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Southeast Financial

Franklin, TN · Charter 24734

Q1 2009

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: Q1 2009, the quarter ended March 31, 2009, 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

Southeast Financial

Franklin, TN · Charter 24734

Q1 2009

$400.2MAssets
$294.7MLoans
$338.6MShares
$37.3MNet Worth

Executive Summary

  • Earnings: ROA of 0.17%, down 12 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 1.47% of loans (+49 bps YoY).
  • Capital: net worth / assets of 9.31%, down 226 bps from a year ago.
  • Funding: loans stand at 87.03% of shares as of Q1 2009.

Return on Assets (YTD, annualized)

0.17%-12 bps YoY

Net Interest Margin (YTD, annualized)

3.51%+17 bps YoY

Efficiency Ratio (YTD, annualized)

84.10%-353 bps YoY

Net Worth / Assets

9.31%-226 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.68%0.60%0.62%0.29%0.12%0.12%-0.28%0.17%-12 bps
Return on Equity5.59%5.01%5.04%2.51%1.04%0.93%-2.49%1.86%-66 bps
Net Interest Margin4.30%4.17%4.17%3.34%3.59%3.96%3.81%3.51%+17 bps
Efficiency Ratio89.67%88.03%85.72%87.64%87.86%88.19%91.39%84.10%-353 bps
Growth
Asset Growth (YoY)19.12%26.08%23.16%19.64%14.13%-2.06%2.69%10.40%-924 bps
Loan Growth (YoY)21.65%25.69%16.95%8.95%3.24%-0.63%10.37%10.83%+188 bps
Share Growth (YoY)19.79%27.45%24.02%20.26%14.72%-2.79%3.81%6.82%-1,344 bps
Asset Quality
Delinquent Loans / Loans0.67%1.11%1.24%0.98%1.07%0.81%0.99%1.47%+49 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.42%0.41%0.51%0.43%0.50%0.51%0.68%0.68%+25 bps
Capital
Risk-Based Capital12.16%11.95%12.21%11.57%11.80%12.46%11.34%9.31%-226 bps
Net Worth / Assets12.16%11.95%12.21%11.57%11.80%12.46%11.34%9.31%-226 bps
Liquidity & Funding
Loans / Shares95.50%94.07%89.43%83.88%85.95%96.17%95.08%87.03%+314 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps