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State Farm Ohio

Newark, OH · Charter 13633

Q3 2006

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: Q3 2006, the quarter ended September 30, 2006, 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

State Farm Ohio

Newark, OH · Charter 13633

Q3 2006

$160.6MAssets
$48.1MLoans
$144.2MShares
$17.9MNet Worth

Executive Summary

  • Earnings: ROA of 0.68%, down 5 bps year over year; NIM at 0.94%.
  • Asset quality: problem loans at 0.60% of loans (-8 bps YoY).
  • Capital: net worth / assets of 11.15%, up 111 bps from a year ago.
  • Funding: loans stand at 33.33% of shares as of Q3 2006.

Return on Assets (YTD, annualized)

0.68%-5 bps YoY

Net Interest Margin (YTD, annualized)

0.94%-11 bps YoY

Efficiency Ratio (YTD, annualized)

23.87%+545 bps YoY

Net Worth / Assets

11.15%+111 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.72%0.45%0.64%0.73%0.73%0.82%0.69%0.68%-5 bps
Return on Equity7.54%4.74%6.48%7.30%7.15%7.75%6.37%6.12%-119 bps
Net Interest Margin1.11%0.95%1.07%1.05%1.03%0.99%0.94%0.94%-11 bps
Efficiency Ratio18.18%20.44%18.63%18.42%18.71%23.65%23.03%23.87%+545 bps
Growth
Asset Growth (YoY)2.99%3.73%5.39%2.04%1.16%-1.31%-2.30%-3.87%-591 bps
Loan Growth (YoY)-4.41%-2.69%2.01%4.01%17.83%17.40%14.08%11.49%+749 bps
Share Growth (YoY)2.84%4.86%4.82%2.10%1.16%-2.29%-2.54%-4.02%-612 bps
Asset Quality
Delinquent Loans / Loans0.90%0.71%0.63%0.67%0.61%0.68%0.63%0.60%-8 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.81%0.74%0.76%0.72%0.59%0.54%0.48%0.48%-25 bps
Capital
Risk-Based Capital9.59%9.57%9.83%10.05%10.21%10.53%10.84%11.15%+111 bps
Net Worth / Assets9.59%9.57%9.83%10.05%10.21%10.53%10.84%11.15%+111 bps
Liquidity & Funding
Loans / Shares27.62%26.68%28.03%28.70%32.17%32.05%32.81%33.33%+464 bps
Liquid Assets / Assets21.90%25.13%23.48%24.51%25.06%27.69%0.00%0.00%-2,451 bps