PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Alfred/Allegany Educational Employe

Alfred, NY · Charter 22955

Q3 2008

$4.3MAssets
$2.2MLoans
$3.3MShares
$980KNet 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 0.85%, down 130 bps year over year; NIM at 4.14%.
  • Asset quality: problem loans at 1.00% of loans (+72 bps YoY).
  • Capital: net worth / assets of 23.03%, down 387 bps from a year ago.
  • Funding: loans stand at 68.67% of shares as of Q3 2008.

Financial Results

Return on Assets (quarter, annualized)

0.85%-130 bps YoY

Net Interest Margin (quarter, annualized)

4.14%-78 bps YoY

Efficiency Ratio (quarter, annualized)

59.89%+2,244 bps YoY

Net Worth / Assets

23.03%-387 bps YoY

Discrete quarter, annualized.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets2.15%1.90%0.98%0.01%0.85%-130 bps
Return on Equity7.98%8.99%4.57%0.05%3.67%-431 bps
Net Interest Margin4.92%4.36%3.34%3.93%4.14%-78 bps
Efficiency Ratio37.45%46.52%71.21%67.31%59.89%+2,244 bps
Growth
Asset Growth (YoY)3.31%-2.87%-0.04%-1.78%-11.74%-1,505 bps
Loan Growth (YoY)2.06%1.35%-2.64%-10.85%-16.27%-1,834 bps
Share Growth (YoY)-7.81%-4.88%-3.63%-4.20%-6.98%+83 bps
Asset Quality
Delinquent Loans / Loans0.28%0.39%0.54%0.76%1.00%+72 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.04%1.09%1.09%0.58%0.89%-15 bps
Capital
Risk-Based Capital26.90%21.17%21.56%21.58%23.03%-387 bps
Net Worth / Assets26.90%21.17%21.56%21.58%23.03%-387 bps
Liquidity & Funding
Loans / Shares76.29%75.26%73.82%67.65%68.67%-762 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps