PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

School Workers

Charlotte, NC · Charter 4317

Q3 2008

$29.4MAssets
$22.0MLoans
$22.6MShares
$6.4MNet 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 0.66%, up 23 bps year over year; NIM at 5.24%.
  • Asset quality: problem loans at 0.48% of loans (-99 bps YoY).
  • Capital: net worth / assets of 21.73%, up 108 bps from a year ago.
  • Funding: loans stand at 97.36% of shares as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

0.66%+23 bps YoY

Net Interest Margin (YTD, annualized)

5.24%+61 bps YoY

Efficiency Ratio (YTD, annualized)

87.36%-430 bps YoY

Net Worth / Assets

21.73%+108 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.43%0.75%0.58%0.86%0.66%+23 bps
Return on Equity2.07%3.55%2.88%3.81%3.04%+97 bps
Net Interest Margin4.63%4.71%5.15%5.53%5.24%+61 bps
Efficiency Ratio91.66%88.19%86.78%86.70%87.36%-430 bps
Growth
Asset Growth (YoY)5.92%3.73%6.09%4.03%7.57%+166 bps
Loan Growth (YoY)-0.88%7.94%11.30%13.52%11.97%+1,285 bps
Share Growth (YoY)6.52%3.17%7.23%1.87%6.55%+3 bps
Asset Quality
Delinquent Loans / Loans1.47%0.24%2.42%0.36%0.48%-99 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.69%0.58%0.50%0.51%0.30%-39 bps
Capital
Risk-Based Capital20.65%21.00%20.24%22.44%21.73%+108 bps
Net Worth / Assets20.65%21.00%20.24%22.44%21.73%+108 bps
Liquidity & Funding
Loans / Shares92.64%102.93%97.55%105.23%97.36%+472 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps