PackageTrendsPeer
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Victory

Philadelphia, PA · Charter 10930

Q3 2008

$251KAssets
$41KLoans
$229KShares
$22KNet 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 0.38%, down 43 bps year over year; NIM at 2.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 8.88%, up 102 bps from a year ago.
  • Funding: loans stand at 18.09% of shares as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

0.38%-43 bps YoY

Net Interest Margin (YTD, annualized)

2.34%-20 bps YoY

Efficiency Ratio (YTD, annualized)

83.87%+1,578 bps YoY

Net Worth / Assets

8.88%+102 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.81%0.00%2.10%0.07%0.38%-43 bps
Return on Equity10.29%0.03%26.65%0.91%4.24%-604 bps
Net Interest Margin2.54%1.74%3.56%1.69%2.34%-20 bps
Efficiency Ratio68.09%99.87%40.88%96.11%83.87%+1,578 bps
Growth
Asset Growth (YoY)-7.28%-11.12%-16.83%-3.04%-16.75%-947 bps
Loan Growth (YoY)-44.34%-39.17%-45.39%-42.76%-51.75%-741 bps
Share Growth (YoY)-7.40%-11.37%-17.10%-2.06%-17.46%-1,006 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.31%0.29%0.39%0.45%0.65%+34 bps
Capital
Risk-Based Capital7.87%7.30%7.89%7.20%8.88%+102 bps
Net Worth / Assets7.87%7.30%7.89%7.20%8.88%+102 bps
Liquidity & Funding
Loans / Shares30.95%33.35%25.20%21.86%18.09%-1,285 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps