PackageTrendsPeer
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Heritage Corridor

Joliet, IL · Charter 63754

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

Heritage Corridor

Joliet, IL · Charter 63754

Q3 2008

$12.9MAssets
$6.0MLoans
$10.3MShares
$2.6MNet Worth

Executive Summary

  • Earnings: ROA of -0.22%, down 46 bps year over year; NIM at 2.81%.
  • Asset quality: problem loans at 0.41% of loans (-19 bps YoY).
  • Capital: net worth / assets of 19.94%, down 42 bps from a year ago.
  • Funding: loans stand at 58.67% of shares as of Q3 2008.

Return on Assets (YTD, annualized)

-0.22%-46 bps YoY

Net Interest Margin (YTD, annualized)

2.81%-28 bps YoY

Efficiency Ratio (YTD, annualized)

104.40%+1,297 bps YoY

Net Worth / Assets

19.94%-42 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.27%-0.16%0.07%0.24%0.12%-0.49%-0.45%-0.22%-46 bps
Return on Equity1.38%-0.79%0.35%1.20%0.57%-2.47%-2.30%-1.10%-229 bps
Net Interest Margin2.90%2.86%2.92%3.09%2.96%2.65%2.66%2.81%-28 bps
Efficiency Ratio90.68%102.59%96.05%91.43%94.73%113.75%112.22%104.40%+1,297 bps
Growth
Asset Growth (YoY)2.92%-0.17%-1.58%-1.67%-3.05%-0.57%-0.57%0.67%+234 bps
Loan Growth (YoY)1.05%0.19%-2.56%-5.15%-8.08%-8.54%2.61%8.00%+1,315 bps
Share Growth (YoY)2.91%-0.95%-2.79%-2.69%-4.42%-1.23%-0.74%1.29%+398 bps
Asset Quality
Delinquent Loans / Loans0.63%0.87%0.92%0.59%0.67%0.64%0.43%0.41%-19 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.94%1.02%1.09%0.80%0.88%0.97%0.81%0.88%+8 bps
Capital
Risk-Based Capital19.61%19.58%19.78%20.36%20.34%19.72%19.74%19.94%-42 bps
Net Worth / Assets19.61%19.58%19.78%20.36%20.34%19.72%19.74%19.94%-42 bps
Liquidity & Funding
Loans / Shares55.93%54.74%54.68%55.03%53.79%50.69%56.53%58.67%+364 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps