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E F E

Erie, PA · Charter 17039

Q4 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: Q4 2009, the quarter ended December 31, 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

E F E

Erie, PA · Charter 17039

Q4 2009

$644KAssets
$218KLoans
$422KShares
$222KNet Worth

Executive Summary

  • Earnings: ROA of -0.35%, down 79 bps year over year; NIM at 2.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 34.43%, down 294 bps from a year ago.
  • Funding: loans stand at 51.68% of shares as of Q4 2009.

Return on Assets (YTD, annualized)

-0.35%-79 bps YoY

Net Interest Margin (YTD, annualized)

2.18%-109 bps YoY

Efficiency Ratio (YTD, annualized)

93.39%+319 bps YoY

Net Worth / Assets

34.43%-294 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets0.71%0.61%0.45%0.44%-1.23%-0.75%-1.02%-0.35%-79 bps
Return on Equity1.84%1.60%1.23%1.18%-3.39%-2.14%-2.97%-1.01%-219 bps
Net Interest Margin3.76%3.59%3.36%3.27%2.54%2.37%2.26%2.18%-109 bps
Efficiency Ratio81.44%83.18%86.65%90.19%112.47%113.04%132.16%93.39%+319 bps
Growth
Asset Growth (YoY)-4.19%3.31%2.87%5.12%5.65%7.37%7.72%7.45%+234 bps
Loan Growth (YoY)-10.91%-5.99%-13.73%-19.74%-26.20%-13.32%-18.24%-20.74%-100 bps
Share Growth (YoY)-7.44%3.58%3.32%7.60%9.22%12.34%12.75%12.51%+491 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.89%0.97%1.00%0.82%0.43%0.40%0.44%0.49%-33 bps
Capital
Risk-Based Capital38.29%38.17%37.13%37.37%36.20%35.31%34.20%34.43%-294 bps
Net Worth / Assets38.29%38.17%37.13%37.37%36.20%35.31%34.20%34.43%-294 bps
Liquidity & Funding
Loans / Shares92.63%84.72%78.45%73.35%62.59%65.37%56.88%51.68%-2,167 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps