood Area Community

Jackson, MI · Charter 7549

NCUA · 1 branch

Q4 2017

$28.9MAssets
$22.4MLoans
$24.7MShares
$2.8MNet 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 -2.13%, down 269 bps year over year; NIM at 4.37%.
  • Asset quality: problem loans at 1.96% of loans (+42 bps YoY).
  • Capital: net worth / assets of 9.74%, down 307 bps from a year ago.
  • Funding: loans stand at 90.69% of shares as of Q4 2017.

Financial Results

Return on Assets (YTD, annualized)

-2.13%-269 bps YoY

Net Interest Margin (YTD, annualized)

4.37%+23 bps YoY

Efficiency Ratio (YTD, annualized)

131.76%+4,100 bps YoY

Net Worth / Assets

9.74%-307 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2016Q1 2017Q2 2017Q3 2017Q4 2017YoY ΔTrend
Earnings
Return on Assets0.56%0.03%0.39%0.38%-2.13%-269 bps
Return on Equity4.37%0.26%3.14%3.09%-21.82%-2,619 bps
Net Interest Margin4.14%4.44%4.29%4.38%4.37%+23 bps
Efficiency Ratio90.76%96.81%92.16%92.79%131.76%+4,100 bps
Growth
Asset Growth (YoY)13.35%3.30%8.47%9.74%7.96%-538 bps
Loan Growth (YoY)15.17%13.14%19.57%26.71%30.73%+1,556 bps
Share Growth (YoY)0.93%-0.32%17.68%25.91%21.59%+2,066 bps
Asset Quality
Delinquent Loans / Loans1.54%1.34%1.75%1.81%1.96%+42 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.77%0.73%0.61%0.53%0.50%-28 bps
Capital
Risk-Based Capital12.82%13.21%12.56%12.37%9.74%-307 bps
Net Worth / Assets12.82%13.21%12.56%12.37%9.74%-307 bps
Liquidity & Funding
Loans / Shares84.35%82.27%81.19%86.36%90.69%+634 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps