PackageTrendsPeer
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State Farm Florida Regional Office

Winter Haven, FL · Charter 15626

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 Florida Regional Office

Winter Haven, FL · Charter 15626

Q3 2006

$166.5MAssets
$42.6MLoans
$144.4MShares
$21.9MNet Worth

Executive Summary

  • Earnings: ROA of 0.27%, down 46 bps year over year; NIM at 0.59%.
  • Asset quality: problem loans at 0.06% of loans (-28 bps YoY).
  • Capital: net worth / assets of 13.14%, up 191 bps from a year ago.
  • Funding: loans stand at 29.47% of shares as of Q3 2006.

Return on Assets (YTD, annualized)

0.27%-46 bps YoY

Net Interest Margin (YTD, annualized)

0.59%-38 bps YoY

Efficiency Ratio (YTD, annualized)

38.98%+1,902 bps YoY

Net Worth / Assets

13.14%+191 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.49%0.51%0.61%0.73%0.65%0.87%0.42%0.27%-46 bps
Return on Equity4.88%5.03%5.79%6.47%5.53%6.96%3.25%2.03%-444 bps
Net Interest Margin0.75%0.67%0.82%0.97%0.84%0.95%0.72%0.59%-38 bps
Efficiency Ratio24.20%24.57%21.90%19.96%21.92%17.30%29.65%38.98%+1,902 bps
Growth
Asset Growth (YoY)-0.50%0.14%-3.70%-8.03%-10.12%-13.87%-15.12%-12.60%-456 bps
Loan Growth (YoY)-8.30%-6.96%-0.30%4.15%4.88%6.10%3.72%5.79%+165 bps
Share Growth (YoY)-1.09%-0.43%-4.75%-9.64%-11.94%-16.33%-17.77%-14.07%-443 bps
Asset Quality
Delinquent Loans / Loans0.36%0.36%0.32%0.34%0.38%0.39%0.09%0.06%-28 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.64%0.50%0.48%0.61%0.43%0.24%0.37%0.42%-19 bps
Capital
Risk-Based Capital9.93%10.08%10.50%11.23%11.70%12.49%12.93%13.14%+191 bps
Net Worth / Assets9.93%10.08%10.50%11.23%11.70%12.49%12.93%13.14%+191 bps
Liquidity & Funding
Loans / Shares21.14%21.23%22.48%23.94%25.18%26.93%28.36%29.47%+553 bps
Liquid Assets / Assets41.89%45.95%45.19%44.96%43.86%41.59%0.00%0.00%-4,496 bps