PackageTrendsPeer
Letter portraitLegal landscape

Glaxo Wellcome Employees

Rtp, NC · Charter 61929

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

Glaxo Wellcome Employees

Rtp, NC · Charter 61929

Q3 2008

$76.0MAssets
$62.6MLoans
$66.5MShares
$9.4MNet 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 0.59%, up 13 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.79% of loans (-13 bps YoY).
  • Capital: net worth / assets of 12.38%, up 114 bps from a year ago.
  • Funding: loans stand at 94.12% of shares as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

0.59%+13 bps YoY

Net Interest Margin (YTD, annualized)

3.65%+16 bps YoY

Efficiency Ratio (YTD, annualized)

80.51%-77 bps YoY

Net Worth / Assets

12.38%+114 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.46%0.81%0.08%0.35%0.59%+13 bps
Return on Equity4.10%7.03%0.68%3.00%4.75%+64 bps
Net Interest Margin3.49%3.46%3.10%3.46%3.65%+16 bps
Efficiency Ratio81.28%77.43%90.77%86.15%80.51%-77 bps
Growth
Asset Growth (YoY)8.63%17.88%8.65%1.09%2.56%-606 bps
Loan Growth (YoY)7.61%7.01%5.68%8.05%8.71%+109 bps
Share Growth (YoY)9.05%19.85%8.82%0.13%1.37%-768 bps
Asset Quality
Delinquent Loans / Loans0.92%0.64%0.42%0.40%0.79%-13 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.32%0.20%0.22%0.21%0.23%-10 bps
Capital
Risk-Based Capital11.24%11.55%11.17%11.71%12.38%+114 bps
Net Worth / Assets11.24%11.55%11.17%11.71%12.38%+114 bps
Liquidity & Funding
Loans / Shares87.76%87.55%83.09%90.23%94.12%+635 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps