PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Southern California Latvian

Covina, CA · Charter 65025

Q3 2008

$897KAssets
$157KLoans
$668KShares
$229KNet 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 3.22%, up 302 bps year over year; NIM at 5.69%.
  • Asset quality: problem loans at 0.00% of loans (-626 bps YoY).
  • Capital: net worth / assets of 25.49%, up 890 bps from a year ago.
  • Funding: loans stand at 23.52% of shares as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

3.22%+302 bps YoY

Net Interest Margin (YTD, annualized)

5.69%+432 bps YoY

Efficiency Ratio (YTD, annualized)

41.38%-6,681 bps YoY

Net Worth / Assets

25.49%+890 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.21%0.02%0.03%2.49%3.22%+302 bps
Return on Equity1.24%0.10%0.19%14.03%12.64%+1,140 bps
Net Interest Margin1.37%1.16%1.95%4.44%5.69%+432 bps
Efficiency Ratio108.19%118.73%98.43%43.95%41.38%-6,681 bps
Growth
Asset Growth (YoY)3.96%3.89%2.81%1.09%-28.67%-3,264 bps
Loan Growth (YoY)-6.31%-27.46%-25.48%-35.47%-41.54%-3,523 bps
Share Growth (YoY)4.40%4.67%3.69%-0.04%-35.60%-4,001 bps
Asset Quality
Delinquent Loans / Loans6.26%0.00%0.00%0.00%0.00%-626 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.60%2.87%3.05%3.68%4.45%+185 bps
Capital
Risk-Based Capital16.60%16.41%16.58%17.76%25.49%+890 bps
Net Worth / Assets16.60%16.41%16.58%17.76%25.49%+890 bps
Liquidity & Funding
Loans / Shares25.91%23.12%22.23%18.49%23.52%-239 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps