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New London Security

New London, CT · Charter 1300

Q2 2008

$12.7MAssets
$234KLoans
$10.4MShares
$2.2MNet 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 -0.08%, down 53 bps year over year; NIM at 0.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 17.34%, up 57 bps from a year ago.
  • Funding: loans stand at 2.25% of shares as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

-0.08%-53 bps YoY

Net Interest Margin (quarter, annualized)

0.57%-61 bps YoY

Efficiency Ratio (quarter, annualized)

112.88%+4,867 bps YoY

Net Worth / Assets

17.34%+57 bps YoY

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.45%-0.08%0.12%0.24%-0.08%-53 bps
Return on Equity2.66%-0.46%0.75%1.46%-0.45%-312 bps
Net Interest Margin1.18%1.20%1.19%0.83%0.57%-61 bps
Efficiency Ratio64.21%111.49%84.71%74.35%112.88%+4,867 bps
Growth
Asset Growth (YoY)-0.09%-0.39%-0.65%1.70%2.34%+244 bps
Loan Growth (YoY)-7.26%-15.62%18.95%22.26%21.87%+2,913 bps
Share Growth (YoY)-0.70%-1.05%1.47%1.95%1.11%+181 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 / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital16.78%16.48%16.61%16.59%17.34%+57 bps
Net Worth / Assets16.78%16.48%16.61%16.59%17.34%+57 bps
Liquidity & Funding
Loans / Shares1.87%1.53%2.23%2.20%2.25%+38 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps