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Westlake Technology

Westlake, OH · Charter 66146

Q1 2009

$1.4MAssets
$253KLoans
$1.1MShares
$335KNet 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 0.54%, down 11 bps year over year; NIM at 2.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 23.32%, up 12 bps from a year ago.
  • Funding: loans stand at 23.67% of shares as of Q1 2009.

Financial Results

Return on Assets (YTD, annualized)

0.54%-11 bps YoY

Net Interest Margin (YTD, annualized)

2.30%-34 bps YoY

Efficiency Ratio (YTD, annualized)

76.89%+138 bps YoY

Net Worth / Assets

23.32%+12 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.65%0.64%0.58%0.56%0.54%-11 bps
Return on Equity2.79%2.78%2.50%2.40%2.31%-48 bps
Net Interest Margin2.64%2.49%2.44%2.40%2.30%-34 bps
Efficiency Ratio75.51%74.34%76.33%76.81%76.89%+138 bps
Growth
Asset Growth (YoY)-1.56%0.50%0.57%3.35%1.79%+335 bps
Loan Growth (YoY)-19.23%-26.28%-25.82%-19.39%-31.62%-1,239 bps
Share Growth (YoY)-2.22%0.77%1.11%4.85%1.93%+414 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans7.22%6.36%7.07%6.99%8.78%+156 bps
Capital
Risk-Based Capital23.20%23.00%23.06%23.28%23.32%+12 bps
Net Worth / Assets23.20%23.00%23.06%23.28%23.32%+12 bps
Liquidity & Funding
Loans / Shares35.28%31.65%28.59%29.06%23.67%-1,161 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps