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Lenders Federal Credit Union

Moorestown, NJ · Charter 24641

Q3 2002

$574KAssets
$72KLoans
$562KShares
$13KNet 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 -1.09%, down 117 bps year over year; NIM at 3.05%.
  • Asset quality: problem loans at 4.36% of loans (+436 bps YoY).
  • Capital: net worth / assets of 2.32%, down 201 bps from a year ago.
  • Funding: loans stand at 12.73% of shares as of Q3 2002.

Financial Results

Return on Assets (YTD, annualized)

-1.09%-117 bps YoY

Net Interest Margin (YTD, annualized)

3.05%-234 bps YoY

Efficiency Ratio (YTD, annualized)

123.55%+2,530 bps YoY

Net Worth / Assets

2.32%-201 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2000Q2 2001Q4 2001Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets0.09%-0.14%0.16%-0.07%-1.09%-117 bps
Return on Equity2.06%-4.68%6.26%-2.55%-46.83%-4,888 bps
Net Interest Margin5.40%3.71%2.66%2.48%3.05%-234 bps
Efficiency Ratio98.25%103.72%94.00%100.87%123.55%+2,530 bps
Growth
Asset Growth (YoY)n/an/an/an/a42.02%n/an/a
Loan Growth (YoY)n/an/an/an/a-11.94%n/an/a
Share Growth (YoY)n/an/an/an/a43.48%n/an/a
Asset Quality
Delinquent Loans / Loans0.00%1.02%2.92%4.07%4.36%+436 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.58%0.72%0.63%0.85%2.79%+221 bps
Capital
Risk-Based Capital4.33%2.91%2.49%2.56%2.32%-201 bps
Net Worth / Assets4.33%2.91%2.49%2.56%2.32%-201 bps
Liquidity & Funding
Loans / Shares20.75%11.92%11.25%11.36%12.73%-801 bps
Liquid Assets / Assets54.00%85.00%57.03%81.81%42.75%-1,125 bps