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U S E

St.paul, MN · Charter 5299

Q3 2008

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: Q3 2008, the quarter ended September 30, 2008, 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

U S E

St.paul, MN · Charter 5299

Q3 2008

$50.5MAssets
$39.3MLoans
$44.8MShares
$5.3MNet 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 0.17%, up 4 bps year over year; NIM at 2.88%.
  • Asset quality: problem loans at 3.11% of loans (+103 bps YoY).
  • Capital: net worth / assets of 10.52%, down 176 bps from a year ago.
  • Funding: loans stand at 87.73% of shares as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

0.17%+4 bps YoY

Net Interest Margin (YTD, annualized)

2.88%-67 bps YoY

Efficiency Ratio (YTD, annualized)

90.74%+717 bps YoY

Net Worth / Assets

10.52%-176 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.14%-0.58%0.55%0.35%0.17%+4 bps
Return on Equity1.10%-5.14%5.55%3.40%1.66%+56 bps
Net Interest Margin3.55%3.45%2.61%2.77%2.88%-67 bps
Efficiency Ratio83.57%85.06%86.09%91.96%90.74%+717 bps
Growth
Asset Growth (YoY)-1.55%1.43%18.22%12.10%11.48%+1,304 bps
Loan Growth (YoY)-9.67%-7.28%-0.02%2.19%0.81%+1,048 bps
Share Growth (YoY)1.96%6.69%27.47%19.79%17.81%+1,584 bps
Asset Quality
Delinquent Loans / Loans2.08%1.10%1.21%2.25%3.11%+103 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.38%0.52%0.51%0.40%0.43%+5 bps
Capital
Risk-Based Capital12.28%11.20%9.83%10.23%10.52%-176 bps
Net Worth / Assets12.28%11.20%9.83%10.23%10.52%-176 bps
Liquidity & Funding
Loans / Shares102.52%97.29%80.83%84.74%87.73%-1,479 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps