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S. C. State

Columbia, SC · Charter 60919

Q4 2009

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 2009, the quarter ended December 31, 2009, 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

S. C. State

Columbia, SC · Charter 60919

Q4 2009

$459.7MAssets
$291.0MLoans
$395.3MShares
$52.5MNet 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 0.61%, down 46 bps year over year; NIM at 3.06%.
  • Asset quality: problem loans at 0.73% of loans (-6 bps YoY).
  • Capital: net worth / assets of 11.42%, down 123 bps from a year ago.
  • Funding: loans stand at 73.61% of shares as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

0.61%-46 bps YoY

Net Interest Margin (YTD, annualized)

3.06%-63 bps YoY

Efficiency Ratio (YTD, annualized)

79.10%+132 bps YoY

Net Worth / Assets

11.42%-123 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets1.07%0.01%1.29%0.98%0.61%-46 bps
Return on Equity8.43%0.10%11.16%8.41%5.34%-309 bps
Net Interest Margin3.69%2.97%2.99%3.04%3.06%-63 bps
Efficiency Ratio77.77%91.04%71.58%74.85%79.10%+132 bps
Growth
Asset Growth (YoY)8.39%7.89%7.58%9.13%9.93%+154 bps
Loan Growth (YoY)3.36%4.03%1.06%-1.17%1.01%-234 bps
Share Growth (YoY)5.85%8.23%7.55%10.56%11.52%+567 bps
Asset Quality
Delinquent Loans / Loans0.79%0.78%0.73%0.74%0.73%-6 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.85%0.87%1.00%1.06%1.20%+35 bps
Capital
Risk-Based Capital12.66%11.12%11.56%11.62%11.42%-123 bps
Net Worth / Assets12.66%11.12%11.56%11.62%11.42%-123 bps
Liquidity & Funding
Loans / Shares81.26%73.99%72.16%72.52%73.61%-766 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps