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Spartan Mills Employees Credit Asso

Spartanburg, SC · Charter 23416

NCUA · 2 branches

Q4 2018

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 2018, the quarter ended December 31, 2018, 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

Spartan Mills Employees Credit Asso

Spartanburg, SC · Charter 23416

NCUA · 2 branches

Q4 2018

$17.6MAssets
$9.1MLoans
$15.2MShares
$2.3MNet 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 1.45%, up 59 bps year over year; NIM at 4.03%.
  • Asset quality: problem loans at 1.58% of loans (-37 bps YoY).
  • Capital: net worth / assets of 12.98%, up 75 bps from a year ago.
  • Funding: loans stand at 59.79% of shares as of Q4 2018.

Financial Results

Return on Assets (YTD, annualized)

1.45%+59 bps YoY

Net Interest Margin (YTD, annualized)

4.03%+68 bps YoY

Efficiency Ratio (YTD, annualized)

71.40%-1,106 bps YoY

Net Worth / Assets

12.98%+75 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets0.86%0.63%0.82%1.10%1.45%+59 bps
Return on Equity7.05%5.38%6.79%8.61%11.15%+410 bps
Net Interest Margin3.34%3.43%3.67%3.95%4.03%+68 bps
Efficiency Ratio82.46%78.49%76.69%74.02%71.40%-1,106 bps
Growth
Asset Growth (YoY)10.28%12.88%4.86%5.57%5.59%-468 bps
Loan Growth (YoY)12.36%19.77%22.12%23.82%26.12%+1,376 bps
Share Growth (YoY)9.43%13.11%3.69%5.19%5.74%-369 bps
Asset Quality
Delinquent Loans / Loans1.95%1.84%0.86%1.47%1.58%-37 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.74%0.97%0.90%1.03%1.06%+32 bps
Capital
Risk-Based Capital12.23%11.79%12.13%12.74%12.98%+75 bps
Net Worth / Assets12.23%11.79%12.13%12.74%12.98%+75 bps
Liquidity & Funding
Loans / Shares50.13%50.99%54.38%58.92%59.79%+966 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps