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E C-2

Erie, PA · Charter 20057

Q4 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: Q4 2008, the quarter ended December 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

E C-2

Erie, PA · Charter 20057

Q4 2008

$945KAssets
$595KLoans
$785KShares
$160KNet 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 -13.32%, down 1,340 bps year over year; NIM at 0.06%.
  • Asset quality: problem loans at 5.10% of loans (-406 bps YoY).
  • Capital: net worth / assets of 16.91%, down 1,243 bps from a year ago.
  • Funding: loans stand at 75.80% of shares as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-13.32%-1,340 bps YoY

Net Interest Margin (YTD, annualized)

0.06%-511 bps YoY

Efficiency Ratio (YTD, annualized)

1795%+170,881 bps YoY

Net Worth / Assets

16.91%-1,243 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets0.09%-3.19%-18.98%-10.74%-13.32%-1,340 bps
Return on Equity0.30%-11.44%-87.98%-50.21%-78.73%-7,903 bps
Net Interest Margin5.17%5.48%5.31%5.03%0.06%-511 bps
Efficiency Ratio85.82%71.74%80.22%84.10%1795%+170,881 bps
Growth
Asset Growth (YoY)0.33%-3.71%-12.73%-6.46%-2.92%-325 bps
Loan Growth (YoY)19.15%14.30%-10.49%-18.83%-21.62%-4,077 bps
Share Growth (YoY)-2.61%-3.58%-3.39%1.68%18.14%+2,075 bps
Asset Quality
Delinquent Loans / Loans9.16%9.53%3.72%2.35%5.10%-406 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.72%1.15%3.72%3.12%4.35%+362 bps
Capital
Risk-Based Capital29.35%27.84%21.58%21.39%16.91%-1,243 bps
Net Worth / Assets29.35%27.84%21.58%21.39%16.91%-1,243 bps
Liquidity & Funding
Loans / Shares114.25%101.32%87.60%77.41%75.80%-3,845 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps