PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Fedcon Employees

Versailles, CT · Charter 16122

Q1 2008

$2.0MAssets
$801KLoans
$1.5MShares
$490KNet 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 0.22%, down 64 bps year over year; NIM at 4.75%.
  • Asset quality: problem loans at 0.10% of loans (+10 bps YoY).
  • Capital: net worth / assets of 24.50%, up 341 bps from a year ago.
  • Funding: loans stand at 53.12% of shares as of Q1 2008.

Financial Results

Return on Assets (quarter, annualized)

0.22%-64 bps YoY

Net Interest Margin (quarter, annualized)

4.75%-1 bps YoY

Efficiency Ratio (quarter, annualized)

95.42%+1,581 bps YoY

Net Worth / Assets

24.50%+341 bps YoY

Discrete quarter, annualized.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets0.86%0.70%0.79%0.77%0.22%-64 bps
Return on Equity4.08%3.27%3.36%3.13%0.91%-317 bps
Net Interest Margin4.76%4.70%5.13%5.31%4.75%-1 bps
Efficiency Ratio79.61%82.72%82.58%83.93%95.42%+1,581 bps
Growth
Asset Growth (YoY)-1.56%-3.59%-6.59%-10.21%-11.85%-1,029 bps
Loan Growth (YoY)-6.77%7.28%-5.58%3.55%2.42%+919 bps
Share Growth (YoY)-2.89%-5.50%-9.36%-13.89%-15.68%-1,279 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.10%+10 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.68%1.65%1.94%1.84%2.02%+34 bps
Capital
Risk-Based Capital21.09%21.33%23.43%24.70%24.50%+341 bps
Net Worth / Assets21.09%21.33%23.43%24.70%24.50%+341 bps
Liquidity & Funding
Loans / Shares43.73%48.19%52.57%58.98%53.12%+939 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps