PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

State Farm Greater California

Bakersfield, CA · Charter 10071

Q3 2006

$374.5MAssets
$71.5MLoans
$341.7MShares
$39.6MNet 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 -0.29%, down 89 bps year over year; NIM at -0.14%.
  • Asset quality: problem loans at 0.12% of loans (-37 bps YoY).
  • Capital: net worth / assets of 10.57%, down 116 bps from a year ago.
  • Funding: loans stand at 20.92% of shares as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

-0.29%-89 bps YoY

Net Interest Margin (YTD, annualized)

-0.14%-92 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

10.57%-116 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.60%-0.49%0.06%-0.18%-0.29%-89 bps
Return on Equity5.11%-4.58%0.55%-1.68%-2.75%-786 bps
Net Interest Margin0.78%-0.30%0.17%-0.06%-0.14%-92 bps
Efficiency Ratio17.24%n/a74.42%n/an/an/a
Growth
Asset Growth (YoY)6.12%4.24%4.89%1.07%0.00%-612 bps
Loan Growth (YoY)-7.98%-5.17%-1.60%0.77%2.83%+1,081 bps
Share Growth (YoY)7.34%6.56%6.88%4.69%3.10%-424 bps
Asset Quality
Delinquent Loans / Loans0.49%0.33%0.11%0.15%0.12%-37 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.34%0.37%0.36%0.34%0.32%-1 bps
Capital
Risk-Based Capital11.73%10.80%10.81%10.90%10.57%-116 bps
Net Worth / Assets11.73%10.80%10.81%10.90%10.57%-116 bps
Liquidity & Funding
Loans / Shares20.98%20.56%20.40%20.92%20.92%-5 bps
Liquid Assets / Assets7.56%6.99%7.60%0.00%0.00%-756 bps