PackageTrendsPeer
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Vendors Mutual Benefit Association

West Hartford, CT · Charter 61777

Q3 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: Q3 2008, the quarter ended September 30, 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

Vendors Mutual Benefit Association

West Hartford, CT · Charter 61777

Q3 2008

$2.9MAssets
$2.6MLoans
$2.6MShares
$68KNet 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 -35.49%, down 3,705 bps year over year; NIM at 13.06%.
  • Asset quality: problem loans at 17.19% of loans (+612 bps YoY).
  • Capital: net worth / assets of 2.37%, down 2,039 bps from a year ago.
  • Funding: loans stand at 99.51% of shares as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-35.49%-3,705 bps YoY

Net Interest Margin (YTD, annualized)

13.06%+654 bps YoY

Efficiency Ratio (YTD, annualized)

57.87%-1,817 bps YoY

Net Worth / Assets

2.37%-2,039 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets1.56%0.53%2.64%0.00%-35.49%-3,705 bps
Return on Equity6.87%2.29%12.07%0.02%-1497%-150,364 bps
Net Interest Margin6.52%8.37%7.76%8.29%13.06%+654 bps
Efficiency Ratio76.03%68.49%66.00%73.92%57.87%-1,817 bps
Growth
Asset Growth (YoY)3557%4167%4216%4146%-35.82%-359,321 bps
Loan Growth (YoY)8164%9601%10164%10914%-32.05%-819,647 bps
Share Growth (YoY)3931%5055%5438%5252%-15.02%-394,608 bps
Asset Quality
Delinquent Loans / Loans11.07%13.34%24.60%28.99%17.19%+612 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.24%0.31%4.66%4.14%12.20%+1,096 bps
Capital
Risk-Based Capital22.76%23.13%21.87%21.88%2.37%-2,039 bps
Net Worth / Assets22.76%23.13%21.87%21.88%2.37%-2,039 bps
Liquidity & Funding
Loans / Shares124.45%124.73%123.63%122.85%99.51%-2,494 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps