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Island Teachers

Galveston, TX · Charter 11064

Q4 2008

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: Q4 2008, the quarter ended December 31, 2008, 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

Island Teachers

Galveston, TX · Charter 11064

Q4 2008

$552KAssets
$594KLoans
$479KShares
$69KNet 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 -22.44%, down 2,466 bps year over year; NIM at 10.38%.
  • Asset quality: problem loans at 8.76% of loans (+621 bps YoY).
  • Capital: net worth / assets of 12.55%, down 1,862 bps from a year ago.
  • Funding: loans stand at 124.17% of shares as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-22.44%-2,466 bps YoY

Net Interest Margin (YTD, annualized)

10.38%-124 bps YoY

Efficiency Ratio (YTD, annualized)

100.35%+1,929 bps YoY

Net Worth / Assets

12.55%-1,862 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets2.22%-1.07%-5.59%-30.20%-22.44%-2,466 bps
Return on Equity7.13%-3.28%-19.12%-250%-178.83%-18,596 bps
Net Interest Margin11.62%10.34%9.49%9.91%10.38%-124 bps
Efficiency Ratio81.06%110.30%98.56%105.53%100.35%+1,929 bps
Growth
Asset Growth (YoY)-28.73%-30.40%-18.51%-8.32%-10.26%+1,847 bps
Loan Growth (YoY)-20.23%-17.61%-8.42%-11.29%12.13%+3,236 bps
Share Growth (YoY)-38.65%-39.99%-22.94%16.64%14.28%+5,293 bps
Asset Quality
Delinquent Loans / Loans2.56%3.77%4.85%4.42%8.76%+621 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans3.60%2.56%5.92%24.34%21.99%+1,839 bps
Capital
Risk-Based Capital31.17%32.65%29.22%12.08%12.55%-1,862 bps
Net Worth / Assets31.17%32.65%29.22%12.08%12.55%-1,862 bps
Liquidity & Funding
Loans / Shares126.56%125.20%121.34%110.27%124.17%-238 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps