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Cumberland

Florence, SC · Charter 19555

Q1 2008

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: Q1 2008, the quarter ended March 31, 2008, 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

Cumberland

Florence, SC · Charter 19555

Q1 2008

$115KAssets
$4KLoans
$94KShares
$17KNet 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 -1.05%, down 261 bps year over year; NIM at 0.23%.
  • Asset quality: problem loans at 100.00% of loans (+3,190 bps YoY).
  • Capital: net worth / assets of 14.51%, up 187 bps from a year ago.
  • Funding: loans stand at 3.96% of shares as of Q1 2008.

Financial Results

Return on Assets (YTD, annualized)

-1.05%-261 bps YoY

Net Interest Margin (YTD, annualized)

0.23%-529 bps YoY

Efficiency Ratio (YTD, annualized)

1861%+178,947 bps YoY

Net Worth / Assets

14.51%+187 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets1.56%-0.92%1.55%1.30%-1.05%-261 bps
Return on Equity12.37%-4.26%11.08%8.90%-7.24%-1,961 bps
Net Interest Margin5.53%3.19%3.98%3.63%0.23%-529 bps
Efficiency Ratio71.72%128.81%103.04%117.26%1861%+178,947 bps
Growth
Asset Growth (YoY)-16.93%0.00%-11.78%-7.59%-8.98%+796 bps
Loan Growth (YoY)-77.49%0.00%-80.04%-63.02%-52.43%+2,505 bps
Share Growth (YoY)-10.62%0.00%-3.03%-8.67%-10.66%-5 bps
Asset Quality
Delinquent Loans / Loans68.10%0.00%87.31%100.00%100.00%+3,190 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans83.40%15.60%100.00%100.00%100.00%+1,660 bps
Capital
Risk-Based Capital12.64%21.60%14.02%14.64%14.51%+187 bps
Net Worth / Assets12.64%21.60%14.02%14.64%14.51%+187 bps
Liquidity & Funding
Loans / Shares7.44%28.18%5.01%4.51%3.96%-348 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps