PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Pickens Co. Educators

Liberty, SC · Charter 22129

Q3 2010

$3.7MAssets
$1.6MLoans
$3.0MShares
$711KNet 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 -0.18%, down 25 bps year over year; NIM at 3.49%.
  • Asset quality: problem loans at 0.25% of loans (+25 bps YoY).
  • Capital: net worth / assets of 19.27%, down 47 bps from a year ago.
  • Funding: loans stand at 54.37% of shares as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

-0.18%-25 bps YoY

Net Interest Margin (YTD, annualized)

3.49%-26 bps YoY

Efficiency Ratio (YTD, annualized)

103.14%+1,051 bps YoY

Net Worth / Assets

19.27%-47 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets0.07%0.10%0.13%1.48%-0.18%-25 bps
Return on Equity0.35%0.48%0.66%7.71%-0.93%-128 bps
Net Interest Margin3.75%3.79%3.70%3.73%3.49%-26 bps
Efficiency Ratio92.63%93.77%93.52%76.79%103.14%+1,051 bps
Growth
Asset Growth (YoY)5.04%5.28%11.28%7.12%2.22%-282 bps
Loan Growth (YoY)-10.83%-5.44%-3.25%-5.86%-10.23%+61 bps
Share Growth (YoY)5.80%5.85%14.48%8.39%3.17%-264 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.25%+25 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.45%0.44%0.45%0.25%0.27%-19 bps
Capital
Risk-Based Capital19.74%20.01%19.80%19.23%19.27%-47 bps
Net Worth / Assets19.74%20.01%19.80%19.23%19.27%-47 bps
Liquidity & Funding
Loans / Shares62.48%65.18%63.19%56.47%54.37%-811 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps