33 SELECTED PERFORMANCE INDICATORS  
Cooperative Banks
as of end of periods indicated
in billion pesos
 
Selected Ratios COOPERATIVE BANKS
  March 2005 June 2005 September 2005 December 2005
ANNUAL GROWTH RATES
   Balance Sheet
       Total Assets 15.5 14.1 14.0 17.1
          Cash and Due From Banks 14.6 -2.1 -1.4 23.2
          Interbank Loans Receivable 0.0 0.0 0.0 0.0
          Loans, gross (exclusive of IBL) 14.7 16.2 14.1 12.9
             Allowance for Probable Losses 27.1 31.1 29.6 16.3
          Loans, net (exclusive of IBL) 14.0 15.3 13.3 12.7
          Investments, net 10.7 -0.3 2.0 8.4
          ROPOA, net 17.9 30.0 39.6 34.7
          Other Assets 63.9 73.4 82.0 42.3
       Total Liabilities 16.2 14.7 14.5 18.1
          Deposits 13.5 11.2 12.6 17.6
          Bills Payable 18.3 16.1 10.3 11.2
          Special Financing 7.2 6.0 -1.5 1.4
          Unsecured Subordinated Debt 0.0 0.0 0.0 0.0
          Other Liabilities 40.0 51.8 53.8 55.0
          Total Capital Accounts 11.9 11.5 11.4 12.1
   Income Statement
       Total Operating Income 17.0 13.1 15.8 12.6
           Net Interest Income 19.0 11.4 17.8 15.1
           Non-Interest Income 15.0 14.9 13.8 10.1
       Operating Expenses 15.1 14.1 13.5 9.7
          Bad Debts / Provisions for Probable Losses 12.4 -3.2 13.8 1.9
          Other Operating Expenses 15.3 15.0 13.5 10.2
       Net Operating Income 24.7 9.3 25.0 26.5
       Extraordinary Credits/(Charges) 79.1 118.7 116.9 77.8
       Net Income After Tax (NIAT) 30.8 19.7 33.9 32.6
SELECTED RATIOS
   LIQUIDITY
      Cash and Due from Banks to Deposits                             25.0                             23.0                             21.6                             26.3
      Liquid Assets to Deposits                             31.1                             28.6                             27.3                             31.7
      Loans, gross to Deposits                           124.8                           127.4                           129.2                           124.0
   ASSET QUALITY  
      Non-performing Loans (NPL) Ratio                             11.8                             11.7                             11.7                             11.0
      Non-performing Loans (NPL) Ratio (exclusive of IBL)                             11.8                             11.7                             11.7                             11.0
      NPL Coverage Ratio 1/                                41.7                             42.6                             44.1                             43.1
      Non-performing Assets(NPA) to Gross Assets                             12.4                             12.8                             13.2                             12.4
      NPA Coverage Ratio   NPA Coverage Ratio 2/                             28.3                             28.3                             28.4                             27.1
      Distressed Asset Ratio   Distressed Asset Ratio 3/                             18.8                             19.0                             19.7                             18.7
   CAPITAL ADEQUACY  
      Total Capital Accounts to Total Assets                             16.5                             16.6                             16.8                             16.3
   PROFITABILITY 5/  
      Earning Asset Yield 6/                             16.7                             16.5                             16.3                             16.3
      Funding Cost 7/                               8.7                               8.8                               8.5                               8.4
      Interest Spread /8                               7.9                               7.7                               7.8                               8.0
      Net Interest Margin 9/                               8.0                               7.8                               8.0                               8.1
      Net Interest Income to Total Operating Incom                             51.5                             50.9                             51.9                             52.5
      Cost to Income Ratio 10/                             77.8                             78.6                             76.7                             76.4
      Return on Assets                               2.4                               2.4                               2.7                               2.8
      Return on Equity                             14.5                             14.5                             16.0                             16.6
       
 
1/ Ratio of Loan Loss Reserves to NPL
2/ Ratio of valuation reserves (for loans and ROPOA) to NPAs
3/  Ratio of NPL + ROPOA, gross + Restructured Loans, current to TLP, gross + ROPOA, gross. Effective 31 July 2004,
   Restructured Loans, performing was used in lieu of Restructured Loans, current.
4/ Based on the new framework provided for under Circular No. 280 dated 29 March 2001 which was formally adopted
    starting 1 July 2001
5/ Income and Expenses accounts annualized
6/ Refers to the ratio of Interest Income to Average Earning Assets
7/ Refers to the ratio of Interest Expenses to Average Interest-Bearing Liabilities
8/ Refers to the difference between Earning Asset Yield and Funding Cost
9/ Refers to the ratio of Net Interest Income to Average Earning Assets
10/ Refers to the ratio of Operating Expense (composed of Non-interest Operating Expense exclusive Bad Debts and Provisions)
      to Total Operating Income (composed of Net Interest Income and non-interest operating income)
Source: Supervisory Data Center, Supervision and Examination Sector