Providence, RI · Charter 24538
Q1 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2008, the quarter ended March 31, 2008, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Providence, RI · Charter 24538
Q1 2008
NIM decomposition not available for credit unions
Non-interest trend not available for credit unions
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.28% | 0.41% | 0.45% | 0.12% | -0.39% | -67 bps | |
| Return on Equity | 0.58% | 0.85% | 0.91% | 0.24% | -0.79% | -137 bps | |
| Net Interest Margin | 4.10% | 4.22% | 4.37% | 4.39% | 3.59% | -51 bps | |
| Efficiency Ratio | 93.29% | 90.41% | 89.84% | 97.34% | 110.80% | +1,751 bps | |
| Growth | |||||||
| Asset Growth (YoY) | -5.04% | -6.05% | -7.43% | -4.53% | -2.79% | +225 bps | |
| Loan Growth (YoY) | 1.41% | 4.10% | 4.24% | -3.54% | -11.41% | -1,283 bps | |
| Share Growth (YoY) | -9.57% | -11.75% | -14.42% | -9.42% | -5.86% | +371 bps | |
| Asset Quality | |||||||
| Delinquent Loans / Loans | 0.00% | 1.25% | 0.61% | 0.43% | 0.68% | +68 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 0.25% | 0.26% | 0.26% | 0.27% | 0.29% | +3 bps | |
| Capital | |||||||
| Risk-Based Capital | 47.74% | 48.38% | 49.55% | 50.02% | 49.38% | +164 bps | |
| Net Worth / Assets | 47.74% | 48.38% | 49.55% | 50.02% | 49.38% | +164 bps | |
| Liquidity & Funding | |||||||
| Loans / Shares | 62.99% | 62.73% | 66.60% | 64.61% | 59.27% | -372 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |