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State Farm North Atlantic

Ballston Spa, NY · Charter 24420

Q3 2006

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: Q3 2006, the quarter ended September 30, 2006, 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

State Farm North Atlantic

Ballston Spa, NY · Charter 24420

Q3 2006

$232.8MAssets
$60.7MLoans
$209.7MShares
$24.4MNet 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 0.25%, down 60 bps year over year; NIM at 0.56%.
  • Asset quality: problem loans at 0.74% of loans (-22 bps YoY).
  • Capital: net worth / assets of 10.47%, up 22 bps from a year ago.
  • Funding: loans stand at 28.95% of shares as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

0.25%-60 bps YoY

Net Interest Margin (YTD, annualized)

0.56%-62 bps YoY

Efficiency Ratio (YTD, annualized)

32.68%+1,980 bps YoY

Net Worth / Assets

10.47%+22 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.85%0.49%0.70%0.51%0.25%-60 bps
Return on Equity8.26%4.82%6.91%4.88%2.39%-587 bps
Net Interest Margin1.18%0.81%0.91%0.78%0.56%-62 bps
Efficiency Ratio12.88%18.49%18.42%22.32%32.68%+1,980 bps
Growth
Asset Growth (YoY)-12.48%-11.63%-6.19%-3.59%-1.71%+1,076 bps
Loan Growth (YoY)9.62%7.81%8.49%5.80%2.18%-744 bps
Share Growth (YoY)-14.48%-13.27%-7.38%-3.76%-1.14%+1,334 bps
Asset Quality
Delinquent Loans / Loans0.96%0.84%0.88%0.87%0.74%-22 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.65%0.65%0.60%0.60%0.60%-5 bps
Capital
Risk-Based Capital10.25%10.14%10.19%10.44%10.47%+22 bps
Net Worth / Assets10.25%10.14%10.19%10.44%10.47%+22 bps
Liquidity & Funding
Loans / Shares28.01%27.92%27.65%28.42%28.95%+94 bps
Liquid Assets / Assets21.69%23.80%25.52%0.00%0.00%-2,169 bps