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Watts United

Los Angeles, CA · Charter 64767

Q1 2009

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 2009, the quarter ended March 31, 2009, 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

Watts United

Los Angeles, CA · Charter 64767

Q1 2009

$875KAssets
$286KLoans
$812KShares
$57KNet 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 -7.27%, down 728 bps year over year; NIM at 4.11%.
  • Asset quality: problem loans at 12.30% of loans (-496 bps YoY).
  • Capital: net worth / assets of 6.51%, down 472 bps from a year ago.
  • Funding: loans stand at 35.27% of shares as of Q1 2009.

Financial Results

Return on Assets (YTD, annualized)

-7.27%-728 bps YoY

Net Interest Margin (YTD, annualized)

4.11%-242 bps YoY

Efficiency Ratio (YTD, annualized)

220%+12,047 bps YoY

Net Worth / Assets

6.51%-472 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.01%-0.72%-2.62%-4.02%-7.27%-728 bps
Return on Equity0.05%-6.32%-29.23%-47.06%-111.82%-11,188 bps
Net Interest Margin6.53%5.55%5.31%5.44%4.11%-242 bps
Efficiency Ratio99.94%108.07%131.94%149.10%220%+12,047 bps
Growth
Asset Growth (YoY)-8.20%-10.89%-12.61%-8.74%-8.32%-13 bps
Loan Growth (YoY)-34.22%-38.72%-26.25%-28.81%-23.36%+1,086 bps
Share Growth (YoY)-9.10%-11.80%-11.31%-6.00%-3.79%+530 bps
Asset Quality
Delinquent Loans / Loans17.26%21.48%20.66%14.44%12.30%-496 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans4.04%3.85%3.79%4.14%4.46%+43 bps
Capital
Risk-Based Capital11.22%11.36%8.96%8.55%6.51%-472 bps
Net Worth / Assets11.22%11.36%8.96%8.55%6.51%-472 bps
Liquidity & Funding
Loans / Shares44.27%40.60%40.56%39.79%35.27%-900 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps