PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Rutgers University Student and Alum

New Brunswick, NJ · Charter 24339

Q1 2010

$3.5MAssets
$2.4MLoans
$3.1MShares
$-11KNet 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 -2.46%, down 225 bps year over year; NIM at 4.43%.
  • Asset quality: problem loans at 4.70% of loans (-9 bps YoY).
  • Capital: net worth / assets of -0.32%, down 702 bps from a year ago.
  • Funding: loans stand at 78.22% of shares as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-2.46%-225 bps YoY

Net Interest Margin (YTD, annualized)

4.43%-109 bps YoY

Efficiency Ratio (YTD, annualized)

104.39%+1,598 bps YoY

Net Worth / Assets

-0.32%-702 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-0.21%6.40%1.57%-4.08%-2.46%-225 bps
Return on Equity-3.14%62.44%20.82%-163.74%n/an/a
Net Interest Margin5.52%5.77%4.78%4.67%4.43%-109 bps
Efficiency Ratio88.41%62.34%74.79%115.21%104.39%+1,598 bps
Growth
Asset Growth (YoY)-0.51%-7.30%5.59%12.95%11.49%+1,200 bps
Loan Growth (YoY)8.19%28.35%-2.65%1.49%-3.33%-1,152 bps
Share Growth (YoY)-1.58%-10.73%19.86%20.51%13.97%+1,555 bps
Asset Quality
Delinquent Loans / Loans4.79%3.54%0.37%3.88%4.70%-9 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.67%1.93%1.19%1.46%3.10%+43 bps
Capital
Risk-Based Capital6.70%10.25%7.56%2.49%-0.32%-702 bps
Net Worth / Assets6.70%10.25%7.56%2.49%-0.32%-702 bps
Liquidity & Funding
Loans / Shares92.21%100.25%92.36%95.95%78.22%-1,399 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps