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Independent

Brooklyn, NY · Charter 60270

Q4 2007

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: Q4 2007, the quarter ended December 31, 2007, 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

Independent

Brooklyn, NY · Charter 60270

Q4 2007

$3.2MAssets
$1.5MLoans
$2.6MShares
$608KNet 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 -1.67%, down 167 bps year over year; NIM at 3.30%.
  • Asset quality: problem loans at 10.89% of loans (-279 bps YoY).
  • Capital: net worth / assets of 18.73%, up 14 bps from a year ago.
  • Funding: loans stand at 58.19% of shares as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

-1.67%-167 bps YoY

Net Interest Margin (YTD, annualized)

3.30%-100 bps YoY

Efficiency Ratio (YTD, annualized)

150.53%+5,065 bps YoY

Net Worth / Assets

18.73%+14 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.01%-0.21%-1.78%-1.33%-1.67%-167 bps
Return on Equity0.03%-1.11%-9.65%-7.20%-8.89%-892 bps
Net Interest Margin4.30%3.85%2.76%3.31%3.30%-100 bps
Efficiency Ratio99.88%105.57%164.59%140.09%150.53%+5,065 bps
Growth
Asset Growth (YoY)-14.77%-14.89%-11.40%-7.43%-8.88%+590 bps
Loan Growth (YoY)-24.05%-15.08%-21.75%-16.87%-29.54%-549 bps
Share Growth (YoY)-17.51%-17.61%-12.80%-7.93%-9.11%+840 bps
Asset Quality
Delinquent Loans / Loans13.68%13.03%12.95%11.50%10.89%-279 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.79%2.95%3.02%2.37%1.89%-90 bps
Capital
Risk-Based Capital18.59%19.22%18.46%18.43%18.73%+14 bps
Net Worth / Assets18.59%19.22%18.46%18.43%18.73%+14 bps
Liquidity & Funding
Loans / Shares75.07%76.25%68.49%66.21%58.19%-1,687 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps