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Char-Meck Teachers'

Charlotte, NC · Charter 63530

Q1 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: Q1 2008, the quarter ended March 31, 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

Char-Meck Teachers'

Charlotte, NC · Charter 63530

Q1 2008

$38.2MAssets
$24.4MLoans
$34.1MShares
$4.1MNet 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 0.06%, down 6 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 1.38% of loans (+17 bps YoY).
  • Capital: net worth / assets of 10.69%, down 49 bps from a year ago.
  • Funding: loans stand at 71.56% of shares as of Q1 2008.

Financial Results

Return on Assets (YTD, annualized)

0.06%-6 bps YoY

Net Interest Margin (YTD, annualized)

3.36%-37 bps YoY

Efficiency Ratio (YTD, annualized)

96.62%+1,479 bps YoY

Net Worth / Assets

10.69%-49 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets0.11%0.23%0.06%0.00%0.06%-6 bps
Return on Equity1.00%2.00%0.56%0.00%0.53%-47 bps
Net Interest Margin3.73%3.71%3.72%3.80%3.36%-37 bps
Efficiency Ratio81.83%82.21%84.45%84.66%96.62%+1,479 bps
Growth
Asset Growth (YoY)-5.05%-1.96%-2.64%-3.38%4.48%+953 bps
Loan Growth (YoY)-5.52%-7.05%-7.16%-7.32%-5.75%-23 bps
Share Growth (YoY)-6.42%-2.78%-3.07%-3.42%5.38%+1,180 bps
Asset Quality
Delinquent Loans / Loans1.21%1.17%1.21%0.86%1.38%+17 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.71%0.67%0.74%0.82%0.82%+11 bps
Capital
Risk-Based Capital11.18%11.25%11.40%11.54%10.69%-49 bps
Net Worth / Assets11.18%11.25%11.40%11.54%10.69%-49 bps
Liquidity & Funding
Loans / Shares80.00%77.58%78.96%79.81%71.56%-845 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps