PackageTrendsPeer
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Nestegg

Fulton, NY · Charter 6143

Q1 2008

$19.7MAssets
$13.8MLoans
$17.2MShares
$2.1MNet 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 0.37%, up 23 bps year over year; NIM at 4.74%.
  • Asset quality: problem loans at 0.23% of loans (-23 bps YoY).
  • Capital: net worth / assets of 10.88%, down 164 bps from a year ago.
  • Funding: loans stand at 79.81% of shares as of Q1 2008.

Financial Results

Return on Assets (YTD, annualized)

0.37%+23 bps YoY

Net Interest Margin (YTD, annualized)

4.74%-6 bps YoY

Efficiency Ratio (YTD, annualized)

91.38%-446 bps YoY

Net Worth / Assets

10.88%-164 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets0.15%0.24%0.08%-2.79%0.37%+23 bps
Return on Equity1.17%1.88%0.57%-24.75%3.42%+226 bps
Net Interest Margin4.80%4.98%5.07%5.24%4.74%-6 bps
Efficiency Ratio95.85%94.46%97.00%139.92%91.38%-446 bps
Growth
Asset Growth (YoY)-6.54%-2.10%-1.04%-4.25%-7.20%-66 bps
Loan Growth (YoY)-11.77%-12.83%-12.32%-12.11%-10.45%+133 bps
Share Growth (YoY)-3.90%-4.65%-4.03%-4.12%-6.57%-268 bps
Asset Quality
Delinquent Loans / Loans0.46%0.59%0.57%0.36%0.23%-23 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.43%0.45%0.45%0.23%0.21%-22 bps
Capital
Risk-Based Capital12.53%12.90%13.19%11.28%10.88%-164 bps
Net Worth / Assets12.53%12.90%13.19%11.28%10.88%-164 bps
Liquidity & Funding
Loans / Shares83.26%85.72%85.37%89.18%79.81%-345 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps