PackageTrendsPeer
Letter portraitLegal landscape

State Merit Service

Indianapolis, IN · Charter 95095

Q3 2015

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: Q3 2015, the quarter ended September 30, 2015, 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

State Merit Service

Indianapolis, IN · Charter 95095

Q3 2015

$4.7MAssets
$2.1MLoans
$4.1MShares
$567KNet 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 -3.21%, down 348 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 2.32% of loans (-247 bps YoY).
  • Capital: net worth / assets of 12.01%, down 246 bps from a year ago.
  • Funding: loans stand at 49.94% of shares as of Q3 2015.

Financial Results

Return on Assets (YTD, annualized)

-3.21%-348 bps YoY

Net Interest Margin (YTD, annualized)

3.29%-119 bps YoY

Efficiency Ratio (YTD, annualized)

109.84%+1,617 bps YoY

Net Worth / Assets

12.01%-246 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets0.28%0.06%-1.98%-3.55%-3.21%-348 bps
Return on Equity1.92%0.45%-14.82%-27.05%-26.70%-2,862 bps
Net Interest Margin4.48%4.39%3.18%3.38%3.29%-119 bps
Efficiency Ratio93.67%95.24%105.33%110.35%109.84%+1,617 bps
Growth
Asset Growth (YoY)-3.54%-8.32%-4.99%-5.91%-0.61%+293 bps
Loan Growth (YoY)-13.51%-26.54%-20.42%-17.49%-16.83%-331 bps
Share Growth (YoY)-4.18%-5.39%-5.20%-4.71%2.32%+651 bps
Asset Quality
Delinquent Loans / Loans4.79%1.27%4.07%3.75%2.32%-247 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.04%0.84%1.94%4.31%2.80%+177 bps
Capital
Risk-Based Capital14.47%14.44%13.36%13.11%12.01%-246 bps
Net Worth / Assets14.47%14.44%13.36%13.11%12.01%-246 bps
Liquidity & Funding
Loans / Shares61.43%57.05%51.90%54.67%49.94%-1,150 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps