PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

State Employees

Atlanta, GA · Charter 61064

Q1 2011

$208.9MAssets
$86.0MLoans
$186.0MShares
$21.8MNet 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 0.11%, down 106 bps year over year; NIM at 2.48%.
  • Asset quality: problem loans at 1.45% of loans (-34 bps YoY).
  • Capital: net worth / assets of 10.42%, down 22 bps from a year ago.
  • Funding: loans stand at 46.24% of shares as of Q1 2011.

Financial Results

Return on Assets (YTD, annualized)

0.11%-106 bps YoY

Net Interest Margin (YTD, annualized)

2.48%+29 bps YoY

Efficiency Ratio (YTD, annualized)

82.43%+2,480 bps YoY

Net Worth / Assets

10.42%-22 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q3 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets1.17%0.78%0.03%0.03%0.11%-106 bps
Return on Equity11.04%7.44%0.28%0.27%1.08%-997 bps
Net Interest Margin2.19%2.17%2.18%2.42%2.48%+29 bps
Efficiency Ratio57.63%65.86%85.25%78.35%82.43%+2,480 bps
Growth
Asset Growth (YoY)9.55%10.82%8.24%2.89%1.59%-796 bps
Loan Growth (YoY)0.34%0.13%-0.94%-3.50%-7.76%-810 bps
Share Growth (YoY)10.53%12.16%8.48%3.13%1.74%-879 bps
Asset Quality
Delinquent Loans / Loans1.80%2.06%2.22%2.18%1.45%-34 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.10%1.16%1.25%1.35%1.61%+52 bps
Capital
Risk-Based Capital10.64%10.45%10.13%10.41%10.42%-22 bps
Net Worth / Assets10.64%10.45%10.13%10.41%10.42%-22 bps
Liquidity & Funding
Loans / Shares51.00%50.34%47.61%47.57%46.24%-476 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps