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American Sterilizer

Erie, PA · Charter 6586

Q3 2003

$24.1MAssets
$11.1MLoans
$21.4MShares
$2.6MNet 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 0.61%, down 7 bps year over year; NIM at 2.87%.
  • Asset quality: problem loans at 1.56% of loans (+128 bps YoY).
  • Capital: net worth / assets of 10.61%, down 14 bps from a year ago.
  • Funding: loans stand at 51.72% of shares as of Q3 2003.

Financial Results

Return on Assets (quarter, annualized)

0.61%-7 bps YoY

Net Interest Margin (quarter, annualized)

2.87%-93 bps YoY

Efficiency Ratio (quarter, annualized)

100.32%+1,568 bps YoY

Net Worth / Assets

10.61%-14 bps YoY

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets0.68%0.49%0.57%1.05%0.61%-7 bps
Return on Equity6.32%4.60%5.60%10.35%5.74%-58 bps
Net Interest Margin3.80%3.60%3.56%2.86%2.87%-93 bps
Efficiency Ratio84.64%86.98%83.60%95.84%100.32%+1,568 bps
Growth
Asset Growth (YoY)9.61%6.34%13.08%8.99%7.96%-165 bps
Loan Growth (YoY)-19.57%-21.00%-14.18%-7.55%-9.40%+1,017 bps
Share Growth (YoY)10.75%6.80%13.88%9.06%8.33%-242 bps
Asset Quality
Delinquent Loans / Loans0.27%0.91%0.59%0.47%1.56%+128 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.23%1.39%1.46%0.39%0.40%-82 bps
Capital
Risk-Based Capital10.75%10.58%10.11%10.12%10.61%-14 bps
Net Worth / Assets10.75%10.58%10.11%10.12%10.61%-14 bps
Liquidity & Funding
Loans / Shares61.83%57.24%53.53%51.80%51.72%-1,012 bps
Liquid Assets / Assets15.84%25.15%26.27%24.74%23.22%+738 bps