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Sherwin-Williams Texas

Garland, TX · Charter 4376

Q2 2008

$3.9MAssets
$2.8MLoans
$3.5MShares
$414KNet 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 0.18%, up 4 bps year over year; NIM at 4.30%.
  • Asset quality: problem loans at 1.25% of loans (+11 bps YoY).
  • Capital: net worth / assets of 10.51%, up 149 bps from a year ago.
  • Funding: loans stand at 79.73% of shares as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

0.18%+4 bps YoY

Net Interest Margin (YTD, annualized)

4.30%-8 bps YoY

Efficiency Ratio (YTD, annualized)

90.91%+1,071 bps YoY

Net Worth / Assets

10.51%+149 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.14%0.15%0.84%0.00%0.18%+4 bps
Return on Equity1.60%1.65%8.31%0.00%1.75%+15 bps
Net Interest Margin4.38%4.54%4.58%4.39%4.30%-8 bps
Efficiency Ratio80.20%80.04%80.69%89.19%90.91%+1,071 bps
Growth
Asset Growth (YoY)-14.88%-12.96%-12.27%-11.03%-7.12%+776 bps
Loan Growth (YoY)-15.78%-18.27%-12.69%-9.28%-9.27%+651 bps
Share Growth (YoY)-6.02%-4.20%-11.76%-10.52%-8.09%-207 bps
Asset Quality
Delinquent Loans / Loans1.13%0.57%2.09%2.05%1.25%+11 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.93%2.33%1.70%1.59%1.56%-37 bps
Capital
Risk-Based Capital9.03%9.28%10.12%10.40%10.51%+149 bps
Net Worth / Assets9.03%9.28%10.12%10.40%10.51%+149 bps
Liquidity & Funding
Loans / Shares80.77%81.47%92.13%82.87%79.73%-104 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps