PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Lake Street L

Broadview, IL · Charter 2516

Q4 2008

$2.5MAssets
$540KLoans
$1.4MShares
$1.1MNet 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 -0.23%, down 105 bps year over year; NIM at 4.57%.
  • Asset quality: problem loans at 1.60% of loans (-380 bps YoY).
  • Capital: net worth / assets of 42.93%, down 713 bps from a year ago.
  • Funding: loans stand at 38.40% of shares as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-0.23%-105 bps YoY

Net Interest Margin (YTD, annualized)

4.57%-97 bps YoY

Efficiency Ratio (YTD, annualized)

97.42%+458 bps YoY

Net Worth / Assets

42.93%-713 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets0.83%-1.69%-1.08%0.54%-0.23%-105 bps
Return on Equity1.65%-3.44%-2.24%1.06%-0.53%-218 bps
Net Interest Margin5.54%5.36%5.01%4.85%4.57%-97 bps
Efficiency Ratio92.84%126.13%116.88%85.12%97.42%+458 bps
Growth
Asset Growth (YoY)-13.30%-9.04%-4.30%-1.40%3.81%+1,711 bps
Loan Growth (YoY)-7.85%-9.33%0.36%11.36%10.37%+1,822 bps
Share Growth (YoY)-24.74%-16.79%-7.99%-8.40%18.63%+4,337 bps
Asset Quality
Delinquent Loans / Loans5.40%0.15%0.14%1.22%1.60%-380 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans5.34%0.85%1.16%2.45%2.49%-285 bps
Capital
Risk-Based Capital50.05%49.30%48.25%51.40%42.93%-713 bps
Net Worth / Assets50.05%49.30%48.25%51.40%42.93%-713 bps
Liquidity & Funding
Loans / Shares41.28%40.13%39.24%45.84%38.40%-287 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps