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Associated

Elkhart, IN · Charter 7699

NCUA

Q1 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: Q1 2016, the quarter ended March 31, 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 2026-10-10

Associated

Elkhart, IN · Charter 7699

NCUA

Q1 2016

$4.6MAssets
$1.6MLoans
$3.3MShares
$1.3MNet 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 -0.15%, down 22 bps year over year; NIM at 1.81%.
  • Asset quality: problem loans at 1.20% of loans (-14 bps YoY).
  • Capital: net worth / assets of 28.25%, up 221 bps from a year ago.
  • Funding: loans stand at 48.26% of shares as of Q1 2016.

Financial Results

Return on Assets (YTD, annualized)

-0.15%-22 bps YoY

Net Interest Margin (YTD, annualized)

1.81%0 bps YoY

Efficiency Ratio (YTD, annualized)

107.76%-1,376 bps YoY

Net Worth / Assets

28.25%+221 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2015Q2 2015Q3 2015Q4 2015Q1 2016YoY ΔTrend
Earnings
Return on Assets0.08%-0.06%-0.10%0.05%-0.15%-22 bps
Return on Equity0.30%-0.25%-0.36%0.17%-0.52%-82 bps
Net Interest Margin1.80%1.77%1.85%1.89%1.81%0 bps
Efficiency Ratio121.53%116.49%113.35%102.97%107.76%-1,376 bps
Growth
Asset Growth (YoY)-8.25%-7.73%-7.30%-8.05%-7.89%+36 bps
Loan Growth (YoY)-0.12%14.79%4.45%2.75%18.42%+1,854 bps
Share Growth (YoY)-10.49%-9.91%-9.48%-10.79%-10.64%-15 bps
Asset Quality
Delinquent Loans / Loans1.34%1.03%1.05%1.21%1.20%-14 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.39%2.01%2.18%1.84%1.71%-68 bps
Capital
Risk-Based Capital26.04%26.05%26.35%27.35%28.25%+221 bps
Net Worth / Assets26.04%26.05%26.35%27.35%28.25%+221 bps
Liquidity & Funding
Loans / Shares36.42%43.49%40.79%42.80%48.26%+1,184 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps