PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Atlantic Steel

Atlanta, GA · Charter 60508

Q1 2005

$9.1MAssets
$4.0MLoans
$6.7MShares
$2.4MNet 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 0.92%, up 114 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 0.85% of loans (+75 bps YoY).
  • Capital: net worth / assets of 26.78%, up 286 bps from a year ago.
  • Funding: loans stand at 60.50% of shares as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

0.92%+114 bps YoY

Net Interest Margin (quarter, annualized)

3.76%+48 bps YoY

Efficiency Ratio (quarter, annualized)

78.40%-2,766 bps YoY

Net Worth / Assets

26.78%+286 bps YoY

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets-0.22%0.16%0.35%0.53%0.92%+114 bps
Return on Equity-0.92%0.64%1.44%2.06%3.42%+434 bps
Net Interest Margin3.28%3.27%3.30%3.50%3.76%+48 bps
Efficiency Ratio106.06%95.72%90.58%86.77%78.40%-2,766 bps
Growth
Asset Growth (YoY)2.57%0.76%2.87%-1.19%-7.79%-1,036 bps
Loan Growth (YoY)-2.11%-1.29%5.15%4.49%-1.32%+78 bps
Share Growth (YoY)2.87%0.58%3.33%-2.41%-10.19%-1,306 bps
Asset Quality
Delinquent Loans / Loans0.10%1.27%0.27%0.70%0.85%+75 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans3.19%3.15%2.70%2.89%3.09%-10 bps
Capital
Risk-Based Capital23.92%24.32%24.62%25.90%26.78%+286 bps
Net Worth / Assets23.92%24.32%24.62%25.90%26.78%+286 bps
Liquidity & Funding
Loans / Shares55.07%57.11%57.50%61.36%60.50%+544 bps
Liquid Assets / Assets41.95%42.39%45.45%45.23%45.26%+331 bps