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South End Mutual Benefit Associatio

West Hartford, CT · Charter 65908

Q1 2010

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 2010, the quarter ended March 31, 2010, 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

South End Mutual Benefit Associatio

West Hartford, CT · Charter 65908

Q1 2010

$1.4MAssets
$1.0MLoans
$1.1MShares
$178KNet 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 -17.10%, down 1,246 bps year over year; NIM at 0.40%.
  • Asset quality: problem loans at 33.89% of loans (+1,623 bps YoY).
  • Capital: net worth / assets of 12.55%, up 477 bps from a year ago.
  • Funding: loans stand at 89.15% of shares as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-17.10%-1,246 bps YoY

Net Interest Margin (YTD, annualized)

0.40%-483 bps YoY

Efficiency Ratio (YTD, annualized)

4407%+426,844 bps YoY

Net Worth / Assets

12.55%+477 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-4.65%-0.95%1.30%-0.59%-17.10%-1,246 bps
Return on Equity-59.71%-10.74%12.28%-6.20%-136.24%-7,653 bps
Net Interest Margin5.22%5.09%11.22%9.19%0.40%-483 bps
Efficiency Ratio138.86%94.63%59.40%75.13%4407%+426,844 bps
Growth
Asset Growth (YoY)-16.56%-16.69%-24.02%-16.80%-47.19%-3,063 bps
Loan Growth (YoY)-30.18%-32.84%-33.58%-29.59%-47.60%-1,742 bps
Share Growth (YoY)-12.35%-13.15%-18.94%-14.43%-50.95%-3,860 bps
Asset Quality
Delinquent Loans / Loans17.66%36.54%26.49%26.37%33.89%+1,623 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.09%1.65%2.44%2.48%3.36%+127 bps
Capital
Risk-Based Capital7.78%8.87%10.55%9.44%12.55%+477 bps
Net Worth / Assets7.78%8.87%10.55%9.44%12.55%+477 bps
Liquidity & Funding
Loans / Shares83.44%75.33%76.99%71.06%89.15%+570 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps