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Electrical Workers 442

Redding, CA · Charter 16782

Q3 2009

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 2009, the quarter ended September 30, 2009, 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

Electrical Workers 442

Redding, CA · Charter 16782

Q3 2009

$244KAssets
$122KLoans
$197KShares
$46KNet 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 -4.32%, down 428 bps year over year; NIM at 6.82%.
  • Asset quality: problem loans at 29.71% of loans (+464 bps YoY).
  • Capital: net worth / assets of 18.74%, down 53 bps from a year ago.
  • Funding: loans stand at 61.73% of shares as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

-4.32%-428 bps YoY

Net Interest Margin (YTD, annualized)

6.82%-155 bps YoY

Efficiency Ratio (YTD, annualized)

155.22%+5,479 bps YoY

Net Worth / Assets

18.74%-53 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-0.04%0.10%-3.82%-2.05%-4.32%-428 bps
Return on Equity-0.21%0.47%-19.34%-9.93%-23.03%-2,282 bps
Net Interest Margin8.36%8.97%8.36%7.24%6.82%-155 bps
Efficiency Ratio100.42%99.07%102.92%124.35%155.22%+5,479 bps
Growth
Asset Growth (YoY)-13.66%-11.89%-12.19%-12.37%-11.77%+189 bps
Loan Growth (YoY)-14.31%-13.68%-12.24%-28.18%-31.04%-1,672 bps
Share Growth (YoY)-16.32%-14.64%-13.40%-13.77%-11.34%+498 bps
Asset Quality
Delinquent Loans / Loans25.06%17.60%27.37%21.28%29.71%+464 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.60%2.77%3.05%3.30%3.77%+117 bps
Capital
Risk-Based Capital19.27%20.56%19.76%20.68%18.74%-53 bps
Net Worth / Assets19.27%20.56%19.76%20.68%18.74%-53 bps
Liquidity & Funding
Loans / Shares79.36%80.15%72.27%71.33%61.73%-1,763 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps