PackageTrendsPeer
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Max

Montgomery, AL · Charter 10391

Q3 2007

$687.5MAssets
$438.5MLoans
$576.8MShares
$104.4MNet 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 1.44%, down 10 bps year over year; NIM at 3.79%.
  • Asset quality: problem loans at 0.64% of loans (+4 bps YoY).
  • Capital: net worth / assets of 15.19%, up 100 bps from a year ago.
  • Funding: loans stand at 76.03% of shares as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

1.44%-10 bps YoY

Net Interest Margin (quarter, annualized)

3.79%+11 bps YoY

Efficiency Ratio (quarter, annualized)

70.27%+278 bps YoY

Net Worth / Assets

15.19%+100 bps YoY

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.54%1.45%1.29%1.37%1.44%-10 bps
Return on Equity10.87%10.07%9.05%9.37%9.49%-139 bps
Net Interest Margin3.67%3.66%3.63%3.70%3.79%+11 bps
Efficiency Ratio67.50%68.60%71.58%70.51%70.27%+278 bps
Growth
Asset Growth (YoY)2.55%2.92%2.86%3.18%2.67%+12 bps
Loan Growth (YoY)2.39%2.15%3.35%4.96%7.38%+499 bps
Share Growth (YoY)1.46%1.38%1.51%2.15%1.36%-10 bps
Asset Quality
Delinquent Loans / Loans0.60%0.67%0.61%0.70%0.64%+4 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.99%0.99%1.00%1.01%1.00%+1 bps
Capital
Risk-Based Capital14.18%14.44%14.29%14.62%15.19%+100 bps
Net Worth / Assets14.18%14.44%14.29%14.62%15.19%+100 bps
Liquidity & Funding
Loans / Shares71.77%72.50%70.10%72.23%76.03%+426 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps