PackageTrendsPeer
Letter portraitLegal landscape

Food Lion Credit Association

Salisbury, NC · Charter 65983

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 2026-10-10

Food Lion Credit Association

Salisbury, NC · Charter 65983

Q1 2009

$31.3MAssets
$23.8MLoans
$28.2MShares
$2.2MNet 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 -5.22%, down 570 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 2.67% of loans (+26 bps YoY).
  • Capital: net worth / assets of 7.16%, down 357 bps from a year ago.
  • Funding: loans stand at 84.20% of shares as of Q1 2009.

Financial Results

Return on Assets (YTD, annualized)

-5.22%-570 bps YoY

Net Interest Margin (YTD, annualized)

3.34%-100 bps YoY

Efficiency Ratio (YTD, annualized)

107.27%+2,039 bps YoY

Net Worth / Assets

7.16%-357 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.49%0.52%0.00%0.12%-5.22%-570 bps
Return on Equity4.54%4.85%0.02%1.37%-72.84%-7,738 bps
Net Interest Margin4.34%4.05%3.98%3.38%3.34%-100 bps
Efficiency Ratio86.89%89.15%89.06%91.49%107.27%+2,039 bps
Growth
Asset Growth (YoY)6.07%10.84%15.01%36.18%27.06%+2,100 bps
Loan Growth (YoY)4.75%6.50%9.15%37.88%40.71%+3,596 bps
Share Growth (YoY)6.25%7.93%7.48%28.04%30.15%+2,389 bps
Asset Quality
Delinquent Loans / Loans2.41%2.72%1.88%1.92%2.67%+26 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.67%0.65%0.73%0.48%0.64%-3 bps
Capital
Risk-Based Capital10.73%10.74%10.18%8.56%7.16%-357 bps
Net Worth / Assets10.73%10.74%10.18%8.56%7.16%-357 bps
Liquidity & Funding
Loans / Shares77.87%81.59%91.02%93.49%84.20%+632 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps