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Quality Oil

Winston-Salem, NC · Charter 60655

Q1 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: Q1 2008, the quarter ended March 31, 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

Quality Oil

Winston-Salem, NC · Charter 60655

Q1 2008

$71KAssets
$2KLoans
$0KShares
$71KNet 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 -67.25%, down 6,766 bps year over year; NIM at 8.90%.
  • Asset quality: problem loans at 0.00% of loans (-25 bps YoY).
  • Capital: net worth / assets of 100.00%, up 8,843 bps from a year ago.

Financial Results

Return on Assets (YTD, annualized)

-67.25%-6,766 bps YoY

Net Interest Margin (YTD, annualized)

8.90%+604 bps YoY

Efficiency Ratio (YTD, annualized)

856%+77,020 bps YoY

Net Worth / Assets

100.00%+8,843 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets0.41%0.47%0.84%0.49%-67.25%-6,766 bps
Return on Equity3.52%4.00%6.32%3.54%-67.25%-7,077 bps
Net Interest Margin2.86%2.65%3.19%4.30%8.90%+604 bps
Efficiency Ratio85.75%82.35%73.57%88.69%856%+77,020 bps
Growth
Asset Growth (YoY)1.29%0.65%-9.35%-14.19%-89.79%-9,108 bps
Loan Growth (YoY)3.04%4.52%-10.13%-19.31%-99.72%-10,276 bps
Share Growth (YoY)0.73%0.07%-11.34%-15.13%-100.00%-10,073 bps
Asset Quality
Delinquent Loans / Loans0.25%0.19%8.10%13.08%0.00%-25 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.37%2.49%2.64%2.97%0.00%-237 bps
Capital
Risk-Based Capital11.57%11.68%13.34%13.77%100.00%+8,843 bps
Net Worth / Assets11.57%11.68%13.34%13.77%100.00%+8,843 bps
Liquidity & Funding
Loans / Shares109.13%103.88%111.75%102.10%n/an/a
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps