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Newark-Delaware City Employ.

Newark, DE · Charter 20432

Q3 2009

$857KAssets
$446KLoans
$727KShares
$126KNet 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 -0.96%, down 100 bps year over year; NIM at 1.13%.
  • Asset quality: problem loans at 0.00% of loans (-525 bps YoY).
  • Capital: net worth / assets of 14.67%, down 535 bps from a year ago.
  • Funding: loans stand at 61.32% of shares as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

-0.96%-100 bps YoY

Net Interest Margin (YTD, annualized)

1.13%-222 bps YoY

Efficiency Ratio (YTD, annualized)

241%+14,966 bps YoY

Net Worth / Assets

14.67%-535 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets0.04%-3.01%-3.29%-1.00%-0.96%-100 bps
Return on Equity0.18%-16.60%-19.63%-5.97%-6.56%-674 bps
Net Interest Margin3.35%3.48%3.02%2.32%1.13%-222 bps
Efficiency Ratio90.99%97.71%119.96%140.11%241%+14,966 bps
Growth
Asset Growth (YoY)-3.07%5.88%3.07%1.28%6.57%+964 bps
Loan Growth (YoY)11.67%12.77%19.14%10.05%7.63%-405 bps
Share Growth (YoY)-3.78%12.03%8.46%5.18%13.67%+1,745 bps
Asset Quality
Delinquent Loans / Loans5.25%5.66%0.00%0.00%0.00%-525 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.32%8.20%4.15%2.81%2.66%+34 bps
Capital
Risk-Based Capital20.02%18.14%16.76%16.72%14.67%-535 bps
Net Worth / Assets20.02%18.14%16.76%16.72%14.67%-535 bps
Liquidity & Funding
Loans / Shares64.77%62.08%62.81%64.03%61.32%-345 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps