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Miramar

San Diego, CA · Charter 8227

NCUA · 1 branch

Q1 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: Q1 2017, the quarter ended March 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

Miramar

San Diego, CA · Charter 8227

NCUA · 1 branch

Q1 2017

$173.2MAssets
$91.7MLoans
$148.5MShares
$22.5MNet Worth

Executive Summary

  • Earnings: ROA of -0.15%, up 6 bps year over year; NIM at 2.16%.
  • Asset quality: problem loans at 0.11% of loans (-5 bps YoY).
  • Capital: net worth / assets of 13.01%, up 17 bps from a year ago.
  • Funding: loans stand at 61.73% of shares as of Q1 2017.

Return on Assets (YTD, annualized)

-0.15%+6 bps YoY

Net Interest Margin (YTD, annualized)

2.16%+1 bps YoY

Efficiency Ratio (YTD, annualized)

106.60%-237 bps YoY

Net Worth / Assets

13.01%+17 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017YoY ΔTrend
Earnings
Return on Assets-0.39%-0.54%-0.47%-0.21%-0.18%0.08%0.02%-0.15%+6 bps
Return on Equity-2.92%-4.10%-3.58%-1.63%-1.38%0.60%0.19%-1.17%+46 bps
Net Interest Margin1.77%1.84%1.89%2.15%2.16%2.14%2.12%2.16%+1 bps
Efficiency Ratio118.46%127.09%122.67%108.97%107.46%96.97%99.02%106.60%-237 bps
Growth
Asset Growth (YoY)1.35%0.35%0.99%0.88%-0.76%1.17%1.77%-1.03%-191 bps
Loan Growth (YoY)41.25%63.18%55.26%57.70%23.81%14.12%13.83%8.84%-4,886 bps
Share Growth (YoY)0.04%0.68%1.14%0.86%1.12%-0.38%-0.33%-2.00%-286 bps
Asset Quality
Delinquent Loans / Loans0.47%0.42%0.06%0.16%0.06%0.04%0.14%0.11%-5 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.67%0.57%0.53%0.48%0.46%0.43%0.43%0.38%-10 bps
Capital
Risk-Based Capital13.26%13.21%13.08%12.84%13.00%13.05%12.88%13.01%+17 bps
Net Worth / Assets13.26%13.21%13.08%12.84%13.00%13.05%12.88%13.01%+17 bps
Liquidity & Funding
Loans / Shares47.22%53.94%54.23%55.58%57.81%61.79%61.93%61.73%+615 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps